This is the governance token of the Shiba Inu Ecosystem
It is called BONE (GOD knows why)
But this is not important. The important is that you know the quickest way to buy Bone ShibaSwap (either if you are a US or NON-US resident).
How to Buy Bone ShibaSwap?
Want to jump straight to the answer? Here’s my 3-Step Process:
STEP 1. Choose a Fiat-to-crypto exchange
Sign up for an exchange that offers fiat-to-crypto purchases. There are two routes:
- Route 1 (CEX): We recommend MEXC for NON-US and US residents.
- Route 2 (DEX): To purchase ETH, we recommend Binance (NON-US residents only) and MEXC (US & NON-US).
Alternatives: You can use a non-custodial exchange like Changelly
STEP 2. Buy a Crypto Paired with BONE
Bone ShibaSwap (BONE) is paired with USDT, WETH, USDC, SHIB, and others. Buy USDT to use a Centralized Exchange (CEX). Buy ETH if you prefer a decentralized exchange (DEX).
STEP 3. Buy BONE Shibaswap in a supporting Exchange
We recommend a centralized exchange like MEXC or a decentralized exchange like ShibaSwap and UniSwap.
STEP 4 (Bonus). Keep your BONE Token safe
This step is often overlooked. “Not your keys, Not your coins.” Keeping your coins in an exchange is never wise (see the recent FTX collapse). The best hardware wallet for Bone ShibaSwap is Ellipal. Alternative options are SafePal and Ledger Nano X
NOTE: If you want a DETAILED description of the process. Keep on reading!
Where to Buy Bone ShibaSwap (BONE)
We recommend the following crypto exchanges:
Best US CEX
MEXC Global
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
Flat 0.20%
Account Minimum:
~$1 minimum
Best NON-US CEX
Binance*
Payment Methods:
Credit/Debit Card, Bank Transfer (SEPA & SWIFT), P2P, ACH, Wire.
Fees:
0.02% – 0.1%
Account Minimum:
varies by deposit method
Best DEX
ShibaSwap
Payment Methods:
NONE
Fees:
~0.30%
Account Minimum:
NONE (Wallet Needed)
*Note: Binance does not support BONE ShibaSwap directly. NON-US residents can use binance to purchase ETH and then swap it for BONE on ShibaSwap DEX.
Bone ShibaSwap (BONE) is the governance token of the ShibaSwap, a decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem.If you want to vote on proposals and shape the future of Shiba Inu this is the token to hold.
Here’s how to buy Bone ShibaSwap in a nutshell. If you want a DETAILED, step-by-step guide, here’s what we’ll cover:
- 1. How to buy Bone ShibaSwap (BONE) in 3 DETAILED Steps (CEX & DEX Routes)
- 2. Where to keep BONE token SAFE (from human error and online hackers)
- 3. FAQs
1. Buy Bone ShibaSwap in 3 DETAILED STEPS
In this section, you will know EXACTLY (Step-by-Step) how and where to buy Bone ShibaSwap (either if you are a US or Non-US resident we got you covered).
There are two routes you can take to purchase Bone ShibaSwap (BONE):
- Route 1. Centralized exchanges (CEX): A Centralized cryptocurrency exchange is also called custodial because they hold the keys to your funds. It is more suitable for beginners as the UX is better and the process is simpler.
- Route 2. Decentralized Exchanges (DEX): Decentralized crypto exchanges are also called non-custodial because you hold the keys to your funds at all times. You will need a software or hardware wallet to connect to the exchange. It is a bit more complicated because the UX is still not there.
I will not leave any stone unturned (If you are new, DON’T WORRY!)
STEP 1 – Sign UP For MEXC Global
Launched in 2018 in Seychelles, MEXC global is a well-established and reputable cryptocurrency exchange that ranks among the top 15 global exchanges. MEXC Global has met all regulatory requirements and holds licenses in the United States, Switzerland, Canada, Australia, and other countries.
MEXC global offers over 800 cryptocurrencies and has competitive platform fees (0.2%). MEXC provides fiat-to-crypto services (card, bank transfer, P2P, etc.), as well as spot, margin, and futures trading, ETFs, and staking services. We recommend MEXC Global for your fiat-to-crypto purchases
To create a MEXC Global account follow these steps:
Step 2: Sign up with your email or cell phone number. Create a hacker-proof password and enter the email verification code you will receive. When you are ready, read and accept the user agreement. Then click on “Sign up.”
Step 3: We recommend reducing your account risk level by enabling MEXC/Google authenticator.
