How To Buy Shiba Inu Coin In India? [OverHyped?]

In the recent few years, the cryptocurrency industry has gone through a huge hop. The crypto traders and investors have earned higher returns and profits investing through the crypto market. Therefore, not the crypto traders but the finance-based companies and experts have also turned their minds to the cryptocurrency market to invest their money. As we all know, the entire world is moving towards digitalization in every field. The crypto industry will also rule all the financial markets all over the globe in the future for sure. Today, I shall thoroughly describe the Shiba Inu or SHIB that is also a cryptocurrency. Stick to the article till the end to get detailed information about the Shiba Coin and how you can purchase it using INR in India.

 

About Shiba Inu Coin:

Launched in the 2nd half of 2020 (August) by Ryoshi, who is still an unidentified person, Shiba INU, also known as Shiba Coin, has been trending and growing in the crypto market over the past couple of weeks. But due to the collapse of the crypto market, the price of Shiba Coin tumbled crucially in the month of May. It is a decentralized crypto Coin developed within the ecosystem of Shiba Inu. The Shiba Coin gets formed out of one of the trending and well-known cryptocurrencies, Ethereum. The Shiba Coin is well-compatible with the Ethereum Network. In the crypto industry, the Shiba Coin gets tagged as DogeCoin Killer. The Shiba Inu Coin is an experiment in decentralized instinctive community building. The users can also possess an unlimited amount of Shiba Coins. It is the very first cryptocurrency available on ShibaSwap (Exchange of Shiba Inu).

 

How to Purchase the Shiba Coin in India?

The large variety of crypto exchange platforms offers Indian investors and traders an opportunity to trade in multiple other cryptocurrencies, including BitCoin, DogeCoin, Shiba Coin, Ethereum, and many more with INR. But before investing in the crypto market, traders mostly scrutinize different crypto exchange platforms thoroughly, on which they can start trading without any risks. CoinDCX, WazirX, Binance, etc., are some of the most trusted crypto exchange platforms by Indian users. In this article, I shall provide a few easy steps about purchasing the Shiba Coin through these crypto exchanges in India. First of all, let us turn to WazirX:

 

Step1: Go to the official website of WazirX, or you can install its mobile app and create a WazirX Account by following a couple of steps.

Buy SHIB on WazirX

Step 2: Now, the next crucial step is, account verification and complete the KYC process. It just takes a few minutes.

 

Step 3: After completing these steps, you need to click on the Funds tab in order to open a list of cryptocurrencies on the same page. Now you can add funds to Wallet with INR by clicking on the Deposit option. You can also prefer any mode of payment, such as UPI, PhonePe, RTGS, NEFT, and more.

Buy SHIB on WazirX

Step 4: Now, you are all set to search the SHIBA INU or SHIB in the Search Bar, appearing below the Exchange Tab, and click on the SHIBA INU listed in the search result.

 

Step 5: The price trend for Shiba Coin will open. At the bottom of the screen, you can fill in the amount you will use to buy the Shiba Coin and click on it. Your WazirX Wallet gets debited, and the corresponding amount of the Shiba Coin will get credited into the account. That is how WazirX makes crypto-trading so easy.

Buy SHIB on WazirX

 

Other Cryptocurrency Exchange Platforms:

As mentioned above, plenty of crypto exchange platforms serve their users to trade the Shiba Coin and a wide range of other cryptocurrencies in India using Indian Rupees. These well-known and most trusted crypto exchanges provide a safe-trading to their customers. I am going to share two more of the most trustworthy and reliable crypto exchanges with you. Follow the below to know more about them.

  • Binance:

Binance is the very first choice of Indian investors and traders. It is the most loved and appreciated crypto exchange platform that charges lesser fees comparing to any other crypto exchange for making transactions. But unlike other crypto exchanges, you cannot buy Shiba Coin directly from the sellers as you have to purchase the USDT first in order to buy Shiba Coin or any cryptocurrency. You need to create a Binance Account with your email id & mobile number and complete the KYC process, to begin with, trading Shiba Coin. After all these formalities, you have to add money into the Binance Wallet with Indian Rupees to carry on.

Buy SHIB on Binance

 

  • CoinDCX:

Founded in 2017, CoinDCX is a crypto exchange that became popular a few months after its launch in 2018 and became the topmost priority for Indian traders in a short while. Through this platform, you can trade over 200 crypto Coins as well as fiat currencies with INR. Just like other crypto exchanges, you will have to create a CoinDCX Account with an email id and mobile number and also complete some formalities to verify and authenticate your identity by clicking on the mail sent to your email id. After this, you can add funds to your CoinDCX Wallet to trade Shiba Coin in India.

Buy SHIB on CoinDCX

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Conclusion:

At the end of this article, I would like to add some golden words about Shiba Coin. Despite spiking rapidly immediately after entering into the crypto world, the price value of Shiba Coin tumbled in a few months. But its market cap possesses all over USD 3.5 Billion, aiming for the month of June in 2021. In this article, I have provided all the possible details about Shiba Coin, which I find beneficial for you. I have also provided the most trusted crypto exchanges in India allowing you to trade Shiba Coin and how you can buy it using Indian Currency. I hope this information will surely help you out with trading Shiba Coin or any other cryptocurrencies. Good luck and have a safe trading.

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