Cryptocurrencies have grown so exponentially that they are now identified among categories such as meme coins, AI coins, metaverse coins, and many others. Among all, the most highly spoken and apparently gaining all attention are the top meme coins namely DOGE and SHIB. These coins have not only amazed the traders, but also forced companies to accept that they are the real deal.

Shiba Inu, popular as “Shiba,” has turned out to be a big thing in the world of crypto since its launch in 2020. This token popped out in the market as “Doge Killer.” Named after the famous breed of dog in Japan, Shiba was actually an experiment in decentralized community building. Sibha Inu stepped into the game as an ERC-20 token in August 2020, tailored by a pseudonymous creator group or person- Ryoshi. After its launch, the token took a decent amount of time to grab the attention of the investors. It wasn’t always as well-known as it is now, but as time passed online, fans of the ShibArmy-SHIB currency pumped the coin, making it the second-largest meme-coin in terms of market cap.  This post will guide you through the process of selling SHIB tokens on the eToro platform.

What makes Shiba Inu Unique?

• Shiba Inu operates a decentralized network. Therefore, no entity can manipulate this token, its transactions, or its development.
• The ladder of Shiba Inu’s success stands on the foundation of its community. The token’s creators aimed to tailor a passionate consumer base that can actively make a contribution to the token’s boom.
• Shiba Inu is not just a simple token. It aims to craft a grand ecosystem loading up several important components like Shibarium, a layer two blockchain, ShibSwap-DEX, Shibashis, an NFT series, and Shib Metaverse.
• As part of its integrated deflationary model, the SHIB coin routinely burns a chunk of each transaction, consequently balancing the complete quantity of the token.

Let’s now understand how to use eToro for our benefit.

Selling Shiba Inu Using eToro

1. Create an eToro Account:

• To register for an eToro account, go to the etoro.com website and select the “Join Now” or “Sign Up” button. After signing up, you will be directed to the registration page.
• Fill in the required blanks with your name, email address, and password.
• The verification procedure can be finished by submitting the required paperwork, including identity and proof of address. eToro fulfills KYC (Know Your Customer) requirements to guarantee legal compliance.

2. Deposit Money:

• After successfully opening an eToro account, log in with the credentials given to access your dashboard.
• Upon logging in, the platform will display several alternatives. Click the “Deposit Funds” button to add money to your eToro account.
• Choose the payment option, such as a credit/debit card, bank transfer, or e-wallet. Select the solution that best satisfies your requirements and has the required funds.
• Once sure, carefully follow the instructions on the screen to complete the deposit process.

3. Search for Shiba Inu (SHIB):

• Once your account has been financed, find the search box on the eToro platform and enter “Shiba Inu (SHIB)” into it.
• To find the SHIB trading pair, type “Shiba Inu” or the symbol “SHIB” into the search bar.
• To reach the specific SHIB trading page, click on the trading pair or SHIB listing. You can discover comprehensive information about SHIB here, including charts, order books, and the current market price.

4. Sell SHIB Tokens:

• You can analyze the current market price and other important details regarding SHIB trading on eToro on the SHIB trading page.
• Clicking the “Sell” button will start the selling procedure. Clicking the button will launch an order form or trade ticket.
• Indicate how many SHIB tokens you want to sell, in quantity or number.
• Before approving the sale, carefully review the transactional specifics, including the associated fees.

5. Confirm the Sale:

• Verify the specifics of your sell order, including the amount, the asking price, and the anticipated selling revenues.
• Review the transaction to make sure it complies with your goals.
• Click the “Confirm” or “Sell” button to carry out the sale of your SHIB tokens if everything appears to be in order.

Best Time to Sell Shiba Inu

It might be difficult to predict the best time to sell Shiba Inu (SHIB) tokens due to the unpredictable nature of cryptocurrency markets. The ideal strategy is conducting in-depth research, monitoring market trends, and staying current with pertinent SHIB news and releases. It’s crucial to keep educated and base your decisions on your unique investing goals and risk tolerance because market conditions can change quickly.

Conclusion

On eToro, selling Shiba Inu (SHIB) tokens is simple. You can effectively sell your SHIB tokens by opening an eToro account, making a deposit, looking for the SHIB trading pair, and putting in the sell order. It is necessary to stay updated about market conditions and make wise selections to maximize your selling approach.

Frequently Asked Questions (FAQs)