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How to Buy Shiba Inu UK – with Low Fees

Most crypto enthusiasts are looking to buy Shiba Inu coin right now, but is this the best cryptocurrency to focus on in Q4 2021? It appears that Elon Musk isn’t the only one having an impact on the Shiba Inu price. 

Musk’s new Shiba Inu puppy has sent the Shiba Inu price into orbit rising by over 350% within the space of a week. In this beginner’s guide, we’ll cover how to buy Shiba Inu coin in the cheapest way possible.

Key points on Shiba Inu

  • Shiba Inu (SHIB) meme token has jumped by more than 300% in the space of a week.
  • Tesla’s CEO Elon Musk posted a picture of his Shiba Inu puppy on Twitter which sparked the dramatic uptrend of the cryptocurrency.
  • Shiba Inu crypto is now amidst the top-20 digital currencies by market capitalization. It has a circulating supply of 394,796,000,000,000 SHIB.
  • Shiba Inu’s current market price is $0.00002876 with some market analysts forecasting positive growth throughout 2022.

How to Buy Shiba Inu UK – Step by Step Guide 2021

  1. Open an account with eToro – Head over to eToro’s main website and click on the button marked Join Now. Enter your details and then choose a username and password. 
  2. Upload ID – As part of the standard KYC process you can verify your account by uploading proof of identity (a copy of your passport or driving license) and proof of address (a copy of a recent utility bill or bank statement). 
  3. Deposit – Funding your account is easy and fully digital. The minimum deposit is just $50 and you can use a credit/debit card, bank wire transfer, or e-wallet. 
  4. Buy Shiba Inu coin in the UK – Search for Shiba Inu using the search bar at the top of the screen. Then tap on Trade next to the relevant result. The current Shiba Inu price is $0.00002595 so with a minimum investment of $25 you could buy 0.95 units or 0.03% equity in this trending cryptocurrency. To complete your Shiba Inu crypto purchase just tap on the Open Trade button.   

68% of retail investor accounts lose money when trading CFDs with this provider.


What is the Shiba Inu Coin?

The Shiba Inu price jumped by over 60% last week following a tweet from Tesla CEO Elon Musk. This has left many investors wondering where to buy Shiba Inu coin in the UK. The Shiba Inu price shot up by more than 65% last week, tripling its market cap in the space of a week. According to coinmarketcap.com, this puts its market capitalization at $10,254,948,014.77 making it the 20th largest digital asset on the crypto market. 

Buy Shiba Inu Coin - Shiba Inu chart on eToro

68% of retail investor accounts lose money when trading CFDs with this provider.

Currently, its SHIB tokens are the native currency of its decentralized exchange known as ShibaSwap.

The latest rise comes after an increase in cryptocurrencies across the board. Bitcoin also surpassed the $50,000 mark. Following in its footsteps, smaller-cap coins like the Shiba Inu coin have started to ride bullish waves. But what exactly is Shiba Inu and where can I buy Shiba Inu coin in the UK? 

Shiba Inu Crypto

Shiba Inu coins were launched in August 2020 by an anonymous developer going by the alias of Ryoshi, reportedly based in China. According to shibatoken.com, Shiba Inu crypto is a ‘Decentralized Meme Token that Evolved into a Vibrant Ecosystem’, with 585k+ community members and is growing fast. “From its inception, Shiba Inu has done things differently. Starting with a supply of 1 quadrillion, our founder, Ryoshi, locked 50% in Uniswap, then “burned” the other half to Ethereum co-founder Vitalik Buterin for safekeeping.” 

Shiba Inu crypto started as an alternative to Dogecoin, the more mainstream meme token that was launched as an ironic take on Bitcoin (BTC). You can buy Shiba Inu coin on most crypto exchanges in the UK with a debit/credit card, bank transfer or e-wallet. 

Buy Shiba Inu coin - CoinMarketCap

Shiba Inu crypto, named after a Japanese dog breed, started trading relatively low until it hit an all-time high of $0.0000388 five months ago on May 10th 2021. This represents an ROI (return on investment) of 1,609,147.75%.  

Why Buy Shiba Inu coin? Shiba Inu Analysis

Should I buy Shiba Inu coin? Where to buy shiba Inu coin in the UK? Is it the right time to buy Shiba Inu coin? These are some of the questions that have inundated online forum discussions over the past couple of weeks. 

Let’s take a look at some of the key reasons you might want to buy Shiba Inu coin right now. 

Should you buy Shiba Inu coin?   

