About Shiba INU (SHIB)

SHIBA INU, created in August 2020 by an anonymous entity known as "Ryoshi," is a community-driven token and meme coin that serves as an alternative to Dogecoin. Named after the Japanese dog breed, SHIBA INU is part of the dog-themed cryptocurrency community, which includes Kishu INU, Dogecoin, BabyDoge, and Floki INU (FLOKI). The rise of SHIBA INU is supported by prominent figures like Vitalik Buterin and Elon Musk, who have expressed their admiration for SHIB on social media. The SHIB community is also engaged in a campaign with Amazon Smile to raise funds for providing shelter to Shiba Inu dogs, endearing the token to dog lovers. In July 2021, SHIBA INU expanded its ecosystem by launching ShibaSwap, a decentralized exchange where users can trade SHIBA INU and other cryptocurrencies. The ecosystem also includes Leash and Bone tokens, which have gained popularity since their introduction.

How does Shiba INU (SHIB) work?

SHIBA INU is a pre-mined decentralized token built on the ERC-20 blockchain. When it was launched, the SHIBA community locked 50% of the 1 quadrillion token supply on the decentralized exchange Uniswap for liquidity, while the other 50% was sent to Vitalik Buterin's wallet for safekeeping. In 2022, Vitalik burned 90% of his SHIB tokens and donated the remaining 10% to the Indian COVID-19 relief fund, managed by Polygon founder Sandeep Naiwal. Additionally, SHIBA INU operates ShibaSwap, a decentralized exchange where users can trade other cryptocurrencies for its governance token, BONE, as well as SHIB and LEASH, which are part of the SHIBA INU ecosystem. SHIBA INU is also planning to launch an NFT marketplace, allowing users to mint and trade new NFTs.

How to Buy Shiba INU in India?

There are many platforms where you can buy Shiba Inu in India. One such platform is Flitpay.

To buy Shiba Inu in INR, you have to sign up for the relevant application, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Through the linked bank account, deposit the amount of which you want to buy SHIBA INU and execute the SHIBA INU purchase.

You can instantly convert your Shiba inu to INR and INR to Shiba Inu and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

How do I convert Shiba INU (SHIB) to INR in India on Flitpay?

Buying and converting SHIB directly on Flitpay is a task of a few clicks using the Flitpay OTC platform.

If you have already made a SHIB purchase on Flitpay and want it to convert into INR, all you need to do is; sell it on Flitpay, and you will receive the INR in return. If you have your SHIB holding in another exchange, you will have to deposit your crypto on Flitpay and then execute the selling process to convert SHIB into INR.

To learn; how to deposit SHIB or any other crypto from another platform, refer to the link.

You can easily withdraw your converted INR through the instant bank withdrawal service provided by Flitpay in a breeze.

FAQs

What is Shiba INU (SHIB)?

SHIBA INU is a meme coin created by an anonymous individual or community, "Ryoshi." SHIB was created as an alternative to Dogecoin and considers itself a "Dogecoin Killer." Investors like Elon Musk and Vitalik Buterin backup SHIB's success. It is soon planning to introduce NFTs.

What is the Shiba INU coin price in India?

Check out the LIVE INR price of SHIBA INU in India on Flitpay.

Which is the best platform to buy Shiba INU (SHIB) coin in India?

The best platform and app to buy Shiba Inu (SHIB) or your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and withdrawals with a minimum deposit and withdrawal limit of INR 100.

Where can I buy a Shiba Inu coin in India?

The best platform to buy SHIBA INU or your favourite cryptocurrencies is Flitpay. Flitpay supports instant UPI and bank deposits and bank withdrawal with a minimum deposit and withdrawal limit of INR 100.

How to buy Shiba inu in India?

You can easily buy Shiba inu in India on the safest crypto exchanges like Flitpay, with the lowest fees.

To buy SHIB coin in India:

1. Register on Flitpay and create an account.
2. Verify your identity through Know-your-customer (KYC)
3. Add INR or Fiat currency, corresponding to the amount of SHIB you want to buy.
4. Instantly buy Shiba inu with the deposited funds

Is it safe to invest in Shiba INU (SHIB) in India?

Yes, investing and trading in Shiba Inu is Safe in India. Flitpay is one of the best platforms to invest and buy Shiba Inu in India. It offers the most real-time prices.

Can I buy Shiba INU Directly at Flitpay?

Yes, You can buy SHIBA INU  instantly at Flitpay with a minimum of INR 100.

What is the Shiba inu price prediction?

Read out the detailed blog for the Shiba Inu price forecast for the next bull run and the upcoming years.

Where can I deposit and withdraw Shiba inu crypto in India?

Your search for secure Shiba inu deposits and withdrawals ends here. Flitpay is India's most trusted exchange to facilitate hassle-free and Instant deposits and withdrawals of Shiba inu with minimal or no fees.