In this post we are going to see how you can buy BitShiba without having to pay high commissions and in a simple and fast way. Currently, it is not listed on any or few exchanges, but you can get it through the DEFI pancakeswap exchange. If you don’t know how, let’s see it here step by step.Â
If you want to know more in detail all the aspects of this cryptocurrency, later after seeing the step by step we are going to see what is BitShiba so you can know more about this cryptocurrency before buying it and know what you invest your money in.Â
Where to buy BitShiba
To buy BitShiba, we are going to use Binance and the Metamask wallet, for me it is the best option, but you can also use other wallets if you don’t use metamask like trustwallet among other known wallets. Binance we are going to use it to buy BNB and USDT or the cryptocurrency you want, to exchange it for the BitShiba token and get this cryptocurrency finally.
Also, we will need BNB to pay for the network commissions. You can create an account with binance just below if you don’t have one yet to follow the steps.Â
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
If you already have in your Binance Coin metamask wallet to pay for commissions, less than a dollar, you are simply going to have to go to pancakeswap, and copy the BitShiba contract in order to find the token. You can find this on Coingecko or coinmarketcap by searching for BitShiba or you can copy the contract from the Binance network just below:
0xB84cBbF09b3Ed388a45cD875ebba41a20365e6e7
With this contract, you will be able to find the token, in from to exchange it for the cryptocurrency you want in Pancakeswap. You can also add the token in metamask and be able to see the amount you have once purchased.
It is currently listed on the exchange gate.io, which you can create your account below and buy without using pancakeswap in a simpler way if you are new to the world of cryptocurrencies.
Platform: Gate.io
Min. Deposit: $10
License: Cysec
New cryptocurrencies (ICO’s)
Growing exchange
Step by step
Let’s see in detail how you can buy BitShiba. The first thing we are going to do is to log in Binance, if you don’t have an account you can create one here. With your account, you must make a deposit to have funds and be able to buy BNB. You can deposit funds with your credit card, to have the balance directly and without having to wait or bank transfer, although it will take a few days to be able to use it.Â
With your first deposit, whether it is euros, dollars or another currency, you must go to markets, and look for your currency with respect to Binance coin (BNB). In my case, EUR/BNB. Here go to the red sell button, and exchange your currency, in my case euros, for BNB. We use BNB because the commissions on the Binance network are paid with this cryptocurrency, as happens with the Ethereum network with ETH. You can also buy USDT (Tether), but you should always have a small amount of BNB in your metamask wallet to pay for commissions, less than $1. With 10-15$ of BNB is enough for several transactions and not run out of BNB.
Once you have BNB, you must click on the cryptocurrency, and click on withdraw. Go to your metamask, and click on the address, you will see that an address is copied when you click on it. You must enter this address in Binance to withdraw your BNB from Binance to Metmask. It is very important to enter the BEP20 network, and the amount you want to withdraw. The commission is $0.80. Confirm that the information is correct and confirm the transaction with the codes.Â
Open your metamask wallet, and if you have the Binance network configured, the amount of BNB you have transferred should appear in a few minutes. If you don’t have the Binance network configured, I recommend you look up how to configure the Binance smart chain network in Metamask, so you can use it, without it, you won’t be able to buy BitShiba. It is very simple and you will only have to copy the parameters it tells you.Â
With this done, we must go to pancakeswap. Here in from, we indicate BNB and to, the BitShiba token. If you look for it, you will not find it. In order to use it, you must copy the address of the contract and paste it. You can search for it in coingecko to see it, or you can copy it just below:
0xB84cBbF09b3Ed388a45cD875ebba41a20365e6e7
With this, the BitShiba token should appear in order to be able to exchange.
Before clicking on swap, you are going to have to go to the settings wheel, Slippage tolerance and set 12%. This is because this cryptocurrency charges a 10% commission, 5% is burned and 5% goes to people who hold BitShiba. So if you buy BitShiba, you’re going to see the amount you have increase just by having it in metamask.
With the 12% marked, just click on swap, and confirm in your metamask the transaction.
In case you can’t make the transaction and you get an error in pancakeswap, go up the slpping tolerance 1% each time until you can make the transaction. Due to volatility and liquidity, sometimes you have to raise the slipping tolerance higher than usual for the transaction to go through.
Now, you can go to your metamask, and add the token with the contract that you can find in coingecko or just above BitShiba to see the amount of cryptocurrencies reflected in your wallet and their value in $. With this, you will be able to have BitShiba and accumulate this cryptocurrency without doing anything else but waiting. If you do not have an account with binance, you can create one just below to follow the steps we have seen.Â
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
What is BitShiba?
BITSHIBA AIMS TO GO ABOVE AND BEYOND FOR ITS COMMUNITY, OUR COMMUNITY IS EVERYTHING TO US AND THE FOUNDATION OF OUR SUCCESS. BITSHIBA IS PLEASED TO OFFER EVERYONE THE OPPORTUNITY TO SAFELY INVEST IN THE MOST CURRENT AND HOTTEST PROJECT LAUNCHES ON THE $SHIBA BINANCE SMART CHAIN.
NEXT GEN NFTS
MULTI-BLOCKCHAIN USAGE
ENDLESS POSSIBILITIES
BitShiba is here to stay. No idea is too big, no task is too complex with the support of our community. DAO proposals and votes will take BitShiba in a positive direction fully decided by $SHIBA holders.
BitShiba ($SHIBA) has a fully distributed decentralized offering, 50% of the tokens were burned and 50% were locked in as liquidity until 2099. This means that no one controls the price of SHIBA besides you, the community. There are no developer tokens, there are no team tokens, no one can dump SHIBA because there is no more SHIBA. Nobody can pull SHIBA because the liquidity is locked up for over 78 years. BitShiba is probably the only cryptocurrency that can say this. On the other hand Shiba Inu gave his tokens to Vitalik. He can lose the keys, he can suffer unfortunate events, he is only human and can make mistakes. The only 100% way to protect the holders is to actually burn and lock the tokens as BitShiba ($SHIBA) did, not send them to Vitalik the founder of ETH as Shiba Inu (SHIB) did.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies