To briefly summarize, Shiba Inu is an altcoin cryptocurrency. The name is inspired by the Japanese breed of hunting dog (Shiba Inu), which is also the mascot of the cryptocurrency. Altcoin is a nickname for any cryptocurrency other than bitcoin. Also, the Shiba Inu cryptocurrency was created by Ryoshi in 2020 and hosted through the Ethereum blockchain.
What is Shiba Inu crypto and why is it popular?
Shiba Inu is part of the “meme coin” trend. Meme coins are launched more as a joke without having any real utility as a digital product. It is inspired by a cryptocurrency called Dogecoin, the Shiba Inu crypto Shiba Inu has grown with the help of a dedicated community called the “Shib Army”. Created on the Ethereum blockchain, Shiba Inu has taken on one of the characteristics for which it is so prized, namely decentralization.
The Shiba Inu ecosystem includes 3 tokens. A 4th token will be added to the collection.
- Shiba Inu (SHIB) – the project’s core coin, the supply of which was split in two right at the start, with half being locked on a swap platform and the other half donated to Ethereum’s co-founder.
- Leash (LEASH) – represents the other end of the whole ecosystem and is used as a reward for those who support the ecosystem
- Bone (BONE) – in terms of supply, it is between the other two tokens and is offered to those who hold their Bone tokens
- Treat – is the token to appear and is designed as an access key
All the terminology around this cryptocurrency refers to the lexical field of dogs, which reinforces the culture and community behind the ecosystem.
How to buy instant Shiba Inu by card?
One of the options one has when purchasing a Shiba Inu is the non-custodial exchange platform. The main idea of this model is to free the user from the pitfalls of the opposite type of platform, the centralized one. Specifically, to eliminate the need to create an account, time-consuming verifications and approvals for transactions from the platform.
With a non-custodial exchange, transactions happen very quickly, with lower fees and without the need to show even ID. Depending on the platform you choose, you can also benefit from other advantages. On Abarai, for example, you can transfer any amount under 1000 euros with just a few clicks, at an amazing transaction speed. Also, another way to get instant Shiba Inu cryptocurrency is by swapping with other funds in your digital wallet. Abarai also provides this service, with over 2000 cryptocurrency variants to swap with.
Where can you sell Shiba Inu in Romania?
The answer to that question is simple, on the same platforms you buy from. You can sell your Shiba Inu, and in exchange get fiat money directly to your card via bank transfer. There’s also the option of selling your funds for cash on your card via P2P (peer-to-peer) transactions. However, this procedure is recommended for those who already have some experience in the crypto world, as there can be potential pitfalls from the other side.
Advantages and risks of selling or buying a Shiba Inu
Benefits
1. Popularity
Having a strong community automatically and cryptocurrency popularity is directly proportional. This leads to high liquidity, therefore most platforms where you’ll search for Shiba Inu for sale, you’ll find it, without question.
2. Low price
Cryptocurrency has a low price, which makes it affordable to purchase a large quantity with a relatively small investment. To get an idea, the Shiba Inu price (at the moment) is 0.00001317.
3. Volatility
You can buy Shiba Inu and profit from currency volatility in a very short time. However, this requires very careful market research. Also keep in mind that this method requires the ability to trade quickly and have full control over your virtual wallet.
Disadvantages
1. Volatility
Shiba Inu crypto’s volatility is recognized as both an advantage and a disadvantage, depending on the perspective you adopt. By taking the time to monitor the market, you can profit or lose from cryptocurrency. However, if you don’t watch closely you could end up with some considerable losses.
2. The meme character
The fact that the Shiba Inu is a meme currency makes her largely dependent on her community and the hype it may or may not create around her.
3. High supply
There are almost 400 trillion SHIBs on the market at the moment. This number is huge, and the problem is that it’s incredibly hard to keep the price at a decent level under these conditions.
Why is it advantageous to buy Shiba Inu instantly by card?
- The fact that you can get hold of cryptocurrencies in just a few clicks helps you deal with market volatility, especially if you use platforms like abarai
- Let’s not forget the time savings that an instant transaction can bring you. The fact that checkout barriers are non-existent is to the advantage of people with a busy schedule.
- Convenience is another advantage offered by platforms that allow you to sell instantly and without verification. You don’t have to go through any KYC process or set up an account that needs to be verified. This feature makes any cryptocurrency just as easy to buy as products from online stores.
- No verification automatically means greater privacy, both for you as an individual and for your funds.
In conclusion, if you choose to buy Shiba Inu instantly, you are choosing a fast and convenient cryptocurrency trading solution that can take advantage of the validity of the market. Whether you’re an experienced investor or just starting out, Abarai comes to your rescue with very fast transactions, a wide range of payment or swap methods, and even support in case something doesn’t go the way you wanted.
If you are interested in this project you can visit the official Shiba Inu website or participate in the discussions on the Reddit community.