As decentralised finance (DeFi) infrastructure becomes more prominent, crypto-assets like Shiba gain more traction. The rising popularity of this asset is a strong reason to buy Shiba Inu in the UK.
However, because Shiba is a relatively new project, investors might have questions concerning this digital asset. This comprehensive guide explains everything you need to know before buying Shiba Inu.
Where to Buy Shiba Inu UK in 2022
To invest in Shiba Inu UK, you need a trusted broker or platform with advanced trading features. Below is a list of our favourites:
- eToro – Our Overall Best Platform to Buy Shiba Inu UK
- Binance – Our Best Crypto Exchange With Wide Crypto Offerings
- Coinbase – Most Beginner Friendly Platform
Where to Buy Crypto (Shiba) – Top Exchanges Reviewed
This section will review the top 3 recommended platforms to buy and invest in cryptocurrency, including Shiba Inu UK.
eToro – Our Overall Top Broker to Buy Shiba Inu UK
eToro is a cryptocurrency, stock, and commodity brokerage firm that allows investors to trade cryptocurrencies, stocks, and other commodities. Due to its quick account registration processes, minimal fees, and simplicity of use, the site rates as our best overall place to purchase Shiba Inu UK.
The company boasts of a highly regulated platform, requiring new users to complete an identity verification process. However, this process is quick and can be done in less than ten minutes. This is one of the reasons why etoro is considered one of the best cryptocurrency apps for 2022.
Our top pick also features a dedicated social trading tool. Through its CopyTrader feature, the crypto broker assists investors in getting the most out of their investments. This tool allows users to copy experienced traders’ techniques while improving profit potential.
eToro supports a variety of payment methods, including bank transfers, credit/debit cards, and electronic wallets such as PayPal, Skrill, Neteller, and others.
- Low minimum deposit
- Dedicated social trading tool
- No hidden fees
- Trades are denominated in US dollars
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Coinbase – Most Beginner-Friendly Platform
Coinbase offers a diverse range of cryptocurrencies and a user-friendly interface and instructional resources. It also has a more complex Coinbase Pro platform for more experienced crypto investors. Coinbase is one of the largest cryptocurrency exchanges in the world, thanks to these advantages and its top-notch security.
Coinbase is a great fit for crypto investors and traders of all skill levels looking for a reliable all-around platform to purchase, store, and sell cryptocurrencies.
Users can invest, buy and sell over 200 top-performing crypto assets on the Coinbase platform. For cryptocurrency sales and purchases, Coinbase charges a spread of roughly 0.5%, prices may be higher or lower depending on market swings and payment method.
Coinbase accepts automated clearing house (ACH) transfers from a bank account, debit cards, money wires, and PayPal as payment options.
- Different trading options for beginners and experts
- Top-rated mobile application
- Crypto assets are insured against loss from hackers
Your capital is at risk.
Binance – Our Best Crypto Exchange with Wide Crypto Offerings
Binance is the world’s largest crypto exchange by trading volume, with over $65 billion traded daily. Binance also provides a wide range of digital assets, with over 500 digital currencies available for crypto trading.
Another remarkable aspect of Binance is that the crypto exchange has a high level of liquidity and costs a modest 0.10% trading fee. The cost can be further decreased by 0.025% if you possess the platform’s utility token (BNB).
Binance is suitable for investors who want to earn income on their crypto assets through trading, staking, saving, and sophisticated yield farming. The top Bitcoin exchange offers various income-generating services through its ‘Earn’ program.
In addition, investors can utilize the wide payment options available on Binance, which includes credit/debit cards, bank transfers and lots more.
- High liquidity
- Beginner-friendly peer-to-peer (P2P) trading
- User-friendly interface
Your capital is at risk.
What is Shiba Inu UK?
Shiba Inu is a meme coin created to be the evolution of another meme coin called Dogecoin. Shiba has been adopted by a lot of investors, and the ones who got in early did make some good profit.
The main purpose of Shiba is, according to its founders, to replace Ethereum. The SHIB token promises to incorporate projects such as art related and NFTs, and develop its own decentralized exchange called Shibaswap.
Should I Buy Shiba Inu UK?
Now that you know all about this nascent coin and where to buy Shiba Inu UK, here are a few reasons to make that investment:
Shiba has been elected as one of the top crypto by the community
Shiba has transformed a lot of early investors into millionaires overnight. After it was Shilled by Elon Musk, the price increased aggressively.
