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Wikitoro author Mike Druttman Written by Mike Druttman
Wikitoro fact checker Nick Zelver Fact checked by Nick Zelver
Updated Feb, 2024

To purchase Shiba Inu on eToro, start by ensuring your eToro account is funded. Search for "SHIBxM" in the platform's search bar, specify the amount you want to invest, and finalize your transaction by clicking "Open Trade."

 

Inception

Venturing into the vibrant realm of cryptocurrency trading on eToro, I've found myself captivated by the meme-inspired coin, Shiba Inu. Given the surge of inquiries I've received about purchasing this particular crypto asset, I felt compelled to create a concise and easy-to-follow guide.

This guide aims to demystify the process of buying Shiba Inu on eToro, infused with my personal insights and tips to kickstart your journey.

 

Steps to Buy Shiba Inu (SHIBxM) on eToro

Follow this step-by-step guide to start purchasing this crypto asset on the platform. This can be done via their web-based interface or their app:

 

Step 1: Set Up Your Account on eToro

To start trading this crypto, you first need a verified investment account. The setup process is straightforward - create your account using a username, email address, and password. The broker will then require you to complete an identity verification process. Once verified, you’re ready to add funds to your account and embark on your trading journey.

 

Step 2: Locate Shiba Inu on the Platform

There are two easy methods to find Shiba Inu (SHIB) on the web platform or app:

  1. Using the Search Bar: Just type "Shiba Inu" or its ticker symbol "SHIBXM" in the search bar. This method is quick and direct, bringing up the asset for you to select.
  2. Navigating Through Menus: Alternatively, you can locate Shiba Inu by selecting "Discover", followed by "Crypto", and then choosing "Shiba (in millions)". This route is just a few clicks away without the need for typing.

 

Step 3: Specify Your Investment Amount

Once on the Shiba Inu trading page, enter the amount you wish to invest in SHIB. Remember, the minimum investment is $10, making it accessible even for those starting with smaller investments.

Setting eToro Shiba Inu investment amount
Setting eToro Shiba Inu investment amount

 

Step 4: Complete Your Trade

To finalize your trade, simply click the "Open Trade" button. This action will execute your SHIB order based on the parameters you’ve set. After that, it's a matter of monitoring the market's performance to see the outcome of your investment, be it a profit or a loss. Remember, trading involves risks and it's important to trade responsibly.

Executing Shiba Inu trade on eToro
Executing Shiba Inu trade on eToro

 

Endgame!

And that's it – a clear and simple guide to purchasing Shiba Inu on eToro. Remember, this method isn't exclusive to Shiba Inu; it's applicable to a wide array of cryptocurrencies available on the platform.

My goal with this guide is to shed light on the process of trading cryptocurrencies via this platform, providing you with the necessary tools and knowledge to navigate the vibrant and ever-evolving world of digital assets confidently.

 

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