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Where to buy Shiba Inu (SHIB)?

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Shiba Inu (SHIB) is a cryptocurrency meme that, since the month began, has appreciated more than 900%, reached a new price record of US$ 0.000088, entered the ranking of the 10 largest cryptocurrencies in market value and left it to behind Dogecoin (DOGE), its main rival.

The Shiba Inu is an ERC-20 token built on the Ethereum network that began circulating on the market in August of last year, proclaiming itself the “Dogecoin Killer”.

The cryptocurrency, however, is considered a shitcoin by much of the crypto market. The lack of solid fundamentals, a very high supply of 1 quadrillion tokens, and the mystery of who the cryptocurrency creator is and his reputation all raise criticisms of the project.

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Despite this, the cryptocurrency has soared in popularity this year and has already been listed on major cryptocurrency exchanges. On foreign platforms, SHIB is available on Coinbase, FTX, KuCoin, Huobi Global and Bitfinex, as well as Uniswap and 1inch decentralized exchanges (DEXs).

Shiba Inu even has its own DEX called ShibaSwap. In addition to exchanging SHIB for other tokens from the Ethereum network, the user can also staking the cryptocurrency and earn rewards providing liquidity to the BONE pool, the project’s governance token.

In Brazil, the easiest way to buy Shiba Inu is through exchanges BinanceNovaDaxBitcoinToYou and OKEx. The four operate in the country and allow the user to deposit and withdraw funds in reais using a bank account, in addition to trading the cryptocurrency on the platform directly with the BRL pair.

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Binance

In Brazil and the rest of the world, Binance is the exchange that has the greatest liquidity in the market for Shiba Inu trading. This means that it will be easier for the user to find someone in the market to buy or sell their SHIBs.

In the Brazilian version of the broker, besides being possible to trade the SHIB directly with the real, the cryptocurrency is also available in the SHIB/BTC, SHIB/BNB, SHIB/BTC SHIB/USDT, SHIB/BUSD and SHIB/EUR pairs.

Binance charges 396838 SHIB withdrawal fee and the minimum amount of tokens that can be withdrawn is 793676 SHIB. To withdraw the balance at the brokerage in real, the fixed fee charged is R$2.60.

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BitcoinToYou

BitcoinToYou was the first 100% Brazilian exchange that started listing Shiba Inu (SHIB). Through an Instagram vote, the broker’s clients chose SHIB to join the platform in July.

The broker does not charge trading, custody and deposit fees. To withdraw the SHIB, however, a fee of 3933512.00 SHIB is charged and the minimum withdrawal is 3750322.00 SHIB. To withdraw the balance at the real estate brokerage, the fee is 1.89% + R$9.99.

NovaDax

Brazilian exchange NovaDax recently listed Shiba Inu on its platform in early October. At the launch, the exchange promoted a competition of traders that distributed R$500 in SHIB to users with the highest transaction volume of the asset.

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At NovaDax, the minimum amount of cryptocurrencies that can be withdrawn is 3,000,000 SHIB and the rate is dynamic. To withdraw the balance at the brokerage house in real, the fee is 1.29% + R$ 6.90.

OKEx

OKEx has had Shiba Inu listed since early May and was one of the first major exchanges to make the cryptocurrency available for trading. At the broker, however, it is not possible to trade SHIB with the pair in BRL, only with Tether (USDT), stablecoin paired with the US dollar.

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SHIB Community Burned About 2 Billion SHIB in November

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There have been a total of 7,409,202 $SHIB tokens burned and two transactions in the last hour.

According to shibburn, the SHIB community, dubbed the “SHIB Army,” burned about two billion SHIB in November. A total of 410,298,489,440,804 of the one quadrillion initial supply has been burned. Tokens that are burned are permanently removed from circulation. The decrease in circulating supply is predicted to raise the price of Shiba Inu in this instance.

According to Shiba Inu’s burn tracker, shibburn, a total of 410,296,586,422,853 SHIB tokens (41.02966%) have been burned from the initial supply of one quadrillion at the beginning of November.

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As of Dec. 1, this number had grown to 410,298,449,011,405 (41.02984% of the initial supply), representing a near 1.9 billion increase in tokens burned within the time frame.

Shiba Inu is about to undergo significant alterations that are likely to increase its value and boost its price. Shytoshi Kusama, the SHIB team’s lead developer, recently discussed the potential of Shiba Inu’s gameplay expanding into the “Metaverse.”

