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How to buy Shiba INU (SHIB) Coin in India in 2021? - A Complete Guide
Are you searching for the best exchange to buy Shiba INU or SHIB coin in India? Then, you have landed at the right place. We have covered all those things here. By using this guide, you can easily buy SHIB tokens in India. Before we get into this, let's see what is Shiba INU? and why traders are looking towards it?.
What is Shiba INU (or) SHIB coin?
As per the official website of Shiba INU token, SHIB is an experiment in decentralized community building. The SHIB token creators have developed this which is inspired by the famous cryptocurrency called Dogecoin. As of now, the Shiba Inu token is getting famous among the traders and also they are hoping to invest in it. Most of the communities called SHIB "The Dogecoin Killer". This company is planning to start an exchange called "ShibaSwap" which is like Uniswap and Pancakeswap in the future.
Why is SHIB token so popular in the crypto world?
After the dogecoin surge, Shiba INU also surged to create new highs. The price of this cryptocurrency has gone from $0.00001834 to $0.00003880 within 24 hours on 11th May 2021.
How to Buy Shiba INU Coin in India?
There are many ways to buy SHIBA in India, as of now you can this in INR and also with USDT. I would recommend "Koinbazar", India's leading cryptocurrency exchange where you can buy, sell, and trade cryptocurrencies instantly at a low transaction fee. Here's a procedure to buy Shiba Inu coin in India from Koinbazar.
Buy Shiba Inu in Indian Rupee Pair (INR) on Koinbazar Exchange:
If you are already a registered user, choose 'SIGN IN' at the top right corner of the website to log into your account. if you are a new user, click 'SIGN UP' in the top-right corner to register your account.
After you sign into the account, choose "MY ACCOUNT" at the right top of the list.
Choose KYC verification under MY ACCOUNT.
Update the KYC authentication section requested details and identity certificates and then click 'SAVE'.
Choose 'BANK DETAILS' and update your required information. Click "SUBMIT" then.
Go to ‘Assets’ and select ‘Deposit’.
Transfer your required funds to be deposited in either crypto (or) fiat.
Choose 'Manual Deposit' and update the account information in the required pages, as needed And also instant INR deposit options available. Your transferred amount will be credited to your wallet after a check by the administrator.
Now, go to the home page, select ‘TRADE’.
On the trading page, choose ‘SELECT INR MARKET’ and select pair to buy SHIB to INR Shiba coin in India with INR directly.
At the bottom left of the page, start trading by setting the order type and order value you would like to buy.