Shiba Inu

Once you add your bank card to your Rain account, you can use it to buy Shiba Inu directly. You can start by adding your card to your payment options on your Rain account. To purchase Shiba Inu using your bank card, you can select Shiba Inu, click Trade then select Buy. Enter the amount you wish to buy and choose your card from the payment options. Click Next to review and complete your purchase by following the instructions on the screen.

note: The purchase option with debit or credit card is not available for our users in Turkey

Rain enables you to buy Shiba Inu using your local currency. You can deposit funds through bank transfer, a process which takes 1-4 business days depending on your location. You can start by depositing funds to your Rain account from your bank account. Simply click on Deposit and enter the amount you would like to transfer. Click next and copy the instructions that will appear on your screen to complete the transfer from your bank account. Note that Rain does not automatically pull funds from your bank account and you will need to manually transfer the funds from your bank account to Rain's banking information.

Within 1-4 business days, the funds will be available in your Rain account and you will be able to use them to complete purchasing Shiba Inu. To do that, you can select Shiba Inu in your Rain account, click Trade and select Buy. Enter the amount you wish to buy with and click Next to review and confirm your purchase.

This is an easy process that requires only a few clicks. Here are the steps needed to sell Shiba Inu successfully:

On your Rain account, select Shiba Inu then click Trade and select Sell. Enter the amount you wish to sell and click Next to review and confirm your sell transaction by entering an OTP. You will receive a confirmation email once the transaction is done with the details.

Rain gives you the opportunity to sell Shiba Inu and withdraw your funds from your Rain account to your local bank account. First, you need to add your personal bank account to your Payment Methods option on your Profile.

Once your bank account is added, you can sell Shiba Inu and withdraw the funds to your bank account by clicking on Withdraw and entering the amount you wish to withdraw. Click Next to review and confirm your withdrawal information by entering an OTP.

Once the withdrawal request is submitted, you will receive a confirmation email that the withdrawal is being processed. Processing your withdrawal request can take between 1-4 business days.

If you would like to receive Shiba Inu in your Rain account, simply click on Receive and select Shiba Inu from the list at the top of the page. You can then either copy the address visible at the botom of the screen or share the QR code to to complete your receive transaction.

Make sure that you are using the correct network when receiving Shiba Inu to avoid possible loss of funds.

Shiba Inu, often called SHIB, is a cryptocurrency that began as a meme token inspired by the Shiba Inu dog breed. It was launched in 2020 as an experiment in decentralized community building. Over time, it has grown into a large ecosystem with millions of holders, decentralized finance (DeFi) tools, and its own blockchain network called Shibarium.

Who created Shiba Inu and when? Shiba Inu was created anonymously in August 2020 by a developer who goes by the name Ryoshi. The project was designed as a community-driven alternative to Dogecoin, giving users full control over its growth and direction. Even after the founder stepped away, the Shiba Inu community continued to expand and build around the token.

What is SHIB used for? Originally, SHIB started as a meme coin with no specific function, but it has evolved into a utility token within the broader Shiba Inu ecosystem. Holders can use SHIB for payments, trading, and DeFi activities such as staking and liquidity farming. It’s also used in community projects, NFTs, and the ShibaSwap decentralized exchange.

How does Shiba Inu work? SHIB runs on the Ethereum blockchain as an ERC-20 token, which means that it benefits from Ethereum’s security and infrastructure. Transactions are processed by Ethereum validators, and SHIB can be stored in any wallet that supports ERC-20 tokens. The introduction of Shibarium, a Layer 2 network, now allows faster and cheaper SHIB transactions.

What is the Shiba Inu ecosystem? The Shiba Inu ecosystem includes several tokens and platforms. The main token is SHIB, and it is used for trading and payments. LEASH is another token but it is limited in supply and is used to reward holders. On the other hand, BONE is used for governance and staking within Shibarium. Additionally, ShibaSwap is a decentralized exchange where users can trade, stake, and earn rewards. Together, these parts make up a community-built DeFi network.

What is Shibarium and why does it matter? Shibarium is a Layer 2 blockchain built to improve SHIB’s scalability and lower transaction costs. It lets developers build apps, games, and DeFi services directly within the Shiba Inu ecosystem. This upgrade moves SHIB from being just a meme token to a platform that supports real on-chain utility and faster, cheaper transactions.

How many SHIB tokens exist? At launch, one quadrillion SHIB tokens were created. Half of them were locked in Uniswap for liquidity, while the other half were sent to Ethereum’s founder, Vitalik Buterin, who later burned most of them which removed over 400 trillion SHIB from circulation. Today, the total supply is much smaller, and the community occasionally burns tokens to reduce supply further.

What makes Shiba Inu unique? Shiba Inu stands out for its strong community and ecosystem expansion. What began as a lighthearted token evolved into a large decentralized network with its own DeFi and NFT projects. Its community-led development, consistent updates, and low entry cost have helped SHIB remain one of the most popular tokens among retail traders.

What are the advantages and risks of SHIB? SHIB offers a large, active community, a growing set of utilities, and integration with Ethereum’s ecosystem. However, it remains a high-risk and highly volatile asset, as its price often moves with market sentiment rather than fundamental value. Investors should trade SHIB cautiously and understand that its value can fluctuate significantly.

How can I buy or store SHIB on Rain? You can trade SHIB on Rain very easily. To buy SHIB, visit the buy page, and select your fiat account or your debit or credit card to complete your purchase within a few moments. We have created this step-by-step guide to walk you through the process. You can also send or receive SHIB through your Rain account, or store your SHIB using Rain’s secure custodial services. You can always refer to our 24/7 support for any questions or needed assistance.

Is it safe to hold SHIB on Rain? Yes. At Rain, your SHIB is protected by strong regulatory oversight, advanced security systems, and robust custody practices. As a licensed and regulated platform under the Central Bank of Bahrain and ADGM in the UAE, Rain maintains a strict 1:1 asset to funds ratio and undergoes independent audits to ensure transparency. However, some risks remain outside of Rain’s control, and customers are always advised to conduct their research before trading.