Buy Shiba Inu SHIB with PayPal via a crypto P2P exchange and no KYC

Buy Shiba Inu SHIB with PayPal via a crypto P2P exchange and no KYC

In this article, we will describe how you can buy Shiba Inu SHIB with PayPal via a crypto P2P exchange and no KYC needed.

Also, we cover what the Shiba Inu SHIB token actually is, how you can create a wallet to store your SHIB coins, the risks associated with P2P trading.

Whenever you have bought your Shiba Inu SHIB tokens you might want to deposit them to earn interest on them. See the best Shiba Inu SHIB interest rates and staking rewards.

 

What is Shiba Inu SHIB token?

Shiba Inu token cryptocurrency created in August 2020. It was founded by an anonymous person or group known as “Ryoshi“.

The name obviously comes from the Japanese breed of dog originating in the Chūbu region, the same breed that is depicted in Dogecoin’s DOGE symbol.

Similar to DOGE, SHIB is a centralized meme coin where a single whale control a large portion of the total supply.

Still, the cryptocurrency is very popular due to it´s meme status and incredible increase in value over 2021.

How to create a Shiba Inu SHIB wallet?

Before you can buy any Shiba Inu SHIB, you must have a wallet where you can deposit or receive your tokens.

There are a few different wallets on the market now but the best ones are listed in the table below.

Wallet

Hard-/Software

Signup

Atomic Wallet logo

How to buy Shiba Inu SHIB with PayPal via a crypto P2P exchange?

Once you have your wallet, you are ready to buy Shiba Inu SHIB with PayPal on a peer to peer exchange.

The instructions are similar to whatever crypto you would like to buy on Bitvalve P2P exchange.

  1. Create an account with Bitvalve
  2. Sign in to your Bitvalve account
  3. Go to marketplace
  4. Click on the Shiba Inu Icon and select PayPal as payment method
  5. Select what fiat currency you prefer to pay with or leave blank. Now your screen should look similar to the print screen below with all available SHIB sellers accepting PayPal are listed.

When you sign up with Bitvalve you will get 10 BTV tokens for free

4. Continue by clicking on a selling option. You will now find additional information regarding the exchange as you can see in the screenshot example below.

5. From this screen you can continue by enter the amount you want to buy (this is not visible in the screenshot but should be in your Bitvalve screen now).

6. Click on “Start Trade” and follow the instructions

Buy Shiba Inu SHIB with PayPal via Bitvalve P2P exchange and no KYC information about the trade

More P2P Exchange for other Cryptos

Once you have your wallet, you are ready to buy Shiba Inu SHIB with PayPal on a peer to peer exchange.

Exchange

Pros

Cons

SignUp

Risks with buying SHIB via a P2P Exchange

There are certain risks involved to buy cryptovia a P2P exchange. Buying Shiba Inu SHIB is not an exception.

What are the risks?

P2P exchanges can involve a certain risk there are in-person trades involved and a certain degree of anonymity.

There is a verification procedure on the P2P exchanges to a certain extend but you never know the person sitting on the other side of the screen, selling you Bitcoins or buying your Bitcoins.

Of course, P2P exchanges have a process to minimize frauds and bad behavior since this is their businesses. However, a P2P exchange can never ‘guarantee’ that all their users are trustworthy, especially in the deals that happen outside the website.

That is why users need to be careful while making in-person cash payments. Check online forums and reviews.

When you sign up with Bitvalve you will get 10 BTV tokens for free

Pros and Cons with buying SHIB via a P2P Exchange

See listed pros and cons with buying SHIB via a crypto P2P exchange below.

There are mainly two reasons to prefer a P2P over a centralized exchange

  1. The centralized exchange will not accept you as customer 
  2. The centralized exchange will not accept your payment method as a deposit option

If you don´t fall into any of the above categories you might want to consider check our Bitcoin exchange reviews since you will get better deals here.

 

Pros Buying SHIB on a P2P Exchange

Pros buying SHIB on a P2P exchange

  • Cryptos are accessible in countries where the government doesnt support them
  • Many deposit options
  • Small purchases are available without ID

Cons Buying SHIB on a P2P Exchange

There are some Cons associated with buying on a peer to peer exchange

  • High fees
  • Limited volumes

When you sign up with Bitvalve you will get 10 BTV tokens for free

How to earn interest on Shiba Inu SHIB holdings?

If you plan to HODL your Shiba Inu SHIB tokens you might want to earn interest on them.

With Binance Earn and Crypto.com you can get around 5% interest if you deposit your SHIB tokens and lock them for a certain period.

Also, with Crypto.com you can get a sign up bonus worth $25. Read more about the best Shiba Inu SHIB interest rates and staking rewards.

 

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