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Guide-How to buy Shiba Inu-SHIB
11 May 11:02
According to SHIBA INU, SHIBA was created because his Shiba Inu often forgets where he buried his treasure.
Shiba Inu is an experiment in decentralized spontaneous community building, and SHIB is the name of its token, commonly known as "Shiba Inu Coin", or "Shit Coin" as it is jokingly referred to in the cryptocurrency community.
Key Questions
What is the appeal of Shiba Inu?
Each Shiba Inu was worth only a small amount of one cent but its value has grown by thousands of percent. The creators of Shiba believe that SHIB can surpass DOGE in a short time. In fact, they are so confident in SHIB's success that they are ready to use another meme cryptocurrency called BONE.
Currently, SHIB is ranked 14th on Coinmarketcap and its price has spiked nearly 183% in the last 24 hours.
Today's SHIBA price
Where Can I Buy SHIBA?
The easiest way to buy it is through Gate.io, a trusted global exchange.
As of 2021, Gate.io is the first mainstream platform for trading blockchain assets that offers 100% audited collateral. It is also the world’s second-largest trading platform for SHIB.
Unlike other major cryptocurrencies, SHIB cannot be purchased directly in fiat currency. However, you can still easily purchase this token by first purchasing Bitcoin or USDT and then transferring it on the Gate.io exchange.
1. [4 million users in 224 countries/regions] 2. [Favorable trading fees] 3. [24/7/365 customer support] 4. [500+ currencies available]
How to Buy SHIBA on Gate.io?
1.Create an account on Gate.io
Get instantly verified with Gate.io streamlined verification process
2.Buy SHIBA
First, you will need to fund your Gate.io with mainstream cryptocurrency of your choice account. Once your account is funded, you can head over to the exchange and purchase SHIBA, that's it. After you start trading on Gate.io, automatic VIP discounts, based on your trading volumes will reduce the fees to the lowest in the industry.
Check trading fees
3.Invest in SHIBA
On Gate.io you may trade SHIBA with Margin accounts and Quantitative strategies. You may also deal with DODGE derivatives such as Perpetual contracts.
PS: If you are new to this you need to understand that cryptocurrency trading is risky and it is your responsibility to manage your risk accordingly. We will request personal information when signing up as part of our KYC process, much the same way that a bank would ask when you open an account with them.
What can I do with SHIBA？
1.Leverage
Gate.io provides a leveraged service that enables you to get a much larger exposure to the market. Users can go short by buying SHIB or go long by buying USDT. Leveraged products, such as SHIBA, magnify your potential profit – but also your potential loss.
2.Quantitative trading
Gate.io offers a quantitative trading platform that allows investors to trade SHIBA or any other cryptocurrency with AI smart strategies. Besides using built-in strategies, you can also design your own quantitative trading strategies.
3.Perpetual contract
SHIBA Perpetual contracts are available on Gate.io now. A perpetual contract is a futures contract without an expiration date or settlement. A perpetual contract is an ideal tool for hedging the risk of the underlying asset while making profits with the right expectations. Gate.io's marketplace for perpetual contracts is the most active in the world, with a daily trading volume of $400 million.
4. Asset Management with SHIBA
Users who wish to hold SHIBA for a long time can also manage their money by lending SHIBA. The annualized rate of return on asset management with SHIBA is expected to be 3.65~365%. Gate.io's asset management and its lending market are a user-to-user lending platform (with collateral, no risk of losing principal on asset management). However, the platform is not involved in borrowing and lending.
You can also
1.Use as a Store of Value: Investors are using SHIB as a store of value
2.Pay for Goods and Services: Use it as a currency to buy and sell goods and services
3.Tipping users on social media: Reward content creators for their great online creations
4.Better understand cryptocurrencies: Experiment with cryptocurrency without taking a large financial risk
Store/Hold SHIBA
Do you regard cryptocurrency as a long-term investment? If so, you can buy SHIBA and store it securely on the Gate.io exchange or in the Gate.io hardware wallet S1, waiting to trade or sell SHIBA.
Check our security solutions
Start Trading SHIBA！
Disclaimer: Cryptocurrencies are speculative, complex, and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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.
*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.
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