| Information about Shiba Inu Coin | |
|---|---|
|
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| Developer: | Ryoshi |
| Year of release | 2020 |
| Abbreviation: | SHIB |
| Market capitalization: | ~ 4 billion |
| Website: | shibatoken.com |
| Available: | In over 100 countries |
| Best SHIB Casino: | Cloudbet |
| Best SHIB Bonus: | Unlimited (BC.Game) |
At November 2020 the Shiba Coin, SHIB for short, was launched. Behind it probably stands a person or even a group of developers who publicly calls himself calls himself Ryoshi. So who came up with the idea for the Shiba Inu token is as much of a mystery as it is for the Bitcoin because until today the identity of the famous Satoshi Nakamoto is not clarified beyond doubt.
Shiba is a Meme Coinwhich is visually based on the older Dogecoin, but nevertheless differs significantly from this model in its basic concept. The trademark ishow should it be different a Shiba Inu. The crypto inventors were obviously taken with the dog. At times, Shiba had already made it into the Top 10 of the most successful cryptocurrenciesin terms of pure market capitalization. Around 549 quadrillion SHIB are currently in circulation.
Particularly interesting: With Shiba Coins, users can support social projects and organizationsfor example by making donations via The Giving Block. In May 2021, Ethereum founder Vitalik Buterin made headlines because he donated Shiba Inu Coins worth $1 billion to a Covid relief fund in India.
Table of Contents
- Best Shiba Inu Coin Casinos
- What is Shiba Coin?
- What is the potential of Shiba Inu in crypto casinos?
- Deposit with SHIB in the casino
- Advantages & disadvantages of Shiba Coin Casinos
- Special features of the Shiba SHIB Coin
- Play safely with Shiba Coin – this is what matters
- What are the payment limits at Shiba Coin Casino?
- These games are available at Shiba Inu Coin Casino
- Tips & tricks for paying with Shiba
- These Shiba Coin alternatives are available
- Shiba Coin Casino FAQ
- Conclusion about Shiba Coin Casinos
The best Shiba Inu Coin Casinos
That the selection of Shiba Casinos is currently still quite manageable is in all likelihood due to the fact that the token has only been on the market since November 2020. Precisely because of the responsibility that crypto casinos have towards their customers and may want to wait and see how the currency, which was actually created as a meme coin, develops. So it is conceivable that in the near future other providers will offer SHIB as an alternative to Bitcoin, Ethereum and the role model Dogecoin into the portfolio.
What is Shiba Coin?
The Shiba Inu
Similar to the creators of the cryptocurrency associated with the Asian Shiba Inu dog cryptocurrency Dogecoin Ryoshi, whose real name remains a mystery, also had the idea of creating SHIB a "fun currency" into circulation. This is also based on the meme of such a dog and is even called by its inventor called the Dogecoin Killer – which is probably due in particular to its outstandingly fast-growing market capitalization.
The story of the Shiba Coin, which was put into circulation in 2020, began just like the idea behind Dogecoin with a parody. While the Bitcoin was targeted at that time and the DOGE more or less accidentally became an established digital currency, said Ryoshi had the idea to do the same to this development team.
Fun Fact: Shiba Inu is by no means the only meme coin after Doge, as funny tokens have since emerged alongside it with animal names like Corgi Inu, Australia Safe Shepherd, or even Chihua – the latter borrowed from the Chihuahua.
Crucially for the market, Dogecoin and Shiba tokens differ differ significantly in their technologywhile they both have a connection with the Asian dog breed. Dogecoin was based on the Litecoin protocol and is thus very similar to this currency in many respects. Shiba Inu, on the other hand is based on the ERC-20 protocol of Ethereum..
What potential does Shiba Inu have in crypto casinos?
As far as the spread of so-called meme coins is concerned, opinions differ. For example, Ben Caselin, the head of research who works at the AAX crypto exchange, is critical of Shiba Coin, but equally critical of the better-known Dogecoin, which is more widely used in casinos.
SHIB token holders are goading each other on social media to buy. Whether this hype will last is difficult to assess. However, the fact is that there were also serious doubts about Dogecoin. In the meantime, the currency has established itself in some crypto casinos – not least because the purchase is significantly cheaper than with BTC, for example.
