How To Buy Shiba Inu Coin in 2024 & Best Exchanges

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Last updated Apr 15, 2024 | 09:07 AM UTC

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Intro

Do you want to know how to buy Shiba Inu, a famous meme coin?

Discover a reputable cryptocurrency exchange that offers Shiba Inu. Open an account and register, then verify your identity to pass Know Your Customer (KYC) and explore all the exchange’s features. 

Still, remain mindful of the potential risks associated with buying cryptocurrencies through these platforms.

Check out the steps below:
 

  • Step 1 - Open an account on a reliable cryptocurrency exchange
  • Step 2 - Verify your identity via KYC 
  • Step 3 - Select your preferred payment option
  • Step 4 - Start the Shiba Inu trade or use the Instant Buy tool
  • Step 5 - Confirm your purchase amount

 

Key Takeaways

  • Shiba Inu, a famous meme coin, launched in 2020
  • The best way to invest is with a reliable crypto exchange
  • Other ways include crypto ATMs and decentralized exchanges

 

Introduction to Shiba Inu - What is SHIB?

Shiba Inu, better known by its ticker symbol SHIB, was launched in August 2020 by an anonymous entity called Ryoshi. 

Shiba Inu is an ERC-20 token that runs on the Ethereum blockchain. 

Ryoshi created this coin to experiment with the outcomes of community-driven cryptocurrency projects. 

As a result, SHIB attained global traction and surfaced as a popular payment method, whether directly or via third-party intermediaries. 

Besides, Shiba Inu earned the moniker "meme coin," often referenced as an inside joke. 

Its surge in popularity caused people to call it a "Dogecoin killer" and consider it an alternative to its meme token counterpart, DOGE.

A document termed the "woof paper," available on the ShibaToken.com website, outlines the essential concepts of the Shiba Inu ecosystem. 

This name is perhaps a lighthearted reference to the conventional "white paper." 

According to the document, Ryoshi chose to build Shiba on Ethereum because of its features and security, which guaranteed the project's decentralization.

Within the Ethereum blockchain system, Shiba Inu performs several services and uses smart contracts to facilitate transactions. 

ShibaSwap, a decentralized exchange within the Shiba Inu ecosystem, allows token swaps, liquidity provision, and reward staking. 

The ecosystem has also included Shibarium, a Layer-2 solution that increases efficiency and scalability. 

So far, the Shiba Inu project has surpassed 3 million investors globally. Shiba’s official X account also has millions of followers ready to explore the latest news.

SHIB is supported on over 100 crypto exchanges and investment platforms globally. Here’s how to buy it today. 
 
 

How To Buy Shiba Inu Coin - Step-by-Step Guide

Let’s dive deeper into the process and go through each step in detail.
 

1. Open an Account on a Reliable Cryptocurrency Exchange

Create an account on one of the best crypto exchanges with a strong reputation, strict security protocols, and an easy-to-use interface. 

Exchanges that have been on the market for several years have established their reputation among investors, so look for some of the oldest crypto exchanges out there.

Strict security, like Secure Sockets Layer (the padlock next to the web address), enforced two-factor authentication (2FA), and legal compliance are a must-have.

Additionally, your selected exchange should be easy to use with a simple interface you can manage around.

Remember, it is essential to select a platform that meets your needs. Therefore, you have to do some research and compare exchanges. 

Read our Kraken, Coinbase, and Binance reviews to explore features among different platforms.

Join different social media groups that focus on cryptocurrency investing. Find those groups on Telegram, Facebook, or Instagram, and well-known crypto communities on Reddit. 

You can also start your search by taking a look at our recommended list of sites.

Once you’ve chosen your preferred crypto platform, sign up by following the exchange’s guidelines since each of them has a unique protocol for creating an account.
 

2. Verify Your Identity via KYC

Up next is finalizing the Know Your Customer (KYC) procedure, an important process mandated by the Anti-Money Laundering (AML) policies implemented worldwide. 

AML regulations order exchanges to perform KYC so governments and financial institutions can easily investigate potential criminal activity related to crypto transfers.

Every user of a crypto exchange needs to pass the same process, which guarantees a safe crypto exchange.

Provide a government-issued ID (such as a passport or a driver’s license), proof of address (such as utility bills or bank records), and a selfie or a video verification to validate your identity.

