how to convert usdt to shiba inu in binance

To convert USDT into Shiba Inu (SHIB) on Binance, users can navigate to the trade page, select the USDT/SHIB trading pair, enter the desired amount, and click "Buy SHIB" to place the order.

Oct 17, 2024 at 10:42 am

How to Convert USDT to Shiba Inu (SHIB) on Binance

Step 1: Create a Binance Account

If you don't have a Binance account, you need to create one at www.binance.com.

Step 2: Deposit Funds

You can deposit USDT into your Binance account using a credit/debit card or bank transfer.

Step 3: Go to the Trade Page

Once you have USDT in your account, go to the trading page and select the USDT/SHIB trading pair.

Step 4: Select the Spot Trading Mode

Default, it's gonna provide you with two different markets, the spot market or the margin market. You wanna make sure you're in the spot market.

Step 5: Enter the Amount

In the trading interface, enter the amount of USDT you want to convert into SHIB.

Step 6: Select the Order Type

You can choose between a market order or a limit order. A market order will execute immediately at the current market price, while a limit order will only execute if the price reaches your specified limit.

Step 7: Place the Order

Once you have selected the order type and entered the amount, click the "Buy SHIB" button to place the order.

Step 8: Confirm the Order

Binance will ask you to confirm the order details before it is executed. Check the details and then click "Confirm".

Step 9: View Your SHIB Balance

Once the order is executed, your SHIB balance will be updated in your Binance wallet. You can also view your order history in the "Completed Orders" section of the trading page.

Additional Information:

• You will need to pay a small trading fee when converting USDT to SHIB.
• The conversion rate may fluctuate depending on the market conditions.
• Binance offers multiple ways to purchase SHIB, including credit/debit card, bank transfer, and P2P trading.