In comparison to the popular meme coin Dogecoin (DOGE), Shiba Inu (SHIB) has slightly more technical mainstream uses. It even has a whitepaper, appropriately dubbed a woof-paper, that outlines the Shiba Inu crypto project as a ‘100% community-based, cryptocurrency experiment.’ You can buy Shiba Inu coin from most cryptocurrency exchanges and brokers such as eToro, Coinbase, Kraken, and Binance

Like Dogecoin, some crypto traders have made money by speculating on the short-term price movements of these meme coins. Investors who bought their share of Shiba Inu crypto before last week’s sudden gains will be looking at positive returns. 

Elon Musk's Tweet of Floki Frunkpupy

However, a price uptrend on its own isn’t always a sign of a good long-term investment. When we examine the reasoning behind the Shina Inu price jump in October 2021 we’ll find that the main reason for that dramatic growth was a tweet of Floki Frunkpuppy from Elon Musk. 

Let’s take a closer look at Shiba Inu crypto

It’s always a good idea to be careful when investing in a cryptocurrency that’s just experienced a record high. So, let’s examine a few other reasons to err on the side of caution if you’re looking to buy Shiba Inu coin as a long-term investment

  • Its founder is anonymous – Fundamental research plays a key role in deciding whether a company is equipped to deal with market volatility and macroeconomic events. 
  • In comparison to the wider cryptocurrency landscape, other digital currencies like Ethereum, Bitcoin and Ripple (XRP) appear to have much more long-term potential. 

Shiba Inu Price

Shiba Inu price is up by around 12% in the past 24 hours to $0.0000289 per Shiba Inu crypto as of 01:10 p.m. GMT 11/10/21. The meme coin’s unprecedented rally came after Elon Musk tweeted a picture of his new pet – a Shiba Inu puppy. Consequently, Shiba Inu is now the 20th largest cryptocurrency, according to coinmarketcap.com, dominating 0.49% of the crypto market with a market cap of $11,429,683,800.16.

Shiba Inu Price Prediction

Shiba Inu coin price prediction – The SHIB price analysis is bullish today which is up by roughly 12.27% in the past 24 hours. The meme token’s market price shot up last week, but now the price is showing signs of faltering. So, what do market analysts think the Shiba Inu coin price prediction will look like? 

Buy Shiba Inu Coin right now with eToro

Image source: catalyststuff

50% of the total Shiba Inu crypto supply has been burned to Vitalik Buterin, the co-founder of Ethererum. 

“In order for SHIB to reach a dollar, it requires a market capitalisation of one quadrillion US dollars,” said Don Guo, the CEO of Broctagon, when he spoke to Express.co.uk.

“In comparison, the entirety of the U.S. National Debt is $23.3 trillion – and even that staggering sum constitutes less than 3 percent of the amount required for SHIB to reach that price point. Given current trends, it is more likely that Shiba will remain within its ballpark of less than a fraction of a cent.”

Is the Shiba Inu coin price prediction pegged to Dogecoin? 

Some market analysts have suggested that Dogecoin can be a good indicator of Shiba Inu’s potential growth. At the time of writing, Dogecoin’s market cap sits at $31,475,388,980.03 and it is expected that Shiba Inu crypto will reach this price, which represents about $0.000060 per Shiba Inu crypto coin. 

Don Guo also went as far as to say that there could be an upswing anywhere between 200% and 600% if the bullish sentiment continues. Therefore, we could see Shiba Inu’s market capitalization reach $70 billion by the end of 2021. 

What do crypto-asset analysts at eToro have to say? 

According to Simon Peters, a market analyst at eToro, “As to whether its value will increase – it is possible. As more exchanges begin to list the token and provide investors the opportunity to gain exposure, like any asset it will become more routinely traded alongside the likes of Bitcoin and Ethereum.”

“That being said, anyone investing in such tokens needs to do so carefully.”

Shiba Inu coin price prediction for 2022

Many cryptocurrency analysts have given their Shiba Inu price predictions for 2022, and they’re relatively mixed. 

Some experts have suggested that the Shiba Inu price could be valued at $0.000018 by the end of next year. On the other hand, more optimistic price predictions suggest that the meme token could hit highs of $0.00007512 by Q2 2022. 

Buy Shiba Inu coin with ShibaSwap

All in all, Shiba Inu coin price predictions are as volatile as the cryptocurrency market itself. This means that if you’re looking to buy Shiba Inu coin you should only invest money you can afford to lose. 

Ways of Buying Shiba Inu

You can buy Shiba Inu coins using a wide range of payment methods nowadays as most crypto exchanges support debit/credit cards, e-wallets and cryptocurrencies.

With that said, let’s explore some of the most popular ways you can buy Shiba Inu coin right now. 

