Looking to buy Shiba Inu coin UK? Below we dig into the background of this ERC-20 token that, along with Dogecoin, has headed the pack of dog-related crypto. We assess SHIB’s strengths and weaknesses. We investigate where to buy Shiba Inu coin in the UK and recommend top brokers and exchanges where you get a safe investing space and a good deal. 

How to Buy Shiba Inu UK – Quick Steps

  • Step 1: Open Account – Select a crypto exchange or broker and create a free account.
  • Step 2: Verify ID – Most platforms will require to confirm their email address and phone number and provide a photo ID.
  • Step 3: Buy SHIB – Top crypto exchanges also allow users to purchase Shiba Inu (SHIB) directly with dollars. Simply search for the token and select ‘Buy with Dollars’.

Where to Buy Shiba Inu Coin in the UK

Wondering where the best place to invest in cryptocurrencies in the UK is? Let’s cover the best options in 2024. 

1. Huobi – Top-Rated Crypto Exchange with 4M Users

huobi reviewIf you are looking to buy Shiba Inu Coin UK, what immediately makes Huobi crypto exchange stand out is that they are giving away 20,000 SHIB when you sign up! That’s alongside a sliding scale of cash incentives totting up to $300.

Founded in China, with offices in Japan, Korea and Singapore, Huobi is focused on Asia-Pacific. This might make it seem an adventurous choice if you are deciding how to buy Shiba Inu Coin UK. But Huobi is worth a look. 

It offers 348 crypto in all, as well as 60 payment options. It has the third highest trading activity of any exchange in the world. You can fund your account and buy crypto using Huobi’s maker/taker structure, buy crypto direct with credit card (but not SHIB), or as with Binance use P2P trading. Like Coinbase, Huobi keeps most of its client funds in cold storage. And it runs a HKD 50,000 scheme to reward Huobi users for reporting possible fraud issues onsite (Trading Protection and Guardian Project).

In summary, Huobi offers a range of powerful crypto options, but fees are not clearly reported onsite. 

Pros

  • Cash incentives for signing up
  • Many crypto financing options
  • Cold storage security
  • 348 crypto with 60 payment methods
  • Trading Protection and Guardian Project

Cons

  • No FCA regulation
  • Orientated to Asia Pacific deposit methods

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

2. Binance – Leading Exchange to Buy Shiba Inu with Credit Card

binance logoBinance offers the most trade volume of any crypto exchange globally. It is a big and sometimes complicated site with a giant selection of crypto and many powerful tools. You will get the best of Binance as an advanced trader. But, for beginners, there’s plenty of support.

You can buy Shiba Inu Coin UK direct with credit card. A 3% fee on credit card transactions is currently reduced to 1%. You will need to sign up and get verified first. Or you can open an account, fund it with fiat currency, buy some stablecoins and use them to buy SHIB. Using the Binance P2P exchange, you can trade 500+ different crypto direct with other Binance users.

As a giant exchange, Binance can afford to set tighter spreads for crypto but it does charge a small commission on trades (0.1%) based on a maker/taker sliding scale. And remember: Binance is not regulated by the UK’s FCA. What it does offer in the way of security is the Binance Secure Asset Fund for Users, which is a discretionary fund for compensating customers who get ripped off or hacked. There’s also Binance’s Project Shield underway since December 2021, which aims to audit new crypto tokens coming onto the market and make sure they are not fraudulent.

Binance offers a free crypto wallet called the Binance Trust Wallet. There’s also a smartphone crypto app on offer (4.3/5 from 570k Google Play reviews). Make things easier on yourself by selecting the ‘Binance Lite’ option on the smartphone app. Like Coinbase and others, Binance offers great help material online. But customers complain that the verification process can get tricky – and don’t expect any social trading extras.

Pros

  • Buy Shiba Inu Coin UK direct with credit card
  • Giant exchange with many ways of trading crypto
  • 100+ crypto available via credit card
  • 500+ crypto available via P2P exchange
  • Crypto staking and other crypto finance opportunities
  • Free wallet and smartphone app

Cons

  • Not regulated by a financial authority like the FCA

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

3. CoinJar – Good Exchange for Crypto Beginners

CoinJar is a small Australian crypto exchange with a strong UK presence. You can deposit dollars with Coinjar with no deposit fee. The CoinJar site has a lovely, clean feel to it — which makes crypto trading just that little bit less daunting. Right now, you can buy Shiba Inu Coin UK (as well as sell, send and receive it) by using your free CoinJar wallet. You can even use the CoinJar credit card (Mastercard) to use SHIB for online shopping.

