how to convert usdt to shiba inu in binance

To convert USDT into Shiba Inu (SHIB) on Binance, users can navigate to the trade page, select the USDT/SHIB trading pair, enter the desired amount, and click "Buy SHIB" to place the order.

Oct 17, 2024 at 10:42 am

How to Convert USDT to Shiba Inu (SHIB) on Binance

Step 1: Create a Binance Account

If you don't have a Binance account, you need to create one at www.binance.com.

Step 2: Deposit Funds

You can deposit USDT into your Binance account using a credit/debit card or bank transfer.

Step 3: Go to the Trade Page

Once you have USDT in your account, go to the trading page and select the USDT/SHIB trading pair.

Step 4: Select the Spot Trading Mode

Default, it's gonna provide you with two different markets, the spot market or the margin market. You wanna make sure you're in the spot market.

Step 5: Enter the Amount

In the trading interface, enter the amount of USDT you want to convert into SHIB.

Step 6: Select the Order Type

You can choose between a market order or a limit order. A market order will execute immediately at the current market price, while a limit order will only execute if the price reaches your specified limit.

Step 7: Place the Order

Once you have selected the order type and entered the amount, click the "Buy SHIB" button to place the order.

Step 8: Confirm the Order

Binance will ask you to confirm the order details before it is executed. Check the details and then click "Confirm".

Step 9: View Your SHIB Balance

Once the order is executed, your SHIB balance will be updated in your Binance wallet. You can also view your order history in the "Completed Orders" section of the trading page.

Additional Information:

You will need to pay a small trading fee when converting USDT to SHIB.
The conversion rate may fluctuate depending on the market conditions.
Binance offers multiple ways to purchase SHIB, including credit/debit card, bank transfer, and P2P trading.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

NEW

$0.0107

48.94%

Trade Now
ALEO

$0.4708

38.21%

Trade Now
QTUM

$4.0110

16.37%

Trade Now
PEPU

$0.0208

9.15%

Trade Now
TRIBE

$0.5549

8.34%

Trade Now
ONT

$0.2426

8.24%

Trade Now

Latest Crypto News

Major Cryptocurrencies Shaping the Industry: Bitcoin, Ethereum, and Beyond
2025-02-02 02:05:56
XRP Gains Attention Amid Talks of Expanding the U.S. Crypto Reserve Beyond Bitcoin, While Yeti Ouro Extends Its Token Bonus
2025-02-02 01:55:56
The Crypto Market Pivots From Memecoins to Utility-Driven Projects: Dogecoin (DOGE) Struggles Amid Market Maturity, While Ripple (XRP) and DTX Exchange (DTX) Surge
2025-02-02 01:55:56
Ripple’s Resurgence: Can XRP Hit Another 400% Rally?
2025-02-02 01:55:56
Remittix (RTX): The PayFi Protocol Set to Rival XRP
2025-02-02 01:55:56
Purpose Investments Files Draft Proposal for the World's First Ripple (XRP) ETF
2025-02-02 01:55:56

Related knowledge

How to register an account on Binance

Feb 01,2025 at 09:19pm

Key Points1. Access the Binance website: Navigate to www.binance.com to begin the account registration process.2. Select your registration method: Choose between using your email address or mobile phone number for account registration.3. Create a strong password: Ensure the password you create is secure and meets the required strength criteria.4. Comple...

Where can I find the Ouyi invitation code?

Jan 29,2025 at 02:30am

Key Points:Understanding the Ouyi Invitation CodeBenefits of Using an Invitation Code on OuyiSteps to Find and Apply an Ouyi Invitation CodeAlternatives to Ouyi's Invitation Code ProgramFrequently Asked Questions about Ouyi's Invitation CodeWhere Can I Find the Ouyi Invitation Code?Steps to Find and Apply an Ouyi Invitation Code:Visit Ouyi's Official We...

Does OuYi make money?

Feb 02,2025 at 12:36am

Key Points:OuYi's revenue streams comprise trading fees, listing fees, staking rewards, and other miscellaneous sources.The platform's fee structure varies based on the trading pair, order type, and VIP tier.OuYi generates significant revenue from listing fees paid by projects seeking to have their tokens listed on the exchange.Staking rewards earned by...

How to remove restrictions on Ouyi account

Jan 26,2025 at 12:01pm

Key PointsVerify Your IdentityEnable Two-Factor AuthenticationComplete KYC VerificationContact Ouyi Customer SupportSteps:1. Verify Your IdentityLog in to your Ouyi account.Navigate to the "Security" tab.Click on "Identity Verification."Follow the instructions to submit your government-issued ID and a selfie.Wait for Ouyi to verify your identity.2. Enab...

How does OuYi pay sellers?

Jan 26,2025 at 01:00am

Key Points:Utilizing a multi-layered payout system for flexibility and efficiency.Employing industry-leading security measures to protect seller funds.Offering competitive payout fees to minimize costs for sellers.Providing dedicated support channels for timely assistance with payout inquiries.Ensuring transparency and reliability through regular payout...

OUYI freezes accounts with frequent transactions

Jan 30,2025 at 06:43pm

Key Points:Understanding the Reasons for Account Freezing by OuyiSteps to Resolve Frozen Ouyi AccountsPreventing Future Account Freezing on OuyiAlternative Exchanges for Trading CryptocurrenciesFAQs on Ouyi Account FreezesUnderstanding the Reasons for Account Freezing by OuyiSuspicious Activity: Ouyi may freeze accounts if they detect unusual activity, ...