Shiba Inu is an Ethereum-based blockchain project, and it is the evaluation of Dogecoin. Its total market cap is $893 billion, and 13 lack holders. Its current price is $0.000009249 and its supply is 590 Trillion.
Shiba Inu and Dogecoin both are Meme Coins associated with the same theme, Dogecoin launched in the last month of 2013, and Shiba Inu was created in August 2020. Shiba Inu still places in the top ten of all meme-related cryptocurrencies, just behind Dogecoin.
Dogecoin Vs Shiba Inu
The big difference between Shib Inu and Dogecoin is that SHIB was developed by using the Ethereum blockchain, so that’s why it has more transaction fees than Dogecoin.
Secondly, it works on the Proof of Stake (PoS) consensus algorithm which means it doesn’t support crypto mining like Dogecoin. SHIB is similarly infamously unstable as a form of cryptocurrency. While it has swiftly climbed in price, it has also drastically decreased.
If you are planning to purchase this then it is quite simple, you can buy Shiba Inu using various exchanges like Binance, Uniswap, Shibaswap, Coinbase, eToro, and many others.
How to Buy Shiba Inu Crypto
Here is a step-by-step tutorial on how to purchase Shiba Inu cryptocurrency. All the procedures are quite straightforward to follow. Using Binance, which is completely free software that can be installed on mobile, desktop, and laptop devices, you might purchase Shiba Inu cryptocurrency.
Prerequisites to Buy Shiba Inu Crypto
- You must have the Binance app installed on your desktop, laptop, or mobile device to enable you to trade cryptocurrencies like Bitcoin, Ethereum, or Luna.
- The private wallet (Trust Wallet) must be integrated with your Binance app to store the cryptocurrency.
- Your wallet must have enough money to cover the transactions.
Step-by-Step Guide to Buying Shiba Inu Crypto
To buy the crypto you always need an exchanger through which you can sell, buy and trade. Here are the easiest step-by-step guidelines to buy SHIB crypto on Binance.
i: Launch the Binance application and sign into your account.
ii: Type the verification code you will get through email or phone into the box provided or log in with the password
iii: After the account has been properly created, go to "Market" and type "Shiba Inu" into the box provided.
iv: When Shiba appears, select "Trade." Once a transaction is initiated, its primary chart will be displayed.
Note: The primary chart aids investors in technical analysis by providing a visual representation of previous cryptocurrency data.
v: Choose the period on the provided chart for the technical analysis; it's entirely up to you whether you choose 15 minutes or an hour.
vi: Insert the limit of Shiba Inu and press the "Buy" button.
Conclusion
Shiba Inu is crypto like other cryptocurrencies, developed by using the Ethereum blockchain and it requires more transaction fees which are not suitable for every investor. It doesn't support mining because of using a proof of stake consensus mechanism. SHIB is similarly infamously unstable as a form of cryptocurrency. While it has swiftly climbed in price, it has also drastically decreased.
