Learn How To Buy Shiba Inu Coin in Trust Wallet

Shiba Inu coin is another and often describe as Dogecoin Killer. Dogecoin is one of the popular meme coins, but later Shiba Inu coins, emerge as his competitor. However, if you’re looking to Buy Shiba Inu Coin in Trust Wallet this blog will guide you throughout the process.

Please note that you cannot buy Shiba Inu Coin directly, you need to buy Ethereum and swap it for Shiba Inu Coin.

This is because Shiba Inu Coin doesn’t have its own blockchain, rather it is using Ethereum Blockchain.

So to buy Shiba Inu Coin, you should have Ethereum First.

Short Answer:

How to Buy Shiba Inu Coin in Trust Wallet – To buy Shiba Inu, you should have Ethereum, as you can’t buy it directly. Then, in Trust Wallet tap on DEX Tab, in First Option Choose Ethereum, and in the Second option choose Shiba Inu, then tap on Swap. Read the fees they are charging, if you find it fine, click on the Confirm Button, and you will get Shiba Inu coin on Trust Wallet in a few minutes.

Now, a long answer…

What is Shiba Inu Coin?

Shiba Inu Coin is a Meme Coin, this type of Cryptocurrencies gets popular due to the hype of Internet Memes, Trends, or Movements.

In many cases, people actually don’t know the fundamentals of the coin, their fees, or the regulations they have. They buy because of short-term profit, that’s why I suggest you first research on your own, about any coin before buying it.

Shiba Inu Coin was launched in 2013, however at that time it wasn’t popular and many people weren’t investing in it, as I said the meme coin get popular from the Internet.

Later on 4 February, Elon Musk tweeted this.

This tweet was about another meme coin – Dogecoin.

Because of this other meme coins like Shiba Inu, also grabbed the attention of Investors.

As of now in the world of Cryptocurrencies, the top 100 Meme Coin combined has a market cap of 33 Billion Dollars, Shiba Inu is one of them.

To Learn the Details For How to Buy Shiba Inu Coin in Trust Wallet?

Buying Shiba Inu Coin is an easy process that doesn’t require much hustle-bustle, and you directly see it in your Trust Wallet.

However, before buying Shiba Inu from Trust Wallet, you should complete the following requirements –

1. You Should Have Trust Wallet
2. In Your Trust Wallet, You Should Have Ethereum.

If you don’t have Ethereum in your Trust Wallet, you can buy it directly from the Trust Wallet.

You Can Follow the Steps to Buy Ethereum and Swap it with Shiba Inu to Ultimately Buy Shiba Inu on Trust Wallet.

Step-1: Open Trust Wallet App, in Wallet Tab, you’ll see the list of cryptocurrencies, from that list, find Ethereum and click on it. 

Step-2: You’ll see the blue button of Buy Ethereum, Click on enter the Amount.

Step-3: Click Next, and Complete Your Payment.

In Few Minutes, you will get Ethereum in your Trust Wallet, if your payment was successful. After getting Ethereum, you can buy Shiba Inu Coin in your Trust Wallet.

Step-4: Then Click on the DEX Tab, which is the Third Tab.

Step-5: Here choose Ethereum in the first option and Shiba Inu in the second option.  

Step-6: Now, enter the amount and click on Swap.

Step-7: You can read here the transaction fees, slippage charges, etc. Once you’ve read and agreed with it, you can click on the Confirm Button to buy Shiba Inu Coin. 

If it shows transaction successful, wait for a few minutes and Shiba Inu Coin will reflect in your Trust Wallet.

To Learn How to Sell/Withdraw Shiba Inu Coin on Trust Wallet?

Selling Shiba Inu won’t give you direct cash in any Fiat Currency.

Again, if you want to sell it, you have to exchange it with any other popular cryptocurrency like Ethereum, Binance etc.

Then to get the cash you have to liquidate Ethereum and Binance Coin also.

This is easy by the way, you just have to swap Binance Coin or BNB from Pan Cake Swap.

Then, in your Binance account, you can sell it and liquidate it in your Fiat Currency from your Bank Account.

In the recent past, we have talked about this, you can go here to know in detail – How to Sell Safemoon on Trust Wallet

FAQs

Is it Good to Invest in Meme Coin?

Meme Coin can be a good investment in the short term. But in the long term, Meme Coin Future depends on the Internet Community, who have invested in it.

But overall, you should not buy any cryptocurrencies based on internet hype. Because the coin has weak fundamentals, then in short term, it can be profit-making. But in long term, you have to bear the loss.

Study the fundamentals of the cryptocurrency before investing in it, however, the Meme coin is good for experimentation.

Which is the Best Wallet for Shiba Inu?

Any wallet can be good to store Shiba Inu, the only condition is it should be safe and has fewer fees and charges. When it comes to safety, hardware wallets are best, since they aren’t online they can’t be hacked.

Ellipal Titan is a hardware wallet, which is Ethereum Compatible, it is good to store cryptocurrencies based on Ethereum Blockchain, such as Shiba Inu.

Yes, you can buy from the Coinbase app, as the Shiba Inu coin is listed there. However, you still have to Ethereum first and then, you have to Swap it with Shiba Inu.

That’s it for today’s article, I hope you find it informative…

Thanks For Reading!

See Also…

Learn How to Mine Ethereum on PC in 2022?(Opens in a new browser tab)

All You Need To Know To Create Your Own Cryptocurrency For Free(Opens in a new browser tab)