Shiba Inu Cryptocurrency: Wondering how to buy Shiba Inu Coin and where to buy Shiba Inu Coin crypto in India? According to their official website of this coin, the Shiba Inu Token (SHIB), is an experiment in decentralized spontaneous community building. The creators of this token have created it from inspiration from Dogecoin. However, the creators of Shiba Inu aim to make SHIB more than just a joke. The SHIB Token is an ERC-20 compatible with the Ethereum network. The Shiba Inu has been called ‘Dogecoin Killer’ by its community. This cryptocurrency has quickly gained worldwide attention, in part because of the rising popularity of Dogecoin.
However, people should be wary of coins like these. Over the past few months, many coins like Safemoon, SafeGalaxy, and other coins have been made and pumped. However, these coins were very obvious pump and dump coins that left a lot of losses for a lot of people. These coins are made to make quick profits and exit the markets. While the creators of Shiba Inu haven’t given any indication that Shiba Inu is one of these ‘Get rich quick’ coins, people should be wary and diligent before investing in any coin that is rising in price just because it’s going viral.
How to buy Shiba Inu Coin in India?
As per the official website, the Shiba Inu Coin can only be bought from the Uniswap platform. In order to buy the Shiba Inu coin, investors will have to create digital crypto wallets and connect them to the Uniswap platform.
- Download the app, Trust Wallet
You can download Trust Wallet from this Link. Then signup to create a new account (if not already created).
- Purchase ETH
Either purchase ETH directly on the Trust Wallet app, OR
Download the (downloading from this link will give you 10% extra on trade) Binance app (Use Referral Code: KZUUUGJ2), create a new account (if not made already). Purchase ETH there and transfer it to the wallet of Trust Wallet (Withdraw ETH to your Trust Wallet address).
- Go to the DApps tab at the bottom, and find UniSwap and click on it.
Note: iPhone users may need to enable the trust browser, then use the browser tab.
- Buying Shiba Inu
Select ETH on the above “Select a currency” option.
In the below “Select a currency” option, and search for “Shiba Inu“.
Before swapping, click on the cogwheel option shown above and set the slippage according to the price you want.
Now, set the amount you want to purchase and press the “Swap” button.
Confirm the transaction in the next option by pressing approve you will get Shiba Inu installed in your wallet/portfolio.