CoinJar offers three levels of crypto involvement: digital currency account (SHIB available), CoinJar exchange (SHIB coming soon) and the CoinJar Trading Desk (SHIB coming soon). With a standard CoinJar account you can buy crypto instantly using a credit card with a 2% flat commission fee. Binance are currently offering a lower fee, whereas Coinbase charge almost double that.

CoinJar offers portfolios of crypto you can buy into called CoinJar Bundles. One example is the ERC-20 Bundle, which features all ERC-20 tokens available on CoinJar. Another is the CoinJar Universe, which features holdings in all CoinJar crypto. Even if you have initially set out to discover how to buy Shiba Inu Coin UK, these Bundles are worth a look as these are a great way to diversify and reduce your risk.

Pros

  • Buy crypto instantly with credit card
  • CoinJar Bundles
  • CoinJar Mastercard – spend crypto
  • Established 2013
  • 400k users

Cons

  • No FCA regulation

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

coinbase logoCoinbase is a giant exchange based in San Francisco, US. It does not offer assets other than crypto. What it does offer is a trading environment that is recognised to be helpful to beginners, as well as the chance to buy Shiba Inu UK.

How to buy Shiba Inu Coin with Coinbase? Easy. You set up an account, get verified, fund your account with dollars and use those funds to buy. You can store your SHIB with Coinbase. Or transfer it to your free Coinbase wallet.

Buy Shiba Inu UK on Coinbase

Coinbase has 73m+ verified users and a big public profile. In 2021, it was the first crypto exchange to go public on the stock markets (NASDAQ). You can trade Coinbase stock under its ticker COIN. What customers are often drawn with Coinbase is its famous security measure of keeping 98% of client funds in ‘cold’ storage: ie. mostly offline, away from the threat of cyber-theft. What customers do not like is Coinbase’s complex fee system, which combines flat fees as well as commissions. Watch out in particular for 3.99% commission on credit card transactions. Coinbase say they will be sorting out their fee structure.

Coinbase offers 151 crypto for trading. And it also keeps a list of most coins available on the internet. Coinbase reveals that there are over a hundred Shiba Inu spin-off coins, including King Shiba, ShibaDoge and Shiba Samurai. To buy these minor coins, you will have to track them down on other exchanges.

Pros

  • Buy Shiba Inu Coin UK 
  • Upgrade to Coinbase Pro for cheaper fees
  • Free Coinbase crypto wallet & smartphone app (rated 4.7/5 on Google Play)
  • Cold storage for most client funds
  • Range of 151+ crypto
  • Free crypto learning incentives

Cons

  • Complex fee structure
  • 3.99% credit card commission fee 

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

What is Shiba Inu Coin?

Shiba Inu (SHIB) is a hugely-successful ERC-20 token that took the crypto market by storm in 2021. It is one of many ‘dog-tokens’. These are novelty crypto with a canine theme. The first dog-token was Dogecoin, and the second was Shiba Inu. Shiba Inu is a breed of Japanese dog.

There are 549 trillion Shiba Inu coin in circulation. It is currently the 15th biggest crypto with a market capitalisation of almost $12bn. 

Should I Buy Shiba Inu Coin UK Now?

Buy The Dip

Along with the rest of the crypto sector, Shiba Inu fall in value. But some investors may consider this an opportunity to buy the dip before the next bull run starts.

Real-world Adoption

As a means of payment, SHIB is attracting real-world interest. Big US cinema chain AMC Entertainment is on track to accept SHIB, as well as online retailer Newegg Commerce. Approximately 600 businesses (including exchanges) accept SHIB for transactions.

Shiberse, Oshiverse and Shibarium

When developers continue to work on a crypto, it tends to attract more investor support, which maintains upwards pressure on the price. Shiba Inu has three major tech projects in the pipeline:

  • Shibarium
    This is a layer-2 blockchain project to host SHIB transactions. Currently Shiba Inu coin is an ERC-20 coin tied to Ethereum. This means it inherits Ethereum’s flaws of slow speeds and high fees. Shibarium hopes to put an end to that and promote SHIB as a handy means of internet value exchange like Bitcoin.
  • Oshiverse
    This is a play-to-earn video game in development.
  • Shiberse
    Announced recently in late January 2022, the Shiberse is Shiba Inu’s stab at its own metaverse: an immersive virtual environment packed with NFTs to trade, no doubt, and NFT games to play. No prizes for guessing which crypto will be the in-house currency!

Shiba Inu Coin UK Staking

You can use SHIB for crypto staking. This means lending your crypto out for a given period and earning more coins as a result. Unlike its rival Dogecoin, Shiba Inu is compatible with the Ethereum blockchain, which has allowed the Shiba community to develop Dapps: in July 2021, a decentralised exchange called ShibaSwap was opened. Here you can stake SHIB for rewards as well as trade SHIB and Shiboshi NFTs.

