Buying Shiba Inu (SHIB) in Canada is now easier than ever with more trustworthy Canadian specific options, and more international exchanges offering options to Canadian residents.
In this article, we will detail how you can purchase Shiba Inu (SHIB) and other cryptocurrencies from any province in Canada.
Things to Consider Before Buying SHIB in Canada
Before getting started, there are a few things to consider when you plan on buying Shiba Inu (SHIB) in Canada. These are important in helping you both choose the correct time, and the correct service to make your Shiba Inu (SHIB) purchase.
Market Position: This is a huge factor of course when you invest in any asset. Perhaps, even more, the case when you are buying Shiba Inu (SHIB). It is subject to more pronounced price movements than investing in stocks for example. In that case, you want to be fully aware of the market price at the time you are buying.
Trading Fees or Limits: These can vary from extremely competitive to very high depending on the service you choose to buy your Shiba Inu (SHIB) through. Always be sure to check for all fees and charges before making a purchase.
Service Reputation: While all of the services we have chosen are some of the most trustworthy around, you should be aware that not every Shiba Inu (SHIB) sales platform is as reputable. You can reduce your risk by making sure you perform your own due diligence.
Top Places to Buy Shiba Inu (SHIB) in Canada
CoinSmart
Though CoinSmart has only been in business since 2018, they have already developed a strong reputation for being a transparent exchange with good backing and credibility and is one of the best exchanges to buy Shiba Inu (SHIB). Canada has some of the most stringent regulations in place for user security, so immediately, knowing that CoinSmart is Canadian founded and based in Toronto is a positive.
The exchange is registered with FINTRAC, the national financial intelligence agency of Canada as a money services business and was recently granted restricted dealer registration with the Ontario Securities Commission along with all the other Canadian Securities Administration members.
Furthermore, the company is publicly traded having launched on the Canadian NEO stock exchange in November 2021. This listing, alongside the other regulatory frameworks in place at CoinSmart, ensures that they provide one of the most transparent, and well-regulated environments in Canada and worldwide for cryptocurrency trading.
Sign up with code: getcrypto and get C$20 of BTC when you fund your account.
They also offer: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Litecoin (LTC), Uniswap (UNI), Chainlink (LINK), Polkadot (DOT), Shiba Inu (SHIB), Dogecoin (DOGE), Bitcoin Cash (BCH), Stellar Lumens (XLM), and EOS (EOS).
Read our CoinSmart Review or visit CoinSmart.
Binance
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. They accept residents from all Canadian provinces excluding Ontario. As a Canadian trader, you can also use Binance to purchase Shiba Inu (SHIB). There are slight differences when it comes to using exchanges like Binance instead of purchasing your Shiba Inu (SHIB) directly as you can through the other services mentioned.
The main key differences are that in purchasing from Binance you can also buy from other traders in the market through the exchange. This can mean great value for you in terms of price and costs. Binance charges between 1% and 3.5% for direct Shiba Inu (SHIB) purchases using your credit, debit card, or bank transfer, though if you want to buy Shiba Inu (SHIB) using another crypto the fee can be as low as 0.1% from other traders on the exchange.
The process of getting started is also just as convenient. All you need to do is register with Binance and complete the KYC checks they have in place. For direct purchases, they partner with Simplex as a payment provider that also ensures your transactions remain safe and secure. It should take no more than a few minutes to complete your Shiba Inu (SHIB) purchase with Binance.
They also offer over 100 of the most popular cryptocurrencies, if you want to buy altcoins including Binance (BNB), this is a great option.
Ontario residents are prohibited.
For more details, you can see our Binance Review, or go directly to the Binance exchange to sign-up and start trading. Use Discount Code: EE59L0QP to claim a 10% cashback on trading fees.
KuCoin
KuCoin is a well-known name in the industry, and one of the most competitive in the sector when it comes to fees and trading costs. The exchange has grown exponentially from the early days of offering only crypto to crypto trading and they now offer a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
They currently offer Shiba Inu (SHIB) trading as well as over 300 other popular tokens. They are often the first to offer buying opportunities for new tokens.
Read our KuCoin Review or visit KuCoin.
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