How to buy Shiba Inu Coin in India? - A Step-by-Step Guide

16 June 2021
Cryptocurrencies have become more popular in the recent decade and also to be considered as one of the important aspects in 2021. Most of the corporates and brands have started accepting crypto as a payment option. Celebrities likes Elon Musk, Jordan Belford, and Mark Cuban have started endorsing cryptocurrencies. At the initial stage, a few of the cryptocurrencies were considered such as Bitcoin and Ethereum. Even though, you have seen the renascence of the Altcoins in the past year.
Any crypto coin other than Bitcoin is called an Altcoins. Some of the examples of popular altcoins are Ethereum, Ripple, Litecoin, Vechain, Dogecoin, Neo, Stellar, etc. In the previous year, most of the altcoin prices have raised significantly when compared to Bitcoin. So, Altcoins has become a fascination among the investors for gaining more profits. A new altcoin called Shiba Inu Coin has recently gained more attraction in the crypto world. Before we get into this topic, let's have a look at Shiba Inu cryptocurrency and how to buy Shiba Inu coin in India from the Koinbazar exchange?

What is a Shiba Inu Coin?

Shiba Inu (SHIB), also referred to as Shiba Token. It's a decentralized cryptocurrency that was created by an unknown person called "Ryoshi" in August 2020. Shiba Inu is an ERC-20 token has built over the Ethereum blockchain. This token doesn't have any smart contract utility. It is simply a transferable token.
The creators of a Shiba Inu coin got inspired by the famous cryptocurrency called "Dogecoin". SHIB has already got acquired some Dogecoin markets and also they brand themselves as "The Dogecoin Killer". Shiba Inu tokens have quickly gained more attention among the various investors. Shiba Inu team is planning to launch an exchange in the future is named "ShibaSwap" which is similar to Uniswap and Pancakeswap.

Top reasons to invest in Shiba Inu cryptocurrency Today:

Here are some of the reasons that why should you invest in Shiba Inu crypto,
  • Breathtaking market capitalization
  • Powered by Ethereum
  • Token price is too low
  • Listed on many exchanges
  • Hype among investors worldwide
  • High Liquidity
  • Minimal fee requires to buy SHIB
  • Massive fan followers
  • Easy to Invest
  • A lower risk involved when compared to other cryptocurrencies

Read more: Why should you Buy Shiba Inu Coin?

Where to buy Shiba Inu Coin in India?

Are you looking for the best exchange to buy Shiba Inu in India? Then, you have landed at the right place. Koinbazar, India's leading cryptocurrency exchange where you can buy, sell, and trade any kind of cryptocurrency easily at the lowest trading fee. In this guide, we have explained the step-by-step procedure to buy Shiba Inu with an Indian rupee (INR) directly.

How to buy Shiba Inu Coin in India from the Koinbazar exchange?

To buy Shiba Inu with INR easily here, follow the step mentioned below,
Step 1:
Visit Koinbazar.
Step 2:
If you are already a registered user, choose 'SIGN IN' at the top right corner of the website to log into your account. If you are a new user, click 'SIGN UP' in the top-right corner to register your account.
Step 3:
After you sign into the account, choose "MY ACCOUNT" at the top right corner of the page. Update the requested details to build your profile.
Step 4:
Choose KYC verification under "MY ACCOUNT".
Step 5:
Update the KYC authentication section requested details and identity certificates should be updated and then click 'SAVE'.
Step 6:
Choose 'BANK DETAILS' and update your required information. Then, click "SUBMIT". Once the admin approved, you will be able to deposit and withdraw your funds from your Koinbazar wallet.
Step 7:
Once the admin approved your bank details, Choose "Funds" from the top right corner of the menu and select "Deposit".
Step 8:
Choose the "Fiat" option from the deposit. Your desired funds to be deposited in the form of fiat currency.
Step 9:
Then choose the 'Manual Deposit' option and update the required information and also instant INR deposit options available. Your transferred amount will be credited to your Koinbazar wallet after reviewed by the admin.
Step 10:
Once your funds get deposited, go to the home page and select ‘TRADE’.
Step 11:
On the trading page, choose the "INR" market and select SHIB to INR pair to buy Shiba Inu crypto in India with Indian Rupee (INR) instantly.
Step 12:
At the bottom left of the page, start trading by setting the order type and order value you would like to buy.

Note:

Crypto markets are highly volatile. We request you to trade cautiously. Though Koinbazar lists only quality cryptos, we will not be responsible for your trading losses.

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