Most people who have been fascinated by the Dogecoin also started learning about the Shiba Inu coin right after it was released. While Dogecoin has been on the market for an incredible nine years, Shiba Inu was released in 2020 with the intention of achieving even greater success. The interesting thing about it is that there are quadrillion tokens available, which is a lot bigger supply than any other cryptocurrency has. However, that is not all. Let's dig a little bit deeper!
To learn more about Shiba Inu, read this great guide on how to buy Shiba Inu.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
As mentioned before, it is a token made with the intention of outshining Dogecoin that made a significant success. Its symbol is the Japanese canine, and the coin was known by the name "Dogecoin killer". It was founded by Ryoshi, a person known only by his pseudonym. The coin is built on top of Ethereum with the intention of taking advantage of smart contracts in order to create more advanced apps.
The moment that Shiba Inu was established on the market is the moment when its founder donated 20% of his Shiba coins to the charity, which was worth one billion dollars. It is one of the biggest donations in history, and it certainly contributed to the legitimacy of Shiba Inu and the whole crypto market.
At the moment of writing, the price of the Shiba Inu coin is $0.00002192. The crypto enthusiasts hope that it will reach a value of one dollar, but that moment is not very near yet. However, there is a realistic possibility that it will reach $0.01 this or next year. When it comes to the price predictions for the near future, here is the price range you can expect:
2023 – It can go from 0.00004 to 0.001.
2025 – It is expected to go from 0.000049 to 0.07
We can only hope that the price will reach its maximum because that means larger gains.
If you are actively looking into the reasons why PayPal is a good option for purchasing Shiba Inu, we are here to make it easier for you. Here are a few factors that make it a good choice for you.
One of the reasons why many traders choose PayPal is because the deposits get transferred instantly, which is essential for the market where everything changes within seconds. Taking advantage of the opportunity that presented itself to you at that very moment can mean the difference between huge gains and a missed opportunity. In addition, withdrawals are fast, and you can receive them within one working day.
PayPal is known for its excellent reputation because of its security, and this is the reason why it is used by thousands of people worldwide. There are two ways that PayPal has included for increasing the security: end-to-end encryption and two-step login. Both of these things contribute to the overall users' experience, which is why many traders turn to it when they want to buy Shiba Inu. Also, there are notification emails that notify the owner of every change on the account, making it very difficult for hackers to do harm to your account.
Users appreciate when there are no complicated steps that can make it difficult for them, and who can blame them for it? PayPal has done its homework, so it is incredibly easy to link PayPal with the account. If we take eToro as an example, you should know that you can connect PayPal with it and make deposits within seconds.
When you decide you want to buy Shiba Inu, you can use the PayPal app, so you can make your transactions from any place in the world – the only condition is to have internet access, and that is it. It is certainly a necessity when you have an active lifestyle.
With 25 currencies available, it is very easy to understand why millions of people use them for their transactions. Even if you receive a payment in one currency, you can choose the desired currency within seconds, which can certainly make your life a lot easier.
If you are looking into finding easier ways to buy Shiba Inu with Paypal, it is necessary to find brokers that have PayPal as a listed payment method. We have made a list of the trading platforms that have PayPal as an option for buying Shiba Inu.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
eToro is certainly a favorite on the market, and we recommend it if you want to buy Shiba Inu with PayPal. One of the reasons why it is our top choice is safety. It is overseen by the best regulatory bodies such as FINRA, FCA, FinCEN, and FCA. This is why you can be sure that you will be protected to the fullest once you start trading.
eToro platform users can purchase Shiba Inu with PayPal at very low fees, which is always a great thing. Thanks to the spread-based structure, once you open a trade, you won't have to pay any transaction fees. There is only the cost of the spread that the traders must pay on both sides. In addition, there is no cost for placing deposits, and the minimum for newcomers is set at $50!
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
When you want to buy Shibu Inu with Paypal, Webull is a good option. It is very reputable in the US since it is regulated by FINRA and SEC. The reason why we listed it here is because traders don't need to pay any commission fee.
Webull offers 25 coins to choose from, giving the users an opportunity to create a diverse portfolio. You can use a mobile or desktop app or trade online, and even beginners can find it simple to use. The app offers all the information that the user may want to know, such as pricing charts and notifications, as well as two-step login, which is essential for proper security.
Another recommended option when you want to buy Shibu Inu with PayPal is Binance. It is one of the largest platforms for cryptocurrency exchange. There are more than 500 assets to choose from when you want to invest. There is a 0.1% transaction fee that the users can expect, and it should be paid every time the transaction is made. A way to make it lower is to buy the native coin of Binance BNB.
This exchange offers a very good trading environment to the users. There is even an option to bet the crypto holdings by using "Binance Earn". Also, there is a free "Trust Wallet" that enables the users to store the coins safely. You can even purchase NFTs, which is great when you want to have your options open!
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Lastly, let's get into the details regarding the process of purchasing Shiba Inu with PayPal on eToro. We already mentioned before that we recommend eToro as our prime choice for its safety and also the trading fees that are lower when compared to other platforms. We don't want to keep you waiting any longer, so here it is:
Go to eToro'se website and click "Join Now". Provide a valid email address and choose a username and a password for your trading account. If you'd like, you can even complete the sign-up process using eToro's handy mobile app, available on iOS and Android.
Due to eToro's high level of regulation, new users must verify themselves. To do so, click "Complete Profile" and upload proof of ID (copy of passport or driver's license). You will need proof of address as well (copy of bank statement or utility bill). eToro will then verify these documents, which usually only takes a few minutes.
Click ''Deposit'' and choose PayPal from the drop-down menu. Follow the instructions to link your PayPal account to your eToro account and deposit a minimum of $50.
Type "SHIBA INU" into the search bar and click "Trade". Enter your chosen trade size (minimum of $10), make sure everything is correct, and click "Open Trade".
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Hopefully, this tutorial will help you to buy Shiba Inu with PayPal easily from any place in the world you like. With the details about each platform and the fully transparent process on eToro, it will be very easy for you to start trading within minutes.
eToro is certainly our top choice since it is equally suitable for experienced traders and beginners as well. With minimal fees, excellent security, and numerous charting options, you can be sure that you will be able to trade with confidence and find your way through the market pretty easily!
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.