User-Friendly Platform Educational Resources Social Trading Features
Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Nick Zelver Fact checked by Nick Zelver
Updated Feb, 2024

Intro

Shiba Inu coin, a relatively new entrant in the cryptocurrency market, has quickly garnered significant attention. This exciting memecoin is now accessible for investment through the eToro online platform. If you're keen to delve into the specifics of investing in this asset on eToro, this guide is tailored for you. I'll share my personal insights, which may prove valuable as you consider investing in this intriguing asset. So, let's dive in.

Trade Shiba Inu!

76% 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.

 

eToro's Shiba Inu Offering (in Millions)

On eToro, Shiba Inu is available as "Shiba (in millions)", representing a lot size of one million Shiba Inu units. This structure simplifies understanding the asset's pricing. Open to all users, the platform allows you to invest an amount that aligns with your budget.

 

Why I Prefer Trading Shiba Inu on eToro

Having traded this asset on eToro several times, I've identified numerous advantages:

  • User-Friendly Interface: The platform's simplicity enhances the trading experience.
  • Low Minimum Investment: Start trading with as little as $10.
  • Crypto Transferability: Easily move your Shiba Inu coins to the eToro wallet.
  • Copy Trading: Follow and replicate the strategies of successful Shiba Inu traders.
  • Leverage Options: Leverage allows for larger position sizes with a smaller capital commitment. Note that leverage limits vary by country, and utilizing it means trading eToro crypto CFDs, not the actual cryptocurrency.

 

Navigating the Shiba Inu Asset Page on the Platform

When you access the Shiba Inu cryptoasset page on our platform, you'll initially land on the Overview section. This default section comprises several key elements designed to give you a comprehensive understanding of the asset:

  • Graph: This primary graph displays the asset's performance, including essential data like market cap, day's range, and 52-week range. Note that this is a basic graph, and a more detailed version is available in another tab.
  • About: Here, you'll find a brief description of the Shiba Inu asset.
  • Latest News: Stay updated with the latest Shiba Inu-related news, sourced from CityFALCON.
  • People Also Bought: Explore other popular assets that traders are investing in, providing insights into current market trends.
  • Copy Shiba Inu Investors: This section highlights top-performing traders who have invested in Shiba Inu. You can easily copy their strategies by clicking the "Copy" button, which directs you to the copy trading window.
  • Discussions: Engage with the trading community through posts and conversations about Shiba Inu. This interactive feed allows you to filter for top discussions or view all conversations. Similar to social media platforms like Facebook and Twitter, you can like, comment, and share posts on your feed. 
eToro Shiba Inu trading page
eToro Shiba Inu trading page

 

Essential Crypto Trading Tools on the Platform

During my experience with trading Shiba Inu and other indices on the platform, I was impressed by the integration of various trading tools directly into the interface. This seamless integration eliminates the need to switch between different apps or screens. Below are the tools I found particularly useful:

  1. Chart: This advanced live chart for Shiba Inu offers extensive customization options, allowing you to view gaps ranging from 1 minute to 1 week. This feature provides a detailed and dynamic analysis of the asset's performance.
  2. Analysis: This section offers comprehensive technical analysis based on market analyst consensus. It includes:
  • Aggregated Signals Graph: Showcasing buy, sell, and hold signals derived from popular technical indicators, this graph gives you a quick overview of the market sentiment.
  • Technical Indicators: This live preview presents calculations based on price and volume, which are pivotal in assessing market direction.
  • Latest Research: Exclusively available to registered eToro users with a verified and funded account, this section offers in-depth research and insights, making it a valuable resource for informed trading decisions.

 

The Process of Buying Shiba Inu on eToro

To purchase Shiba Inu on eToro, follow these simple steps:

  1. Search: Locate the Shiba Inu asset on the platform.
  2. Trade: Click on the "Trade" button.
  3. Investment Amount: Enter the amount you wish to invest.
  4. Execute: Confirm and execute your trade.

Remember, by following this method, you are purchasing the actual cryptocurrency.

Buying Shiba Inu on eToro
Buying Shiba Inu on eToro

 

Trading Shiba Inu via CFD on eToro

CFD (Contract for Differences) trading offers an appealing way to engage with the crypto market. Here’s why and how to do it:

  1. Why CFDs?: CFD trading enables speculative trading on the price movements of cryptocurrencies without owning the underlying asset. The value of a CFD contract derives from the price difference between the entry and exit points of the trade. This approach can yield a Return on Investment (ROI) irrespective of market direction, provided the trade is well-managed. However, note that CFD trading might not be available in some regions.
  2. How to Trade CFDs:
  • Search: Find the Shiba Inu asset on eToro.
  • Trade: Click on "Trade".
  • Investment and Parameters: Enter your investment amount and set your trading parameters, including leverage, stop loss, and take profit.
  • Execute: Complete the trade execution.

Trading CFDs involves different considerations compared to buying the actual crypto, so ensure you understand the process and risks involved.

 

Leveraging CopyTrader for Shiba Inu Investments

A standout feature of this platform is the ability to emulate the trades of seasoned crypto investors through the CopyTrader feature. To utilize this:

  • Filter and Choose: Use the provided filters to refine your search for a suitable trader.
  • Investment Allocation: Decide the amount you wish to allocate for copying their Shiba Inu trades.
  • Copy: Hit the "Copy" button to begin automatically replicating their trading positions.

 

Maximizing Your Shiba Inu Investment Experience on eToro

In conclusion, this guide covers the essential aspects of investing in Shiba Inu via eToro. The features and methods discussed apply equally to the web-based platform and their mobile app. Remember these insights and strategies to enhance your crypto trading journey on eToro, and embrace the opportunities this platform offers!

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Mike Druttman About Mike Druttman

Mike Druttman, Head of Content at Wikitoro.org, has decades of expertise in marketing communications and business matching. Educated at the CAM Foundation and the Chartered Institute of Marketing, Mike has collaborated with businesses from the UK to Japan. He founded KEYZUNA, bridging Japanese businesses with global innovations. With a diverse background spanning high-tech to hospitality, Mike's articles at Wikitoro reflect his vast knowledge and unique perspective.

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