The exchange will check your documents and compare them to the information you provided when making an account. 

It might take from several minutes to a few days, but you can rest assured that you are secure from fraudulent activities.

Plus, passing the Know Your Customer procedure lifts all deposit and withdrawal limitations and gives you access to all the features.
 

3. Select Your Preferred Payment Option

After confirming your identity through the KYC process, you can now select your preferred payment method to purchase a Shiba Inu coin.

Cryptocurrency exchanges offer a wide range of payment options, such as: 
 

  • Bank wire transfers
  • Credit cards
  • Debit cards
  • PayPal
  • Apple Pay
  • Google Pay

These guarantee accessibility and ease of use throughout the transaction process. 

To fund your account, choose a payment method that you’re most comfortable with. 

Take note of fees, processing periods, and security measures related to each method that the crypto platform offers.

Keep in mind that exchanges have different procedures for connecting a payment method. In some cases, you might have to submit documentation again, to prove your identity to a payment processor.
 

4. Start the Shiba Inu Trade

You’ve come to the vital stage where you exchange your fiat money for SHIB! 

First, you need to find the trading section or the “Instant Buy” feature on the platform of your choice. 

The trading section will have trading pairs like SHIB/BTC, SHIB/ETH, and a trading chart where you can track prices and orders. 

Here, you can set your orders (market, stop, limit) and get SHIB at a desired price.

Most exchanges and wallets also offer an instant buy option. This feature lets you buy SHIB at its current market price and you don’t have to wait for an order to fill.  

All you have to do is select SHIB from the list of available digital assets and use a connected payment method to pay.

This process is usually instant.

Before proceeding to the next step, thoroughly examine the current market state, especially the price of Shiba Inu and any of its trading pairs. 

Consider setting up price alerts or monitoring real-time market information to make well-informed decisions and maximize your strategy.
 

5. Verify Your Purchase Amount

After starting a trade for Shiba Inu and choosing the amount you would like to purchase, follow further steps. 

Check your info and numbers to ensure accuracy. 

When it comes to crypto, any inconsistency could affect the result of your transaction. 

For example, accidentally sending Shiba Inu to a Bitcoin address will result in lost SHIB tokens. This is why it's crucial to pay attention to every number you enter.

Before finalizing your transaction, review the exchange’s terms and conditions and any applicable rules or disclaimers. 

You may see a minimum or maximum amount you can purchase.

If you agree with how your order looks, you can follow the steps to finalize the purchase.

Then, the crypto platform will do its thing and trade your money for SHIB, be it a trading order or an instant buy.

After the transaction is complete, you may access and manage the tokens in your exchange wallet. This will enable you to either hold onto them and wait for the price increase, trade, or withdraw. 
 
 

Best Exchanges for Shiba Inu - Recommended Sites

Explore these top cryptocurrency exchanges for Shiba Inu purchases and consider each one's benefits, drawbacks, and reputation to make the best choice. 

Best Sites

Established in 2011, Kraken is a trusted cryptocurrency exchange renowned for its longevity and diverse trading interfaces, catering to a broad user base.

