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

Yes, eToro supports Shiba Inu. On the platform, you can purchase the SHIBxM token at any time, as the market is available 24/7. Additionally, eToro offers the CopyTrader feature, allowing you to replicate the trades of experienced Shiba Inu traders.

 

Setting the Scene

In my quest to verify if eToro supports Shiba Inu, I delved into the platform using my own trading account and discovered multiple investment avenues. Please take note that these methods I discovered may not be applicable for some countries so be sure to check this with their customer support.

 

Method #1: Investing Directly on the Platform

Initially, I navigated to the crypto markets section and searched for Shiba Inu, where I found the SHIBxM token. I learned that with a minimum investment of $10, I could easily purchase this token. The process was straightforward and user-friendly. Just enter your investment amount and place the order. It's as simple as that. 

 

Method #2: Copying Experienced Crypto Traders

Another intriguing option I uncovered in trading eToro Shiba Inu was through the CopyTrader feature. This feature allows users to mimic the trades of experienced Shiba Inu investors. I was particularly impressed by the variety of traders focusing on this crypto.

For instance, I decided to follow @AllKryptoInvest, a user with a notable investment strategy in Shiba Inu. It's important to note that the minimum investment required to copy a trader is $200, so this should be considered if you're leaning towards this option.

 

Final Thoughts

Conclusively, my exploration on eToro confirmed that the platform indeed supports Shiba Inu. They facilitate this through direct purchases of the SHIBxM token and by offering the opportunity to copy trades from top investors in this cryptocurrency. This dual approach provides flexibility and options for both direct investment and leveraging the expertise of seasoned traders.

 

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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76% of retail investor accounts lose money