How to Buy Shiba Inu in Australia in 2025 For Beginners

Interested in learning how to buy Shiba Inu cryptocurrency in Australia but not sure where to begin? This guide simplifies the process, helping you find the safest way to buy SHIB in 2025.

This guide will explain you everything you need to know about Shiba Inu (SHIB). We discuss reasons to invest in the the meme coin, provide you with a detailed step-by-step guide to buying your first SHIB coins on one of the best crypto exchanges.

How To Buy Shiba Inu In Australia 2025 – 4 Simple Steps

Opting for an ASIC-licensed platform like eToro allows you to set up an account and invest in Shiba Inu within minutes.

• Create an eToro Account – To begin, navigate to the eToro website and create an account. This involves providing basic contact details and personal information. Additionally, you’ll need to upload identification documents to verify your account.
• Deposit Funds – As a first-time user, you only need to deposit $50 into your eToro account. Australians have various deposit options, including debit or credit cards, local bank transfers, or e-wallets like PayPal.
• Search for Shiba Inu – Finding Shiba Inu on eToro is straightforward. Use the search bar to type in the cryptocurrency asset’s name and click the ‘Trade’ button.
• Buy Shiba Inu in Australia – The final step involves entering the desired investment amount in the ‘Amount’ field and confirming your Shiba Inu investment by clicking the ‘Open Trade’ button.

Where to Buy Shiba Inu In Australia Right Now – Top Crypto Exchanges

For those in Australia seeking to delve into the world of cryptocurrency and specifically acquire Shiba Inu Coin, navigating the plethora of available exchanges can be daunting. In this guide on how to buy Shiba Inu Coin in Australia, we will first review some of the top crypto exchanges in Australia. It offers insights into their features, user experience, and suitability for purchasing Shiba Inu Coin.

1. eToro – The Best Crypto Exchange To Buy Shiba Inu In Australia

eToro stands out as the premier platform for buying Shiba Inu in Australia, primarily due to its steadfast adherence to regulatory standards and cost-effective pricing model. Regarding accessibility, users can effortlessly deposit funds into their eToro accounts using debit or credit cards, incurring a mere 0.5% fee.

eToro boasts a highly competitive and transparent pricing structure in terms of trading fees. This entails a nominal 1% charge of the trade size in addition to the prevailing market spread. Following your investment in Shiba Inu, your tokens will be securely stored in your eToro web wallet, ready for retention until you convert them back into Australian dollars.

Key Features of eToro

eToro offers several key features that make it an attractive choice for traders, particularly those in Australia looking to invest in Shiba Inu. One notable feature is its flexible fund deposit options, allowing users to deposit funds with a low fee of 0.5% when using e-wallets like PayPal or Skrill or through a local bank transfer. Additionally, new clients opening an eToro account from Australia need only deposit $50, catering to those with limited capital who wish to invest in Shiba Inu online.

Safety is also a top priority for eToro, as evidenced by its ASIC (Australia) regulation, ensuring a secure and well-regulated platform for various trading options, including crypto trading.

eToro offers enhanced security measures through its crypto wallet, where assets are directly stored on the blockchain without interference from eToro. This feature provides added protection for traders’ assets. Additionally, the platform supports two-factor authentication and encourages account holders to enable this feature, further bolstering the security of funds.

Related: How to Buy Shiba Inu on eToro – Complete Beginners Guide

Why Choose eToro?

There are several compelling reasons to choose eToro as your preferred platform. Firstly, if you’re seeking access to a diverse array of digital currencies, eToro offers the opportunity to invest in cryptocurrency across 60 tokens. This includes popular coins such as Bitcoin, Decentraland, Chainlink, Uniswap, AAVE, Ethereum, Cardano, etc.

Moreover, eToro provides the convenience of investing in a smart portfolio through a single trade, granting access to over a dozen different cryptocurrencies. These crypto smart portfolios are professionally managed on behalf of users, streamlining the investment process. Australians appreciate eToro’s copy trading feature, allowing them to replicate experienced investors’ investment strategies automatically.

For those who prefer more control over their Shiba Inu coins, eToro offers the option to download the eToro crypto wallet for iOS or Android devices. This wallet comes equipped with a range of security tools and is regulated by the Gibraltar Financial Services Commission, ensuring the safety of users’ assets. Furthermore, the eToro wallet facilitates in-app token exchanges across over 500 pairs, enhancing flexibility and convenience.

