Hi everyone, I'm Mike! Recently, many of my friends have asked me how to buy Shiba Inu (SHIB), a super popular cryptocurrency. As a veteran in the cryptocurrency space, I know that the steps to get into a hot cryptocurrency like Shiba Inu are not only easy to understand, but you also need to be aware of the security and fees. In today's article, I'm going to show you how to buy SHIB coins, from choosing an exchange to completing the transaction, the whole process is seamless, so you can get started even if you're a novice!
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a cryptocurrency based on the Ethereum blockchain and has been dubbed the "Doggie Killer", and was created in 2020 to create a decentralized community. It was created in 2020 to create a decentralized community, and has attracted many investors due to its low price and high potential, with many buying large amounts of SHIB coins with small amounts of money in anticipation of future price increases.
Shiba Coin has its own ecosystem, including ShibaSwap (a decentralized exchange), and a variety of new features that have made it one of the most talked about coins in the cryptocurrency market. If you're looking forward to the future of blockchain, Shiba Coin is certainly a project worth knowing about and participating in.
Preparation for purchasing SHIB coins
1. register and verify your Exchange account number
To buy SHIB coins, you need to first choose an exchange that supports SHIB trading, such as OKX, Binance or Huobi.
- Log on to the Exchange's website and register your account by e-mail.
- Complete KYC (identity verification) and upload your ID photo.
- Reminder: Choose a Taiwan user-friendly exchange for lower handling fees and easier operation.
2. Charging funds to the Exchange
You can choose to top up via credit card, bank transfer or USDT (stable dollar). Take USDT for example:
- Click on the "Top Up" button, select "USDT" and copy your top up address.
- Go to your wallet or other exchange and enter that address to complete the transfer.
- After recharging, confirm that your funds have been credited.
How to Buy Shiba Inu Coins (SHIB) on the Exchange
1. Finding the SHIB counterparty
- After entering the exchange, click on the "Trade" or "Spot Trade" function.
- Search for "SHIB/USDT" or other relevant pairs.
2. setting up purchase orders
There are two common ordering methods:
- Market Order: A quick buy for the novice; prices are based on current market prices.
- limit order: Set a target price and buy automatically when the price is reached, suitable for experienced users.
3. confirm the transaction and check the balance
Once the purchase is completed, SHIB will be automatically transferred to your Exchange Wallet. You can check if the SHIB balance has increased on the "Assets" page.
Post-Purchase Asset Management and Security Advice
1. transfer to personal wallet
To ensure the safety of your assets, it is recommended that you transfer your SHIB to a private wallet such as MetaMask or a hardware wallet (Ledger, Trezor).
- Click on "Withdraw Coins" and enter your private wallet address.
- Confirm the transfer amount and handling fee, and then submit a request for currency withdrawal.
2. regularly check for currency fluctuations
The price of Diesel Coin fluctuates dramatically, so it is recommended to install a cryptocurrency tracking app, such as CoinMarketCap or TradingView, so that you can understand the price trend in real time.
3. Attention to security
- Enable Dual Authentication (2FA).
- Don't give out your wallet PINs and charms to anyone.
Cheshire Coin Rebate Offers and Money Making Tips
1. Use of rebates to link to registered exchanges
Choose a linked registration with a rebate offer, for example, Euronext can offer a rebate on the handling fee for 20%-40%.
- Rebate means that every time you trade, the platform refunds part of the handling fee, which can help you save a lot of costs.
2. Liquidity mining and pledges
Faggot holders can participate in ShibaSwap liquidity mining or pledging (Staking) for additional returns.
- Pledge a SHIB on ShibaSwap and earn Bone or other tokens as rewards.
3. Long-term holding versus short-term arbitrage
- If you are optimistic about the future of the Shiba Inu coin, it is suitable to hold it for a long time and wait for appreciation.
- Players who prefer short-term operations can take advantage of the price fluctuations to sell high and suck low to increase their returns.
Frequently Asked Questions Q&A
1. Is there anything I should pay attention to when I buy SHIB from Taiwan?
Choose an exchange that supports Taiwan FX top-ups, such as Euronext or CoinSafe, and make sure to complete your identity verification. Pay attention to the exchange rate and handling costs.
2. What is the minimum amount for the initial purchase of Shiba Inu coins?
The minimum amount varies from exchange to exchange, generally based on 20~50 USDT, please refer to the exchange regulations for details.
3. what should I do if I can't withdraw my coins from the exchange?
If you encounter problems withdrawing coins, check for outstanding KYC certificates or insufficient handling fees. If necessary, contact the exchange's customer service for assistance.
I hope this article can help you learn how to buy Shiba Inu coins easily! If you have any questions, please feel free to leave a comment and Mike will try his best to answer them!
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