Shiba Inu is a popular meme coin, which was launched in 2013. In 2021, its price got sky-rocketed, due to Elon Musk’s tweet about the Meme coin. Later on, as its popularity goes declined. But you can invest in that coin, if you are expecting good returns, this blog is about How to Buy Shiba Inu in India – CoinDCX.
You can invest in Shiba Inu from other apps also, but CoinDCX is a good app, with easy to understanding interface.
Table of Contents
To Learn How to Buy Shiba Inu?
There are many apps that can help you buy SHIB, but here we will choose CoinDCX.
Some of the alternates of CoinDCX –
- Binance
- Trust Wallet
- Coinbase
- WazirX
Here is the step-by-step guide on How to Buy Shiba Inu in India –
1. Create CoinDCX Account
The first step is to download CoinDCX from the play store or app store. After that you have to create an account there, it is an easy sign-up procedure, but you’ll need the following information –
- Aadhar Card
- PAN Card
- Phone Number and Email Address.
So, collect this document and start the sign-up procedure.
2. Add Bank Account
Now, you have to add your bank account here in order to trade in cryptocurrency
To do this you can click on Add Funds or Go to Accounts Tab > Account Settings, then you can add your bank details there.
In order to add bank details, you need the following information –
- Bank Account Number
- IFSC Code
You can find this information in Bank App, or in Bank’s Pass Book.
3. Add Funds to Buy Shiba Inu
After adding bank details, either you can directly add funds, or if you skipped that, you can go Account Tab > Add Funds > Choose the Payment Method > Complete the Payment.
After doing this you can freely invest in any cryptocurrency listed in CoinDCX App.
4. Search Shiba Inu in Price Tab & Tap on Buy
Go to Price Tab and Search For Shiba Inu, tap on it and click on Buy.
Enter the Amount, and tap on buy, that’s it!
Once the transaction is successful, you will see Shiba Inu in My Investments.
If you want to buy it from Trust Wallet, You can Check out this post – Learn How To Buy Shiba Inu Coin in Trust Wallet
That’s how you can buy the coin, by using this method you can invest in several different coins.
But keep in mind, don’t invest in any cryptocurrencies because of trends, when the trend dies that currency will also die, research before investing.
That’s it for today’s article, Good Luck!
“We don’t have to be Smarter that the Rest. We have to be Disciplined than the Rest.”
– Warren Buffett
