How to Buy Shiba Inu Coin (SHIB) in the UK Using the Poloniex Exchange
Shiba Inu Coin (SHIB) is one of the most popular meme-inspired cryptocurrencies in the world. Originally launched in 2020 as an Ethereum-based token, SHIB quickly gained global attention for its low cost, massive community, and growing ecosystem.
If you're in the UK and looking for an easy way to buy SHIB, Poloniex is a reliable platform that offers fast trading and low fees.
In this guide, you'll learn:
- What SHIB is and why it's popular
- How to buy SHIB step-by-step on Poloniex
- Where to trade or sell SHIB
- Fee structure and how Poloniex calculates it
🐕 What Is Shiba Inu Coin (SHIB)?
SHIB is a decentralized cryptocurrency running on the Ethereum blockchain. It was created as an experiment in community governance and is part of a broader ecosystem that includes ShibaSwap, LEASH, BONE, and the upcoming Shibarium blockchain.
🔥 Why It’s Popular:
- Extremely low-cost entry for beginners
- Huge and active global community (SHIB Army)
- Available on major exchanges
- Growing use cases in DeFi, NFTs, and staking
- Frequent token burns to reduce supply
🛒 How to Buy SHIB in the UK on Poloniex
Poloniex is a well-established crypto-to-crypto exchange. To buy SHIB, you’ll first need to fund your account with a crypto like USDT, then trade it for SHIB.
✅ Step-by-Step Guide:
- 👉 Create your Poloniex account here
- Verify your email and secure your account with 2FA
- Deposit USDT, ETH, or BTC into your Poloniex wallet
- Go to the Markets tab
- Search for SHIB/USDT
- Choose a Market Order (instant) or Limit Order (custom price)
- Click Buy SHIB, confirm the order, and you're done!
💡 Note: Poloniex does not currently support direct fiat deposits, so use another exchange like Binance UK or Coinbase to buy USDT and transfer it to your Poloniex wallet.
🔁 Where to Trade or Sell SHIB for Other Cryptocurrencies
Once you hold SHIB on Poloniex, you can:
- Swap it for other cryptocurrencies like ETH, TRX, or DOGE
- Withdraw it to your private wallet (Trust Wallet, MetaMask, Ledger)
- Send it to another exchange to sell for GBP (e.g. Binance or Kraken)
If you prefer peer-to-peer selling, platforms like Paxful or LocalBitcoins are also available — but be cautious and verify the buyer’s credentials.
💸 Poloniex Fee Structure Explained
Poloniex uses a maker-taker model to calculate trading fees, based on 30-day trading volume and whether you’re adding or removing liquidity.
📊 Fee Overview:
| Trading Volume (30 days) | Maker Fee | Taker Fee |
|---|---|---|
| < $50K | 0.09% | 0.10% |
| $50K - $1M | 0.07% | 0.08% |
| > $1M | Lower fees tiered by volume |
-
✅ No deposit fees
-
✅ No withdrawal fees for most cryptos (only network fees)
Fees are calculated hourly and updated based on your activity.
📍 Always check the official Poloniex fee page for the most recent info.
✅ Final Thoughts
Shiba Inu Coin (SHIB) is a top choice for UK investors interested in meme coins with real ecosystem development. Poloniex offers a secure, flexible, and low-fee environment to buy, trade, and store SHIB — especially if you already hold USDT or ETH.
🚀 Ready to Start?
🔗 👉 Buy SHIB on Poloniex – Sign up now
Join the SHIB Army and explore one of the most active crypto communities today!
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