In this guide, you'll learn:

• Buy Shiba Inu on Binance
• Buy Shiba Inu on Phantom Wallet
• Buy Shiba Inu on Trust Wallet

Let's get started.

Buy Shiba Inu On Binance

The first step in learning how to buy Shiba Inu is to choose a crypto exchange.

Step 1: Select an Exchange

The main issue beginners face when buying Shiba Inu is finding the right exchange. Some exchanges don't offer this coin. To buy Shiba Inu, you must register on a cryptocurrency exchange that supports Shiba Inu trading. Here are some popular exchanges:

• Binance
• Coinbase
• Kraken
• Gemini
• Robinhood

Ensure the exchange supports Shiba Inu in your region and review its fees and features. For this guide on how to buy Shiba Inu, we'll be using Binance.

• Go to the app store and download the Binance app on your phone.

 

 

Step 2: Login to Your Account

Once the app is installed, the next step is to log in to your account.

• We'll be using our Gmail account to log in quickly.

 

 

Note: To do any exchange or trading, you must have a verified account. To learn how to create and verify your Binance account, check out our guide on how to use Binance.

Step 3: Adding Funds to Your Account

Now that your account is ready, you need to have funds to buy Shiba Inu. There are usually several options to fund your account.

 

 

You can choose from the following options if you don't have any crypto assets.

• Buy with GBP: You can add funds using a bank transfer or credit/debit card.
• P2P Trading: You can buy directly from another user on the platform.

However, if you have crypto assets in your account, you can go with the:

• Deposit Crypto: You can exchange other cryptocurrencies for GBP.

Before proceeding, make sure you are aware of deposit fees and transfer times.

For this step, we'll be adding USDT directly to your wallet using a credit/debit card. 

• First, you need to open the Binance app and tap on the search bar.

 

 

• Search for "Buy Crypto" and tap on it.

 

 

• Make sure that the crypto you want to buy is set to USDT.

 

 

• Enter the GBP you want to spend, select the payment method for the credit/debit card, and tap on the "Buy USDT" button. 

 

 

Step 4: Buying Shiba Inu (SHIB)

Now that you have funds, the next step is to buy SHIB. You can either buy through a centralised or decentralised blockchain. We'll show you the procedure for both blockchains.

On A Centralised Blockchain Using Binance

Let's start the procedure for how to buy Shiba Inu on a centralised blockchain. The first step is to verify that you have USDT in your wallet.

• Tap on the "Wallet" section in the bottom right corner of the screen.

 

 

• Verify you have enough USDT to buy Shiba Inu.

 

 

• Now, head on to the home page, search for "SHIB/USDT", and tap on it.

 

 

• Tap on the "Buy" button for SHIB.

 

 

• Add the amount of USDT you want to use for Shiba Inu and tap on the "Buy" button.

 

 

Note: Make sure that the USDT being used is more than 2; otherwise, you won't be able to buy SHIB.

Buy Shiba Inu On Phantom Wallet

Now, if you want to buy Shiba Inu using a decentralised blockchain, you should choose a hot wallet to swap USDT for Shiba Inu. To do this, you need to first install and set up a wallet on Phantom Wallet.

• Download the "Phantom Wallet" app to your mobile phone.

 

 

• Once downloaded, open the app and agree to the terms of service. After that, tap on the "Create a new wallet" button.

 

 

Note: If you already have an account, then simply tap on the "I already have a wallet" option.

• Toggle the "Face ID" switch to on and tap the "Next" button.

 

 

• Copy the recovery phrase and tap on the "OK, I saved it somewhere" button.

 

 

• A pop-up will appear on the screen. Tap on "Yes" to continue.

 

 

• Now, your account is ready. Just tap on the "Get Started" button.

 

 

Now that you set up the wallet, you need to add USDT to your Phantom Wallet.

• First, open the CoinMarketCap app and look up the Shiba Inu coin.

 

 

Note: You can also check it through the CoinMarketCap website.

• Go to the bottom of the page and tap on the "Contracts" option.

 

 

• Check which blockchain this coin is available on.

 

 

• Go back to the Binance app and tap on the "Withdraw" icon.

 

 

• Again, tap on the "Withdraw" option.

 

 

• Choose the USDT option.

 

 

• Tap on the "Send via Crypro Network" option.

