How to Buy Dogelon/Shiba Inu on Uniswap | Crypto

So, you’ve heard about this cryptocurrency that can 1000x overnight and want to buy it. Hey, I’m not here to judge your investments, but I’m making this disclaimer that this is not financial advice: do your own research and put money into things that you believe in.

But what this is, however is just a short post detailing how to buy Dogelon/Shiba Inu on Uniswap.

First tip you should know is that it would be much cheaper to buy it on a centralised exchange: whether it be Poloniex, Bilaxy, etc. This way you don’t have to go through the process of paying for gas fees and transferring it here and there. Heck, if you can get funds into an exchange that directly sells it, then just do everything through that centralised exchange.

Here’s a list of exchanges that provide Dogelon.

Here’s a list of exchanges that provide Shiba Inu.

But here’s the guide on how to buy those coins on Uniswap. (Because that is what you’re here for after all.

Do note that this is a very transaction fee heavy way to swap, so if you want to invest let’s say USD100 into one of those coins, you will most likely have to pay upwards of USD100 on gas fees, etc. alone. (That’s why I highly recommend if you can do it through a centralised exchange, do it through a centralised exchange).

1. Buy some ETH

   So first step would be to buy some Ether. You can do it on multiple places, but it does differ from country to country. Most of the time you have to go on a centralised exchange like Coinbase Pro, Gemini, Kraken or Binance. Buy some ETH there.

2. Get it into your ETH wallet

   If you’re on Coinbase, you can do it directly through the Coinbase wallet. Otherwise, make a Metamask wallet (probably the easiest way to do it). Write down your 12 word mnemonic and KEEP IT SOMEWHERE SAFE. You need it in case you can’t get it into your account.

   Find your PUBLIC KEY and that’s your ETH wallet address. This is public and everyone can see the transactions that this wallet undergoes (both in and out). You can check the balances, etc. here: https://etherscan.io/address/ (then add your address behind).

   So send your ETH from the centralised exchange to your ETH wallet. (this will usually cost ~USD5-20)

3. Go on Uniswap

   Go to Uniswap and make sure that you’re trading ETH to Dogelon/Shiba Inu. You can make sure that you’re using the right tokens by inputting the actual contract address in the “To” area.

   Here’s the contract address for Dogelon: 0x761d38e5ddf6ccf6cf7c55759d5210750b5d60f3

   Here’s the contract address for Shiba Inu: 0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce

   Please note again that using Uniswap is very gas fee heavy so do save a bit of ETH for if you want to convert it to something else at the end of the day.

   Whenever you want to trade a new token on Uniswap, you need to approve it for use. This costs gas. So the first transaction would be to approve it for use (this is very normal). It usually costs ~USD5 to 40 depending on gas fees. Do note that you need to do another approval transaction to trade in the other direction (i.e. Dogelon to ETH, but you can trade Dogelon to USDC, etc. once you have approved it for use).

   You can check how high gas fees by using this resource: https://ethgasstation.info/ . Generally, anything above 100 is high.

   The next transaction is the one where you will be trading ETH for Dogelon/Shiba Inu. Do note that this transaction may sometime fail if the most recent transactions sway the price too much in a particular direction due to slippage. Sometimes, nothing really can help it. But if you want the best chance of the transaction going through, select the fastest option on Metamask when sending the transaction (costs more).

   And there you have it, you’ve gotten your memecoins!

4. Selling your Memecoins

   Selling your coins is basically about reverse engineering the steps. You need to approve that coin for use on Uniswap, then swap to ETH. I recommend swapping to ETH because if you run out of ETH for gas, you just end up having to top up your ETH wallet again.

   Then, send that ETH to whatever exchange you had before and then sell it into whatever currency you please! But important thing would be just to make sure you’re never short on ETH to cover for gas costs!