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How to buy Shiba Inu in Australia

How to buy Shiba Inu in Australia

Dylan Matthews
Fact Checked
August 9, 2022

Summary: CoinSpot is the best exchange to buy Shiba Inu from in Australia. They offer free AUD deposits and fees as low as 0.1% to trade over 300 different cryptocurrencies.

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How to buy Shiba Inu (SHIB) Australia

Many investors in Australia believe that Shiba Inu (SHIB) token is on its way to being the next Dogecoin after a big run up in price throughout 2021. However, investors in Australia are still unsure how to purchase Shiba Inu with the Australian bank accounts. We recommend CoinSpot as the safest, cheapest and easiest way to buy SHIB tokens.

You can follow our simple guide below to get started.

  1. Sign up to CoinSpot Australia.
  2. Deposit AUD via any available Deposit Method.
  3. Find the Shiba Inu token.
  4. Input the AUD amount you want to invest and select 'Buy'.
Buy Shiba Inu Australia with CoinSpot

You can also buy Shiba Inu on other Australian exchanges like SwyftX or Digital Surge. For comparisons, read our CoinSpot vs SwyftX guide, or CoinSpot vs Digital Surge guide.

What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) is a decentralized cryptocurrency that was created with the Dogecoin community in mind. Shiba Inu aims to provide a fun and easy way to get started with cryptocurrency. Unlike other cryptocurrencies, Shiba Inu has no pre-mine, no ICO, and no dev tax. All of the supply has been distributed to the community through various airdrops and giveaways.

Shiba is built on the Ethereum blockchain and utilizes the ERC-20 token standard. Shiba Inu has a total supply of 1,000,000,000,000 SHIB. The project is led by an anonymous team of developers. The team's goal is to create a simple and intuitive cryptocurrency that is easy for everyone to use.

The token is currently listed on a number of exchanges, including Binance, Huobi, and OKEx. The project has a strong community following on social media platforms such as Twitter and Reddit.

SHIBA Token

What is Shibaswap?

Shibaswap is a decentralized exchange (DEX) for Ethereum-based tokens that uses the Automated Market Maker (AMM) model. It is built on the Ethereum network and allows users to trade ERC20 tokens without having to go through a centralized exchange. Shibaswap is powered by the Shiba Inu token (SHIB), which is used to provide liquidity to the platform.

Shibaswap was created with the goal of becoming the most user-friendly and accessible DEX on the market. The platform has a simple interface that makes it easy to use, even for those who are not familiar with cryptocurrencies. Moreover, Shibaswap does not require users to go through a KYC (Know Your Customer) process, which makes it more private than other exchanges.

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Dylan Matthews

I am the Founder & CEO of Buy Bitcoin Bank and was previously an engineer for a Prop trading firm in Crypto.

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