Hey what's up everybody! In this
video, I will be walking you through how to buy the shiba inu cryptocurrency in
just a few, simple steps. For this tutorial, we'll be using the Trust crypto and bitcoin
wallet. So, let's go ahead and get started. All right everyone. So the best and quickest way to
buy the shiba inu coin is through the trust wallet. The trust wallet is a decentralized wallet that
has access to decentralized applications, which we will be using or dapps for short. It's main
goal is to make crypto more accessible with an intuitive and easy to understand user interface.
We will need to first install the trust crypto and bitcoin wallet, which you can find in the app
store or google play store. And I just went ahead and search for the application.
When you do find
it it's important to ensure it's the right app and to watch out for imposter applications. I know
on the google play store, for example, it has over 5 million downloads and so I know this is the right
app and it's the trust crypto and bitcoin wallet. I actually already have the trust wallet
installed on my device and so I will go ahead and click open.
If this is your first
time using the trust wallet, you will be asked to create a new wallet and to
remember a 12 word recovery seed phrase that you will need to copy and keep in a safe
place. This step is extremely important in case you want to import your wallet to other devices
or if you ever get locked out of the trust app. Stuff like that. You can kind of think of this
12 word recovery phrase as a password to sign back in to your wallet and access your precious
crypto. You'll see that I actually don't have any shiba inu coin right now, but I do have some
ethereum and I also have some safe moons as well, which I'm pretty excited about. And if you're
wondering how to buy safe moons on the trust wallet, you can check out the video at the top of
your screen as well. I just recently did a tutorial. So just real quick, coming back to the shiba inu
token. So this is an experiment and decentralized and spontaneous community building the team and
admin are all volunteers and there was no pre-mine. You know they all bought shiba tokens just like
me and you.
So it's a really interesting experiment and it's definitely gotten a lot of traction and
popularity and so definitely a project that has kind of piqued my interest. So now that we are all
set up with our trust wallet, we are almost ready to buy some shiba. In order to buy shiba, we need to
first have some ethereum deposited in our wallet. We will then use ethereum to essentially swap it
for shiba using uniswap.
You won't be able to use bitcoin or binance coin to buy shiba. You can only
buy the shiba inu token via ethereum because it is an erc20 token on the ethereum network. So, if you
don't already have some ethereum, it's one of the largest cryptos out there behind bitcoin and is
you know really accessible and easy to purchase. You can buy it on the trust app itself. You'll
see this buy button here. Once you click in ethereum although right now it's been unavailable
to me and so i've been unable to buy it on the trust app. So it actually looks like it will let me
use simplex now, but you may encounter an error so you would just type in the amount of ether you
want to buy the looks like the default amount here is 150, but if you are having some issue i
know it's an extremely high demand and simplex doesn't always have some ethereum available.
can use you know one of my favorite exchanges uh which is binance um and I will put the link in the
video description below. And if you use that link, it helps support my youtube and will be greatly
appreciated. And if you're looking for a tutorial on how to buy ethereum step by step on the binance
exchange, you can check that out at the top of your screen as well for a quick guide. And of course if
you're in the united states, you will have to use the binance.us exchange to purchase ethereum. It's
extremely easy to sign up and create an account. I'll have those links in the video description
below. And again, it really helps support my youtube channel and would be greatly appreciated. So once
you have purchased some ethereum, I'm actually not going to step through that process here, but um
you know if you if you bought it directly on the trust wallet then you should be all set.
you purchase it on an exchange like binance or you know binance.us you will need to actually
send it to your trust wallet with this deposit address here. And I just clicked receive here and
you can find where to send out your ethereum. It only takes a few minutes for the ethereum network
to send your ether from the binance exchange or wherever to the trust wallet. So now that we have
some ethereum in our trust wallet, we are finally getting to the good part and our shiba inu
tokens are within reach in just a few more steps. We will now go to this dapps screen here right
next to wallet on a kind of at the bottom of your screen.
And we can we are going to search for
uniswap. I already have it in my history here, but it should show as one of the popular you
know apps here. And of course, here it is uniswap exchange. Uniswap is a protocol for automated
token exchange and just a little bit more color uh commentary on that if you're wondering what
in the world uniswap is. It's a completely different type of exchange that's fully
decentralized, meaning it isn't owned and operated by a single entity. It uses a relatively
new type of trading model called an automated liquidity protocol. So it has a ton of cool
features and functionality. I could talk all day about uniswap, but that's a little bit outside of
the scope of this tutorial. So go ahead and click uniswap to open the the dap. And ensure that you
have swap selected here at the top of your screen. And as you can see, we will be swapping some ether,
which I have a balance of about 0.039 or so eth available to swap.
And then, under the arrow here
we will select a token in that drop down menu and search for shiba here. And here it is shiba inu.
And I actually already went in and added this. You may be prompted to click through a warning if this
is your first time purchasing shiba because it's a relatively new coin. But go ahead and select uh
shiba here as s-h-i-b. Then enter in the amount of shiba coin you would like to purchase. And instead
of entering in the amount of shiba, I'm actually just going to enter in the amount of eth I want to
buy. So let's say I want to buy you know .0 let's say 0.01 eth. And you can see that will get me what
is that about 13 million almost 14 million shiba tokens, which is really uh you know a high amount
there. So you know, whatever you know amount you're comfortable with and you want to buy, just go ahead
and click swap.
And as you know cryptocurrency is extremely volatile, especially a crypto like shiba.
And so the price may change while you're in the middle of uh the middle of your purchase. So right
here just said price updated. I'm just going to go ahead and click accept. And you can just go ahead
and click come confirm swap here. And right now the looks like the slippage here I
need to adjust, so in the settings here in the top right you can go ahead and type in
you know the amount of slippage that you will find acceptable.
I think by default it's set to
0.5 percent. You may just want to increase that, especially for these kind of lower uh market
cap coins. So, I went ahead and adjusted that. I'm just gonna go ahead and try again and click
confirm. And here we go, um you can see the network fees are pretty high here, about 88. And
so I'm actually not going to confirm this swap, but if you're comfortable you know with the
network fees, then what you would do here is just click you know confirm swap. And right now,
it's actually showing I don't even have enough ether of in my balance, just because this network
fee is so high. So you know the ethereum network has been a little congested lately and they're
working on scaling and all that good stuff. So if you really want shiba, you may have to pay a
network fee and it's especially high right now around 89 dollars.
So that's really it and again,
if you encounter that error I did you just adjust that slippage fee with that settings uh gear icon
and adjust your slippage there. And then you are done! You should see your shiba safely stored in
your trust wallet. And so, let's actually go back to the wallet and if you don't see sheba here
listed in your wallet, what you'll have to do here in the top right there is a settings icon.
Again you will click that and just type in shiba and you just need to switch it and toggle
it to on. So there you have it! Just to quickly summarize, you'll need to first download and
set up the trust wallet. You will need to buy some ethereum from the trust wallet or another
exchange, such as binance exchange and send your eth to your wallet address on trust wallet. And
then you will go to your dapps and open up the uniswap dex and swap your ethereum for shiba
And that's it! I hope you found this video useful and now you know how to buy the shiba inu
cryptocurrency. I'd love to hear your thoughts and experiences with the coin and what else you are
looking at buying in the comments section below! If you have any questions at all, I'm extremely
active and more than happy to help you out. Just drop me a comment in the comment section below
and I'll get back to you in no time at all. And finally, if you like this video make sure you
give it a thumbs up, and if you really liked it make sure you click subscribe. Best of luck to all
of you moving forward and thanks for watching!