Pros & Cons:

Crypto assets are unregulated and highly speculative. Capital at risk.

2. Binance – Top Crypto Exchange With A Wide Asset Selection

Binance is primarily recognized for facilitating crypto-to-crypto trading, where users trade between two cryptocurrency pairs. It stands out for its exceptionally low cryptocurrency transaction fees. Notably, it boasts high liquidity and offers discounts to users who pay transaction fees using BNB, the exchange’s native cryptocurrency token.

As the largest crypto exchange worldwide in terms of trading volume, Binance offers a comprehensive range of features. Traders utilizing the Binance exchange benefit from access to over 600 supported cryptocurrencies and more than 1,000 markets. This provides ample opportunities for diverse trading strategies.

Key Features of Binance

Binance offers a range of key features that make it a preferred choice for cryptocurrency traders. The platform boasts super-low commission fees, with users able to buy SHIB in Australia at a commission of just 0.10% once funds are deposited into their Binance account. While fees may apply for depositing funds via debit or credit card, bank transfers and BPAY payments are free of charge.

Moreover, Binance allows users to earn yields on their Shiba Inu tokens through crypto savings accounts. Although the yield is 0.5%, these flexible savings plans add value to the platform’s offerings. Binance offers a highly flexible trading environment, allowing for a minimum deposit as low as $1, catering to traders of all financial capacities. With leverage of up to 1:10 available for select cryptocurrency pairs, Binance provides traders with the potential for enhanced profit-making opportunities.

Why Choose Binanace?

When considering where to purchase Shiba Inu Coin in Australia, Binance is a standout choice for several reasons. Binance offers users the flexibility to store their Shiba Inu tokens in their crypto wallets or securely hold them in their Binance accounts. Additionally, users can trade their Shiba Inu for other cryptocurrencies or stake them on Binance Earn to generate passive income. For those interested in decentralized exchanges, Trust Wallet provides support for millions of assets and blockchains, facilitating seamless trading experiences.

Binance Staking enables users further to enhance their investment potential through passive income generation. Users can maximize their earnings while enjoying reduced fees by staking a variety of crypto assets, including USDT, BNB, and DAI, or exploring DeFi Staking options.

Furthermore, with the Binance Crypto Card, users can easily convert and spend their favorite cryptocurrencies at over 60 million merchants worldwide. By transferring crypto from their spot wallet to their card wallet, users can seamlessly utilize their crypto assets for everyday transactions anytime and anywhere.

Binance Pros & Cons:

3. Crypto.com – The Best Platform To Buy SHIB For Beginners

Another reputable exchange worth considering when determining where to purchase Shiba Inu is Crypto.com. Established in 2016, Crypto.com has emerged as a prominent player in the global crypto landscape. Alongside conventional exchange services, the platform provides a comprehensive suite of offerings, including crypto interest accounts, loans, debit cards, and more.

Crypto.com presents an attractive option for Australian users seeking a user-friendly yet feature-rich platform accessible via mobile devices. Beyond facilitating buying and selling activities, Crypto.com’s ‘Earn’ feature offers a diverse selection of 47 coins. It incentivizes users to retain their assets on the platform.

Key Features of Crypto.com

Examining its fee structure, Crypto.com applies a competitive standard commission of 0.4% per transaction, translating to just $4 for every $1,000 invested in Shiba Inu. Notably, the platform boasts a diverse selection of over 250 supported digital currencies, catering to a wide range of trading preferences.

A standout feature of Crypto.com is the opportunity to earn interest on Shiba Inu investments, with the maximum yield currently reaching 5% per year. However, to access this benefit, users must stake CRO tokens, Crypto.com’s native token, and commit to locking their Shiba Inu assets for three months.

Another notable offering from Crypto.com is its Visa debit cards, available free of charge to users who stake at least $500 worth of CRO tokens. These cards can be loaded with AUD and used like regular debit cards at any Visa-accepting store with no associated fees. Users can enjoy up to 5% cashback on purchases made in AUD, providing an opportunity to earn cryptocurrency with every card transaction.

Why Choose Crypto.Com?

