How to buy Shiba Inu in Australia

What is Shiba Inu?

Shiba Inu is a meme token launched in 2020. It has a supply in the hundreds of trillions, so one SHIB costs a tiny fraction of a cent. It runs on Ethereum.

Live Shiba Inu price and chart ↗

Six steps.

1. Pick an exchange

   Most large exchanges list Shiba Inu. Check the exchange’s list of coins before you sign up. Compare fees with the fee calculator or see the best exchanges in Australia.

2. Verify your identity

   Exchanges registered with AUSTRAC must check your ID before you can trade. Have your driver licence or passport ready.

3. Deposit Australian dollars

   PayID and bank transfer are usually free. Card payments often cost extra.

4. Buy Shiba Inu

   Use the exchange’s order book (sometimes called Markets or Pro) where you can: it usually costs far less than the instant-buy button, which can add a spread. Search SHIB and enter the amount in dollars.

5. Decide where to keep it

   SHIB is usually withdrawn as an Ethereum (ERC-20) token to an address starting with 0x. Moving it from your own wallet needs ETH for the network fee, which can be large compared with a small SHIB balance. For larger amounts, consider a hardware wallet: see wallet security.

6. Keep records for tax

   Selling, swapping or spending crypto can create a capital gain. Note the date and dollar value of every trade. Estimate the tax.

What it costs on each exchange.

Published trading fee for one A$1,000 purchase, cheapest first. The same rates apply to Shiba Inu as to other coins on most exchanges, but order books only cover the pairs they list. Check that SHIB is available on the route you choose.

1. 1Binance spot, regular user0.1% · ReviewA$1.00Visit Binance ↗Official site
2. 2Bybit spot, non-VIP0.1% · ReviewA$1.00Visit Bybit ↗Official site
3. 3CoinJar Exchange entry tier0.1% · ReviewA$1.00Visit CoinJar ↗Official site
4. 4CoinSpot Markets0.1% · ReviewA$1.00Visit CoinSpot ↗Affiliate link
5. 5KuCoin spot, Level 00.1% · ReviewA$1.00Visit KuCoin ↗Official site
6. 6OKX global taker, regular0.1% · ReviewA$1.00Visit OKX ↗Affiliate link
7. 7Crypto.com Exchange taker, level 10.5% · ReviewA$5.00Visit Crypto.com ↗Affiliate link
8. 8Digital Surge standard0.5% · ReviewA$5.00Visit Digital Surge ↗Affiliate link
9. 9Independent Reserve entry tier0.5% · ReviewA$5.00Visit Independent Reserve ↗Official site
10. 10Swyftx standard0.6% · ReviewA$6.00Visit Swyftx ↗Affiliate link
11. 11BTC Markets entry tier0.85% · ReviewA$8.50Visit BTC Markets ↗Official site
12. 12CoinJar app1% · ReviewA$10.00Visit CoinJar ↗Official site
13. 13CoinSpot Instant1% · ReviewA$10.00Visit CoinSpot ↗Affiliate link
14. 14Kraken Instant1% · ReviewA$10.00Visit Kraken ↗Affiliate link

Try a different amount in the fee calculator ↗

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