How to Buy Shiba Inu UK

This buy Shiba Inu UK guide will explore the best platform to buy the canine crypto easily and safely.

Very few crypto assets have divided opinions as much as Shiba Inu. The Dogecoin killer has been a media favourite since it burst out onto the scene this year. Many experts expect the price of Shib to soar in the coming days especially with the growing adoption of the dog-themed crypto.

Quick Steps on How to Buy Shiba Inu Coin on eToro

  • Register with eToro: Locate the eToro homepage, and click on ‘Join Now’
  • Upload ID: Upload a snapshot of your driver’s license and a recent copy of your utility bill
  • Deposit: Make a minimum deposit of 37.78 GBP through bank transfer, credit/debit card, or PayPal.
  • Buy cryptocurrency: Type ‘SHIBxM’ into the search box, click ‘Open Trade’ to buy Shiba Inu

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Best Broker to Buy Shiba Inu UK

1. eToro - Overall Best Crypto Broker to Buy Shiba Inu

eToro is a popular online crypto broker that was founded in January 2007. eToro offers low fees and has amazing analytical and trading tools, with the CopyTrade feature standing out.

The CopyTrade option allows you to mirror the successful trades of highly experienced traders on the platform for free. In addition, deposits on eToro are free, but there is a withdrawal fee of 3.77GBP. You can make payments on eToro using a wide range of simple payment solutions like bank transfers, credit/debit cards, e-wallets like PayPal. eToro has about 50 crypto-to-crypto trading pairs on offer.

eToro is a fully regulated broker with operational licenses from the Financial Conduct Authority (FCA), the Cyprus Securities Exchange Commission (CySEC) in Europe, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Services Authority Seychelles ("FSAS") in Seychelles.

Besides Shiba Inu, eToro also supports trading for large-cap assets like Bitcoin, Ethereum, Cardano, and 20+ others. The social trading platform is also a popular destination for ETFs, commodities, CFDs, stocks, bonds, and FX currency pairs.

Pros

  • Regulated platform
  • CopyTrade feature available

Cons

  • 3.77 GBP withdrawal fee

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What Is Shiba Inu (SHIB)?

Shiba Inu has been creating waves since its launch. Why are investors buying Shiba Inu, and how did it gain so much publicity?

The Dogecoin killer was created in August 2020 by an anonymous creator known as Ryoshi. Shiba Inu gets its name from the Japanese breed hunting dog and features a mascot with a similar name.

Having cute canines as their mascot isn’t all Dogecoin and Shiba Inu have in common; they are both meme coins.

Meme coins are cryptocurrencies associated with a theme - such as the cute mascots these coins boast of. At their core, meme coins are meant to show the fun side of investing in cryptocurrencies, and most meme coins have been used for benevolent endeavours.

According to the Shiba Inu white paper the coin was created to respond to the question: “What would happen if cryptocurrency projects were 100% run by its community?”

The founder of the asset claims that the decentralisation of the meme coin would prove more effective than centralisation ever did.

The guiding tenets of the Shiba Inu ecosystem are spelt out in a "woof paper" available on the SHIBA token website.

These tenets contain the founding principles of the asset, followed by the SHIBArmy base of over 1,000,000 members. These are:

  • A deep professed love of Shiba Inu dogs.
  • The project started with nothing, in the spirit of bringing something to life from nothing.
  • It was created without an existing community or pre-assembled team.

However, a love for dogs was not all that prompted investors to buy Shiba Inu. Because SHIB is an ethereum-based ERC-20 token, the digital asset boasts fewer charges and faster processing. In addition, building the Shiba Inu ecosystem on Ethereum provided more security and allowed the project to stay decentralised.

Why Buy Shiba Inu coin UK?

The SHIB project had a perfect start as a few weeks after the coin launched, the asset’s price rose by 27,000%. This increase was an outstanding performance percentage-wise, but the token price did not reach one-tenth of a cent.