General Information

Year founded: 
2011
Coins Available: 
Bitcoin
Ethereum
Tether
Polkadot
Chainlink
Cardano
Bitcoin Cash
Litecoin
Uniswap
USD Coin
XRP
Aave
Stellar
Tezos
Curve DAO Token
Algorand
Monero
Synthetix
Dai
Filecoin
Compound
EOS
The Graph
Cosmos
Keep Network
ICON
yearn.finance
TRON
Qtum
Dash
Basic Attention Token
Zcash
Kusama
OMG Network
Waves
Nano
Dogecoin
Enzyme
Decentraland
Kava.io
Ethereum Classic
Orchid
Kyber Network
Storj
Siacoin
Lisk
Aragon
PAX Gold
Gnosis
Balancer
tBTC
Augur
0x
1inch
Aavegotchi
Acala Token
Adventure Gold
Akash Network
Alchemix
Alchemy Pay
Alien Worlds
Ambire AdEx
Ampleforth Governance Token
Ankr
APEcoin
API3
Aptos
Arbitrum
ARPA Chain
Astar
Audius
Avalanche
Aventus
Axie Infinity
Badger DAO
Bancor
Band Protocol
BarnBridge
Biconomy
Bifrost
BitDAO
Blur
Bluzelle
BitTorrent Chain
Boba Network
Bonfida
Bonk
r/FortNiteBR Bricks
Cartesi
Celer Network
Celestia
Centrifuge
Chain
Chiliz
Chromia
Civic
Coin98
Convex Finance
COTI
Covalent
Dent
dYdX
Energy Web Token
Enjin Coin
Ethereum Name Service
Euler
Fantom
Fetch.ai
Flare
Flow
Frax Share
Gala
Galxe
Gari Network
GensoKishi Metaverse
Gitcoin
GMX
Green Satoshi Token
Harvest Finance
Hashflow
IDEX
iExec RLC
Immutable
Injective Protocol
Internet Computer
Jasmy
JITO
JUNO
Karura
Keep3r BSC Network
KeeperDAO
KILT Protocol
Kin
LCX
Lido DAO Token
Livepeer
Loopring
Maker
Mango
Marlin
Marinade Staked SOL
Mask Network
Merit Circle
Mina
Mirror Protocol
Moonbeam
Moonriver
r/CryptoCurrency Moons
Multichain
MultiversX
My Neighbor Alice
MXC
NEAR Protocol
Numeraire
NYM
Ocean Protocol
Optimism
Orca
Origin Protocol
OriginTrail
Oxygen
PayPal USD
Pepe
Perpetual Protocol
Phala.Network
PlayDapp
Polkastarter
Polygon
Power Ledger
PYTH Network
Quant
Radicle
Rarible
Raydium
Ren
Render Token
Request
Robonomics.network
Rocket Pool
Rubic
Saber
Samoyedcoin
Secret
Sei
Selfkey
Serum
SHIBA INU
Shiden Network
Solana
Songbird
Spell Token
Stacks
Stafi
Star Atlas
Star Atlas DAO
Stargate Finance
Stella
Step Finance
STEPN
Sui
SuperRare
SuperVerse
SushiSwap
Swipe
Synapse
Terra 2.0
Terra Classic
TerraClassicUSD
Terra Virtua Kolect
Tether EURt
The Sandbox
THORChain
Threshold
TrueFi
TrueUSD
Unifi Protocol DAO
UMA
WOO Network
Wrapped Bitcoin
WETH
Yield Guild Games
Altair
Basilisk
Crust Shadow
Genshiro
HydraDX
Integritee
Interlay
Kintsugi
LimeWire
Nodle
Parallel Finance
Picasso
Polygon Ecosystem Token
pSTAKE
Tokemak
Wrapped Axelar
Website Languages: 
Chinese
English
Filipino
French
Italian
Japanese
Portuguese
Russian
Spanish
Turkish
Ukrainian
Vietnamese

Anonymity

As a registered US exchange, Kraken strictly adheres to KYC & AML laws, prohibiting the creation of anonymous accounts and ensuring regulatory compliance.

Reputation

With one of the best reputations in the industry, Kraken holds the distinction of being the only crypto company worldwide to secure an SPDI banking license.

Pros and Cons

Supports hundreds of coins
High liquidity
Simple and user-friendly interface
Good customer support options
Lots of advanced trading features like margin, futures, and indices trading
No insurance fund for assets on the platform
Doesn’t offer a crypto credit card
No personal wallet service for traders
Supports only a few fiat currencies

OKCoin crypto exchange is a well-established platform providing access to a variety of digital assets for traders globally, with a focus on offering fiat-to-crypto trading pairs.

