Cryptocurrencies are unregulated in the UK. Cryptocurrency profits may be subject to Capital Gains Tax. The value of investments is variable and can go down as well as up.
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 shouted 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.
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.
CoinJar’s digital currency exchange services are operated 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).
Like all investments, cryptoassets carry risk. Due to the potential volatility of the cryptoasset markets, the value of your investments may fall significantly and lead to total loss. Cryptoassets are complex and are 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 Card is a prepaid Mastercard® issued by EML Money DAC pursuant to licence by Mastercard International Inc. The e-money associated with your card is issued by EML Money DAC, authorised by the Central Bank of Ireland under the European Union (Payment Services) Regulations 2018 (Ref C95957). We recommend you consider the CoinJar Card Terms and Conditions before making any decision to acquire the product. Mastercard the circles design are registered trademarks of Mastercard International Incorporated.
Google Pay is a trademark of Google LLC. Apple Pay and Apple Watch are trademarks of Apple Inc.