How to Buy Shiba Inu on eToro – Beginners Guide

In this guide, we’ll show you how to buy Shiba Inu on eToro. Shiba Inu was one of the fastest-growing cryptocurrencies last year, outpacing the gains of competing meme coins like Dogecoin. As Shiba Inu launches a series of apps for decentralized finance, this token could be poised to move even higher.

If you’re looking for the best way to buy Shiba Inu (SHIB), we’ll cover everything you need to know. Read on to find out how to buy Shiba Inu with eToro.

How to Buy Shiba Inu on eToro – Quick Guide

How to Buy Shiba Inu with eToro – Tutorial

Now that you know the basic steps of how to buy Shiba Inu on eToro, let’s walk through the process in greater detail. We’ll cover everything from sign up to purchase.

Step 1: Sign Up for eToro

Head to eToro.com and click Start Investing to open a new account. Enter your email and choose a username and password for your account. Then fill in personal details like your name, phone number, zip code, and birthday.

Step 2: Verify Your Account

eToro requires you to verify your identity in order to comply with federal Know Your Customer regulations. To complete this step, you must upload a copy of your driver’s license, passport, or another government-issued ID. You can take a photo of the front and back of your ID using your phone.

eToro will automatically scan your document and verify your account.

Step 3: Deposit Funds

eToro requires all new users to make a minimum deposit of $10. You can pay by credit or debit card (Visa or Mastercard), PayPal, Neteller, or Skrill. eToro also accepts bank transfers with a minimum deposit of $500.

Step 4: Create a Crypto Wallet (Optional)

Unlike other crypto exchanges, eToro doesn’t require you to have a crypto wallet. You can simply store your Shiba Inu coin in your investment account, the same way you would store stocks and other assets on eToro.

However, you will need a crypto wallet to send your Shiba Inu token to someone or to use it for purchases. eToro offers its own free crypto app, eToro Money, that you can use on iOS or Android devices. Simply install the eToro Money wallet from Google Play or the Apple App Store and sign in using your eToro username and password.

Step 5: Search for Shiba Inu

Now you’re ready to buy Shiba Inu with eToro. In the eToro dashboard, search for ‘SHIB’ or ‘Shiba Inu’ using the search bar at the top of the page. When it appears, click Trade to open a new order form.

Step 6: Buy Shiba Inu

In the order form, enter the amount of Shiba Inu you want to purchase in US dollars. You can set a stop loss or take profit for your order, but these are primarily used for day trading crypto. When you’re ready, click Open Trade to buy Shiba Inu coin.

How to Sell Shiba Inu on eToro

The process for selling Shiba Inu on eToro is almost identical to the process for buying it. The only difference is that after you search for Shiba Inu and open an order form, you must click the Sell option at the top of the form.

Then enter the amount of Shiba Inu coin you want to sell in US dollars. Clicking Open Trade will sell your Shiba Inu.

How Much Does It Cost to Buy Shiba Inu on eToro?

eToro has a simple, low fee for buying Shiba Inu and other cryptocurrencies. You pay a 1% transaction fee each time you buy and each time you sell.

This is very competitive with other major crypto exchanges. Importantly, eToro does not charge extra fees for using a credit or debit card. Just note that eToro does charge a $5 withdrawal fee.

eToro Shiba Inu Review

Why should you buy Shiba Inu on eToro instead of another exchange? eToro stands out as one of the best cryptocurrency exchanges you can use today.

First, the eToro Shiba Inu listing is just the tip of the iceberg at this exchange. With eToro, you can buy and sell nearly 50 popular altcoins, including cryptocurrencies like Ethereum, Dogecoin, Cardano, and Solana. You’ll find altcoins, memecoins, DeFi coins, and much more at eToro.

You’ll pay the same 1% transaction fee for any of the cryptocurrencies eToro offers, making it easy and inexpensive to build a crypto portfolio. eToro is one of only a handful of crypto exchanges that doens’t charge extra when you buy crypto with a credit or debit card.

eToro also stands out for its range of investing and trading tools.If you’re looking for the best cryptocurrency to invest in, eToro offers expert advice and insight into the market. A social sentiment indicator reveals whether investors are buying or selling Shiba Inu at any time. In addition, eToro has a crypto market news feed and price alerts to help you stay on top of the market.

On top of all that, eToro offers highly customizable technical charts for active crypto trading. The platform also has a built-in social network so you can connect with other crypto investors and share ideas.

If you want to trade crypto but don’t know where to start, you can take advantage of eToro’s copy trading feature. This lets you mimic the moves of experienced crypto traders automatically, taking much of the work out of trading.

eToro is regulated by the UK’s Financial Conduct Authority, one of the world’s leading financial regulators. In addition, the platform offers 24/7 customer support.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Conclusion

Shiba Inu is one of the fastest-growing meme coins in the crypto world right now. The cryptocurrency has exploded in popularity and stands to benefit from new apps like a decentralized crypto exchange.

Not sure if it’s too late to buy Shiba Inu in 2023? If you want to buy Shiba Inu coin before the price moves any higher, check out eToro. eToro lets you buy Shiba Inu with a credit card, debit card, or e-wallet, and you’ll pay the same 1% transaction fee regardless of what payment method you use. On top of that, eToro offers its own crypto wallet app and has standout features like a social trading network and expert analysis.

Ready to buy Shiba Inu on eToro? Sign up to get started today!

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

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