Regardless of whether dozens of crypto providers accept SHIB in the near future or not: with an investment of just a few Euros several thousand tokens can be on exchanges like Binance and Coinbase can be purchased. Should the value experience even a minimal increase, similar to DOGE, the purchase may have paid off sooner than expected. All the nicer, of course, if you as a player also get the opportunity to deposit with Shiba Token in casinos.
Buy Shiba Coin – at any time without effort
The high availability makes it easy for investors and therefore also players in the crypto casino easy to stock up on Shiba Coins. With 1 quadrillion tokens available, there should be enough left for the average casino customer. Purchases are usually made directly through prominent crypto exchanges, such as these:
A registration is required for all mentioned crypto exchanges required. With the us known Crypto Casino BC.Game which accepts Shiba Coin as a means of payment along with numerous other tokens, it is possible to buy tokens directly via the account, but this is unfortunately not yet the case for SHIB.
It takes only a few minutes to set up a personal customer account. The companies mentioned are Exchanges and wallets in one. This means that not only fiat currencies like the euro can be exchanged for Shiba tokens within minutes. Also, crypto assets of all kinds can be managed in the wallet, so that it is possible to deposit any SHIB amount into the casino from there at any time.
Here are the most important steps:
- Click on "Register
- Enter customer data
- Verify identity
- Make a deposit in Euro or other real money currencies
- Buy SHIB
With special programs, including Hive OS, it is even possible to participate in the pool mining process of the Shiba token. In the long run, this will save you from having to buy coins, but you will have to plan a little time until you have enough tokens to play casino games. The advantage of SHIB Mining is that the process itself is simple and that, unlike with BTC, there is no strict upper there is no strict upper limit of coins.
Deposit with SHIB in the casino
Transactions with Shiba Coins are just as easily and quickly as with more popular cryptocurrencies, such as Ethereum or Bitcoin, to name just the most common ones. The following steps need to be taken after opening the cryptocasino website:
- Register at SHIBA Casino
- Open wallet
- Select deposit method SHIB
- Copy ERC20 crypto address
- Enter in crypto wallet address
- Select amount
- Confirm payment
Using the ERC-20 standard it is alternatively possible to use the app of the crypto exchange used (wallet) to be used. A smartphone or tablet is all that is needed to scan the QR code displayed in the casino, which makes the whole process a bit easier.
Advantages & disadvantages of Shiba Coin Casinos
- What are the advantages of using SHIB as a casino payment method?
- What are the disadvantages with Shiba Inu Coin Casinos?
1.) What advantages does SHIB offer as a payment method in the casino?
Just because the Shiba Coin is still at the very beginning it can be worthwhile to use the advantages of the cryptocurrency for yourself – of course, not exclusively with a view to the area of iGaming, but also if you want to invest in the long term.
Shiba Coin advantages at a glance – the following factors speak for the Shiba Inu Coin:
- Coins can be bought or generated by mining
- Low price per SHIB token allows for larger purchases
- Tradable on almost all exchanges
- High security thanks to ERC-20 standard on ETH protocol
2.) What are the disadvantages with Shiba Inu Coin Casinos?
The question of whether an investment is already worthwhile for casino customers is quite justified. There is still a small selection of companies that use the SHIB token as a means of payment the gambling industry is still very limited. very manageable. Our experts can hardly estimate whether this will change in the near future. As with many new cryptocurrencies, there is nothing left to do in the case of the Shiba Token but to wait and see how it develops – also and especially with regard to its acceptance in cryptocasinos.
The disadvantages at a glance:
- Very low availability in crypto casinos so far
- Future of the token cannot be predicted
- Fees are incurred for payments
Considering the fact that SHIBA was developed as a meme token similar to Dogecoin and that the serious intentions, such as the protection of the dog of the same name, only emerged over time, it is difficult today to difficult to assesshow the currency will fare in the future.
The chance of a significant increase in value, from which possibly numerous Shiba millionaires emerged, is similarly high as that of the token disappearing from the market again at some point because it could experience a collapse. Due to its young age, it makes sense not to set the investment too high – even if a deposit with Shiba Coins in the cryptocasino is planned.
Special features of the Shiba SHIB Coin
The low coin price and the fact that no seeds need to be stored securely, make the Shiba Coin a welcome cryptocurrency for for beginners. The tokens can be easily acquired and managed via common exchanges and wallets. easily acquired and managedfor highest security is provided by the already mentioned ERC-20 protocol, which should already be familiar to most crypto connoisseurs through Ethereum.
