Shinobi coin is an innovative cryptocurrency sold on “traditional” coin exchanges, but it claims to be the world’s first 100% anonymous encrypted cryptocurrency. A unique feature of this currency is its use of a “lightning network,” which will facilitate instant transactions and allow for micropayments.
It also includes TOR integration, which allows for greater privacy and anonymity when transacting online. Shinobi Coin offers a fee-free experience for users.
What is Shinobi Coin?
Shinobi Coin is a cryptocurrency launched in 2021 to become the preferred payment method for e-commerce transactions. It is a decentralized digital currency operating on a peer-to-peer network, meaning transactions can be conducted directly between users without intermediaries like banks.
The coin’s name, “Shinobi,” is derived from the Japanese term for “ninja.” This name was chosen to reflect the coin’s focus on privacy and security and its commitment to providing users with a platform for anonymous transactions.
Shinobi Coin is built on the Ethereum blockchain, which provides a secure and efficient platform for conducting transactions. The coin is designed to be fast, scalable, and user-friendly, making it an attractive option for those looking to use cryptocurrency for everyday transactions.
One of the key features of Shinobi Coin is its privacy-focused design. Transactions with the coin are encrypted, meaning they cannot be traced back to the parties involved. Shinobi Coin is ideal for those who value privacy and anonymity in their transactions.
Another important feature of Shinobi Coin is its low transaction fees. The coin’s transaction fees are significantly lower than traditional payment methods, making it an affordable option for small businesses and individuals.
Shinobi Coin offers several other benefits, including fast transaction times and easy integration with existing e-commerce platforms. This makes it an attractive option for businesses looking to add cryptocurrency as a payment option for their customers.
Regarding market performance, Shinobi Coin has experienced significant growth since its launch in 2021. The coin’s value has increased steadily and is now widely traded on several cryptocurrency exchanges. As more businesses and individuals adopt the coin as a payment method, its value will continue to rise.
Step By Step Guide To Buy Shinobi Coin
Shinobi Coin is a cryptocurrency that can be purchased on various cryptocurrency exchanges. Here’s a step-by-step guide on how to buy Shinobi Coin:
Choose a cryptocurrency exchange:
Some popular cryptocurrency exchanges with Shinobi Coin trading pairs include Coinbase and Binance. The first step to buying Shinobi Coin is choosing a cryptocurrency exchange that allows you to purchase the coin.
Coinbase offers the most mainstream support for purchasing coins like Bitcoin and Ethereum; we’ll use Binance in this guide to help you buy Shinobi Coin. Register an account with a cryptocurrency exchange: The first step in buying Shinobi Coin is to sign-up with an exchange that allows you to purchase crypto like Bitcoin or Ethereum.
You’ll need to create a password and provide personal information like your name, email address, and phone number. You can buy Shinobi Coin in several exchanges, including Binance, Huobi, and BitMart. Choose an exchange that supports Shinobi Coin and register for an account.
Complete the verification process:
The verification process can vary slightly depending on your exchange. Coinbase allows you to start trading your coins immediately, but Binance requires an email verification before allowing you to use the exchange.
For example, on Binance, you must submit a government-issued ID, such as a passport or driver’s license, before verifying your account. Depending on the exchange, you may need to complete a Know Your Customer (KYC) process to verify your identity. This typically involves submitting a government-issued ID and proof of address. Once you’ve completed this step, your account is ready for use.
Fund your account:
Now that you’ve signed up for an account and completed the verification process, you must purchase Bitcoin, Ethereum, or another cryptocurrency on the exchange. Coinbase offers several payment methods to purchase crypto; you can use your bank account or credit card to deposit funds into your account.
Once your deposit has been processed, it will appear in your exchange wallet. The same process applies when using Binance – you deposit government-issued currency like USD into your account and convert it into an equivalent amount of Bitcoin deposited into your exchange wallet.
Find Shinobi Coin:
Once you’ve deposited funds into your exchange account, you can use the exchange to purchase Shinobi Coin tokens. The Shinobi Coin token can be found on Binance with trading pairs like ETH/SHO, SHO/ETH, and BNB/SHO. Other exchanges where you can trade Shinobi Coins include BitMart, YoBit, and Huobi.
Buy Shinobi Coin:
Once you have located Shinobi Coin, you can place a buy order specifying the amount of Shinobi Coin you wish to purchase and at what price. You can either place a market order, which will execute immediately at the current market price, or a limit order, which will only execute when the price reaches your specified limit.
With your Shinobi Coin tokens, you can transfer them to your preferred wallet. On Binance, this process is quick and easy. After you’ve purchased your Shinobi Coin tokens, go to the “Withdraw” page and select “Deposit” under the dropdown menu on the right-hand side of the page.
Select “ETH” under Deposit Options, then choose ETH from the list of available coins and enter an amount corresponding to how much Shinobi Coin you wish to purchase.
Withdraw your Shinobi Coin:
Once you have purchased it, you can withdraw it from the exchange to a wallet that supports it. This can be a software wallet, a hardware wallet, or a paper wallet.
Conclusion
Shinobi Coin is a unique cryptocurrency that claims to offer privacy and anonymity without sacrificing speed and convenience. The coin supports TOR integration, enabling greater anonymity when transacting online and allowing instantaneous transactions with zero fees. Shinobi Coin is one of the few cryptocurrencies available on Binance, one of the most popular cryptocurrency exchanges in the world.
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