eToro SHIB Listing Has Arrived
The highly anticipated eToro listing has finally arrived! If you haven’t heard, SHIB is available to trade on eToro! No more “wen SHIB on eToro?” Tweets! We can move on to only asking “wen KuCoin” and “wen CoinBase!”
SHIB has a circulating supply of one quadrillion, and it is represented on eToro as SHIBxM “Shiba (in millions)”, which is a “lot” of one million Shiba Inu units. A “lot” in the financial markets is the number of units of a financial instrument bought on an exchange/investment platform. A lot can refer to any asset class or financial instrument, but the specific meaning of “a lot” and its application will vary from market to market. By providing Shiba Inu as “Shiba (in millions)”, eToro offer users a clearer understanding of the pricing in a regular, two-decimal-point format. Just as with any other cryptoasset on eToro, users can invest in the amount of their choosing, at or above the minimum required for an investment.
Currently, the minimum investment size for cryptos on eToro is $25. The Shiba Inu ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called ShibaSwap. This cryptoasset has attracted the attention of Amazon Smile and together they’re collecting donations that actually benefit Shiba Inu rescue charities around the world. Shiba Inu will not be included in any CopyPortfolios at launch. The eToro investment team rebalances eToro’s portfolios at regular intervals and some or all of these tokens could be added to any one of our portfolios which include crypto, if deemed appropriate.
Somethings I want to talk about is how to trade SHIBxM on eToro, fees on SHIBxM and, coin transfer availability for SHIBxM on eToro.
How to trade SHIBxM on eToro:
Depending on local regulations in your country of residence, you can open ONLY BUY non-leveraged positions on this asset. Go to the $SHIBxM page by typing in SHIBxM in the search box at the top of the page. — Click on the “Trade” button. — Choose BUY (go long).
Important reminder: Long (BUY), non-leveraged crypto positions incur no overnight/over weekend charges on eToro. — Click on the “Open Trade” button.
𝐅ees On 𝐒𝐇𝐈𝐁𝐱𝐌 on eToro:
You can open positions on SHIBxM on eToro without worrying about unexpected or hidden fees. eToro fees are straightforward and easy to understand. When using eToros platform, all spreads are applied “round-trip,” meaning you are charged the percentage when you open the position, but the spread/fee is adjusted when you close the position.
Link to More Info: www.etoro.com/trading/fees/#crypto
Coin Transfer Availability for SHIBxM on eToro:
Withdrawing cryptoassets from the trading platform to the eToro Money wallet is a process called ‘transfer’. Currently, it is NOT possible to transfer $SHIBxM from the eToro trading platform to the eToro money wallet. If you wish to withdraw your $SHIBxM, you may close the relevant positions and withdraw your funds from your account at any time! Funds are withdrawn using the same method, and sent to the same account, as previously used for your deposit.
Link to More Info: www.etoro.com/customer-service/withdraw-faq/
I hope everybody enjoys trading SHIBxM on eToro! SHIBARMY Grows!!!!!