SHIB Community

Public exposure is why Shiba Inu did so well in 2021. SHIB was the most searched-for crypto on coinmarketcap.com in 2021, with 188m searches. There are over a million holders of SHIB, according to wallet data from Etherscan. The community centres on a lively Reddit page. Half a million members of this ‘SHIBArmy’ have signed a petition to get SHIB listed on retail exchange Robinhood (hasn’t happened yet). In December 2021, a SHIB ‘whale’ (single purchaser) bought a whopping $136m of Shiba Inu Coin. And Elon Musk, the Tesla CEO whose support for Dogecoin and SHIB was so crucial in 2021, continues to tweet:

Musk owns a Shiba Inu breed of dog called Floki. 

Floki

Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

Shiba Inu Coin Price

The price of Shiba Inu is currently $0.00002181

Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.

Shiba Inu Coin Price Prediction

With 70% of Shiba stock held by under ten investors, somebody knows something positive! That’s the rumour amongst the SHIB community. Some pro analysts, though, consider that Shiba Inu’s lack of differentiation from other ERC-20 tokens will not support a meteoric price rise in 2022 to match its 2021 success. But encouraging is the developers’ work in creating a level-2 blockchain Shiba system (Shibarium) and a whole metaverse (Shiberse). SHIB is going nowhere for the moment. But whether it will reach for the moon once more is perhaps more an article of faith than anything else. 

Ways of Buying Shiba Inu Coin

UK investors have many options to buy Shiba Inu coin UK.

Buy Shiba Inu Coin with credit card or debit card

Binance, Houbi and Coinjar offer instant credit card purchase for some crypto. But watch out for commissions.

Choosing an Shiba Inu Wallet

If you are considering how to buy Shiba Inu Coin UK, you need to consider how you will store it. Most brokers and exchanges will hold onto your crypto for you for free. But you might want to send or stake your SHIB, in which case you will need a crypto wallet.

The good news about the best crypto wallets is that they offer a safe place to store your valuable cryptocurrencies.

When to Buy Shiba Inu Coin UK 

There are 2 timing strategies you can consider:

  1. Buy and HODL (Hold on for Dear Life). This means buying straight away and holding your SHIB in the expectation that the price will rise over the long-term. The median hold time as of January 2022 for Shiba Inu Coin is around 70 days, according to Coinmarketcap.com.
  2. You can take the guesswork out of crypto investing by a technique called Dollar Cost Averaging. This means investing a set amount according to a regular schedule. The idea is that small, regular investments will average out better than trying to time the market and getting it wrong. Who has a crystal ball, after all?

How to Buy Shiba Inu Coin UK – Tutorial

In deciding how to buy Shiba Inu Coin ($SHIB), you will want a vendor that makes things simple and safe for you. The below guide is a general overview of how to buy Shiba Inu Coin in the UK with most crypto exchanges.

1. Choose a Broker or Exchange to Buy Shiba Inu Coin UK

The first, and arguably most important step, is to select a crypto exchange or broker that you are comfortable with holding your funds. Each platform has different strengths and weaknesses, offers different products, has different fees, and has different track records regarding security and hacks.

2. Create Account

Find the mobile app or website of the chosen platform and download it – the best platforms are free and available on Android or iOS or as a desktop extension.

3. Verify your ID 

Having inputted some basic information and, in some cases, filled out a questionnaire, the chosen exchange will ask users to verify their identity. This includes confirming the phone number and email address, as well as providing a passport or driving license. Some may also ask for proof of address.

4. Buy Shiba Inu UK

Most large crypto exchanges allow users to purchase SHIB directly with dollars. Users should search for the token in the search bar – usually found in a prominent position on the homepage – and click ‘Buy with Dollars’ or words with that sentiment.

Then input the amount of dollars to spend and follow the steps to confirm the transaction. Users can purchase SHIB with a debit card, bank transfer, or e-wallet. Users should note that different platforms charge different fees and have different minimum purchase amounts.

Conclusion

Shiba Inu Coin has become one of the most popular cryptos to buy in the UK due to its meme coin potential and low price. In 2024 most crypto exchanges and brokers allow British users to purchase SHIB directly with dollars via a debit card, bank transfer, or e-wallet.

Therefore, the more important choice to make is which crypto exchange or broker to use as they come with different strengths and weaknesses, features, and fees. Some are also regarded as safer than others, due to their past history of being hacked and/or their regulatory scrutiny in this country and abroad.

Frequently Asked Questions when Buying Shiba Inu in the UK 

How can I buy Shiba Inu Coin in the UK?

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