Best Shiba Inu Exchanges in 2023

The CCN team is confident that the following are the best Shiba Inu exchanges.

1. Coinbase  – overall best place to buy Shiba Inu
2. Crypto.com  – best for safely buying Shiba Inu online
3. Binance  – best crypto exchange for beginners
4. Gemini  – best for earning interest
5. Kraken  – best exchange for buying crypto with a credit or debit card instantly
6. BingX  – best for high-volume trading
7. Poloniex  – best for margin trading
8. Bitfinex  – best for advanced trading features
9. BitMax  – best for trading pairs
10. KuCoin  – best for low fees

CCN Reviews – Why You Can Trust Us

At CCN, we know that trust is hard-earned. This is especially true in the crypto industry, which remains poorly regulated.

As far as we’re concerned, our reputation speaks for itself. Hundreds of thousands of readers (soon to be millions) agree that our crypto exchange reviews are the best.

Our formula is simple. We don’t “pretend” or rely on the views of others. Our reviewers do the dirty work of registering for every exchange they investigate.

They buy, sell, and swap cryptocurrencies, analyzing key data points such as trading options, transaction speed, and company reputation.

Nothing is left to chance. Ultimately, we cover every angle to give you the most comprehensive reviews possible.

Review of Our Top 10 Shiba Inu Exchanges

Before going any further, please read these quick overviews of every Shiba Inu exchange on this page.

1. Coinbase Exchange Review

• Overview: Coinbase is a well-established cryptocurrency exchange founded in 2012 and headquartered in San Francisco, California. It is a beginner-friendly exchange that offers a simple and easy-to-use interface.
• Tradable coins: Coinbase supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: Coinbase charges a spread of about 0.5% for buying and selling cryptocurrencies, which is relatively low compared to other exchanges. However, it also charges a fee for using its Coinbase Pro platform.
• Pros:
  • Beginner-friendly interface
  • Extensive educational material
  • Robust security features
  • Low trading fees and no spreads
  • Supports multiple fiat currencies
  • Funds can be withdrawn within 24 hours
  • Regulated by the New York Department of Financial Services
• Cons:
  • Limited trading features
  • No margin trading
• Visit Coinbase 

2. Crypto.com Exchange Review

• Overview: Crypto.com is a cryptocurrency exchange founded in 2016 and headquartered in Hong Kong. It is a safe and secure exchange that offers a user-friendly interface.
• Tradable coins: Crypto.com supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: Crypto.com charges a spread of about 0.4% for buying and selling cryptocurrencies, which is relatively low compared to other exchanges. It also offers discounts for users who hold its native token, CRO.
• Pros:
  • Safe and secure exchange
  • User-friendly interface
  • Low trading fees
  • Supports multiple fiat currencies
  • Offers discounts for CRO holders
• Cons:
  • Limited trading features
• Visit Crypto.com 

3. Binance Exchange Review

• Overview: Binance is a well-established cryptocurrency exchange founded in 2017 and headquartered in Malta. It is a beginner-friendly exchange that offers a wide range of trading features.
• Tradable coins: Binance supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: Binance charges a trading fee of 0.1%, which is relatively low compared to other exchanges. It also offers discounts for users who hold its native token, BNB.
• Pros:
  • Beginner-friendly interface
  • Wide range of trading features
  • Low trading fees
  • Supports multiple fiat currencies
  • Offers discounts for BNB holders
• Cons:
  • Limited customer support
• Visit Binance 

4. Gemini Exchange Review

• Overview: Gemini is a well-established cryptocurrency exchange founded in 2014 and headquartered in New York. It is a secure exchange that offers a user-friendly interface.
• Tradable coins: Gemini supports a limited range of cryptocurrencies, including Shiba Inu.
• Fees: Gemini charges a trading fee of 0.35%, which is relatively high compared to other exchanges. However, it also offers a high-interest savings account for cryptocurrencies.
• Pros:
  • Secure exchange
  • User-friendly interface
  • High-interest savings account
• Cons:
  • Limited range of cryptocurrencies
  • High trading fees
• Visit Gemini 