General Information

Year founded: 
2014
Coins Available: 
Bitcoin
Ethereum
Tether
Dai
Stacks
Bitcoin SV
USD Coin
yearn.finance
Bitcoin Cash
Litecoin
STASIS EURO
Uniswap
Compound
Hedera Hashgraph
Polkadot
TRON
Celo
Ethereum Classic
Celo Dollar
USDK
1inch
Aave
Cardano
Adventure Gold
Algorand
Aragon
APEcoin
API3
Arweave
Astar
Cosmos
Avalanche
Axie Infinity
Badger DAO
Bancor
Blockchain Brawlers
Chiliz
Clover Finance
Crypto.com Coin
Curve DAO Token
Convex Finance
dHedge DAO
DIA
Dogecoin
dYdX
Elrond
Enjin Coin
Ethereum Name Service
Flow
Flare
Ampleforth Governance Token
Fantom
Gala
Aavegotchi
The Graph
Internet Computer
ICON
Immutable
Kadena
Kyber Network
Keep3rV1
Kusama
PlatON
Lido DAO Token
LINK
Livepeer
Loopring
Terra
Terra Classic
MAGIC
Decentraland
Mask Network
Polygon
MetisDAO
Mina
Maker
Numeraire
Harmony
Optimism
Perpetual Protocol
Phala.Network
Ravencoin
The Sandbox
Stader
SHIBA INU
SKALE Network
Smooth Love Potion
Synthetix
Solana
Spell Token
Storj
SushiSwap
Tellor
UMA
TerraClassicUSD
WAX
Wrapped Bitcoin
Wing Finance
Stellar
Nano
Tezos
DFI.Money
Zcash
Horizen
Zilliqa
0x

Anonymity

OKCoin enforces KYC verification procedures, mandating users to undergo identity verification to access trading services.

Reputation

OKCoin is recognized for its strong reputation, known for its reliable platform, liquidity, and compliance with regulatory standards.

Pros and Cons

Very low trading fees
Offers advanced trading services and features like futures and margin trading
Very high liquidity
Fiat currency deposits and withdrawals
Top level security
A lower number of cryptocurrencies on offer when compared to other big exchanges
A lower number of crypto pairs on offer
Requires level 2 verification before you can withdraw
Comes only in the English language
Fraudulent insurance claim

Binance US, launched in 2019, is a prominent cryptocurrency exchange catering to the American market with a wide array of trading pairs and advanced features.

General Information

Year founded: 
2019
Coins Available: 
Tether
Ethereum
Bitcoin
Cardano
Chainlink
Uniswap
XRP
VeChain
Binance USD
Matic Network
Litecoin
Stellar
Algorand
Compound
Elrond
Tezos
Zilliqa
Hedera Hashgraph
Binance Coin
Maker
Solana
USD Coin
ICON
Bitcoin Cash
Horizen
OMG Network
Helium
Band Protocol
IOTA
EOS
Cosmos
Basic Attention Token
Nano
Neo
Dash
Decentraland
Dogecoin
VeThor Token
Zcash
Kyber Network
Waves
0x
Harmony
Orchid
Qtum
Dai
Ontology
Ravencoin
Ethereum Classic
Augur
Storj
PAX Gold
Polygon
Polkadot
SHIBA INU
TRON
Avalanche
Filecoin
Aptos
Lido DAO Token
TrueUSD
NEAR Protocol
Quant
Internet Computer
APEcoin
The Graph
Fantom
Aave
MultiversX
Flow
Immutable
THETA
Axie Infinity
The Sandbox
Optimism
Curve DAO Token
Synthetix
Render Token
Loopring
Mask Network
Threshold
Kava Lend
Ankr
Balancer
yearn.finance
Fetch.ai
Celo
1inch
Enjin Coin
Theta Fuel
Gala
Astar
Kusama
Ethereum Name Service
Audius
SushiSwap
Golem
Kadena
Ocean Protocol
Biconomy
Alchemy Pay
FLUX
Livepeer
SKALE Network
WAX
Celer Network
Illuvium
DigiByte
Lisk
API3
Syscoin
Gitcoin
Stargate Finance
Smooth Love Potion
Ren
Numeraire
Polymesh
Request
Galxe
Cartesi
Radicle
Aragon
Bancor Network Token
Prometeus
COTI
Marlin
Spell Token
My Neighbor Alice
Loom Network
Alien Worlds
Reef
StormX
Mines of Dalarnia
Origin Protocol
Ampleforth Governance Token
LTO Network
SuperRare
League of Kingdoms Arena
DIA
BarnBridge
Clover Finance
Voxies
Alpine F1 Team Fan Token
VITE
Santos FC Fan Token
FC Porto Fan Token
Oasis Network
MIOTA
iExec RLC
Lazio Fan Token

Anonymity

In adherence to US regulations, Binance US implements robust KYC and AML procedures, requiring users to undergo identity verification and ensuring compliance with legal standards.

Reputation

Binance US has established a reputable presence in the American crypto landscape. It's known for its reliability, regulatory compliance, and commitment to providing a secure trading environment.

