How To Buy Shiba Inu Coin With A Credit Card

Shiba Inu is a meme coin with a cute dog on the cover that has captured the hearts of many crypto players. An unknown developer launched it in 2020 with an incredible supply of quadrillion tokens. Sounds crazy? Yet every user in the DeFi space has bought or transacted through this at least once. Today, we will tell you how to become a Shiba Inu coin owner and how to easily buy it via a debit or credit card.

Can You Buy Shiba Inu Coin With A Credit Card?

SHIB is an Ethereum-based cryptocurrency with an emerging ecosystem. Among the standout features are NFT support and its own decentralized exchange—ShibaSwap. This coin has reached the all-time high price of $0.0000819 in 2021 after a tweet by Elon Musk, as in the case with DOGE. Currently, the price hovers around $0.00002474.

And, sure, you can buy Shiba Coin with your own debit & credit card. First, check if your bank supports cryptocurrency transactions. Many banks officially announce their stance on crypto, so confirm that crypto purchases are allowed to avoid any issues. We also recommend using Visa or MasterCard as payment systems, as they are widespread all over the world and support DeFi operations.

If you can’t acquire SHIB with a credit card, reach out to your bank’s customer support. One of the possible problems why the transaction with your credit card does not go through–the lack of crypto support from the used bank. Many issuers, like Bank of America, Capital One, Citi, and Wells Fargo, do not allow cryptocurrency purchases.

Where To Buy Shiba Inu Coin With A Credit Card?

When you have already found the suitable bank for purchasing SHIB via debit card, the next question arises about the platforms supporting such operations. Nowadays, there are numerous ways to acquire Shiba Inu, both legal and not. We have gathered the most reliable ones:

• Centralized Exchange (CEX)

Centralized platforms have always been known for their high level of trust. CEXs offer high liquidity and the ability to instantly purchase Shiba Inu with a credit card. They provide a wide range of trading tools, making the process easy for customers. Additionally, you do not have to worry about security level, as you can always enable the built-in 2FA feature.

• Crypto Wallets

Developers of some crypto wallets integrate services that allow the purchase of Shiba Inu Coin directly with credit cards. This procedure is highly convenient on a regular basis and does not take much time. The main task is to choose a reliable wallet provider that offers robust security features. A little later, we will uncover a detailed guide on how to own SHIB via debit card through the Cryptomus wallet.

• P2P Platforms

P2P platforms are part of CEX ones but deserve special mention. The main difference is that on P2P exchanges, users can conduct transactions with SHIB and any other cryptocurrency directly with each other, without intermediaries. This is very convenient, as you negotiate transaction fees and times directly with the merchant. You can also choose the region and a preferred bank as a payment method, that is especially handy for fiat purchases.

To purchase Shiba Inu through the Cryptomus P2P exchange, you should follow these steps: register on the platform and pass KYC to unlock full functionality. Then, go to the homepage and create a trading list: select SHIB as the desired currency and add the amount. Use filters to choose the payment method and region. The site algorithms will select the most suitable variants. Choose the best option from the suggestions and send a trading request to the merchant. When he agrees, discuss the details and make the deal.

We have reviewed the top 3 legal ways to buy SHIB, where personal information and verification are required. However, there are also other methods.

How To Buy Shiba Inu Coin With A Credit Card Anonymously?

If you prefer not to go through registration, KYC, and other formalities, the following options are for you. However, a disclaimer: we strongly recommend completing verification to avoid fraud and enabling additional security features to protect your SHIB assets from hackers.

• Decentralized Exchanges (DEX)

The first option where you can buy Shiba Inu Coin without verification is DEX, as they do not require account creation and facilitate crypto exchanges through smart contracts. However, you will have to fiddle with the choice of platform, as not all of them support transactions via debit cards.

• Telegram Bots

The riskiest yet simplest way to purchase SHIB is through Telegram bots. With this method you can buy coins directly in the chat. All you need to do is leave your email, send a purchase command, and follow the instructions.

Now you know all the ways to buy Shiba Inu, but do not rush to get the card for payment—there are some important nuances to consider.

Things To Consider When Buying Shiba Inu Coin With A Credit Card

To save time and money, consider these factors when purchasing SHIB. These metrics can be confused as they change quickly and frequently. However, we advise you to double-check them before making a transaction, as the crypto world is highly volatile.

• Fees

The first thing to pay attention to is commissions. They can be different: network or platform’s ones. The cheapest option to buy is a P2P platform, as you can negotiate fees directly with the seller. The most expensive is CEX, as fees are often increased due to high demand.

• Transaction Time

Purchasing Shiba Inu is fairly quick— it ranges from a few minutes to several hours. However, P2P is one of the most time-consuming options, as the transaction time depends on how quickly the merchant responds. There may also be delays on DEX platforms due to network congestion. The fastest option is in-built wallet purchases.

• Limits

Some exchanges impose minimum and maximum limits on SHIB purchases. This is especially common for new accounts. The usual limit is $50,000 per day, but you can submit a request for an increase over time.

Now you know everything about buying Shiba Inu Coin with a debit card. However, to help you reach the goal easily, we have prepared a detailed guide.

A Step-By-Step Guide To Buy Shiba Inu Coin With A Credit Card

Purchasing SHIB is a simple and secure process, but it is especially beneficial when you have a detailed guide. This process describes the purchase of Shiba Inu just through your Cryptomus crypto wallet.

• Step 1. Create an account on Cryptomus if you have not yet. You can do this with an existing Telegram or Google account.

• Step 2. Pay attention to making up a strong password with a mix of uppercase and lowercase letters, numbers, and symbols. For data protection, enable 2FA through the settings in your personal account.

• Step 3. Pass the KYC (Know Your Customer) procedure. Follow the steps below:

1. Click on the account icon located in the upper right corner.

2.Open the personal settings.

3. On the third line you will see the "KYC Verification" button—click on it. Now for confirmation you need to take a passport photo and upload it, then take a selfie. The verification process takes about 2 minutes.

• Step 4. Now, full functionality of the platform is available to you. Click on the "Personal" button above. Then select "Receive".

• Step 5. You need to choose SHIB as the desired cryptocurrency to buy and select the appropriate network. Choose "Fiat" since you are buying with a debit card.

• Step 6. Click on "Receive via Mercuryo" and enter the amount you want to spend. The site algorithms will automatically calculate the sum in SHIB.

• Step 7. Enter your email where the verification code will be sent. Later, enter your card data.

Congratulations! You are now the proud owner of Shiba Inu Coin, so you can store it in your Cryptomus crypto wallet.

Was your purchase successful with the guide? Write in the comments.