In this post, where we are going to see how you can buy Shiba Inu in an easy, simple and fast way.
Shiba Inu, also known as the doge coin killer, is a cryptocurrency that has skyrocketed in recent days as you can see in the graph, with returns of 7,000% in less than a month. This has been due to the great boost it has received by the community that has decided to make it the new doge coin, although this time, it seems that it is going to have some more utility than dogecoin, where they are working to create their own decentralized Exchange.
Where to buy Shiba Inu
For this, I am going to use two platforms, Binance and gate.io, where you can find all the links in the description. You can see below a video of how to do it step by step.
Step by Step
Shiba Inu can be found in few exchanges, and you can also use Uniswap, but you will find high ethereum fees to buy it. Therefore, the best option is to use the centralized exchange gate.io that has this cryptocurrency listed.
The first thing we have to do is to deposit funds in our gate.io account. In order to have funds in gate.io, the best option is to send them from another Exchange, since the platform does not have the option to buy cryptocurrencies with credit card or wire transfer. For this, I am going to use binance, and I am going to send tether (USDT), since it is the cryptocurrency we are going to need to buy Shiba Inu.
In my case, I already have USDT in my binance account, if you don’t know how to buy it, I’ll leave a video below so you can watch it. With the usdt, we go to wallet, spot wallet and click withdraw.
Now we must go to gate.io, and go to deposit. Here, we click on the tron/TRC-20 network, as it has the lowest commissions and only costs one dollar commission. Copy the address and paste it into binance. Once in binance, enter the address, the tron network, trc-20 and the amount to withdraw the usdt. We confirm with our email and cell phone, and that’s it. Remember to indicate the trc-20 network to save on commissions and not have any problems.
Now you must wait for the USDT to appear in your gate.io balance, it usually takes a few minutes until you have it ready to use. Once they appear, go to my funds, search for usdt or tether and click on trade.
You will see the panel to buy and sell cryptocurrencies, here, search for shib, and you will see the shib/usdt pair. We go down and indicate the amount we want to buy shiba Inu. Here, if you want to use all your usdt, just click on the number above and the total will be placed. At the top of Price you will see the current price of the cryptocurrency. With the amount indicated, just click on the buy button.
Now, you will be the owner of shiba Inu, and to check it, you can go again to my funds to see the amount you have. Once you want to sell it, we must return to the same panel above, but this time we will go to the red sell button. We indicate the amount we want to sell, and click on sell. This way, you can have USDT again and send it to binance to withdraw it to your bank account.