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Buy Shiba Inu (SHIB) in UK With GBP | CoinJar
Shiba Inu
SHIB
Overview
What is Shiba Inu?
How to Buy SHIB? Shiba Inu (SHIB) has been making waves in the cryptocurrency world for quite some time, capturing the attention of investors, meme enthusiasts, and dog lovers alike. But what exactly is SHIB, and why is it often referred to as “the Dogecoin killer”?
The Origins of Shiba Inu
Shiba Inu is an Ethereum-based memecoin () that features the Shiba Inu, a Japanese breed of hunting dog, as its mascot.
SHIB is often seen as an alternative to .
Both SHIB and Dogecoin fall into the category of meme coins, which means they are associated with a theme (in this case, the Shiba Inu dog) and often launched as a playful parody. But don’t underestimate their impact — meme coins can still pack a punch.
For example, Dogecoin is is the 10th most popular crypto by market capitalisation at the time of writing, beating out other cryptocurrencies that have genuinely useful features.
Investors are buying Shiba Inu (SHIB). SHIB is (at the time of writing, April 2024), again it is more popular than some cryptocurrencies that are useful for many things.
Who created Shiba Inu?
Shiba Inu was created in August 2020 by an anonymous individual or group known as Ryoshi. The project emerged as an experiment in decentralised spontaneous community building.
Ryoshi believed that could create something stronger than a centralised team ever could.
Key Features of Shiba Inu
Massive supply
SHIB had an initial circulating supply of one quadrillion coins. Yes, you read that right — abundant is an understatement. But this abundance has not diminished its appeal, seemingly.
Shibaswap and NFTs
The SHIB ecosystem extends beyond the token itself. It supports projects like , a decentralised exchange, and an NFT art incubator. So, it’s not just about the coin; it’s about the entire ecosystem.
Woof paper
Forget the traditional whitepaper — SHIB has a “”. The “white paper” outlines the project’s guiding principles. It’s all about community-driven development and the spirit of creating something out of nothing.
Shibarium
In January 2023, the SHIB community introduced Shibarium, a layer two blockchain designed to run on top of Ethereum. Its goals include reducing congestion, introducing staking, ensuring competitive gas fees, and supporting decentralised applications.
The SHIBArmy
The SHIBArmy, with its base of nearly 500,000 members, embraces Shiba Inu’s founding principles. These include starting from zero, not relying on an existing community or preassembled team, and, of course, a love for Shiba Inu dogs.
Cash, credit or crypto?
Buy Shiba Inu using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.How to buy Shiba Inu with CoinJar
Start your cryptocurrency portfolio with CoinJar by following these steps.
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Frequently asked questions
Shiba Inu vs Dogecoin: What’s the difference?
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.
Both are available on most cryptocurrency exchanges.
Will Shiba Inu coin reach $1?
As this would put the market cap of Shiba Inu slightly north of $589 trillion, the answer is most likely no.
Is the Shiba Inu (SHIB) coin a good investment?
When Shiba Inu launched in April 2020 the price of the memecoin was US$0.000000001009.
By May of 2021, SHIB jumped 457% in one day, making it $0.00003469. The all-time high (ATH) was US$0.00008845 in October 2021. At the time of writing, SHIB is priced at US$0.00000887. So the price is down by around 90% from its ATH.
Some price predictions are positive, some negative. In some cases, the is predicted to go to $0.000055 this year.
Meanwhile other pundits predict it will stay where it is. No one has a crystal ball to see into the future!
Will Shiba Inu ever reach one cent?
While Shiba Inu will probably never reach 1 dollar, reaching one cent is more likely. But it seems to be a lofty goal.
If $0.01 per token was reached, it would make SHIB more valuable than some of the largest companies.
So while hitting 1 cent is theoretically possible, it probably won’t happen.
How can I buy Shiba Inu on CoinJar?
CoinJar is a crypto exchange that allows you to purchase Shiba Inu (SHIB) tokens using various payment methods such as a credit card or bank account. To buy SHIB, you first need to create an account on CoinJar and complete the necessary verification steps. UK Investors are required (in accordance with local legislation) to complete an assessment (investors risk understanding quiz) and wait for 24 hours. Once your account is verified, you can deposit funds into your account using your preferred payment method.
After depositing funds, navigate to the Shiba Inu trading page and enter the amount of SHIB you want to purchase.
You can also check the current price of Shiba Inu on this page. Once you've entered the desired amount, click on the "Buy" button to complete your purchase.
You don't need a specific Shiba Inu wallet, you can keep SHIB in your account on CoinJar. If you keep them on the exchange you can buy and sell SHIB conveniently, however you can also move them off the exchange into a cold wallet for protection. Again you don't need a specific SHIB wallet. You can use an online wallet such as MetaMask.
CoinJar also allows you to sell Shiba Inu, trade Shiba Inu for other cryptocurrencies, and convert your Shiba Inu to fiat currencies. You can also withdraw your SHIB tokens to an external wallet.
Your information is handled in accordance with CoinJar’s .
Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.
We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.
CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).
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