June 13, 2024
Cryptocurrency Digital Wallet Shiba inu

How to buy shiba inu coin in trust wallet?

shiba inu coin in trust wallet

The question of how to buy shiba inu currency gained popularity among crypto enthusiasts when Binance included shiba inu on its platform. Shiba inu is a brand-new Dogecoin killer, and the day Binance announced it, demand skyrocketed. Shiba inu coin can be easily purchased anywhere globally using the trust wallet, a crypto and bitcoin wallet, or uniswap. Shiba inu token is extremely popular, but new cryptocurrency users would need help determining where to buy the DOGE-based cryptocurrency. Continue reading about how to purchase shiba inu coin in trust wallet:

What is shiba inu?

Shiba inu is an upcoming token and an Ethereum-based alternative to Dogecoin. Shiba inu is a supported cryptocurrency on the Ethereum blockchain. It was supposed to replace the already well-known Dogecoin, and it was published anonymously in August 2020.

Shiba inu uses the same dog breed as Dogecoin and is well-known as the Dogecoin killer. The money serves primarily as a transferable token in terms of utility. In other words, it is not backed by any assets and does not have any smart contracts. Its cryptocurrency trading is supported by an ecosystem known as shibaswap.

How to purchase shiba inu coin using a trust wallet:

Download a Trust Wallet

Inside the BNB Chain network, there are several crypto wallets to select from, but trust wallet is the most integrated. On a desktop computer, you can download Google Chrome and the wallet Chrome extension. If the wallet is offered, you can download it from Google Play or the iOS App Store if you would use a smartphone. Visit the trust wallet website to ensure you get the genuine Chrome extension and mobile app.

Set up your Trust Wallet

Once the downloading process is complete, register and set up the cryptocurrency wallet. As a resource, you might refer to the wallet’s support page. Keep your seed phrase private and write down the address of your wallet. After you reach to steps 4 and 6.

Buy BNB chain as your base currency

After setting up your wallet, enter your Binance account and go to the Buy and Sell Crypto page to purchase the BNB Chain. 

Binance will provide BNB chain to your cryptocurrency wallet

Go to your Binance wallet section and search for the BNB Chain you purchased. Click withdraw and enter the needed information. Set the network to BNB Chain, enter your wallet address, then enter the appropriate transfer amount. Wait for your BNB Chain to appear in your trust wallet after clicking the withdraw button.

Choose a Decentralized Exchange 

Make sure the exchange supports the wallet you choose in Step 2 before selecting one of the several available DEXs.

Connect Your Wallet

Use your wallet address to link your trust wallet to the DEX.

Exchange your BNB chain for the desired coin

Choose your BNB Chain as the means of payment, and then choose the shiba classic as the coin you wish to purchase.

Wrapping it up

As a result, the above details are about how to buy a shiba inu coin in trust wallet. You can quickly get your Shiba inu coin into your trust wallet if you successfully follow these instructions. After that, you can start buying or selling with this coin.

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