How to Buy Shiba Inu (SHIB) with BitDAO (BIT)
To purchase Shiba Inu using BitDAO, begin by finding a cryptocurrency exchange that offers the SHIB/BIT trading pair. Set up an account, verify your identity, and deposit your BIT into your exchange wallet. Locate the SHIB/BIT pair on the trading platform and place an order to swap your BitDAO for Shiba Inu. If the SHIB/BIT pair is not available, you can initially exchange BitDAO for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Shiba Inu. Be aware of potential exchange fees, which differ by platform and can impact the total cost of your transaction.
How to Sell Shiba Inu (SHIB) for BitDAO (BIT)
To sell Shiba Inu for BitDAO, first, find a cryptocurrency exchange that supports the SHIB/BIT trading pair. Create an account, verify your identity, and deposit your SHIB into your exchange wallet. Locate the SHIB/BIT pair on the trading platform and place a sell order to exchange your Shiba Inu for BitDAO. If the SHIB/BIT pair is unavailable, you can first sell Shiba Inu for a stablecoin like Tether (USDT) or a fiat currency, then trade that for BitDAO. Be aware of potential exchange fees, which vary by platform and can affect the total amount you receive.