Although currently only a few crypto casinos accept SHIB payments, many special features speak for the investment in the in the meme token, which has long since become more than just a "declaration of war" against Dogecoin.
The following factors speak in favor of the Shiba Inu Coin:
- Possible increase in value can be worthwhile in the long run
- Deflation, since for the time being no Coins are produced again
- Social component (donations to Shiba Inu relief organizations)
Even if SHIBA might not go through the roof like Bitcoin in the long run, the deflationary currency proves to be advantageous. At its inception 1 quadrillion SHIB tokens were put into circulation. What makes this special is that the developers "burn" a portion of the coins in each transaction to artificially maintain deflation. This allows the stabilize the price in the long termfrom which both the founders themselves and investors profit.
Playing safely with Shiba Coin – that's what matters
First of all, the challenge is to find a reputable crypto casino, and one that accepts the still very young Shiba Coin in addition to common tokens such as Bitcoin, Ethereum or Litecoin. Shiba accepted. Provided that this succeeds, as for example at BC.Game, it is important to check the license.
Such a license does not have to have been granted in Australia to guarantee safe and fair entertainment for players. It is much more important that the authority behind the license regularly checks the relevant license conditions on a regular basis, so that a solid basis is guaranteed in the long term.
The SHIB itself can be described as a reliable cryptocurrency cryptocurrency. The only crucial thing now is to find the right crypto exchange where tokens can be stored and managed according to the highest security standards. We have already listed some of the most secure options in our test above.
If you also want to do something for your personal security, you should set yourself a Shiba Coin limitwhich is clearly defined either per day, week or month as a stake or loss. The better players know their budget and the associated limits, the lower the risk of gambling addiction at Shiba Casino.
What are the payment limits at Shiba Coin Casino?
In principle, there is a lot of freedom for the customer, especially with crypto payments in casinos, because most of the time these are understood to be Casinos without limit. This also applies to Shiba Coin, which can usually be used to deposit an unlimited amount. Just the withdrawal limits vary. Payouts at BC.Game are limited to a rather a meager 4 million Shiba limited. That is currently equivalent to just 31.72 euros.
These games are available at Shiba Inu Coin Casino
Choosing a Shiba casino naturally requires that no obstacles are put in your way when it comes to choosing a portfolio. This is exactly the idea that the providers we have reviewed seem to follow, because with them the entire range of games regardless of the currency used for the deposit.
Gaming opportunities with SHIB tokens:
- Slots
- Special crypto games (Originals, Mini Games)
- Live Games
- Roulette
- Blackjack
Today are Arcade style mini games in more and more crypto casinos the rule. These are based on BTC Blockchain and were therefore also called for a long time. Bitcoin games provided. In the meantime, the technology has changed a lot, so that alternative currencies like SHIB can be used.
Tips & tricks for payment with Shiba
Even though the Shiba Inu Coin is not yet very widespread in the industry and has only rarely been available as a payment method, it still makes sense to familiarize yourself with its its special features and possibly even invest today.
For one thing, a possible increase in value can be exploited, which would be advantageous precisely when the acceptance of SHIB in the iGaming industry grows. grows. For another, the Shiba token will be token is offered for sale on almost all so it is easy to fill up your crypto wallet with SHIB.
SHIB Casino – useful tips:
- Check provider for seriousness
- Compare exchanges to save fees
- If necessary, buy SHIB generously (low rate)
- Set stake, deposit and loss limits
Once the decision has been made and a Shiba Casino has been found that meets your personal requirements, you should directly think about your own budget and and set limits to minimize the risks of a high loss. After all, there is no guarantee of winning even in the best crypto casinos.
The fact that the token has not been widely used in the industry so far is something that players could definitely take advantage of. Even though our team of experts cannot give a forecast on the SHIB price, the coin is still is currently still available at a very low price. The possible upcoming increase in value is ideal for saving up a solid gaming budget. Thinking in the long term can be an advantage, especially with cryptos like Shiba Coin. And in the worst case, depending on the investment, no particularly painful loss is to be expected – if it actually the token actually collapses. would occur.
These Shiba Coin alternatives are available
Those who do not want to limit themselves in the crypto casino selection, of course, always have the option to switch to tokens other than the SHIB. The list of currencies which are available in the industry today is long.
The most popular and well-known Shiba Coin alternatives:
A wide selection of currencies alone does not make a good crypto casino. All the more important to take a closer look at licenses, support, gaming options and offers.
