Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Shiba Inu. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent number of trusted and regulated crypto exchanges, so it’s quite easy finding an exchange that has Shiba Inu. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Shiba Inu in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Shiba Inu in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Shiba Inu, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Shiba Inu.
Also, check out our comparison of the best bitcoin brokers in Australia if you’re curious to know more about which exchanges we would recommend.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Shiba Inu, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Shiba Inu
The final step is to go to their asset list, find Shiba Inu, navigate to the buy section, and then trade your AUD for some SHIB. Once you’ve bought Shiba Inu, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Shiba Inu (SHIB)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
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How to Sell Shiba Inu
If you’re thinking about selling Shiba Inu, just follow the steps below.
- Sign in to the cryptocurrency exchange (like Swyftx).
- Click on Shiba Inu in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Shiba Inu for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Shiba Inu in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Shiba Inu with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Shiba Inu. Have a look on their site first, you might be lucky.
How to buy Shiba Inu with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Shiba Inu with your credit/debit card.
About Shiba Inu
What is SHIBA INU?
Once there was a special dog. The Shiba Inu was the dog that inspired millions of people to invest in tokens with his image.
SHIBA INU's website states that SHIB is "DOGECOIN KILTER". It is listed on ShibaSwap as a DEX. Shiba Inu was created anonymously under the name Ryoshi in August 2020. Ryoshi claims he isn't important or a nobody. Even if Ryoshi succeeds, it would be difficult to discover his identity.
The meme currency quickly gained popularity and value as investors were drawn by its cute charm, headlines and tweets featuring prominent figures such as Vitalik Buterin and Elon Musk. While long believed to be the creator of Shiba Inu's breed of Shiba, Vitalik Buterin dispelled these rumors in his Lex Fridman Podcast on June 5, 2021.
Shiba Inu aims to be an Ethereum-based option to DogecoinaEUR (tm)'s Srypt-based mining algorithm. The SHIB token, Shiba Inu, and JINDO INU(JIND) are part of a group of dog-themed cryptocurrency such as Baby Dogecoin and Dogecoin. These tokens are less valuable and have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.
Shiba's success sparked a flood copycats like BitShiba Shiba Shibalana Shibalana Shibalana Shibalana Shibalana Shibalana Shibalana Shibalana Kings Shiba SHIBA2K22 SpookyShiba, and many more. Over 100 Shiba Inu copycats exist, and they continue to grow.
Coinbase listed Shiba Inu on September 17, 2021 as a cryptocurrency exchange. This news brought back the meme dog token Shiba Inu.
Other exchanges are now interested in Shiba Inu. Bitso, MexicoaEUR (tm)'s largest cryptocurrency exchange announced that SHIB will begin trading on its platform in September. Giottus, an Indian crypto exchange, announced the same. Bitstamp, Europeâ€™s largest crypto exchange announced it would list Shiba Inu at the beginning of 2022 as a trading currency. Korbit, a South Korean exchange, listed the SHIB token in 2021.