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If you are looking to enter the world of Shiba Inu Coin, you will be better off doing so via a reputable platform with a range of markets and features.
In this guide, we explain the ins and outs of how to buy Shiba Inu Coin safely and in a low-cost manner.
We not only show how you can buy this digital currency from the comfort of your own home – but also detail what criteria you might look for when choosing the best broker to complete your purchase.
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Table of Content
How to Buy Shiba Inu Coin in 10 Minutes or Less – Fast Track Guide
No time to read this guide now? You will see below a fast-track step-by-step of how to buy Shiba Inu Coin. This should help you speed up the process and get started today!
- Step 1: Create an account with a trustworthy cryptocurrency broker – Find an online trading platform that lists Shiba Inu Coin and click the link to sign up.
- Step 2: Complete the KYC Process – Regulated brokers must validate your identity. You can send in a copy of your passport for proof of ID, and a recent bank statement or official bill for your proof of address.
- Step 3: Make a Deposit – To buy SHIB tokens, you must add funds to your account. The best brokers accept a wide range of payment methods. Select your chosen payment type and enter an amount to deposit before confirming.
- Step 4: Buy Shiba Inu Coin – Finally, use the search bar found on most platforms to find Shiba Inu Coin and complete a trading order. State how much you wish to allocate to the position and confirm all. The broker will execute your order.
Yet to decide on a crypto platform to buy Shiba Inu Coin? We have scrutinized heaps of providers in this space and offer a review of the very best one next.
The Overall Best Place to Buy Shiba Inu Coin: Reviewed in Full
Note that when you are deliberating about how to buy Shiba Inu Coin, you might consider making your purchase via CFDs.
CFD trading invites lower fees and allows you to access digital currencies in a more flexible way. This also allows you to apply leverage to your position – which can further boost your potential gains. From the dozens of Shiba Inu Coin providers online today – we found and reviewed the best all-rounder – Capital.com.
Capital.com – Overall Best Shiba Inu Coin Broker 2021
Capital.com takes care of millions of accounts for crypto traders and investors around the world. This online broker enables you to buy Shiba Inu Coin via CFDs, which means you do not have to worry about the daunting task of storing your SHIB tokens in a wallet and keeping it safe from crypto thieves. Safety isn't an issue here, as the platform is licensed and regulated by the FCA, CySEC, ASIC, and NBRB.
This means that Capital.com follows strict standards and procedures surrounding fee transparency, anti-money laundering, and more. As such, when you sign up, you will need to upload some documents to validate your identity. For those unfamiliar with this process, we offer a five-step run-through of how to sign up at the end of this guide. You can trade Shiba Inu tokens against US dollars with ease here.
The platform is simple to navigate and place orders on so it won't be intimidating for newbies. Low fees are important when researching brokers. This guide found that Capital.com offers 0% commission when you buy Shiba Inu Coin CFDs, or any other cryptocurrency for that matter. Listed markets include Bitcoin, Ethereum, Ripple, Cardano, Polkadot, Bitshares, Ox, and more. The spread is tight across all assets here - which further reduces your trading fees.
There are tons of assets listed here, covering 202 cryptocurrencies, 3,614 shares, 138 forex, 30 commodities, and 26 indices. Beginners will find plenty of insightful educational content - spanning most markets. This includes trading guides on CFDs, crypto, forex, and much more. The minimum deposit is just $20 and you can fund your account using credit/debit cards, bank transfers, and e-wallets like Skrill.
- Overall best place to buy Shiba Inu Coin via CFDs
- Thousands of markets listed with tight spreads and no commission to pay
- CySEC, FCA, ASIC, and NBRB regulated cryptocurrency platform compatible with MT4
- Not much fundamental analysis available
How to Buy Shiba Inu Coin: Finding the Best Broker – Fundamental Aspects to Consider
To save you hours of research, we have already reviewed the best platform to buy SHIB tokens. However, no two investors are the same – so it’s important to know what makes a good broker. This insight will help you find the best provider for your needs.
With this in mind, we have listed below some fundamental aspects to consider. This should aid you in making a final decision on where and how to buy Shiba Inu Coin!
Is the Crypto Platform Trustworthy?
First and foremost – can you trust the platform with your funds? When you are exploring how to buy Shiba Inu Coin, a top priority should be researching how trustworthy the provider in question is.
Whilst this doesn’t sound easy, one of the best ways to ensure the crypto broker is legit and trustworthy is to investigate its reputation – and crucially its regulatory standing.
The biggest financial regulators of crypto brokers are as follows:
- The FCA – The UK
- CySEC – Cyprus
- ASIC – Australia
- CFTC – The US
Regulated brokers adhere to strict standards set out by the aforementioned bodies in order to keep their licenses. It’s usually a mandatory condition for the trading platform to identify and verify your ID when you sign up.
