How You Can Buy Shiba Inu in the UK

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The Shiba Inu coin is one of the new altcoins that was already launched in August 2020. Already with the logo you can see the clear similarity to Dogecoin - and not without reason. Shiba Inu was also developed as a "fun currency" and wants to compete with Dogecoin. Shibu Inu is considered an offshoot of Dogecoin, which has grown significantly in recent weeks. Even the mascot of Shiba Inu almost resembles that of Dogecoin and tries to hold a candle to it. But will Shiba Inu succeed in doing so? Should one buy Shiba Inu now?

As an investor, you naturally ask yourself the questions: What exactly is Shiba Inu? How does it work? Where can you buy Shiba Inu? What does the price of the cryptocurrency look like? And what about the forecasts? We took a closer look at the DeFi project.

Shiba Inu

Buy Shiba Inu: What should you look for to buy Shiba Inu cheap & safe?

The Shiba Inu coin has gained 12,689.46% in the last month. The joke currency, which wants to share in the fame of Dogecoin, is already the talk of the town. The following points should be taken into account when buying Shiba Inu so that nothing goes wrong:

    Where is the best place to buy Shiba Inu ? At the moment there is no broker who offers Shiba Inu. However, due to its rapidly increasing popularity, the coin will soon be available on eToro.
    Do I want to hold Shiba Inu for the long term or trade it actively? That depends on your own trading strategy.
    How does a Shiba Inu wallet work? eToro offers a simple integrated wallet.
    Is it worth investing in Shiba Inu? Although Shiba Inu has only been on the market since August 2020, it is already enjoying great popularity. Whether the offshoot of Dogecoin will now catch on remains to be seen - but an investment could certainly be worthwhile.

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What is Shiba Inu?

What is Shiba Inue

SHIB calls itself a "decentralised meme coin" and joins Safemoon, Dogelon, Dogecoin and NFTs. The value of digital currencies and artworks is being redefined in the face of the increasing prevalence of monetary value for meme culture.

Shiba Inu aims to become the "Dogecoin killer" and has seen nearly $13 billion in trading volume in the last few days alone (as of 14 May 2021) as traders flocked to buy the coin.

To put this in perspective, the coin price of Shiba Inu has risen dramatically by 12,689.46 per cent in the last 30 days.

The coin's tokenimics are unusual: 50% of the total supply is burnt in Vitalik Buterin's wallet. Buterin is the founder of Ethereum and a trusted and respected figure in the crypto community. The move may have been made to allay fears that this project would see developers pump the price, dump their holdings, turn a profit and abandon the company, leaving holders with worthless wallets.

In line with the dog theme, the Shiba Inu platform plans to launch a DeFi-based BONE currency in the coming future, as well as artwork on NFT marketplaces and donations to charities to save Shiba Inu dogs.

What are Shiba Inu CFDs?

With cryptocurrencies, as with other financial instruments, one has the option of either buying real coins or in the form of CFDs. Although you will not acquire the cryptocurrency yourself, you can bet on the price trend.

CFDs are, after all, independent financial products that only use certain underlying assets as a price benchmark. Theoretically, with these contracts for difference, you acquire a right to buy or sell the asset. As a result, the resulting gap between the purchase price and the selling price is taken as a profit or loss. Thus, a Shiba Inu CFD is also an all-or-nothing transaction.

Broker and exchange in one: eToro

Our recommendation: Buy cryptos with eToro

    Incl. wallet
    Buy and sell cryptocurrencies directly in the wallet
    Paypal, credit card and instant bank transfer
    Regulated provider
    Real cryptos or CFD trades

Buy Shiba Inu as a CFD or real cryptocurrency?

Shiba Inu CFD Trading

Pros

  •    Fee advantage when trading
  •     Regulated by the state and subject to deposit protection: you are protected against hacks and attacks
  •     No complicated set-up of a custody account required
  •     Trading with leverage

Cons

  •    No "real" coins
  •     Fee disadvantage for long-term investors
  •     Risky investment: large losses possible in the case of leveraged (leveraged) trading

"Real" Shiba Inu trade

Pros

  •    Ownership of real Shiba Inu Coins that you can manage yourself
  •     Additional wallet allows you to buy, sell or exchange cryptocurrencies
  •     Steep learning curve

Cons

  •    Vulnerable to hacks and cyber attacks
  •     You are responsible for managing coins yourself
  •     You often need an additional wallet for storage

With crypto CFD brokers, you can trade cryptocurrencies without actually owning them. This is advantageous for the reason that you do not have to worry about storage with a crypto wallet.