5. Kraken Exchange Review

• Overview: Kraken is a well-established cryptocurrency exchange founded in 2011 and headquartered in San Francisco, California. It is a secure exchange that offers a wide range of trading features.
• Tradable coins: Kraken supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: Kraken charges a trading fee of 0.16%, which is relatively low compared to other exchanges. It also offers discounts for high-volume traders.
• Pros:
  • Secure exchange
  • Wide range of trading features
  • Low trading fees
  • Supports multiple fiat currencies
  • Offers discounts for high-volume traders
• Cons:
  • Limited customer support
• Visit Kraken 

6. BingX Exchange Review

• Overview: BingX is a cryptocurrency exchange founded in 2018 and headquartered in Singapore. It is a high-volume trading platform that offers advanced trading features.
• Tradable coins: BingX supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: BingX charges a trading fee of 0.1%, which is relatively low compared to other exchanges. It also offers discounts for users who hold its native token, BNX.
• Pros:
  • High-volume trading platform
  • Advanced trading features
  • Low trading fees
  • Offers discounts for BNX holders
• Cons:
  • Not beginner-friendly
• Visit BingX 

7. Poloniex Exchange Review

 

• Overview: Poloniex is a well-established cryptocurrency exchange founded in 2014 and headquartered in Seychelles. It is a margin trading platform that offers a wide range of trading features.
• Tradable coins: Poloniex supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: Poloniex charges a trading fee of 0.125%, which is relatively low compared to other margin trading platforms. It also offers discounts for high-volume traders.
• Pros:
  • Margin trading platform
  • Wide range of trading features
  • Low trading fees
  • Offers discounts for high-volume traders
• Cons:
  • Limited customer support
• Visit Poloniex 

8. Bitfinex Exchange Review

• Overview: Bitfinex is a well-established cryptocurrency exchange founded in 2012 and headquartered in Hong Kong. It is an advanced trading platform that offers a wide range of trading features.
• Tradable coins: Bitfinex supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: Bitfinex charges a trading fee of 0.2%, which is relatively high compared to other exchanges. However, it also offers discounts for high-volume traders.
• Pros:
  • Advanced trading platform
  • Wide range of trading features
  • Offers discounts for high-volume traders
• Cons:
  • High trading fees
  • Limited customer support
• Visit Bitfinex 

9. BitMax Exchange Review

• Overview: BitMax is a cryptocurrency exchange founded in 2018 and headquartered in Singapore. It is a trading platform that offers a wide range of trading pairs.
• Tradable coins: BitMax supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: BitMax charges a trading fee of 0.04%, which is relatively low compared to other exchanges. It also offers discounts for users who hold its native token, BTMX.
• Pros:
  • Trading platform with a wide range of trading pairs
  • Low trading fees
  • Offers discounts for BTMX holders
• Cons:
  • Limited customer support
• Visit BitMax 

10. KuCoin Exchange Review

• Overview: KuCoin is a well-established cryptocurrency exchange founded in 2017 and headquartered in Seychelles. It is a trading platform that offers low trading fees.
• Tradable coins: KuCoin supports a wide range of cryptocurrencies, including Shiba Inu.
• Fees: KuCoin charges a trading fee of 0.1%, which is relatively low compared to other exchanges. It also offers discounts for users who hold its native token, KCS.
• Pros:
  • Low trading fees
  • User-friendly interface
  • Supports multiple fiat currencies
  • Offers discounts for KCS holders
  • High liquidity
• Cons:
  • Limited customer support
  • Limited range of trading features
• Visit KuCoin 

What Are the Two Main Forms of SHIB Exchange?

There are two relevant forms of Shiba Inu cryptocurrency exchanges. They are known as decentralized exchanges (DEXs) and centralized exchanges (CEXs).