Following the appearance of Tesla and SpaceX CEO Elon Musk on SNL, the spotlight was thrown on SHIB. The meme coin attracted the interest of investors when it went up by 2,405% in three days to hit a price point of 0.0000388 on May 10. The Shiba coin quickly dropped and traded between $0.000006 and $0.000008 over the summer.

In October 2021, SHIBA price soared more than ten times, raking up a market capitalisation of $35 billion and jumping to the 10th spot on the crypto ranks.  Experts attributed this surge to a tweet from Billionaire and Tesla founder Elon Musk. The tweet of his newly acquired pet- A Shiba dog, provided the impetus for the meme coin price to rally once more.

This surge caused Shiba price to go up by more than 120% in a single day. However, in another tweet where the billionaire admitted to not owning any of the Shiba Inu coins, its price dropped by 7% after that.

Meanwhile, Shiba Inu has generally tracked the movement of the broader crypto market and hit an all-time high (ATH) of $0.00008616 on October 28. This spike was followed by a recent listing on popular centralised exchange Kraken, with SHIB rallying 30% on the announcement.

 At the time of writing, the price of SHIB is around $0.000034, and the digital coin is listed at 13th place with a market dominance of 0.85%. While the coin is currently on a bearish run, Shiba Inu price is predicted to go up to$0.000047 by the end of December 2021 and investors are advised to buy Shiba Inu at its dip.

The SHIB developers geared up with the launch of a collection of Non-Fungible Tokens (NFTs), which contained thousands of images of Shiboshi characters. They are available for purchase on ShibaSwap, with a secondary market on the OpenSea NFT platform.

Shiba Inu is still trading with the “big boys” despite the volatilities, and the coin’s future is looking up. The digital token is slowly evolving out of the meme coin niche with real-world use cases, and the future for the Dogecoin killer is looking up.

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Where to Buy Shiba Inu coin UK

  • Create an account on eToro

Navigate to the eToro homepage, click on ‘Join Now’, provide your full name, email address, mobile phone number. Then proceed to create a username and password. You can fast-track this by supplying your Facebook or Google account.

  • Verify Identity

You will need to upload a valid means of ID. eToro accepts driver’s license or any government-issued ID and a recent utility bill, not later than three months. With this, you get full access to all the features on the platform.

  • Deposit

Click on the action tab to make deposits, then select 'Deposit Funds'. This will take you to the deposit page, where you can either choose between using a bank wire transfer or other supported payment methods. Input the minimum amount of 37.78 GBP and click on 'Done' to confirm your deposit.

  • Buy Shiba Inu

Once you have deposited funds on eToro, you can then buy Shiba Inu straightaway. All you have to do is type in ‘SHIBxM’ into the search bar and click on the ‘Trade’ button to open the order page. Input the amount you want to invest, and then tap on 'Open Trade' to complete the transaction.

In any case, the best conclusion we can come to is that eToro is one of the most complete and trustworthy cryptocurrency exchanges. Their wallet eToro money keeps constantly adding new cryptocurrencies, which makes it easier to new investors to have everything in one place.

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Shiba Inu Coin Prediction for 2022

 After the predicted price increase of Shiba Inu, the token is expected to continue its movement in 2022. The price of SHIB is likely to be in an upward trend with a strong bullish run between January and June.

Experts predict that the coin will hit a price point of $0.0000828 in January. There is also an expected price drop to $0.000077 by June.

For the second half of 2022, the virtual asset is expected to follow the trend predicted for the first half of the year. This estimate is without the big price spike. However, the average Shiba Inu coin price might hit an outstanding $0.0000827.

The Shiba Inu price prediction says that it may grow into the vibrant ecosystem it strives to be by the end of 2022. Despite all these positive predictions, it’s important to note that cryptocurrencies are volatile and unpredictable. Investors are advised to buy Shiba Inu by all indications, but caution should be exercised.

How to Buy Shiba Inu coin UK?

There are several ways to buy Shiba Inu. The token is listed on various major exchanges, wallets and brokerage platforms. On either of these platforms, investors and traders are offered a wide range of payment options.