At this point, we must once again recommend our test winner broker eToro: At eToro it is possible to trade crypto CFDs with leverage as well as to buy real cryptocurrencies and store them in the integrated eToro Wallet. In addition, with eToro you have an integrated wallet right at your fingertips - so if you want to buy real coins, you don't have to worry about that.

Buy or sell Shiba Inu? Our pros & cons analysis:

Pros:

  •    New cryptocurrency
  •     Self-proclaimed "Dogecoin killer"
  •     Great interest
  •     High growth potential due to DeFi projects

Cons:

  •    Project not yet widely presented
  •     Still rather unknown project
  •     Dogecoin is still more popular

Shiba Inu course: Important moments in the course of Shiba Inu (SHIB)

Shiba Inu course

August 2020: Shiba Inu enters the mainnet, the price is still trading at under EUR 0.000000001.
    20 April 2021: Shiba Inu reaches its all-time high after Elon Musk also tweeted that Dogecoin was overbought and there was far too much of it. The price rises to EUR 0.000003886.
    11 May 2021: Shiba Inu reaches a new all-time high and rises to EUR 0.00003871, but the price corrects shortly afterwards to EUR 0.00001622.

How much are the fees when buying Shiba Inu?


Currently, Shiba Inu is not yet available on eToro. However, due to the high popularity, we assume that the coins will soon be available. The fee table is intended to show how much it will cost to buy Shiba Inu as soon as the cryptocurrency is added to the range on eToro:

    We buy €1,000 worth of Shiba Inu (SHIB).
    We hold our coins for 30 days and then sell again
    For simplicity's sake, we assume that the price does not change during the 30 days.

With these assumptions, we now go through the fees of the largest providers:

Provider    

etoro

coinbase

Plus500

Deposit    

free of charge

3,99%

free of charge

Purchase fees

2,45%

1,49%

3,08%

Holding fees

free of charge

free of charge

0,05%

Selling fees

2,45%

1,49%

3,08%

Payment

5 USD

0,15 USD

1,9%

Total fees

53,20€

68,24€

92,32€

Buy Shiba Inu with or without a wallet?

In general, a wallet is always the safest place to store cryptocurrencies. If the coins and tokens are stored on an exchange instead, it can happen that you lose access to them - for example in the event of a hack attack or if a broker becomes insolvent.

Using a wallet is not necessarily more complicated than using the usual exchange platforms. A wallet is therefore recommended in any case.

However, the use of a wallet is not mandatory for trading with Shiba Inu. Since Shiba Inu is currently in particularly high demand and gaining in popularity, the coins will most likely soon be available via eToro. There you have the advantage that you do not need your own wallet, as this is already integrated into eToro. Moreover, one can additionally download the eToro Wallet, which allows cryptocurrencies to be sent, received and exchanged into FIAT money.

Those who are interested in a wallet, however, can get more information on wallets in our crypto wallet comparison. However, if you want to invest in Shiba Inu (SHIB) CFDs instead of buying the coins, you don't need a wallet for this. All you need to do is register with eToro and invest in the relevant CFDs there.

Buy Shiba Inu Paypal: Where can you buy Shiba Inu with PayPal?

Paypal unfortunately plays only a very minor role on the exchanges, which has to do with the company's guarantee regulations. Many brokers refrain from using Paypal, although it is one of the most convenient payment methods. Fees are only incurred with Paypal, for example, if you top up your Paypal account via credit card instead of via SEPA or an instant transfer. In this case, a flat fee of 0.35€ is charged for the transfer, as well as a 1.9% fee on the amount sent.

Paypal offers one of the simplest payment methods on the internet, and not only that: also one of the cheapest. Paypal, on the other hand, is available as a payment method at eToro. As soon as Shiba Inu has been added to eToro's range of products, you can conveniently fund your customer account with Paypal in order to then either buy Shiba Inu Coins or invest in Shiba Inu CFDs.

Paypal

Does it make sense to invest in Shiba Inu? Which cryptocurrency is the best investment?

