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shib
Shiba Inu is an Ethereum-based cryptocurrency that has evolved from a meme token (a cryptocurrency that started as a kind of joke) into a multi-billion dollar ecosystem. Created in August 2020 by an anonymous developer using the name "Ryoshi," SHIB was designed to be the Ethereum-based counterpart to Dogecoin (DOGE), another dog-themed cryptocurrency.
This coin is available on Newton.
Known as the "Dogecoin killer," it features the Shiba Inu dog breed and has attracted a large community, the "ShibArmy," dedicated to its growth. The token gained momentum as investors were drawn in by its charming mascot and endorsements from personalities like Elon Musk and Vitalik Buterin.
The project has since expanded to include a decentralized exchange called ShibaSwap, an NFT art incubator, a metaverse project and even its own layer-2 blockchain called Shibarium.
The SHIB token is an ERC-20 token running on the Ethereum blockchain. This allows Shiba Inu to leverage smart contracts for creating decentralized finance (DeFi) products and services.
Yes, you can legally buy, hold, and sell Shiba Inu (SHIB) in Canada through crypto platforms like Newton.
You can buy as many Shiba Inu (SHIB) as your available CAD balance allows. There’s no maximum limit. You can start with as little as $10 CAD, the minimum deposit amount.
Shiba Inu (SHIB) trading fees are included in the transaction total and displayed before you confirm each trade. Please visit Newton's Fees page for the latest and most accurate fee information.
Currently, Newton supports Interac e-transfers and wire transfers. Credit and debit cards are not supported.
The Shiba Inu community, called the ShibArmy, is a global, decentralized group that drives the project's growth and direction. Members actively participate in governance through the ShibaSwap platform Using BONE tokens and are rewarded for their involvement with exclusive access to NFT minting and metaverse sales.
Shiba Inu (SHIB) was launched in August 2020 by a pseudonymous creator known as Ryoshi with the intent to build a community-driven decentralized cryptocurrency inspired by Dogecoin. Shortly after its creation, 50% of SHIB’s total supply was allocated to Ethereum co-founder Vitalik Buterin, with the remaining 50% locked for liquidity on Uniswap. In a significant and unexpected move, Buterin burned 90% of his SHIB holdings, effectively removing them from circulation forever. He donated the remaining 10% to a COVID-19 relief fund in India, making it one of the largest cryptocurrency donations ever.
Throughout its history, Shiba Inu has cultivated a large and active community known as the "ShibArmy," boasting substantial followings on platforms like Twitter and Medium. The ShibArmy played a crucial role in driving SHIB's rapid growth, seeing its price soar from as low as $0.000000000056 to an all-time high of $0.000084 within eight months—a staggering 150,000-fold increase. Despite facing controversies, including accusations of copying code and debates over the anonymity of its founder, Shiba Inu has continued to innovate and expand its offerings. In 2021, the team launched ShibaSwap, a decentralized exchange, introducing two additional tokens: LEASH was introduced as a scarce supply token to offer incentives on ShibaSwap, while BONE serves as a governance token for voting on proposals within Doggy DAO.In August 2023, Shiba Inu unveiled Shibarium, a layer-2 scaling solution built on Ethereum.
Yes, you can Sell Shiba Inu (SHIB) and convert it back to Canadian dollars (CAD) quickly and securely. Withdrawals typically process instantly via EFT or e-transfer but may take up to two business days if additional verification is needed.
Disclaimer: It is important to DYOR (Do Your Own Research) before investing in any asset, particularly speculative cryptocurrencies like Shiba Inu (SHIB). Be cautious of becoming “exit liquidity” for early investors, influencers, or professional traders who often buy early, promote the project, and sell when public interest peaks. Investing in any asset carries significant risk, and the cryptocurrency market is no exception. Only invest funds you can afford to lose entirely.
Shiba Inu (SHIB) is a highly speculative investment known for its dramatic price swings and strong reliance on community interest and meme culture. While the Shiba Inu ecosystem has grown with the launch of platforms like ShibaSwap and Shibarium, the coin remains volatile, and its value is primarily driven by social media trends rather than fundamental utility. Additionally, SHIB has faced criticism for its classification as a memecoin, suggesting that hype rather than intrinsic value fuels its success. Security concerns, including fraud and phishing schemes targeting SHIB investors, further highlight the risks involved.