You can complete and process transactions whenever you choose Shiba without having to wait for a contract to mature.
Strong fundamentals and collaborations
Shiba Inu has garnered impressive support from the crypto community, and has been known as the coin which will eventually replace Dogecoin. A glance at the Shiba Inu UK 2021 roundup would give insight into some key fundamentals.
At press time, the Shiba Inu UK price is set at $0.0000286. The asset recorded a negative -5% in price on the last day.
The current Shiba Market Cap is at $15.94B, and the 24h Volume is at $600M. It’s currently down 67% since it’s ATH.
Shiba Price Prediction 2022
Shiba’s technical indicators portray a bullish trend with the coin’s price above the 20-day moving average (MA) support price of $0.00003. This portends great things for the asset’s future price.
According to Price prediction, Shiba price prediction is strongly bullish. The coin’s price is predicted to cross an average price level of $0.00007 in 2022, with a minimum prize value of $0.000068 expected by the end of the current year.
How to Buy Shiba Inu UK (Shiba) in 2022 – Tutorial
Wondering how to buy Shiba Inu UK? This step-by-step guide on how to buy cryptocurrency on eToro is just what you need:
1. Create an Account on eToro
To begin, create an account. Go to the eToro website and click ‘Join Now’ at the top of the homepage to create an account. Input your email address and a password, and then verify your email address by clicking the link in the email sent to you.
You’ll be asked for further personal information on the next page, including your country of residency, home address and date of birth. For verification, eToro will send an SMS to your phone.
2. Verify ID
eToro will require you to verify your identity to comply with local legislation. This necessitates using a Know-Your-Customer (KYC) verification process to verify your identity.
You’ll need a copy of your passport, driver’s license, or national ID card, as well as a recent bill or bank account statement. EToro will validate your paperwork right away and remove any account limitations in most circumstances.
Click the ‘Deposit Funds’ option under the Action tab. You’ll be sent to the deposit page, where you may pay using a bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, or any other way you like.
Input the amount you wish to deposit (eToro has different minimum deposits based on the user’s region). To fund your account, click ‘Deposit.’
4. Search for Digital assets you wish to buy
To buy Shiba Inu coin, type in the digital asset’s ticker symbol into the search box at the top of the page, then click on the first popup to be taken to the coin’s asset page.
5. Buy Shiba
Select the ‘Trade’ tab to be redirected to the order page. Enter the amount of Shiba you wish to buy and click ‘Open Trade’ to buy Shiba Inu coin. You would have completed the transaction in less than 10 minutes.
Shiba is a relatively new coin addition to the global crypto market, but the asset is making strides to establish itself as a contender.
Considering this, investors seeking to buy Shiba Inu UK can follow our comprehensive guide that explains all you need to know about Shiba Inu UK and how to invest in this digital asset.
While there are many platforms to trade and invest in Shiba Inu UK, investors looking to make better profits prefer eToro. eToro offers low minimum deposits, a dedicated social trading tool and exhaustive educational material for beginners and expert traders alike.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Shiba Inu is the native token for the Shiba “meme coin”. Shiba is a token that has been named after the dog breed “Shiba Inu”, and had its price pumped up by Elon Musk..
- When Did Shiba Inu Start?
Shiba Inu was created in August 2020, and its principle was to be the replacement of Dogecoin. The owners have also given a wallet with more than 50 Trillion Shiba to the Ethereum founder, Vitalik Buterin, who then donated all of it to the India COVID-Crypto Relief Fund.
You can invest in Shiba on various trading platforms. Our top pick is eToro due to the broker’s CopyTrader functionality and ease of use.
- Where Can I Buy Shiba Inu UK?
Investors wondering how to buy Shiba Inu UK can buy the digital asset on platforms like eToro, Binance and Coinbase.
- Is Shiba Inu a good investment?
While Shiba is relatively new in the crypto market, the coin has great potential. Many investors consider the Shiba Inu UK a good investment for a good return on interests (ROIs).
- Can Shiba Inu reach 1 dollar?
That’s a really good question. If Shiba Inu can in fact reach 1 dollar, then it would most likely break the internet. This, however, is a far away target, as Shiba is still in its early days.
This article is supplied by CryptoPR and is not necessarily representative of the views of The Herald