The first step in buying Shiba Inu Coin, like any cryptocurrency, is to create a Shiba Inu Wallet account where you can store your tokens. Although you can store the coins on an exchange, doing so opens you up to security risks because most exchanges are vulnerable to attacks by hackers. To learn how to open and secure your wallet, read this article about shiba inu coin wallets . Once you have your wallet set up, the next step is to buy some Shiba Inu coins with fiat currency (USD, EUR, etc.). Check out this article on how to buy shiba inu tokens .
What Is the Shiba Inu Token?
The Shiba Inu coin is a form of digital currency, similar to Bitcoin. Like Bitcoin, it’s completely decentralized and backed by open-source software. It’s released by a small team of independent developers based in Pittsburgh, Pennsylvania. The goal behind its creation was to create a fun alternative to fiat currencies that can be traded like commodities while also being an asset which appreciates in value over time (similarly to gold). As time goes on and demand for Shiba Inu coins increases, their value will increase as well. Using them is easy: you can use your Shiba Inu coins just like any other form of payment on any e-commerce site or mobile app that accepts cryptocurrencies.
Buying, Selling, and Trading Tokens on Exchanges
Shiba Inus are a rare breed of dog that is almost extinct. This makes them desirable on cryptocurrency exchanges and is part of why they’re so expensive. The first step in buying Shiba Inus tokens is to create an account on an exchange like Poloniex or Bittrex. Then, transfer some Bitcoin into your account and convert it into US dollars or Ethereum (or whatever other altcoin you want). You can then trade your fiat currency for Shibas.
Where to Store Shiba Inu Coins
Shiba Inu coins can be stored on MyEtherWallet. Make sure you have an Ethereum compatible wallet such as MyEtherWallet or EtherCom. Find out how to store ERC20 tokens here. The Shiba Inu coin will also available on the following exchanges when released: KuCoin, HitBTC, Bit-Z and Bancor Network (coming soon).