How to buy Shiba Inu Coin on trust wallet? What is Shiba Inu Coin and trust wallet?
What is Shiba Inu Coin?
Shiba Inu is a decentralized experiment to spontaneously create a community. SHIB claims to be the “DOGECOIN KILLER” and will surpass Dogecoin in a short period.
SHIB is an ERC20 token that was issued on the Ethereum BlockChain. It is based on the Smart Contact application. There is a total of 10 trillion SHIB tokens in circulation.
The official website states that 50% of their total supply of tokens has been locked in the Uniswap wallet, and with no access to the associated private key.
The remaining 50% of tokens were destroyed to the V-God address, which means that users have to buy them in the open market. The team lost their private key which means giving up on their management right.
Since the price of SHIB is very low, users can hold billions or even trillions of units of SHIB.
Additionally, SHIB will also be the first token to trade on ShibaSwap, a decentralized exchange center as its incentive cryptocurrency.
What is Trust Wallet?
Trust Wallet is a mobile cryptocurrency wallet that stores different coins and tokens. Trust Wallet supports all Ethereum ERC20 tokens as well as other coins like Bitcoin, Bitcoin Cash, Litecoin, and EOS.
It’s an open-source mobile wallet with a built-in exchange for all these coins. You can also use it as an ETH token wallet if you don’t want any other coins besides ETH.
How to Buy Shiba Inu Coin on Trust Wallet?
Since the Shiba Inu Coin has been launched, it has been gaining a lot of attention from investors. People are starting to wonder how they can buy this cryptocurrency with their Trust Wallet.
If you would like to buy a SHIB token on the Trust Wallet, there are three main steps involved. You should install the Trust Wallet app on your smartphone first. Then you can buy or transfer Ethereum to Trust Wallet where you can swap Ethereum for the SHIB tokens. We have summarized the detailed steps as the following so to make buy SHIB on Trust Wallet without hassle.
The first step is to download and install the Trust Wallet app on your mobile devices, then register for an account by creating a new wallet and accepting their terms and policies.
You will see the 12-word recovery phrase that you need to save it somewhere. When you click the “Next” button, you are required to enter that 12-word recovery phrase for the new account created successfully.
Once your new Trust Wallet account is ready, you need to enable DApps by going to Settings, Preferences, DApps Browser, then click “Enable”.
To buy SHIB in Trust Wallet, you should either “Buy Ethereum” or transfer Ethereum from other wallets if you already have. Then we use ETH to swap for SHIB.
To swap SHIB, you can open the DApp browser at the bottom and select Uniswap to exchange ETH to SHIB.
If you would like to exchange ETH to SHIB only, you can make the process simple by disabling other coins. Just go to the “Option” button on the right top corner of the home page, then enable and disable any cryptos you want. Now, the home screen will only display these two cryptos so that you can easily access them without having to scroll through a long list.
Once you click the “Confirm” button to finalize the transaction, the SHIB token should be stored in your Trust Wallet now.
