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What is SHIB

Shiba Inu (SHIB) was launched in 2020 as a memecoin in response to Dogecoin. An anonymous creator released the Ethereum-based ERC-20 token under the pseudonym "Ryoshi." Shiba Inu tokens do not support smart contracts but can be transferred from user to user.

While most cryptocurrencies have a limited supply to remain deflationary, Shiba Inu had an almost unlimited supply of 1 quadrillion tokens. Ryoshi sent half of Shiba Inu's total supply to Ethereum co-founder Vitalik Buterin, who burned around 40 percent of Shiba Inu's total supply, worth an estimated $6 billion.

Unlike Dogecoin, Shina Inu is an altcoin issued on the Ethereum blockchain, making it compatible with the largest decentralized finance (DeFi) ecosystem hosted on Ethereum. Shiba Inu is also widely considered an alternative to Dogecoin, with fervent supporters referring to Shiba Inu as the "Dogecoin killer."

Why buy SHIB with OKX?

What can I do after I buy SHIB?

Looking to enter Shiba Inu’s decentralized finance infrastructure? You’ve come to the right place. With over 30 supported fiat currencies and a range of payment methods, OKX enables you to buy SHIB in just a few clicks! The following are what you can do with your purchased SHIB tokens.

Earn profits by trading SHIB

Trade your SHIB coins on OKX to try and profit from fluctuations in their price. With our highly liquid exchange and instant order fulfillment, OKX is one of the best platforms for trading SHIB tokens. Take advantage of our trading bot and trade your SHIB tokens for profits, subject to market conditions.

Swap other assets with SHIB

Want to sell your BTC, ETH, or other assets to invest more in SHIB? Swap your pre-existing crypto assets for SHIB tokens at no cost using our " Convert" feature.

HODL SHIB for long-term gains

Cryptocurrencies often appreciate over time. You can hold your SHIB tokens in the hopes of profiting from any appreciation of their value over time. Either keep your assets in the OKX wallet or transfer them to a hardware, web, or mobile wallet.

Let your SHIB tokens grow

Put your idle SHIB tokens to good use. You can stake your SHIB tokens in our flexible and low-risk staking pools on OKX Earn to start earning interest on your SHIB investment. You can also subscribe to our savings pool to grow your SHIB balance.

Use your SHIB to pay for goods and services

In addition to investing in, trading, and holding SHIB, a growing number of businesses accept SHIB directly as payment. Check if the merchant or seller you are interacting with accepts SHIB to send your tokens directly from your OKX wallet to their compatible one.

How to buy Cryptocurrency and store it safely?

Guide on how to buy Shiba Inu (SHIB)

Use a credit or debit card to buy SHIB

The world’s leading exchange, OKX allows you to easily buy SHIB tokens with your Visa, MasterCard, or ApplePay credit card. OKX supports over 30 local currencies. Simply select your local fiat currency and use your credit or debit card to complete the purchase.

Buy SHIB from our peer-to-peer (P2P) Market

Navigate to our escrow-powered peer-to-peer trading window and purchase USDT tokens directly from trusted sellers using 40 payment methods. Then exchange your USDT tokens in the spot market for SHIB.

Convert other cryptos to SHIB

If you hold BTC, SOL, OKB, MATIC, or any of the 100+ supported cryptocurrencies in an external wallet or on another exchange, you can send it to OKX and swap it for SHIB at zero charges. All you need to do is transfer crypto to your OKX account and visit our OKX Convert page to swap the deposited asset for SHIB.

Buy SHIB in our spot trading market

Easily buy SHIB in our Spot Trading market. OKX has listed the SHIB token against USDT and USDC. If you already own those coins, you can transfer them to your OKX account to buy SHIB directly.

FAQs

Can I buy Shiba Inu using my local currency?
Yes. OKX allows you to choose from over 30 supported fiat currencies, including USD, GBP, EUR, AUD, and CAD, to buy SHIB tokens. Select your local fiat currency, enter the amount you’re willing to invest in Shiba Inu, and the tokens will be credited to your account after the payment is processed.
How can I use my credit card to buy Shiba Inu?
On our ‘Buy Crypto’ page, select a credit card as your payment method to buy Shiba Inu tokens. OKX supports Visa, MasterCard, and ApplePay credit cards.
Is Shiba Inu a risky investment?
Like all cryptocurrencies, Shiba Inu's price is also volatile and carries investment risks. Therefore, before investing in Shiba Inu, you should do your own research (DYOR) and evaluate your risk appetite.
Can I convert my existing cryptocurrencies to Shiba Inu?
Yes. Using our ‘Convert’ feature, you can quickly turn your existing ETH, BTC, or other digital assets into Shiba Inu tokens with zero fees.
How can I buy Shiba Inu with USDT?
To buy SHIB using USDT, visit our trading terminal, select the SHIB/USDT trading pair and complete your purchase.
What are the most popular cryptocurrencies to invest in today?
Top cryptos, based on market capitalization or total circulation value, include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), USD Coin (USDC), and XRP (XRP).
However, like all other cryptos, the above are also featured with volatility and risks. You should do your own research (DYOR) and evaluate your risk appetite before investing in any cryptos.
What are the top cryptocurrencies I can buy on OKX now?
OKX provides access to hundreds of cryptos and trading pairings. Some of the most popular cryptos on OKX include BTC, ETH, USDT, DOGE, SOL and OKB.

You can visit our brand-new OKX Crypto Calculator. Select a crypto and a fiat currency to check the estimated real-time price.