How to Buy Shiba Inu (SHIB) - A Step-by-Step Guide

Shiba Inu was founded by an anonymous person going by the name Ryoshi last year, and the coin’s website refers to it as “a decentralized meme token that evolved into a vibrant ecosystem.” Starting with a supply of 1 quadrillion, 50% was locked in Uniswap, then “burned” the other half to Ethereum co-founder Vitalik Buterin for safekeeping.

SHIB appears to have been made in the vein of other meme coins, such as Dogecoin. SHIBA has grown by approximately 8,000% in the past year with its popularity soaring this week after Elon Musk​​ tweeted a photo of the newest member in his family, a pet, Floki, a Shiba Inu puppy, sitting on a Tesla

1. Sign up or create an account: Get instantly verified with Ndax's streamlined verification process.
2. Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer, or a Bank Draft.
3. Invest in SHIB: SHIB is highly divisible, so you can buy small amounts to get started. Trade CAD to SHIB with as little as $1 and with low trading fees of 0.2%.

After investing in Shiba Inu, the next step is to store your Shiba Inu in a secure cryptocurrency wallet. Depending on your own needs, investment amount, and preferences, you can keep your Shiba Inu on a trading platform, a physical hardware wallet, or a software wallet.

You are free to transfer your Shiba Inu to a private wallet from Ndax. However, if you decide to store your Shiba Inu in your Ndax wallet, we have all the security measures in place to keep your Shiba Inu safe and secure.

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• Pay for Goods and Services: Online stores, merchants, restaurants, and retail environments continue to adopt SHIB and other cryptocurrencies as a means of payment.
• Invest and Trade: On our trading platform, SHIB can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth and profits.
• Use as a Store of Value: Investors are using SHIB as a store of value.

• We take the fear out of trading: Ndax’s security standards are among the highest in the Canadian FinTech industry. Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies. Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
• Grow your portfolio with Ndax’s recurring purchase feature: Set Shiba Inu recurring purchases to automatically buy SHIB to CAD each day, week, or month. Set regular purchases as low as $10.

Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device.

Download Ndax mobile app:

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The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

• Limit Order: Buy or sell orders executed at a specific price.
• Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
• Trailing stop market order: An order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid, or ask.
• Trailing stop limit order: Limit buy or sell orders triggered once a cryptocurrency touches a trailing amount set by the user.
• Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be canceled entirely.
• Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
• Reserve order (Iceberg Order): A large trade is divided into multiple limit orders. The orders are split into visible and concealed amounts.

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Start trading on Ndax today. Experience seamless transactions, top-notch security, and unparalleled support.

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