What Is Shiba Inu Coin: A Comprehensive Guide
Shiba Inu Coin is a cryptocurrency that was created as a fork of the popular Dogecoin. It is named after the Shiba Inu breed of dog, which is also the face of the coin. The coin was created to provide more fun and friendly alternative to Bitcoin.
Shiba Inu Coin has a total supply of 1,000,000,000,000 coins. The coin is currently traded on some exchanges, including Binance and Huobi. It has a market capitalization of over $1 billion as of May 2021.
In this comprehensive guide, we will cover all you need to know about Shiba Inu Coin, including its history, features, and potential.
Shiba Inu Coin History
According to ShibaInuCoin.com, its team has a strong track record, but most of them have been inactive since the beginning of 2017. The team decided to take a break to try
their hand at different projects and learn more about running a cryptocurrency business. During this time, various members left the team, including Dr. Jose Rafael Ruiz and Carlos Lyza E.
During the time that Shiba Inu Coin was left without a team, there were several forks, including Vibeke, Minion, Bicufimal, and SHIBEcoin. They also had numerous spinoffs, including the Shiba Inu Millionaire and Preity Coin.
However, the one that became the most widely accepted by both fans and developers alike was the Token Satoshi. Shiba Inu Coin then launched as a fork of Token Satoshi in October 2017.
The reasoning for this fork was that Shiba Inu fans wanted a cryptocurrency that would stay in character, but also be more enjoyable. In the time since the fork, Shiba Inu Coin has gone through several of its launches and relaunches, all of which have failed to catch on.
Notable Features of Shiba Inu Coin
According to ShibaInuCoin.com, the main features of the Shiba Inu Coin are:
It is a low transaction fee cryptocurrency.
2. It is easy to understand for anyone new to cryptocurrency.
It is both a blessing and a curse, which has led to some spinoffs.
It can be used for donation purposes.
It can be traded freely but can be sent to Shiba InuCoin for development.
It has a built-in hashing algorithm called Chouji, which has some unique features.
It is a perfect currency for the Dog Show World Championships, the world’s largest dog show.
It is also usable on popular services such as Facebook, Steam, and Instagram.
This leads to it being a useful currency for businesses that are already accepting it.
It has received a lot of support from people all over the world.
The Power of Shiba Inu
Shiba Inu Coin is a very creative cryptocurrency with a unique personality and even has a catchphrase that was created by the creator himself.
The slogan is “Live for the good.” What this means is that it has been created as a positive cryptocurrency that has been created with the best intentions. It is a community-focused coin that comes with a built-in relationship manager and some other features designed to make Shiba Inu Coin a safe and friendly cryptocurrency for everyone.
How To Buy Shiba Inu Coin
Currently, the price of Shiba Inu Coin is fluctuating all over the place, which is somewhat of an issue for buying it. However, various sites will let you buy it for a discounted price.
1. OKEx
OKEx is an exchange based in Hong Kong. It is a popular exchange in the cryptocurrency sphere, and it is known for its very low fees and convenient customer service. If you wish to buy Shiba Inu Coin from OKEx, it can be done with a few steps:
Open a free account on OKEx. Head over to the exchange “Marketplace.” Select the USD/BTC pair. Pick a price and get a sell order executed. Place a buy order at the best available price. Now, you can get it with simple few clicks.
2. Binance
Binance is a well-known exchange, and it is gaining popularity as a cryptocurrency exchange because it has some useful features, including a built-in wallet.
If you want to buy Shiba Inu Coin from Binance, you can get it with a few simple steps:
Open a free account on Binance. Head over to the exchange “Marketplace.” Select “Cryptocurrency.” Select the Shiba Inu Coin/BTC pair. Pick a price and get a sell order executed. Choose a buy order that matches your requirement. Put in your payment information. Now, you can get it with simple few clicks.
3. BitForex
If you are looking to buy Shiba Inu Coin from Bitforex, it can be done with a few simple steps:
Open a free account on Bitforex. Head over to “Marketplace.” Select the “BTC/ETH” pair. Pick a price and get a sell order executed. Choose a buy order that matches your requirement. Put in your payment information. Now, you can get it with simple few clicks.
4. Cryptopia
Cryptopia is a cryptocurrency exchange that is focused on having fair and transparent trading, which is beneficial for traders. Cryptopia is also an excellent place to buy Shiba Inu Coins, but it is not as popular as other exchanges. If you want to buy Shiba Inu Coin from Cryptopia, you can do it with a few simple steps:
Open a free account on Cryptopia. Head over to “Marketplace.” Select the “BTC/ETH” pair. Pick a price and get a sell order executed. Choose a buy order that matches your requirement. Put in your payment information. Now, you can get it with simple few clicks.
