Due to the increasing popularity of Shiba Inu, many crypto enthusiasts of America want to buy and invest in it but they don’t know where to buy shiba inu coin . In this article, you will know in detail How to Buy Shiba Inu on Binance US.
Introduction
In 2020 DOGE COIN (a meme coin) had very much hype and it climbed near about 135 times (it was .0046$ on 1 January and on 9 May it had a price of 0.63$). So SHIBINU an Etherium Blockchain based altcoin, which is similar to “DOGECOIN” was Created .It was Created in August 2020 and is an community driven crypto project , it was created an group called “ RYOSHI” and some people consider it as a “DOGE Coin Killer”.
Key Points of SHIBA INU
- Shiba Inu (SHIBUSD) is an altcoin that has a Shiba Inu dog as its mascot.
- Shiba Inu is often considered a rival to Dogecoin in the meme coin category.
- The project was created in August 2020 by an anonymous person or group named Ryoshi.
- The project is built on the Ethereum blockchain using the ERC-20 token standard.
- Ethereum was chosen for its security, established infrastructure, and decentralized nature.
Understanding Binance US
Before buying Shiba Inu, we need to understand the platform we are using to buy the token- Binance US. Here we will discuss the Registration process, deposit withdrawal and security measures we need to take into account while buying the token
- Registration on Binance
- Requirement The registration on Binance-US platform can be done be done with both from Mobile as well as from PC/Laptop for registration we need a Email ID / Mobile Number and for KYC we need the one of the following documents:
- A valid passport.
- Government-issued ID.
- Driver’s license.
- PAN card or your social security number.
- Your voter’s ID.
- How to create an Binance account on mobile
As we have discussed that we can create our Binance Account Using Mobile and PC/Laptop both but here we will discuss the registration Using Mobile
2. Download :- First of all we have to download Binance application on our Android/iOS mobile from App Store
Open the Application and follow these instructions
- Tap on Sign-up at top left corner, then select Sign-Up With Mobile.
- Select Country of residence and confirm.
- Tap on Create Personnel Account
- Enter your Email id and an password for the Account, click on Yes/No written at bottom and then click on next.
- Here you will see a Security check screen Slide it and complete by placing into lock.
- A verification code is sent to your Email id, Check the inbox copy paste that here Then click next.
- Enter Your Phone number here and click on Next and Verify your Phone number.
- Tap on Verify Now to Begin KYC Process.
- KYC Process On Mobile
Binance KYC is very important step of Binance registration you cannot do any transaction without performing it. Here We will discuss about KYC process on Binance:
- Enter your personal identity information according your identities proofs then click on continue.
- Enter your residential address, postal code and city information then click on continues.
- Next is the document selection page. Tap Other Documents to see a list of other accepted documents. Select one of these and tap Continue.
- If the selected document type needs to be scanned, make sure your camera covers all angles. Then avoid low light environments. Otherwise, enter the ID number in the field provided. Tap Continue.
- Once this step is successful, the app will take you to the facial recognition step. Tap Start Verification. The AI may ask you to tilt your head, wink or smile at certain points. Follow these instructions carefully.
- Remove any hats or glasses and avoid using camera filters at this point. Also, ensure there is enough lighting in the surrounding area and keep your Smartphone vertically straight. You can also ask someone to help you with the back camera for better results.
- If the face verification is successful, you will get an automated success message on the next page. Close this page to go to your dashboard.
How to Buy Shiba Inu on Binance Us
Funding the Binance Account
For buying the Shiba Inu Coin first we have to fund the Binance Wallet. Here we have discussed step by step to fund the wallet by any cryptocurrency:
- Open the Binance Application then click on “Wallet” on the Homepage.
- Now tap on funding, here you will find an 3 options to fund your binance account Deposit, P2P and Pay ( Binance Pay)
- If you want to fund your account by Any Other Cryptocurrency then Highlighted With Yellow Colour.
- Search The Crypto you want to deposit in the account.
- Select the Crypto then Click on the Blockchain network of your Crypto.
- Now Copy the wallet address and then paste it from where you are transferring the Crypto
Buying SHIBAINU Coin
Here we will discuss about buying the SHIBA INU Coin Step By Step
- Now as we have deposited a Crypto, transfer the Cypto from funding wallet to spot wallet.
- Now Click on Markets (Situated at bottom).
- Now click on spot at the top.
- Now Search Shib in the search column then tabs the required pair.
- Click on Buy Button at the bottom.
- Now from you can Buy SHIB Coin.
Conclusion
Lastly, the growing popularity of the Shiba Inu among crypto enthusiasts in the US has fueled a desire to invest in this altcoin. However, many people are unsure about where to buy Shiba Inu coins. This article has provided a detailed guide on how to buy Shiba Inu coin on Binance, a popular cryptocurrency exchange.
Key points regarding Shiba Inu Coin were discussed, including its status as an altcoin with the mascot of a Shiba Inu dog and its status as a rival to Dogecoin in the meme coin category. The article also highlights that the Shiba Inu was created in August 2020 by an anonymous individual or group called Ryoshi, and is built on the Ethereum blockchain using the ERC-20 token standard.
Furthermore, the article explained the registration process on Binance US including the documents required for KYC verification. It provides step-by-step instructions for creating a Binance account using a mobile device and details the KYC process.
Finally, the article covers the process of funding a Binance account and outlines the steps for buying Shiba Inu coin on the platform’s spot market.
How to Buy Shiba Inu on Binance US FAQ’s
What are the other options of buying SHIBA INU ?
We can purchase Shiba Inu coin on Coinbase and on Robinhood.
Is Shiba Inu a good investment?
No one can say for sure. The future of SHIB will depend on its future development, as well as how the crypto market behaves as a whole. But for now as of SHIBA's Supply it is not a good investment.
Does Binance US accept PayPal?
Yes PayPal is accepted on Binance-US.
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