Personal Finance

A Step-by-Step Guide To Buy Akita Inu Coin

The Akita Inu cryptocurrency is built on the Ethereum network and professes to be driven by Elon Musk and Dogecoin. This new meme coin is comparable to the Shiba Inu token, which has garnered attention along with Dogecoin.

Investors already know that Akita Inu tokens have a lower market cap than Dogecoin and Shiba Inu tokens, still they’re investing with the hope to yield higher returns. Read on to find out how Akita Inu distinguishes itself from Doge and where you can get those right now.

What is Akita Inu Token?

Shiba Inu token, which just entered the top 50 cryptos by market valuation, is highly comparable to the Akita Inu token. Both of these currencies are completely decentralized, and they were both released via an Initial DEX offering (IDO). Initial DEX offers are made by depositing large quantities of liquidity into a liquidity pool and then allowing the market to determine the value of the asset via the DEX.

One of the main differences between Shiba Inu tokens and Akita Inu tokens is the total supply of coins. Akita Inu has one-tenth the maximum supply of Shiba Inu, making it far more uncommon than its canine sibling.

Let’s take a bird’s eye view of how you can purchase Akita Inu coin from Uniswap Exchange:

Step-by-step Procedure To Purchase Akita Inu Coin

Step 1: Open an online account

In order to buy Akita Inu coins, you’ll still require to create an account to purchase Ethereum, as this is the requirement of the Uniswap exchange to buy Ethereum tokens first to trade Akita Inu coins. So, you’ll be opening a crypto trading account on Uniswap to acquire Ether coins. Akita Inu is not yet accessible on exchanges like Coinbase, Gemini, or Kraken. It is only offered on Uniswap’s exchange. Because Uniswap is based on the Ethereum network, you will require Ether coins to make payments such as transaction fees. You’ll also need Ethereum to purchase Akita Inu, so be careful when buying enough Ether tokens to pay both transaction costs and your original investment.

As Ethereum is a very popular crypto coin, many exchanges accept it and allow its trading. These exchanges include Coinbase, Gemini, eToro, and Kraken which allow buying or selling of Ethereum tokens. All of these trading platforms offer comparable pricing, however, the investor’s preference is Coinbase. 

Step 2: Download A Wallet To Store Coins 

To connect with Uniswap’s decentralized exchange, you’ll have to get a software wallet. Software wallets are applications that encode and decode your bitcoin wallet using a set of cryptographic keys. Metamask and Trust Wallet are the top software wallets for Uniswap.

If you want to keep your valuable Akita Inu tokens in a safe place, you should use a hardware wallet. Hardware wallets are digital wallets that keep your tokens locally on a hardware machine, rendering your crypto assets unhackable.

Get A Hardware Wallet: Ledger Nano S

The Ledger Nano S is an inexpensive option for most cryptocurrency buyers, costing a little more than $47 on Amazon. This is a multicurrency wallet, which means it can store many cryptocurrencies. It has a feature of Ledger Live where you may get access to even more cryptocurrencies. This thing makes it one of the most adaptable wallets available.

Ledger sells a premium bitcoin wallet called the Ledger Nano X for $119 on their website. The Nano X offers several advantages over the Nano S, including Bluetooth connection and capability for up to 100 apps. For most traders, the Nano S will have all they need to safely store their Bitcoin.

Get A Software Wallet: Metamask

Metamask is an excellent solution for those who intend to trade crypto assets on Uniswap. Metamask, like other software wallets, doesn’t charge any cost. Metamask is fantastic since it includes a Google Chrome plugin. This thing makes it one of the simplest wallets to use with Uniswap.

Within the Ethereum network, there are various crypto wallets to select from, with Metamask appearing to be the most incorporated. Install Google Chrome and the wallet Chrome extensions if you use a desktop pc. If you choose to use your smartphone, you may get the wallet from Google Play or the iOS App Store, if it is offered. Simply ensure that you are getting the official Chrome extension and mobile app from the Metamask website.

Step 3: Place your order

Congratulations! You’re capable of making your purchase once you’ve purchased Ethereum and established your software wallet. First, use the Ethereum address produced by your software wallet to transfer your Ether tokens to your crypto wallet.

To make trades on Uniswap, just link your wallet to the Uniswap website after getting the tokens in your wallet. When you access the Uniswap website, you will be asked to connect your wallet to the Uniswap exchange. After connecting your wallet, you may look for the AKITA-ETH liquidity pool to buy your tokens.

Then, input the number of Ethereum tokens you want to swap for Akita tokens. Uniswap should provide you with a currency rate, and if there is significant slippage, you will be notified. After you press swap, you must authorise the transaction using your software wallet. Within a few minutes of accepting the transaction, you’ll get notified that your Akita Inu tokens are now stored in your wallet. 

Akita Inu Tokens can be traded, sold, or converted. When you’re ready to sell your Akita Inu tokens, just return to Uniswap and convert them to Ethereum. After converting your Akita Inu tokens to Ethereum tokens, you can withdraw your money by sending the Ether tokens to any cryptocurrency exchange.

Current Cryptocurrency Price?

In 2021, the whole crypto sector has been on a tear. Bitcoin’s price has steadily increased this year, while Ethereum’s price has nearly tripled since the beginning of 2021. With institutional investors jumping on board, the Bitcoin business has gained legitimacy as a genuine investment instrument. You can get the price predictions of Akita Inu coin in detail on coinrevolution.com/price-prediction/akita-inu-price-prediction-2022-2025-2030

Conclusion: Is Owning an Akita Inu a Good Investment?

Most experienced cryptocurrency investors would tell you that there are many safer cryptocurrency options than Akita Inu tokens. While you may be able to earn fast cash, these tokens are unlikely to keep their value in the long run. Other cryptocurrencies to investigate are Ethereum, Uniswap, and Bitcoin if you want a safe cryptocurrency with the prospect of huge rewards.

Posted by Dragan Sutevski

Dragan Sutevski is a founder and CEO of Sutevski Consulting, creating business excellence through innovative thinking. Get more from Dragan on Twitter. Contact Dragan

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