Why buy Shiba Inu with Kraken?

About Shiba Inu

What can you do with Shiba Inu?

Swap Shiba Inu for other assets

Shiba Inu FAQ

Learn more about Shiba Inu

1. How is Shiba Inu different from normal cash?

   Unlike traditional currencies, Shiba Inu is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Shiba Inu. This decentralization means the holders and users of Shiba Inu can help to maintain the network.

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2. Where can I buy Shiba Inu?

   Most find that the easiest and most secure way to purchase Shiba Inu is through a trusted cryptocurrency platform like Kraken. While Shiba Inu can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Shiba Inu.

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3. How do beginners buy Shiba Inu?

   While Kraken makes it easy for anyone to buy Shiba Inu, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about Shiba Inu in the Kraken Learn Center, beginners can use Kraken to buy Shiba Inu in moments with as little as $10.

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4. Is Shiba Inu available to buy and sell in my country?

   To find out if Kraken offers Shiba Inu in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is Shiba Inu a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Shiba Inu may be a worthwhile purchase.

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6. Can I purchase Shiba Inu using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying Shiba Inu?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of Shiba Inu I can buy?

   You can buy as little as $10 worth of Shiba Inu on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of Shiba Inu regularly.

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9. Can I buy Shiba Inu with a debit card?

   Yes, you can buy Shiba Inu using a debit card on Kraken.

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10. Can I buy Shiba Inu with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase Shiba Inu using hundreds of other cryptocurrencies. Browse the Shiba Inu markets available on Kraken to see how much it costs to buy Shiba Inu with other cryptocurrencies.

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11. How can I keep my Shiba Inu safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Shiba Inu. When you choose to keep your Shiba Inu on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for Shiba Inu?

    Yes, Kraken makes it easy to automatically buy Shiba Inu on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling Shiba Inu?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer Shiba Inu from Kraken to my crypto wallet?

    Yes, the Shiba Inu you buy on Kraken is yours. Kraken makes it easy to withdraw your Shiba Inu to any hot wallet or cold wallet that supports Shiba Inu. Simply enter the external wallet address and your Shiba Inu will be in your wallet a few moments later.

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15. Is it safe to leave my Shiba Inu on Kraken?

    We take every measure possible to keep the Shiba Inu you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Shiba Inu. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using Shiba Inu?

    Yes, as long as the seller is willing to accept Shiba Inu in return for the goods and services you are purchasing.

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17. What is the current circulating supply of Shiba Inu?

    The current circulating supply of Shiba Inu is 588,060,381,542,700 SHIB.

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