Here are some ways to buy Shiba Inu.

  • Buy Shiba Inu With BTC or ETH

You can buy Shiba Inu with other cryptocurrencies, especially with the two most popular digital assets, Bitcoin and Ethereum. You can easily make payments with these crypto assets without converting them using the BTC/SHIB or ETH/SHIB options.

  • Buy Bitcoin With PayPal

PayPal is a popular merchant for online purchases. It is accepted by a wide range of platforms/websites worldwide. You can buy Shiba Inu with PayPal on the social trading platform eToro with zero deposit fees.

  • Buy Shiba Inu With Bank Transfers

In the UK, online banking is pretty commonplace. Therefore, you can make payments when buying Shiba Inu through bank transfers.

  • Credit/Debit Card

This option is not left out, as you can quickly buy SHIB tokens on most platforms with your credit/debit card. However, we recommend confirming from your credit card issuer to note what fees you will pay for using this option. 

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What to Consider Before Selecting a Crypto Broker?

There are many crypto brokers from which you can buy Shiba Inu in the UK; however, before selecting any of them, there are some important points you have to consider carefully. We have discussed below some factors you should examine before making a choice. Take a look;

  • Trading fees

Deposits and withdrawals on crypto brokers’ platforms usually attract charges. While brokers charge meagre fees, the fees charged by others could be outrageous. Make sure you're comfortable with the broker fees charged by the broker of your choice.

  • User-friendliness

A crypto broker that has an easy-to-use interface is the ideal platform. This will make it easy for you to place trade and take your profits without any difficulty. eToro is user-centric and provides a straightforward means to buy Shiba Inu and other crypto assets.

  • Payment methods supported

Everyday payment solutions are now rampant for crypto purchases. Some of the most popular means of making deposits like bank wire transfer, credit/debit card, PayPal, Skrill, and Neteller have since been adopted for crypto purchases. Choosing a broker will require analysing if the selected broker supports these payment methods. 

  • Liquidity

Liquidity is how quickly and easily one can convert cryptocurrency into cash without the digital asset's value plunging before the conversion is achieved. On eToro, you can easily convert your crypto to cash in minutes. Thus, choose only a broker that offers seamless cryptocurrency conversion.

  • Trading tools

Trading tools are essential when trading cryptocurrencies as they offer insights and help make well-informed trading decisions. eToro has a lot of charts and analytical tools that can aid your trading. Coupled with this is the CopyTrade functionality, which helps to copy successful trades of other investors. This can be useful if you are relatively new to the crypto scene or want to put your investment on autopilot.

Conclusion

Although there are many options regarding different exchanges where you can buy cryptocurrency, eToro is one of the best, and the reasons are not far-fetched.

If you want to buy Shiba Inu UK, we advise you to consider using the eToro platform. eToro is fully regulated by the FCA in the UK and comes with additional security measures, thus ensuring that your funds are in safe hands. The platform also has the CopyTrade option that helps you mirror the successful trade of experienced traders. 

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FAQs on How to Buy Shiba Inu UK

  • What is Shiba Inu?

Shiba Inu is the number two meme cryptocurrency in terms of market cap, and the dog-theme token was created to rival Dogecoin. An Ethereum-based protocol, Shiba Inu aims to become much more than a parody coin. The project has recently expanded its use cases with the launch of an NFT project called Shiboshi.

  • Can I buy Shiba Inu coin instantly?

Yes. Once you have verified your account on eToro and made a deposit, you can buy Shiba Inu instantly.

  • Where can I buy Shiba Inu crypto in the UK?

You can buy Shiba Inu from many crypto brokers in the UK. However, we recommend using social trading leader eToro. The signup process on eToro is simple, which will see you own some SHIB tokens in a matter of minutes.

  • What is the future potential of Shiba Inu?

No one knows the future potential of any crypto asset; however, with the many use cases Shiba Inu is adding, coupled with the token burn, we can say that Shiba Inu is a great token to buy for this time future profit.

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