Shiba Inu (SHIB) is a meme coin that rose to prominence in August 2020 shortly after it was created. Released at a time when dog-themed cryptos were on the rise in the crypto market, Shiba Inu quickly garnered attention from key industry personalities like Vitalik Buterin (Ethereum creator) and Elon Musk (Tesla founder). This saw prices of the coin soar, prompting Buterin to donate 10% of his holdings to the COVID-19 relief effort in India.
Self-described as the Dogecoin killer, the SHIB token is Ethereum-based and has grown into a decentralised ecosystem. Today, this encompasses 2 new tokens (LEASH and BONE), its own decentralised exchange Shibaswap, and upcoming NFT projects.
Check out our deep dive on Shiba Inu on Swyftx Learn.
Swyftx cryptocurrency exchange enables you to securely buy Shiba Inu coin (SHIB) in New Zealand.
There are a number of cryptocurrency exchanges in New Zealand that allow you to buy Shiba Inu coin. The Swyftx trading platform enables you to buy and sell Shiba Inu token as well as hundreds of other crypto assets all with low spreads. This means you can enjoy lower trading fees and get more bang for your buck.
Simply create an account, verify your identity and deposit your funds to start trading on Swyftx. We accept deposits via credit card. As soon as your funds are cleared, you’ll be able to trade SHIB straight from your phone or desktop computer!
Dogecoin and Shiba Inu are both meme tokens that have benefited considerably from celebrity attention. Although the coins may be similar in name and abundance, they are each built a little differently. Dogecoin utilises proof-of-work blockchain technology, like Bitcoin, while Shiba Inu is built on the Ethereum network.
Considering the large number of DOGE and SHIB coins in circulation, the price of both tokens is still very low. That said, they each have a market cap of over $1 billion.
You can buy SHIB and DOGE both from the Swyftx crypto exchange platform.
When you purchase any asset, it will be stored in a cryptocurrency wallet. Crypto wallets allow you to securely manage digital assets, including sending and receiving them. If you buy Shiba Inu through Swyftx, it will be automatically stored in a wallet integrated with your account. Should you wish to transfer your SHIB to another wallet of your choosing, you can easily withdraw the asset and transfer it across.
No matter where you choose to buy SHIB in NZ, trading fees will apply. At Swyftx, we have no fees on NZD deposits and a standard 0.6% trading fee on all buy and sell orders. Exact fees may vary based on high volume discounts and spreads though. That’s why we provide a full fee breakdown to all our customers before they confirm a trade.
The spread is the difference in the buy and sell prices of an asset. Providers don’t typically advertise their spreads, meaning traders can get stung with extra hidden fees. At Swyftx, our average spreads are around 1.7% compared to the 4.0% industry average. So, you never have to worry about getting burned with any surprise fees! If you have any questions about fees and spreads, please don’t hesitate to contact our customer support team via live chat.
Swyftx has extremely low trading fees and minimal spreads when you buy crypto in New Zealand.
Account verification is completed in minutes and then you can deposit funds to start trading SHIB instantly.
Security features like Two Factor Authentification (2FA) and breached password detection protect your account against scammers.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and withdraw NZD via bank transfer.
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.