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

The minimum amount required to buy Shiba Inu (SHIBxM) on eToro is $10. It's important to differentiate this from the 'minimum deposit', which is the smallest amount you can add to your eToro trading account. This deposit varies from $10 to $200, based on your country of residence.

 

Intro

Curious about the minimum deposit needed to buy Shiba Inu (SHIBxM) on eToro, I delved into some research and practical testing to share valuable insights, particularly useful for newcomers to the platform.

💰 Here's the thing: It's important to first distinguish between 'minimum deposit' and 'minimum trade size.' The minimum deposit is the least amount you can add to your online trading account, which varies based on your location. For instance, in the UK, it's $50, while in the US, it's only $10.

 

The Minimum Trade Size

Moving on to the minimum trade size, which is specifically the amount needed to buy a crypto asset like Shiba Inu, the platform sets this at $10. This was confirmed through my own trials on the platform, where attempts to invest amounts lower than $10 were met with a notification that the minimum amount had not been reached.

eToro Shiba Inu minimum trade is $10
eToro Shiba Inu minimum trade is $10

Take note: I've tested this both on the web platform and their mobile app just to make sure that the eToro Shiba Inu purchasing minimums are the same.

 

Key Takeaways

While the minimum deposit to start trading on eToro depends on your country, the minimum investment amount to buy Shiba Inu is uniformly set at $10. This clarity in understanding the distinction between account funding and actual trading minimums is crucial if you're considering investing in Shiba Inu on eToro. I hope this information aids in your decision-making and helps streamline your crypto investment process on the platform.

 

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 Nick Zelver About Nick Zelver

Nick is the Senior Content Editor at Wikitoro.org with over 15 years in online marketing. A graduate of Toronto Metropolitan University, he has strategized for More Sales Inc. and led online sales at GlassesUSA.com. His journey through digital marketing, e-commerce, and account management has equipped him with a unique perspective. Every article he pens is infused with his real-world experiences, aiming to guide and inform readers.

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76% of retail investor accounts lose money