eToro Shiba Inu (Complete Guide to SHIBxM on eToro)

September 28, 2022

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In our eToro Shiba Inu guide, you’ll get the full breakdown of trading Shib on eToro, the popular social trading platform.

On eToro, you can trade (and copy trade) stocks, cryptocurrencies, and commodities with ease, and that includes Shiba Inu (known on eToro as SHIBxM, AKA Shiba in Millions - available to US-traders here.). 

Yup - eToro offers a Shiba Inu investment fund, which has become incredibly popular among investors as the meme coin, Shib, explodes in popularity. 

If you're interested in buying a Shiba Inu on etoro.com, then keep reading for instructions on how to do so, or for a more in-depth guide on eToro, check out our eToro review.

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Get a $100,000 trading demo account when you sign up.

Etoro Shiba Inu Guide

When you buy Shiba Inu on eToro, you’re actually buying it in units of one million shib called SHIBxM. 

etoro shiba inu

According to eToro, they wanted to simplify the Shib buying process for their users, and SHIBxM was the result. 

eToro Shiba Inu Links & Important Info

Coin:

Shiba Inu (in Millions)

eToro Ticker:

SHIBxM

Markets:

Stats:

Chart:

Shib Website:

White Paper:

SHIBxM: Shiba Inu on eToro 

What does SHIBxM mean? SHIBxM stands for “Shiba in Millions”, meaning when you buy one SHIBxM, you’re buying one million units of Shiba Inu.

If you want to invest in the Shiba Inu cryptocurrency on etoro.com, you'll need to purchase SHIBxM

This is eToro's Shiba Inu fund, which allows investors to trade this popular cryptocurrency without having to actually own any coins. 

SHIBxM is a CFD (contract for difference), which means that you're essentially betting on the price of Shiba Inu without actually owning any coins. You can trade SHIBxM with leverage, which can help you maximize your profits (or losses).

SHIBxM price is correlated to the underlying price of Shiba Inu Coin, and the minimum investment amount to buy Shib on etoro is $10.00. 

USA-based traders should sign up with eToro here to trade SHIBxM.

How To Buy Shiba Inu on eToro

Step 1 - Sign up for an eToro account here if you're USA-based.

Step 2 - Deposit funds to eToro. 

Step 3 - Click “Discover” on your eToro dashboard then select “Crypto” to explore cryptocurrency markets.

Step 4 - Scroll down and find SHIBxM.

Step 5 - Click the “buy” button, choose how much you want to invest, and then click “Open Trade.”

That’s it! Once you get the order confirmation, you should now see your balance in your eToro wallet.

Alternatively, you can copy trade Shiba Inu on eToro. If you're curious how trading fees will apply to your Shib trades, check out our detailed guide to fees at eToro.com.

eToro Shiba Inu Wallet

eToro provides a wallet for your Shiba Inu and cryptocurrency coins, and via their Android or iOS app, you’ll be able to monitor your SHIBxM balance any time you want. 

The eToro wallet is secure and easy to use and you can store 100s of cryptos right on the exchange. 

Of course, the crypto saying, “not your keys, not your coins” applies to storing any token or coin on a centralized exchange, so keep in mind that if you’re storing your coins on the exchange, you’re technically not the owner until you withdraw to your own wallet.

How To Withdrawal Shiba Inu from eToro

If you want to withdraw Shib from eToro, you’ll need to initiate a “Crypto Transfer” to your eToro Money crypto wallet, or alternatively, close your crypto positions and request a withdrawal of fiat currency. 

Learn more here.

How To Deposit Shiba Inu from eToro

It is possible to deposit crypto directly to eToro, however It’s not clear if you can deposit Shiba to eToro directly from what we’ve found online. 

What is Shiba Inu Coin?

Shiba Inu is a cryptocurrency launched in 2020 that was created as a parody of Dogecoin (Doge is also available on eToro to trade). It has since become one of the most popular cryptocurrencies, with a large community of supporters.   

The coin was created to be fun and playful, and it has no serious purpose. Nevertheless, it has become a popular investment, and many people believe that it has a bright future. 

Thanks to its popularity, Shiba Inu has made its way onto etoro.com, where you can trade it through the SHIBxM fund.

Shiba Inu Price

FAQs: eToro Shiba Inu

Does eToro support Shiba Inu?

Yes, etoro.com offers a Shiba Inu investment fund called SHIBxM. This allows investors to trade the Shiba Inu cryptocurrency without actually owning any coins.

What is the minimum amount of Shiba Inu I can buy on eToro?

Presumably, the minimum amount of Shiba Inu one can buy on eToro is 1 SHIBxM (one million Shiba Inu Coins).

What will Shiba be worth in 2023?

This is impossible to predict, as the price of Shiba Inu (and all cryptocurrencies) is highly volatile. Prices could rise or fall significantly in the next few years, so it's important to do your own research before making any investment decisions.

When was Shiba Inu listed on eToro?

Shiba Inu was listed on etoro.com in May 2021.

Is Shiba a good investment?

This is a difficult question to answer, as cryptocurrencies are highly volatile and prices could rise or fall significantly in the future. It's important to do your own research before making any investment decisions

What is Shiba Inu called on eToro?

Shiba Inu is called SHIBxM on etoro.com. This is eToro's Shiba Inu fund, which allows investors to trade this popular cryptocurrency without having to actually own any coins.

Conclusion - Shiba Inu on eToro 

Etoro shiba inu

Shiba Inu has exploded in popularity of late, and if you’re looking for a simplified buying process or interested in copy trading Shiba Inu traders, eToro might be the perfect place for you. 

While it’s unclear if it’s easy to withdraw and deposit Shib on and off the platform, we think eToro is perfect for social trading and those looking to buy Shib in units of one million. 

USA-based traders, start trading SHIBxM on eToro here.

About the author 

Sam Rexford