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What is SHIB (Shiba Inu)?

Shiba Inu (SHIB) is an Ethereum-based cryptocurrency launched in August 2020 by an anonymous creator known as "Ryoshi" as an experiment in decentralised, community-driven token building. What began as a meme coin has evolved into a full multi-token ecosystem including ShibaSwap (a decentralised exchange), the BONE governance token, LEASH, and Shibarium — a Layer-2 blockchain built to reduce transaction fees and scale growing applications. With a circulating supply of nearly 590 trillion tokens and significant supply already permanently burned following Vitalik Buterin's historic 40% burn in 2021, SHIB remains one of the most widely held cryptocurrencies in the world. It is consistently one of the most searched crypto assets among Australian retail investors, available directly in AUD on every major Australian exchange. Uptrade is Australia's trusted Shiba Inu broker — making it simple, secure, and fast for investors across Australia.

How to get started

We’ve simplified the process so you can start trading faster.

Step 1

Create your account

Complete your account application online in a matter of minutes.

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Step 2

Book your virtual discussion

Discuss digital assets you may trade , your risk appetite, and your investment support needs with your dedicated crypto broker. *

We’ll also answer any specific questions you might have to ensure you get the most out of our services.*

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Step 3

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Access 500+ digital assets and 24/7 service and support from your dedicated crypto broker.

Each and every trade follows strict broker-to-trader approvals.

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Step 4

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Keep your investment on track with monthly performance portfolio reports, in-depth market analysis and research, and investment guidance.

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SHIB FAQs

How do I buy SHIB in the Australia?
SHIB is one of the most accessible cryptocurrencies for Australian investors and is available for direct AUD purchase on every major AUSTRAC-registered exchange including CoinSpot, Swyftx, CoinJar, and Independent Reserve. It is also available on international platforms like Coinbase, Kraken, and Robinhood. For Australian investors looking for a more guided experience — especially when investing larger amounts — buying SHIB through a dedicated crypto broker like UpTrade provides direct broker support and personalised guidance on position sizing and timing.
Is SHIB a good investment in 2026?
Shiba Inu has proven far more resilient than most meme coins, maintaining a top 30 global market cap years after launch and continuing to develop real ecosystem infrastructure through Shibarium and ShibaSwap. Its inclusion in T. Rowe Price's new crypto ETF in 2026 signals growing institutional recognition. That said, SHIB remains a high-volatility, sentiment-driven asset — currently over 90% below its all-time high. Australian investors should work with a SHIB broker to manage position size and timing relative to broader market cycles.
What makes Shiba Inu different from other meme coins?
Unlike most meme coins that offer nothing beyond speculation, Shiba Inu has built a genuine multi-layered ecosystem. Shibarium — its own Layer-2 blockchain — dramatically reduces transaction fees and enables real DeFi and gaming applications. ShibaSwap gives SHIB holders a place to trade, stake, and earn yield. The Doggy DAO provides on-chain governance. With over one million holders on Ethereum alone and growing merchant acceptance — including in Australia — SHIB has broader adoption than almost any other meme token in existence.
Is it safe and legal to buy SHIB in Australia?
Yes — buying SHIB is fully legal in Australia and it is listed on virtually every major AUSTRAC-registered Australian exchange. The ATO treats SHIB as a CGT asset — all disposals, swaps, and sales are reportable taxable events. Given SHIB's high supply and low unit price, Australian investors should keep accurate records of the AUD value at each transaction date. A crypto-savvy accountant can help you stay compliant with your ATO obligations.
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