What is Shiba Inu (SHIB)?
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.
How to buy 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!
Shiba Inu vs Dogecoin
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.
