Are you looking to know how to buy Shiba Inu coins in Canada? Well, this is the guide for you.
The technology surrounding cryptocurrencies has made them very popular amongst investors and cryptocurrency traders.
One of the most popular cryptocurrencies at the moment is Shiba Inu and one of the best to buy in Canada.
The Shiba Inu coin has seen a meteoric rise in recent times but can still be bought at a reasonable price from the best crypto exchanges in Canada.
But how can you buy the Shiba Inu coin? This guide will help you understand the process. It covers everything on how to buy the Shiba Inu coin in Canada using different exchanges.
What is Shiba Inu?
The fastest-growing cryptocurrency globally, a Shiba Inu, is a dog from Japan and not crypto.
However, Shibas (cryptocurrencies) like Bitcoin, Ethereum, and Litecoin were named after this famous dog breed. It was created in August 2020.
Based heavily on Doge, its success is primarily accredited to the public’s love for Shibas.
You can use the Shiba Inu cryptocurrency to buy, sell on exchanges that accept the token.
The value of the crypto tends to fluctuate, depending on various factors, including market supply and demand.
Shiba Inu is a meme-based cryptocurrency that runs on the PoS (Proof of Stake) blockchain. With a flip of a coin, anyone can easily and quickly mine Shiba Inu, much like Dogecoin.
How To Buy Shiba Inu 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.
Cryptocurrency exchanges will allow you to make a transaction from Canadian dollars into Japanese Yen to buy the tokens.
Using the exchange Coincheck, you’ll be able to buy Shiba Inu without having to worry about converting your local currency into a different type of money.
They also offer the chance to purchase other cryptocurrencies, such as Bitcoin (BTC), Cardano (ADA) and Ethereum (ETH).
Also, to purchase Shiba Inu in Canada, you can look for a cryptocurrency broker operating from your country.
However, you must evaluate the broker before using their services to avoid any issues that might arise in the future.
As with most digital currencies, SHIB is only available for purchase on a few platforms.
If your exchange doesn’t offer them, you can always buy a stable coin and swap it for SHIB on another platform that supports SHIB.
Where to Buy Shiba Inu Coin in Canada
Where to buy Shiba Inu Coin can be somewhat confusing, especially if you’re a beginner.
There are so many options, but one thing that is certain, this coin is going to have a big future.
Here are the best places for buying Shiba Inu in Canada:
NDAX is a Canadian-owned and operated digital currency exchange to buy, sell, and trade various cryptocurrency pairs.
Available to Canadian residents, NDAX offers a range of services, including a trading platform, online wallets, and payment solutions.
With this platform, you can buy and sell cryptocurrencies at the lowest fee in Canada. You can also buy, sell, or trade cryptocurrencies at any time of the day.
Both beginners and experienced traders can use the NDAX world-class cryptocurrency exchange platformers.
Its intuitive interface allows straightforward navigation to buy and sell different cryptocurrencies.
With a straightforward process for first-timers, NDAX provides a place where everyone feels comfortable buying and selling cryptocurrency.
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.
2. Wealthsimple Crypto
Wealthsimple Crypto was built by Wealthsimple, one of Canada’s largest online investment managers.
You can invest in up to 30 other cryptocurrencies, all on a single platform. It’s completely online, so your money is always safe and 100% under your control.
The Wealthsimple Crypto platform allows you to quickly and seamlessly buy, sell, store and learn about crypto.
Now you can invest in a high-growth portfolio of cryptocurrencies simply and safely. The only catch? You need to sign up for an account with Wealthsimple first.
The Wealthsimple app makes it easy and quick to buy, sell or hold any major cryptocurrencies.
It’s a simple process and takes only a minute. And once you do, you will receive a personalized Shiba Inu Coin that works like a collectable keychain.
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.
Newton has been designed to make buying and selling cryptocurrency simple. Its streamlined interface makes buying and selling simple, fun, and fast.
Unlike most other services in Canada, there is no waiting period for fiat transfers and no limits on the frequency of transactions.
By choosing the best times to execute an order, Newton can help you get the most for your money.
You can buy, sell and manage cryptocurrency right from your smartphone or laptop.
With one account, you can trade Bitcoin, SHIB and other cryptocurrencies on the exchange without any hidden fees.
Join the fastest, most secure, and most reliable cryptocurrency exchange in Canada.
With just a few taps on your mobile device, you have access to thousands of cryptos offered at the best available prices.
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 percent.
Funding options: Cryptocurrency and Interac e-Transfer.
Offer: Your first $100 trade will earn you a $25 bonus.
CoinSmart is a multi-cryptocurrency exchange based out of Europe and Canada. Its supported coins include Shiba Inu and 13 other coins provided.
It is a simple, secure, and convenient platform that allows you to buy and sell the cryptocurrency of your choice.
