SHIB or the Shiba Inu token is available on limited crypto exchanges in the USA. Further, even though recently various firms such as the AMC theatres have started accepting SHIB and other cryptos as payment options, it becomes essential that you know ways to buy Shiba Inu in the USA.
Table of Contents
What is Shiba Inu?
Shiba Inu is also known as Shib token is inspired by dogecoin and is informally known as the Doge Killer. Shiba Inu and was created in august 2020 by Ryoshi and is listed on all major crypto exchange platforms. Further, Ryoshi’s aim to create Shiba Inu was to check whether he will be able to build a token that is entirely driven by the community and has no other use case behind it. Further, Shiba INU had no reserves for developers or the team behind the project and everyone who owns SHIB bought it with their own money.
How to buy Shiba Inu in the USA?
The users must look for an exchange that supports both fiat and cryptocurrency for buying the Shiba
- Open an account on an exchange that supports SHIB.
- Deposit funds into your account.
- Buy Shiba Inu, In this article we will use BYDFI.
Where to buy Shiba Inu?
BYDFI is a cryptocurrency derivatives exchange providing services in 100+ countries with over 500,000+ users. Further, it is one of the fastest-growing exchanges with the current company slogan “Grow Your Future in the Yard”, BYDFI is an easy-to-access and use trading platform. It is regulated by American money services Businesses.
The platform allows investors to trade a wide range of cryptocurrencies like BTC, ETH, BCH, XRP, DOT, SHIB, ETC. They provide trading in 45 cryptocurrencies with the leverage of 5:125 with a minimum investment of $5.
BYDFI is a legit cryptocurrency exchange, where you can buy and sell Shiba tokens and other cryptocurrencies also.
Read our BYDFI Review to know more.
Steps to create an account
- Click the button below to visit the official website of BYDFI or click here.
- Enter your email or user can sign up with mobile, password, referral code (zPe4QC), and hit the submit button.
- Verify your account with the verification code sent in your mail, and then log into your account.
- Now, complete your KYC verification by uploading the necessary documents/
- Enable two-factor authentication from account security.
Steps to Deposit
- Find “Assets” and select “Deposit” on the top right-hand corner of your page and select the coin you want to deposit.
- Select the desired coin on the “Coin” option, the deposit address and QR code will display.
- Either scan the QR code or copy the address to send crypto to your wallet.
- Here we will use USDT to deposit.
Steps to buy Shiba on BitYard?
Buying cryptocurrency is easy on BYDFI as they have a simple UI design.
To buy SHIB, users can follow the below steps:
- Visit the BYDFI website or app from your phone or pc/laptop
- Now, click on the spot trading option.
- Users will land on a trading page to buy or sell various cryptocurrencies.
- Now, find the SHIB/USDT by scrolling down on the left hand sidebar.
- Then enter the amount of SHIB you wish to buy and hit the Buy button.
- Users can also sell the cryptocurrencies there. Just select the cryptocurrency which the user wants to sell.
How to Withdraw from BYDFI?
- Find “Assets” and select “Withdraw” on the top right-hand corner of your page and select the coin you want to withdraw.
2. Select the coin you want to withdraw
3. Add your deposit address, click the “Manage Address” and you will be directed to this page.
4. Select the coin you want to add
5. Enter the address correctly
6. Enter the wallet’s label
7. After finished, press Confirm
8. Check the availability of coins you have and enter the amount correctly.
9. Enter your PIN, if you haven’t set it, set it first.
10. After finishing, please click “Confirm”
Conclusion
Buying Shiba Inu and other cryptocurrencies is easy and secure as they provide various security features. BYDFI is trusted by 500,000+ users in 100+ countries. Users have set a password for withdrawing and depositing; the individual code will be asked to enter for withdrawal as well as the deposit.
Frequently Asked Questions
1) Is BYDFI safe?
Bit yard provides various security features to keep the account safe, they have added KYC features to strengthen the account security. Bit yard also provides google verification for withdrawing, password reset, and other security settings.
2) Is Shiba Inu a good or bad investment?
Buying and selling of any cryptocurrencies depend on the market, Shiba In coin is cheap/new cryptocurrency and it is a low-risk investment that has hidden rewards but there will be risks also, the users must gain the knowledge of trading and do some independent research to make a better decision.
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