Modern Slave
  • Home
  • Bitcoin
    Coinbase Opens Offshore Crypto Derivatives Exchange

    SEC Sues Crypto Exchange Coinbase on Unregistered Securities Exchange Allegations

    Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon

    Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon

    Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

    Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

    Apple's Vision Pro Headset May Change the Way the Metaverse and Web3 is Created

    Apple’s Vision Pro Headset May Change the Way the Metaverse and Web3 is Created

    Optimism $OP 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'

    Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’

    Crypto Execs From Coinbase, Messari Give Washington Influence Another Go With FTX Anchor Around Necks

    Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says

    Introducing CoinDesk’s First-Ever ‘Consensus @ Consensus’ Report

    Introducing CoinDesk’s First-Ever ‘Consensus @ Consensus’ Report

    BNB, CAKE Crypto Prices Plummet Following SEC Crackdown on Binance

    BNB, CAKE Crypto Prices Plummet Following SEC Crackdown on Binance

    Will ‘Rare Satoshis’ Be the Next Big Crypto Craze?

    BRC-20 Staking to Go Live: Benefits & Risks Exposed!

  • Blockchain
  • Celsius
  • Crypto Mining
  • Ethereum
  • Exchanges
  • Forex Trading
  • Market
  • Regulation
  • More
    • XRP
    • Stellar
    • Store
  • Home
  • Bitcoin
    Coinbase Opens Offshore Crypto Derivatives Exchange

    SEC Sues Crypto Exchange Coinbase on Unregistered Securities Exchange Allegations

    Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon

    Zodia Custody to Offer Staking to Institutional Clients Through Blockdaemon

    Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

    Why Did Bitcoin BTC Price Fall to $25.4K? SEC Lawsuit Against Binance Rocks Crypto Markets

    Apple's Vision Pro Headset May Change the Way the Metaverse and Web3 is Created

    Apple’s Vision Pro Headset May Change the Way the Metaverse and Web3 is Created

    Optimism $OP 'Bedrock' Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to 'Superchain'

    Optimism $OP ‘Bedrock’ Upgrade to Speed Confirmations, Cut Gas Fees, Set Path to ‘Superchain’

    Crypto Execs From Coinbase, Messari Give Washington Influence Another Go With FTX Anchor Around Necks

    Binance SEC Lawsuit Could be Preview of What Coinbase May Face, Berenberg Says

    Introducing CoinDesk’s First-Ever ‘Consensus @ Consensus’ Report

    Introducing CoinDesk’s First-Ever ‘Consensus @ Consensus’ Report

    BNB, CAKE Crypto Prices Plummet Following SEC Crackdown on Binance

    BNB, CAKE Crypto Prices Plummet Following SEC Crackdown on Binance

    Will ‘Rare Satoshis’ Be the Next Big Crypto Craze?

    BRC-20 Staking to Go Live: Benefits & Risks Exposed!

  • Blockchain
  • Celsius
  • Crypto Mining
  • Ethereum
  • Exchanges
  • Forex Trading
  • Market
  • Regulation
  • More
    • XRP
    • Stellar
    • Store
No Result
View All Result
Modern Slave
No Result
View All Result
Home Exchanges

How To Buy Shiba Inu (SHIB) – Forbes Advisor UK

by Source in article
May 11, 2022
in Exchanges
0
How To Buy Shiba Inu (SHIB) – Forbes Advisor UK

Shiba Inu (SHIB) is a memecoin – a distinction it shares with Dogecoin (DOGE), which also has a Japanese dog breed as a mascot.

A memecoin is an ‘altcoin’ – a cryptocurrency other than Bitcoin – which is based on an internet meme. This in turn is a kind of online inside joke in the form of an image repeatedly altered and shared.

SHIB is one of the top 15 cryptocurrencies based on market capitalisation, making it a potentially attractive option, especially for those looking to diversify their crypto holdings.

While one SHIB is currently worth around $0.000015, that’s down by around 65% from its peak in October last year, when Tesla owner (and bidder for Twitter) Elon Musk tweeted about the memecoin.

Featured Partner Offer

Cryptocurrencies Available For Trade

60+

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with eToro. Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk.

SHIB is a great example of the volatility of cryptocurrencies. If you’re considering investing in crypto, you should be prepared to lose everything you put in – that’s the warning from the UK’s financial watchdog, the Financial Conduct Authority (FCA).

But if you’re aware of the risks and still want to buy Shiba Inu, here’s how to do it.

How to buy Shiba Inu (SHIB) in 4 steps

1. Choose a crypto exchange

You’ll need a crypto exchange to buy Shiba Inu. An exchange is a place, either a website or an app, where buyers and sellers meet to exchange fiat currency (Sterling, in the UK) for cryptocurrencies, or one cryptocurrency for another.

There are hundreds of exchanges to choose from. They include big names such as eToro and Coinbase as well as smaller exchanges like Bitstamp. If you’re unsure which to choose, read our guide to the best crypto exchanges for 2022.

