While some see this movement as the end of the bear market, others predict a strong reversal. Half Shiba Inu was initially released in early February 2023 via an initial coin offering (ICO) for around $8. The price remained relatively stable before reaching an all-time high of $14.88 on Feb. 20, 2023. Investors should conduct their own research and analysis before making any investment decisions.
Hardware wallets are physical devices that store the private codes needed to send crypto. If the physical device is not present to confirm transactions, the crypto cannot be sent. Shiba Inu is planning on launching its own Layer 2 blockchain called Shibarium, which would allow for faster transaction speeds, scalability and costs. A Layer 2 chain acts as an extension of a Layer 1 blockchain — Ethereum in this case — so Shibarium will act as an extension of Ethereum that can process its own transactions. SHIB0.5 could be listed on Shibarium when it launches, which would further lower transaction costs and increase speeds. Most exchanges need a minimum $50 deposit to exchange it for crypto.
How to Buy Half Shiba Inu (SHIB0.
The platform employs a unique trading model, unlike its predecessors, called automated liquidity protocol. On Kraken you can buy, sell and trade $SHIB, you can stake other coins and tokens. You can also trade on margin, spot, and futures for several digital assets.
It has several other parts that contribute to the overall token ecosystem. One of the major ideas driving the rise of cryptocurrencies and blockchain technology is decentralization — where no central authority has control over the token. In many cases, a person or group has control over a large portion of the token supply, can make major decisions and takes power away from the community. Half Shiba Inu aims to put control back into the hands of the community. At this stage, ensure that you transfer some Ethereum to your Metamask wallet to use as the swap asset on UniSwap. You will notice that now you have the $SHIB token listed on the Metamask wallet dashboard screen as shown below.
You should also be aware of the potential for loss, and only invest what you can afford to lose. If you are planning to trade crypto, please consult a financial adviser. After this, the swap has been done and you will get a Token in your MetaMask wallet. Once you go to the official Uniswap website, click on Connect Wallet. Notice that it has the ‘Added by user’ description next to its title showing that we have added it to Metamask wallet.
While it has created a somewhat strong community, it has a relatively low market cap and volume. Additionally, the NFT project currently has NFTs selling for below mint, often a sign of a struggling project. However, if you believe that SHIB0.5 has long-term potential, then it could be a great entry point.
The platform will have Ethereum preselected by default but if you need to swap from another token click on the first selection tab and choose the correct asset. Shiba Inu will not be listed within your Metamask wallet by default, so you have to add it to view any tokens that you swap to SHIB later. Otherwise, your wallet address will show that you have Shiba tokens but they will not be visible in your wallet interface.
non fungible tokens
Although Half Shiba Inu charges no fees, you pay transaction fees to the decentralized exchange (DEX) where the transaction occurs. The owners also have a renounced contract in which they have given up custody of the smart contract that automates this process. They cannot change the original smart contract, furthering the decentralization of the project. Shiba Inu tokens ($SHIB) can be bought off a centralized exchange such as Coinbase or exchanged from another token on a decentralized exchange such as UniSwap. The tokens are easily accessible due to the popularity of the project and the meteoric rise of the value of the $SHIB tokens over 2021.
We also gather additional information from different sources to ensure we cover all necessary data or events. The best place to store the crypto you have bought is in wallets outside the exchange. The first choice is a hardware wallet, and then you can go with the official coin wallet and third-party software wallets. As ERC-20 Token Half Shiba Inu can be stored on any wallet which supports Ethereum.
Similarly, also choose the SHIB token in the second section. Other SHIB ecosystem features are The Shiba Incubator for Art, the aforementioned decentralized autonomous organization (DAO) DoggyDAO, and the Shiba Inu Rescue Association. Through the rescue association, the #ShibArmy donates funds to help dogs in need globally, especially the Shiba Inu breed.
Binance is the leading crypto trading platform by daily trading volume, supported coins/tokens, coverage, and products/features. Whatever blockchain-related product or service that you need, Binance probably has it. Everything from staking, trading, brokerage, custody, lending, early-stage investment (or initial exchange offerings), charity, Visa card, e-commerce solution, among several others. KuCoin exchange was launched in 2017, around the same time as Binance, and similar to its counterpart, it has grown to be a worthwhile crypto trading platform. It is now based in Singapore and serves more than ten million users across the world.
How to Buy Shiba Inu token (Step-by-Step Guide)
Buying SHIB is a simple and straightforward process depending on the channels you use. However, BONE and LEASH tokens may be harder to acquire as they are not as widely supported as SHIB. Information is accessed through a password, which can also have two-factor authentication. You can attach a hardware wallet to your MetaMask to make your trades efficient and safe.
- This one feature makes the process of buying Shiba Inu tokens through a DEX very different.
- Uniswap is a decentralized exchange on the Ethereum platform, you can’t buy any token on it without owning Ethereum, so first of all you need to get an ETH coin, Ethereum(Instructions where to buy ETH).
