How to Buy Shiba Inu on Crypto.com

The landscape of cryptocurrency is constantly shifting and evolving these days, as more crypto services, platforms, wallets, and exchanges are made available online, and more cryptocurrencies are constantly being created.

Staying up to date on the latest crypto services and tokens is essential for crypto traders and investors to properly manage their assets and stay one step ahead of the ever-changing crypto game.

As a cryptocurrency enthusiast, trader, or investor, chances are you have probably heard of the Shiba Inu cryptocurrency token, also known as the dogecoin killer.

Ever since May 2021, Shiba Inu has been creating quite the social media hype as traders scramble to buy SHIB and add it to their collection of crypto assets.

This article will serve as a comprehensive guide on how to buy Shiba Inu on crypto.com, a widely used crypto exchange platform.

The article will outline what Shiba Inu is and what crypto.com is, following which it will provide a step-by-step guide on how to buy Shiba Inu on crypto.com.

So let’s get into it!

What is Shiba Inu Coin?

Created in August of 2020, Shiba Inu, or SHIB, started out as a joke crypto token that used the popular doge meme to attract attention to itself.

Since then, the value of SHIB has steadily increased, before skyrocketing in May 2021 after being added to Binance’s list of supported cryptocurrencies.

Following this event, the number of internet users buying SHIB has substantially increased, along with the social media hype surrounding the crypto token, as well as its exchange value.

One of the most important aspects to know about Shiba Inu is that it runs on the Ethereum Blockchain, making it one of many ERC-20 tokens.

Moreover, SHIB makes use of the smart contract technology that skyrocketed the Ethereum Blockchain through the roof a few years ago.

The developers of SHIB wrote out a 22-page long document (known as a white paper) that stated the purpose of the new crypto token.

According to the white paper, Shiba Inu’s main purpose is the preservation of that central dimension of the crypto sphere that nobody should take for granted: decentralization.

Simply put, SHIB’s mission is to permit transparent and peer-to-peer trades and transactions, without any mediative role by a third-party moderator.

Therefore, this community-run and collectively decentralized crypto token must run on the Ethereum Blockchain, which is known for upholding the values of decentralized finance.

The Ethereum Blockchain is highly secure, fast, and well established, not to mention all transactions occurring on the Ethereum Blockchain are entirely peer-to-peer.

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What is Crypto.com?

Crypto.com is a widely used cryptocurrency platform that provides its users with a variety of crypto services.

This includes buying, exchanging, sending, tracking, and even earning cryptocurrencies in a wide variety of different tokens.

Founded in 2016, the site currently has over 3 million users and continues to expand with every new service and crypto token introduced on the platform.

The platform known as crypto.com is home to two native tokens, known as MCO and CRO tokens.

While the MCO token is a staking token, CRO is a transaction token, meaning that while the site has a dual-token system, each of these crypto tokens is used for different services.

Moreover, with reasonable maker/takers fees starting at just 0.2%, as well as an open and competitive fee structure, crypto.com has proven itself to be a highly user-friendly and accessible platform that hosts a variety of different services.

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Where to Buy Shiba Inu Coin?

Although Coinbase was the first platform to announce the introduction of Shiba Inu, Coinbase never ended up incorporating this new crypto token onto its platform.

The first exchange to add SHIB to their list of supported cryptocurrencies was Binance, where Shiba Inu can still be purchased today.

However, there are now multiple platforms on which you can buy the Shiba Inu coin.

Some of these include crypto.com, Uniswap (Trust Wallet), Atomic Wallet, and Kucoin.

On some of these platforms, you can buy SHIB directly, while on others you have to trade Ether, the native crypto of the Ethereum Blockchain, for its exchange value of SHIB.

While it is entirely possible to buy Shiba Inu on any one of the platforms mentioned above, this article will only concern itself with buying Shiba Inu on crypto.com.

How to Buy Shiba Inu on Crypto.com?

As mentioned, Shiba Inu is available for purchase on multiple different platforms, crypto.com being just one of them. Below is the step-by-step procedure for buying SHIB on crypto.com.

Step One

Download crypto.com on your mobile device as an IOS or Android application

Step Two

If you have a referral code, you will be prompted to enter it.

Select the button that reads ‘Invite’ and enter the referral code in the box provided.

Step Three

Complete the registration process for crypto.com and pass the KYC verification.

Step Four

Crypto.com has a referral bonus that can be unlocked to claim a reward by staking a minimum of 5000 CRO on the crypto.com exchange.

To purchase CRO for staking, you can use a credit/debit card, bank transfer, or have them sent directly to your wallet in exchange for another cryptocurrency.

Step Five

Select the center logo on the crypto.com app.

After this, select ‘Crypto Wallet’ and then ‘Buy’.

Step Six

Search for the Shiba Inu crypto token under the name SHIB. Next, select the payment method you would like to use upon checking out.

You can use a credit/debit card, bank transfer, or crypto wallet.

Step Seven

Once you have made the purchase, your SHIB tokens will be added to your crypto wallet.

Congratulations, you are now the owner of Shiba Inu crypto tokens on crypto.com.

Conclusion

Ever since the massive social media hype surrounding Shiba Inu, crypto traders have been scrambling to get their hands on this crypto-token, causing its exchange value to increase substantially.

Today, you can easily buy Shiba Inu on crypto.com, as well as other platforms.

Given the ever-increasing value that SHIB is seeing today, it is difficult to say how your investment in Shiba Inu could go wrong in the near future.

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