Pros and Cons

Very low trading fees
Lots of educational resources available
So fast that it processes 1.4 million orders per second
High liquidity to customers
Attention to security, and constant innovation
Not available in some US states
Fewer crypto to crypto pairs than other exchanges
Lengthy identity verification process
Parent company was hacked in 2019
Limited selection of crypto assets

The Crypto.com mobile app is a feature-rich platform that provides users with a convenient and user-friendly way to manage their cryptocurrency assets on the go. Offering a seamless experience, the app allows users to buy, sell, and trade a variety of cryptocurrencies.    

General Information

Year founded: 
2016
Coins Available: 
Cronos
USDP Stablecoin
0x
Aavegotchi
Algorand
Basic Attention Token
Chainlink
Chromia
COTI
Enjin Coin
Kyber Network
NEAR Protocol
Oasis Network
OG Fan Token
OMG Network
Origin Protocol
PAX Gold
Polkastarter
Raiden Network Token
THETA
TomoChain
TrueUSD
USD Coin
XRP
Bitcoin
DIA
Ethereum
Holo
Litecoin
Stacks
Boson Protocol
Coin98
Casper
JOE
Convex Finance
Band Protocol
Radicle
Filecoin
Flow
Polkadot
ARPA Chain
Balancer
Kadena
Perpetual Protocol
Dogecoin
Gala
UMA
Wrapped Bitcoin
UNICORN Token
Serum
yearn.finance
Jasmy
Covalent
Bancor
XYO
Curve DAO Token
Badger DAO
Loopring
Ethereum Name Service
Ontology
Kusama
Power Ledger
Ethereum Classic
Ren
Waves
Storj
BigONE Token
Theta Fuel
Biconomy
Dash
Tether
Orchid
Ravencoin
VeThor Token
Gods Unchained
Komodo
Zilliqa
Anyswap
Ark
Chiliz
TrueFi
Ardor
Solana
Stratis
Livepeer
Hedera Hashgraph
Nano
Amp
SuperCoin
Lisk
Enzyme
Golem
Helium
API3
Ontology Gas
Klaytn
Arweave
Qtum
Keep Network
Render Token
ICON
Mina
Neo
Bonded Finance
Stellar
Cardano
Quant
IDEX
Bitcoin Cash
Mask Network
Keep3rV1
VeChain
Siacoin
BiFi
Tezos
Cosmos
Augur
Waltonchain
IOST
EOS
Polymath
Maker
NuCypher
Gitcoin
Dai
Ocean Protocol
Aave
Decentraland
Rally
Ankr
Fetch.ai
QuickSwap (Old)
Avalanche
Celer Network
Bluzelle
Binance Coin
Reserve Rights
Nervos Network
The Graph
My Neighbor Alice
Contentos
Compound
Harvest Finance
aelf
Synthetix
PLANET
Marlin
SKALE Network
Orion Protocol
Numeraire
Frax Share
IRISnet
SushiSwap
Kava.io
NKN
IoTeX
Paxos Standard
THORChain
Yield Guild Games
HUSD
Ampleforth
Tribe
Gemini Dollar
1inch
Request
Audius
The Sandbox
WAX
Axie Infinity
Adventure Gold
Cartesi
Venus
Paris Saint-Germain Fan Token
iExec RLC
BakeryToken
Injective Protocol
PancakeSwap
Juventus Fan Token
Tellor
SHIBA INU
AS Roma Fan Token
Internet Computer
Atletico De Madrid Fan Token
Binance USD
DigiByte
MovieBloc
Fantom
Aergo
APEcoin
Alchemix
Alpha Finance Lab
Reef
Crypterium
WEMIX
Aurora Chain
Measurable Data Token
ChessCoin
Kryll
FLUX
Akash Network
Rarible
Lido DAO Token
FC Barcelona Fan Token
Status
Unifi Protocol DAO
Wootrade
MXC
Metis
Alchemy Pay
Gnosis
CUDOS
Terra Classic
Stox
Polygon
Harmony
Everipedia
XSGD
MultiversX
Efinity Token
Illuvium
Raydium
dYdX
Shiden Network
Safepal
Moonriver
BENQI
Immutable
Dogelon Mars
Pendle
VVS Finance
Mines of Dalarnia
Spell Token
Vulcan Forged PYR
Smooth Love Potion
Songbird
Boba Network
IQ
AC Milan Fan Token
Chia
Ellipsis (Old)
Ellipsis
Acala Token
Qredo
Merit Circle
Astar
Voxies
Splintershards
SuperRare
Optimism
Xeno Token
Zebec Protocol
AIOZ Network
Highstreet
Ooki Protocol
Stargate Finance
Minted
Gomining
GMX
Aptos
Osmosis
TrueAUD
TrueCAD
TrueGBP
Argentine Football Association Token
SC Corinthians Fan Token
Universidad de Chile Fan Token
HoDooi.com
Radar
DappRadar
Tectonic
DeRace
MM Finance
Step App
Ferro
ZED Token
Moonbeam
Nanomatic
Retawars GoldRose Token
ScarpaCoin
Website Languages: 
Chinese (Mandarin)
Hungarian
Romanian
Taiwanese
Spanish
Russian
French
Italian
Portuguese
Danish
Indonesian
Polish
Turkish
Vietnamese

