Akita Inu token runs on Ethereum’s blockchain and is inspired by the likes of Elon Musk and Dogecoin, as well as the dog breed originating in the Akita prefecture. This new cryptocurrency is centered around memes, similar to the Shiba Inu token, which has also gained popularity alongside Dogecoin.
Despite having a smaller market capitalization than Dogecoin and Shiba Inu, some investors purchase Akita Inu tokens to earn high returns. However, the market can only support so many dog-themed cryptocurrencies. In this article, we’ll explore the differences between Akita Inu and Dogecoin and how you can invest in this cryptocurrency to diversify your financial portfolio.
What Is Akita Inu?
The official website of Akita Inu coin describes it as “a friendly, open-minded, and adorable puppy-themed cryptocurrency.” Although this cryptocurrency is based on Ethereum’s blockchain, the platform was built using modifications to the ERC-20 standard.
This means that Akita Inu could technically be classified as an ERC-223 token, although this has yet to be confirmed by the developers. Akita Coin is a new cryptocurrency that has recently gained much attention. With its fast transaction speeds and low fees, it’s no wonder that more and more people are looking to invest in it.
However, buying Akita Coin can initially seem daunting, especially if you’re new to cryptocurrency. Akita Inu token and Shiba Inu token share many similarities. Shiba Inu token has recently surged in popularity, ranking in the top 50 digital currencies by market capitalization.
Both tokens are fully decentralized and launched through an Initial DEX offering (IDO), which involves adding substantial liquidity to a liquidity pool and allowing the market to determine the asset’s price through the DEX. The primary difference between the two is the maximum supply of cryptocurrency.
Akita Inu has a maximum supply of 1/10th that of Shiba Inu, making it much rarer than its dog-themed counterpart.
Step By Step Guide To Buy Akita Coin
Choose a Cryptocurrency Exchange
The first step to buying Akita Coin is to choose a cryptocurrency exchange. A cryptocurrency exchange is an online platform where you can buy and sell cryptocurrencies like Bitcoin, Ethereum, and Akita Coin. Some popular cryptocurrency exchanges include Binance, Coinbase, and Kraken. When choosing an exchange, it’s important to consider factors such as fees, security, and supported cryptocurrencies.
Create an Account and Verify Your Identity
Once you’ve chosen a cryptocurrency exchange, creating an account is next. This typically involves providing your name, email address, and password. Depending on the exchange, you may also need to provide additional information, such as your government-issued ID and proof of address. This is done to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.
To purchase Ethereum and ultimately acquire Akita Inu tokens, you must first register for a cryptocurrency exchange account if you still need to get one. Popular exchanges like Coinbase, Gemini, and Kraken do not offer Akita Inu tokens. Instead, Uniswap’s exchange is the only platform where Akita Inu tokens are available.
However, you’ll still need to create an account with a cryptocurrency exchange to purchase Ethereum. This is because you require Ethereum tokens to use Uniswap. As Uniswap is built on Ethereum’s blockchain, Ether tokens must pay transaction fees. Additionally, Ethereum tokens are needed to purchase Akita Inu tokens. Ensure you buy sufficient Ether tokens to cover transaction fees and your initial investment.
Most cryptocurrency exchanges, including Coinbase, Gemini, eToro, and Kraken, support Ethereum. These exchanges offer competitive pricing, but Coinbase remains the favored choice among crypto investors.
Fund Your Account
After you’ve created an account and verified your identity, the next step is to fund your account. This can typically be done using a debit card, credit card, or bank transfer. It’s important to note that each exchange has different fees and processing times for different payment methods, so be sure to choose the one that’s right for you.
Buy or download a wallet.
You’ll require a software wallet to interact with Uniswap’s decentralized exchange and acquire Akita Inu tokens. Software wallets use public and private keys to encrypt and decrypt your cryptocurrency wallet. The most suitable software wallets for Uniswap are Metamask and Trust Wallet.
A hardware wallet is the ideal option for maximum security and to safeguard your Akita Inu tokens. Hardware wallets are cryptocurrency wallets that store your tokens offline on a physical device, making it impossible for hackers to access your crypto assets.
Buy Akita Coin
Your account is funded, so you’re ready to buy Akita Coin. Navigate to the Akita Coin trading pair on your chosen exchange to do this. For example, if you’re using Binance, you would navigate to the AKITA/BTC trading pair. From there, you can enter the amount of Akita Coin you want to buy and submit your order.
After purchasing Ethereum and setting up your software wallet, you can make your Akita Inu token purchase. The first step is to send your Ether tokens to your crypto wallet using the Ethereum address generated by your software wallet.
Once the tokens are in your wallet, connecting to Uniswap’s website is the next step to start trading. On visiting Uniswap’s website, you’ll be prompted to connect your wallet. Once connected, you can search for the AKITA-ETH liquidity pool to purchase your tokens.
You’ll then need to input the amount of Ethereum you’d like to exchange for Akita tokens. Uniswap will display the exchange rate, and you’ll receive an alert if there is high slippage. After selecting swap, you’ll need to approve the transaction through your software wallet.
Following transaction approval, your Akita Inu tokens will be transferred to your wallet within a few minutes.
Store Your Akita Coin in a Wallet
Once you’ve bought the Akita Coin, storing it in a wallet is important. A cryptocurrency wallet is a digital wallet that allows you to store, send, and receive cryptocurrencies. There are two types of wallets: hot wallets and cold wallets. Hot wallets are connected to the internet, making them more convenient and less secure.
On the other hand, cold wallets are offline, making them more secure and less convenient. It’s up to you to decide which type of wallet is best for you.
Buying Akita Coin is a relatively straightforward process, but it’s important to choose a reputable exchange and take steps to secure your investment. By following the steps outlined in this article, you’ll be well on your way to buying Akita Coin and joining the growing community of cryptocurrency investors.
Remember to do your research and only invest what you can afford to lose. Good luck, and happy investing!
Read Also –