Shiba Inu. A coin even your parents have heard of
A coin that can do 1000x overnight and fall by the same amount
And you want to buy it? BRACE yourself!
How to Buy Shiba Inu Coin on UniSwap?
Want to jump straight to the answer? Here’s my 5-Step Process:
STEP 1. Buy ETH on a Fiat-to-crypto Exchange
Sign up for an exchange that offers fiat-to-crypto purchases.
We recommend Binance (NON-US) and MEXC (US & NON-US) as they do support fiat currencies and ETH. If you prefer to use a Centralized Exchange (CEX), you can use these exchanges to purchase Shiba Inu directly.
Alternatives: You can also use a non-custodial exchange like Changelly
STEP 2. Download a cryptocurrency wallet
We recommend a free software wallet like Metamask or Trust Wallet.
STEP 3. Transfer ETH to your Wallet
The next step is to transfer your Ethereum (ETH) to your crypto wallet. You will need to withdraw ETH from the exchange to your Wallet.
STEP 4. Connect Wallet to UniSwap
The next step is to connect your wallet to UniSwap decentralized exchange (DEX)
STEP 5. Buy Shiba Inu coin on UniSwap
The final step is to add SHIB to your wallet and swap ETH for SHIB on Uniswap DEX
STEP 6 (Bonus). Keep your SHIB 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 Shiba Inu is Ledger Nano X. Alternative options are Ellipal and SafePal.
NOTE: If you want a DETAILED description of the process. Keep on reading!
Where to buy Shiba Inu Coin?
These are the best cryptocurrency exchanges you can use to purchase Shiba Inu on Uniswap:
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
Uniswap
Payment Methods:
NONE
Fees:
~0.30%
Account Minimum:
NONE (Wallet Needed)
*Note: To use UniSwap, buy ETH on Binance (NON-US) or MEXC (US & NON-US) first and exchange it for SHIB on UniSwap (DEX). If you prefer to use a centralized exchange (CEX), you can purchase Shiba Inu directly on these exchanges.
Shiba Inu is the first experiment on “decentralize spontaneous community-building”. Since then, the Shiba Inu ecosystem has evolved into a vibrant decentralized ecosystem with a DEX (ShibaSwap), a DAO (Doggy DAO), an NFT Project (Shiboshis), and an Incubator (Shiba Inu Incubator).
This thriving ecosystem has over 1M holders, over 3M Twitter followers, and over 470K Reddit members. A truly Shib Army.
Here’s how to buy Shiba Inu on UniSwap in a nutshell. If you want a DETAILED, step-by-step guide, here’s our table of contents:
- 1. How to buy Shiba Inu coin on Uniswap (In 5 DETAILED Steps)
- 2. Where to keep Shiba Inu coin SAFE (from human error and hackers)
- 3. FAQs
1. Buy SHIB on Uniswap in 5 DETAILED Steps
UniSwap is the most popular decentralized exchange native to the Ethereum Blockchain. It uses a trading model called automated liquidity protocol (instead of order books). Uniswap, unlike centralized exchanges (CEX), does not hold user funds.
On Uniswap, you can earn passive income by depositing crypto into a liquidity pool (yield farming), provide liquidity to a DeFi protocol (liquidity mining), and pledging your coins to support a PoS blockchain (staking).
In this section, you will know EXACTLY (Step-by-Step) how to buy Shiba Inu coin on Uniswap (either if you are a US or Non-US resident we got you covered).
I will not leave any stone unturned (If you are new, DON’T WORRY!)
Here is our 5-Step Process:
STEP 1. Buy ETH on a Fiat-to-crypto Exchange
We recommend MEXC (US & NON-US) and Binance (NON-US). We will cover the steps for MEXC.
MEXC
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!
1.2 – Buy ETH 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 ETH in the Get box. Choose your selected service provider, and press the “Buy ETH” 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 ETH!
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 2. Download & Install a crypto 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 or Trust Wallet.
- 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 Shiba inu tokens are Ledger Nano X, Ellipal Titan, SafePal.
We will go over the steps for 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 3. Transfer ETH to your Wallet
The next step is to transfer ETH from your chosen exchange to your wallet. Ensure you are on the Ethereum Mainnet (default network).
Follow these steps to withdraw ETH from MEXC to Metamask:
- Go to Overview (profile)
- Search for ETH
- Click on Withdraw
- Input Metamask wallet address
- Withdrawal network (ERC20)
- Choose amount
- Click “Submit.”
Tada! Your ETH is now ready to be traded into SHIB in your wallet!
