Which cryptocurrency is commonly used to purchase Shiba Inu?
antibanDec 18, 2021 · 3 years ago3 answers
What is the most commonly used cryptocurrency to buy Shiba Inu? I'm interested in investing in Shiba Inu and want to know which cryptocurrency I should use to make the purchase. Can you provide some insights on this?
3 answers
- Dec 18, 2021 · 3 years agoThe most commonly used cryptocurrency to purchase Shiba Inu is Ethereum (ETH). Shiba Inu is an ERC-20 token, which means it is built on the Ethereum blockchain. Therefore, you will need to have some Ethereum in your wallet to buy Shiba Inu. Make sure you have enough ETH to cover the transaction fees as well.
- Dec 18, 2021 · 3 years agoWhen it comes to buying Shiba Inu, Ethereum is the go-to cryptocurrency. Since Shiba Inu is an ERC-20 token, it is primarily traded on Ethereum-based decentralized exchanges (DEXs) like Uniswap. So, if you want to get your paws on some Shiba Inu, make sure you have some Ethereum ready to go!
- Dec 18, 2021 · 3 years agoTo purchase Shiba Inu, you will need to use Ethereum (ETH). Ethereum is the most commonly accepted cryptocurrency for buying Shiba Inu due to its compatibility with the ERC-20 standard. You can easily buy Ethereum on popular exchanges like Binance or Coinbase, and then use it to trade for Shiba Inu on platforms like Uniswap or SushiSwap.
Related Tags
Hot Questions
- 91
What is the future of blockchain technology?
- 91
What are the advantages of using cryptocurrency for online transactions?
- 88
What are the best digital currencies to invest in right now?
- 72
What are the best practices for reporting cryptocurrency on my taxes?
- 66
Are there any special tax rules for crypto investors?
- 44
What are the tax implications of using cryptocurrency?
- 43
How can I minimize my tax liability when dealing with cryptocurrencies?
- 14
How can I protect my digital assets from hackers?