- 3.1 Go to Security, select “Security Recommendations,” and then select Set Up under MEXC/Google Authenticator.
- 3.2 Download MEXC/Google Authenticator for mobile or browser.
- 3.3 Follow the steps on the screen to set it up correctly
Step 4 (Optional): We recommend passing the primary KYC in order to enhance your 24-hour withdrawal limit to 40 BTC and receive additional perks and bonuses. MEXC Global may request KYC for bank transfers, P2P trading, and other services.
- 4.1 Under Identification click on “Primary KYC” and then “Verify”
- 4.2 Provide all the details and click on “Submit for review”
Approval is fast! It won’t take long! Check your email for confirmation!
STEP 2 – Buy USDT on MEXC Global
MEXC Global supports fiat-to-crypto exchanges with a variety of payment methods: Credit/Debit Card for quick transactions and Bank Transfers (SEPA & SWIFT).
Step 1: Next to MEXC Global logo hover over Buy Crypto and click “Third-party payment.”
Step 2: Enter your fiat currency amount in the Pay box. Pick USDT in the Get box. Choose your selected service provider, and press the “Buy USDT” button.
Step 3: You will be taken to the service provider’s website, where you will enter your information and make the purchase.
Step 4: That’s it! You have purchased USDT!
Note: You can deposit fiat currency into your account using the global bank transfer option (SWIFT/Wire Transfer). This option is cheaper but slower (it may take a few days), and requires advanced KYC identification. For faster and more efficient transactions we recommend choosing a third-party supplier that accepts both credit/debit cards as well as local and international bank transfers (e.g., Simplex).
STEP 3 – Buy BONE ShibaSwap on MEXC Global
MEXC Global offers both beginner (spot trading) and advanced trading tools such as margin trading and quantitative trading. The trading exchange platform is really simple to use.
Step 1: At MEXC Global Exchange, hover over Trade and click on “Spot.”
Step 2: Look for BONE/USDT in the search bar, then click on “BONE/USDT” to open the chart.
Step 3: Below the chart is a panel with multiple order options (Limit, Market, and Stop-Limit). To buy Bone ShibaSwap at the current market price select Market, and set the percentage of your USDT balance that you are comfortable investing/trading (use the green slider below).
Step 4: Then hit “Buy BONE.” Confirm your order and your BONE will be in your account.
Note: Simply put, a Limit order allows you to place an order at a specific price or better to set better entries and take-profit targets. A Market order executes an order at the current market price. A Stop-limit order is a type of stop-loss that becomes a limit order at the stop price (only executing at the limit price or better)
If you want to use a decentralized exchange (DEX), the process is a little more complicated. DON’T Worry, we’ve broken everything down for you step by step below.
ShibaSwap
ShibaSwap is the Shiba Inu decentralized exchange (DEX) where you can exchange, trade, and earn rewards without the need for third parties.
ShibaSwap is essentially a Decentralized Finance (DeFi) ecosystem with its own decentralized exchange (DEX), akin to Uniswap or Sushiswap. Unlike centralized exchanges like Binance or Coinbase, DeFi platforms such as ShibaSwap enable traders to swap tokens without the use of order books or intermediaries of any kind.
ShibaSwap does not hold user funds. So, the first thing you’ll need is a cryptocurrency wallet.
There are two types of crypto wallets:
- Software (Online) Wallets: Software wallets are connected to the internet and are useful to move funds quickly. We recommend Metamask (browser) or Trust Wallet (mobile).
- Hardware (Offline) Wallets: Hardware wallets are the most secure way to store your coins and keep them away from hackers. The best hardware wallets for storing DOE tokens are Ellipal Titan, SafePal, and Ledger Nano X (see Section 2).
I will teach you how to buy bone shibaswap Metamask, one of the most popular software wallets. Remember to keep your crypto assets safe with a cold (offline) wallet.
Step 0: To get started, please install the Metamask Wallet extension (Chrome Web Store); the iOS app (app store), or android app (google play). The application is completely free.
Step 1: Click on the app extension (fox symbol) first and click on “get started”
Step 2: Click on “Create a Wallet”
Step 3: Click on “No thanks” or “I agree.” This is all up to you.
Step 4: Create a password, confirm it, tick the box that says “I have read and agree to the Terms of Use” and click on “create.”
Step 5: Watch the video about your Secret Recovery Phrase and click on “next.”
Step 6: Securely back up your 12-word recovery phrase (seed phrase). Keep it safe on a password manager or old pen and paper as Metamask cannot recover this phrase for you. After that click on “next.”
