How to Buy Shiba Inu on Gate: Simple Steps and Investment Guide

Shiba Inu Coin (SHIB), as one of the most popular meme coins, once set an astonishing record with a market capitalization exceeding $40 billion. If you plan to join this high-risk, high-volatility crypto journey, Gate, a well-established platform with over 12 years of operation, supports over 3,600 cryptocurrencies, including SHIB, making it one of the reliable choices for entry.

Preparation Before Purchase: Registration and Account Verification

1. Create a Gate account by visiting the Gate official website and registering with your email or phone number.
2. Complete identity verification and enable two-factor authentication (2FA). Bind Google Authenticator in the “Security Settings” to significantly enhance account security.

Deposit Funds: Fiat and Cryptocurrency Recharge

After completing identity verification, funds need to be injected into the account:

• Fiat deposit (USD/CNY, etc.): Supports bank transfers, credit cards, and third-party channels. Click “Buy Crypto” → Select fiat currency type → Follow the instructions to make the payment.
• Cryptocurrency deposit (recommended USDT): Search for USDT on the “Wallet” page → Click “Recharge” to get the wallet address → Transfer funds from an external wallet. Gate uses cold wallet isolation and multiple auditing mechanisms to ensure asset security.

Two Ways to Buy SHIB

Spot Trading (Recommended)

1. Click on “Trade” at the top → Select “Spot Trading”.
2. Search for the trading pair SHIB/USDT.
3. Enter the quantity to buy in the order box on the right → Click “Buy SHIB”.
4. Confirm the fees and order details, and complete the transaction.

Credit Card Quick Purchase

1. Click “Buy Cryptocurrency” on the c2c page → Select “Credit Card Purchase”.
2. Choose the currency SHIB and enter the amount.
3. Complete the payment through various payment channels, and SHIB will be automatically credited to your account.

Risks and Investment Considerations for SHIB

• Extreme Price Volatility: SHIB’s all-time high reached $0.00008845, but it has experienced a monthly drop of nearly 90%, making it a highly risky asset.
• Limited Ecosystem and Utility: Although the ShibaSwap exchange and NFT projects have been built, its value still depends on community interest and lacks rigid application scenarios.
• Holding Security Recommendations: It can be stored on Gate, but 2FA and login verification should be enabled.

Conclusion: Participate Rationally in the Meme Coin Market

Buying SHIB through Gate takes only ten minutes, but investment decisions require more caution. Shiba Inu was born in August 2020 and triggered a speculative frenzy through community spread and celebrity influence (such as Elon Musk), however, its massive supply of 1 quadrillion coins has always been a resistance to continuous price increases. If you still wish to participate, please strictly adhere to the following principles:

• Only invest “spare money” that you can afford to lose;
• Use limit orders to control costs;
• Regularly keep an eye on the progress of the ShibaSwap ecosystem.

There are no absolute winners in the crypto market; small investments combined with strict risk control are the way to survive.