EgeMoney is a platform that supports a variety of different networks for cryptocurrency transactions. Networks you can use to buy SHIB include Binance Smart Chain (BEP20) and Ethereum (ERC20).
Buying SHIB with Binance Smart Chain (BEP20)
Binance Smart Chain is known for its low transaction fees and fast confirmation times. To buy SHIB using the BEP20 token standard, you first need to create a BEP20-compatible wallet. Then, you can deposit Binance Coin (BNB) or other BEP20-compatible tokens into this wallet, and exchange them for SHIB on EgeMoney.
Buying SHIB with Ethereum (ERC20)
Ethereum has a wide ecosystem of smart contracts and DApps. To buy SHIB using the ERC20 token standard, you first need to create an ERC20-compatible wallet. Then, you can deposit Ethereum (ETH) or other ERC20-compatible tokens into this wallet, and exchange them for SHIB on EgeMoney.
You can learn more about the cryptocurrency ecosystem, different blockchain networks, and the advantages and disadvantages of these networks in our blog post about Networks Used In Cryptocurrency Transactions. This information will help you decide which network to choose when making cryptocurrency transactions.