Your goal is to find the right fit for your needs. Here's a quick discussion outlining the similarities and differences between a DEX and a CEX.

Similarities

• Both centralized and decentralized exchanges allow users to buy, sell, and trade Shiba Inu.
• They provide a platform for users to interact with the exchange and place orders.
• They typically offer various trading pairs and order types to cater to different trading needs.

How CEXs differ from DEXs

• CEXs are operated and controlled by a central authority or company. They act as intermediaries and hold custody of users' funds.
• CEXs require users to create accounts and complete a verification process. This is necessary to comply with regulations and security measures.
• CEXs often have a user-friendly interface and provide customer support.
• CEXs control the funds. This means that they can freeze accounts or restrict access to funds if necessary.

How DEXs differ from CEXs

• DEXs operate on blockchain technology and do not rely on a central authority. They are designed to be trustworthy and transparent.
• Users retain control of their funds on DEXs. You can connect your wallet to the DEX and trade directly from it.
• DEXs often provide higher security as they don't hold users' funds. However, caution is advised. You need to use reliable wallet applications and verify the authenticity of any DEX platform you use.
• DEXs have a more complex user interface. Good customer support is not guaranteed. Also, the trading volume is lower than on a CEX.

A Quick Guide to Buying Shiba Inu

It is possible to buy SHIB from most places in the world. It is seen as one of the best solutions to the issues caused by fiat currencies.

According to its proponents, Shiba Inu has tremendous growth potential and has enjoyed a rapid rise.

If you’re interested in buying it, here’s a step-by-step guide.

Choose a crypto exchange

Look for a reputable crypto exchange that accepts Shiba Inu. Binance, Coinbase, and Kraken are all popular exchanges available in many countries.

Look for platforms that are simple to use and offer adequate security.

Sign up

Create an account on the exchange of your choice. Enter your email address and a strong password.

Some exchanges may ask you to go through an identity verification procedure. This may include uploading a picture ID as well as other personal information.

Deposit funds

After registering, you must deposit money into your exchange account. Most SHIB exchanges allow deposits in popular cryptocurrencies such as Bitcoin and Ethereum.

They also allow you to use the fiat currency of your choice, such as the dollar or Euro. Thus, you can buy SHIB with a debit or credit card.

Find Shiba Inu

Once you fund your account, search the exchange for Shiba Inu. Look for the "SHIB/ETH" or "SHIB/USDT" trading pairings (or other trading pairs depending on the exchange).

Place your order

Determine how much Shiba Inu you wish to purchase. Choose whether you want to put a market order or a limit order.

A market order buys Shiba Inu at the current market price. A limit order sets a particular price at which you wish to buy the coin.

Review and confirm

Double-check your order information to ensure it is correct. Take a few moments to review the transaction costs related to your purchase. Confirm your order after you're satisfied.

Monitor your order

After placing your order, keep an eye on its status. The order may take a few seconds to execute, particularly if it is a limit order. The currency will appear in your exchange account when your order is complete.

Consider a wallet

While not required, it is normally preferable to keep your Shiba Inu in a personal wallet rather than on the exchange. Look for a wallet that supports the coin. This procedure gives an additional degree of protection to your cash.

What Is Shiba Inu?

If you love dogs, you may find yourself drawn to Shiba Inu. It is a cryptocurrency similar to Bitcoin or Ethereum.

It was created in 2020 by an anonymous person or group called Ryoshi. Its developers named the coin after the Shiba Inu dog breed, popular in Japan.

The cryptocurrency gained attention due to its cute and playful logo featuring the much-loved pet.

Shiba Inu operates on a technology called blockchain, which is a decentralized and transparent digital ledger. It is built on the Ethereum blockchain, making it an ERC-20 token.

The coin aims to be a community-driven project, and its community members are often called "Shibes."

It was created as an alternative to established cryptocurrencies, and gained popularity due to its meme-inspired nature. Shiba Inu gained traction through social media, online communities, and its active community of supporters.

