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 debit 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.
The best place to buy Shiba Inu is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell Shiba Inu (SHIB). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of SHIB is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy Shiba Inu with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy SHIB instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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