Simple Guide On How To Buy Shiba Inu In Australia

Are you itching to buy Shiba Inu and be a part of the euphoria surrounding this crypto-currency? If ‘YES,’ then here is a simplified guide on how to buy Shiba Inu in Australia.

The rise of the Shiba Inu coin is nothing but phenomenal. Now occupying a respectable position amongst the top thirty cryptocurrencies, Shiba Inu’s popularity is a testament to the weird nature of the crypto world. The meme coin boasts an enormous user base and is currently a hot favorite amongst crypto investors.

But, how to lay claim on some of the Shiba Inu circulating in the market? We will guide you step by step so that you can buy Shiba Inu in Australia without any bumps.

Where to Buy Shiba Inu in Australia?

There’s no shortage of options when it comes to knowing how to buy Shiba Inu in Australia. Our primary focus was to choose an exchange that offers simplicity, functionality as well as reliability. Based on our selection criteria, we will summarize the best exchanges to buy Shiba Inu in Australia.

Swyftx

Swyftx is an excellent exchange that has made a name amongst Australian users. Beginners greatly benefit from its intuitive interface, which is a massive contributor to its popularity.

You will find all your favorite coins and tokens available on Swyftx as there’s no shortage of cryptocurrencies on the platform. Besides that, Swyftx implements robust security measures and meets high standards of safety and trust.

A large number of tradable tokens and coins, a structured interface, and many deposit options go in favor of Swyftx. Besides, the availability of SHIB makes it a perfect choice to buy Shiba Inu in Australia.

eToro

From our perspective, eToro is another great solution for crypto trading in Australia. The platform convinces with its alluring features and ease of use.

There’s a massive range of coins and tokens available to trade. Moreover, exchange fees are affordable, and multiple options are available to deposit and withdraw money. The overall functionality is enhanced further through a well-designed interface which makes it particularly accessible to novices.

The best part is Shiba Inu is among the listed coins which you can buy for PayPal, credit card, or instant transfer.

Binance

Binance is undoubtedly a leader in the crypto space. It’s a giant in the crypto world and currently offers the most oversized tradable tokens and cryptocurrencies portfolio.

In addition to a modern and user-friendly interface, lower fees and intuitive features allow it to reserve the top spot amongst crypto exchanges.

Binance work with credit cards, the spread is manageable, plus the security is top-notch. You can easily buy Shiba Inu on Binance. Moreover, if you prefer AUD deposits, you will find Binance a particularly feasible choice with no-clutter deposit, withdrawal, and trading options.

Ways of Buying Shiba Inu In Australia

As we discussed earlier, you have to pump funds into your account to buy Shiba Inu. Now there are several ways to pay for Shiba Inu. Here you will know how to buy Shiba Inu in Australia with different payment methods. 

Buy Shiba Inu with Paypal

Paypal is a method of choice for many when it comes to fiat currency deposits. As we are focusing on making transactions in AUD, PayPal tops the chart in terms of payment solutions to buy Shiba Inu.

On Binance, you can use Paxful – a peer-to-peer network, to directly fund the account via PayPal and buy BTC. These BTC can then be utilized to purchase Shiba Inu.

Buy Shiba Inu with a Credit/Debit card

If you want to buy Shiba Inu in the traditional e-commerce way, you can use your credit card. It’s a quick and straightforward solution to buy the canine coin instantly, and the main benefit is AUD payment.

However, simplicity comes with a price. Using a credit card offers you instant buying if Shiba Inu; however, the charges can shoot considerably. As far as Binance is concerned, Bifinity UAB 3.5% of the total amount for credit card transactions.

Shiba Inu Price And Prediction

You may surely want to know the risk of venturing into the world of Shiba. Let’s paint a clear picture for you regarding where Shiba stands now and what the future may hold for it.

Firstly, you should know that Shiba Inu is a meme token. That is, it does not abide by the true fundamentals of cryptocurrencies. The goal is not to bring any innovation to the crypto economy but to speculate on the price of the asset.

Cryptos is a risky venture, and buying speculative assets like Shiba Inu means even greater risk. However, recent developments concerning Shiba Inu hint that the token is poised to go way beyond where it stands now.

Anyway, good hindsight and a considerable risk appetite are necessary before investing in Shiba Inu. Moreover, careful due diligence is also needed to evaluate the progress of these types of coins.

ShibaSwap

Shiba Inu is mainly a speculative asset and, therefore, a risky endeavor. However, creators are implementing innovative solutions to enable SHIB to sail through the murky waters of the crypto world and continue multiplying investors’ money.

Shibswap is the latest innovation from Shib creators. It’s a decentralized cryptocurrency exchange that allows the exchange of Shib with other cryptocurrencies. Although the portfolio of supported tokens is quite limited, ShibSwap has caught the attention of investors and is poised for solid growth in the future.

Benefits of Buying Shiba Inu?

Should you buy Shiba Inu? There are indeed some benefits in purchasing this canine token.

Firstly, Shiba Inu is garnering much attention. It’s a good thing because interest in a particular digital asset is directly reflected in its trading volume. Higher trading volumes can push prices to new heights and bring huge returns in the short and long terms.