Shiba Coin Casino FAQ
Especially the fact that SHIB only exists since 2020 and thus may not be familiar to every casino player, raises questions. Our experts have answered some of the most common topics at the site.
- Is SHIB a safe cryptocurrency to play with?
- Is there a SHIB bonus available?
- What Shiba Coin exchanges are there?
- Are SHIB casinos considered to be demonstrably fair?
- Is it worth it to buy Shiba tokens?
- Can I use all games with Shiba?
1.) Is SHIB a safe cryptocurrency to play with?
The token is based on the ETH blockchain, i.e. on the ERC-20 protocol. This ensures that Shiba has a high level of security which can be compared with Ethereum and other digital currencies. As far as protection is concerned, Shiba is thus in no way inferior to the competition. Of course, this also applies when playing in crypto casinos.
The crucial thing is to choose reputable Shiba Coin providers because there, on the one hand, no fees are charged and, on the other hand, both deposits and withdrawals can be carried out within minutes.
2.) Is there a SHIB bonus?
Crypto Casinos differentiate when awarding new customer bonuses, reload promotions and the like usually not differentiate between different cryptocurrencies. This means that players whose choice falls on SHIB also get the opportunity to claim a starting credit. The amount can vary depending on the provider, and to date it is actually the Bitcoin, for which the highest bonuses are available.
Of course, the decisive factor is not only whether a Shiba Coin bonus is available, but above all, how the bonus conditions are in place. Shiba Casino customers should take a little time to check them in detail – with a view to the turnover as well as accepted game types.
3.) Which Shiba Coin exchanges are available?
At well-known wallets and crypto exchanges, such as Binance, Coinbase, Exodus or even Bitpanda, the young Shiba token is experiencing a very high very high acceptanceand can therefore be traded everywhere at fair conditions exchanged against Euro. The basic requirement for a SHIB purchase is the registration in the exchange, which usually takes only a few minutes.
Shiba Coins can be paid with various real money payment methods, from credit card to PayPal or instant bank transfer. A comparison of several exchanges can be worthwhile, especially with focus on the payment options but also with regard to accruing network transaction fees, which vary slightly with all wallets.
4.) Are SHIB casinos considered demonstrably fair?
As a rule, crypto casinos today are almost always considered to be Provably fair because they use the Bitcoin blockchain to transparently disclose gaming results at all times. Meanwhile, it no longer matters to the customer whether they use BTC or alternative currencies like Shiba Coin to play.
The least that all providers with crypto acceptance have in common is the demonstrable fairness of the special crypto player section. BC.Game offers these under the title "BC Originals". Meant are crypto classics like Dice, Mines or even Crash to name only three of the best known.
5.) Is it worth buying Shiba Tokens?
For those who are only interested in being in the casino with a solid and and reliable cryptocurrency in the casino Shiba is certainly an option for you. However, the selection of companies offering the token as a payment solution is still very limited. still very manageable out.
Even if no clear forecasts can be made about the development of the token, it can be worthwhileto buy today at the favorable price in SHIB at a favorable rate. On the one hand, further providers could be added, where it may soon be possible to pay in Shiba Coins, and on the other hand, there is the chance of a significant increase in value.
6.) Can I use all games with Shiba?
If SHIB Coins are accepted by the cryptocasino, then it is of course possible there to play any game forms games – starting with slots, up to the usually very extensive live extensive live portfolio. Shiba Coin Casinos do not lack diversity at all, because there are no limits for the customer in terms of choice.
If deposits are made in several different cryptocurrencies, it is possible to switch between them in the account at any time. between the individual coins at any time. can be switched. Here, too, the casinos grant their customers a high degree of flexibility and thus adapt perfectly to their needs.
Conclusion about Shiba Coin Casinos
Playing at Shiba Casino brings several advantages with it. On the one hand the token is dynamic and as an investor you profit from a deflation, which stabilizes the value. On the other hand, all those who invest in SHIB are at the same time doing something good.
The social component may seem insignificant to casino players at first glance, but despite everything it gives you a good feeling to contribute to the protection of the Shiba Inu dogs.
How the acceptance of the Shiba Token develops, that remains to be seen. Currently, the selection of SHIB casinos is still more than manageable, but the currency has for the reasons mentioned above potentialalternatives such as Dogecoin, which also started as a meme. Dogecoin, which also started as a meme.
Author: Jake ErvingRated: Shiba Inu CoinAuthor Rating:
