What Is SHIB Coin Cryptocurrency: Everything You Need to Know

What is SHIB coin cryptocurrency? SHIBA INU (SHIB) cryptocurrency is a meme coin that competes against Dogecoin. The token has been tradable since August 2020. According to the website, the main developer’s goal is to attack popular Dogecoin and surpass its success. In the past few weeks and days, SHIB’s price has increased by 1,100%. Still, what is SHIB coin crypto? Let’s try to find out!

What Is SHIB Coin Crypto Used For: Key Things to Know

How was mentioned before, SHIBA INU is a so-called meme coin. Its developers are probably about to benefit from Dogecoin’s hype. Why the price of this meme cryptocurrency continues to rise is a mystery even to long-time crypto experts. Significant price increases in recent weeks are the reason why more and more investors and traders want to benefit from such price gains every day.

What is SHIB coin crypto used for? Is it worth investing in SHIB cryptocurrency? An enormous increase in the share price of SHIB was fueled by the public’s interest in DOGE. As for credibility and SHIB’s concept, there are still several uncertainties to date. SHIBA INU is definitely interesting for some investors because the platform is new and can offer various potential values ​​in the future. 

What is SHIB coin crypto used for? Well, while Dogecoin is based on Bitcoin and therefore isn’t available for DeFi, SHIB is compatible with the Ethereum ecosystem and quite suitable for future use for dApps, smart contracts, NFTs, and DeFi.

It’s therefore quite possible that SHIBA INU will actually become a DOGE killer. Investors and crypto experts note that high volatility is to be expected. Buying SHIBA INU at a low price could be worthwhile in the long term.

What Is SHIB Coin Crypto Trading: Where to Trade SHIB?

What is SHIB coin crypto trading? SHIB coin is available on a wide variety of exchanges and trading platforms. However, there are a number of factors to consider before choosing a particular platform. For example, you should look for a reputable service provider with reasonable transaction fees, 24/7 customer support, an easy-to-use interface, and support for multiple payment methods.

So, what is SHIB coin crypto trading? How and where is it possible to trade SHIBA INU? In India, users can exchange the coin on WazirX crypto exchange. Other platforms such as Uniswap and a web version of CoinDCX have also listed SHIBA INU tokens. Uniswap is a decentralized trading (DEX) on Ethereum network that allows you to buy and sell ETH cryptocurrency and other Ethereum-based tokens. 

Where to Buy SHIB Coin Cryptocurrency: Best Crypto Exchanges

Once we’ve found out ‘What is SHIB coin cryptocurrency?’, let’s consider a list of the most popular crypto exchanges to buy SHIBA INU.

Binance is the most important platform for buying SHIBA INU cryptocurrency. SHIB tokens can also be swapped for fiat money and other cryptocurrencies on the following crypto platforms: LongBit, CoinBene, Hotbit, Hotcoin Global, AOFEX, Ox Protocol, BitForex, HCoin, BiONE, Bilaxy, Biki, BitMart, Hoo, Lbank, DigiFinex, BKEX, BW.Com, 1inch Exchange, XT.COM, GokuMarket, CoinEx, MSC.COM, BigONE, ZB.COM, OKEx, Uniswap (V2), Poloniex, KuCoin, Huobi Global, and Gate.io.

What is SHIB coin crypto? What other interesting facts do you know? Feel free to share your knowledge in the comments!

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