Currently, it is not possible to purchase Shiba Inu's tokens through crypto exchanges other than on its own platform. However, due to the rising popularity of DeFi projects, we assume that most brokers will soon offer Shiba Inu Coins as well. However, if you want to look into other cryptocurrencies in the meantime, there are quite a few to choose from. Here are some of our alternatives:

Alternative 1: Opportunities in cryptocurrencies.

Those looking to invest in cryptocurrencies are, of course, spoilt for choice. The most popular alternatives to Shiba Inu are:

    Buy Bitcoin: The top dog among cryptocurrencies is considered by many to be the "digital gold" and one of the most stable cryptos in terms of value.
    Buy Ripple: Ripple has emerged as one of the most popular cryptocurrencies in recent months.
    Buy Ethereum: Ethereum is the go-to solution for smart contracts and remains the second most popular cryptocurrency out there.

Alternative 2: Crypto stocks

Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have been able to post strong profits so far. So those who do not only want to trade cryptocurrencies can also profit from shares. And those who want to diversify their portfolio and trade in cryptocurrencies and stocks can do so conveniently via eToro.

    Bitcoin shares: If you think that Bitcoin will outperform Shiba Inu, Bitcoin shares are a good alternative.
    NVIDIA shares: NVIDIA produces important graphics chips especially for mining - if the crypto boom continues, NVIDIA is certainly a good investment.

Shiba Inu Trading - Should you hold Shiba Inu for the long term or trade for the short term?

Whether you want to hold Shiba Inu for the long term or trade it for the short term depends on your own trading strategies and risk management. Currently, many analysts advise investing in Shiba Inu in the short term, as the cryptocurrency is very promising and the cooperations also have a very positive influence on the price development. Shiba Inu has posted a whopping gain of 2,086,853.28% since its market launch - but we still advise short-term trading, as the currency is still hardly known.

Of course, you can also trade Shiba Inu in the long term - but this is only worthwhile when the major crypto exchanges have included the tokens in their range. So at the moment, it's still a case of wait and see.

Buy Shiba Inu at bitcoin.de, coinbase, binance, Bison & Comdirect - Why we recommend eToro as an alternative:

Shiba Inu is not currently offered on any exchange, except the Shiba Inu platform itself. However, due to the increasing demand for cryptocurrencies, it is quite conceivable that Shiba Inu will be offered on other crypto exchanges.

However, if you want to trade the coins or speculate on their price movements, we definitely recommend a secure and intuitive crypto exchange. And here you should pay particular attention to the conditions.

In our big crypto exchange comparison, we were already able to determine a clear test winner: eToro. eToro offers a modern platform for beginners and advanced traders, as well as an in-house app and an integrated wallet. So if you don't want to buy or set up an additional wallet, eToro is the best place to be.

Can Shiba Inu be bought offline?

Shiba Inu are the tokens of the blockchain platform Shiba Inu and are also issued there. Since Shiba Inu is a digital currency, it cannot be bought offline.

To buy Shiba Inu, you need a good crypto exchange and, if you want to be on the safe side, a wallet. However, the currency must be bought with an existing internet connection.

If you want to store the currency offline, you can buy a hardware wallet.

Buy Shiba Inu anonymously possible?

At the beginning of cryptocurrencies, it was indeed possible to buy coins anonymously. But this was only possible in a roundabout way.  In the meantime, it is no longer easy to be truly anonymous when buying cryptocurrencies. In fact, if you take a closer look, you have to say goodbye to anonymous buying.

There are only really reputable platforms that allow the purchase of cryptos that ask for the user's data. If you find a trading platform that does not do this, you are already in a grey area. But then you can also quickly fall for a scammer and lose your cash, but you haven't received any coins. In this respect, you should pay attention to priorities.

We recommend the safe and reputable Shiba Inu purchase at the online broker eToro instead of 100% anonymity. The lack of anonymity ensures the safety of all parties involved.

Can I buy Shiba Inu without verification?

If you want to trade cryptocurrencies, you cannot avoid verification at a crypto exchange. This is for your own protection and also for the protection of the exchange and the participants. After all, you want to trade with real people who have verified themselves. When you register on eToro, the verification process is quick and uncomplicated.

Can I buy Shiba Inu without registering?

