Shina Inu is a joke coin based on Dogecoin that has gained traction in the crypto world since its launch in 2020. Shiba Inu’s name and emblem, like Dogecoin, are drawn from a Japanese dog breed with a humorous viewpoint.
You’ve heard about Shiba Inu and wondered how and where to acquire it in Canada, whether you’re new to crypto or a seasoned pro. However, as a Canadian crypto trader, you must understand the most cost-effective method in order to buy Canada Shiba Inu to maximize your investment.
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What to look for in the best Crypto exchange for buying SHIB?
It’s evident that the aforementioned crypto exchanges in Canada differ significantly; selecting a decision can be difficult.
Consider the following factors when selecting the best crypto exchange for buying SHIB in Canada to make an informed decision.
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Supported coins
While all of the following crypto exchanges support the Shiba Inu currency, they also support a variety of other coins.
If you want to diversify your crypto holdings in the future, you should search for an exchange that offers a wide choice of coins.
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Trading fees
Trading fees vary depending on the exchange. Some companies impose trading fees, while others do not. You will save more money in the long run if you use an exchange that does not charge trading fees. Consider the spreads on the listed pricing as well.
The spreads on the buy and sell prices on crypto platforms that don’t impose a trading fee make up most of their revenue. That is to say, a crypto platform with trading costs should not be dismissed. It might as well have a lower total price.
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Deposits & withdrawal fees
Like trading fees, some crypto exchanges charge deposits and withdrawal fees while others don’t have prices. However, as you can see from above, virtually all the Canadian-based crypto exchanges don’t have deposits and withdrawal fees. The opposite is true with foreign exchanges.
Thus, you need to consider deposits and withdrawals fees when looking to make the most of your crypto investment, especially if you’ll be making frequent withdrawals.
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Funding options
Different crypto exchanges have other funding options. However, the standard funding options include:
- Interac e-Transfers
- Direct bank transfers
- Wire transfer
- Â Credit card/debit cards
- Â ATM deposits
- Â PayPal transfers
- External crypto wallet deposits
With this in mind, all you need is to go with an exchange that supports your convenient and preferred funding options.
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 Minimum investment
Finally, you should consider a crypto exchange’s minimum investment requirement before signing up. All of the SHIB buying crypto platforms mentioned in this article have modest balance requirements for new users. So starting with any of them with a small amount of money should not be a problem.
Where to buy Shiba Inu coin?
If your exchange doesn’t accept SHIB and you’re a newbie or experienced crypto trader, you might be asking where you can buy the coin in Canada. Like other crypto coins, Shina Inu is supported by several crypto exchanges in Canada. The funding choices, investment limit, trading costs, and deposit and withdrawal fees, on the other hand, differ. As a result, you’ll want to pick the best crypto exchange for you based on its characteristics.
1. Coinberry.com
Coinberry is a Canadian digital asset trading platform that allows users to purchase and sell Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Stellar most conveniently and securely possible. Coinberry’s secure and straightforward crypto platform allows you to buy, sell, and exchange cryptocurrencies on the web or through one of our apps.
- Number of coins: 29
- Minimum investment: $50
- Trading fees: $0
- Deposits & withdrawal fees: Free deposits and free withdrawals through e-Transfers and wire transfers. Crypto withdrawal fees vary.
If you’re looking for a low-cost and highly regulated crypto exchange in Canada, Coinberry may be your perfect option.
Coinberry is a PIPEDA, FINTRAC, and OSC-compliant insured Canadian crypto exchange with institutional-grade security.
Coinberry was founded in 2017 and currently supports 29 crypto coins, including Shiba Inu, Bitcoin, Ethereum, Cardano, and Litecoin. Free crypto trading, free deposits, and free withdrawals via e-Transfers and wire transfers set the crypto exchange apart from the competitors.
How To Buy Shiba Inu (SHIB) In Canada?
- Create a Coinberry account if you don’t have one
- Verify your identity and login into your account
- Â Fund your Coinberry account (through e-Transfers, wire transfers or crypto)
- Place an order for SHIB
- Transfer SHIB to your crypto wallet
2. Bitbuy
Bitbuy is a Canadian cryptocurrency exchange that was founded in 2016. Both iOS and Android versions of the platform are available, and both are simple to use. As a result, it’s an excellent pick for new investors. Investors mIn addition, investors, retain that they are working with a reliable broker because Bitbuy is a well-regulated platform.Â
Through its cooperation with BitGo, it provides full insurance. This is the world’s first digital asset trust firm, and it houses every cryptocurrency held in Bitbuy accounts. This means that your money is safe.
Bitbuy offers the top 15 cryptocurrencies. Bitcoin, Ethereum, Cardano, and, of course, Shiba Inu are among them. In addition, users can use Bitbuy’s Express Trade option to make immediate, no-hassle purchases, which is a beautiful feature to consider.
Bitbuy charges a 0.2 per cent commission on the purchase and sale of Express Trades. In addition, investors should be aware of a 1.5 per cent withdrawal and deposit fee. However, users will not be charged a fee if they deposit crypto from another wallet into their new Bitbuy account, which is a nice feature for those who already have digital assets.
Pros:
- Simple, secure trading
- Express Trade feature
- Trading view integration
Cons:
- Only supports 15 crypto coins
 3. Crypto.com
Crypto.com is our second choice for buying Shiba Inu Coins in Canada. The platform, created in 2016, now has over 10 million members, demonstrating its appeal. There are 250 coins supported, all of which can be traded on iOS and Android.
Crypto.com is our second choice for buying Shiba Inu Coins in Canada. The platform, created in 2016, now has over 10 million members, demonstrating its appeal. There are 250 coins supported, all of which can be traded on iOS and Android.
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