How to Buy Shiba Inu

(SHIB)

What is Shiba Inu (SHIB)?

In August 2020, an anonymous developer named “Ryoshi” created Shiba Inu as the “Dogecoin killer.” Shiba Inu and Dogecoin both belong to a family of cryptos called “dog meme coins.” Shiba Inu is built on top of the Ethereum blockchain and has three tokens – SHIB, LEASH, and BONE. SHIB is the main utility token and the one listed by CoinSmart.

SHIB has fast become one of the most popular tokens in the world. The Shiba Inu community is one of the most rabid communities, which is willing to rally together and push the token price up when needed. SHIB started with a circulating supply of one quadrillion. Ryoshi locked 50% of the supply in decentralized exchanges to create liquidity, while the other 50% was sent to Ethereum co-founder Vitalik Buterin. Buterin has since donated most of it to India’s Covid Relief and burned the rest.

What can you do with Shiba Inu?

Send SHIB To A Friend

The core functionality of SHIB is as a utility token. Being a public coin on a peer-to-peer network, you can send SHIB to anyone in the world, as long as they have a SHIB address. Being an ERC20 token, any Ethereum-compatible wallet is enough for you to send and receive SHIB.

Participate In ShibaSwap

Shiba Inu has its own DeFi ecosystem called ShibaSwap which allows holders to provide liquidity to different SHIB token pairs and earn yield. This is a very useful way to earn passive income. You can even buy NFTs in ShibaSwap.

Stake SHIB

Using ShibaSwap, you lock up (or “bury”) your SHIB tokens within the ecosystem to earn yield. If you are planning to hold SHIB long-term then it may be prudent to stake them and put them to use.

Hold Shiba Inu

Many people buy SHIB for profit expectations and to benefit from long-term gains. If you do have a "buy-and-hold" strategy, then we recommend transferring your coins to a cold hardware wallet like Ledger Nano. Having said that, CoinSmart has taken several security measures to ensure user fund protection. These include – mandatory 2FA, withdrawal confirmation emails, cold storage & BitGo user funds insurance.

Buy/Sell/Trade SHIB

CoinSmart’s highly liquid platform allows you to buy and sell SHIB with ease. You can also trade SHIB for any other coin via SmartTrade within just one step.

Entry Point To Crypto

Memecoins like SHIB and DOGE attract a lot of newcomers to the crypto space due to celebrity endorsements or Twitter campaigns. As such, SHIB could be a great way to introduce newcomers to the world of cryptocurrencies.

Steps to Buying Shiba Inu

Purchase Shiba Inu with Credit Card

With CoinSmart you can instantly fund your account with your credit card (up to 6% fees) and make your trades.

Purchase Shiba Inu with Bank Transfer

Fund your account with ease via bank wire transfer, bank draft, and Interac e transfer. Receive your funds on the same day and buy SHIB.

Purchase Shiba Inu with Other Cryptos

Use SmartTrade to convert one of your other cryptos to SHIB in one step. SmartTrade allows you to instantly buy and sell Shiba Inu and other cryptocurrencies.

Why Buy SHIB
on Coinsmart?

Trade safely with our powerful security

CoinSmart utilizes world-class cybersecurity to provide the best and safest trading environment for our users. The vast majority of the digital assets are securely held in cold storage crypto wallets. CoinSmart users need to use Google 2FA and Email Withdrawal Confirmations to access their accounts.

Jargon-free,
Complication-Free

CoinSmart has the most user-friendly and simple-to-understand interface in the market. CoinSmart is the perfect starting point if you are new to crypto, thanks to its 24X7 client service and jargon-free approach.

Buy SHIB on the go

Download the CoinSmart mobile app and invest in Shiba Inu and other cryptos anytime, anywhere. The app is available on both iOS and Google Play Store.

Made with <3 in Canada

CoinSmart is proudly Canadian. We want to create the ideal crypto platform for our users in Canada, Europe, and beyond. To provide a safe environment for our users, CoinSmart has worked closely with the Ontario Securities Commission (OSC) to obtain the license as a restricted dealer. In simple terms, we are legally obliged to operate transparently and ethically.

About Coinsmart

Regulation First

CoinSmart is working closely with regulators, being a publicly-traded company. Currently, we are obtaining licenses for jurisdictions around the world to work hand-in-hand with regulators. Regulated, centralized exchanges with a fiat on-ramp are necessary for the future growth of the ecosystem.

Commitment to Transparency

CoinSmart is required by law to adhere to strict principles of fund transparency. CoinSmart’s financial reports are regularly published on both our website and SEDAR. Users can easily keep track of any and all operational expenses.

A Powerhouse Team

CoinSmart is led by a fantastic group of individuals and a board of directors. The three co-founders have previous experience in successfully founding and running startups. The board includes a “Top 40 Under 40” recipient, a founding member of the “Women General Counsel Canada” (WGCC), and the SVP of a multi-billion dollar company.

CoinSmart
Reviews &
Testimonials

“The Coinsmart staff has been very helpful and assisted me when I had any issues. They answered all my questions and resolved any problems that I encountered! This has been a great support as a newbie in this space.”

– Al Torjdamn

“Very impressed that I got live customer support at 2 AM! They were very helpful and even told me about some new features coming to CoinSmart. I will recommend CoinSmart to all my friends. Keep up the great work!”

– Hayley

“I use CoinSmart as my primary exchange. It’s got a nice layout, it’s easy to navigate, the verification process was quick and easy and I was able to fund my count without issues afterward. I had a couple of questions and they were very informative in answering them. The customer support even reminded me of their referral options which have ended making me a little extra cash to play with.”

– Brandyn Funk