CoinSmart provides a single platform to buy or sell various cryptocurrencies, unlike other cryptocurrency exchanges.
CoinSmart’s mission is to provide you with a powerful, fully-featured trading platform that minimizes the complexity of the market and maximizes the simplicity of your experience.
It has been designed to be a secure and user-friendly cryptocurrency exchange where all our customers know the cost of their transactions.
Additionally, CoinSmart is backed by a 24/7 omnichannel customer support team that works hard to ensure your questions are answered, and your needs are met.
CoinSmart makes it easy to invest in cryptocurrency and earn passive income daily.
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.
is a pioneer in the crypto and blockchain space, offering a reliable and straightforward way to buy cryptocurrency.
The team behind Crypto.com aims to build a platform that allows you to buy, sell and spend cryptocurrencies in a simple way.
You can buy, sell, and store your cryptocurrencies easily on Crypto.com’s secure and straightforward platform.
Also, you can deposit and withdraw funds via your bank account, credit card, or both, just like a standard online brokerage account.
Whether you’re an expert cryptocurrency trader or a beginner, Crypto.com has you covered with its easy-to-use platform.
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.
Binance is a global cryptocurrency exchange that allows users to trade fiat money with cryptocurrencies, including Shiba Inu.
Its Platform is compatible with multiple devices such as PC, iOS and Android. Start trading while you are on the go.
Binance takes the safety of your information and the security of your assets very seriously.
Just add funds to your account by wire transfer, credit card, or other cryptocurrency and send whatever you want to buy directly to the seller’s account. Long-time users get bonuses based on your trade volume.
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.
If you want to start trading crypto but don’t want to use a more complicated platform, Coinbase is ideal.
CoinBase is a secure online platform for buying, selling, transferring, and storing digital currency.
It is a web-based exchange that is mainly based in the United States. The popularity of Coinbase has risen sharply over the years.
Coinbase is one of the most well-established and easy-to-use exchange services with insurance provided by industry-leading partners like FDIC.
More than 60 million people use Coinbase to buy and sell Bitcoin and other cryptocurrency assets worldwide.
Coinbase makes it easy to convert your national currency into cryptocurrency with a credit or debit card and exchange rates that are among the most competitive out there.
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.
Check it out
BitMart is a multi-faceted, global digital asset trading platform. It currently has over 5 million registered users from different countries and regions.
This exchange has made its way to a faster, more uncomplicated, and laidback shopping environment with its blockchain-based in-depth technology.
BitMart, the professional digital asset trading platform, is dedicated to providing fast, secure, and professional crypto trading services.
Choose from a diverse variety of crypto pairs. You will be able to access your favourite products faster than ever before. Also, you can set up an account in a few minutes through its simple steps. Track your trade with ease on the Chart tab.
Coins: Over 200
Trading fee: Crypto withdrawal fees vary according to your account level.
Funding options: Crypto, credit and debit cards.
Why Buy Shiba Inu Coin in Canada?
If you are thinking of investing in cryptocurrencies, here is why you should consider investing in the Shiba Inu coin.
Shiba Inu coin is one of the most popular cryptocurrencies at the moment. As such, you might be wondering, ‘Why to buy Shiba Inu coin in Canada?’
It’s one of the most exciting tokens available, and it has most of the characteristics of a successful currency.
This coin was created by fans of the Shiba Inu breed of dog in celebration of its popularity. The SHIBA coin is intended to be a fun and alternative cryptocurrency.
You can buy SHIBA at an exchange that supports different currencies. Both of them accept bitcoin, so you can also use it if you have some.
Additionally, these unique commemorative Shiba Inu coins are available to purchase in limited quantities.
With many unique features and fast transaction times, this digital currency is one for the future.
Shiba Inu is a unique cryptocurrency new to Canada but already getting rave reviews. With its instantly redeemable value, it is ideal for people with a busy lifestyle.
The rising popularity of the Shiba Inu coins means that their coins are also going up in value, and now is a great time to buy.
However, with more and more options buying Shiba Inu coins popping up in Canada, it can be challenging to know who to trust.
Now that you know how you can buy Shiba Inu coins in Canada, you can start looking for one.
Once you’ve decided on a seller and a price, ensure that the seller has good reviews and previous experience.
Hi, I'm Adeola Adegoke. I am a licensed Insurance Broker in Manitoba, and I hold a master’s degree in Mathematical Sciences (with a major in Financial Modeling) from the African Institute for Mathematical Sciences (AIMS), Tanzania.
Also, I have a second master's degree in Statistics from the University of Regina, and I am currently pursuing my Ph.D. in Statistics at the University of Manitoba.
The primary purpose of Money Reverie is to help everyday Canadians make better financial decisions by providing up-to-date financial news and information, reports, product reviews, and government programs.