Appeared in 2020, Shiba Inu quickly became one of the largest cryptocurrencies in the world, which is really impressive for a memecoin. While it has lost most of its value since, it still remains a well-known token with an extremely high market cap, so many investors consider including the coin in their crypto portfolios. In this article, we explain how Shiba Inu was created, why it’s still popular, and how you can purchase it online through a reliable exchange.
What is Shiba Inu
Shiba Inu was launched in the hope of repeating the success of Dogecoin, the original memecoin. But while the token has actually managed to overtake DOGE for a while, today it has a bit smaller market cap than its rival. SHIB works on the Ethereum blockchain with the ERC-20 standard. There are about 5 trillion coins in circulation, and the total token supply amounts to 10 quadrillion. It uses the Shiba Inu dog breed as its mascot and actually relies heavily on attracting people to the project with memes.
SHIB has lost most of its value since the peak of its popularity, but now the price is relatively stable. A number of experts expect it to grow in the future, so many investors purchase some amount of Shiba Inu for their portfolios. However, you should definitely know where to buy Shiba Inu coin without huge fees to make such an investment somewhat profitable. That’s why we’ve arranged this list of reliable exchanges that offer SHIB to their users.
An extremely popular international crypto exchange, ByBit is a great place to buy SHIB. You can also stake it here, and the novice-friendly interface makes all operations very easy. The exchange allows you to use debit or credit cards, and there are also P2P trading options. ByBit is known to be notably stable even during periods of active trading.
This online exchange is another great option when you’re looking to buy SHIB. Signing up is easy, so you can start trading right away, and the mobile app allows you to make traders in a few taps. There are also all kinds of additional features like a free e-wallet, and the fees are quite modest.
Kraken is yet another option for those who really care about trading fees. With just 0,26% for market takers, this exchange is definitely worth a try. It’s also known for its unmatched security: unlike many other crypto platforms, Kraken has never been hacked yet.We also recommend that you familiarize yourself with other authors and financial experts, for example – Mikhail Vnuchkov.