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Shiba Inu is an Ethereum-based alternative to Dogecoin (AKA the original memecoin).
Launched in 2020 by someone known only as ‘Ryoshi’, SHIB has no real purpose (like DOGE). However being built on Ethereum means that it can be used to create DeFi products like the decentralised exchange (DEX), Shibaswap.
While SHIB is essentially a very, very expensive crypto in-joke, with CoinJar Card users can nominate SHIB as their spend account and use it for in-store and online purchases. And really, is there any better conversation starter than telling a mate you just bought them coffee with SHIB?
Dogecoin was the original memecoin, created in December 2013 as a joke version of Bitcoin and built using essentially the same technology. Shiba Inu was inspired by Dogecoin, but was deployed as an ERC-20 token on the Ethereum blockchain. This means that beyond being a purely tongue-in-cheek crypto, it also has the power to use smart contracts in the shape of dapps and DeFi.
People typically buy Shiba Inu in the UK through a crypto exchange such as CoinJar. You simply create an account, verify your ID – it only takes a few minutes – and then either deposit money from a bank account or use a credit or debit card to make the purchase.
Shiba Inu was created in August 2020 by an anonymous figure known only as Ryoshi. Ryoshi declared that Shiba Inu coin would be the “Dogecoin Killer”.
The safest way to Buy Shiba Inu is through a trusted exchange with a proven track record. CoinJar is Australia’s longest-running crypto exchange and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds. We are registered with the FCA UK (for AML purposes) and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.
Yes – with CoinJar Instant Buy you can buy Shiba Inu with any UK-issued Visa or Mastercard. We also offer support for Apple Pay and Google Pay.
As this would put the market cap of Shiba Inu slightly north of $589 trillion, the answer is no.
CoinJar is the longest-running crypto exchange in the UK and has been designed from the ground up with security and ease-of-use in mind. From the quick and intuitive sign-up process, to our lightning fast bank deposits and withdrawals, low fees starting at 0% (on CoinJar Exchange), and a user-friendly iOS and Android app, CoinJar is the ideal crypto exchange whether you’re buying crypto for the first time or an experienced investor.
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