How to buy Shen (SHEN)

Shen Price (24H)
$0.602837
+9.53%

Buy Shen (SHEN) in 3 easy steps

Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.

How to Buy Shen (SHEN) on LBank – Step-by-Step Guide

Before you begin, decide how you’d like to pay:

Pay with fiat

If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Shen (SHEN). LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.

Pay with other cryptocurrencies

If you already hold other cryptocurrencies, you can trade them for Shen (SHEN) on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Shen (SHEN).

LBank supports multiple payment methods

You can use the following payment methods to purchase Shen (SHEN) on LBank:
Debit card
Credit / Debit Card
Paypal
Apple Pay
Google Pay

Mobile app guide

1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”

Desktop guide

1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Shen (SHEN) you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”

P2P Trading

Buy Sell
Merchant
Price
Amount | Limit
Payment Method
Action
0.988 USD
5,000.00 USDT
300.000 - 2,000.000USD
Bank Transfer
1.006 USD
12,384.65 USDT
50.000 - 5,000.000USD
Wing Money
True Money (Cambodia)
Bank Transfer (Cambodia)
1.007 USD
155.31 USDT
10.000 - 15.000USD
Wing Money
ABA (Cambodia)

What is Shen (SHEN)?

## What are Reserve Coins? In simple terms, Reserve Coins are digital tokens that maintain the algorithmic peg of stablecoins. By trading Reserve Coins, users can contribute to the stablecoin mechanism by providing the appropriate liquidity to maintain a sufficient peg ratio. By utilizing a reserve, base fees can be charged, collected, and pooled for transactions facilitated by the underlying stablecoin. Reserve Coin holders then get a share of this transaction pool as an incentive for their participation in maintaining the stablecoin peg ratio. Before the launch of Djed, we will be implementing a Reserve Coin that will serve this function of maintaining Djed’s peg and liquidity stability. We have provided some details on this below. ## What is Shen (SHEN)? Continuing with the ancient Egyptian theme, we picked Shen as the name for Djed’s Reserve Coin. The Shen is a symbol of both royalty and symmetry. It has a deep connection with infinity, eternity, protection, and completeness given its circularity. During our brainstorming sessions, we found this name to convey the characteristics and properties of Djed’s Reserve Coin appropriately. By buying and selling Shen, users are able to maintain Djed’s USD currency peg while earning a share of transaction fees in the reserve pool. Since the Reserve Coin is a tradable asset, holders can also profit from the short-mid term price fluctuations as an added incentive. We look forward to providing more information as we approach the official launch.

Is Shen (SHEN) a good investment?

Whether Shen (SHEN) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.

Before investing in Shen (SHEN) or any cryptocurrency, consider the following:

Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.

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Buy Shen (SHEN)

SHEN / USDT
$0.602837
+9.53%24H
Today's real-time price of Shen (SHEN) is $0.602837, with a 24-hour trading volume of $2,846.909. We update SHEN to USD price in real-time. The 24-hour market performance of SHEN is
+9.53%
Buy now

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Buying Shen (SHEN) in other countries?

No matter where you are, as long as you can use LBank, you can easily buy Shen with the lowest fees and the highest security. Select your country in the search box below to start buying Shen in your preferred location:
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Customer Support Team

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