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Swapping Bitcoin (BTC) for Shiba Inu (SHIB) is easy and safe when you use your Zengo wallet. With just a few clicks, you can trade BTC, the world’s most popular cryptocurrency, for SHIB, an Ethereum-based meme coin with one of the industry’s most massive token supplies.
Bitcoin (BTC) has been referred to as one of the most significant developments in cryptocurrency and global finance of our time. BTC was created in 2009 by an anonymous figure or group called Satoshi Nakamoto. The currency quickly caught on and became the world’s first successful decentralized cryptocurrency. Bitcoin’s quick fame came from how it provides a distinct platform that lets people trade BTC tokens for various goods and services. Its decentralized and anonymous nature makes it one of the most secure ways to transfer funds. The Bitcoin blockchain network is also one of the world’s largest, with thousands of nodes available worldwide. Furthermore, Bitcoin uses a proof-of-work consensus mechanism, which means all transactions go through an extensive verification process before being added to a block to be mined.
Shiba Inu (SHIB) is an ERC-20 Ethereum-based token made mainly as an alternative to Dogecoin (DOGE), and for that reason, it is sometimes referred to as the “Dogecoin killer.” The currency was formed in August 2020 by an anonymous entity known as Ryoshi and takes its name from the Shiba Inu Japanese dog breed. SHIB is considered to be a “meme token” designed to criticize the crypto market, but it has a distinct layout. The goal of Shiba Inu is to create a currency entirely run by its community. SHIB works in the Ethereum ecosystem, unlike DOGE. The most prominent part of Shiba Inu is that it has a massive supply that started with one quadrillion tokens, whereas Bitcoin will always have a coin limit of 21 million coins.
It’s easy and safe to trade Bitcoin (BTC) for Shiba Inu (SHIB) with Zengo. First, download the Zengo app from Google Play or Apple App Store and install it on your device. Follow the setup process to get your account ready.
After you install the Zengo app, you can use these steps to trade BTC for SHIB:
Open the Zengo app and tap the “Actions” option at the bottom.
Select the “Trade” option.
Select BTC and SHIB, and then the amount you will swap. Be sure you’re specifying which one you want to trade and receive.
Tap to confirm. Zengo will notify you when the trade is complete.
The Zengo next-gen cryptocurrency wallet app makes it easy to swap Bitcoin for Shiba Inu. Here’s a look at what makes Zengo the preferred choice among thousands of crypto traders:
As a Web3-ready wallet, Zengo enables you to buy, sell, send, receive, and swap many of the world’s top cryptocurrencies, such as Bitcoin, Ethereum, Polygon, Chainlink, and Dogecoin. The Zengo wallet also allows you to store your NFT collection. On top of that, through WalletConnect, Zengo allows you to access NFT marketplaces such as OpenSea, Metaverse gaming, Daaps, and decentralized finance.
Zengo is the world’s most secure non-custodial crypto wallet. We use the latest MPC technology with biometrics and three-factor authentication to ensure only you have access to your wallet. There’s no need to remember seed phrases or print QR codes. You can log into your Zengo account with your facial ID instead.
Zengo is a next-gen non-custodial wallet, which means you are in full control of your private keys that let you access your digital assets. Furthermore, the Zengo app was designed to be easy to use and very intuitive, making it easy for you to trade, send, and receive currencies, which dramatically reduces the risk of getting things wrong when you deal with your cryptocurrencies and NFTs.
Zengo’s low, competitive fees enable users to trade a wide range of cryptocurrencies on multiple blockchains. On top of that, Zengo does not charge transaction fees to send or receive cryptocurrencies, but some third-party fees may still apply. If you would like more information, feel free to check out our complete fee overview.
Zengo guarantees that you can regain access to your crypto holdings even if you delete the app, lose your device, or forget your login details. Our biometric keyless recovery system ensures you can recover your assets without needing any recovery seed phrases. To regain access to your account, all you need to do is simply download the Zengo app on your new device and log in with your biometric face ID to get back in.
Zengo offers a live customer support team you can contact 24/7. You can start a chat session with our support team when you have a question or concern related to your Zengo account. You can also visit our Online Help Center for details on using Zengo and other points surrounding your Zengo wallet if you feel your question is likely to be asked often by other users.
While cryptocurrency trading and investing are exciting, it is also important to be cautious. The vast majority of the crypto industry remains unregulated, and most digital assets are extremely volatile, with the potential for their prices to make dramatic changes in either direction. While Zengo secures your crypto assets and gives you a simple way to access Web3, it does not provide any financial advice. Be sure you do your research before committing to any cryptocurrency investment.
Zengo makes it easy for you to safely swap Bitcoin (BTC) for Shiba Inu (SHIB) and the other way around, but if you still have some questions, here are some of the most common questions we get from our users.
Bitcoin (BTC) operates on its own blockchain network and has thousands of nodes available for confirming transactions through a proof-of-work process. Shiba Inu (SHIB) works as an ERC-20 token on the Ethereum network and is run entirely by its community. Also, while BTC has a limit of 21 million tokens that can be produced in its lifetime, SHIB has no limit to how many tokens will be available.
Swapping or trading Bitcoin for Shiba Inu with the Zengo wallet means that you trade your BTC tokens for Shiba Inu (SHIB) tokens or vice versa using Zengo’s swapping feature.
It is highly recommended that you use a secure and safe cryptocurrency wallet when trading BTC for SHIB. The Zengo wallet is the most secure choice today, as we use three-factor authentication and biometrics to ensure you’re the only one who can access your account. Zengo also provides a streamlined and simple approach you can trust. You can set up your Zengo wallet app and use it to trade and swap currencies like BTC, ETH, DOGE, SHIB, MATIC, and SAND for fair, competitive fees.
Certainly, there are minimum and maximum amounts you can swap with Zengo. These amounts will vary according to market conditions. You can see what the current minimum trading amounts are by logging into the Zengo wallet app and going to the trade screen. Choose the currencies you want to trade, and you’ll see the trading amounts from there.
To find out more about Zengo’s minimum trading amounts, fees, and limits, click here.
As a multichain crypto wallet, Zengo supports a wide range of cryptocurrencies, including but not limited to BTC, ETH, wBTC, HTZ, USDC, USDT, VGX, and ALPHA. You can select your preferred token in the Zengo app and review current prices and market liquidity rates.
You can easily send BTC and SHIB tokens to other external wallets with the Zengo app. You can do this by launching the Zengo app, going to the BTC or SHIB screen, selecting how many tokens you will send, and finally pasting the receiving address. Be sure to follow the instructions in the app to finish the transfer. You’ll get a notification when the transfer is complete. Keep in mind that you must leave a few tokens to cover network fees.
You’ll see a “trade pending” note on your history screen on the Zengo app after you submit your trade. We’ll notify you after the transfer goes through, plus the swap will now read “trade received” on the history page.
Zengo is the safest and most secure cryptocurrency and NFT wallet app you can find today. We provide a secure non-custodial approach to storing digital assets by making use of MPC technology, three-factor authentication, and biometrics to ensure that your account is protected at all times.
Learn more about Zengo’s security standards.
Yes, you can buy both Bitcoin and Shiba Inu tokens through Zengo’s onramp fiat gateway feature. In order to assist you, we have partnered with prominent payment partners to facilitate the purchase of BTC, SHIB, and many other cryptocurrencies. It is important to note that third-party fees apply to all token purchases. There are several methods of payment accepted, including Visa and MasterCard, Apple Pay, and bank wire transfer.
Learn more on how to buy cryptocurrency with Zengo.
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