STEP 4. Connect Metamask Wallet to Uniswap
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 Uniswap 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 5. Buy Shiba Inu (SHIB) On Uniswap
Steps to Buy SHIB on Uniswap
STEP 1: Ensure you are on “Swap.”
STEP 2: Ensure Ethereum Mainnet is selected. You must add the token SHIB. On the initial screen go to import tokens. Enter the following addresses under the contract token address:
Shiba Inu (SHIB): 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce
When you click “add custom token” and “import token”, SHIB token will be displayed on your wallet.
Step 2: In the Swap Box, select ETH and search for SHIB. You will need to import SHIB (via coinmarketcap, ensure is the right token address). Click on “Import.”
Step 3: Enter the right amount of ETH you wish to swap for SHIB and click “Swap” then “confirm Swap”.
Voilà! Your SHIB token just arrived on your Metamask Wallet!
2. Keep Shiba Inu coin (SHIB) 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 SHIB crypto 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 Shiba Inu (SHIB) are:
Ledger NANO X
Type:
Cold (Hardware Wallet)
Coins Supported:
+ 5,500 Tokens
Native Support
High Reputation
Bluetooth Connection
Cross-Platform: IOS & Android, Desktop (W, OS, L)
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
3. Frequently Asked Questions (FAQs)
What is Shiba Inu Token (SHIB)?
A Shiba Inu is a Japanese dog breed that was originally adopted in the cryptocurrency world as the Dogecoin symbol, which sparked the popularity of dog-themed meme coins such as Akita Inu, Floki Inu, and Dogelon Mars. Shiba Inu was developed in 2020 by an anonymous person or group known as Ryoshi.
Shiba Inu (SHIB) is the first experiment on “decentralize spontaneous community-building.” Since then, the Shiba Inu ecosystem has evolved into a vibrant decentralized ecosystem with a DEX (ShibaSwap), a DAO (Doggy DAO), an NFT Project (Shiboshis), and an Incubator (Shiba Inu Incubator).
Unlike DogeCoin and other popular meme coins, Shiba Inu was created with a real purpose and utility in mind. Shiba Inu’s founders sought to test the ability of truly self-governing organizations with no central authority, just spontaneous talented individuals coming together to build something unique.
This thriving ecosystem has over 1M holders, over 3M Twitter followers, and over 470K Reddit members. A truly Shib Army.
What platform can I buy Shiba Inu Coin?
There are many platforms that offer Shiba Inu (SHIB). We recommend centralized exchanges (CEX) like MEXC (US & NON-US), Binance (NON-US), BitMart (US & NON-US). If you prefer a decentralized exchange (DEX) we recommend UniSwap or ShibaSwap.
Can you buy Shiba coin on Metamask?
Yes. Here are the steps to buy Shiba Inu coin on Metamask:
- STEP 1: Buy ETH on a fiat-to-crypto exchange (MEXC, Binance)
- STEP 2: Download and Install Metamask Wallet (Browser, iOS, Android)
- STEP 3: Transfer ETH to Metamask
- STEP 4: Connect Metamask to UniSwap or ShibaSwap
- STEP 5: Swap ETH for SHIB on Uniswap or ShibaSwap
- STEP 6 (Bonus): Keep your SHIB token safe on a hardware wallet (Ledger)
Related: How to add Shib to Metamask [In 5 DETAILED Steps]
How to buy Shiba Inu in Trust Wallet?
Here are the steps to buy Shiba Inu coin on Trust Wallet:
- STEP 1: Buy ETH on a fiat-to-crypto exchange (MEXC, Binance)
- STEP 2: Download and Install Trust Wallet (Browser, iOS, Android)
- STEP 3: Transfer ETH to Trust Wallet
- STEP 4: Connect Trust Wallet to UniSwap or ShibaSwap
- STEP 5: Swap ETH for SHIB on Uniswap or ShibaSwap
- STEP 6 (Bonus): Keep your SHIB token safe on a hardware wallet (Ledger)
Will Shiba Inu coin reach $1?
No, there are approximately 549 Trillion tokens in circulation. if Shiba Inu were priced at $1, that would imply a market capitalization of $549 trillion, far exceeding the total cryptocurrency market value of ~$3 Trillion. And far exceeding the market capitalization of tech giants such as Apple (~$2.3 trillion).
To reach that figure, Shiba Inu would have to burn 99% of today’s token supply, which would need most Shiba Inu holders to burn their tokens.
Is it safe to invest in Shiba?
Shiba Inu (SHIB) has been audited by Certik and Ryoshi locked 50% of the total token supply in Uniswap. To keep your Shiba Inu coins safe, buy SHIB from reputable exchanges and transfer your tokens to a secure/hardware wallet like Ledger.
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 Shiba Inu (SHIB).