68% of retail investor accounts lose money when trading CFDs with this provider.

Buy Shiba Inu with PayPal

Firstly, you might want to buy Shiba Inu coin using PayPal. During our research, we found that the best FCA broker eToro supports PayPal. Buying Shiba Inu crypto with PayPal is simple and easy. You’ll be asked to specify the deposit amount and then you’ll be redirected to PayPal via a pop-up window. After entering your account credentials and confirming your transaction, eToro will process the payment instantly. 

Buy Shiba Inu with Debit/Credit Card

If you’re based in the UK and are looking to buy Shiba Inu coin with a debit card or credit card, you have plenty of options to choose from. We recommend opting for eToro as it’s regulated by several financial authorities and is trusted by millions of traders worldwide.  

Once you’ve verified your account, you’ll be able to buy Shiba Inu coin with your debit/credit card. All you need to do is specify the amount of Shiba Inu tokens you want to purchase and select your debit/credit card as your preferred payment method. 

Buy Shiba Inu with Bitcoin

If you’re looking to buy Shiba Inu coin and you currently hold some Bitcoin (BTC) or any other popular cryptocurrency such as Ethereum (ETH), you might want to make an exchange. As such, this is one of the simplest options as you won’t need to go through a KYC process. 

To do this simply open an account with a top-ranking crypto exchange such as Binance or Coinbase and search for SHIB/BTC to trade your Bitcoin holdings for Shiba Inu crypto.

Where to Buy Shiba Inu in the UK

To buy Shiba Inu coin in the UK you’ll have to pick a trusted crypto exchange or broker. Your preferred broker or crypto exchange needs to provide security, low fees and commissions, as well as a wide range of payment methods. 

In this section of our how to buy Shiba Inu coin guide, we’ll review the best online trading platforms that allow you to buy Shiba Inu coin in the UK at low costs. 

1. eToro – Overall Best Crypto Broker to Buy Shiba Inu Coin

Our number one position goes to eToro – the best cryptocurrency and CFD broker to buy Shiba Inu coin in the UK right now. Launched in 2006, this fintech company has grown into one of the leading social trading platforms in the world. eToro also facilitates billions of dollars of trading volume every day, so there’s plenty of liquidity to buy and sell cryptocurrencies throughout the day. 

Fees and Commissions

Depositing and withdrawing funds from your eToro account is simple and fully digital. This is because eToro supports a wide range of payment options from credit/debit cards, e-wallets and bank transfers. When it comes to fees, one of eToro’s best selling points is that it charges 0% commission and competitive spreads. Furthermore, you won’t pay a penny to deposit funds. 

Buy Shiba Inu with eToro

Tradable assets

There are currently 32 cryptocurrencies to choose from on the eToro platform. Moreover, you can also invest in a wide range of crypto crosses, currency crosses, and commodity crosses with a minimum investment of just $25. Additionally, eToro gives you access to forex trading, CFDs, ETFs, and copy trading tools. 

Explore a range of financial markets on eToro

Is eToro safe?

eToro is regulated by the UK’s Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). It is also registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business.   

eToro Fees 

Account Fee None
Deposit Fee None
Cost to Buy Shiba Inu coin $25 Minimum investment, 2.9% typical spread 
Pricing Structure 0% Commissions, low spreads

Pros

  • 0% commission and market-leading spreads on crypto trading
  • Copy trading tools allow you to copy the trades of other expert traders
  • Regulated by the FCA and several other top-tier financial authorities
  • Trade cryptocurrencies with a wide range of payment methods
  • Cutting-edge mobile app compatible with Apple and Android devices

Cons

  • Only supports USD as its base fiat currency
  • $5 withdrawal fee

68% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – Top-rated Crypto Exchange to Buy Shiba Inu Coin for Beginners

coinbase logo

Coinbase is another crypto exchange that’s user-friendly and perfect for beginners. This is because the platform is incredibly user-friendly, making crypto purchases simple for most traders. From start to end, it shouldn’t take you more than 10 minutes to open an account and start trading cryptocurrencies. 

You’ll need to submit a copy of your passport or driver’s licence once you’ve created an account with Coinbase. After that, all you have to do is decide how many Shiba Inu coins you want to purchase. Instant purchases can be made with a debit card from Coinbase, which accepts Visa and Mastercard. The total cost to buy Shiba Inu Coin with a debit card in the United Kingdom is 3.99%.

Buy Shiba Inu on Coinbase

Is Coinbase safe? 

Coinbase is one of the most secure cryptocurrency exchanges, so you can transact with confidence knowing that your funds are safe. For example the vast majority of clients’ assets are held in cold storage wallets, meaning they’re not connected directly to the internet.

