How to Buy Shiba Inu (SHIB) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Shiba Inu, and is trustworthy!

You can find our top 3 exchanges for buying Shiba Inu here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Shiba Inu

And of course, the final step is to find Shiba Inu on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Shiba Inu (SHIB)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Shiba Inu

  1. Sign into the exchange
  2. Find where you stored your Shiba Inu, either on a hardware wallet or on the exchange.
  3. Transfer your Shiba Inu to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Shiba Inu.
Businessman looking at crypto trend

Considerations when looking to buy Shiba Inu.

What is SHIBA INU (SHIB)?

There was once a special dog. This dog was a Shiba Inu and inspired millions to invest in tokens featuring the dog's image.

According to SHIBA INU's website, SHIB is "DOGECOIN KILLER"; it is listed on their ShibaSwap and a DEX. Shiba Inu was anonymously created in August 2020 under the name "Ryoshi." Ryoshi claims that he is not important or a nobody. It would also be difficult to uncover his identity even if he succeeds.

The meme currency gained speed and value quickly as investors were attracted by its cute charm and headlines and tweets featuring prominent personalities such as Elon Musk or Vitalik Buterin. Although long believed to have created Shiba Inu's breed, Vitalik Buterin denied these rumors on the Lex Fridman Podcast on June 5, 2021.

Shiba Inu is aiming to be an Ethereum-based alternative to Dogecoin’s Srypt based mining algorithm. The SHIB token and Shiba Inu are part of a swarm dog-themed cryptocurrencies such as Baby Dogecoin, Dogecoin, JINDO INU(JIND), Alaska Inu/LASM and Alaskan Malamute Tokens (LASM). Investors who missed the Dogecoin pump at 0.0002 to almost 0.75 USD have been drawn to these lesser-valued tokens.

Shiba's success spurred a flood of copycats such as BitShiba Shiba Fantom Shibalana Shibalana Shibalana King Shiba SHIBAVAX Captain Shibarrow SHIBA2K22 SpookyShiba and many others. There are over 100 Shiba Inu copycats, and they keep growing.

Coinbase listed Shiba Inu as a cryptocurrency exchange on September 17, 2021. The news brought the meme dog token, Shiba Inu, back into the limelight.

Shiba Inu is now being sought after by other exchanges. Bitso, Mexico’s largest cryptocurrency exchange, announced that SHIB would begin trading on its platform in September. Giottus (an Indian crypto exchange) announced the same. Bitstamp, Europe's largest crypto exchange, announced that it would list Shiba Inu as a trading currency at the start of 2022. Korbit, a South Korean exchange that listed the SHIB token, was the first to do so in 2021.