Step 7: Confirm your secret recovery phrase (in order) and click on “confirm.”
Step 8: Congratulations! You are set!
STEP 2: Buy & Transfer ETH
It is time to buy ETH. You can use a non-custodial exchange like Changelly and follow this link to purchase ETH. No KYC is needed, just your wallet address*.
*In Metamask, the wallet address is under your account name (initial page). Ensure you are on the right network (Ethereum Mainnet). Easy, RIGHT?
Or you can sign up to MEXC or Binance (Non-US). To buy ETH, follow these steps:
- MEXC: Buy Crypto > third-party > enter fiat currency amount in the Pay box > Pick ETH in the Get box > Choose service provider > Press “Buy ETH” button.
- Binance: Go to buy crypto > click on debit/credit card > Select ETH (on receive box) > select fiat currency and amount > Add new card > click on continue
If you use MEXC or Gate.IO please withdraw your ETH and USDC to your Metamask wallet. Follow the steps below:
- MEXC: Go to Overview (profile) > search for ETH > Click on Withdraw > Input Metamask wallet address > Withdrawal network (ERC20) > Choose amount > Click “Submit.”
- Binance: Go to wallet > fiat & spot > Next to BNB click on Withdraw > input metamask wallet > select Ethereum (ERC-20) > withdrawal amount > Click Withdraw
Tada! Your ETH is now ready to be traded into BONE in your wallet!
STEP 3: Connect Metamask Wallet to ShibaSwap
This step is crucial! Scammers use fake websites to steal your coins. Before connecting your wallet, make sure you’re on the official DEX website, or you risk losing your funds. Never share your seed phrases or private keys with anyone! Keep your coins safe with a cold/hardware wallet! You may potentially receive “spam tokens” in your wallet. Do not transact with such tokens, or you risk having your wallet compromised (aka hacked).
Connecting your Metamask Wallet to ShibaSwap is simple. Click on “Connect Wallet” in the upper right corner, then select Metamask Wallet from the list. Enter your Metmask password and unlock your wallet. Once you are in, select the account (s) to use on this site, click on “Next” and “Connect.”
STEP 4: Buy BONE on ShibaSwap
STEP 1: Ensure Ethereum Mainnet is selected. You must add the token BONE. On the initial screen go to import tokens. Enter the following addresses under the contract token address:
Bone ShibaSwap (BONE): 0x9813037ee2218799597d83D4a5B6F3b6778218d9
When you click “add custom token” and “import token”, BONE token will be displayed on your wallet.
Step 2: In the Swap Box, select ETH and search for BONE. Click on “BONE.”
Step 3: Enter the right amount of ETH you wish to swap for BONE and click “Swap” then “confirm Swap”.
Voilà! Your BONE token just arrived in your Metamask Wallet!
Alternative Bone ShibaSwap Exchanges
BITMART (US & NON-US)
BitMart is a global cryptocurrency exchange that allows customers in 180+ countries (including the United States) to trade over 1,000 digital currencies and pairs.
BitMart, founded in 2017, offers fiat-to-crypto payments, staking, margin trading, futures, and NFTs. BitMart charges a flat 0.25% fee regardless if you are a maker or taker. KYC Level 1 is required for fiat-to-crypto purchases and Level 2 is needed for trading.
LBank (NON-US)
LBank is a Hong Kong-based cryptocurrency exchange that was established in 2016. It has approximately 6.4 million registered users from 210 different countries and regions. Unfortunately, due to regulatory issues, LBank does not provide services in the United States.
LBank offers over 500 cryptocurrencies and competitive fees (0.10%). LBank services range from fiat-to-crypto purchases and spot trading to quantitive trading (grid trading), derivatives (ETF and futures), and staking.
CoinEx
CoinEx is a low-fee (0.2% max) cryptocurrency exchange based in Hong Kong. It offers fiat-to-crypto services, high-level security, and a large selection of altcoins. Users can access spot, perpetual markets, as well as margin trading. They have low KYC requirements to trade.
Non-Custodial Fiat-to-Crypto Exchanges
You can also use a non-custodial exchange (the exchange does not hold your private key or “password”), such as Changelly or SwapSpace, but you will need an altcoin exchange (custodial wallet) or cryptocurrency wallet (non-custodial wallet) to access your funds. This method requires no registration or KYC and is usually more convenient, but slightly more expensive.
Changelly
Changelly is a popular and well-established fiat-to-crypto exchange with the mission of making the exchange process simple for everyone. Changelly has been in operation since 2015 and provides the ability to buy crypto with fiat currency as well as exchange Bitcoin and 200+ altcoins in a fast, simple and secure way. Changelly does not require any registration/KYC.
