In this article, I will explain how to buy a Shiba Inu coin (SHIB) on CoinDCX. Firstly, sign up for an account on CoinDCX and complete the verification process. You can use any payment method to deposit funds into your CoinDCX wallet.
Then go to the trading section and find SHIB among other tokens. Indicate the amount of SHIB you want to purchase and select either market or limit order type depending on your needs.
Verify all information entered before finalizing your transaction. After processing, these SHIB coins will be visible in your CoinDCX wallet and can be traded or kept as investments for future growth.
What Is Shiba Inu (SHIB)?
SHIBA INU (SHIB) is a decentralized cryptocurrency that imitates Dogecoin. It includes SHIB, LEASH, and BONE tokens in its system, which intends to offer a decentralized exchange and an NFT marketplace.
Being community-driven and having meme-oriented marketing is why SHIB became popular. It runs on Ethereum’s blockchain, but soon, its blockchain will be called ShibaSwap for better token functionality.
How To Buy Shiba Inu Coin In Coindcx
Open an account and deposit money to purchase a Shiba Inu Coin on Coindcx. Proceed to the trading section, then either search SHIB using the search bar or look through available cryptocurrencies.
Select your preferred trading pair, e.g., SHIB/USDT or SHIB/BTC. So, order a specific amount of SHIBs, check out the details, and confirm the purchase.
After the successful purchase, you must verify your wallet balance for deposited SHIBs. It may be helpful to consider withdrawing to your wallet for safety reasons.
Where Can I Buy SHIB?
Shiba Inu coin (SHIB) is available on many crypto exchanges. Some examples of the most popular ones are Binance, Coinbase, Crypto.com, KuCoin, and Gate.io.
These platforms allow people to trade SHIB against leading cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), as well as stablecoins such as USDT (Tether).
To buy SHIB, sign up for an account on any of these exchanges, deposit your funds accordingly, go to the trading section tab, search for SHIB, and then choose to limit your order based on market availability.
Deposit Funds
To deposit money into your Coindcx wallet after creating a Coindcx account, transfer digital currency or fiat currency from another bank account or crypto wallet to it.
Typically, Coindcx facilitates different cryptocurrencies and fiat currencies while depositing. Go to the Coindcx account’s deposit section, choose the currency you want to deposit, and then use the instructions given to perform the transfer.
From here, you can start using them in trading for SHIBA INU COIN or any other cryptocurrency available on the website.
Navigate to the Trading Section
After you have funded your Coindcx account, go to the trading section of the platform. This part usually consists of multiple pairs and markets for buying, selling, or exchanging cryptocurrencies such as Shiba Inu Coin.
Go to the Trading section from the dashboard or main menu on the Coindcx website or app. You can view real-time prices here, place orders, and monitor market activity to make informed trading decisions.
Search for SHIB
Go to the search bar or browse the available cryptocurrencies on the Coindcx platform to find Shiba Inu Coin (SHIB). Just type “
SHIB” in the search bar for faster results, or scroll down manually, checking from one coin to another until you get SHIB. Once you locate it,
choose Shiba Inu Coin to begin with any trade. Consequently, this narrows your attention on SHIB and enables you to directly access its trading pairs and similar market data via the platform’s interface.
Top Features
SHIB coin by CoinDCX is endowed with the below-mentioned qualities:
Trading Pairs: SHIB can be traded in various pairs, such as SHIB/INR, SHIB/USDT, and SHIB/BTC.
Easy to use Interface: CoinDCX has a user-friendly, intuitive trading platform for beginners and experienced traders.
Safe Wallets: CoinDCX keeps its wallets secured with advanced security measures, making them safe for storing funds and SHIB tokens.
Multiple Payment Options: Users can pay using bank transfers, cryptocurrencies, etc., to deposit funds.
Market Analysis Tools: CoinDCX provides tools that help users analyze markets, including price charts and indicators, to make better trading decisions.
Customer Support: Customer support is available for account verification assistance or other trading-related queries regarding deposits, withdrawals, etc.
Mobile App: The Mobile app offered by CoinDCX allows users to trade from anywhere at any time; it supports both Android and iOS platforms.
High Liquidity: Being a famous exchange, CoinDCX provides high liquidity levels for SHIB, enabling easy trade execution.
Low Fees: Trading fees at CoinDCX are competitive; discounts can be availed if one uses DCX, the native token of this exchange.
Final Thoughts
To sum up, purchasing a Shiba Inu coin (SHIB) on CoinDCX is simple and convenient. You only need to create an account, deposit money into it, and then go to the trading section, where you will find SHIB easily to place your buy order.
CoinDCX offers a secure platform with many trading pairs, market analysis tools, and dependable customer support.
Whether a beginner or experienced trader, CoinDCX has all it takes to buy SHIB tokens and engage in a confident-filled cryptocurrency market.
