Are you ready to jump into the world of cryptocurrencies and join the hype surrounding Shiba Inu (SHIB)? Brace yourself because I’m about to reveal the ultimate guide on how to buy Shiba Inu in Canada!
Shiba Inu has recently taken the crypto world by storm, skyrocketing over 300%. Despite being a meme coin with limited utility, traders are flocking to it like bees to honey, causing its prices to shoot up to astronomical heights.
If you’re in Canada and itching to get some Shiba Inu coins, this is the blog post you’ve been waiting for. We’ll guide you through the entire process, ensuring you feel confident and empowered to dive into the crypto market. We will also provide you with the best crypto exchanges in Canada where you can buy Shiba Inu.
So, if you’re excited to learn how to buy Shiba Inu in Canada and embark on an exhilarating adventure into the realm of cryptocurrencies, grab a cup of coffee, sit back, and let’s get started!
How To Buy Shiba Inu Coin in Canada
As the popularity of cryptocurrency continues to grow, more people are trying to figure out how to get in on the action. There are two ways to purchase Bitcoin and other cryptocurrencies. One is through a cryptocurrency exchange platform, and the other is through a cryptocurrency broker.
Here’s a step-by-step guide to buying Shiba Inu Coin through a cryptocurrency exchange platform:
1. Account Creation
Begin by signing up for an account on the chosen cryptocurrency exchange. During this process, you’ll be required to verify your email address and provide identity verification. Be prepared with a valid photo ID and your mobile phone.
2. Making a Deposit
After successfully verifying your account, you can proceed to deposit Canadian Dollars (CAD) using your preferred payment method. Cryptocurrency, bank transfers, and card payments are widely accepted options.
3. Purchasing Shiba Inu
With your CAD deposited, you can now exchange it for Shiba Inu tokens. On beginner-friendly platforms, this can be as straightforward as entering the desired amount of CAD or Shiba Inu (SHIB) you wish to purchase and clicking the “buy” button. If you prefer added security, you can withdraw your Shiba Inu tokens to a personal cryptocurrency wallet.
Where to Buy Shiba Inu Coin in Canada
Navigating where to purchase Shiba Inu Coin in Canada can be a tad perplexing, particularly for newcomers. The cryptocurrency market offers numerous choices, and it’s undeniable that Shiba Inu Coin is poised for substantial growth in the future.
To simplify your quest, here are the top exchange platforms for acquiring Shiba Inu in Canada:
1. NDAX
- Coins: Shiba Inu, BTC, ETH, USDT, UNI, FTM, USDC, and many more.
- Trading fee: 0.20 % for fiat deposits; $25 CAD for fiat withdrawals.
- Funding options: Crypto deposits, Interac e-Transfer, bank draft, and wire transfer.
- Offer: Your first deposit of $100 gets you a $10 bonus.
NDAX is your Canadian-owned and operated digital currency exchange, catering to the needs of Canadian residents looking to buy, sell, and trade various cryptocurrency pairs. NDAX offers a comprehensive suite of services, including a user-friendly trading platform, secure online wallets, and convenient payment solutions, all tailored to meet the diverse needs of cryptocurrency enthusiasts.
NDAX takes pride in providing the lowest transaction fees in Canada, ensuring that you can engage in cryptocurrency trading without concerns about excessive costs. You have the flexibility to buy, sell, or trade cryptocurrencies at any time of the day, maximizing your convenience.
Designed to accommodate both beginners and experienced traders, NDAX features an intuitive interface that simplifies the process of buying and selling cryptocurrencies, making it accessible to everyone.
NDAX is committed to creating a comfortable space for all users, especially first-time ones. It’s a platform where individuals of all experience levels can confidently participate in cryptocurrency transactions.
2. Wealthsimple Crypto
- Coins: SHIB, ADA,1INCH, FIL, BAL, FTM, BAT, COMP, and many more.
- Trading fee: You can deposit and withdraw for free with a spread of up to 1.50%.
- Funding options: Funds transfer via electronic means.
- Offer: Invest $150 in cryptocurrency on the site, and you’ll get a $50 bonus.