- As soon as you provide the amount you want to spend, Coinbase will automatically load up the confirmation screen showing the coin or token you have elected to purchase and the amount you wish to spend.
- Create an account on one of these platforms using an email and password and then verify your account using basic personal information.
- The tokens are easily accessible due to the popularity of the project and the meteoric rise of the value of the $SHIB tokens over 2021.
- The exchange offers three different wallets like MetaMask, Coinbase, and WalletConnect.
Following this act, Shiba Inu became a household name amongst the blockchain community. Its market value, since it was launched, has skyrocketed, making it one of the best performing crypto assets of 2021. Search for the pair of SHIB and SHIB0.5, and execute the trade.
contract
Now you can agree to share analytics data or not just choose with which option you’re more comfortable. When the download is finished MetaMask welcome page will open, if not you can click MetaMask icon on the top right corner, and click “Get Started” on MetaMask welcome page to start the wallet creation process. Choose Metamask or any of the other supported wallets that you prefer. Bitcoin is preselected by default so search for Shiba Inu by typing out the name in the search box and selecting it.
The below table shows all exchanges where you can buy SHIB0.5 crypto. For some exchanges there is depth percent it shows how much liquidity is available, live bids 2% up or down from the current price. Different pairs are listed separately with the corresponding volume.
There is only one crypto exchanges on which you can trade SHIB0.5. The top exchange by buy/sell volume for the last 24h is Uniswap V2 with weth trading pair. The procedure to buy tokens through a Decentralized Exchange (DEX) varies slightly from using a centralized exchange because the latter has to comply with global KYC regulations. Every platform that accepts fiat funds transfer has to comply but DEXes don’t support fiat to crypto swaps. To trade your SHIB0.5, navigate back to a DEX and swap your SHIB0.5 position for SHIB. You can then send SHIB back to a trading platform and sell it for fiat currency or swap it for a different token.
One More Step
The first step is to access the Coinbase homepage and log in using your username and password. If you do not have a Coinbase account, you will have to sign up and verify your identity before coming back to proceed with this tutorial. Shiba Inu may have started out as an experiment with the hope to replace DOGE, but the community behind the asset has been working to give the token some real-world utility. In early 2023, many major cryptocurrencies have seen a rebound after a tough 2022.
How much I need to buy Half Shiba Inu coin?
However, the Ethereum blockchain is undergoing one of the biggest and most important upgrades that will see it become cheaper, more eco-friendly, and much faster to transact on. As a result, all ERC tokens will inherit these qualities including SHIB, BONE, and LEASH. Vitalik Buterin, who at the time held half of the SHIB’s total supply, donated 10% and burnt the rest of the Shiba Inu tokens in his wallet. Navigate to your portfolio and use the send feature to send your crypto to your wallet.
After seeing rapid growth in 2021, Shiba Inu Coin (SHIB) has established itself as one of the most popular cryptocurrencies. Uniswap is a decentralized exchange on the Ethereum platform, you can’t buy any token on it without owning Ethereum, so first of all you need to get an ETH coin, Ethereum(Instructions where to buy ETH). These are a few of the most important factors to consider while choosing a trading platform to use when buying SHIB or any other cryptocurrency. In the section on where to buy SHIB, we will provide an example of how you can use Coinbase, the leading US-based crypto trading platform.
You can get this contract address from CoinGecko or CoinMarketCap. On the Swap app page, you will need to link your Ethereum wallet to UniSwap. Click either of the two [Connect wallet] buttons found on this page to load up the available wallet options to which you can connect. Choose the amount you want to spend in your purchase from the available options or specify a custom amount by clicking on the [Custom] button and entering an amount you are looking to spend. Once you do, Coinbase will automatically close the asset selection box and take you back to the original screen to select the number of SHIB tokens you wish to buy.
Make sure that you have a small amount of SHIB available to cover transaction fees. Half Shiba Inu does not charge fees on transactions because the token is a SHIB liquidity provider (LP). You swap SHIB for SHIB0.5, and the owners of SHIB0.5 take SHIB out of circulation and give you the same value in SHIB0.5. In this sense, SHIB0.5 mirrors a certificate of deposit (CD)m certifying that you gave the owners of the project an equal value in SHIB. The funds from the original mint were distributed such that 50 NFTs are saved for future giveaways and 30% of the revenue was used for liquidity injections and buybacks of the token. If you are interested in the project, check it out on OpenSea.
The address to your wallet can be found on the dashboard of your wallet and is a 64-character string of letters and numbers. While this is not as safe, MetaMask is a software wallet that takes extra steps to ensure the security of funds. Ledger is a leading brand of hardware wallet known for its safety and usability. It offers Nano S Plus and Nano X models, with a Ledger Stax available for preorder. The Nano S Plus offers basic features while the Nano X is designed for easier use with Bluetooth connectivity and a larger screen. Wallets give users full discretion over their funds and give them access to a variety of decentralized finance (DeFi) applications.
