Buy Shiba Inu (SHIB) UK

If you’re looking to buy Shiba Inu in UK, you can trade it on binance against other cryptocurrencies. But you might want to buy Bitcoin first which can be use to exchange for SHIB.

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Shiba Inu (SHIB) Price in UK

Current Price: £   24hr: %

What is Shiba Inu?

Shiba Inu is a meme coin that wants to compete with Dogecoin. In terms of uniqueness, there is very little that differenciates it from Dogecoin. Except, SHIB is an ERC-20 token on the Ethereum network. Initially, 1 quadrillion tokens were created. Half of it was sent to uniswap for liquidity and the other half was sent to Ethereum co-founder Vitalik Buterin.

Buy SHIB with GBP in UK

If you’re looking to trade SHIB on Binance, the first step is to acquire some Bitcoin. If you already have Bitcoin, head on to Step 2.

Step 1: Buy Bitcoin

You may wish to trade Bitcoin for Shib on another exchange. This is also a great option if you’re looking to buy other cryptocurrencies, as having Bitcoin makes trading on exchanges easy. In this guide, we will use Binance exchange. Note that you can achieve the same result in an easier manner by depositing GBP to Binance, in accordance with Option 2.

This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:

  • Binance (recommended; buy with £GBP or €EUR)
  • (recommended; buy with £GBP)
    • Sign up for an account and buy BTC straight away with your debit or credit card, or bank transfer.
  • Local Bitcoins (buy with £GBP)
    • Buy BTC from other Brits using bank transfer.
  • Coinbase (buy with EUR)

or, click here for a detailed guide on buying BTC in the UK

Waiting for a bank transfer or verification? Get a head-start by signing up for your Binance account while you wait…

Step 2: BTC -> SHIB

Now, we will use Binance (the most popular crypto exchange) to buy Shiba Inu with Bitcoin…

  1. Register for a Binance account here
  2. Deposit Bitcoin to your account (your Binance Bitcoin wallet) by heading to Funds -> Deposits in the top menu
    1. Select BTC from the drop-down menu, and copy your BTC Deposit Address

    2. Send your Bitcoin to this address.
      i.e. if you purchased BTC from CEX.IO, use their ‘withdraw’ page to send BTC to your Binance BTC wallet.
  3. Once Bitcoin has reached your Binance wallet, head to Exchange -> Basic via the top navigation bar.
  4. Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
    1. Type SHIB in the search bar
    2. Click the SHIB/USDT link to reach the market page
  5. Using the Buy SHIB panel, set your Buy parameters, and click the green buy SHIB button
    1. This places an order, which can be monitored via the Orders tab in the top navigation bar, or directly below the Buy box in the Open Orders pane
    2. When your order is filled, the exchange is complete, and your SHIB will appear in your SHIB wallet under the Funds -> Balances page