Anonymity

Crypto.com requires ID verification to comply with Know Your Customer (KYC) regulations. Plus, If you buy cryptocurrencies with a credit or debit card on Crypto.com, the transaction may be associated with your card details and identity.

Reputation

Crypto.com has generally maintained a positive reputation in the cryptocurrency industry. It has gained credibility by adhering to security standards, obtaining necessary licenses, and implementing features to protect user funds.    

Pros and Cons

Extensive list of supported cryptocurrencies
Hardware wallet support
With its Visa cards, you can spend your crypto and earn rewards
Easy to purchase NFTs on the platform using either fiat or certain cryptos
Higher fees for those who don't hold and use CRO
Poor customer service
Lack of educational resources
Slow in-app live support

Coinbase, a major player since its inception in 2012, is a user-friendly cryptocurrency exchange offering a secure platform for buying, selling, and managing a variety of digital assets.

General Information

Year founded: 
2012
Coins Available: 
Bitcoin
Ethereum
Dogecoin
Tether
Cardano
Polkadot
Bitcoin Cash
Litecoin
Solana
USD Coin
Avalanche
SHIBA INU
Crypto.com Coin
Wrapped Bitcoin
Uniswap
Chainlink
Polygon
Algorand
Stellar
Axie Infinity
Decentraland
TerraUSD
Filecoin
Ethereum Classic
Cosmos
Dai
Tezos
The Graph
EOS
Aave
Loopring
Maker
Enjin Coin
Quant
Chiliz
Zcash
Amp
Dash
Compound
Celo
IoTeX
Curve DAO Token
Basic Attention Token
OMG Network
yearn.finance
SushiSwap
Horizen
Livepeer
Voyager Token
UMA
Ankr
Perpetual Protocol
Synthetix
Bancor
0x
Paxos Standard
Ren
XYO
SKALE Network
Storj
1inch
OriginTrail
Fetch.ai
NuCypher
Polymath
Cartesi
Function X
Numeraire
COTI
NKN
Civic
Orchid
iExec RLC
Badger DAO
Band Protocol
Gala
Rally
PlayDapp
Keep Network
Rari Governance Token
Alchemy Pay
TrueFi
Augur
Orion Protocol
Mirror Protocol
Request
Enzyme
ARPA Chain
LCX
Balancer
DFI.Money
BarnBridge
DerivaDAO
Ampleforth
Tellor
Rarible
district0x
Assemble Protocol
SUKU
Harvest Finance
Kryll
Bounce Token (Old)
mStable USD
Kyber Network
Internet Computer
Origin Protocol
Powerledger
Ethereum Name Service
Jasmy
Tribe
Braintrust
Mask Network
Alchemix
Radicle
Adventure Gold
Clover Finance
QuickSwap (Old)
Gitcoin
Rai Reflex Index
GYEN
Wrapped LUNA
Wrapped Centrifuge
Media Network
BitDAO
Vara Network
Liquid Staked ETH
Wrapped Ampleforth
Binance Coin

Anonymity

Committed to regulatory compliance, Coinbase adheres to strict KYC and AML protocols, necessitating user identity verification and preventing the establishment of anonymous accounts.

Reputation

With a solid reputation, Coinbase is widely recognized for its reliability, ease of use, and regulatory adherence. As a publicly traded company, it holds a position of trust in the cryptocurrency market.

