If you are wondering how to buy Shiba Inu Coin in Canada, you might also have asked yourself how to buy Pepe Coin or how to buy Dogecoin, or any other cryptocurrency.
That’s great! It means you are doing your research prior to jumping into an investment. Speedy Fina is here to guide you in understanding SHIB a little better, how to acquire it, where to store it safely and how to finance your investment.
Shiba Inu Coin or SHIB is an Ethereum based altcoin with a Shiba Inu dog as its mascot, hence its name. It was created back in 2020 by a group called Ryoshi and now let by Shytoshi Kusama. So, it is a rather recent cryptocurrency.
This coin was created to answer one question: “What would happen if a cryptocurrency project was fully run by its community?”. Like other meme-inspired coins, it was meant to be abundant, with an initial supply of one quadrillion coins. On top of its main SHIB token, it also has LEASH and BONE tokens.
SHIB ranks among the top 10 meme cryptocurrencies, second to Dogecoin. That is why it is sometimes referred to as the Dogecoin killer by its supporters, who call themselves the SHIBarmy.
While how to buy Shiba Inu Coin might be a good question, WHY to buy is an important one as well!
Although it is relatively new, Shiba Inu Coin has shown great resilience. It remains at the top of meme coins, even outperforming other coins in difficult times. Even during a market downturn, while the meme coin market has plummeted, SHIB only dropped by 20 %, compared to significant losses for other competing coins.
Several aggressive initiatives are under way, like token burns and blockchain adoption, and are expected to help SHIB achieve further growth.
So the answer to “how to buy Shiba Inu Coin in Canada” is the same as “how to buy Ethereum (link coming soon) or DADDY Coin (link coming soon)”. Cryptocurrencies are available to you on crypto platforms also called exchanges.
You want to be sure to use reputable and trusted exchanges to ensure that your investment is safe.
There are several popular cryptocurrency exchanges, like Binance, Coinbase, Kraken, Uphold, Bitget and Paybis, to name just a few.
The best exchange platform for you will depend on your needs and where you’re at in the digital currency game. While Coinbase is considered to be an excellent exchange overall, Kraken is great for advanced traders and for quick trading you can choose Uphold, for example.
For self-custody, you might want to rely on Paybis, for more supported coins you can think of Bitget and for low fees you could think of Crypto.com.
It is important for you to do your research and establish your needs.
Using a digital wallet (also called crypto or electronic wallet) is the best way to keep your digital currency safe. SHIB can be stored in a software or hardware wallet.
You must choose a wallet that accepts Shiba Inu Coin. Every wallet comes with its own set of pros and cons, so do your research and choose one that will cater to your needs and how you are planning on using it.
Here are just a few wallets for SHIB:
So, if you are wondering how to buy Shiba Inu Coin in Canada, you might also be wondering how to finance your investment. There are different avenues you can take.
Firstly, you might think of a bank loan. Don’t forget that loan applications in a financial institution can be tedious and long. This can be a problem if you are watching market trends and want to decide quickly. It will also be a problem if your credit score is mediocre or poor.
Peer-to-peer lending can also be an option, but since these loans are quite risky for investors, you will need a high credit score as well.
Speedy Fina offers up to $ 1,500 loans that you can access whenever you like. A credit check is not part of our approval process, so you can access the cash even with poor credit score.
Our loans are an excellent way to finance your cryptocurrency investments. Since you can access the cash within the hour of getting approved, you can keep a close eye on market trends and jump on an opportunity when you see it.
The entire application and approval process is completed online within minutes.
It is extremely quick and easy.
Speedy Fina instant loans are an excellent way to finance your digital currency investments, no matter what coin you choose. All of our loans are easy to access and 100 % safe and confidential!
