How to Buy Shiba Inu (SHIB) in Australia
This guide walks you through how to buy Shiba Inu (SHIB) safely in Australia, from opening and verifying an account to moving your coins into secure storage. It then explains what Shiba Inu is, how it works as a token on Ethereum, who created it and what its ecosystem includes. This is general information only and not a recommendation; always do your own research before buying any cryptocurrency.
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How to Buy Shiba Inu Safely in Australia: 3 Easy Steps
To buy Shiba Inu in Australia on Digital Surge: create a free account, verify your ID, deposit AUD by PayID or bank transfer, then place your SHIB order at the live price. The whole process usually takes about five minutes.
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Create and verify your account
Sign up with your email, then verify your identity with an Australian ID document such as a driver's licence or passport. Turn on two-factor authentication while you're there.
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Deposit AUD
Fund your account with PayID for a near-instant transfer, or use a standard bank transfer from your Australian bank account. There are no deposit fees either way.
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Buy Shiba Inu
Search for Shiba Inu (SHIB), enter the amount of AUD you want to spend, review the order details and fee, then confirm. Your SHIB appears in your balance straight away.
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Chapter 02
What is Shiba Inu?
Shiba Inu (SHIB) is a memecoin, a cryptocurrency that grew out of an internet joke rather than a technical whitepaper. It runs as an ERC-20 token on Ethereum and takes its name and dog mascot from the same Shiba Inu breed used by Dogecoin, which it was originally pitched as an alternative to. SHIB is best understood as a community-driven token, and its value is tied largely to interest and sentiment rather than to a traditional business or cash flow.
Because SHIB is an Ethereum token, it does not have a blockchain of its own. It depends on Ethereum's Proof of Stake validators for security, and it can be held in any wallet that supports Ethereum and ERC-20 tokens. Over time the community has built a wider set of projects around the token, so SHIB today sits at the centre of a small ecosystem rather than standing entirely on its own. On Digital Surge, Shiba Inu is categorised as a meme coin.
- Type: an ERC-20 token on Ethereum, not a standalone Layer 1 chain.
- Launched: August 2020, by an anonymous creator using the name Ryoshi.
- Ecosystem: ShibaSwap, a community decentralised exchange, and Shibarium, an Ethereum layer-2 network that launched in August 2023.
- Related tokens: SHIB sits alongside LEASH and the governance token BONE, plus the Shiboshis NFT collection.
Who created Shiba Inu?
Shiba Inu was launched in August 2020 by an anonymous developer who went by the pseudonym Ryoshi. There was no private sale and no venture funding behind it. Ryoshi has since said that he held no SHIB himself and stepped away from the project in 2021, handing it over to the community that had formed around it. As a result, Shiba Inu has no single named leader or company directing it in the way many other projects do.
How does Shiba Inu work?
SHIB is a token issued on Ethereum, so every SHIB transaction is processed and secured by Ethereum's network of Proof of Stake validators rather than by a separate Shiba Inu blockchain. Around the token, the community has added its own infrastructure. ShibaSwap is a decentralised exchange where people can trade and provide liquidity, and Shibarium is an Ethereum layer-2 network built to lower transaction costs. Shibarium went live in August 2023, paused shortly after launch, and then relaunched a few days later.
What is Shiba Inu used for?
Shiba Inu began as a meme and remains, at its core, a community token. It can be sent between wallets, traded on exchanges, and used within its own ecosystem, for example on ShibaSwap or with the LEASH and BONE tokens. A well-known moment in its history came in May 2021, when Ethereum co-founder Vitalik Buterin, who had been sent a very large amount of SHIB, gave most of it away to charitable causes, including a fund for COVID relief in India. On Digital Surge, SHIB is available to buy, hold and trade.
Things to consider before buying Shiba Inu
Shiba Inu is a memecoin, and this matters when you weigh it up. Its price is driven largely by community interest, attention and sentiment rather than by earnings or a product, so it can be highly volatile and can fall as sharply as it rises. There is no guarantee it will hold its value. Only ever commit an amount you are comfortable losing, keep your account and keys secure, and be alert to scams that often target trending tokens. This is general information only and not a recommendation, and it does not take your personal circumstances into account. Consider your own situation or speak to a qualified professional before buying.
