How to Buy Shiba Inu on Binance – Step by Step Guide

The Internet has a common story from the crypto-verse everywhere lately. Yes, we indeed are talking about the Shiba Inu explosion. A 276 billion whale buying activity and Binance listing made this token a top choice for the month. So, if you are FOMOing, we are here to help you. In this buyer’s guide, we help you trade Shiba on Binance. So, without further ado, let’s get started on how to buy Shib on Binance.

First – Buy USDT using the P2P option

Step 1

Login to the Binance Account

Step 2

USDT and Shiba Inu trade in pairs. As a result, you need to first buy USDT to trade Shiba. Go to trade on Binance as shown on the top midsection.

Step 3

Click on P2P. A screen like this would appear. 

Step 4 

Change currency as per your choice and pick a payment option. Here, I have chosen INR. A dialogue box will appear like this. Click the agreement tickbox and confirm.

Step 5

Choose the amount of USDT you want to trade. For example, I am buying from XYZ840  USDT for $400.  A screen like this will appear. 

It will show how many USDT you will receive. You can pick payment options like PayPal, Skrill, Perfect Money, and Banco for the same. Once you make the payment, your funding wallet will receive the asset.

Second – Swap your USDT for SHIB Tokens

Step 1

Click on the Binance Logo.

Step 2

Click on Trade.

Step 3

Click on convert. A screen as shown below would appear. 

Once you have the USDT balance, swap it for Shiba INU. It takes 5 seconds to validate the transaction.

How to Buy Shib with a Debit/Credit Card?

You can trade Shiba Inu with Debit and Credit cards as well. Click on buy crypto as shown by the side of the Binance logo. 

Click on buy with bank transfer and bank card (V/MC) as shown.

Enter the amount you want to spend on buying Shiba. However, the same process as mentioned above will follow. Users need to buy the USDT for the swap. Hence, you can choose the option that best suits you.

Note: 

– FOMO: Means fear of missing out. 
– V/MC: Visa and Mastercard

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