Welcome to our complete FAQ about Shiba Inu (SHIB) — short, honest answers to the most common questions people ask.
No hype, no jargon — just clear information to help you understand SHIB better.
1. What is Shiba Inu Coin?
Shiba Inu (SHIB) is a cryptocurrency inspired by the Shiba dog meme, created as a decentralized community project.
2. Who created Shiba Inu?
It was created by an anonymous developer known as Ryoshi in 2020.
3. When was Shiba Inu launched?
Shiba Inu was launched in August 2020.
4. Why was Shiba Inu created?
It was made as an experiment in decentralized community building.
5. What is the symbol for Shiba Inu?
The symbol for the coin is SHIB.
6. How does Shiba Inu work?
It runs on the Ethereum blockchain as an ERC-20 token.
7. Is Shiba Inu a meme coin?
Yes, it started as a meme coin but has evolved into a real crypto ecosystem.
8. What blockchain is SHIB built on?
Shiba Inu operates on the Ethereum network.
9. How many SHIBA tokens exist?
There are around 589 trillion SHIB in total supply.
10. What makes Shiba Inu different from Dogecoin?
SHIB is built on Ethereum and offers staking, DeFi tools, and more tokens like BONE and LEASH.
11. How can I buy Shiba Inu Coin?
You can buy SHIB on major exchanges such as Binance, Coinbase, or Crypto.com.
12. What is the easiest way to buy SHIBA?
Create an exchange account, deposit funds, and search for “SHIB” to trade.
13. Can I buy SHIBA with a credit card?
Yes, most exchanges support credit or debit card purchases.
14. Which exchanges support Shiba Inu?
Almost all major exchanges, including Binance, Coinbase, and KuCoin.
15. Can I buy SHIBA on Binance?
Yes, SHIBA is available for trading on Binance.
16. Is Shiba Inu available on Coinbase?
Yes, you can buy SHIBA directly on Coinbase.
17. How much does it cost to buy SHIBA?
It costs only a fraction of a cent per token — prices change every second.
18. What is the minimum amount I can buy?
You can start with just a few dollars — there’s no strict minimum.
19. Can I trade SHIBA for Bitcoin or Ethereum?
Yes, most exchanges allow you to swap SHIB for BTC or ETH.
20. Do I need a wallet to buy SHIBA?
Not necessarily — exchanges hold your tokens, but personal wallets are safer.
21. What wallets can hold Shiba Inu?
Any wallet that supports ERC-20 tokens, like MetaMask or Trust Wallet.
22. Is SHIBA safe to store on an exchange?
It’s convenient but not the safest — wallets give you more control.
23. How do I transfer SHIBA to my wallet?
Copy your wallet address and send SHIB from the exchange withdrawal page.
24. What is the best wallet for beginners?
MetaMask and Trust Wallet are easy to use and popular choices.
25. Can I lose my SHIBA coins?
Yes, if you lose access to your wallet or send them to a wrong address.
26. How can I keep my SHIBA safe from scams?
Never share your seed phrase and always use official exchange links.
27. Does Shiba Inu have its own wallet?
Yes, the Shiba ecosystem launched Shibarium Wallet for its network.
28. What happens if I send SHIBA to the wrong address?
Unfortunately, crypto transactions can’t be reversed — always double-check.
29. Can I recover lost SHIBA tokens?
No, once sent incorrectly, they’re permanently lost.
30. Are hardware wallets better for SHIBA?
Yes, hardware wallets like Ledger or Trezor offer the best security.
31. What is SHIBA staking?
Staking means locking your SHIB tokens to earn passive rewards.
32. How do I stake Shiba Inu?
Use ShibaSwap or a supported exchange that offers SHIB staking.
33. Where can I stake SHIBA safely?
ShibaSwap, Binance Earn, and Crypto.com are trusted platforms.
34. What are the rewards for staking?
Rewards vary by platform and depend on how long you stake.
35. Can I unstake my SHIBA anytime?
Yes, but some platforms have minimum lock periods.
36. Is staking SHIBA risky?
Yes, there’s always some risk — prices and rewards can fluctuate.
37. How much can I earn from staking SHIBA?
Earnings depend on the staking period and the platform’s reward rate.
38. Does ShibaSwap allow staking?
Yes, ShibaSwap is the official platform for staking SHIB, BONE, and LEASH.
39. What is BONE token used for?
BONE is used for governance and as gas fees on Shibarium.
40. What is LEASH token?
LEASH is a limited-supply token that rewards long-term supporters.
41. What is Shibarium?
Shibarium is Shiba Inu’s own layer-2 blockchain that lowers fees and increases speed.
42. How does Shibarium help SHIBA grow?
It gives SHIB real utility and supports apps, games, and DeFi projects.
43. What is ShibaSwap?
A decentralized exchange built for SHIB holders to trade, stake, and earn.
44. What does “SHIBA burn” mean?
It means permanently removing SHIB tokens from circulation.
45. How does burning SHIBA affect price?
Burns can reduce supply, which may help price stability over time.
46. Can SHIBA be used for payments?
Yes, some online stores and payment processors now accept SHIB.
47. Are there games or NFTs connected to SHIBA?
Yes, the SHIBA ecosystem includes NFT projects and games.
48. What is the SHIBA metaverse?
A digital world being built where SHIB holders can own and trade virtual land.
49. Can SHIBA reach $1 someday?
It’s unlikely soon due to the large supply, but growth depends on burns and adoption.
50. What is the future of Shiba Inu?
SHIBA aims to evolve beyond a meme into a full crypto ecosystem with real use cases.