It is much more than a meme coin, however. SHIB has an impressive market capitalization figure. In addition, its legion of fans will keep the crypto relevant for a while.

Things to do with Shiba Inu

So, you have bought a certain amount of SHIB. What’s your next step? Your decision is likely based on your level of interest in profiting quickly.

Here are a few options available once there’s Shiba Inu in your wallet.

Sell it

If the token’s value suddenly rises, you may wish to cash out to get your rewards. Certainly, those who sold SHIB in September 2021, when it hit its record high (in USD price), don’t regret that decision.

Since mid-2022, the value of Shiba Inu has remained approximately the same. But holders, also known as HODLers, remain confident.

They believe that, eventually, SHIB will rebound. If it returns to peak levels, those who hold it today will see a major boost to their income.

Trade or invest

Some people trade Shiba Inu to try and make a profit. They do this by buying it at a lower price and selling it at a higher one.

Alternatively, you can trade it for another altcoin. For instance, you can use your SHIB to get Bitcoin.

It's important to remember that investing and trading is risky. The value of Shiba Inu is unpredictable. If the price suddenly drops, you must decide whether to cut your losses and sell, or wait for its value to go back up.

Buy

If you’re a true crypto believer, you might decide to use digital currency to buy real-world items.

The challenge here is finding businesses willing to accept SHIB as a payment. For the most part, gamblers are one of the small groups of people who benefit from crypto’s utility.

There are dozens of online casinos and sports betting sites that accept cryptocurrency. However, not many have Shiba Inu among their payment options.

Join a thriving community

Shiba Inu has a passionate and active community of supporters. They believe in the long-term potential of the project and its community-driven nature.

People enjoy being part of the Shiba Inu community. They discuss the coin on social media platforms and share their experiences.

Some individuals even use Shiba Inu to show their love of the dog breed!

Storing your coins

You can store your coins on the Shiba Inu exchange. But it is not always the best option for long-term storage.

Fortunately, there are other ways to store your Shiba Inu cryptocurrency. Here's a guide on how you can store it securely.

Software wallets

You can buy these on an app store and install them on your computer or smartphone. They provide a secure way to store your SHIB.

Examples of popular software wallets include MetaMask, Trust Wallet, and Atomic Wallet. Make sure you download it from a trusted source. Also, follow the setup instructions carefully.

Hardware wallets

These are physical devices specifically designed to store cryptocurrencies. They provide an extra layer of security by keeping your Shiba Inu offline.

Popular hardware wallet brands include Ledger and Trezor. To use a hardware wallet, you'll need to purchase the device. Once again, carefully follow the setup instructions.

Paper wallets

Print out your SHIB address and private key on paper to use this option. This offline method is highly secure, and keeps your Shiba Inu away from online threats.

You must, however, store the paper wallet securely to prevent loss or damage.

How Do Shiba Inu Exchanges Operate?

SHIB exchanges are places where people can buy and sell crypto. While Reddit chat rooms involve talking, trading platforms require action!

Crypto exchanges are meeting points where buyers and sellers trade. Here's a simple description of how Shiba Inu exchanges work.

Buying and selling

Shiba Inu trading platforms let people buy and sell cryptocurrencies. Just like a marketplace, buyers and sellers can interact with each other to make trades.

Placing orders

On a crypto exchange, you can place different orders. For example, you can set the price you want to buy or sell SHIB. Otherwise, you can choose to buy or sell at the current market price.

These orders help match buyers and sellers based on their desired prices.

Order matching

Suppose you place a buy order at $100 for Litecoin on the crypto exchange. Another person places a sell order on LTC at the same price.

In this case, the exchange matches these orders. This allows the trade to occur. Then the ownership of Litecoin transfers from the seller to the buyer.

Trading pairs

The best Shiba Inu exchanges offer many different trading pairs. A trading pair represents the currencies you can use to buy or sell Shiba Inu.

