Before We Begin: What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a decentralized cryptocurrency that was created in 2020 by an anonymous developer or group of developers. It’s designed to be a fun and accessible way for people to enter the world of cryptocurrencies, with low transaction fees and fast confirmation times. SHIB is currently the 14th largest cryptocurrency by market capitalization, with a total value of over $35 billion as of August 2021.
Creating an Account on Crypto.com
The first step in buying Shiba Inu (SHIB) on Crypto.com is to create an account. To do this, go to the Crypto.com website and click on the “Sign Up” button. From there, you’ll be prompted to enter your personal information, including your name, email address, and phone number. You’ll also need to create a strong password and verify your phone number by entering a verification code that will be sent to your phone.
Once you’ve created an account, log in and verify your email address. Crypto.com requires all users to verify their email addresses before they can start trading cryptocurrencies. To do this, click on the “Verify Email” button and follow the instructions.
Adding Funds to Your Account
Before you can buy Shiba Inu (SHIB) on Crypto.com, you’ll need to add funds to your account. Crypto.com supports a wide range of payment methods, including credit/debit cards, bank transfers, and cryptocurrencies. To add funds, click on the “Deposit” button in the top right corner of the screen and select the payment method that you prefer.
For example, if you want to add funds using a credit/debit card, you’ll need to enter your card details and confirm the amount that you want to deposit. Crypto.com will then process your deposit and add the funds to your account balance.
Buying Shiba Inu (SHIB) on Crypto.com
Now that you’ve added funds to your account, it’s time to buy Shiba Inu (SHIB). To do this, click on the “Trade” button in the top right corner of the screen and select the “Buy” option. From there, you’ll be able to choose the cryptocurrency that you want to buy (in this case, SHIB) and the amount that you want to trade.
Crypto.com uses a simple and intuitive trading interface that makes it easy to place trades. You can set your preferred price for SHIB, and Crypto.com will automatically execute the trade when the price reaches that level. Alternatively, you can set a “limit” order, which will only be executed if the price of SHIB reaches or falls below the specified amount.
It’s important to note that when buying Shiba Inu (SHIB) on Crypto.com, you’ll need to pay transaction fees.