Opting for Crypto.com to acquire SHIB coin in Australia offers convenient deposit methods. Users can fund their accounts via local bank transfers or debit/credit cards. While card deposits are processed instantly, they may incur higher fees, whereas bank transfers are fee-free but may take a few days to clear.

Crypto.com’s website features comprehensive educational materials and in-depth market research and analysis, providing valuable insights for traders. However, customer support options are limited to chat support, which may be perceived as a drawback for some users.

Continuously evolving, Crypto.com regularly introduces new updates and features to enhance user experience. Recently, the addition of Omni Network (OMNI) to the Crypto.com App expanded the platform’s offering to over 250 supported cryptocurrencies and stablecoins, including popular assets such as Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Cronos (CRO). OMNI tokens, serving as governance and staking assets, contribute to network security and offer rewards for holders, further enriching Crypto.com’s ecosystem.

Pros & Cons

What Is Shiba Inu?

Now that you know where to buy SHIB, let’s understand the cryptocurrency a bit deeper before diving into the fundamentals of how to buy Shiba Inu Coin in Australia. Shiba Inu, denoted as SHIB, functions as an Ethereum-based digital currency symbolized by the iconic Japanese dog breed. Often referred to as “The Dogecoin Killer,” SHIB has emerged as a noteworthy alternative to Dogecoin in the world of cryptocurrencies.

Originally launched by a group known as Ryoshi in August 2020, Shiba experienced a remarkable surge in value on October 29th, 2021, reaching an astonishing market capitalization of $41 billion. However, its fortunes took a sharp downturn on May 31st, 2022, plummeting to $6 billion. Despite this significant setback, Shiba remains one of the leading meme cryptocurrencies globally.

Shiba Inu Coin functions as a decentralized digital currency, promoting community engagement and supporting development initiatives within the Shiba Inu Ecosystem.

What Is Shiba Inu Ecosystem?

Understanding the Shiba Inu ecosystem is crucial for any investors planning to buy SHIB. This ecosystem serves as an open-source network of decentralized applications (DApps), protocols, and platforms designed to facilitate the creation of smart contracts and DApps on the Ethereum blockchain.

It’s a unique and vibrant community where individuals converge to celebrate their affection for the Shiba Inu breed. This community encompasses a diverse range of enthusiasts, from those who admire the breed to others who are deeply involved in breeding and showcasing Shiba Inus. It serves as a hub for individuals to exchange insights, gain knowledge, and offer mutual support in their respective endeavors.

The Shiba Inu ecosystem also hosts the Shiba Inu token (SHIB), an ERC-20 token crafted as a playful homage to the popular cryptocurrency, Dogecoin (DOGE). Within the ecosystem, SHIB is utilized to purchase goods and services, contributing to the vibrant and dynamic environment fostered by the Shiba Inu community.

Is Shiba Inu Coin A Good Investment?

Now that you are familiar with how to buy Shiba Inu Coin in Australia, the next crucial question is whether SHIB is a sound investment. In recent times, numerous meme coins have garnered attention within the crypto sphere, prompting curiosity about investing in established options like Shiba Inu. Frequently likened to Dogecoin, SHIB has attracted mainstream interest and undergone notable price fluctuations as a consequence.

Distinguishing itself from DOGE, SHIB is compatible with the Ethereum ecosystem. This compatibility has enabled the community to develop crypto applications such as ShibaSwap, a decentralized exchange (DEX) facilitating token trading and staking without intermediaries.

Despite the potential for significant returns, particularly amid the rising interest in alternative coins, it’s essential to approach Shiba Inu, or any memecoin, with caution when considering it as an investment. Given its origins as a memecoin and the inherent volatility of the crypto market, investments in Shiba Inu are often perceived more as speculative ventures than calculated investments. Investors must conduct thorough research and exercise prudent judgment before committing funds to SHIB or any similar asset. Let’s look deeper into some of the key benefits of investing in SHIB.

Don’t miss: Best Cryptocurrency Trading Platforms In Australia 2025

Community Support And Widespread Adoption

Shiba Inu is frequently hailed as an experiment in community cohesion. Interestingly, the token’s progress and expansion stem from a devoted community of Shib enthusiasts rather than a central governing body.

