How to buy Shiba Inu (SHIB) in Australia

Learn how to buy Shiba Inu (SHIB) easily by following a step-by-step guide and compare 10+ crypto exchanges.

CoinSpot Cryptocurrency Exchange

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How to buy Shiba Inu

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Shiba Inu.

  1. Open an account on an exchange that supports SHIB.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Shiba Inu.
  3. Buy Shiba Inu.
    Complete your Shiba Inu purchase and then find the best wallet to store SHIB.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Shiba Inu?

Shiba Inu (SHIB) was launched in 2020 by an anonymous individual known as Ryoshi. They created the SHIB token along with other projects within the Shiba Inu ecosystem such as LEASH and BONES. SHIB was added to Uniswap and started trading close to a price of $0. The founder of the project eventually gave half of the total supply to Vitalik Buterin. At the time the gift was worth billions of dollars. Buterin decided to donate some of the money, and burn the rest. SHIB has since made news by being connected to the memes surrounding Dogecoin. When Elon Musk tweets about Dogecoin, SHIB is inevitably brought into the conversation as the “dogecoin killer”. Most major exchanges have opted to list SHIB, and so it can now be bought on reputable platforms such as Crypto.com and Coinbase.

Shiba Inu (SHIB) is the 13rd largest cryptocurrency in the world by market cap, valued at $23,604,701,549. The current price of Shiba Inu is $0.00004298, which is -10.002% lower than yesterday. Prices have ranged between $0.0000478 and $0.00004249 over the past 24 hours. All prices are listed in US dollars and accurate as of December 02, 2021 02:12 UTC.

Where to buy Shiba Inu

Find an exchange to buy, sell and trade SHIB by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

293
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

310
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

271
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

123
cryptocurrencies

Buy 120+ different cryptocurrencies using AUD with competitive trading fees in the Australian market.
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, PayPal, Online banking, Skrill
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ more

27
cryptocurrencies

Disclaimer: Volatile investment product. You should consider whether you can afford to take the high risk of losing your money.
Copy the trades of leading cryptocurrency investors on this unique social investment platform. $50 minimum deposit.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

870
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

458
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit\/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
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Shiba Inu at a glance

Information last updated December 02, 2021 02:12 UTC.
Coin symbol SHIB
Coin Marketcap US$23,604,701,549
Total SHIB supply 1,000,000,000,000,000
Circulating SHIB 549,151,533,957,000
Current price US$0.00004298
All time high US$0.00008616
Industry Cryptocurrency, decentralised exchange
Token uses Cryptocurrency
Network Ethereum

Shiba Inu price performance over time

Historical prices compared with the price of US$0.00004298.

1 hour 0.87%
24 hours -10.00%
7 days 13.43%
14 days -11.08%
30 days -39.83%
60 days 442.19%
200 days 174.87%
1 year 66,886,268.09%

Recent Shiba Inu developments

October 2021: Shiba Inu (SHIB) rises 1000% to surpass Dogecoin (DOGE) in terms of market capitalization. The narrative that Shiba Inu is the "Dogecoin Killer" has come true.

How to sell Shiba Inu

You can cash out your SHIB with the same exchange you bought it through:

  1. Sign in to the exchange you have SHIB on.
    If you store your Shiba Inu in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of SHIB you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Shiba Inu.

What to consider when buying Shiba Inu

Cryptocurrencies are extremely volatile investments and therefore must be carefully risked. Based on historic price movements, meme tokens can pose an even greater risk, with heightened volatility. Before purchasing SHIB, here are a few things to consider:
  • Volatility: Meme tokens have historically been subject to an immense amount of financial turbulence. As a result, prices can fluctuate wildly, sometimes on a daily basis.
  • No use case: Unlike the majority of cryptocurrencies that solve tangible, real-world issues, Shiba Inu currently solves no underlying problem. While the token does carry value and therefore can arguably be used to perform transactions, it cannot be used for any specific actionable event.
  • Tokenomics: SHIB has a current total supply of 1 quadrillion tokens, with no upper limit. As more tokens continue to enter circulation, this could devalue the token, which likely makes it unsuitable as a long term store of value.
  • Digital ecosystem: Although the token holds no real value, the Shiba Inu website is developing its own ecosystem. The project actively encourages dog-inspired artists to support the ongoing Shiba art movement. Many are now making their way into the NFT space. The Shiba team is also working in conjunction with Amazon to create a donations portal to help rescue real Shiba Inu dogs. As the ecosystem grows, the SHIB token could develop a real-world utility.
  • Exchanges: More reputable exchanges such as Coinbase and Crypto.com are adding SHIB to their marketplaces. The listing of SHIB on these mainstream exchanges tends to bring with it a lot of attention from major players. On top of this, it signals long-term commitment from both the developers behind the project as well as the broader cryptocurrency community.
  • Unit Bias: Beware of unit bias. A token with 1 quadrillion units will always appear "cheap" on a unit basis. The unit price of a token does not mean that the token will increase in price more easily, nor is it meaningful in and of itself to own more units of the currency.
  • SHIB $1 Narrative: It is highly unlikely that Shiba Inu will ever reach $1 per SHIB. There is not currently enough money or value in the world to justify such a valuation for Shiba Inu coin. Any prediction of this nature should be disregarded as unfounded hype.

Coins similar to Shiba Inu (SHIB)

Disclaimer: Cryptocurrencies, including Shiba Inu, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SHIB is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Shiba Inu or any other cryptocurrency discussed.


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