Wealthsimple Crypto, created by Wealthsimple, one of Canada’s leading online investment management firms, offers you the opportunity to invest in a diverse range of up to 30 cryptocurrencies, all within a single, secure online platform. Your funds are always within your control and well-protected.
With the Wealthsimple Crypto platform, you can effortlessly and swiftly buy, sell, store, and learn about cryptocurrencies. Now, you can easily and securely invest in a diversified portfolio of high-potential cryptocurrencies. The only requirement is to sign up for an account with Wealthsimple first.
Using the Wealthsimple app, you can conveniently purchase, sell, or hold major cryptocurrencies. This process is quick and straightforward, taking just a minute of your time. As a bonus, you’ll receive a personalized Shiba Inu Coin, functioning as a collectable keychain upon signing up.
Read our Wealthsimple Crypto Review for more details.
3. Newton
- Coins: DOGE, SHIB, ETH, OMG, LUNA, BTC, FTM, EOS, and many more.
- Trading fee: Deposits and withdrawals are free; price spread as much as 0.70%.
- Funding options: Cryptocurrency and Interac e-Transfer.
- Offer: Your first $100 trade will earn you a $25 bonus.
Newton is designed to revolutionise your cryptocurrency buying and selling experience. Our user-friendly interface ensures that trading crypto is not only straightforward but also enjoyable and lightning-fast.
What sets us apart in Canada is our commitment to eliminating waiting periods for fiat transfers and removing transaction frequency limits, providing you with unmatched flexibility.
Newton takes the guesswork out of executing orders by helping you make informed decisions about the best times to buy or sell, ensuring you get the most value for your investment.
Whether you’re on your smartphone or laptop, you can effortlessly buy, sell, and manage cryptocurrencies using Newton. It’s all at your fingertips.
With a single account, you gain access to an array of cryptocurrencies, including Bitcoin, SHIB, and many others, all traded on our exchange without any hidden fees.
Read our Newton Review for more details.
4. CoinSmart
- Coins: SHIB, ETH, BTC, DOGE, DOT, LINK, USDC, LTC, UNI, EOS, and many more.
- Trading fee: Deposit and withdrawal fees vary between 0.20 and 0.30 percent.
- Funding options: Crypto, Interac e-Transfer, debit card, bank wire, credit card.
- Offer: Upon depositing the first $100, you will receive a bonus of $20.
CoinSmart is a European and Canadian-based multi-cryptocurrency exchange offering support for various coins, including Shiba Inu and 13 others.
Our platform is designed to be simple, secure, and convenient, enabling you to buy and sell the cryptocurrency of your choice effortlessly. Unlike other exchanges, CoinSmart offers a unified platform for trading multiple cryptocurrencies.
Our mission at CoinSmart is to provide you with a robust trading platform that simplifies the complexities of the market, ensuring a straightforward user experience. We prioritize security and transparency, ensuring all customers know the transaction costs.
Furthermore, we pride ourselves on our 24/7 omnichannel customer support team, dedicated to promptly addressing your inquiries and meeting your needs.
Read our CoinSmart Review for more details.
5. Crypto.com
- Coins: Shiba Inu and over 150+ other coins.
- Trading fee: Up to 0.40%. Although it varies according to the account level.
- Funding options: Crypto credit cards, Cryptos, or bank transfer.
- Offer: Staking a Crypto.com Visa card will earn you a $25 bonus.
Crypto.com is a leading player in the world of cryptocurrency and blockchain. Our goal is to provide a trustworthy and uncomplicated method for purchasing digital currencies.
Our dedicated team is working diligently to create a platform that simplifies the process of buying, selling, and using cryptocurrencies. With Crypto.com, you can effortlessly purchase, sell, and securely store your digital assets.
We also offer the convenience of depositing and withdrawing funds through your bank account or credit card, similar to a traditional online brokerage account.
Whether you’re a seasoned cryptocurrency trader or just starting out, Crypto.com has designed its user-friendly platform to cater to your needs.
Read our Crypto.com Review for more details.
