Buy Shiba Inu (SHIB) in India — Step by Step Guide for Beginners
What is Shiba Inu?
Shiba Inu (SHIB) is a decentralized spontaneous community-building experiment. Our first token, SHIB, allows users to hold Billions or even Trillions of them. This ERC-20 the only token dubbed the DOGECOIN KILLER, can remain well under a penny and still outperform Dogecoin in a short period of time (relatively speaking).
Shiba token ($SHIB), which is already popular worldwide and up thousands of percent, is the first cryptocurrency token to be listed and incentivized on ShibaSwap, our decentralized exchange.
Shiba Inu coin is hosted on the Ethereum blockchain and is quickly becoming one of the fastest-growing cryptocurrencies among the market’s 100 coins. Dogecoin inspired the creation of the coin. However, it should not be compared to Dogecoin, as Shibu Inu is also a joke-inspired coin. It functions as a component of a decentralized exchange website. Because of its growing popularity, many people are endorsing this coin. Shiba Inu Token is the primary coin hosted on Uniswap. However, when Elon Musk tweeted that he is looking for a Shiba puppy, it increased by more than 300%.
Key elements of Shiba Inu include:
Our artist incubator invited the best Shiba Inu artists to collaborate on a special project. Over the course of a few weeks, we invite speakers from various genres and platforms to speak with our new Shiba artists, build camaraderie, and foster lasting relationships.
As we investigate how to bring our unique position into the NFT market, these artists will lead the artistic Shiba Inu movement. Over 75 people applied, and we are excited to share information about our cohort, portfolio day, and our first official NFT ventures with the community.
Shibas are the cutest dog breed ever, but they are not the easiest to care for. As a result, and somewhat surprisingly, many Shibas need to be rescued all over the world. As a result, we launched a community effort to raise funds for this cause by utilizing the built-in Amazon Smile feature.
This free method allows any Shiba Inu member to help Rescue Shiba Inus by simply using smile.amazon.com when placing orders and designating Shiba Inu Rescue Association a 501(c)3. Automatically, a portion of your purchases is donated to charity. There is no cost to you! Our strength is in numbers, and as a group, we can help rescue Shibas!
How to buy Shiba Inu Coin?
The procedure is extremely simple to get Shiba Inu coin. First and foremost, you must complete your KYC, which takes only a few minutes to verify. If you’re stuck with a pending KYC, try contacting the exchange’s support. Second, you must deposit funds into your exchange wallet. Most Indian cryptocurrency exchanges accept popular payment methods such as UPI and internet banking (NEFT/IMPS).
Now that you’ve made a deposit, you can start buying Shiba Inu coins. You can also set the purchase price based on your preferences. You will be able to purchase a cryptocurrency at your desired price if you place a limit order, but this is entirely dependent on whether the actual coin reaches that limit order price.
Step by step guide for beginners, How to buy Shiba Inu in India?
BuyUcoin is an exchange that provides buying and selling Shiba Inu in India as well as other 100+ cryptocurrencies. Below is a step by step guide to buying Shiba Inu via BuyUcoin:
Step 1 — Open a Digital Wallet
A digital wallet is where you hold your cryptocurrencies and interacts with others via blockchain technology. There are many providers of digital wallets, however, it is important to make deep research before you decide which one is the best for you. Currently, the most popular digital wallet provider is BuyUcoin.
Step 2 — Register & Open an Account
Once you enter buyucoin/signup, register and open an account that can provide you with their service. Select the type of your account either individual or corporate. Select your country and agree to the terms and conditions to register your account for crypto trading.
KYC and AML are mandatory for Indian jurisdiction. Your data is saved and encrypted and is stored in Indian data centers only. You will be redirected to a different URL to complete your KYC. Please be ready with your recent selfie. You will need the images of your pan card. You will need the mobile number with you which is linked with your Aadhar.
Step 4-Google 2 step Verification
To use 2FA you will have to install an Authenticator app on your smartphone or tablet. Once enabled you will be asked to provide an additional six-digit one-time password along with your email and password every time you log in to your BF account. This works only when signing in with an email and password. When using Facebook or LinkedIn you can enable 2FA with your social media provider settings.
Step 5-Add Bank details
Add the credentials of your bank name, holder account name followed by account number, and IFSC code details.
Trade Shiba Inu
As one of the largest and new viral cryptocurrencies in the world, investors and traders can trade Shiba Inu easily on fiat exchanges. Some investors who want to trade multiple currencies or have the option to convert other currencies easily into Shiba Inu may want to consider the C2C exchanges more closely.
Some most advantageous features of Shiba Inu.
- Shiba Inu not only features the same breed of meme dog as Dogecoin, but it also appears to be using a running joke as a way to enter the crowded market.
- As is the case with most new cryptocurrencies, little is known about Shiba Inu at the moment, aside from its recent surge in popularity and market value.
- According to its website, shibatoken.com, the cryptocurrency is the first token to be listed and incentivized on the coin’s own decentralized exchange platform, ShibaSwap.
- Shiba Inu’s market value percentage has skyrocketed in the first few days of May 2021.
The Shiba Inu community has gained significant traction as a result of the weekend deposits, and we look forward to seeing its continued growth. We are excited to be one of the major exchanges in India to offer SHIB, allowing crypto enthusiasts to enter the market. As an exchange, we are thrilled to be able to offer a diverse portfolio of cryptocurrencies, including memetic tokens, to provide our valued customers with a comprehensive investment experience.
Can I Use Regular Money to Buy Shiba Inu?
Yes, you can use regular money to buy Shiba Inu using the BuyUcoin platform. Likewise, Bitcoin is great at being a store of value and a way to make payments across borders. But there’s no good way to create smart contracts on Bitcoin. Shiba Inu is great at using ERC 20. This is why Shiba is a good investment if you’re interested in investing in cryptocurrencies beyond Bitcoin, ethereum, ripple, dogecoin, and more.
Shiba Inu Market trends and Price history.
SHIBA INU has been traded in India’s burgeoning crypto market since August 1, 2020, thanks to online marketplaces like BuyUCoin.
SHIBA INU Price in INR in 2020:
At the time of launch on August 1, 2020, the volume of SHIBA INU was ₹117,778,634 with the price of 0.00000007 INR. Till 23rd November 2020, the price of the SHIBU INR coin remained in the range between 0.00000004 to 0.00000001 INR.
SHIBA INU Price in INR in 2021:
The live SHIBA INU price today is $0.000020 USD with a 24-hour trading volume of $5,823,768,938 USD. SHIBA INU is down 5.89% in the last 24 hours. The current CoinMarketCap ranking is #25, with a live market cap of $7,749,833,338 USD. It has a circulating supply of 394,796,000,000,000 SHIB coins and the max. supply is not available.
With cryptocurrencies like Ethereum and Dogecoin reaching new all-time highs, investors are always on the lookout for the next big thing. The latest in the crypto universe is the Shiba Inu coin, which has been garnering attention ever since the recent dip in Dogecoin. So in this current market hype, you should go with Shiba Inu, it will give you more profit in the upcoming time.
Buy Matic in India — Step by Step guide for beginners
Buy Shiba Inu (SHIB) in India — Step by Step Guide for Beginners was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.