Gaming will also facilitate the burning process, as in-app purchases made from the Shiba Inu game will be used to burn a large amount of SHIB to lower the token’s supply. Currently, the SHIB supply is burned only when the owner of a Shiboshi NFT pays $100 in SHIB to change the NFT’s name.

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SHIB is trading at $0.00004230 as of press time.

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Shiba Inu Has Become Mainstream, Says Mark Zuckerberg’s Sister

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There’s room for two canine coins, according to Randi Zuckerberg

Randi Zuckerberg, a sister of Meta CEO Mark Zuckerberg, has recorded a short explainer about canine meme coins, which has been published on her official YouTube channel.

In her video, she weighed in on the surprising success of “Dogecoin killer” Shiba Inu, claiming that the token has gone mainstream.

Despite the rivalry between Dogecoin and Shiba Inu, Zuckerberg believes that there’s room for both of these canine coins:

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I didn’t even know there was room for one of those, but apparently there’s room for two.

The former Facebook spokesperson also mentioned numerous spinoffs of the two “flagship” canine coins, including Dogelon Mars.

She then recommended her viewers to “have some fun” with their crypto but not to bet their farm on meme coins, channeling the advice of Tesla CEO Elon Musk.

Earlier this week, Zuckerberg, a long-time crypto proponent, joined cryptocurrency exchange Okcoin as a member of its brand advisory council.

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Shiba Inu and Dogecoin are “worthless jokes” and shitcoin makers “should be arrested,” says Lobo of Wall Street

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Jordan Belfort, the former stockbroker whose memoir was turned into a film starring Leonardo DiCaprio, warned against investing in cryptocurrencies meme such as Dogecoin (DOGE) and Shiba inu (SHIB).

Belfort explained that “People are taking advantage of an unregulated market”, emphasizing that “The sooner governments come in, the better it will be for cryptocurrencies.”

Wall Street Wolf Advice on Dogecoin and Shiba Inu cryptocurrencies

Jordan Belfort, also known as the Wolf of Wall Street, has warned investors against putting money into cryptocurrencies meme such as Dogecoin (DOGE) and Shiba inu (SHIB), in an interview with The Sun, published this week.

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“I’m a blockchain fan, but there’s a lot of nonsense out there, a lot of shitcoins that are useless and exist just to separate people from their money,” he opined.

Wall Street Wolf on Dogecoin and Shiba Inu
Jordan Belfort characterized memecoins as shitcoins saying they have no real value – Source: REX

Belfort is a former stockbroker whose memoir has been adapted into a film titled “The Wolf of Wall Street.” Belfort founded Stratton Oakmont, which traded penny stocks and tricked investors with pump and dump stock sales.

He pleaded guilty to fraud in 1999 and was imprisoned for 22 months; he is now a motivational speaker. “I got greedy. …Greed is not good,” he said in 2014 at a motivational speech in Dubai.

Read too: Wall Street Wolf admits he was wrong about Bitcoin

The author of Wolf of Wall Street told The Sun:

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“You hear crazy stories of people making millions and billions, but for every person like that, there are 10,000 or 100,000 people getting their ** delivered to them in shiba inu… It’s not a suitable investment.”

Belfort added: “People are taking advantage of an unregulated market and creating shitcoins that have no value and no use.”

Both dogecoin and shiba inu have gained immense popularity in recent months. As of this writing, DOGE is the 10th largest cryptocurrency by market value and SHIB is the 13th largest.

Belfort then attacked investment projects like MILF coin and yummy coin, claiming that “unscrupulous people start coins and go into a chat room and say things that are flagrantly illegal.”

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He emphasized: “People should go to jail seriously – they are not legitimate. They will never work at all… My guess is someone will end up being indicted for these things. ”

Concluding: “The sooner governments step in, the better it will be for cryptography, because when authorities start to regulate a black market, it gets bigger and better.”

Read more:

NovaDAX is completing three years!

One of the largest cryptoactive brokers in Brazil turns three in November and you are the winner!

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There will be up to 30 zero rate currencies for transactions and more than 80 currencies listed, with instant cash withdrawal and high liquidity.

The cryptocurrencies at the best rates on the market! Simply activate the Novawards free program and enjoy reduced rates by up to 75%.

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