How to Buy Shiba Inu (SHIB)

How to Buy Shiba Inu in 3 Simple Steps

What Is Shiba Inu Coin?

Have you placed your SHIB order yet?

Why Buy Shiba Inu Coin With Kraken?

How Much SHIB Can I Buy With Kraken?

How to Keep Your Shiba Inu Safe

What Can I Do With Shiba Inu After I Buy It?

How to Buy Shiba Inu FAQ

1. What does it mean to purchase Shiba Inu?

   Some view Shiba Inu as a catalyst for financial independence and as a way to develop a global economy without intermediaries. When you purchase Shiba Inu, you transition from a centralized system of hierarchy to a decentralized system of consensus.

   Purchasing Shiba Inu means joining millions of individuals around the world who collectively maintain authority over their own funds. However, you should always do your own research, including seeking financial advice, before purchasing any cryptocurrency.

2. Is Shiba Inu worth buying?

   The short answer is, it depends on your own individual circumstances. For those that see value in a community managed payment network that does not require intermediaries to operate, Shiba Inu may be a worthwhile purchase.

   Additionally, those that are interested in sending payments around the world faster and more efficiently may find value from purchasing Shiba Inu. Holders may also enjoy Shiba Inu’s ability to store value outside of centralized control, and view it as a way to grant individuals greater financial independence.

3. How do beginners buy Shiba Inu?

   Shiba Inu beginners should first do their own research (and may consider seeking professional financial advice) before buying Shiba Inu. If you decide to make a purchase, you can buy Shiba Inu in just a few minutes with as little as $10 on Kraken.

   Buy Shiba Inu with the Kraken app today

4. When is the best time to buy Shiba Inu?

   The traditional financial advice, that “it is impossible to time the market,” holds true for Shiba Inu too. The answer to this question ultimately depends on your goals and financial circumstances.

   Buy Shiba Inu with the Kraken app today

5. Can I buy Shiba Inu with $50 or $100?

   Yes, Kraken makes it safe and easy to buy Shiba Inu with as little as $10 – or as much as you want.

   Buy Shiba Inu with the Kraken app today

6. Can I buy Shiba Inu with my bank account or debit/credit card?

   Yes, U.S. users can buy Shiba Inu with a bank account. Kraken also enables clients in several countries around the world to purchase SHIB with their credit or debit card. Full list of funding options by country.

7. How much Shiba Inu should I buy?

   Everyone’s financial situation, appetite for risk and objectives are different. Shiba Inu is subject to volatility and price decreases. Consider these factors as you evaluate how much you are willing to buy.

8. Where can I buy Shiba Inu?

   Shiba Inu can be purchased from a variety of locations today, such as Crypto ATMs, various fintech platforms and even directly from other individuals. But, the easiest and safest place to purchase Shiba Inu is through a trusted cryptocurrency exchange like Kraken. With Kraken, you can count on our low fees, easy-to-use products, around-the-clock customer support and rigorous focus on the safety and security of your Shiba Inu.

9. How long does it take to buy Shiba Inu?

   Using Kraken, it takes only a few minutes to buy Shiba Inu. Get started with our three-step process today to create your free account, connect your funding method and buy Shiba Inu. With Kraken’s mobile app, it has never been faster or easier to buy Shiba Inu.

10. Do I own my Shiba Inu?

    Unlike many other fintech and trading platforms that offer Shiba Inu, when you buy SHIB on Kraken, it belongs to you. Kraken firmly believes in the self sovereignty and right to personal custody principles that Shiba Inu was built upon. Therefore, Kraken allows you to take your Shiba Inu off of the Kraken platform at any time. You can store it in the wallet of your choice and use it however you please. When you purchase Shiba Inu from Kraken, it is your digital property.

11. What can you buy with Shiba Inu?

    You can buy anything using Shiba Inu, as long as the recipient accepts it as payment.

12. How to buy Shiba Inu stock?

    Shiba Inu is not a stock, it is a part of a new asset category called cryptocurrencies. If you are looking to buy Shiba Inu, you should use a cryptocurrency exchange like Kraken.

13. Can Shiba Inu crash?

    As with many early stage technological innovations, Shiba Inu’s price is subject to speculation and market volatility. The price of SHIB has shifted dramatically in short periods of time, especially compared to more mature asset classes.

14. How many Shiba Inus are there?

    Shiba Inu launched with 1 quadrillion tokens. Approximately half of these have been destroyed when Ethereum founder Vitalik Buterin burned much of his gifted supply in May of 2021. As a result, there are approximately 550 trillion remaining Shiba Inu coins.

15. What is Shiba Inu vs Dogecoin?

    Shiba Inu and Dogecoin are both generally regarded to be “meme tokens” which internet communities have rallied behind. While the two tokens share a similar love of the Shiba Inu breed, there are several characteristics that differentiate these coins. Dogecoin is a standalone blockchain that copied the original code for Litecoin. Meanwhile, Shiba Inu is an ERC-20 token that operates on the Ethereum blockchain. DOGE has an unlimited maximum supply of tokens, meanwhile SHIB has a fixed maximum supply of 1 quadrillion tokens (half of which have been burned). Additionally, Shiba Inu offers staking (bury) and liquidity providing (dig) functionalities to earn additional crypto rewards which cannot be found in the Dogecoin protocol.

16. How is Shiba Inu taxed?

    After purchasing Shiba Inu, it is best to consult a tax professional to ensure that you are reporting your Shiba Inu holding correctly.

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