How To Get Shiba Inu Coin On Crypto.com
Cryptocurrency is gaining popularity worldwide, with different coins being introduced every day. One of the most recent coins that have gained popularity in the market is Shiba Inu coin. This coin has taken the crypto market by storm due to its immense potential to bring significant returns to investors.
If you want to know more about the Shiba Inu coin or want to trade it, the following article will explain how to get Shiba Inu on Crypto.com.
What Is Shiba Inu Coin?
Shiba Inu coin is a cryptocurrency that was created as a joke in August 2020 but quickly gained popularity among investors. The coin’s name, Shiba Inu, is derived from the small, adorable dog breed native to Japan. SHIB is the official cryptocurrency ticker symbol for the Shiba Inu coin.
The coin is based on the Ethereum blockchain and uses smart contracts, which means that users can invest in the coin without the need of intermediaries like banks. The total supply of the coin is one quadrillion, with a circulating supply of 394 trillion SHIB. It trades under multiple pairs, including SHIB/BTC, SHIB/USDT, and SHIB/ETH.
How To Buy Shiba Inu Coin On Crypto.com?
Crypto.com is a leading cryptocurrency platform that offers several features like buying and selling cryptocurrencies, staking, earning, and many more. It is an easy-to-use platform that is suitable for both novice and professional traders. If you want to buy Shiba Inu coin on Crypto.com, here are the steps to follow.
Step 1: Create An Account
The first step is to create an account on Crypto.com. You can do this by visiting their website or downloading the app on your phone. Once the app is downloaded, follow the sign-up steps and fill in your necessary details like name, email, and password.
Step 2: Complete KYC verification
After creating an account, you must complete the KYC verification process. This process is mandatory for all users to comply with the company’s regulations. You will have to provide identification documents to verify your identity like a passport or driver’s license. This step may take a few minutes or hours, depending on the response time.
Step 3: Fund Your Account
To start trading on the platform, you need to fund your account using your credit or debit card, bank transfer, or cryptocurrency wallet. Crypto.com supports multiple currencies, including USD, EUR, GBP, AUD, and many more. You can deposit any amount you desire, but some payment methods will have deposit limits.
Step 4: Buy Shiba Inu Coin
Once your account is funded, navigate to the “Trade” section of the app and select SHIB from the list of available cryptocurrencies. Indicate how much Shiba Inu you want to buy and choose the payment method you want to use. Double-check that the currency and the amount are correct before proceeding. Click “confirm,” and your order will be processed and reflected in your Crypto.com wallet.
Step 5: Withdraw Your Shiba Inu Coin
After buying Shiba Inu coin, It is recommended to transfer the coins to a personal wallet that you own. You can choose to transfer Shiba Inu coin to another cryptocurrency wallet or hardware wallet to secure your coins further.
Step 6: Sell Your Shiba Inu Coin
If you’re looking to sell Shiba Inu coin, you can follow the same process you used to buy the coin. Navigate to the trade section, choose SHIB, indicate the amount you want to sell, and confirm the order.
Shiba Inu Coin Frequently Asked Questions (FAQs)
Q: What is Shiba Inu coin?
A: Shiba Inu coin is a cryptocurrency that was created as a joke in August 2020 but gained significant popularity among investors.
Q: What is Crypto.com?
A: Crypto.com is a leading cryptocurrency platform that allows users to buy, sell, trade, and earn cryptocurrencies.
Q: Can I buy Shiba Inu coin on Crypto.com?
A: Yes, you can buy Shiba Inu coin on Crypto.com by following the steps mentioned in the article.
Q: What is the total supply of Shiba Inu coin?
A: The total supply of Shiba Inu coin is one quadrillion.
Q: Is it recommended to transfer Shiba Inu coin after buying to a personal wallet?
A: Yes, it is recommended to transfer Shiba Inu coin to a personal wallet that you own to secure your assets.
Conclusion
Shiba Inu coin has become popular in the cryptocurrency market due to its potential to offer high returns to investors. Although it was created as a joke, it has gained massive popularity, with a market capitalization of over $3 billion. If you want to buy Shiba Inu coin on Crypto.com, follow the steps mentioned in the article, and purchasing the coin will be a smooth process.