How to Buy ShibaDoge (SHIBDOGE)?

by Feb 19, 2023NFTS Metaverse0 comments

It can only happen if the community pulls together for the greater interest of all humanity. ShibaDoge fundamental objective is to unite the communities behind Shiba Inu and Dogecoin eventually. The aggregate market capitalization of both currencies is presently more significant than USD 40 billion, representing more than 5 million token holders.

“Two kingdoms, one purpose: To watch the evolution of currency emerge from government-controlled monopolies and give back the authority to the people.

There is one issue…

In the short term, we aim to combine 1% of that audience, generating value for 50,000+ holders and $400 million in value. Focusing on the first one percent can bring more individuals together as the community embraces it.

ShibaDoge became tradable for the first time on December 27th, 2021. It has an infinite supply of unknowns. ShibaDoge currently has a market capitalization of USD $unknown. SHIBDOGE’s current price is $9.28e-17, it is ranked 3539 on Coinmarketcap and has recently increased by 37.35 percent at the time of writing.

ShibaDoge has been listed on various cryptocurrency exchanges, but unlike other major cryptocurrencies, it cannot be purchased directly with fiat money. But, you may still simply buy this currency by purchasing Ethereum from any fiat-to-crypto exchange and then transferring to a business that trades this coin. In this tutorial post, we will walk you through the procedures to purchase SHIBDOGE in detail.

Step 1: Sign up for the Fiat-to-Crypto Exchange.

First, you must purchase one of the major cryptocurrencies, Ethereum (ETH). In this post, we will go in-depth through two of the most popular fiat-to-crypto exchanges, Uphold.com and Coinbase. Each exchange has fee policies and features, which we shall review in depth. You should test both of them and choose which one best suits you.

ShibaDoge

Step 2: Purchase ETH with fiat currency.

Once you’ve completed the KYC procedure, you will be prompted to provide a payment method. You may submit a credit/debit card or use a bank transfer here.

Once you’ve completed the KYC procedure, you will be prompted to provide a payment method. You may submit a credit/debit card or use a bank transfer here. You may be charged more significant costs based on your credit card provider and the unpredictable nature of card charges, but you will also make a quick transaction. While a bank transfer is less expensive but takes longer, depending on where you live, certain nations provide fast cash deposits with low costs.

Now that you’re ready, on the ‘Transact’ screen, under the ‘From’ area, choose your fiat money, and then choose Ethereum under the ‘To’ field, click preview to verify your transaction, and then click confirm if everything appears fine… and congratulations! You have just made your first cryptocurrency purchase.

Step 3: Send ETH to a cryptocurrency exchange.

But, because ShibaDoge is an altcoin, we must move ours to an exchange where SHIBDOGE may be exchanged. The exchanges listed below provide ShibaDoge trading in multiple market pairings; visit their websites to sign up for an account.

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After that, you’ll need to deposit ETH to the UpHold exchange. You may purchase ShibaDoge from the exchange view when your deposit has been verified.

Apart from the exchange(s) mentioned above, there are a few major crypto exchanges with high daily trading volumes and a large user base.

MXC

MXC is a controlled cryptocurrency exchange registered in Seychelles that was founded in April 2018. It accepts deposits in CNY, VND, USD, GBP, EUR, and AUD and withdrawals in CNY and VND. American investors may be able to trade at MXC. It accepts 242 coins and has 374 trading pairings. According to Coingecko, they are now ranked seventh in terms of the most supported cryptocurrencies compared to other spot trading exchanges. Most significantly, MXC is at the forefront of the Decentralised Finance (DeFi) wave, introducing support for DeFi currencies regularly.

Gate.io

Gate.io is a cryptocurrency exchange founded in the United States in 2017. Because the exchange is American, US investors can trade here, and we encourage US traders to join. The conversation is available in both English and Chinese (the latter being very helpful for Chinese investors). The variety of trading pairs offered by Gate.io is its key selling point. The majority of the new cryptocurrencies may be found here. Gate.io has a unique trade volume as well. It is generally always one of the top 20 exchanges in terms of trade volume. On a daily basis, the trade volume is around USD 100 million.

Conclusion

If you intend to keep(“hodl,” as some may say, basically misspelled “hold,” which has become popular over time) your ShibaDoge for an extended period of time, you may want to investigate ways to keep it safe. Although Binance is one of the safest cryptocurrency exchanges, there have been hacking incidents, and funds have been lost. Because of the nature of exchange wallets, they will constantly be online. (or “Hot Wallets,” as we call them), exposing some features of vulnerabilities. To date, the safest option to store your coins is to use “Cold Wallets,” which only have access to the blockchain (or simply “go online”) when you transfer out payments, lowering the risks of hacking occurrences.

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A paper wallet is a free cold wallet; it is essentially an offline-generated pair of public and private addresses you will write down and keep safe. Unfortunately, it is not long-lasting and is vulnerable to various risks.

In this case, a hardware wallet is unquestionably superior to a cold wallet. These are often USB-enabled gadgets that keep your wallet’s important information more durably. They are designed with military-level security in mind, and their producers continually update their firmware, making them incredibly safe. The most popular solutions in this category are the Ledger Nano S and Ledger Nano X wallets, which cost between $50 and $100 depending on their functionality.

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