If your looking for the best app to buy Shiba Inu coin in 2022 you’ve landed in the right place. Shiba Inu is one of the many cryptocurrency token that runs on Ethereum’s decentralized finance network. It has a decentralized exchange platform called the ShibaSwap that allows users get staking rewards when they stake their tokens. The Shiba Inu NFTs called the Shibatoshis are also traded alongside other native tokens such as Bone, Leash, and the Shiba Inu. The latter has the largest market capitalization, while the other two are pricier due to their scarcity.
Reasons to Buy Shiba Inu
The Shiba Inu is an interesting class of crypto-asset built to be secure on a credible blockchain, as it runs on Ethereum’s smart contract. This means that holders can rest assured that no institution can influence the value of the coin, making it a somewhat stable investment for crypto investors.
In a slight turn of events, the Shiba Inu gained up to 300% in value, thus making it a promising coin to invest in. While speculations exist that the meme coin might not rise to 1 dollar in value, it makes it a cheap class of crypto asset that investors can buy and hold for the long term.
Also, you’d have to buy Shiba Inu, if you are interested in miming other Shiba tokens. Even if that doesn’t interest you either, the Shiba’s value can shoot up if influenced by popular figures, in a subtle, intentional, or unintentional act of support – something investors might want to stake on.
What App to Buy Shiba Inu? – Binance US
While several platforms offer the SHIB to interested parties, one of the best Apps to buy is Binance US. With Binance, you can easily hold or trade any crypto-asset including SHIB.
The US Binance is the international partner of Binance, established to meet the Crypto needs of the American populace, since 2019. Although the parent institution was established in 2017 in China. Presently, Binance is recognized as the world’s leading crypto exchange.
Benefits To Using Binance US
Binance allows registered users to trade in pairs. Its scope includes inter-crypto exchange or exchanging crypto for fiat. It has a reputation of being able to process up to 1.4 million orders each second, hence accorded to be very fast. While Binance.Us supports various cryptocurrencies on the platform, its services are charged for a small price, hence its use popularity in the US.
It comes in a simple interface that allows you to purchase your coin of interest, which is SHIB in your case, and offers a variety of payment options, in a seamless process that even newbie users can understand. Another interesting fact about Binance is that it rewards users for holding coins like XTZ, ONE, ALGO, etc. within it, through a process called ‘staking’.
Customer service and user security remain a priority for binance.US, which has made it win the heart of its users to date.
If you do not already have a Binance Acct, all you need do is to sign up and buy Shiba Inu in these easy steps:
- Log in to your Binance account
- Purchase an ideal amount of US Dollar Tether (USDT) from your dollar account
- Exchange your preferred percentage of USDT for SHIB to find your Shiba Inu wallet
- Decide if you’re doing market order or limited order.
- Fund your Wallet
Other Coins Available on Binance US aside from the Shiba Inu?
If you’re a crypto enthusiast looking to buy or trade not just the Shiba.Inu, you can trade up to over 60 plus digital coins on Binance US that you might want to invest in, as well. Some of which include the following;
- Bitcoin (BTC)
- Ethereum (ETH)
- BNB (BNB)
- Stellar Lumens (XLM)
- Ethereum Classic (ETC)
- VeChain (VET)
- Dogecoin (DOGE)
- Cardano (ADA)
- Bitcoin Cash (BCH)
- Litecoin (LTC)
- ChainLink (LINK)
Security Features on Binance US
Since digital crypto wallets are prone to hackers, Binance takes extra steps to ensure its users are secure, and do not risk a loss of their digital assets.
Users are asked to allow a two-factor authentication which helps to set an extra layer of security when your account is accessed with your log-in details. An anti-phishing code is your second authentication key that allows you to stay free of hackers on your account. You get to determine who gets funds from your account by setting up a withdrawal white list, hence making your account difficult to penetrate. A government-issued ID is further required to ensure that a user’s identity is verified before signing up on the platform. For additional security, you may use Binance’s preferred wallet partner, to limit how you share your crypto cache with third parties.
Although, many have issues with the unclear statement of security on the Binance US platform. As there’s no direct indication of how user assets are managed within the Binance US ecosystem. While this lack of transparency is an issue for many, many US crypto holders, still trade on Binance US without hassles. Binance US cheap exchange rate sets it apart from other exchange platforms, hence its large user base.
If you were looking for the best app to buy Shiba Inu coin in 2022 we hope this helped you out. The future of the Shiba Inu being a meme coin is a speculative one. While it’s best to hold long-term, users who seek a short-term investment in Shiba won’t find it less rewarding as well. While it’s important to do your own research before investing in any crypto asset, expert insights can be employed in your decision-making. Only money that you don’t mind losing should be invested into a crypto like Shiba, as it’s a volatile class of asset that can make one wealthy or broke overnight.