Worried you missed out on Shiba Inu and Dogecoin? There are still many other exciting dog-based meme-coin projects on the market with plenty of room for growth. SHIBACASH is one such project recently launched on the quickly growing Binance Smart Chain (BSC) blockchain.
In this easy step-by-step guide, we will show you exactly how and where you can buy and store SHIBACASH in the easiest way possible.
What is SHIBACASH?
SHIBACASH is a dog-based meme-coin (similar to Dogecoin and Shiba Inu), as well as a community-based Defi (decentralized finance) project.
SHIBACASH was launched on Binance Smart Chain in May 2021 with unique deflationary tokenomics, meaning the total supply diminishes as tokens are voluntarily burned by the participating community. Since SHIBACASH runs on Binance Smart Chain it is naturally a BEP20 (BSC standard) token.
In terms of decentralized finance, SHIBACASH offers staking for users on its native platform and is looking into implementing more advanced Defi offerings in the near future.
If this sounds interesting to you, read on to learn the easiest and best ways for you to buy and store SHIBACASH in this step-by-step guide.
Step 1: Register on Fiat-to-Crypto Exchange
Before you can buy and sell cryptocurrencies such as SHIBACASH you will need to register on a fiat-to-crypto exchange. These exchanges provide a safe and regulated way to exchange your fiat money (such as dollars) for cryptocurrencies like BTC or SHIBACASH.
We recommend using CryptoWallet, which is an excellent option for a fiat-to-crypto exchange. The CryptoWallet app is available on both Apple and Android devices. It provides a seamless user experience tailored towards beginners and will walk you through the registration process in no time. On top of this CryptoWallet offers a variety of unique features including a crypto debit card that lets you spend your crypto-like money anywhere that accepts debit payments.
Once you have downloaded the app and completed registration you are ready to move on to the next step.
Step 2: Buy BTC with Fiat Money
On your way to buying SHIBACASH, you will need to purchase an intermediary cryptocurrency to move from fiat into crypto and eventually trade for SHIBACASH in the next step.
CryptoWallet currently allows you to buy five major large-cap cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT) using your debit or credit card. This makes purchasing major cryptocurrencies as easy as regular online shopping.
We recommend purchasing BTC to start with since it is the most widely accepted cryptocurrency and the easiest one for you to trade with.
After you’ve made your purchase of BTC you can move on to the next step to learn how you will exchange it for SHIBACASH.
Step 3: Transfer BTC to an Altcoin Exchange
Usually, you would be able to trade your BTC directly for your desired cryptocurrency. However, since SHIBACASHI is a relatively small and niche cryptocurrency, it will require one additional transaction which will also be included under this step.
The first thing you will need to do is sign up for an account on the altcoin exchange Binance. Since you will be swapping crypto-for-crypto you will not need to complete an extensive registration process on Binance, so the sign-up should not take very much time.
Once signed up on Binance you can transfer your BTC from CryptoWallet to Binance and swap it for BNB (the native cryptocurrency of the Binance Smart Chain). To do this, find your Binance BTC receive address, then paste it into the ‘Send To’ field on the CryptoWallet app. Once the BTC has arrived you can search for the BTC/BNB trading pair and execute your trade.
Now that you have BNB you can transfer it for SHIBACASH using a Binance Smart Chain (BSC) decentralized exchange (DEX) such as Pancakeswap. First, you will need to move your BNB to a wallet supported by Pancakeswap. We recommend MetaMask since it is well known and easy to use. After downloading MetaMask you can send your BNB from Binance to your BSC wallet on MetaMask.
Now for the last part of this step, connect your MetaMask wallet with BNB to Pancakeswap, search for the BNB/SHIBACASH trading pair and execute this trade.
Congratulations, once the trade has been completed you will be the proud owner of SHIBACASH in your MetaMask wallet.
Step 4: Store SHIBACASH Securely
The last step is for you to find a secure option to store your SHIBACASH. There are generally two major options for storing cryptocurrencies like SHIBACASH: software (hot) wallets and hardware (cold) wallets.
CryptoWallet is an excellent option for a software wallet that supports large-cap cryptocurrencies. This is due to its unique feature set including a crypto debit card that allows you to spend your crypto anywhere that accepts debit payments. Unfortunately, since CryptoWallet does not support SHIBACASH it is not an option here.
You also have the option of storing SHIBACASH in your MetaMask wallet where it is currently stored. For smaller amounts, or if you require regular access this is not a bad option. However, it is important to consider that MetaMask stores your keys within your browser and is therefore not the most secure option for large amounts of funds. In this case, we recommend using a hardware wallet such as a Ledger or a Trezor, which will provide the added security of storing your keys offline. Just make sure the hardware wallet you choose supports BSC tokens such as SHIBACASH.
Other Useful Tools for Trading SHIBACASH
Other useful tools for trading SHIBACASH include price-feed tools like CoinGecko.com and CoinMarketCap.com. These tools provide you with a real-time price chart and statistics such as current market cap and trading volume. In addition to this, CoinGecko and CoinMarketCap will provide you with a list of exchanges currently trading SHIBACASH as well as the trading pairs they support.
Can I buy SHIBACASH with cash?
Unfortunately, you cannot buy niche cryptocurrencies like SHIBACASH directly with cash. However, a cash-like way to purchase SHIBACASH is to use your debit or credit card to purchase BTC on CryptoWallet and then trade that BTC for BNB on Binance. Once you have done this you can use a wallet that supports PancakeSwap to trade BNB for SHIBACASH.
Are there any quick ways to buy SHIBACASH in Europe?
The quickest way for you to buy SHIBACASH in Europe is to use the CryptoWallet app which will allow you to buy Bitcoin (BTC) directly with your debit or credit card. Once you have completed this purchase you can easily swap your BTC for BNB on Binance and use a wallet that supports PancakeSwap to trade BNB for SHIBACASH.
Are there any alternative platforms to buy SHIBACASH or Bitcoin with credit cards?
While the combination of CryptoWallet, Binance, and PancakeSwap is likely the easiest and best option, other options may exist. You should do your own research as to which option is best for you and what the potential trade-offs are for your chosen platform.