We’ve prepared a short and simple guide on how to buy SHIBA INU in Australia on Changelly.
Note! Your SHIBA INU will be in your wallet between a few minutes and a few hours. We do our best to deliver your SHIB to you as quickly as possible, but there sometimes can be delays due to one of the following factors:
- Overloaded blockchain
- SHIBA INU updates
- DDoS attack
That’s it – your SHIB should be in your wallet shortly!
Reasons to Buy Shiba Inu in Australia
Here are some reasons it may be a worthwhile investment:
- Shiba Inu coin fast rise: One of the reasons that traders are looking to buy Shiba Inu in Australia is following its quick rise. Shiba Inu's price was $0.1 for 1 million tokens in January 2021 before reaching a high of $65.03 in October 2021. Shiba coins would subsequently drop in value at the beginning of 2020. If the price cracks $0.1, Shiba Inu may just become the largest token by market cap.
- Shib Army: A strong user community has rallied around the coin. On Twitter alone, the project has 3.2 million followers.
- Auspicious goal: Shiba Inu aims to replace Dogecoin and become the leading meme coin. When it launched in 2020, it had a supply of 1 quadrillion tokens. They also allocated half of the supply to Ethereum’s founder, Vitalik Buterin, for safekeeping.
- As a usable meme coin: While it’s a meme coin, holders can still use Shiba Inu coins as a digital store of value and for online transactions.
- Strong ecosystem: The Shiba Inu ecosystem comprises Shiba swap, a proprietary decentralized exchange for the exchange of ERC-20 tokens. Users can also own the BONE, governance token, and Lease, a rebase token.
Planning to buy a Shiba Inu coin in Australia? Remember that investments in crypto-assets are inherently risky. The token’s value may plunge to zero with no or little warning.
Where can I buy Shiba Inu in Australia?
Australian residents can purchase Shiba Inu from OTC cryptocurrency exchanges. It’s a marketplace that often acts as an intermediary between buyers and sellers. Residents have a choice of international or Australian crypto exchanges.
It's also possible to work with P2P exchanges that facilitate direct dealings between traders.
Lastly, customers can make purchases from on-ramp services that facilitate buying Shiba Inu coins with fiat currencies. With so many choices to consider, it's quite important to work with a trusted solution with many years of experience and top-notch security.
That's where Changelly steps in, offering a reliable platform to trade, buy, swap, or sell digital currencies.
Is the Shiba Inu coin available in Australia?
Australia doesn’t restrict its residents from buying Shiba Inu coins. The country has some of the most progressive rules.
Investing in Shiba Inu boils down to individual choice. The digital assets will be treated as property, which means that holders of the Shib token may need to pay capital gains tax on profitable transactions.
What is the cheapest way to buy SHIB?
The best way to save on a Shiba Inu purchase entails comparing different offers across crypto exchanges, broker platforms, and P2P exchanges. That's because prices tend to be quite variable, and different platforms will impose various fees.
At the baseline, buyers pay commissions and the gas fees required by the platform to confirm the transaction.
At Changelly, we make it easy for buyers to make the right choice. We display offers from up to four partners, and the tool highlights the best rates and how much to spend to get the most optimum payout on the Shiba coin.
Сan I sell Shiba Inu in Australia?
Australian residents can sell Shiba Inu on a cryptocurrency exchange that provides a selling feature. A P2P crypto market will provide direct access to local and international individual buyers.
Another place to sell digital assets is on Changelly, with payments made via bank card. But direct sale transactions with Shiba Inu may be currently unsupported.
But don’t worry. Exchange the digital currency for other currencies instantly without leaving the platform and at a good Shib price. Then complete the sell transaction.
Can I buy Shiba Inu with AUD?
Buy Inu coin in Australia with Australian dollars conveniently on our platform. Fiat-to-crypto transactions are made possible by our reliable partners, including established names such as MoonPay, Simplex, Indacoin, and Banxa.
What are the taxes to buy SHIB in Australia?
There are no taxes involved when individuals buy SHIBA INU in Australia. Still, it's important to be aware that individuals may be required to pay capital gains tax when disposing of Shib coins.
The ATO also requires persons to maintain accurate records to verify transactions and taxable amounts.
Failure to pay the required tax on a profitable Shiba Inu investment may leave holders with a penalty of 75% plus the original tax amount with interest.
*Traders pay income tax on profits generated.
Where can I trade Shiba Inu in Australia?
There are two major ways to trade Shiba Inu coins. The first involves trading CFDs. They track the price movements of the coins. Traders speculate on whether the price will go up or down.
The second way entails trading with actual assets on a crypto exchange. It's less risky and more appealing to advanced crypto traders. Changelly Pro is a proprietary crypto trading platform that can enable users to trade Shiba Inu coins and other altcoins.
Users will require a separate sign-in to access the trading features and to deposit funds. Check out our Trade crypto page for more info.
Can I buy Shiba Inu with PayPal?
It may be a little difficult to trade SHIB using PayPal even though it's a popular means to pay online. That's because support among crypto exchanges and brokers is still limited.
Changelly and its network of partners don't currently accept this payment gateway as of the moment.
Can I buy Shiba Inu with a credit card?
Wondering how to buy Shiba Inu coin in Australia? Buying SHIB using a credit or debit card is one of the most popular ways to pay. Most domestic and international exchanges will support Visa, Mastercard, and other leading bank cards.
Can I get SHIB for free?
Want some Shiba Inu tokens but don't have disposable income? Getting SHIB for free is quite possible.
Get-Paid-To platforms now offer payouts in Shiba INU. Just complete tasks such as testing apps & websites, completing surveys, etc. Top sites in this category include Free cash and Timebucks. But watch out for fake sites that don't live up to their promise.