What are Shiba Inu and SHIB?
Shiba Inu (SHIB) is a cryptocurrency that began as a memecoin inspired by the same 'doge' meme associated with Dogecoin. Since then, it has developed into the Shiba Inu ecosystem, which includes decentralized finance (DeFi) tools, non-fungible tokens (NFTs), governance and Shibarium, a Layer-2 blockchain built on Ethereum.
The Shiba Inu ecosystem also uses SHIB burns, where tokens are removed from circulation to reduce supply.
How to buy SHIB in the US
In the Crypto.com App, the basic flow is:
- Create an account and complete the required verification.
- Choose a supported US payment method or add funds.
- Tap 'Buy' and search for Shiba Inu.
- Enter the US dollar (USD) amount and tap 'Confirm'.
Trading is subject to account verification and eligibility.
Do you need to buy a whole SHIB token?
No. Cryptocurrencies are highly divisible, so you aren't required to buy a whole coin. US users can purchase fractional amounts of Shiba Inu for as little as US$1 on Crypto.com.
How can you pay for SHIB in the US?
US users can fund a SHIB purchase with USD by bank transfer, debit card, Apple Pay or Google Pay, depending on eligibility. If you already hold crypto, you can also transfer crypto to your wallet for a purchase.
Depositing USD directly by local bank transfer can help avoid foreign exchange fees when buying Shiba Inu. Other transaction fees and spread may apply.