6. Binance
- Coins: DOGE, SHIB, ETH, BTC, and over 300 coins.
- Trading fee: This varies according to your account tier.
- Funding options: Credit card, crypto deposits, and debit card.
- Offer: Discounts on trading commissions of up to 25% are available.
Binance is a worldwide cryptocurrency exchange where you can easily trade traditional money for cryptocurrencies, including Shiba Inu. Their platform is accessible on various devices like PCs, iOS, and Android, enabling you to trade while on the move.
When it comes to your security and the protection of your assets, Binance places a high priority on both. You can conveniently fund your account through wire transfers, credit cards, or other cryptocurrencies, allowing you to send your desired cryptocurrency directly to the seller’s account. Plus, loyal users receive bonuses based on their trading volume.
RELATED: Is Binance Legal in Canada? 3 Alternatives in Canada (2024)
7. Coinbase
- Coins: There are over 60 coins, including Shiba Inu tokens.
- Trading fee: A trading fee of up to 0.50% and a deposit/withdrawal fee of 3.99%.
- Funding options: Crypto, bank wire, and debit card.
- Offer: After you buy $100 worth of crypto, you’ll get $10 USD as a bonus.
If you’re interested in getting started with cryptocurrency trading without dealing with a complex platform, Coinbase is an excellent choice.
Coinbase is a secure online platform designed for buying, selling, transferring, and securely storing digital currencies. It operates primarily in the United States and has gained significant popularity over the years.
What sets Coinbase apart is its reputation as one of the most established and user-friendly cryptocurrency exchange services. It offers insurance through trusted partners like FDIC, providing added security for your investments.
With over 60 million users worldwide, Coinbase is a widely used platform for buying and selling various cryptocurrencies, including Bitcoin. One of its standout features is the ease with which you can convert your regular currency into cryptocurrency using a credit or debit card, all while enjoying competitive exchange rates.
Read our Coinbase Review for more details.
What is Shiba Inu?
Shiba Inu is not a dog from Japan; it’s a rapidly growing cryptocurrency. However, cryptocurrencies like Bitcoin, Ethereum, and Litecoin were named after the Shiba Inu dog breed, which hails from Japan. Shiba Inu cryptocurrency was created in August 2020 and owes its success to the public’s fondness for these dogs.
You can use Shiba Inu cryptocurrency to buy and sell on exchanges that accept it. Its value is subject to fluctuations influenced by factors such as market supply and demand. Shiba Inu operates as a meme-based cryptocurrency running on the Proof of Stake (PoS) blockchain. Like Dogecoin, it’s easy and quick to mine Shiba Inu with just a coin flip.
Is Shiba Inu A Good Investment?
If you’re considering investing in cryptocurrencies, the Shiba Inu coin is worth your attention. It has gained immense popularity and is currently one of the hottest cryptocurrencies on the market. But why should you consider investing in Shiba Inu coin, especially if you’re in Canada?
Shiba Inu coin stands out as one of the most exciting tokens available today, and it possesses many of the characteristics that make a cryptocurrency successful. It was created by enthusiasts of the Shiba Inu dog breed, as a way to celebrate and have fun with an alternative cryptocurrency.
You can easily acquire SHIBA by using an exchange that supports various currencies, including Bitcoin. This means you can use Bitcoin if you already have some. Moreover, it’s important to note that these commemorative Shiba Inu coins are limited in quantity, adding an element of exclusivity to your investment.
Shiba Inu coin offers several unique features, including fast transaction times, making it a promising digital currency for the future. So, if you’re looking for an exciting and potentially rewarding cryptocurrency investment, Shiba Inu is definitely worth considering.
Final Thoughts on How to Buy Shiba Inu in Canada
Buying Shiba Inu in Canada is an exciting opportunity for crypto enthusiasts like me. By following the steps outlined in this guide, you can confidently navigate the process and start your journey into the world of Shiba Inu coin investment.
Take advantage of this thrilling chance to participate in the crypto revolution. Get started today and take your first step towards owning Shiba Inu in Canada!
