What Is Shiba Inu Coin? Is It a Good Investment?

Nowadays everyone wants to know about cryptocurrency. Where new names of new cryptocurrencies are being heard every day, on the same day another name is becoming very popular, whose name is Shiba Inu coin. It has been in a lot of discussions recently, before that dogecoin was in a lot of discussions. But it has broken all the records in the last 7 days and has become the most marketed cryptocurrency.

It is believed that this coin has been created in opposition to dogecoin. But there are already so many popular cryptos like bitcoin which is the most heard name. Perhaps you have also heard the name of a cryptocurrency for the first time, then it will be bitcoin. But recently both these crypto dogecoins and Shiba Inu coin have made their own identity in the market.

In such a situation, it would be right to invest in these currencies. Right now there will also be a fear that the Indian government should not ban it. In such a situation, how safe it is or not can be said. This coin made from Ethereum is making its place in the market very fast. So let’s know friends, what is the Shiba Inu coin. Why is this so much talked about? How can it be bought and whether we should invest in it or not?

» What is Cryptocurrency?

What Is Shiba Inu Coin? Is It a Good Investment?

What is Shiba Inu Coin?

Shiba Inu coin is made from Ethereum. It has become the fastest-growing cryptocurrency in the market. Before this dogecoin has made a name for itself. Shiba Inu coin has achieved a great achievement of 2225 percent growth in recent seven days.

Very few people would know about the Shiba Inu coin because it is a recently popular cryptocurrency. If we talk about dogecoin, then it is also very much discussed. It can be said that the Shiba Inu coin must have been created in opposition to dogecoin itself.  Shiba Inu coin is a community-based crypto token. It is also named a meme token. The rank of this coin is currently 15th.

Its volume of the last 24 hours is around 1.40 trillion. If we talk about the last 24 hours, then its volume has increased very fast. If we talk about its last price change, then 160 percent has increased in 24 hours. And it has increased by 2225 percent in the last seven days. Whoever bought this coin in the last seven days has got good profits. This coin has made its market very fast and its price has become very high, so investing in it can be risky.

So if you are thinking of investing in it, then do it carefully, so that you do not have to suffer loss. The first listing of the Shiba Inu coin was done on Uniswap. Its total exchange is 45. If you want to buy it then you buy it from Dubai global exchange or you buy it from Binance. The coin includes a similar canine Shiba Inu chased from Japan.

How to buy Shiba Inu coin.

The arrival of Dogecoin and Ethereum has destroyed the servers of India’s largest cryptocurrency exchange Wazirx. Where earlier Wazirx was the largest crypto exchange wallet in India, the arrival of the Shiba Inu coin has had a very bad effect on it. We cannot exchange Shiba Inu coin on wazir, it may be possible in the coming time, but it is not on it at the moment. Because the Shiba coin has just come into the market, then everyone wants to invest in it and everyone wants to know how it can be bought.

So, friends, you can buy it from platforms like Binance, Huobi Global, OKEx, Hotcoin Global, and MXC.COM. You can also buy it from uni swap but it will cost you dearly there.

Buying a Shiba Inu coin is very easy, first, you have to complete your KYC. Which only takes some time to verify. Second, you have to put the fund in your exchange wallet. Almost all Indian cryptocurrency exchanges accept UPI and net banking payment methods. So that you will not need to think much. Now you can buy your Shiba Inu coin by depositing. Irrespective of the platform from which you are buying this coin, the procedure for all is almost the same. You can buy Shiba Inu coin from BuyUcoin, you can use its android version or ios version app. Or you can also use the web version of BuyUcoin, it is a very easy process to buy it.

This is as simple as it can get.

Step 1: Download the WazirX App on your smartphone or open WazirX.com on any other device you have in this movement.

Step 2: Now, if you do not have a verified WazirX account, you will have to complete KYC, and to do so, you will need to upload a PAN card and Aadhar card.

WazirX KYC Verification
WazirX KYC Verification

Step 3: After the KYC is completed, add your bank account details and UPI ID.

WazirX Bank Account Verification
WazirX Bank Account Verification

Step 4: India Rupee in WazirX Fund. WazirX offers bank transfers, wallet transfers, and even UPI, so choose the one you want to use to add money to WazirX funds.

Step 5: After depositing, search for Shiba Inu Coin in the WazirX app or website and tap on it.

How to buy Shiba Inu Coin in India
Buy Shiba Inu Coin

Step 6: Now, you will be able to buy Shiba Inu Coin. So buy as much as you want, say ₹1,000 or ₹100, and click Buy Now.

Buy Shiba Inu Coin
Shiba Inu Coin

Step 7: ie Shiba Inu Coin will be added to WazirX Wallet.

Buy Shiba Inu Coin
Shiba Inu Coin

BuyUCoin is a leading exchange India company. Which is working since 2016. On this platform, you can buy, sell, trade, store multiple cryptocurrencies such as bitcoin, Ethereum, ripple.

What is the price of Shiba Inu Coin Today? – Live SHIB/USD

Conclusion

In today’s time, there have been many types of cryptocurrencies, out of which names like bitcoin, Ethereum are known to all. But in today’s time, their value has increased a lot. And investing in them is also not right now. Because you people keep hearing day by day that today the value of bitcoin has fallen and their value is not stable at all. But if you invest in any new type of crypto, then in such a situation you will get that cryptocurrency at a lower price as well as when their value increases in the future, then you will also get more profit.

So friends, how did you like our information, you must tell us by commenting and also share this post with your friends so that they too can know about this new Shiba Inu coin crypto. And can invest in it.

Read More:-

» What is Cryptocurrency?

» How Does Bitcoin Work?

» Why is Bitcoin Needed?

Vimal K. Vishwakarma
Vimal K. Vishwakarmahttps://technovimal.in
Hello friends, I am Vimal K. Vishwakarma, Technical Author & Co-Founder of Techno Vimal. Talking about education, I am an Engineering Graduate. I enjoy learning things related to new technology and teaching others. I request you to keep supporting us like this, and we will keep providing further information for you. :) #We TechnoVimal Team Support DIGITAL INDIA

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