How to buy Shiba Inu coin (SHIB) in Australia

What is Shiba Inu?

Similar to Dogecoin, SHIBA INU (SHIB) is a meme coin that aims to create a decentralised community. A decentralised exchange called ShibaSwap will be introduced as a component of the SHIB ecosystem.

Where can I buy SHIB?

Since SHIB such a popular coin, so you will get many cryptocurrency exchanges. If you are new in crypto, so you need to make sure that you are buying a legitimate site. For Australians, I suggest you regrading cryptocurrency exchanges. Here are 3 top crypto exchanges in Australia.

Best Crypto Exchanges in Australia:

  1. Bybit Exchange  Best overall for Australians, lowest fees
  2. CoinSpot Exchange – Most trusted and secure in Australia
  3. Swyftx Exchange  Best for practicing with demo mode

I recommend you for buying Shiba Inu Coinspot because it is user-friendly, and has free deposits and withdrawals. It is also the most secure and trusted crypto exchange in australia.

How do I buy Shiba Inu Coinspot?

For buying Shiba Inu from Coinspot follow the step below.

  1. First Sign up to CoinSpot. Register for a CoinSpot account here & verify in minutes.
  2. Deposit & buy. Deposit AUD into your account & enter the amount of AUD you want to trade for SHIB and click “Buy”.
  3. That’s it! You now own some Shiba Inu! You can click “Go to SHIB Wallet” to see your Shiba Inu.

Why Should I Trade SHIB with CoinSpot?

I told you above that Coinspot is Australia’s largest secure and trusted cryptocurrency platform. We can easy to buy and sell Shiba Inu user-friendly. And other International and Shiba Inu exchanges that require experience and technical knowledge.

What will I need to buy Shiba Inu?

To create an account crypto platform, You only need an email address and mobile number. This will usually allow you to deposit cryptocurrency, but not AUD.

If you want to buy Shiba Inu with Australian dollars, then you’ll need to pass a Know Your Customer (KYC) check.

This is a security procedure for crypto exchanges in Australia and requires you to upload a photo ID, and in some cases a selfie with today’s date.

KYC is usually approved instantly.

What are the best ways to buy Shiba Inu?

After set up your account, you’ll need to deposit funds to buy Shiba Inu. We’ve listed some ways to buy SHIB and what you should know about each payment method below.

A. Bank Deposit
Many exchanges support free and instant bank transfers in Australia.

B. Credit Card and Debit Card
If you are a new user, this is the easiest option to purchase Shiba Inu (SHIB).

C. Buy Shiba Inu with another crypto
You can swap any cryptocurrency you already own for SHIB using the “swap” or “convert” service on some platforms. This lets you instantly exchange one crypto for another even if there is no trading pair on the spot market.

What is the cheapest way to buy Shiba Inu?

Shiba Inu Coinspot has a migratory exchange rate – meaning its price is set by individual vendors base on available supply and demand. As Shiba Inu is a globally traded asset, the price can vary across the world base on order books, volume, exchange rates and service fees of each individual Shiba Inu exchange.

How much does Shiba Inu cost to buy?

Cryptocurrency varies from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy shiba inu Australia whole coins. This means you can start investing in Shiba Inu & other digital currencies with as little price  as $1!

Can you convert Shiba Inu Coinspot to cash?

Yes! With CoinSpot you can convert your Shiba Inu to AUD (Australian dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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