What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is an ERC-20 token that was designed to be an Ethereum-based competitor to Dogecoin. Its unique traits include a low per-unit price and high circulating supply. SHIB is also the native token for the ShibaSwap decentralized exchange. A major difference from other currencies is that while Bitcoin or Ethereum network-based currencies were designed to be scarce, SHIB is positioned as intentionally abundant. You can buy and sell SHIB for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade SHIB for BTC the same way you trade CAD for USD. You can also trade SHIB to CAD based on the SHIB price. To learn how to buy Shiba Inu / SHIB, scroll down to see how to buy Shiba Inu.
How to buy Shiba Inu (SHIB)?
Here's how to buy Shiba Inu on Coinsquare
To buy Shiba Inu, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying SHIB. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select SHIB from the list on the trade section
Coinsquare lets you trade SHIB without leaving the app. You can also check the Shiba Inu price and convert SHIB to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the SHIB price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Shiba Inu (SHIB)
Congratulations! You’re now the proud owner of SHIB. You can either HODL or use it to exchange SHIB to CAD.
Where do I keep my Shiba Inu (SHIB)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Shiba Inu (SHIB) to your portfolio?
Create your account, fund it with spare change and get a little bit of SHIB.
