Buy Shiba Inu in Australia

Dogecoin was the original memecoin, created in December 2013 as a joke version of Bitcoin and built using essentially the same technology. Shiba Inu was inspired by Dogecoin, but was deployed as an ERC-20 token on the Ethereum blockchain. This means that beyond being a purely tongue-in-cheek crypto, it also has the power to use smart contracts in the shape of dapps and DeFi.

People typically buy Shiba Inu in Australia through a crypto exchange such as CoinJar. You simply create an account, verify your ID – it only takes a few minutes – and then either deposit money from a bank account or use a credit or debit card to make the purchase.

Shiba Inu was created in August 2020 by an anonymous figure known only as Ryoshi. Ryoshi declared that Shiba Inu coin would be the “Dogecoin Killer”.

The safest way to Buy Shiba Inu is through a trusted exchange with a proven track record. CoinJar is Australia’s longest-running crypto exchange and has been operating since 2013 with no unplanned downtime, security breaches or loss of customer funds. We are registered with AUSTRAC and the FCA UK (for AML purposes) and work with some of the world’s largest payment providers, including Mastercard, Visa, Apple Pay and Google Pay.

Yes – with CoinJar Instant Buy you can buy Shiba Inu with any AU-issued Visa or Mastercard. We also offer support for Apple Pay and Google Pay.

As this would put the market cap of Shiba Inu slightly north of $589 trillion, the answer is no.

CoinJar is the longest-running crypto exchange in Australia and has been designed from the ground up with security and ease-of-use in mind. From the quick and intuitive sign-up process, to our lightning fast bank deposits and withdrawals, low fees starting at 0% (on CoinJar Exchange), and a user-friendly iOS and Android app, CoinJar is the ideal crypto exchange whether you’re buying crypto for the first time or an experienced investor.

Shiba Inu (ticker: SHIB) is a decentralised cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym “Ryoshi.”

It draws inspiration from the Shiba Inu, a Japanese dog breed, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins.

A whitepaper is a document that serves as the primary informational resource for a particular blockchain project or cryptocurrency. It is typically authored by the project’s creators or development team and outlines the project’s objectives, technical details, and implementation plans. A whitepaper enables projects to explain their products and goals to their audiences.

Shiba Inu’s Whitepaper is called the “Woof Paper” and you can find it here.

SHIB is the main token of the Shiba Inu ecosystem, aiming to bring decentralised, community-led currency to millions globally. It’s an Ethereum-based token that gained popularity due to its cute charm.

SHIB is accepted as a form of payment at some locations, either directly or through third-party intermediaries.

Shiba Inu is based on the Ethereum blockchain. It operates as an ERC-20 token.

SHIB can be used for various purposes, including transactions, trading, and participating in the ShibaSwap decentralised exchange.

The Shiba Inu coin was created as a meme coin with no specific utility other than community engagement and fun.

Its origins are tied to the fascination with the Shiba Inu dog breed and the broader crypto meme culture.

Beyond speculation, SHIB’s primary function lies in its community-driven ecosystem, which includes ShibaSwap and other related projects.

As with any speculative investment, it’s essential to conduct thorough research and consider your risk tolerance before investing in SHIB.

When Shiba Inu launched in April 2020 the price of the memecoin was US$0.000000001009.

By May of 2021, SHIB jumped 457% in one day, making it $0.00003469. The all-time high (ATH) was US$0.00008845 in October 2021. At the time of writing, SHIB is priced at US$0.00000887. So the price is down by around 90% from its ATH.

Some price predictions are positive, some negative. In some cases, the price of SHIB is predicted to go to $0.000055 this year.

Meanwhile other pundits predict it will stay where it is. No one has a crystal ball to see into the future!

The future of SHIB remains uncertain, as it largely depends on market dynamics, adoption, and community support.

While both SHIB and Dogecoin share meme origins, their trajectories and use cases differ significantly. Both coins have different use cases and risk profiles. Research thoroughly before making investment decisions.

While both SHIB and Dogecoin share meme origins and feature the Shiba Inu dog, they are separate cryptocurrencies with different communities and use cases. Dogecoin has a much higher market capitalisation and it will probably stay that way for the foreseeable future.

Long-term performance depends on various factors, including market sentiment, adoption, and technological developments. Some say as we approach 2030, the price will be much higher, however it is unlikely to ever hit US$1.

Risks include market volatility, regulatory changes, and the speculative nature of meme coins.

Holding or selling depends on your investment strategy, risk tolerance, and market outlook. If you believe the market will rise then you could hold. However if you think the price won’t rise, you can consider selling.

Predicting specific price movements is challenging. Factors like adoption, market sentiment, and broader crypto trends play a role. Many pundits think that Shiba Inu is due for a bullrun.

Others think that the dog has had its day. Don’t invest anything you can’t afford to lose.

Price surges can result from various factors, including social media hype, celebrity endorsements, and market speculation.

Comparing SHIB to Bitcoin is like comparing apples to oranges. Bitcoin is a well-established digital asset, while SHIB is a meme token. They have different uses and different users.

Growth potential depends on market dynamics, community engagement, and broader crypto trends. Some experts think it will grow, while others think the price will fall.

Predicting specific price targets is challenging. SHIB’s value depends on market dynamics, adoption, and investor sentiment. But it is genuinely unlikely that SHIB will hit US$1.

For beginners, it’s essential to understand the risks associated with meme coins like SHIB. And it’s a fun cryptocurrency with a great community.

SHIB is not mineable like Bitcoin. It was initially distributed through airdrops and community engagement. Now it can be brought from crypto exchanges.

SHIB was created by an anonymous person or group using the pseudonym “Ryoshi.” The origins are community-driven and meme-oriented.

SHIB’s price is highly volatile and subject to market fluctuations. You can check the price of SHIB at the top of this page 24/7. At the time of writing, the price of SHIB was US$0.00000888.

Yes, SHIB is a cryptocurrency, albeit one with meme origins and a strong community following.

SHIB’s functionality now extends beyond mere speculation. It’s used in the ShibaSwap ecosystem and other related projects.

While SHIB is not widely accepted for everyday purchases, some merchants and platforms may allow its use. However if you sign up for the CoinJar Card (it’s free to sign up) you can spend your SHIB anywhere that Mastercard is accepted.

SHIB’s hype stems from its meme status, and the community’s enthusiasm. Its uniqueness lies in its grassroots origins and playful approach to crypto.

While Shiba Inu will probably never reach 1 dollar, reaching one cent is more likely. But it seems to be a lofty goal. If $0.01 per token was reached, it would make SHIB more valuable than some of the largest companies.

So while hitting 1 cent is theoretically possible, it probably won’t happen.