How to buy Shiba Inu (SHIB) on Bybit exchange?

Creating an Account on Bybit

1. Visit the official Bybit website and click the “Sign Up” button located in the top-right corner.

2. Enter a valid email address and create a strong password that includes uppercase letters, lowercase letters, numbers, and special characters.
3. Complete the CAPTCHA verification to confirm you are not a robot.
4. Verify your email by clicking the confirmation link sent to your inbox.
5. Enable two-factor authentication (2FA) using Google Authenticator or a hardware security key for enhanced account protection.

Completing Identity Verification

1. Log into your Bybit account and navigate to the “Identity Verification” section under Security settings.

2. Select your country of residence and choose the appropriate ID type—passport, national ID card, or driver’s license.
3. Upload clear, well-lit images of both the front and back of your identification document.
4. Take a real-time selfie holding your ID with your face fully visible and no obstructions.
5. Submit the documents and wait for the automated review process, which typically completes within minutes but may take up to 24 hours during peak periods.

Funding Your Bybit Wallet

1. Go to the “Assets” tab and select “Deposit” to view available funding methods.

2. Choose either cryptocurrency deposit or fiat on-ramp depending on your preference and regional availability.
3. For crypto deposits, select a supported network such as Ethereum (ERC-20) or BNB Smart Chain (BEP-20), then copy the generated wallet address.
4. Initiate a transfer from your external wallet or another exchange, ensuring the selected network matches exactly to avoid loss of funds.
5. If using fiat, select your local currency and payment method—bank transfer, credit/debit card, or third-party providers like MoonPay or Ramp Network—and follow the prompts to complete the purchase.

Placing a SHIB Buy Order

1. Navigate to the “Trade” section and search for “SHIB/USDT” in the spot trading interface.

2. Choose between market, limit, or stop-market order types based on execution priority and price control needs.
3. Enter the desired quantity of SHIB or specify the USDT amount you wish to spend.
4. Review the current order book depth, last traded price, and estimated fees before submission.
5. Click “Buy SHIB” to execute the order; confirmed transactions appear instantly in your spot wallet balance.

Storing SHIB Securely After Purchase

1. Transfer purchased SHIB tokens from your Bybit spot wallet to a private non-custodial wallet supporting ERC-20 or BEP-20 standards.

2. Confirm network compatibility—SHIB exists natively on Ethereum but also has bridged versions on other chains.
3. Double-check the destination address and network fee before confirming any withdrawal transaction.
4. Avoid storing large amounts on exchanges due to counterparty risk and potential exposure during platform outages or security incidents.
5. Maintain offline backups of seed phrases and never share them with anyone, including Bybit support staff.

Frequently Asked Questions

Q: Can I buy SHIB directly with a credit card on Bybit?A: Yes, Bybit integrates third-party fiat on-ramp services that allow direct SHIB purchases using Visa or Mastercard in supported jurisdictions.

Q: Is there a minimum SHIB purchase amount on Bybit?A: The minimum order size varies by trading pair and market conditions but is typically set at 0.0001 SHIB for SHIB/USDT spot trading.

Q: Why does my SHIB deposit show as pending for over an hour?A: Delays often occur due to low network gas fees, blockchain congestion, or mismatched deposit networks—verify the correct chain was used and check Ethereum block explorer status.

Q: Does Bybit charge withdrawal fees for SHIB transfers?A: Yes, Bybit applies a fixed network fee denominated in SHIB, currently set at 100 SHIB per withdrawal on the Ethereum network.