Why Buy Shiba Inu?
Some Australians hold Shiba Inu because it is one of the most recognised memecoins, it runs on Ethereum, and it has a large, active community that has built projects such as ShibaSwap and the Shibarium layer-2 around it. It is worth remembering that SHIB began as a meme and its value depends heavily on sentiment. Digital Surge lets you buy SHIB with AUD via PayID or bank transfer, with Australian-based support. This is general information only and not a recommendation; consider your own circumstances before buying any cryptocurrency.
Buying Shiba Inu in Australia: the quick recap
To buy Shiba Inu in Australia on Digital Surge: create a free account, verify your ID, deposit AUD via PayID or bank transfer, then buy Shiba Inu. The whole process takes about five minutes, and your Shiba Inu is held safely in your Digital Surge wallet.
Learn more about Shiba Inu
On Digital Surge you can see the live Shiba Inu price and SHIB to AUD converter, see other coins in the Meme Coins category, or read what cryptocurrency is before you buy Shiba Inu in Australia.
Chapter 03
Shiba Inu at a glance
- Market rank
- #32
- Market cap
- $4.21B
- Volume (24h)
- $126.07M
- Circulating supply
- 589.24T SHIB
1 SHIB = $0.000007140 AUD See the live chart and buy SHIB →
All figures in AUD · refreshed live on this page · last built 4 Aug 2026
Chapter 04
How to Store Shiba Inu Securely
Once you buy Shiba Inu in Australia on Digital Surge, you can store it securely in your Digital Surge wallet for easy access and trading. For additional security, you can transfer your SHIB to:
Exchange custody: convenient for buying and smaller balances
On Digital Surge your SHIB can stay in exchange custody, where the platform holds the keys for you. This is convenient for buying, trading and smaller amounts, and you do not have to manage a recovery phrase yourself. Protect the account with a strong, unique password and two-factor authentication.
Self-custody wallets: you control the keys
Because Shiba Inu is an ERC-20 token, you can withdraw it to any self-custody wallet that supports Ethereum, such as a software wallet on your phone or a hardware wallet that keeps your keys offline. Always send SHIB over the Ethereum network to a wallet that supports ERC-20 tokens, and double-check the address, as a transfer to the wrong network or address usually cannot be recovered.
Protect your recovery phrase
If you self-custody, write your recovery phrase down, keep it offline and never share it or type it into a website. Anyone who has that phrase can move your SHIB, and on-chain transfers cannot be reversed. Be extra cautious with fake giveaways and airdrops, which often target popular memecoins. Digital Surge staff will never ask for your recovery phrase.
Chapter 05
Frequently Asked Questions
Is Shiba Inu legal in Australia?
Yes. Buying, holding and selling Shiba Inu (SHIB) is legal in Australia, and exchanges operating here must meet Australian anti-money-laundering and know-your-customer obligations, which is why you verify your identity when you sign up. Digital Surge is an Australian exchange.
Does Shiba Inu have its own blockchain?
Not for the token itself. SHIB is an ERC-20 token that lives on Ethereum, so it relies on Ethereum's validators for security. The community has, however, built Shibarium, an Ethereum layer-2 network designed to make transactions cheaper. Shibarium works alongside Ethereum rather than replacing it as the home of the SHIB token.
What are LEASH and BONE?
They are the other two tokens in the Shiba Inu line-up. SHIB is the main token, LEASH is a separate token with a much smaller supply, and BONE is used as a governance token, letting holders vote on some community decisions. Together with SHIB they make up the project's three-token system.
What is a memecoin?
A memecoin is a cryptocurrency that starts from an internet meme or joke rather than a specific technical use case. Shiba Inu is one of the best-known examples. Memecoins are usually driven by community and attention, which can make their prices especially volatile. It is worth understanding this and treating any memecoin as high risk before buying.
How do I deposit AUD to buy Shiba Inu?
You can deposit AUD using PayID or bank transfer, both with zero deposit fees. PayID deposits typically clear quickly, so your funds are ready to use in minutes.
Do I need to verify my ID?
Yes, in compliance with Australian regulations, all users complete a quick identity verification. Most verifications are approved within minutes, so you can get started fast.