A significant catalyst propelling SHIB’s growth potential is its broad adoption and acknowledgment in mainstream circles. With the growing acceptance of cryptocurrencies among individuals and institutions alike, SHIB stands to gain from heightened exposure and investor engagement. An active base of supporters can be found on various social media platforms. These members engage in activities such as trading, holding tokens, and advocating for the Shib project, contributing to its ongoing development and visibility.

Launch of Shibarium

Shiba Inu unveiled its layer-2 blockchain network, Shibarium, on August 16th, though its launch was initially paused and later resumed. Shibarium is set to furnish Shiba Inu with its dedicated blockchain infrastructure, with participants being rewarded in the form of the BONE token. This move represents a significant step forward for Shiba Inu, as it solidifies its presence in the blockchain ecosystem and introduces a new avenue for decentralized transactions and activities.

Micro-Value Token

An additional incentive for purchasing Shiba Inu in Australia is the opportunity to acquire a significant number of tokens without committing large sums of investment capital. SHIB’s low entry barrier is particularly appealing to retail investors who seek to seize the next significant opportunity in the crypto market. With its modest price and considerable speculative potential, SHIB remains an enticing choice for those aiming for substantial gains in 2024.

To illustrate, let’s consider investing $200 at a price of $0.00002671 per token. This investment would yield more than 7.4 million Shiba Inu tokens.

The same $200 investment in Ethereum would only afford you 5.7% of a single ETH token. This stark contrast highlights the accessibility and potential value proposition that SHIB offers to investors seeking to maximize their holdings within a reasonable budget.

Introduction of Shi

Shiba Inu is gearing up to introduce the Shi stablecoin, which will be accessible on the Shibarium layer-2 blockchain. The primary objective behind the creation of the Shi stablecoin is to enhance the value proposition and utility of Shiba Inu. Reports suggest that it will be pegged at a value of $1, aiming to provide stability and reliability within the Shiba Inu ecosystem. This development marks a significant milestone for Shiba Inu as it expands its offerings and establishes its presence in cryptocurrency.

Launch of Own Metaverse

Shiba Inu is set to unveil its very own metaverse, titled SHIB: The Metaverse. The project has generated significant buzz, with over 100,000 virtual land plots already made accessible, many of which were swiftly acquired prior to the official launch. The chief developer of Shiba Inu, known by the pseudonym Shytoshi Kusama, has disclosed that the metaverse will be created in partnership with a prominent AAA game studio, promising an immersive and high-quality virtual experience for participants. This venture represents a bold step forward for Shiba Inu as it ventures into the realm of virtual worlds, offering users exciting opportunities for exploration and engagement within the SHIB ecosystem.

All Tier-1 Exchanges List Shiba Inu

Yet another sign bolstering the case for Shiba Inu is the widespread availability of the token on virtually every tier-one exchange within the cryptocurrency market.

This encompasses well-known platforms such as eToro, Crypto.com, Binance, Coinbase, Gate.io, Huobi, FTX, Kraken, and others. The extensive presence of Shiba Inu across these esteemed exchanges not only enhances the project’s credibility but also signifies its potential longevity. Securing a listing on a single tier-one exchange is a challenging feat in itself, making Shiba Inu’s availability on all top-rated platforms a noteworthy achievement and a testament to its enduring presence in the crypto landscape.

Increasing Utilities of ShibaSwap

The team behind Shiba Inu is actively seeking to demonstrate that their digital token transcends its origins as a meme coin. One significant initiative towards this goal is ShibaSwap, a decentralized exchange platform designed to enhance the utility and functionalities of the SHIB token ecosystem.

As mentioned above, launched in July 2021, ShibaSwap draws inspiration from SushiSwap, a prominent decentralized exchange platform that originated as a fork of Uniswap, the world’s leading DEX by volume. However, unlike its counterparts, ShibaSwap primarily focuses on augmenting the utility of Shiba Inu.

ShibaSwap is a decentralized exchange where investors can trade Shiba Inu tokens and participate in staking activities. Users can also earn yields by providing liquidity to Shiba Inu liquidity pools.

Furthermore, Shiba Inu has plans to introduce additional features, including an NFT marketplace and a metaverse, in the future. As Shiba Inu continues to expand its crypto ecosystem through initiatives like ShibaSwap, this development can be viewed as a positive progression for the value and viability of its token.