Pros and Cons

Low minimum deposit
Offers a variety of assets
Fast crypto withdrawals
Lists smaller assets before other big exchanges
User-friendly interface with intuitive design
Higher fees than some other exchanges
Support not available on bank holidays
Controls customers' private keys
Restricted to many countries
Doesn't offer many advanced services

AscendEX is a global cryptocurrency exchange offering a wide range of trading pairs, futures contracts, and investment opportunities.

General Information

Year founded: 
2018
Coins Available: 
Bitcoin
Ethereum
Bitcoin SV
Chainlink
EOS
Cardano
NEM
Cosmos
Binance Coin
Bitcoin Cash
0x
Huobi Token
TRON
Algorand
VeChain
Ontology
Fetch.ai
Zilliqa
Basic Attention Token
Serum
Ethereum Classic
IOST
Zcash
Tezos
Polygon
Qtum
Dogecoin
Ravencoin
aelf
Harmony
Nervos Network
FIO Protocol
Wootrade
Dash
Centric Cash
Polkadot
Walken
BitTorrent
THORChain
Router Protocol
1inch
Akash Network
Stafi
XCAD Network
Terra Virtua Kolect
Ultra
Frontier
USDX [Kava]
Persistence
Casper
Kira Network
HAPI Protocol
Solana
ECOMI
Kava.io
Neo
HARD Protocol
CoinEx Token
Geeq
Synchrony
Ternoa
Fantom
Hathor
Ariva
Waves
Port Finance
Verasity
Concordium
Zebec Protocol
BEPRO Network
Uniswap
PolkaFoundry
Swingby
Radiant Capital
ZeroSwap
Prom
WINkLink
Curve DAO Token
Loopring
Decentraland
PancakeSwap
Gnosis
TrustSwap
Avalanche
Connect Financial
Pluton
Autonio
Aptos
Fuse Network
Filecoin
eCash
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Website Languages: 
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Anonymity

Users are required to complete a Know Your Customer (KYC) verification process to comply with regulatory requirements and ensure the security of the platform.

Reputation

This exchange has built a reputation for being a reliable and secure cryptocurrency exchange platform. It is known for its robust trading infrastructure, a diverse range of supported assets, and commitment to providing a safe trading environment.

Pros and Cons

Ascendex native token
Offers advanced features and services like margin, futures and options
Lots of coins and pairs on offer
Lots of fiat currencies for trading
Low fees on different levels
High minimum deposit
No insurance cover for users' assets
No phone support
No demo accounts
No copy trading

DisclaimerThe information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.
 

Pay Attention to This Before Registering on an Exchange

Before creating an account on a cryptocurrency exchange, consider the following:
 

  • License: Verify the exchange’s license and make sure it is still in effect. This indicates it is operating legally and in compliance with the law
  • Wallet safety: Evaluate the security protocols implemented by the exchange to protect users' funds. Look for features like encryption techniques or cold storage
  • Commission and fees: Excessive fees have a substantial effect on your trades and holdings. Choose an exchange with reasonable charges that are in line with your investing expectations
  • Reputation: Look for user opinions, ratings, and comments. A good reputation means dependability, credibility, and happy customers, whereas a bad reputation could point to hidden problems

Exchanges like KuCoin and Uphold are great examples of security and established reputation. 

Regardless of the safety of the exchange, you'll want to move your funds to a personal wallet for added safety.

Read our Ledger and Trust Wallet reviews to discover secure crypto wallets.
 

Other Ways You Can Buy Shiba Inu

Do not worry if cryptocurrency exchanges are not your thing! 

There are still other ways to buy crypto like Shiba Inu without using an exchange. Some of these methods include:
 

  • P2P platforms
  • Bitcoin ATMs
  • PayPal

 

P2P Platforms and Decentralized Exchanges

Peer-to-peer (P2P) trading platforms and decentralized exchanges (DEXs), enable direct communication between users. These give users the ability to engage in cost negotiations and payment options. 

By doing business this way, buyers and sellers can interact directly without the need for middlemen. 

Users establish offers to buy Shiba Inu in this decentralized framework and determine the terms and conditions. 

When parties discover a match, they communicate directly, increasing transparency and speeding up the processing of requests. 

P2P services are in high demand, and several platforms have responded by offering customers safe and effective spaces to trade SHIB.

