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Shiba Inu Coin is one of the hottest cryptocurrencies in the market right now – with the digital currency generating gains of almost 40 million percent in 2021 alone, a lot of people have been wondering how to buy Shiba Inu UK, and how to buy cryptocurrencies in the UK.
This means that had you invested just £10 at the start of the year, at its peak, you would have been a multi-millionaire.
If you're looking to jump on the bandwagon, this article will show you how to buy Shiba Inu in the UK with an FCA-regulated broker in less than five minutes.
If you have a bit of experience in the cryptocurrency space and simply wish to buy Shiba Inu in the UK right now – the guide below will show you how to complete the process in under five minutes.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection
The only way that you can buy Shiba Inu Coin UK is to open an account with an online broker.
Below you will find a list of the best brokers that allow you to buy Shiba Inu in the UK.
Read on to find our full broker reviews so that you choose the best place to buy Shiba Inu in the UK for your individual requirements.
If you've heard the buzz surrounding Shiba Inu but you're not too sure how to invest – this guide is for you.
In following our detailed step-by-step walkthrough, you will learn how to buy Shiba Inu in the UK with FCA-regulated broker eToro, just like you would when you Buy Bitcoin in the UK. From start to finish, the process should take you no more than five minutes.
In order to buy Shiba Inu in the UK from a regulated broker like eToro, you will initially need to create an account. This ensures that eToro knows who you are and that it complies with FCA regulations.
Fortunately, the process is super-easy and simply requires the following information from you:
To complete the first part of the registration process, you will need to confirm your mobile number by entering a code that eToro sends via SMS.
Unlike the vast majority of brokers in this industry, eToro is heavily regulated. Not only by the FCA, but with licensing bodies in the US, Cyprus, and Australia.
And as such – you will need to upload a copy of your passport or driver's license before you can buy Shiba Inu UK.
Once again, eToro makes the process both fast and simple – as the broker will verify your document instantly.
Now that you have a verified account, you can deposit some funds. eToro covers all bases in this respect, as you can deposit funds with a variety of payment methods.
eToro operates in US dollars – which mirrors the global cryptocurrency markets. As such, when you deposit funds in GBP, you will pay a small FX fee of 0.5%.
In comparison to Coinbase and its 3.99% deposit fee, this offers great value. The minimum deposit requirement at eToro is just $50 – which is around £35.
eToro is also one of the best crypto wallets in the market with its etoro money app.
The next step is to find your chosen market on the eToro platform – Shiba Inu. The fastest way to do this is to simply search for 'Shiba Inu' coin. Then, click on the 'Trade' button.
This will then auto-populate an order form – which you need to fill out to buy Shiba Inu in the UK.
By default, you are now placing a 'market' order at eToro. In simple terms, this means that eToro will execute your purchase instantly at the next best available price.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
With this in mind, all you need to do now is decide how much money you want to invest in the Shiba Inu coin. The minimum at eToro is a very risk-averse $10. You can enter your desired stake in the 'Amount' box.
Finally, to buy Shiba Inu in the UK via eToro – click on the 'Open Trade' button to confirm your order.
As soon as you place your order at eToro, the broker will execute it in real-time and add the Shiba Inu tokens to your online portfolio. At this stage, there is nothing else for you to do.
Crucially, this is because eToro will safely store your Shiba Inu tokens for you – meaning that you don't need to concern yourself with complicated cryptocurrency wallets.
Ultimately, when you are ready to cash out your Shiba Inu tokens – all you need to do is log into your eToro account, head over to your portfolio, and create a sell order.
The funds will then be added to your eToro cash account – which you can withdraw back to your UK debit/credit card or bank account.
It is crucial to understand the importance of choosing a trusted broker when learning how to buy Shiba Inu in the UK.
As we mentioned earlier, most platforms in this space are unregulated – so it's wise to stick with a broker that is licensed with the FCA. You should also assess how much you will pay in fees and what the minimum investment requirement is.
In the sections below, you will find a selection of popular brokers that allow you to buy Shiba Inu in the UK.
When searching high and low for the best place to buy Shiba Inu in the UK – we found that eToro is head and shoulders above its competition. Crucially, this is because eToro is authorized and regulated by the FCA. And as such, this will ensure that you buy Shiba Inu in the UK in a secure manner.
What we also like about eToro is that this top-rated broker allows you to buy Shiba Inu coin by meeting a minimum investment of just $10. This is important, as Shiba Inu is a highly speculative digital currency – so it's notable that you are not forced to invest large sums of money.
Next, eToro also stands out for its low fee policy. Instead of charging a commission, you will only pay the spread to buy Shiba Inu in the UK. At eToro, cryptocurrency spreads start at just 0.75%. Getting started with an account will take you a matter of minutes and you can instantly deposit funds with a debit/credit card or e-wallet.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection
Coinbase offers a simple and burden-free way to buy Shiba Inu in the UK. It's just a case of opening an account and uploading some ID to verify your identity. You can then proceed to buy Shiba Inu coin instantly with your UK debit or credit card.
Unfortunately, this convenience comes at a cost when using Coinbase. In fact, you will be charged a whopping 3.99% on the total investment amount.
Alternatively, you might consider waiting 2-3 working days by transferring money from your UK bank account on a fee-free basis. However, you will still be required to pay a commission of 1.49% when you eventually buy Shiba Inu.
Your capital is at risk.
Although Binance is home to hundreds of cryptocurrencies – it only supports a selection of coins via its Instant Buy feature. Fortunately, this includes Shiba Inu, so you can easily complete your purchase with a debit or credit card.
You will be charged in the region of 2% here – with the exact fee depending on the spread at the time of the purchase. With that being said, Binance is not regulated by the FCA – or any licensing body for that matter.
And as such, although Binance allows you to buy Shiba Inu coin UK with a debit/credit card, UK residents are unable to withdraw GBP out of the platform. This means that when you eventually want to cash out – you will need to do so through another exchange or broker.
Your capital is at risk.
In order for you to buy Shiba Inu coin with a credit card, you need to open an account with a verified broker by the FCA, that wouldn't flag up the transactions processed by your bank.
Brokers such as eToro, which are regulated by the FCA, have been increasing in number and have been the best option for US and UK residents to buy Shiba Inu with a credit card.
In the specific case of eToro, for example, they have deposits covered by FSCS, which guarantees to cover up to £80.000 on the deposit. Cryptocurrencies are an unregulated market, and if we can use more exchanges like eToro, which allow users to buy Shiba Inu with credit cards safely, then we can see people adopting cryptocurrencies more.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection
This article has explained the process of how to buy Shiba Inu in the UK with an FCA-regulated broker like eToro. End-to-end, the process of opening an account and paying for your digital tokens should take no more than five minutes.
Crucially, eToro only requires a minimum investment of $10 and you can buy Shiba Inu on a spread-only basis.