Different Waysto Buy Shiba Inu in Australia

Once you’ve researched the Shiba Inu project thoroughly, the next step is to explore the various methods available for purchasing Shiba Inu in Australia. When using an online exchange, you’ll typically have access to several payment methods, including:

Buy Shiba Inu With a Credit Card or Debit Card

Opening an account with platforms like eToro or Crypto.com, which support all major card issuers, including Visa, MasterCard, and Maestro, is convenient for buying a Shiba Inu in Australia with a credit or debit card.

When it comes to fees, eToro emerges as the favorable choice. With just a 0.5% charge on debit/credit card deposits made in Australian dollars, eToro offers a cost-effective solution for purchasing Shiba Inu. Additionally, transactions on eToro are processed instantly upon uploading the required identification documents, ensuring swift access to Shiba Inu tokens.

Buy Shiba Inu With Paypal

If you want to buy Shiba Inu with PayPal, eToro and Coinbase are the primary options. However, Coinbase imposes a substantial 3.99% fee on PayPal deposits, making it a less favorable choice.

On the other hand, eToro offers a more attractive proposition with a mere 0.5% fee on all supported e-wallet deposits, including PayPal. Opting for eToro ensures a cost-effective method for purchasing Shiba Inu with PayPal, minimizing transaction costs and maximizing the value of your investment.

Bank Transfer

Many online exchanges accept bank transfers as a payment method. To purchase a Shiba Inu, you can transfer funds from your Australian bank account directly to the exchange’s bank account.

Brokerage services

Indeed, certain brokerage platforms and financial service providers extend their offerings to include cryptocurrencies like Shiba Inu (SHIB) as part of their investment products.

Prominent examples within this category encompass platforms such as eToro and Revolut. These services enable users to access a diverse range of investment opportunities, including cryptocurrencies like SHIB, alongside traditional financial instruments.

However, verifying the availability of Shiba Inu (SHIB) on your specific brokerage platform is crucial to ensure accurate and up-to-date information. Each platform may have its own set of supported cryptocurrencies, so conducting due diligence before making investment decisions is advisable.

Peer-to-peer Trading

In addition to traditional methods, another way of buying SHIB is through peer-to-peer (P2P) trading. P2P trading is regarded as one of the most efficient methods, characterized by its simplicity and lack of intermediaries. In this type of trading, buyers and sellers interact directly, eliminating the need for third-party involvement.

Several platforms facilitate P2P trading by serving as intermediaries. One notable example is Binance, which offers a P2P trading feature for users to buy and sell cryptocurrencies directly with each other.

It’s essential to note that platforms offering P2P trading may not always list Shiba Inu directly. However, some may be open to trading Shiba Inu for various fiat currencies or other cryptocurrencies when engaging with other users. Therefore, P2P trading presents a flexible and adaptable approach to acquiring Shiba Inu, allowing users to negotiate directly with fellow traders to meet their specific needs and preferences.

Over-The-Counter Trading

Over-the-counter (OTC) trading is a specialized form of trading primarily catering to institutional investors or large-volume traders. This method is referred to as “over-the-counter” because it involves personalized assistance, which sets it apart from other types of trading services.

Through OTC trading, investors receive tailored support for trading cryptocurrencies, including Shiba Inu. This personalized assistance ensures that investors can execute trades efficiently and effectively, with dedicated guidance and support throughout the process. OTC trading is particularly beneficial for investors seeking to execute large trades or navigate complex transactions, as it provides a high level of service and expertise to meet their specific needs.

Also Read: Shiba Inu Price Prediction & Forecasts

Best Way to Buy Shiba Inu in Australia

Now that you know of different ways to buy Shiba Inu in Australia, there may be confusion surrounding which one to choose. Due to its status as a top-20 crypto asset by market capitalization, various avenues are available regarding purchasing the Shiba Inu Coin in Australia.

For instance, platforms like eToro or Crypto.com offer direct access to buy Shiba Inu in Australia without the need to engage with other market participants or concern yourself with liquidity issues.

However, if you opt for a traditional cryptocurrency exchange, the process may become more complex, particularly if Shiba Inu market trading volumes are low.

Additionally, unlicensed conventional exchanges rarely facilitate the purchase of Shiba Inu with Australian dollars. Instead, you may need to fund your account with another cryptocurrency, such as Bitcoin, requiring you to first acquire Bitcoin and transfer it from your crypto wallet.

