How to buy SHIB in Australia

CEX.IO, a leading cryptocurrency exchange in Australia, offers Aussie enthusiasts a convenient and secure platform to acquire Shiba Inu (SHIB). With over 200 carefully vetted assets, our platform provides a diverse range of opportunities for those looking to enter the crypto market or diversify their portfolios. 

In this guide, we explore how to obtain crypto on CEX.IO. We’ll cover different methods available, how to deposit funds, and provide clear instructions to ensure a smooth experience. Read on and discover how to buy SHIB in Australia instantly on CEX.IO.  

What is Shiba Inu (SHIB)?

Shiba Inu was created in 2020 by an anonymous person (or group) known as “Ryoshi.” Like Dogecoin, SHIB has a meme-based origin and gained popularity due to its association with the Shiba Inu dog breed, hence the name. 

This is an ERC-20 token built on top of the Ethereum network. It has a massive supply of around 589 trillion tokens. 

Shiba Inu’s ecosystem comprises a variety of products, including ShibaSwap, a decentralized exchange (DEX), and SHIBarium, a layer-2 blockchain designed to potentially reduce transaction fees. Participants may also find Shib the Metaverse, Shiboshis, and SHibaNet valuable parts of the Shina Inu landscape. 

Shiba Inu is a community-driven token, meaning its development and promotion are heavily influenced by its robust community, known as SHIBArmy. 

Step-by-Step Guide: How to Buy Shiba Inu in Australia

Aussie participants can acquire SHIB on CEX.IO through various gateways. Those looking to explore our user-friendly price charts can trade SHIB against other fiat and digital currencies through Spot Trading. 

On the other hand, those looking to avoid trading complexities can obtain SHIB instantly through Instant Buy. This service allows eligible customers to buy SHIB using their favorite payment method at the current market price. 

Below, we outline the steps for acquiring SHIB through Instant Buy: 

1. Register with and verify your account (in less than six minutes). 
2. Navigate to Instant Buy from the dashboard or locate this functionality under the Products menu. 
3. Choose SHIB as your preferred cryptocurrency from the dropdown list of available assets.  
4. Select the fiat currency you want to use for your SHIB purchase. Currently, our platform supports USD, EUR, and GBP. 
5. Specify the amount of fiat you want to allocate for the purchase. 
6. Choose your preferred funding method. 
7. Follow the on-screen instructions to complete the transaction. 

Payment methods

CEX.IO offers a variety of convenient methods for those looking to obtain SHIB, including:

• Credit and debit cards
• Bank transfers
• Apple Pay
• Google Pay
• Skrill
• Neteller
• PayPal

In addition, eligible participants can use other financial services supported through our credit card functionality. For example, registered customers may use their Wise or Revolut cards to deposit funds on CEX.IO. 

Also, Australian enthusiasts should bear in mind that some of the abovementioned gateways may be unavailable in their jurisdiction. For example, PayPal is only available to U.S.-based users. Consequently, we encourage Aussie participants to explore available payment methods in their respective jurisdictions before attempting any SHIB purchases on CEX.IO. 

FAQs

How to find the best way to buy Shiba Inu?

Finding the best way to obtain SHIB starts and ends with thorough research. This means that every enthusiast should conduct due diligence and explore the best platforms and payment methods before committing to any exchange. When it comes to CEX.IO, a good start would be exploring our guides and tutorials on how to register, verify, and acquire crypto with various funding methods.  

Where to buy Shiba Inu in Australia?

Aussie participants can choose among a variety of local and international exchanges, such as CEX.IO. Australia-based users should bear in mind that different platforms offer distinct transaction fees, withdrawal limits, verification processes, and customer support levels. Based on these factors, enthusiasts should pick an exchange that best suits their needs. 

What are the fees for buying SHIB?

While purchasing SHIB may involve fees, it is crucial to note that these expenses vary between exchanges and payment methods. For example, buying SHIB on CEX.IO through bank transfer may come with zero fees, but the transaction time can take between 2 and 7 days. On the other hand, buying crypto with a credit or debit card is typically instant, but may incur additional expenses imposed by the card issuer.  

Do I need a SHIB wallet?

Yes, like any other cryptocurrency, SHIB also requires a wallet to store and manage SHIB tokens safely. It’s worth mentioning that by registering on CEX.IO, Australia-based participants receive a free custodial crypto wallet, which allows them to buy, sell, trade, and store not only SHIB but also other digital assets supported by our exchange, like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Tether (USDT).