If you want to buy Shiba Inu, the easiest way is with a crypto broker.  In any case, however, registration is necessary. This offers protection and security at the same time for investors and the exchange. Shiba Inu is not yet tradable at our test winner eToro, but we assume that it will soon be included in the range. You can then either buy real coins or bet on their price movements (via CFD trading).

How to sell Shiba Inu again: Our guide for eToro

Once Shiba Inu is found in eToro's offering, you can easily buy and resell the cryptocurrency there. The steps here are similar to those for buying the cryptocurrency.

Step 1: Log in

The first step is to log in to your eToro account as usual. You can do this either via your computer or via your smartphone or tablet. You can also log in via the app to sell Shiba Inu. So you have several options.

Step 2: Select Shiba Inu

The next step is to click on your portfolio. There you will find all the assets you have invested in on eToro.
Once you have clicked on the portfolio, you will receive a list of all financial instruments. Select Shiba Inu (SHIB) and click on Sell on the right-hand side. 3.

3. sell Shiba Inu

As soon as you have clicked on Sell, a window appears again, as when buying the cryptocurrency. Here you can decide between an order and a trade. Then you enter the amount and click on Open Trade or Place Order. In addition, you can make further settings, such as the amount at which the position is automatically closed.

Buy Shiba Inu (SHIB) Conclusion - Our recommendation:

Shiba Inu is described as an offshoot of Dogecoin - and dubs itself a Dogecoin killer. The joke currency, which resembles Dogecoin even in its mascot, was launched in August 2020 and increased its value by 12,689.46% in the last month alone (May 2021). Shibu Inu is looking to expand its platform in the future to also offer NFT tokens. It also plans to introduce another token, the BONE coin.

Although Dogecoin is still ahead, the project behind Shibu Inu sounds promising. Accordingly, the interest is great.

As soon as Shiba Inu is available at eToro, an investment could be worthwhile. eToro is our test winner of the crypto exchanges and can score points above all with low fees, its own app and the social trading function.

Cryptoscene

Our recommendation: Buy cryptos with eToro

    Incl. wallet
    Buy and sell cryptocurrencies directly in the wallet
    Paypal, credit card and instant bank transfer
    Regulated provider
    Real cryptos or CFD trades

FAQ

How to buy Shiba Inu?

The real Shiba Inu purchase works either via the platform itself or soon also via crypto exchanges like eToro. Only here can you get real coins. For those who only want to trade and have little interest in actual tokens, CFD crypto brokers such as our test winner come into question.

What is the difference between a broker and a stock exchange?

Brokers allow you to trade in the values via CFDs or options. On an exchange, you exchange currencies with other market participants. In order to be able to decide on a provider, Kryptoszene.de has compiled important assistance by comparing the best crypto exchanges.

Will the Shiba Inu value increase in the future?

The Shiba Inu price could rise rapidly recently. Due to the high popularity of DeFi projects, the upward trend is currently unstoppable. Further increases in value cannot be ruled out.

Can I use my Bitcoin wallet for Shiba Inu?

This should be considered in advance when choosing a digital wallet. Not all wallets support multiple cryptocurrencies. Certain platforms already offer an online wallet. However, there are also very secure hardware wallets that support both Bitcoin and Shiba Inu (SHIB).

How do I find Shiba Inu on an exchange?

Shiba Inu has the abbreviation Shiba Inu. At present, one has to wait until Shiba Inu is included in the range of Exchanges. As a rule, this will probably not take long. As soon as this happens, you can find the cryptocurrency under its abbreviation on the exchange of your choice.

Buying Shiba Inu at eToro: A good idea?

eToro is one of the most popular trading platforms currently available on the market. The provider can convince above all with low fees, a large selection of financial instruments and a modern platform. In addition, eToro is particularly known for its social trading function. Furthermore, you do not need a separate wallet for the (future) purchase of Shiba Inu on eToro, because eToro offers an integrated wallet for cryptocurrencies by default.

Hi, my name is Benzion. I have twelve years of experience in the Forex industry, and I have launched two successful crypto trading services. I have in-depth experience on several blockchain networks like Bitcoin, Etheruem, EOS, Cardano, Hyperledger, ICON, Komado, etc. I also have in-depth knowledge of blockchain techniques, including various consensus mechanisms, DLT, smart contracts, security, and privacy measures. Benzion Friedman