However, this approach proves only effective if you currently possess cryptocurrency tokens. Therefore, the optimal method for buying Shiba Inu in Australia is to utilize a regulated exchange that accepts Australian dollars.

Where to Keep Shiba Inu?

When it comes to buying Shiba Inu Coin in Australia, it’s crucial to consider where to securely store your investment. Just like with any form of cryptocurrency, safeguarding Shiba Inu is paramount once it’s in your possession.

The safest option for storing your Shiba Inu is a cryptocurrency wallet, which offers several notable advantages:

• Enhanced Security: By utilizing a wallet for your cryptocurrency, you can restrict unauthorized access, as only you have control over it. This significantly reduces the risk of theft or unauthorized transactions.
• Risk Mitigation: With exclusive access to your wallet, the risk of theft or unauthorized access is minimized, providing peace of mind and ensuring the security of your investment.
• Peace of Mind: Knowing that your Shiba Inu is stored in a secure wallet allows you to remain calm and composed, free from concerns about potential theft or loss.

Overall, storing your Shiba Inu in a cryptocurrency wallet offers a secure and reliable solution, ensuring the safety and integrity of your investment.

Types of Wallets

When it comes to storing your Shiba Inu coins, there are a variety of wallet options available in the market. Understanding the different types can help you make an informed choice based on your preferences and requirements. Here are the main types of wallets:

Hardware Wallets

Hardware wallets, similar to traditional wallets you carry in your pocket to store physical money, are devices designed to store cryptocurrencies securely. These wallets have gained popularity among millions of users due to their reputation as the safest option for safeguarding crypto assets, providing peace of mind without the fear of loss or theft.

Hardware wallets such as Trezor offer support for storing Shiba Inu tokens securely. They offer enhanced security as they are not connected to the internet when not in use, reducing the risk of hacking or unauthorized access.

Software Wallets

Software wallets are digital applications or programs that you can download and install on your computer or mobile device. They are convenient and easy to use, providing access to your Shiba Inu coins from any device with internet access. Examples include Exodus, Atomic Wallet, and Trust Wallet.

Desktop Wallet

Desktop wallets are software applications that allow you to manage your cryptocurrency holdings directly from your desktop computer or laptop. They provide a convenient way to buy, store, and manage cryptocurrencies without the need for an additional physical device.

With a desktop wallet, you can securely store your Shiba Inu tokens and other cryptocurrencies, manage your private keys, and conduct transactions. These wallets typically offer a user-friendly interface and a range of features to enhance security and functionality.

Guarda wallet is an example of a desktop wallet that supports Shiba Inu. With Guarda wallet, you can securely store and manage your Shiba Inu tokens directly from your desktop, providing a convenient and efficient way to access your cryptocurrency holdings.

Mobile Wallets

Mobile wallets are applications you can install on your smartphone, enabling you to manage your cryptocurrency holdings while on the go conveniently. With mobile wallets, you no longer need to log into your laptop or carry a hardware wallet with you. Instead, you can simply open the mobile application on your phone and keep track of your cryptocurrency assets anytime, anywhere.

Zengu is an example of a mobile wallet where you can securely store your Shiba Inu tokens and manage your cryptocurrency portfolio directly from your smartphone.

Key Safety Measures to Consider Before Buying Shiba Inu

To ensure the safe purchase of Shiba Inu coins, it’s essential to follow key safety measures:

Choose A Licensed Exchange or Broker

Only invest in Shiba Inu through an exchange or broker that is licensed by the Australian Securities and Investments Commission (ASIC). This ensures regulatory oversight and protects your investment.

Avoid Peer-to-Peer Exchanges

Refrain from using peer-to-peer exchanges to buy Shiba Inu. These platforms lack the regulatory framework and may expose you to higher risks.

Limit Investment Stakes: Keep your investment stakes to a minimum, especially if you are new to cryptocurrency investing. Start with an amount you can afford to lose to mitigate potential losses.

Educate Yourself on Wallet Security

Learn about cryptocurrency wallet security to safeguard your Shiba Inu tokens. Understand how to create strong passwords, enable two-factor authentication, and use reputable wallet providers.

