Buying Shiba Inu coin on Kraken is a straightforward process, but it requires some preparation. First, ensure that you have a verified Kraken account. To do this, head over to the Kraken website and create your account by providing your email address and a solid password. Once registered, complete the necessary KYC (Know Your Customer) verification by uploading the required documents. Make sure to enable two-factor authentication (2FA) for added security. After that,you can fund your account using various methods,including bank transfers or credit cards,depending on your location.
Once your account is funded,navigating to the trading interface is next. Here, you can select Shiba Inu Coin from the list of available cryptocurrencies. Set your desired trading pair (usually SHIB/USD or SHIB/EUR) and choose either a market order for immediate purchase or a limit order if you have a specific price in mind. When entering the amount you want to buy,consider the fees associated with the transaction. A brief overview of the exchange fees can be found in the table below, ensuring you are aware of what to expect:
| Transaction Type | Fee Percentage |
|---|---|
| Market Orders | 0.16% |
| Limit Orders | 0.10% |
| Successive Trades | 0.25% |
