How to buy Shiba Inu in a Trust Wallet

Infamously known as the cryptocurrency that created millions of jackpot winners and millions of losers, Shiba Inu has been taking the cryptocurrency world by storm.

Some brilliant minds put together the cute face of a Shiba Inu and cryptocurrency, creating Dogecoin and making a massive success in 2021. Gaining more traction from comments made by Elon Musk, it is no surprise that Dogecoin and Shiba Inu became a favourite in the crypto community. It is cheaper, easier to transfer and inflationary—but it might have a more significant risk associated with investing. With market trends being unpredictable, it might even be the best investment you can make.

After a crash in Dogecoin in 2021, Ryoshi, a group or individual that created Shiba Inu, saw a gap in the market to develop a similar coin to Dogecoin—just with more possibilities. Once Dogecoin crashed in 2021, a lot of investors voiced their regret of not investing in Dogecoin, which left a gaping gap in the market for something similar.

This gap birthed the Shiba Inu coin.

Short History Lesson on Shiba Inu

If you want to start your crypto journey out with Bitcoin, BNB or Ethereum, but the price is attached to the coin is absolutely mortifying, Shiba Inu is the perfect coin to start your Bitcoin Journey with. Shiba Inu is a token with a fun mascot, based on a fun story, at only a fraction of the price of other cryptocurrencies. This means you can easily buy SHIB without feeling a pinch in your pocket.

Shiba Inu was created in August 2020 as a meme, like Dogecoin, by Ryoshi. No one really knows who Ryoshi is, it could be a singular person or a group of people, but Ryoshi made smart decisions with Shiba Inu. As an experiment of community governance, Ryoshi created this coin, or rather token, with the observation of how communities make decisions. Soon after its discovery, Shiba Inu sparked off as a favourite alternative to Dogecoin (a cryptocurrency that shares mascots with SHIB). Unlike Bitcoin and Dogecoin, SHIB is built on an Ethereum blockchain, not on its own blockchain, which makes it a versatile cryptocurrency with many functions and benefits.

Something SHIB has that Dogecoin does not have is smart contracts. This enables SHIB to be versatile, which Dogecoin is not. Basically, if Dogecoin and SHIB had to sit in a fighting ring together, Dogecoin would probably not walk out alive. Jokes aside, SHIB also offers a rewards program to the users in the ecosystem.

How to buy Shiba Inu Coin in a Trust Wallet

To buy Shiba Inu, you need to own Ethereum, another cryptocurrency, since Shiba Inu is built on Ethereum. You cannot use BNB or any other currency. To buy Ethereum, you can buy it directly from the app, the minimum quantity being $50 worth of Ethereum. Sometimes, you might not be able to buy Ethereum, your Trust Wallet is saying that the currency is unavailable, but that is because a lot of people are using the application and buying Ethereum. The best thing to do is not to give up, but to try a few more times or a little bit later.

After you have acquired the necessary amount of Ethereum, you can open your browser tab. On iOS, you need to copy and paste the URL into your Safari Application, whereas it is already available on Android. Once in the browser, you are looking for Uniswop.

In Uniswop, you can just stay on the ‘swop’ tab and search for Shiba Inu. Voila! Keep in mind you will be charged a network fee that will fluctuate based on the demand of Ethereum. The only other option available without a network fee is Crypto.com, but with the instability of the website due to the amount of traffic on it, it is not always certain whether you will be able to buy Shiba Inu or not.

Options to Buy Shiba Inu

Buying Shiba Inu depends on the fact that it is an Ethereum-based token. You are looking to utilize DEX (Decentralized Exchanges), mostly compatible with all Ethereum-based assets. It is also the easiest way to purchase Shiba Inu. The best way for you to buy SHIB is through Uniswop, a supplier of DEX. Uniswop is a trustworthy supplier because in this case, it has more than $2 billion locked up and used by investors to assure

About Trust Wallet

We have mentioned earlier that you can see Trust Wallet as your secure physical wallet where you keep all your debit and credit cards. Instead of keeping your cards, money and documents, you store your crypto assets in your Trust Wallet. With your trust wallet, you have full control over all your crypto assets from your cryptocurrencies to your NFTs (non-fungible tokens). Trust Wallet is Binance’s official crypto wallet that supports over 65 blockchains, including Bitcoin and Ethereum. It connects these blockchains by use of its nodes.

The Trust Wallet is one of the easiest ways to manage your cryptocurrencies. Be it from buying and swopping to researching your decisions. With an easy-to-use app, you can download on your phone, you can buy, swop or manage your currencies on your phone, as well as search for new currencies using the in-app browser called the DApps where you can find Uniswap, OpenSea, and PancakeSwap.

Making a Trust Wallet

Your Trust Wallet is your safe space for all your cryptocurrency. 

After the installation on your device, just agree to the terms of service and set your account up with a secure password. You will then be presented with a 12-word phrase. This phrase needs to be put on a scroll, locked up in a safe guarded by dragons and kept very securely, because, without it, you will not be able to access your wallet. No pressure! You do not necessarily have to guard the phrase with such power, but it might be a good idea to keep it safe so you can access it again in the future to gain access to your wallet.

If you lose the phrase, you lose all the coins in your wallet…frightening!

Conclusion

Shiba Inu’s utility in the real world seem like a difficult thing to grasp. Shiba Inu, like other cryptocurrencies, is not a day-to-day currency you can just buy milk or bread with. Thanks to the SHIBArmy, the large online following and supporters of SHIB, they have been able to pump traction and value into the currency. With the SHIBArmy support, the price of SHIB has grown a whopping 27 000 000% between January and October of 2021.

Luckily, Shiba Inu can be used for everyday things and not just luxuries and expensive items. You can use your Shiba Inu tokens at Gamestop to buy anything from your new PS5 or a second hand iPhone. Other stores that accept Shiba Inu as a payment option, include: Nordstrom, Whole Foods, Office Depot Petco and so many more.

Shiba Inu is still fresh on the market, but with its growing availability, it is sure to be one of the best investments to be made for a cheap alternative. Predicted to reach $0.005 in 2030, Shiba Inu might just be the most stable currency and exceptional for long-term investment growth. The community behind Shiba Inu will definitely make it worth your while.