P2P platforms utilize escrow services, while DEXs use smart contracts to manage transactions. 
 

Bitcoin ATMs

Bitcoin ATMs are self-serve physical kiosks that allow users to purchase and sell crypto.

You can find these in popular outdoor areas like malls.

To use a Bitcoin ATM, insert a credit or debit card and exchange your fiat currency for BTC at the ATM. 

Then, transfer the Bitcoin you purchased into your wallet and exchange it for Shiba Inu.

If the ATM happens to support Shiba Inu, then you can purchase SHIB with fiat and get it to your Shiba Inu wallet address.
 

PayPal

You can use your PayPal balance, a bank account, or a debit card connected to PayPal to purchase crypto and then withdraw it and exchange it for SHIB. 

If you are using the website, go to “Finances” and press “Purchase”. 

Then, click “BTC” and select a frequency and amount (daily, weekly, biweekly, or monthly). 

One-time will be the default frequency. After that, select your preferred payment option, hit “Next”, and press "Purchase Now."

To buy Bitcoin via the app, click “Finances.” Then, press "Buy." 

Select a frequency and amount (daily, weekly, biweekly, or monthly). 

One-time will be the default frequency. 

Next, choose a start date and press “Confirm”. Verify your chosen amount and click “Next”. 

Then, select your payment option and hit “Next”. 

Lastly, select "Authorize" and "Schedule."

Remember, this will get you Bitcoin, so you’ll have to move it to an exchange and swap it for Shiba Inu. 

The easiest way to do this is to find a BTC/SHIB trading pair or use a wallet like Crypto.com where you can easily swap one crypto for another.
 

 

 

Why Trust Us?

Our approach is straightforward: we actively employ research to keep up with SHIB's landscape. 

When we talk about buying or selling SHIB, we're not just talking; we've really completed deals and acquired helpful expertise. 

Our unwavering conviction backs every recommendation we make, and we only endorse strategies and platforms that meet our standards. 

Since ethics and openness motivate us, you can rely on us to provide you with unbiased advice. 

At Cryptomaniak, our goal is to provide you with the knowledge and confidence you need to buy Shiba Inu coins and make informed decisions.

Frequently Asked Questions

Can I Buy Shiba Inu Coin With Other Cryptocurrencies?

Of course! The cryptocurrency community is accustomed to purchasing Shiba Inu coins with other cryptocurrencies. Many exchanges support Shiba Inu trading pairs. Use the exchange to deposit your preferred cryptocurrency—such as Bitcoin or Ethereum—and use it to purchase SHIB. 

Are There Any Restrictions or Requirements for Buying Shiba Inu Coins?

Yes! Keep in mind these limitations and prerequisites before purchasing Shiba Inu. For any cryptocurrency to be legally purchased, you must be at least 18 years old. For precise trading requirements, consult your country's regulations. Seeking advice from a financial expert or attorney is a good move. Exchanges may also have eligibility requirements, such as KYC procedures. 

What Are Some Potential Risks of Investing in Shiba Inu Coin?

One crucial issue that could cause losses if not constantly watched is market volatility. Regulatory changes may also impact its SHIB price movement. When investing in cryptocurrencies, do your homework and be on the lookout for any scams or fraudulent activity.

What Documents Do I Need to Buy Shiba Inu Coins?

You'll need a legitimate identity document from the government, such as a passport or driver's license. This is required to confirm your identification and guarantee that Anti-Money Laundering laws are being followed. You may also be asked to present proof of address, such as a utility bill or bank statement. For additional verification, many sites could ask for your tax identification number or social security number. 

Is It Safe to Invest in Shiba Inu Coin?

It is important to proceed with caution even though Shiba Inu coin has grown in popularity and is seen as a relatively safe option in the cryptocurrency market. The stability of SHIB can be attributed to its strong community and solid security protocols. Like with any investment, careful planning, keeping up with market developments, and portfolio diversification are crucial to reducing risks.

Written by

Rica was a local news writer in the Philippines from 2011 to 2019. During the 2020 COVID pandemic, she fell in love with cryptocurrency and expanded her writing expertise to blockchain, NFTs, Web3, and FinTech. She is also well-versed in the financial markets, specializing in daily market news and price predictions. When she’s not writing, you’ll find her singing and dancing to K-Pop music!

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