For example, SHIB/ETH is a common trading pair. In this case, you can use Ethereum to buy or sell Shiba Inu.

Market dynamics

The prices of cryptocurrencies, including Shiba Inu, can change based on supply and demand. The price may increase if more people want to buy SHIB than sell it.

The price may decrease if more people want to sell Shiba Inu than buy it. This creates a dynamic market where prices can fluctuate.

Don’t Stick to One Platform! Here’s Why

Using multiple crypto exchanges is often better than sticking to just one platform.

Below, I explain why it's beneficial to use multiple exchanges.

Access to different markets

Different crypto exchanges may offer different trading pairs, features, and user bases. You can access a wider range of markets using several platforms.

Thus, you get to explore various trading opportunities. Through this process, you could find better prices to buy or sell Shiba Inu.

Liquidity and trade volume

Liquidity is the ease of buying or selling an asset without causing significant price movements. You can tap into different liquidity and trade volume pools using several Shiba Inu trading platforms.

Some crypto exchanges may have higher trade volumes. This means more buyers and sellers. The result is increased liquidity and potentially better execution of your orders.

Price comparison and arbitrage

Crypto prices can vary slightly between different exchanges. This is due to supply and demand dynamics and differences in trading activity.

You can take advantage of price discrepancies by using many exchanges.

This strategy is known as arbitrage. It involves buying one coin at a lower price on one exchange. You then sell it at a higher price on another, profiting from the price difference.

Reducing risk and dependence

Relying on a single crypto exchange means putting all your eggs in one basket.

Suppose the SHIB platform experiences technical issues or security breaches. You may face difficulties accessing your funds or executing trades.

By diversifying across exchanges, you reduce the risk of being heavily dependent on a single platform. You also potentially decrease the impact of any issues that may arise.

Additional features and services

Different crypto exchanges may offer unique features, tools, and services that can enhance your trading experience. For example, some exchanges may have advanced charting capabilities, trading bots, or educational resources.

Accounts with lots of platforms mean you can benefit from various features. Now, choose the ones that align with your trading preferences and goals.

Choosing SHIB Exchanges – Key Considerations

Perhaps you have read different articles about using crypto exchanges. In many cases, you rarely learn something useful.

Instead, you’re fed basic information that everyone already knows! Yet with more research, you can learn about SHIB trading platforms that help you find the right one for your needs.

I include several important things to consider before registering with any Shiba Inu exchange. You won’t discover everything, but it is a solid start!

Why liquidity is so important

Liquidity is crucial in a crypto exchange. It ensures smooth and efficient trading.

High liquidity means there are enough buyers and sellers in the market. Thus, orders are executed quickly at fair prices.

It reduces the risk of price manipulation, and enables traders to enter or exit positions without significant slippage. Adequate liquidity also attracts more participants, fostering a vibrant trading ecosystem.

Moreover, it provides opportunities for market makers to contribute to price stability.

The educational tools on offer

A crypto exchange's standard of educational tools is crucial for several reasons.

First, it empowers users, especially newcomers, with knowledge about cryptocurrencies, trading strategies, and market dynamics.

Education helps users make informed decisions, reducing the risk of losses due to a lack of understanding.

Second, it promotes responsible trading practices. The best SHIB exchanges discuss risk management techniques and emphasize the volatile nature of cryptocurrencies.

Third, robust educational resources foster a supportive community. They encourage engagement, creating a platform for users to learn from each other.

Is the platform secure?

Security is paramount in a crypto exchange due to the underlying risks associated with digital assets.

Robust security measures are crucial to safeguard user funds, personal information, and transactions.

Unfortunately, CEXs, in particular, are vulnerable to attacks. For instance, a 51% attack happens when one miner or group controls over 50% of a blockchain’s hashing power.

By doing this, the attackers can block the confirmation of new transactions. They can also rewrite parts of the blockchain.