Using eToro is a recommended option for buying Shiba Inu safely in Australia. eToro is licensed by ASIC and offers an institutional-grade web wallet, providing a secure platform for purchasing and storing Shiba Inu tokens. With eToro, you can buy Shiba Inu and securely store your tokens without needing extensive knowledge of how wallets operate, simplifying the process for new investors.

How to Buy Shiba Inu In Australia – Step-by-Step Beginners Guide

In this section, we will walking you through the process of buying Shiba Inu via eToro in Australia. Like we have mentioned earlier on, it is quick and straightforward.

Step 1: Open An Account

To initiate your journey into buying Shiba Inu Coin in Australia, start by opening an account with eToro. This process is swift and straightforward. Complete the online registration form by providing the necessary personal details. eToro will also require verification of your cell phone number, which you can easily accomplish by entering the code sent to your phone via SMS.

Step 2: Complete the KYC Process

Once your account is created, proceed with the Know Your Customer (KYC) verification process. Unlike conventional exchanges, eToro employs automated KYC technology, ensuring swift verification without prolonged delays.

Start by uploading a valid passport or driver’s license to verify your identity. Then, submit a bank statement issued within the past three months for proof of residency. eToro accepts various other documents for verification, so be sure to review their guidelines for additional information.

Step 3: Deposit Funds

Determine the amount you intend to invest in Shiba Inu and input this figure into the designated ‘Amount’ box for depositing funds. eToro sets a minimum deposit requirement of just $50 for Australian clients. Additionally, anticipate a nominal FX fee of 0.5%.

To complete your deposit, you can choose from various supported payment methods, including e-wallets, debit/credit cards, and online banking.

Step 4: Search for Shiba Inu

Proceed by entering ‘Shiba Inu’ into the search bar. As you type, eToro will suggest the relevant market. Once ‘Shiba Inu’ appears, click on the ‘Trade’ button to proceed with the transaction.

Step 5: Buy Shiba Inu Coins

Upon reaching the order box, you will have the opportunity to specify the amount of money you wish to invest in Shiba Inu. This can be as little as $10 or any other amount of your choice. Once you have entered the desired investment amount, click on the ‘Open Trade’ button to confirm your investment.

How to Sell Shiba Inu Cryptocurrency

Selling your Shiba Inu tokens on eToro is a straightforward process that you can initiate at any time. The eToro marketplace operates 24/7, ensuring immediate execution of your sell order once placed.

Simply log into your eToro account, navigate to the Shiba Inu market, and proceed to place a sell order. Upon execution, your Shiba Inu tokens will be sold at the prevailing market price, and the resulting cash will be credited to your eToro balance promptly.

Future Prospects of SHIB

The answer to how to buy Shiba Inu Coin in Australia is clear now. But does the coin have any future?

The future of Shiba Inu Coin remains uncertain, yet it continues to garner substantial support from its dedicated community. Enthusiastic fans eagerly await the project’s advancements, with some optimistic individuals even speculating that SHIB’s price could potentially surge to $0.50 in the near future.

Looking ahead, the Shiba community has ambitious plans, including the launch of an NFT platform and a decentralized autonomous organization (DAO)-based governance system known as “DoggyDAO.” These initiatives aim to further enhance the Shiba ecosystem and expand its utility.

Moreover, SHIB’s forthcoming developments, such as its decentralized exchange (DEX) and gaming ecosystem, are anticipated to drive its growth trajectory forward. Noteworthy whale transactions involving large quantities of SHIB tokens being transferred to and from major exchanges like Binance and OKX indicate a rising demand for the token. The recent transfer of 1.07 trillion SHIB tokens has notably contributed to a speculative surge in the market.

Conclusion

As one of the most searched cryptocurrencies in 2021’s bull run, Shiba Inu continues to captivate interest, potentially gaining even more traction in the current market surge driven by meme prices. As investors navigate the volatile landscape of cryptocurrencies, Shiba Inu’s growing popularity and evolving ecosystem position it as an intriguing asset worth considering in Australia’s crypto market. This guide on how to buy Shiba Inu Coin in Australia is the perfect guide for beginners to start their investment journey in this lucrative market.

Want to buy Shiba Inu on eToro? It is simple. Follow the step-by-step guide to buying cryptos on the brokerage that we have outlined above.