How to Buy Shiba Inu Coin in Singapore?

If you’re looking to add the popular Shiba Inu coin to your cryptocurrency portfolio, you’ll be pleased to know that it’s relatively easy to do so in Singapore. In this guide, we’ll show you step-by-step how to buy SHIB on Binance using Singapore dollars (SGD).

Before we get started, please note that Binance is currently the only major exchange that offers trading pairs for SHIB. So if you don’t already have an account with them, you’ll need to create one before proceeding.

Step 1: Deposit SGD into your Binance account

The first thing you’ll need to do is deposit some Singapore dollars (SGD) into your Binance account. You can do this by going to the “Funds” page and selecting “Deposit” next to SGD.

There are several ways to make a deposit, including bank transfer and using a debit or credit card. For the purposes of this guide, we’ll assume you’re making a bank transfer.

Once you’ve selected your payment method, you’ll be given instructions on how to complete the transfer. After your deposit has been processed (this can take up to a few hours), it will appear in your Binance account under the “Assets” section.

Step 2: Convert your SGD into Binance Coin (BNB)

The next step is to convert your Singapore dollars (SGD) into Binance Coin (BNB). BNB is the native currency of the Binance exchange and is required to trade SHIB on their platform.

To convert your SGD into BNB, go to the “Exchange” page and select the “Basic” trading interface. Then, find the “BNB/SGD” trading pair and enter your desired amount in the “Buy BNB” field.

Once you’re happy with the amount, click on the “Buy BNB” button to execute your trade. Your BNB will then appear in your Binance account under the “Assets” section.

Step 3: Convert your BNB into Shiba Inu Coin (SHIB)

Now that you have some BNB, it’s time to convert it into Shiba Inu Coin (SHIB). To do this, go to the “Exchange” page and select the “Basic” trading interface once again.

Then, find the “SHIB/BNB” trading pair and enter your desired amount in the “Buy SHIB” field. Once you’re happy with the amount, click on the “Buy SHIB” button to execute your trade.

Your SHIB will then appear in your Binance account under the “Assets” section. And that’s it! You’ve now successfully bought SHIB in Singapore.

FAQs (Frequently Asked Questions)

Q. Can I buy SHIB with Singapore dollars (SGD) on other exchanges?

A. At the moment, Binance is the only major exchange that offers trading pairs for SHIB. So if you want to buy SHIB with SGD, you’ll need to create an account with them.

Q. How long does it take for my deposit to be processed?

A. It can take up to a few hours for your deposit to be processed by Binance. Once it’s been credited to your account, it will appear under the “Assets” section.

Q. How long does it take for my withdrawal to be processed?

A. Withdrawals from Binance are usually processed within 24 hours. However, it can sometimes take longer depending on the cryptocurrency you’re withdrawing. For example, withdrawals for Ethereum (ETH) can take up to 48 hours.

Q. How much is 1 Shiba coin right now?

A. 1 Shiba coin is currently worth $0.000026 USD. However, this price is subject to change and may fluctuate up or down.

Q. How to buy shiba inu coin on binance?

A. You can buy SHIB on Binance by following the steps outlined in this guide. First, you’ll need to deposit some SGD into your account. Then, you’ll need to convert your SGD into BNB. Finally, you’ll need to convert your BNB into SHIB.

Q. How to buy shiba inu coin on coinbase?

A. You can’t buy SHIB on Coinbase because it’s not listed on their exchange. However, you can buy SHIB on Binance by following the steps outlined in this guide. First, you’ll need to deposit some SGD into your account. Then, you’ll need to convert your SGD into BNB. Finally, you’ll need to convert your BNB into SHIB.

Q. Is it safe to buy SHIB on Binance?

A. Yes, it’s safe to buy SHIB on Binance. Binance is a reputable and well-established cryptocurrency exchange that has been in operation since 2017. They offer a secure platform with advanced features and a user-friendly interface. However, as with all exchanges, it’s important to take measures to protect your account (such as enabling 2-factor authentication).

Q. What is the price of SHIB today?

A. The price of SHIB is currently $0.000026 USD.

Q. How to buy shiba inu coin on robinhood?

A. You can’t buy SHIB on Robinhood because it’s not listed on their exchange.