How To Buy Shiba Inu In Ghana

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How to buy SHIBA INU in Ghana

Want to buy SHIBA INU? Learn how to buy SHIBA INU in a few easy steps. As you might notice famous companies now also invest in cryptocurrencies, the time seems right to be ahead on the herd and own your own crypto-valuta like SHIBA INU.

The easy beginners guide will take you safely and step by step through the process of buying SHIBA INU. When you follow these steps you’ll own your first SHIBA INU today! How exciting!TIP! Before starting with the article below, make sure you create an account (within 1 minute) so you can follow the steps below directly.

How to buy SHIBA INU (SHIB) for beginners in Ghana

  • Step 1 – Create & secure an account
  • Step 2 – How much SHIBA INU SHIB should I buy?
  • Step 3 – Payment methods buying SHIBA INU
  • Step 4 – Trade or buy your first SHIBA INU
  • Step 5 – Prepare for the crypto future!
  • Step 6 – More information about buying SHIBA INU

Step 1 – Create an account

Binance is one of the largest platforms in the world. Big pro is that it is very simple to buy SHIBA INU on Binance. Just like when you’re trading normal fiat currency you pay a small commission on every trade you make and Binance has good rates. Once you bought SHIBA INU you can choose to keep your coins online or send them to a hardware wallet if available for your coins.

Below in super simple steps explained, how to create a new and safe account.
1.1 Safe account
Click on this link to go to Binance Exchange to create an account.

1.2 Strong password
Enter your email & strong password, tick off I agree to the Binance Term of Use and click register.

1.3 Verify your email address
After this step is completed a verify email will be send to you.
Check your inbox and confirm your email address

1.4 Secure your account
Awesome your Binance account is created! Now follow the next steps and make sure your account is 2FA secured. This is highly recommended.

What is 2FA?
With 2FA you will generate a security code every time you login with a new session. This will help to prevent other people to get access to your account. Most used 2FA authentication options are SMS and authenticator apps like Google Authenticator.

1.5 You’ve an account now!
You’re account is ready to use and buy SHIBA INU (SHIB)

Step 2 – How much SHIBA INU (SHIB) should I buy

The good thing on cryptocurrencies are that you can divide them and buy just a (small) piece. This way you still own your piece of SHIBA INU and you can use it or hold it.

To build up your confidence its good to test with a small amount of Ghana Cedi to learn about the process of purchasing SHIBA INU after that you know the process and can easy scale up your transactions and buy more SHIBA INU. (be aware of the fee’s that are involved when you buy and sell cryptocurrencies)

Two SMART reasons it’s good to be active on multiple exchanges

Smart to do is create multiple accounts at once. The demand of people are increasing fast and sometimes you want to trade quickly. Therefor its good to have accounts on multiple exchanges.

Another reason to have an account on multiple exchanges is that not all exchanges list the same cryptocurrency coins. When you discover a new coin that you want to buy with your Ghana Cedi (GHS) you don’t want to end up in line waiting for approval but just take action before the price goes up. 

Step 3 – Payment methods buying SHIBA INU

Binance has over 100 payment options to deposit money and purchase your SHIBA INU. Simply select your preferred currency (in your case from Ghana probably Ghana Cedi) and the payment option you want to use. Of course they also provide the most used payment methods like Credit Card, Bank Transfer & PayPal.

Note: every country has different payment options, simply login and check the payment methods for Ghana. In the cryptoworld and on exchanges like Binance you can’t buy every coin directly with FIAT currency. Therefor they created stable coins like Tether USDT.

These are cryptocurrencies you can buy to later swap them over to the currency you want to buy. Before buying your preferred coin its good to look-up what what coins are paired to the coin you want to buy.

Step 4 – Trade or buy your first SHIBA INU from Ghana

In the world of crypto and on exchanges like Binance you can’t buy every coin directly with FIAT currency. Therefor the exchanges created stable coins like Tether USDT.

These stable coins are cryptocurrencies you can buy to later swap them over to the currency you want to buy. The name stable-coin is from the USD as the price of these coins just use the price of the USD. Before buying your preferred cryptocurrency its good to look-up what coins are paired to the coin you want to buy. For example some coins only pair with Bitcoin and Ethereum other also pair with stable coins.

Benefit of using stable-coins
As some cryptocurrencies can be volatile stable coins are often linked to the USD. Therefore their price stays very similar what will reduce the risk while trading fiat currency into other crypto coins and visa versa.

Step 5 – Prepare for the crypto future!

As said in the beginning of this guide about buying SHIBA INU(SHIB), prepare yourself and create multiple secured accounts on exchanges. This way you will be ahead on the herd when you want to buy a new cryptocurrency that is not listed on the one exchange you’re on.

Where to buy SHIBA INU (SHIB) 

List of exchanges including our TOP 5 to buy SHIBA INU (SHIB) or other altcoins. Most of these exchanges have large trading volumes.

Step 6 – More information about SHIBA INU

DYOR – Do Your Own Research
When investing in SHIBA INU always make sure you do your own research on the coin, technology of the coin and the team behind the coin. Before you’re investing in a coin its important to do you your own research on the coin, technology of the coin and the team behind the coin.

DCA – Dollar Cost Averaging Strategy
Dollar Cost Averaging is a strategy that is famous in the investment- and crypto-world. It’s a tactic where you buy systematic a certain amount of a certain coin / investment you believe in. For example every month 100 Ghana Cedi. As you buy systematic it will reduce the emotional involvement and as you spread the money you invest you spread the risk of a changing market.Pro DCA

Invest small amounts

Less stress about fluctuating markets

Less chance on losses as you never buy full amounts on peaks

Cons DCA

Won’t make optimal trades as you don’t invest all on the bottom

Takes longer, as you’re not rich after one trade

If you DCA on one investment you can pick a loser investment what will only go down. Better is there to spread your investments while doing DCA.