Shiba Inu Price (SHIB) on Coinbase

Coinbase has a good range of altcoins if you want to invest in other cryptocurrencies. Coinbase’s main website, as well as its Android and iOS mobile apps, allow you to purchase and trade digital currencies with the click of a button. 

Coinbase Fees: 

Account Fee None
Deposit Fee 3.99% (debit cards) 
Cost to Buy Shiba Inu coin 1.49% standard trading commission
Pricing Structure Fixed commissions

Pros

  • One of the leading crypto exchanges
  • Listed on the NASDAQ 
  • Offers instant debit card purchases
  • Broad range of digital currencies to choose from
  • Supports 2FA and offers a fully-fledged mobile app

Cons

  • 3.99% debit card deposit fee 
  • 1.49% standard trading commission

Best Shiba Inu Wallets

Since Shiba Inu crypto is an ERC-20 token that runs on the Ethereum blockchain, you can hold your meme tokens in any crypto wallet that supports ERC-20 tokens. The eToro Money Crypto Wallet, the Coinbase wallet, and the Binance crypto wallet are all good examples of the best Shiba Inu wallets you can use to buy Shiba Inu coins right now. If you’re wondering how to buy Ethereum, be sure to also read our comprehensive guide.  

How to Buy Shiba Inu UK Tutorial

If you’re wondering where to buy Shiba Inu crypto we’ll show you how to buy Shiba Inu coin in the UK in a few simple steps. 

Step 1 – Open an eToro Trading Account

The first step to buy Shiba Inu coin in the UK is to open an account with eToro. The onboarding process is straightforward and requires some personal information. You’ll be asked to enter your name, email address, date of birth, and phone number. 

Create an eToro account

Step 2 – Verification

As part of the standard KYC (know your customer) regulations, you’ll need to upload copies of your passport and a recent bank statement as proof of ID and address. 

eToro KYC process

This is to help prevent money laundering and identity theft. The verification process is simple and fully digital and the eToro team will notify you once your account is successfully verified. 

Step 3 – Deposit Funds

The next step involves funding your eToro brokerage account. As we’ve already discussed you can deposit funds using a debit or credit card, bank transfer, or e-wallet such as PayPal or Neteller. There are no deposit fees to pay and e-wallet transfers are processed instantly. 

Step 4 – Search for Shiba Inu Crypto

Search for Shiba Inu on eToro

Now you can search for Shiba Inu crypto using the search bar at the top of the eToro trading dashboard. Then simply click on the Trade button next to the relevant result. 

Step 5 – Buy Shiba Inu Coin

You can buy Shiba Inu coin for as little as $25 on eToro, which is great for beginner traders looking to gain exposure to the volatile crypto market without breaking the bank. 

Buy Shiba Inu Coin with eToro Right Now

Once you’ve decided how much you want to invest, click on Open Trade to complete your purchase. Your Shiba Inu crypto assets will then appear in your eToro portfolio where you can sell them or store them in the eToro Money Crypto Wallet with the click of a button. 

68% of retail investor accounts lose money when trading CFDs with this provider.

How to Buy Shiba Inu UK – Conclusion

You can use SHIB tokens to earn interest and rewards, provide liquidity, trade non-fungible tokens (How to buy NFTs), and more. Along with Elon Musk’s celebrity backing, Ethereum’s co-founder Vitalik Buterin has also reportedly donated $1Bn SHIB tokens to India’s Covid-Crypto Relief Fund. So, adding a small stake of Shiba Inu crypto into your investment portfolio could be a case of striking while the iron is hot. 

If you’re looking for a safe, low-cost trading platform to participate in the recent Shiba Inu craze then we recommend eToro. All in all, eToro is the best crypto broker to buy Shiba Inu coins in the UK right now with a minimum investment of just $25. 

eToro – Best Broker to Buy Shiba Inu Coin in the UK  

eToro

68% of retail investor accounts lose money when trading CFDs with this provider.

Frequently Asked Questions on Shiba Inu 

Should I buy Shiba Inu coin?

How much does Shiba Inu cost?

What is the market cap of Shiba Inu?

How do I buy Shiba Inu coin?

Where can I buy Shiba Inu coin?

About Dassos Troullides PRO INVESTOR

Dassos Troullides is an experienced finance writer who specializes in CFD, stock, and crypto trading. In particular, Dassos is skilled at breaking down complex financial topics to help new and advanced investors make better trading decisions. Dassos also writes for EconomyWatch.com, TradingPlatforms.com, LearnBonds.com, InsideBitcoins.com and ForexCrunch.com

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