Uphold - Digital Asset Platform

- Trade SHIB and 273 other cryptos.
- Instant deposits and withdrawals.
- Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
By
James Edwards&
Billy EndresUpdated
Uphold - Digital Asset Platform
Shiba Inu (SHIB) capitalized on the memecoin trend in 2021 and developed a sizable cult following which propelled it to an all-time-high price of $0.00008616 in October 2021.
While this has helped make SHIB the #23 crypto by market cap, Shiba Inu is still a highly volatile asset capable of major price swings in a single day.
Today, SHIB is trading for $0.00001312, which is slightly down from yesterday's trading price of $0.0000129421. Shiba Inu has a decreased by -20% over the past year.
So before you buy Shiba Inu, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Shiba Inu in the US.
To buy SHIB, all you'll need is a smartphone or computer, an internet connection, photo identification and a way to pay.
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"Top picks" are those we've evaluated to be best for certain product features or categories – you can read our full methodology here. If we show a "Promoted Pick", it's been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive.
Keep in mind that these are suggestions and that the exchange that is best for you will depend on your individual needs. There are other products on the market not included in our picks.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
If this is your first time buying cryptocurrency look for a platform that accepts US dollars, like Gemini or Public.
Don't worry too much about extra features or coins for now – you can always sign up with another exchange later.
Use the table to choose a platform that meets your needs and click the Go to site button to get started.
Are you visiting from outside the US?
Shiba Inu (SHIB) is a meme coin launched in 2020 by an anonymous person or persons known only by the pseudonym, Ryoshi. It has since grown into one of the world's most well-known cryptocurrencies and has even been labelled as "The Dogecoin Killer".
The Shiba ecosystem is divided into multiple tokens – SHIB, LEASH and BONE – each with different functionality.
SHIB originally had 1 quadrillion authorised tokens. However, it has a deflationary supply, and many of these coins have since been burned.
Read our beginner's guide to how Shiba Inu worksTo create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not USD.
If you want to buy Shiba Inu with US dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in the US and requires you to upload some photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Once you've set up your account, you'll need to deposit funds to buy Shiba Inu with. We've listed some popular ways to buy SHIB and what you should know about each payment method.
Many exchanges support free and instant bank transfers in the US.
Some offer other options like bank transfers and wire transfers, but make sure you check if you'll be charged a deposit fee first.
How you transact with a debit card will depend on the platform.
Lots of exchanges accept credit cards as an instant purchase method. But you should think very carefully before buying Shiba Inu with a credit card, because:
Only a handful of platforms in the US offer PayPal deposits to buy SHIB, including Gemini and CEX.IO.
Because of the high risk of scammers taking advantage of PayPal's chargeback feature, PayPal purchases often attract high fees.
If you want to purchase Shiba Inu from PayPal directly, US residents can now do so with the PayPal app.
Read our guide to buying Shiba Inu with PayPal to learn more.
Buying Shiba Inu with cash isn't common in the US, but it can still be done.
There are a few ways to buy SHIB with cash:
You can swap any cryptocurrency you already own for SHIB using the "swap" or "convert" service on some platforms. This lets you instantly exchange one crypto for another, even if there is no trading pair on the spot market.
Most exchanges let you buy as little as $5 worth of SHIB, if not less. Just type in how much you want to spend in USD and let the exchange work out the rest.
Some platforms only offer 1 way to buy Shiba Inu, while others provide several choices. The 2 most common ways to buy SHIB are on the spot market or with an "instant buy" feature.
If it's your first time buying Shiba Inu, this will be the fastest method – but also the least cost-effective.
The instant buy section is usually located under a "Buy now" heading on the platform you've chosen.
It should feature a simple interface that lets you enter the amount of Shiba Inu you want to buy or US dollars you want to spend.
This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.
Be prepared to pay a markup on SHIB's market rate in exchange for the convenience.
If you see colorful charts with a range of prices, you're probably in the spot market.
The spot market is where buyers and sellers come together to place bids for SHIB on the open market. It's usually the cheapest way to buy Shiba Inu because it lets traders set their own prices.
