How to Buy Shiba Inu (SHIB) with BitDAO (BIT)
To buy Shiba Inu using BitDAO, first, find a cryptocurrency exchange that supports the SHIB/BIT trading pair. Create 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 exchange your BitDAO for Shiba Inu. If the SHIB/BIT pair is unavailable, you can first exchange BitDAO for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Shiba Inu. Be mindful of potential exchange fees, which vary by platform and can affect 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 mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.