Most people buy SHIB for speculation: they buy and sell crypto in the short term to obtain price gains. Because Binance is the largest crypto exchange in the world, you will benefit from high liquidity, which makes it possible to buy and sell your cryptos at any time. ![]() On top of this, the crypto exchange is straightforward to use, and they have a fund (the SAFU) with which they pay users in case of possible hacks. For example, Binance is extremely fast: over 1,400,000 orders can be executed per second. There are several advantages of buying Shiba Inu on Binance. Due to the enormous price fluctuations, it can be interesting to actively trade the cryptocurrency. Therefore, keep a close eye on the price when you want to invest in the Shiba Inu coin. Still, it is questionable how much value SHIB really ads. Funnily enough, they have set up an NFT art section where users can trade in dog-related artwork. It is therefore a well-known meme crypto. ![]() Shiba Inu clearly originated from a hype/joke. The Shiba Inu or SHIN is an Ethereum alternative to Dogecoin (DOGE) and is described by its creators as the Dogecoin Killer. The cryptocurrency is still quite new: it was founded in 2020 by Ryoshi in a group of other dog-related cryptocurrencies. SHIB has become a success after Dogecoin set record after record. When you are satisfied with the overview, you can execute the trade right away by pressing confirm. Fill in the amount you would like to buy SHIB for and press Preview Conversion. In the first box, enter the fiat currency or crypto you want to convert to Shiba Inu. Now that you added credit to your account, you are all set to buy SHIB! To do this, navigate via Trade to Convert. In this article you can read in more detail how adding funds to your account works. You can also choose the Deposit Fiat option if you prefer to deposit regular currency. Then click on Deposit to deposit cryptos to your Binance account. To do so, navigate to Wallet and then Fiat and Spot. Fortunately, it is easy to deposit funds on Binance. ![]() Binance register Step 2: Deposit money/cryptoīefore you can buy SHIB, you first need fiat money or crypto on your account.
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