CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Trade [[data.name]]

The most popular and up-and-rising cryptocurrencies.

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About

History

Differences between Investing vs Trading

About

History

Differences between Investing vs Trading

Sometimes, parodies become serious. This is certainly the case with the Shiba Inu Coin, which was initially launched in 2020 to make fun of popular memecoins such as Doge. Since then, crypto investors have begun to take it seriously. Following the surge in popularity of Doge in 2021, this jokey competitor began to feel the benefits, rising in value significantly.

As a memecoin, Shiba Inu does not have a lot of real-world utility and is largely viewed as an entirely speculative asset. Shiba Inu has a huge total supply, and its value is driven entirely by the sentiment of its most dedicated fans. Here's what you need to know about the memecoin to end all memecoins, also known to some as the "Doge killer".

The story of Shiba Inu Coin offers a fascinating parable of the history of cryptocurrencies. Originally launched as a joke to make fun of "pump and dump" memecoins, a total of 1 quadrillion (that's a 1 with 15 zeros) Shiba coins were minted at the launch in August 2020.

Half of the total supply was locked into the Uniswap SHIB/ETH liquidity pool, a decentralized exchange that serves an automated market maker system. The other half was donated to Vitalik Buterin, the founder of Ethereum. He almost immediately "burned" nearly all of these coins by sending them to a dead crypto wallet, while the remainder of his share (worth $1.2 billion at the time) was donated to India's COVID-19 relief fund.

It wasn't until Elon Musk started gassing up memecoins on Twitter that Shuba Inu really took off, rising from $0.000000000056 to a high of $0.00008616 in October 2021, a 150 million per cent increase. Since then, the price of Shiba Inu has consistently fallen, reflecting a wider loss of interest in memecoins.

Shiba Inu Coin is one of the most volatile memecoins around. Its price is driven entirely by the sentiment of users and the coin is highly vulnerable to market manipulation. As such, buying and investing in Shiba Inu coins with the long game in mind is a risky game to play. Of course, the coin is very, very cheap, meaning that you could always spend a few cents on some coins and hope that they jump up in value in a few years.

However, the more popular option for some is to trade the coin and attempt to profit from day-to-day price fluctuations. Transaction times are fast and fees are low, meaning it is easy for day traders to hold positions in Shiba Inu. But make no mistake, trading Shiba Inu successfully depends on your ability to stay one step ahead of extreme volatility.

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Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Trade [[data.name]] with Skilling

The most popular and trending cryptocurrencies, all in one place at the right time.

  • Trade 24/7
  • Minimum margin requirement below ~3$
  • Spreads of just $0.50 on BTC - lower on other crypto! Plus a super low trading fee of 0.1%/side
  • No withdrawal fees
  • Diversify! 900+ instruments to choose from
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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying crypto asset.

Crypto CFD
Physical Crypto
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Capitalise on rising stock prices (go long)

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Capitalise on falling crypto prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset or have an exchange account

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No exchange fees or complex storage costs
Just lower commissions in the form of spreads and a small taker-fee

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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Important notice

This page/website is not directed to EU clients and falls outside the European regulatory framework and is not in the scope of (among others) the Markets in Financial Instruments Directive (MiFID) II.
By continuing you acknowledge to view the content provided by Skilling (Seychelles) Limited, which is authorised and regulated by Seychelles Financial Supervisory Authority, and that your decision was made independently and at your exclusive initiative and no solicitation or recommendation has been made by Skilling or any other entity within the group.

Continue

Important notice

This page/website is not directed to EU clients and falls outside the European regulatory framework and is not in the scope of (among others) the Markets in Financial Instruments Directive (MiFID) II.
By continuing you acknowledge to view the content provided by Skilling (Seychelles) Limited, which is authorised and regulated by Seychelles Financial Supervisory Authority, and that your decision was made independently and at your exclusive initiative and no solicitation or recommendation has been made by Skilling or any other entity within the group.

Continue