Secondly, Shiba Inu is cheap and therefore offers a better opportunity to multiply your investment. Moreover, with a total value of around 13 Billion dollars, Shiba Inu has acquired the status of a mid-cap asset. It shows that the asset survived the low cap zone, thrived, and made a jump to a higher level. This improves trust and also the possibility of prices reaching new heights.

Risks of Buying Shiba Inu?

Buying Shiba Inu also involves risks and pretty significant ones.

Firstly, it’s not precisely a crypto coin in the true sense. It’s a speculative asset, which in itself is a big gamble.

Because Shiba Inu does not add any weight to the crypto world, it only remains a transactional currency in a very competitive space. There’s always a chance that people will go for more established players like Bitcoin, Ether, Monero, etc.

If enough people begin to avoid it, liquidity will soon take a hit, trading volume will plummet, and prices will topple.

How To Buy Shiba Inu In Australia: Step By Step Guide

This segment will summarize all the steps involved in buying Shiba Inu on Binance.

Choose An Exchange That Sells Shiba Inu

As we clarified earlier, buying Shiba Inu begins with selecting a reliable exchange. You can choose any reputed crypto exchange in Australia which supports Shiba Inu.

Swyftx and eToro are probably worth considering, but to us, Binance is the best. Its global reputation speaks for itself. Besides, the ease of doing business on Binance far outshines others.

The following steps will teach you how to buy Shiba Inu in Australia using Binance.

Create And Verify The Account

Unsurprisingly, the journey begins with creating an account on Binance.

• Visit the official Binance site, and choose the registration option to claim an account.
• Fill up the registration form with your name, country of residence, email address, password, and any other details it needs.
• Lastly, accept the general terms and conditions and then click on the “Create an account” button.
• As soon as you create an account, you need to complete the KYC process.
• You have to upload an identity and proof of address documents to complete the KYC.

Fund Your Account

You have your Binance account, but it’s empty; you need to fund it to make any purchase. Here are the steps to do that;

• On your Binance account dashboard, choose the deposit option.
• There is a credit card, P2P bank transfer, and plenty of other options to deposit money in your account. A credit card is the fastest to deposit AUD and also the most expensive.
• Once you have finalized the mode of payment, the next is to determine the amount you want to deposit.
• Fill in the appropriate amount and click on the corresponding button to validate the whole.
• Check if the funds reflect in your account or not ( some payment methods take time to execute).

Buy Shiba INU

When your Binance account is brimming with funds, you are ready to get down to business.

• On the Binance dashboard, open the trader’s menu and choose the market option.
• An interface will appear, presenting you with all the assets available to buy or trade.
• Finding Shiba Inu from hundreds of options is painstaking; therefore, doing a direct search for SHIB (the Shiba Inu crypto token) via the search bar.
• You can further refine the search for “Spot Markets” and then for the “Fiat” option.
• Following this, you will easily find a SHIB/AUD trading pair. The trading pair will allow you to buy SHIB in AUD.
• Next, you have to choose the “Limit,” “Market,” and “Stop-Limit” order. We recommend placing a buy limit order (Limit). It’s a more judicious option and won’t expose you to market volatility.
• Next, enter the number of Shiba Inu coins you want to purchase, or you can simply type in the amount in AUD.
• The only thing remaining is to click on ‘Buy Shib’ to execute the buy order.

Best Wallet To Keep Your Shiba Inu Coin

Now that you know how to buy Shiba Inu in Australia, next comes the part to ensure its security. You have several top-notch wallets at your disposal to secure your Shiba Inu; however, in our opinion, Ledger Nano X is unmatched.

Ledger Nano X Hardware Shiba Wallet

Ledger Nano X is an Avant grade hardware wallet. For 249 AUD, you get a sleek premium wallet that ensures maximum security by storing your private keys offline.

Furthermore, to ensure that the hardware is as resilient as possible, Ledger Nano X is powered by CC EAL5+ certified Secure Element (SE) chip and custom operating system (BOLOS). The Bluetooth feature is the novelty that allows it to stand apart against its sibling, the Nano X.

Additionally, there’s a whole host of coins you can store in Nano X besides Shiba Inu. On top of that, you can manage all your assets even on the go with a smooth Bluetooth connectivity with a smartphone.

How To Sell Shiba Inu?

It’s simple to buy Shiba Inu on Binance. Similarly, selling Shib is also hassle-free.

The process is similar to buying, but the only difference is that instead of choosing the buy option, you select the ‘Sell’ option from the trade segment.

Next, you should enter the amount of Shib you want to sell and choose the order type.

Moving further, you have to choose how you want to receive the fiat currency. The choice should obviously be the Shib to AUD.

Click on the ‘Sell’ button, and when the order is processed, the amount will reflect in AUD in your account. You can transfer this amount to your linked bank account.

How To Buy Shiba Inu In Australia: Conclusion

Now you know how to buy Shiba Inu in Australia. However, we will caution you that Shiba is a lottery game and therefore need extreme caution on your part. However, if you are willing to take the risk, SHIB can potentially bring an exponential return in the short and long term.

The best exchange, in our opinion, to buy SHIB tokens in Australia is Binance. Fees are relatively lower; the spread is also reasonably affordable. Besides, Binance brings to the table multiple deposit options, a feature-rich interface, high security, and global exposure that allow ample liquidity.