2. STEP 4 – Keep BONE ShibaSwap SAFE
Have you heard about Lehman Brothers, Celsius, Voyager, and BlockFi?
What about the most recent? FTX exchange collapse (the next “big short movie?”)
We are talking about people losing retirement savings. People losing pensions. People losing homes. People losing health. People losing faith. People going bankrupt.
Crypto was invented to mitigate these risks (counterparty risk).
Centralized Exchanges (CEX) are the most convenient option for newcomers, but they are also the least secure for keeping your coins safe (you are injecting counterparty risk).
Centralized solutions suffer from corruption, mismanagement, censorship, and fragility (target for both hackers and government litigations).
There is a mantra in the crypto world: “Not your keys, Not your coins.”
Once you’ve bought your BONE ShibaSwap Token from the chosen exchange, be sure to transfer it to your personal crypto wallet. The safest option is a cold/hardware wallet.
What is a cold/hardware wallet?
A cold/hardware wallet is a physical device or object that does not have an internet connection. A cold wallet stores the keys offline (hacker-proof). Cold Wallets are non-custodial wallets (you hold your keys at all times) and are considered the safest option.
The best hardware wallets for Bone ShibaSwap are:
ELLIPAL Titan
Type:
Hot (online) & Cold (Hardware)
Coins Supported: 40 Blockchains (10k+ Tokens)
Native Support*
Easy-to-Use UX
Air-gapped: 100% offline
Anti-Tamper: Physical and supply chain protection
SafePal
Type:
Hot (online) & Cold (Hardware)
Coins Supported: 54 Blockchains (30k+ Tokens)
Native Support*
User-friendly UX
Air-gapped: 100% offline
Cross-Platform: Mobile, Web Browser + Hardware
Ledger NANO X
Type:
Cold (Hardware Wallet)
Coins Supported:
+ 5,500 Tokens
Up to 100 apps:
High Reputation
Bluetooth Connection
Cross-Platform: IOS & Android, Desktop (W, OS, L)
*Note: Ellipal Titan and SafePal support BONE token directly. If you prefer Ledger you must pair it with Metamask.
3. Frequently Asked Questions (FAQs)
What is BONE ShibaSwap?
Bone ShibaSwap (BONE) is the governance token of the ShibaSwap, a decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem. In the Shiba ecosystem, you can exchange, trade, and earn rewards without the use of third parties.
To vote on upcoming proposals in the Doggy DAO, Bone Holders need to bury (stake) their BONE tokens to acquire tBone (a representation of your share of the pool). The more tBone you hold, the more weight your vote carries in the future of the Shiba inu ecosystem.
However, these decisions are not solely reliant on the Shib Army. To avoid members from gaming the system 9 “Guardian Wallets” have been appointed. The Doggy DAO employs a multi-signature (multisig) model which requires 3/5 signatures for a transaction to be approved and 6/9 signatures to make changes related to security or administration.
Aside from that, Bone ShibaSwap has been chosen as the gas fee or transaction cost of using Shibarium, a Layer-2 solution to avoid the Ethereum Network’s exorbitant transaction fees.
Where can I buy a BONE ShibaSwap?
There are many exchanges that offer Bone Shibaswap. We recommend MEXC (CEX) and ShibaSwap (DEX). Other exchanges include LBank, Bitmart, CoinEx, Uniswap (DEX), etc.
How to buy Shiba Bone on Coinbase Wallet?
Buy ETH first on a centralized exchange like Coinbase or MEXC. Download the coinbase wallet app and tap the (+) Buy on assets tab. Then tap on “Trade”, select Shiba Bone on “choose coin” and swap ETH for BONE ShibaSwap.
Can you Buy Bone on Metamask?
To buy Bone ShibaSwap (BONE) with Metamask, first, buy ETH on a custodial fiat-to-crypto exchange such as MEXC Global or a non-custodial exchange like changelly. Then send it to your cryptocurrency wallet, connect your wallet to ShibaSwap and swap ETH for BONE.
Is BONE a good investment?
Bone ShibaSwap (BONE) is the governance token of the Shiba Inu ecosystem. Bone Tokens give voting power on the Doggy DAO to shape the future of the Shiba Inu ecosystem. BONE ShibaSwap’s deflationary tokenomics make it a strong long-term investment.
The information provided in this guide is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrencies). The author, at the time of writing, does not hold positions on Bone ShibaSwap (BONE).
