Want to jump straight to how to buy Saitama Inu? You'll need to purchase ETH on an exchange like eToro and swap your ETH for Saitama Inu on Uniswap.
Saitama Inu is a meme coin launched in 2021, following the dog coin craze initiated by Elon Musk. The project claims to aim for a safer and more accessible cryptocurrency landscape. However, questions remain about its actual capabilities and whether this is merely a talking point. Saitama Inu reached a new all-time high of $0.002467 on Jul. 27, 2024, but has declined since then, like many other meme coins. This situation raises concerns about possible capitulation or the end of the dog coin bubble. Investors may wonder if Saitama Inu can positively impact their portfolios.
This guide will walk you through everything you need to know to successfully buy Saitama Inu coin, including valuable insights and tips to make the process smoother and more enjoyable.
How to Buy Saitama Inu (SAITAMA)
Ready to invest in SAITAMA? Fortunately, purchasing the token isn't too hard as it is an ERC-20 token. It is a bit more complicated than just buying one of the most popular tokens like Ethereum, however.
1. Open an Online Account
To buy SAITAMA, you first will need an online account. This way you can buy tokens and use them on a cryptocurrency exchange to obtain SAITAMA. While there are many crypto exchanges to buy crypto on, there are a handful that stand out for their ease of use, security and focus on education.
While large cryptocurrency exchanges like Coinbase and eToro don’t offer Saitama, you can purchase ETH and transfer it to a cryptocurrency wallet to purchase Saitama on Uniswap. These crypto exchanges support a variety of tokens and are very easy to use. To sign up, you will need an email address and password. Due to know your customer (KYC) laws, the brokerage may also require some basic personal information. After that, you can fund your account with your preferred payment method, such as ACH or credit transfer, and you are ready to begin buying crypto.
2. Buy or Download a Crypto Wallet
Because you cannot buy SAITAMA directly from a crypto brokerage, you will have to do so on a decentralized exchange (DEX) like Uniswap. Exchanges use crypto wallets to facilitate transactions. A cryptocurrency wallet is a place to store cryptocurrencies separate from an exchange or brokerage.
MetaMask is a software wallet that also supports ERC-20 tokens. To make a MetaMask account, all you need is to create a password. You will then be given a wallet address, which is typically a long string of numbers and letters. Software wallets can be easier to use but do not offer the same level of protection as hardware wallets.
Ledger is a hardware wallet that safely stores keys for all ERC-20 tokens. It has two models: the beginner-friendly Ledger Nano S with basic features, and the more advanced Ledger Nano X, which offers additional storage and features for experienced users.
- Best For:ERC-20 tokensVIEW PROS & CONS:securely through Ledger Hardware Wallet's website
3. Make Your Purchase
Once you have a cryptocurrency wallet and a funded crypto brokerage account, you can send crypto from your brokerage account to your wallet. To do this, navigate to your investment on the platform and hit “Trade” and then “Send.” Enter in the address from your MetaMask or Ledger wallet and send the crypto.
You can then connect your cryptocurrency wallet to the Uniswap or Gate.io exchange. Navigate to the deserted pair of SAITAMA and ETH and execute the trade. After this, your Saitama will be stored in your cryptocurrency wallet.
What Is Saitama Inu (SAITAMA)?
SAITAMA is an ERC-20 token, meaning it is based on the Ethereum blockchain. It claims to be a store of value with protections in place to protect this value. For example, 2% of every token transaction is burned in order to retain the token's value. While in theory this should help maintain price, it hasn't proved to work in practice. It also has “anti-whale” procedures, meaning it hopes to prevent large investors from drastically affecting the price of the token. However, this feature is not fully functional and remains unclear. All of these features are par for the course of meme coins and rarely do anything but act as good talking points for the narrative. The only real driver of success with coins like Saitama Inu is the meme and its ability to spread. If the coin is marketed well and rises in popularity, there's a good chance it's price will increase too.
The meme token hopes to offer more decentralized finance (DeFi) features than other meme coins. This was essentially the playbook of Shiba Inu. It seemed to work out extremely well for SHIB but it likely wasn't the main driving factor. SHIB was propelled forward at least partially by the massive donation Vitalik Buterin made to the COVID-Crypto India Relief Fund after he was given 50% of the supply. The team recently launched its own cryptocurrency wallet, called SaitaMask wallet. The wallet is supposed to be a more efficient way to store crypto holdings. It is also hoping to unveil a marketplace and platform for non-fungible tokens (NFTs). However, this goal has yet to be achieved, making the coin’s value purely speculation. Again, even if it can deliver on these promises, Saitama Inu's value is heavily dependent on the continued propagation of the meme.
Brief History of Saitama Inu (SAITAMA)
SAITAMA began trading in May 2021. The pseudonymous creator, Ryoshi, abandoned the project shortly after its release, apparently due to personal reasons, and YouTuber Steve@RocketCrypto now leads the project. As of writing, SAITAMA has a market capitalization of $233,137 and is currently trading for around $0.0003498. This current price is 85% down from it's ATH price of $0.002467.
Where to Buy Saitama Inu (SAITAMA)
As discussed above, to invest in SAITAMA, you need to buy a widely-used cryptocurrency like Ethereum on reputable trading platforms, then exchange it for SAITAMA on Uniswap. Here are some of the best trading platforms to help you get started.
- Best For:Buying & selling DogecoinVIEW PROS & CONS:securely through Robinhood Crypto's website
Trade, Sell or Convert Your Saitama Inu (SAITAMA)
To convert your SAITAMA, navigate back to the cryptocurrency exchange and select the pair of the desired currency and SAITAMA. Execute the trade and you should have the desired crypto back in your cryptocurrency wallet.
To sell your cryptocurrency, you typically have the option to send your supported crypto back to the brokerage platform where you initially purchased it. Once the crypto is transferred back, you can sell it for fiat currency, such as USD, which allows you to convert your digital assets into traditional money. Alternatively, you may choose to hold on to your cryptocurrency as an investment if you believe its value will increase over time. This decision depends on your market outlook and financial goals, as market volatility can influence the profitability of either selling or holding your crypto assets.
Is Saitama Inu (SAITAMA) a Good Investment?
Saitama Inu is a mostly speculative coin as of right now. It has not shown many new features and is mostly riding on hype. If it can begin to release features that are useful and add to the token and the meme stays alive, the value may rise. However, most of these features are still in development and it is essentially impossible to predict whether the hype of a meme coin will survive (unless you happen to be Elon Musk).
Frequently Asked Questions
Can Saitama Inu reach 1 dollar?
It is possible that Saitama Inu reaches $1, however, very unlikely. With a max supply of one billion, for the token to reach $1 the market cap would have to reach $1 billion which is extremely unlikely.
Is Saitama crypto a good investment?
Saitama crypto could be a good investment if it can gain some footing. Watch the market stats carefully and only invest money you are prepared to lose while waiting for the meme token to grow in value.
About Caden Pok
Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.