How to buy and sell SHIB coin? SHIB coin trading graphic tutorial

To buy SHIB Coin, first choose a reputable cryptocurrency exchange that supports SHIB trading, then create an account, fund it, and navigate to the SHIB trading platform.

Oct 14, 2024 at 08:12 am

How to Buy and Sell SHIB Coin: A Comprehensive Guide with Visuals

Step 1: Choose a Reputable Cryptocurrency Exchange

• Select an exchange that supports SHIB trading, such as Binance, Crypto.com, or Coinbase.
• Consider factors like fees, security, and user interface before choosing an exchange.

Step 2: Create an Account and Verify Your Identity

• Register on the exchange website or mobile app and provide your personal information.
• Complete the identity verification process to comply with anti-money laundering (AML) regulations.

Step 3: Fund Your Account

• Transfer funds from a bank account, credit/debit card, or other cryptocurrency wallets to your exchange account.
• Choose your desired payment method and deposit the amount you want to trade.

Step 4: Navigate to the SHIB Trading Platform

• Once your account is funded, find the SHIB trading pair (e.g., SHIB/USDT or SHIB/BTC).
• Select the "Buy" or "Sell" option, depending on your trading intention.

Step 5: Place a Market Order or Limit Order

• Market Order: Buy or sell SHIB at the current market price. Choose this option for quick execution.
• Limit Order: Specify the price at which you want to buy or sell SHIB. This order will only be executed when the market price reaches that level.

Step 6: Enter the Amount and Confirm the Order

• Specify the amount of SHIB you want to buy or sell.
• Review the order details and fees associated with the trade.
• Once satisfied, click the "Buy" or "Sell" button to place the order.

Step 7: Monitor the Order

• Track the status of your order through the exchange's trading history or order book.
• If your order is executed, the SHIB coins will be credited or debited from your account accordingly.

Step 8: Withdraw or Trade Your SHIB

• Once you have purchased or sold SHIB, you can choose to withdraw it to a personal wallet for storage or trade it for other cryptocurrencies on the exchange.

Additional Tips:

• Research the Shiba Inu project and understand the risks involved before investing.
• Start with a small investment and gradually increase your exposure as your knowledge and confidence grow.
• Monitor the cryptocurrency market regularly to make informed trading decisions.
• Store your SHIB coins securely in a hardware wallet or other reputable storage solution.