This process is known as KYC (Know Your Customer). If you have no experience signing up with a regulated crypto trading platform, you will find a full 5-step walkthrough at the end of this guide. You can also rely on a level of fee transparency and protection against financial crime by opting for a regulated brokerage.
What Markets are Available?
By choosing a broker that lists a range of assets, you will have plenty of options available at your fingertips – without having to complicate things by going to another platform later down the line.
A diverse range of markets is important because:
- Depending on your goals – you may be looking at how to buy Shiba Inu Coin via CFDs.
- You might then move on to buy Litecoin and Ethereum – to create a diverse basket of digital currencies that behave differently.
- Some people prefer trading tokens like SHIB against fiat currencies. This might include US dollars, euros, or British pounds. In which case you would need to make sure the broker in question can facilitate this.
The best Shiba Inu Coin brokers list everything from crypto assets and forex – to stocks, indices, and even commodities like gold!
Is Your Preferred Deposit Type Accepted?
When you are familiarizing yourself with the ins and outs of how to buy Shiba Inu Coin, you will have no doubt considered which payment method you might use.
You will find below some commonly accepted deposit methods:
- Credit/debit cards like Mastercard and Visa
- Bank transfers
- e-wallets such as Paypal and Skrill
If there is a specific payment type you want to use when adding funds to your account, it is crucial that you make sure the broker is compatible with it. You can also check to see how long that particular provider takes to process each method.
What Fees are Payable to Buy Shiba Inu Coin?
High fees can deplete your profits in no time, so it’s important to join a brokerage with your eyes open to the costs involved.
You will find below some commonly charged fees to look out for when considering how to buy Shiba Inu Coin.
As we said, when deliberating how to buy Shina Inu Coin, it’s important to consider what payment methods you will be able to use. You should also ensure you are aware of any deposit and withdrawal charges.
If the crypto platform charges a fee to add or withdraw funds, this will usually depend on the payment method used. For instance, some exchanges charge up to 3.99% on credit/debit card transactions. On the contrary, Capital.com covers all deposits and withdrawal fees – no matter which type you opt for.
Some brokers charge a commission fee when you enter the market and again when you exit.
To give you an idea of what you may have to pay, see below:
- Coinbase – which is one of the most popular crypto exchanges around – charges a standard commission of 1.49%.
- This means if you create a $1,000 buy order on this platform, it will cost you $14.90.
- In contrast, top-rated brokerage Capital.com offers 0% commission when you buy Shiba Inu Coin via CFDs.
Notably, commission-free brokers still need to generate profits. As such, you will need to check how competitive the spread is. For those with no knowledge of the spread, we offer a simple explanation next.
When weighing up your options, if you buy Shiba Inu Coin via CFDs, you will often find that you need to pay ‘the spread’. In laymen’s terms, this is simply the difference between the buy and sell price of the asset.
- The tighter the spread is, the better for your profits.
- If the broker quotes a spread of say 0.7% – you are beginning the trade 0.7% in the red.
- If the position makes 0.7% – you break even.
- Anything over 0.7% counts as gains.
As we touched on, some Shiba Inu Coin brokers charge 0% commission and only require you to pay for the spread. You should always check what you will be liable for before signing up to buy Shiba Inu Coin. All regulated brokers should clearly display the information on their website.
Overnight Financing Fees
If you elect to buy Shiba Inu Coin via CFDs, you will probably pay an overnight financing fee for each evening the position is left open.
- The best brokers only charge the overnight financing fee based on the leverage being accessed.
- Other crypto platforms might charge this fee based on the entire value of your SHIBA token order.
Again, reputable brokers such as Capital.com will clearly state the amount payable when placing your order – so you know exactly what overnight financing charges apply.
Some Shiba Inu Coin brokers charge an inactivity fee. This might be say $50 per month, which would be charged after 1-year of not using your account.
The broker we reviewed today – Capital.com, does not charge this fee, no matter how long you are inactive.
Is There Research Content or Trading Tools?
If you are a newbie, the chances are you will require a little extra help when learning how to buy Shiba Inu Coin. Some brokers offer a bare basic service whereby you can place orders to purchase cryptocurrencies and not much else.
Other platforms enable you to buy Shiba Inu Coin – as well as offering a range of educational guides, video lessons, webinars, and glossaries. You might also look for MT4 compatibility, which offers a plethora of indicators, charts, and tools needed to perform technical analysis.
Best Way to Sell Shiba Inu Coin
If you buy Shiba Inu Coin at a regulated brokerage such as Capital.com – the easiest way to sell your tokens is by logging into your account and creating a simple order!
This is quite the contrast to buying cryptocurrencies at a decentralized exchange and having to find someone to swap with – or arranging multiple transactions to and from your wallet.
