How to get SHIB coin? SHIB coin purchase and acquisition method complete graphic tutorial

To acquire Shiba Inu (SHIB), start by selecting a cryptocurrency exchange like Binance or Coinbase, create an account, fund it, locate SHIB, place a buy order, and store your purchase securely in a crypto wallet.

Oct 17, 2024 at 02:30 pm

How to Acquire Shiba Inu (SHIB) Coin: A Comprehensive Guide

Step 1: Choose a Cryptocurrency Exchange

• Binance
• Coinbase
• Kraken
• Crypto.com
• Gemini

Step 2: Create an Account

• Visit the selected exchange's website or mobile app.
• Register for an account by providing your personal information, email address, and phone number.
• Verify your identity by submitting a government-issued ID.

Step 3: Fund Your Account

• Transfer funds from your bank account or credit/debit card to your exchange account.
• Supported payment methods vary by exchange.

Step 4: Locate SHIB Coin

• Search for SHIB/USDT or SHIB/BTC trading pair (depending on the exchange).

Step 5: Place a Buy Order

• Enter the amount of SHIB you wish to purchase.
• Select the price at which you want to buy.
• Choose the type of buy order (e.g., market order, limit order).

Step 6: Confirm Your Transaction

• Review the order details and confirm the purchase.

Alternative Methods of Acquiring SHIB

Step 7: Use a Decentralized Exchange (DEX)

• Connect your crypto wallet to DEXs like Uniswap or SushiSwap.
• Swap supported cryptocurrencies (e.g., ETH, USDT) for SHIB.

Step 8: Mine SHIB

• SHIB cannot be mined using traditional methods. However, you can participate in "liquidity mining" by providing liquidity to DEXs that offer SHIB trading pairs.

Storing SHIB

Step 9: Create a Crypto Wallet

• Get a hardware wallet like Ledger or Trezor for secure offline storage.
• Consider a software wallet like MetaMask or Trust Wallet for convenience.

Step 10: Transfer SHIB

• Withdraw SHIB from the exchange to your crypto wallet address.

Additional Notes:

• The availability of SHIB trading pairs and purchase methods may vary by exchange.
• Research different exchanges to find the best rates and fees.
• Store your SHIB securely in a reliable crypto wallet.