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How to buy Shiba Inu (SHIB) in the US

A beginner's guide to buying and selling SHIB in the US.

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How to buy Shiba Inu

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Shiba Inu.

  1. Open an account on an exchange that supports SHIB.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Shiba Inu.
  3. Buy Shiba Inu.
    Complete your Shiba Inu purchase and then find the best wallet to store SHIB.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Shiba Inu?

Shiba Inu, or SHIB, is a meme cryptocurrency token. The token is not dissimilar to other meme tokens such as DogeCoin. Meme tokens are usually created and designed around a particular meme and have historically gained traction due to encouragement from influencers and retail investors.

Launched in 2020, the Shiba Inu digital asset makes use of the ERC-20 (Ethereum-based) token standard. It currently does not possess any intrinsic value or fulfil any meaningful purpose. However, thanks to its success, developers are now working on an application called ShibaSwap. This will likely be a decentralized exchange that could offer token holders rewards.

At the time of writing, no associated application has been released. Regardless of the lack of purposeful value, its growing popularity suggests that investors still have an appetite for meme-related digital assets such as this.

Shiba Inu (SHIB) is the 40th largest cryptocurrency in the world by market cap, valued at $3,116,248,309. The current price of Shiba Inu is $0.00000626, which is 1.128% higher than yesterday. Prices have ranged between $0.00000632 and $0.00000614 over the past 24 hours. All prices are listed in US dollars and accurate as of August 05, 2021 07:08 UTC.

Where to buy Shiba Inu

Find an exchange to buy, sell and trade SHIB by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat currencies Cryptocurrencies
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Wire transfer, Online banking
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This guide provides step-by-step instructions on how to buy Shiba Inu in the US, lists some exchanges where you can get it and provides daily price data on SHIB.

Shiba Inu at a glance

Information last updated August 05, 2021 07:08 UTC.
Coin symbolSHIB
Total SHIB supply1,000,000,000,000,000
Circulating SHIB497,730,966,630,396
Current priceUS$0.00000626
All time highUS$0.00003791
IndustryCryptocurrency, decentralised exchange
Token usesCryptocurrency
NetworkEthereum

Shiba Inu price performance over time

Historical prices compared with the price of US$0.00000626.

1 hourN/A
24 hours 1.13%
7 days -0.69%
14 days 5.57%
30 days -28.48%
60 days -28.85%
200 days 4,825,613.67%
1 year 4,255,254.18%

How to sell Shiba Inu

You can cash out your SHIB with the same exchange you bought it through:

  1. Sign in to the exchange you have SHIB on.
    If you store your Shiba Inu in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of SHIB you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Shiba Inu.

What to consider when buying Shiba Inu

Cryptocurrencies are extremely volatile investments and therefore must be carefully risked. Based on historic price movements, meme tokens can pose an even greater risk, with heightened volatility. Before purchasing SHIB, here are a few things to consider:
  • Volatility: Meme tokens have historically been subject to an immense amount of financial turbulence. As a result, prices can fluctuate wildly, sometimes on a daily basis.
  • No use case: Unlike the majority of cryptocurrencies that solve tangible, real-world issues, Shiba Inu currently solves no underlying problem. While the token does carry value and therefore can arguably be used to perform transactions, it cannot be used for any specific actionable event.
  • Tokenomics: SHIB has a current total supply of 1 quadrillion tokens, with no upper limit. As more tokens continue to enter circulation, this could devalue the token, which likely makes it unsuitable as a long term store of value.
  • Digital ecosystem: Although the token holds no real value, the Shiba Inu website is developing its own ecosystem. The project actively encourages dog-inspired artists to support the ongoing Shiba art movement. Many are now making their way into the NFT space. The Shiba team is also working in conjunction with Amazon to create a donations portal to help rescue real Shiba Inu dogs. As the ecosystem grows, the SHIB token could develop a real-world utility.

Coins similar to Shiba Inu (SHIB)

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.

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