The Shiba Inu Token (SHIB), often dubbed the "Dogecoin Killer," has surged in popularity due to its meme-inspired appeal and explosive price growth. This guide provides step-by-step instructions for purchasing SHIB on Crypto.com and Binance, two leading cryptocurrency exchanges.
What Is Shiba Inu Token (SHIB)?
SHIB is a decentralized meme cryptocurrency built on the Ethereum blockchain (ERC-20). Designed as a community-driven experiment, it aims to rival Dogecoin while remaining accessible with its ultra-low price per token.
"SHIB is an experiment in decentralized spontaneous community building... Nicknamed the DOGECOIN KILLER, this token can outpace Dogecoin in a short time."
— Shiba Token
Where to Buy Shiba Inu Token
How to Buy SHIB on Crypto.com
- Download the App: Get the Crypto.com app for iOS or Android.
- Sign Up: Use referral code
fangwallet
during registration (bonus eligible with a 5,000 CRO stake). - Complete KYC: Verify your identity.
- Fund Your Account: Deposit via credit/debit card, bank transfer, or crypto wallet.
- Purchase SHIB: Navigate to "Crypto Wallet" → "Buy" → Search "Shiba Inu Token" → Select payment method.
How to Buy SHIB on Binance
- Register on Binance.com (Not available on Binance.US).
- Pass KYC Verification.
- Deposit Funds: Use "Bank Deposit" under "Buy Crypto."
- Trade SHIB: Go to "Trade" → "Advanced" → Search "SHIB" → Execute your buy order.
FAQs
1. Is SHIB available on Binance.US?
No, SHIB is only listed on Binance.com (international).
2. What’s the minimum investment for SHIB?
SHIB’s low price (e.g., $0.000029) allows purchases of millions of tokens with small amounts.
3. Can I stake SHIB for rewards?
Yes, platforms like Crypto.com offer staking options for SHIB.
Key Takeaways
- Exchanges: Crypto.com (user-friendly) and Binance (advanced trading).
- Referral Bonus: Use code
fangwallet
on Crypto.com for rewards. - ERC-20 Token: SHIB runs on Ethereum; ensure compatible wallets.
For deeper crypto insights, explore our recommended guides.
Disclaimer: Investing in cryptocurrencies involves risk. Conduct independent research before trading.
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