Join an Online Broker and Buy Shiba Inu Coin Today: 5 Simple Steps
After studying a plethora of information, such as available markets, features, fees, and deposit methods – we offered a comprehensive review of the best Shiba Inu Coin provider of 2021. Of course, you can also research the best trading platforms yourself by using the key metrics we previously listed as a guideline.
If you have no experience with signing up with a brokerage to buy Shiba Inu Coin – or any other asset – the following 5-step walkthrough will clear the mist.
Step 1: Create an Account With an Online Broker
To create an account with an online broker to buy Shiba Inu Coin, you need to look for the ‘Sign Up’ or ‘Join Now’ button.
Next, you will be required to enter your full name, email address, desired password, address, telephone number, and date of birth.
When you have filled in all the information required, you can confirm all. As we mentioned, regulated brokers also need to validate the information you give in order to comply with the KYC procedure.
78.77% of retail investor accounts lose money when trading CFDs at this provider
Step 2: Upload Documents to Complete the KYC Process
For the broker to validate your ID and such, you will need to send some documentation. A clear photo or scan will usually suffice.
- To prove your identity – you can send a copy of a photo ID such as your passport or driving license (which must be in date).
- To prove your address – you can send a copy of a bank statement dated within 3 months and showing your full name and address.
To make this process as quick as possible so you can get the ball rolling and buy Shiba Inu Coin, make sure the whole document is readable. Additionally, with the ID card, you must take a photo or scan of all sides and the image must be clear and in color.
Step 3: Select Payment Type and Make a Deposit
Before you can learn the ins and outs of how to buy Shiba Inu Coin, you must add some funds to your new account.
Select your chosen payment type from compatible methods and enter the size of your deposit. Confirm all when you are happy to proceed.
Step 4: Find Shiba Inu Coin From Listed Markets
Next, you can search for Shiba Inu Coin or SHIB.
Once you have found Shiba Inu, select it to confirm your choice and continue.
Step 5: Place an Order to Buy Shiba Inu Coin
The final step to buy Shiba Inu Coin is to place an order. Enter the amount of SHIB tokens you want to buy and confirm all when you are satisfied the information entered is correct.
The broker will do the rest and you will find the Shiba Inu Coin in your account portfolio.
How to Buy Shiba Inu Coin: To Conclude
Throughout this guide, we have talked about the ins and outs of how to buy Shiba Inu Coin. One of the most important aspects of embarking on cryptocurrency trading and investing is to do so via a trusted and regulated brokerage.
Key considerations should be whether the platform is safe, offers a wide range of assets, and how low the fees are to access your chosen market. You will also need to pay attention to what payment methods are accepted by the broker, as some platforms are limited in this respect.
CySEC and FCA-regulated Capital.com came out the overall best place to buy Shiba Inu Coin. Regulation means you have the peace of mind of safe transactions. You will find thousands of markets listed, all with 0% commission and tight spreads. Furthermore, the broker accepts tons of payment types such as credit and debit cards, bank transfers, and even e-wallets.
Capital.com - Sophisticated AI Trading Platform With 0% Commissions
Capital.com - Sophisticated AI Trading Platform With 0% Commissions
How can I buy Shina Inu Coin?
The best way to buy Shiba Inu Coin is to sign up with a regulated broker that lists this specific cryptocurrency, among others. You will need to sign up, complete the KYC process, and add some funds to your account. Then, you can find SHIB tokens and create a buy order to complete your purchase. The broker will add the digital asset to your account portfolio.
Where is the best place to buy Shiba Inu Coin?
We scrutinized hundreds of crypto brokers and found that the best place to buy Shiba Inu is Capital.com. The broker is regulated, lists hundreds of cryptocurrencies, and offers 0% commission to buy SHIB tokens via CFDs. You can also add funds to your account using convenient payment types such as credit and debit cards and e-wallets.
Can I still profit if Shiba Inu Coin declines in value?
Yes, if you elect to buy SHIB tokens via CFDs you will be able to capitalize on both rising and falling markets. If you believe the price will decline, you will have to place a sell order to enter the market. If you are correct, you will make gains on your position.
How much money do I need to buy Shiba Inu Coin via a broker?
The amount of money you need to buy Shiba Inu Coin will depend on the platform in question. For instance, where one crypto broker may stipulate a minimum deposit of $200, Capital.com only requires $20 to get started.
How much is Shiba Inu Coin likely to be worth in 5 years?
Some price predictions suggest that Shiba Inu Coin could be worth $0.000061 per coin by 2025. With that said, in such a speculative market, the best way to keep tabs on a potentially profitable cryptocurrency investment is to perform technical analysis to gauge market sentiment. You can also keep an eye on crypto news. There are many subscription services covering this subject.