Best Shiba Inu Coin Exchanges
When it comes to buying Shiba Inu Coin, it is important to make sure that you do not only buy from a reputable site. But, where can you buy it at a fair price? Well, that is pretty easy.
If you are looking to buy it at a fair price, then, you will probably want to shop at one of these exchanges. Which exchange would you like to buy Shiba Inu Coin from?
If you are a new user, you will want to visit BitForex first. At the time of this writing, it is also the cheapest exchange for Shiba Inu Coins. If you are looking to buy the coin at a low price, Bitforex is a great option.
BTC.com is another good option. It is known for being more reliable than some of the other exchanges. However, there are some technical issues and fees that may be inconvenient. Bitforex, however, will give you a bit more hassle, but at least it comes with the advantage of not charging a transaction fee.
If you are a veteran of cryptocurrency and want to buy Shiba Inu Coin, then you will probably want to shop at Binance. However, it has two reasons to recommend purchasing at Binance over Btc.com:
The minimum transaction amount for Binance is around $100, so you will get a lot more for your money. This is beneficial for new users who would otherwise pay around $300 on Btc.com.
Binance charges a flat fee of 0.01% per trade, which is far lower than other exchanges.
At the time of this writing, Binance has a solid reputation and has no technical problems. For this reason, it is also a good option if you would like to buy Shiba Inu Coin with a minimum of fuss.
However, if you want to buy Shiba Inu Coin with a few clicks, then you will probably want to shop at Shiba Inu Coin Exchange. As the name suggests, the exchange is dedicated to Shiba Inu Coins. However, you may be interested in the other Shiba Inu Coins listed on the exchange, too.
Again, these are some of the best exchanges for buying Shiba Inu Coins. But, if you are just looking to buy one coin, then you may want to go with one of these exchanges.
Another thing to consider is whether or not you would like to trade with your fiat currency or your cryptocurrency.
Most exchanges will allow you to buy with either currency. However, you may want to do a bit of research first.
If you are looking to buy Shiba Inu Coin at a low price, then, it is likely that you would prefer to buy using Bitcoin. However, most exchanges will also allow you to trade with Ethereum or Shiba Inu Coin as well.
Some of the top exchanges that allow you to buy Shiba Inu Coin with a minimum transaction fee are listed below:
https://btcst.com/
https://goto.btcx.com/
https://uassist.com/
https://bitfinex.com/
http://kraken.com/
Why do people call Shiba Inu a “symbol of friendliness”?
Some of the biggest and brightest stars in the SJS community are the Shiba Inu members of the community. However, Shiba Inu is also known as a “symbol of friendliness.”
In Japan, Shiba Inu often roam the streets and greet people with hugs. While this type of behavior is not necessarily unique to Japanese Shiba Inu, it is certainly unique to this breed of dog.
Shiba Inu looks a lot like Great Danes, and it is thought that it originated as a cross between a Great Dane and a Japanese Akita.
So, why are they called a “symbol of friendliness?”
Well, when it comes to the dog breed, people often like to think of Shiba Inu as adorable. But, if we take a closer look, then we can notice that Shiba Inu doesn’t look like an average pet.
It is believed that Shiba Inu is a bit larger than other Shiba Inu breeds, and they also have massive heads.
This breed of dog is known for being well-mannered and sweet. It is often said that they are the “most loving and loyal breed of dog.”
Shiba Inu is also said to be the “ultimate dog for hunting” because of their keen sense of smell. These animals can track down prey by sniffing, and it is thought that they are capable of hunting rats, frogs, and even larger animals.
It’s important to note that this is all just a myth. However, it is an interesting story that has become very popular in the SJS community.
The “spiritual master of Japan” Why Shiba Inu is?
The ancient people of Japan are believed to have passed down their wisdom utilizing “giants.” These are divine beings that rule over the Japanese people, and you can learn more about them on the Daibutsu site.
If you are wondering why the Shiba Inu is the spiritual master of Japan, then you should read our article on the Japanese Black Labrador.
This Shiba Inu is named Yui, and it was acquired from the famous Shiba Inu Inu club of Tokyo, Japan. The previous owner, Yuichi Sakamoto, is a known dog trainer in Japan.
Sakamoto started training Yui to be a guide dog, and the dog is capable of giving owners instructions and detecting the direction to the nearest public restroom.
This dog was also taught to give “high fives” to people.
The adoption fee for a Shiba Inu varies depending on the size and other factors. However, it is believed that these animals can cost anywhere from $1,500 to $10,000.