The best Shiba Inu exchanges have strong security protocols to protect against hacking attempts and unauthorized access. These include two-factor authentication, encryption, and cold storage of funds.

Maintaining a high level of security builds trust among users and fosters a safe trading environment. It also helps prevent fraudulent activities, phishing attacks, and theft, mitigating potential losses.

Payment method quantity

Payment method variety is vital in a crypto exchange for several reasons.

It accommodates the diverse needs and preferences of users. Offering numerous payment options allows individuals to choose the method that is most convenient and accessible to them.

Presenting users with a multitude of payment options also expands the user base. It attracts individuals who may have specific payment methods or limitations.

Moreover, diverse payment options provide flexibility during the deposit and withdrawal processes. Thus, users can manage their funds more efficiently.

Fee comparison

Understanding the fees you pay in a crypto exchange is crucial.

You need to know the fees to accurately calculate your trading costs and potential profits. Through this process, you can engage in informed decision-making.

Also, knowing the fees helps you avoid unexpected expenses. It can ensure transparency in your trading activities.

Comparing fees across different exchanges helps you choose the most cost-effective platform for your trading needs. It enables you to assess the value you receive for the services provided by the exchange.

Finally, knowing the fees promotes financial responsibility. You will find it easier to plan your trading strategies effectively.

Is its product range appealing?

The product range is vital in a crypto exchange. The more options available, the easier it is to find something that appeals to you.

With a variety of digital currencies, you can diversify your portfolio and explore various investment opportunities.

An impressive product range allows users to access popular cryptocurrencies and emerging tokens.

In addition, having many available products caters to users' different trading preferences and strategies.

Some may prefer major cryptocurrencies like Bitcoin and Ethereum. Others may be interested in altcoins or niche tokens.

A comprehensive product range accommodates the needs of a broader user base. It promotes inclusivity and satisfies varying trading interests.

Number of coins available to trade with

Coin quantity is significant in a crypto exchange for several reasons. A wide range of available digital assets allows users to choose from a large set of investment options.

It allows them to explore different projects, technologies, and industries within the cryptocurrency space.

Also, higher coin quantity promotes liquidity by attracting a larger pool of traders and investors. This increased liquidity improves the ease and efficiency of buying and selling. The result is reduced slippage and a better overall trading experience.

Moreover, a larger coin quantity indicates a thriving ecosystem. It shows the SHIB exchange can adapt to market demands and offer a comprehensive selection of cryptocurrencies.

Licensing and regulation

Having proper licensing ensures compliance with regulatory frameworks. It promotes a legal and transparent trading environment.

Licensing provides trust and credibility, reassuring users that the crypto exchange operates within established guidelines.

Also, licensed entities must offer certain security measures protecting user funds and personal information. Regulated exchanges often have strict security protocols, reducing the risk of hacking and fraud.

Additionally, licensing promotes accountability. This is because trading platforms must meet specific standards and regulations.

Ultimately, proper licensing enhances user confidence and encourages market integrity. It contributes to the long-term sustainability of the crypto exchange.

Shiba Inu Exchanges: The Best Place for Crypto Investors

If you believe in cryptocurrency, SHIB exchanges are worth investigating.

You can buy, sell, and trade hundreds of altcoins and stablecoins. Anyone with genuine crypto knowledge can make a profit from arbing. However, such a tactic requires reading and understanding a lot of content.

No one is quite sure what will happen to the crypto market. Many people have invested heavily as they tire of the current financial system.

Certainly, investing at least some of your savings in digital currency is worth it if fiat no longer excites you. But please remember that the market is subject to peaks and troughs.

Even if you’re a true believer, putting a high percentage of your money in crypto isn’t the best idea. The price fluctuations mean you could lose a significant sum. Then it’s a question of whether you can wait for the value of crypto to rise again.

Still, crypto exchanges are the place to go if you want to get involved in the digital currency market.

FAQ

I briefly answer a few frequently asked questions below.