Shiba Inu stands out through its commitment to complete decentralization and community-driven development. Unlike many crypto projects, SHIB started from zero with no traditional funding, pre-mine, or central leadership team, allowing for true community ownership and direction.
Buy, sell, or swap SHIB on various exchanges and ShibaSwap, taking advantage of market opportunities for potential investment returns.
Earn rewards by staking ("burying") SHIB on ShibaSwap to receive BONE tokens or provide liquidity ("digging") for additional yield farming opportunities.
Acquire and trade unique Shiboshis NFTs on ShibaSwap, participate in exclusive NFT minting events, and explore digital collectibles within the ecosystem.
Use SHIB for online purchases, send digital payments directly between wallets, and transact with merchants accepting SHIB.
Contribute SHIB to global causes, including initiatives like the Amazon Smile campaign to rescue real Shiba Inu dogs and join community efforts for social impact.
Access blockchain-based games such as Shiba Eternity, participate in virtual economies within Shib the METAVERSE and earn rewards through play-to-earn (P2E) gaming models.
*Newton does not currently support staking, governance, interest-earning, or other utility functions, where applicable, for this asset.
These involve person-to-person trades where you buy Shiba Inu (SHIB) directly from another individual, often through peer-to-peer platforms or local community networks. While possible, this method often carries security and trust challenges.
These include centralized exchanges, decentralized exchanges, and other intermediaries or platforms designed for buying Shiba Inu (SHIB). Many individuals prefer to purchase Shiba Inu (SHIB) through a regulated cryptocurrency platform like Newton, which offers an easy experience with secure transactions and compliance with Canadian regulations.
Trading fees are included in the spread and displayed before you finalize your trade, so you always know what you’ll pay. Please visit Newton's Fees page for the most current information on Shiba Inu (SHIB) fees.
Newton prioritizes user security with new device registration, login history monitoring, anti-phishing protection, multi-factor authentication, and institutional-grade custody, storing most assets in insured cold storage.
Newton makes it affordable to buy and sell Shiba Inu, with a 1.50% - 1.60% fee. For more information about fees, see our Prices page. Newton covers up to $5 of network fees on your first daily withdrawal. For additional withdrawals, or if network fees exceed $5, the estimated network fee is confirmed prior to withdrawal.
Newton’s intuitive app and web platform let you trade Shiba Inu (SHIB) effortlessly on any device. Available on web, iOS, and Android devices.
Registered with the OSC and compliant with Canadian Securities Administrators(CSA) regulations.
Newton is a Canadian platform, created specifically for Canadian users. It offers a safe and easy way to buy and sell XRP and other digital assets, ensuring that users have a trusted, locally tailored platform for cryptocurrency trading.
Visit Newton's signup page or download the app (available on iOS and Android) to create your account. Complete the quick and secure verification process using your government-issued ID to unlock full access to the platform.
Deposit funds into your Newton account using one of the following methods:
**Interac e-Transfer:** A fast and convenient way to fund your account, with deposits typically processed instantly or within 2 hours.
**Wire transfer:** Suitable for larger transactions. Wire transfers may take up to 3 business days to process.
Once your funds are deposited, you can start trading Shiba Inu (SHIB) and other cryptocurrencies.
Navigate to the trading section to begin.
Choose Shiba Inu (SHIB) from available cryptocurrencies.
Enter the amount of Shiba Inu (SHIB) coins you want to purchase in Canadian dollars (CAD) or Shiba Inu (SHIB). You'll see all fees and the exchange rate before confirming your trade.
Confirm your trade details to complete the transaction. The Shiba Inu (SHIB) tokens will appear in your Newton account shortly after.
You can also transfer your Shiba Inu (SHIB) tokens to external storage solutions. These include hardware wallets, which are physical devices that store your Shiba Inu (SHIB) offline, and software wallets, which are digital applications(desktop, mobile, or web-based applications) for storing and managing your Shiba Inu (SHIB). Always ensure that the wallet you choose supports ERC-20 tokens, as Shiba Inu (SHIB) operates on the Ethereum network.
Newton provides secure, institutional-grade custody for your Shiba Inu (SHIB). Most assets are stored offline in cold storage to protect against potential risks and are insured for added protection. You can easily access your Shiba Inu (SHIB) coins for trading or selling whenever you choose.
Your security is important. Newton is committed to being a leader in compliance, security, and technical protocols.
For additional information and to review the risks associated with Shiba Inu, please see our Asset Statement.