You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use.
There are several different order types that you can make on the spot market.
There are dozens of different trading platforms to choose from when buying Shiba Inu in the US, so to help you find your best option, keep these factors in mind:
Crypto exchanges founded and based in the US are required to register with the Financial Crimes Enforcement Network (FinCEN), a division of the US Department of the Treasury. This bureau safeguards the US financial system by working to prevent money laundering, terrorist-financing activity and other financial crimes.
FinCEN-registered exchanges contribute to a more secure financial system in the US and provide you with better consumer protections compared to exchanges based in other countries.
Other reasons for using a FinCEN-registered exchange may include the following:
You shouldn't invest in any asset, including SHIB, without doing plenty of research first. Before you buy Shiba Inu, make sure you understand and weigh up these risks:
Finder's expert panel expects the token's value to continue to plummet and be worth $0.000002500 to close out 2025 and $0.000000325 by the end of 2030.
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Compare today's price of Shiba Inu ($0.00001312 USD) against its all-time high (ATH) price of $0.00008616 USD on October 28, 2021. The closer the bar is to 100%, the closer SHIB is to reaching its ATH again.
If you hold Shiba Inu as an investment, you'll be taxed on any capital gains you make when you sell it — which includes spending it on goods and/or services. In the US, tax obligations also apply to mining, professional Shiba Inu trading and in a range of other scenarios, so make sure you're fully aware of what you need to report to the IRS.
Use our round-up of the best crypto tax software to make tax reporting easier.
If you want to buy Shiba Inu, start by comparing a range of crypto brokers and exchanges available in the US. Look at their features, fees, security and overall reputation to decide which platform is right for you. Use an exchange registered with FinCEN for added peace of mind.
Remember that owning and using Shiba Inu is not without its risks. Carefully consider investing in SHIB as part of a wider strategy, and talk to a financial advisor if you have any questions.
Once you've bought some SHIB, think about your short and long-term goals. This will help you decide whether to keep it on an exchange or move it to your own wallet.
There's a common misconception in crypto that the highest-priced coins are the most valuable, but that's not always the case. Market cap – circulating supply multiplied by the token price – is much more important to take into consideration.
This is especially important when evaluating a project like Shiba Inu that has 589247004542556.5 tokens in its circulating supply and a lot of investors holding millions or even billions of SHIB.
Take a look at our expert panel's price prediction for SHIB through 2030 to help you to get a better idea of whether Shiba Inu is a good buy. Weigh this alongside its unique set of risks.
SHIB was originally listed on Uniswap in August 2020 by a pseudonymous developer known as Ryoshi.
At the time, it had very little trading volume and was largely unheard of. The token gained traction after being coined the DOGE Killer, gaining over 41,000% in months.
Shiba Inu (SHIB) can be purchased on 12+ exchanges in the US, including Gemini and Public.
You can browse the full range in our comparison table.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
Bybit Cryptocurrency Exchange
Kraken
KuCoin Cryptocurrency Exchange
Kraken Cryptocurrency Exchange
Binance Cryptocurrency Exchange (Not available to US users)
Binance Cryptocurrency Exchange (Not available to US users)
Bybit Cryptocurrency Exchange
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Disclaimer: Cryptocurrencies, including Shiba Inu, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SHIB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Shiba Inu or any other cryptocurrency discussed.
James Edwards was the global cryptocurrency editor at Finder. He coordinates a distributed team of journalists to help further Finder's mission of helping people make better financial decisions. He has been using Bitcoin since 2013 and began working in the industry in 2017. He takes pride in boiling down complex topics into language his parents can understand. His expertise has seen him called on to report at events such as TechCrunch Disrupt, CoinDesk Consensus and IBM Think and has coordinated a vast number of high-profile interviews with the industry's brightest minds. He is a regular contributor to Nasdaq, The Street and is frequently called upon for market commentary in Australia and abroad. See full bio
Billy Endres was a cryptocurrency writer for Finder. His background in software development helped open the door to the world of decentralised technologies, financial markets and technical writing. See full bio
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