Some things to consider include:

  • Payment methods – check that the exchange accepts your preferred payment method and what fees apply. Many exchanges don’t accept PayPal, for example, and many charge 3.99% in debit or credit card payments.
  • Integrated wallet – check if the exchange offers an integrated wallet to securely hold your SHIB. If you’d prefer to hold it in a third-party wallet, check if withdrawals are allowed and whether any fees apply.
  • Currencies traded – Check that the exchange you’re signing up to actually allows you to trade SHIB.

2. Choose a payment method

Bank transfers are the most widely accepted and cost-effective way to pay for cryptocurrency. Many exchanges accept debit and credit cards, but for a fee of around 3.99% – and any money spent on fees is money that could have been invested.

There are two good reasons not to use a credit card to pay for cryptocurrency. First, it’s generally a bad idea to take on debt to pay for an investment as volatile as crypto. Second, your card issuer will treat the payment as a cash advance rather than a regular purchase and charge a higher rate of interest from the point of the transaction.

Very few exchanges accept PayPal, and those that do charge fees.

3. Place an order

Once you’ve chosen an exchange and a way to pay, navigate to the Shiba Inu page on the website or app and enter the amount you’d like to invest.

4. Choose a storage method

Many exchanges have integrated wallets in which to store your SHIB, but you may prefer to store it in a third party wallet.

Assuming your exchange allows transfers out (for which they may charge a fee), you have the choice of a ‘hot’ or ‘cold’ wallet.

A cold wallet is a physical storage device like a hard drive or flash drive that isn’t connected to the internet. A hot wallet is a virtual wallet held online. 

The former is more secure against hackers but only accessible by you. If you were to lose your own access keys, there would be nobody else with access to help you retrieve your crypto. The latter is less secure against hackers as it’s online, but the wallet provider may be able to offer assistance if you lose your access codes and can’t get into your wallet.

The choice between the two is a matter of weighing up ease of access against security.

Featured Partner Offer

Cryptocurrencies Available For Trade

60+

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with eToro. Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk.


Source link

Recommended

Crypto exchanges look at new businesses - Business Today

Crypto exchanges look at new businesses – Business Today

1 year ago
Crypto industry on defensive as Ukraine crisis spotlights Russia sanctions compliance

Crypto industry on defensive as Ukraine crisis spotlights Russia sanctions compliance

1 year ago

Popular News

    Sui Network, a New Blockchain From Ex-Meta Employees, Launches Its Testnet

    Turbos Finance Launches Smart Routing for Stablecoins on Layer 1 Sui

    June 6, 2023
    Coinbase Opens Offshore Crypto Derivatives Exchange

    SEC Sues Crypto Exchange Coinbase on Unregistered Securities Exchange Allegations

    June 6, 2023
    Blockchain analyst firm Elementus raises funds at $160M valuation. Clients include Celsius and BlockFi creditors - Fortune

    Next Cryptocurrency to Explode Monday 5 June – Ecoterra, XRP, Kava – Inside Bitcoins

    June 6, 2023

    Must Read

    • Turbos Finance Launches Smart Routing for Stablecoins on Layer 1 Sui
    • SEC Sues Crypto Exchange Coinbase on Unregistered Securities Exchange Allegations
    • Next Cryptocurrency to Explode Monday 5 June – Ecoterra, XRP, Kava – Inside Bitcoins
    • Crypto Markets Stay Down Following SEC Suing Binance
    • Genesis Wins More Time to Submit Final Payout Proposal

    Category

    • Bitcoin
    • Blockchain
    • Celsius
    • Crypto Mining
    • Ethereum
    • Exchanges
    • Forex Trading
    • Market
    • Regulation
    • Stellar
    • XRP

    Important Pages

    • Home
    • Privacy Policy
    • Terms and Conditions
    • Social Media Disclaimer
    • Medical Disclaimer
    • FTC Compliance
    • Earnings Disclaimer
    • DMCA Compliance
    • Copyright Notice
    • Anti-Spam Policy
    • Contact Us

    About Us

    We provide latest News related to CryptoCurrency.

    • Home
    • Contact Us
    • Terms and Conditions
    • Privacy Policy
    • Copyright Notice

    © 2021 Modernslave.io

    No Result
    View All Result
    • Home
    • Bitcoin
    • Blockchain
    • Celsius
    • Crypto Mining
    • Ethereum
    • Exchanges
    • Forex Trading
    • Market
    • Regulation
    • Stellar
    • XRP

    © 2021 Modernslave.io

    By continuing to browse the site you are agreeing to our use of cookies
    x Logo: Shield Security
    This Site Is Protected By
    Shield Security →

    Subscribe For Latest Updates

    Sign up to best of crypto news, informed analysis and opinions on what matters to you.

    Invalid email address
    We promise not to spam you. You can unsubscribe at any time.
    Thanks for subscribing!