 

 

• Now, go back to the Phantom Wallet app and tap on the Ethereum blockchain.

 

 

Note: The reason why we're choosing the Ethereum blockchain is because our coin is available on Ethereum.

• Tap on the "Receive" icon.

 

 

• Copy the address for the Ethereum blockchain.

 

 

• Head back to the Binance app and paste the address.

 

 

• Select the Ethereum blockchain.

 

 

• Enter the amount of USDT you want to send and tap on the "Withdraw" button.

 

 

• After that, tap on the "Confirm" button and complete the authentication process for both Email and the Authenticator App.

 

 

Once the verification process is complete, the USDT will be transferred to your Phantom Wallet. Now, you can start the process of swapping USDT for Shiba Inu.

• Tap on the "Swap" icon.

 

 

• Select "USDT" as the top coin and "SHIB" as the bottom coin.

 

 

Note: Make sure that the USDT is on the Ethereum blockchain. Copy the address for the Shiba Inu coin on the Ethereum blockchain from CoinMarketCap and paste it into the search bar for the bottom coin.

• Enter the amount of USDT you want to spend for Shiba Inu.

 

 

• To finalise the swap, tap on the "Review Order" button and then on the "Swap" button.

 

 

Note: Make sure that you have enough ETH to complete the swap.

After completing the entire process, the Shiba Inu coin will be available in your Phantom Wallet.

 

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Buy Shiba Inu On Trust Wallet

Trust Wallet is another one of the most reliable wallets that many people use, and it also supports Shiba Inu. Let's start by installing the Trust Wallet.

• Start by going to your App Store and downloading the Trust Wallet app.

 

 

• Tap on the "Get Started" button.

 

 

• Tap on the "Create a new wallet" option.

 

 

Note: If you already have a wallet, then you'll choose the "Add existing wallet" option.

• Create a 6-digit password for your wallet.

 

 

• Tap on the "Create" button for the "Secret phrase" option.

 

 

• Tap on the "Back up manually" option to store it as a text on your phone.

 

 

Note: You can also store it on your iCloud if you're using it on an iPhone.

• Tap on all of the checkboxes and tap on the "Continue" button.

 

 

• Copy the phrases to store them somewhere and tap on the "Continue" button.

 

 

• Now, select a few phrases in the order they were generated and tap on the "Confirm" button.

 

 

Now that your wallet is created, the next step is to add funds in the form of USDT on the Ethereum blockchain to your account.

The procedure is identical to the Phantom Wallet.

• Go to the Binance app and tap on the "Withdraw" icon.

 

 

• Again, tap on the "Withdraw" option.

 

 

• Choose the USDT option.

 

 

• Tap on the "Send via Crypro Network" option.

 

 

• Now go to the Trust Wallet and tap on the "USDT" option. 

 

 

• Now tap on the "Receive" icon.

 

 

• Copy the address for USDT.

 

 

• Head back to the Binance app and paste the address.

 

 

• Select the Ethereum blockchain.

 

 

• Enter the amount of USDT you want to send and tap on the "Withdraw" button.

 

 

• After that, tap on the "Confirm" button and complete the authentication process for both Email and the Authenticator App.

 

 

Once the verification process is complete, the USDT will be transferred to your Trust Wallet. Now, you can start swapping USDT for Shiba Inu.

• Tap on the USDT option on the Trust Wallet home page.

 

 

• Now, tap on the "Swap" icon.

 

 

• Change the coin by tapping the bottom coin.

 

 

• Search for "Shiba Inu" and tap on it.

 

 

• Set the amount of USDT you want to spend and tap on the "Continue" button.

 

 

• Now, you'll verify everything and tap on the "Confirm" button. After a few seconds, the Shiba Inu will be available in your Trust Wallet.

 

 

Note: Make sure that you have Gas fee in the form of ETH because otherwise, the transaction won't proceed.

 

 

Conclusion

If you follow the entire procedure correctly, you'll see that Shiba Inu coins are now available in your wallet. If you want to keep these coins secure, then we recommend transferring them to a hot wallet like Argent Wallet.

Another thing to be cautious about is the volatility of the market. Always stay up-to-date on the trends when buying any type of token. So, if you want any sort of help in your crypto journey, then Cryptonary is here to guide you every step of the way.

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