What Is Shiba Inu (SHIB) and Why Is It Gaining Popularity in Australia?
Shiba Inu (SHIB) is one of the most talked-about cryptocurrencies in the world — and its popularity is growing rapidly in Australia. Originally created as a meme coin in 2020, SHIB has transformed into a serious crypto asset with a loyal community, real use cases, and listings on top exchanges like Binance and Poloniex.
If you’re an Australian investor looking to buy SHIB or understand its rising fame, this guide covers everything — from what SHIB is, why it’s booming, how to open exchange accounts, and how to navigate the fees involved.
🐕 What Is Shiba Inu (SHIB) and Why Is It So Popular?
SHIB is a decentralized ERC-20 token built on the Ethereum blockchain. Inspired by the Dogecoin project, SHIB branded itself as the “Dogecoin killer,” aiming to offer more utility and DeFi integration.
🚀 Why SHIB Is Gaining Momentum:
- 💸 Low price: Buy millions of tokens for just a few dollars
- 🌐 Massive liquidity: Listed on major global exchanges
- 🔥 Strong community: One of the most engaged crypto communities worldwide
- 🧠 Evolving ecosystem: Including ShibaSwap, Bone, Leash, and Shibarium (Layer 2 blockchain)
- 💬 Social media power: Viral meme potential fuels price surges
What started as a joke has now become a serious investment choice for those looking to diversify with a high-risk, high-reward crypto asset.
🇦🇺 How to Open an Account on Binance & Poloniex from Australia to Buy SHIB
Australians can easily access SHIB through top-tier platforms like Binance and Poloniex. Here’s how to get started:
✅ Step-by-Step: Open an Account on Binance Australia
- 👉 Go to Binance Australia and click “Register”
- Enter your email and create a strong password
- Complete KYC verification by uploading an ID and proof of address
- Secure your account with 2FA (Two-Factor Authentication)
- Deposit AUD using PayID, bank transfer, or debit/credit card
- Search for SHIB in the “Markets” section
- Choose a pair like SHIB/AUD or SHIB/USDT and place your order
✅ Step-by-Step: Open an Account on Poloniex
- 👉 Sign up at Poloniex
- Verify your email address and identity
- Enable security features such as 2FA
- Fund your account by transferring crypto (USDT, BTC, or ETH)
- Go to the Markets tab and search for SHIB/USDT
- Place a market or limit order and buy your SHIB tokens
Poloniex is perfect if you're trading crypto-to-crypto and prefer a lighter interface.
💰 Understanding the Fees for Buying SHIB in Australia
🔍 Binance Australia Fee Structure:
| Type | Fee |
|---|---|
| Trading fee | 0.1% (25% discount with BNB) |
| AUD deposit (PayID) | Free |
| Debit/Credit Card | ~1.8% |
| AUD withdrawal | ~0.5 AUD flat fee |
🔍 Poloniex Fee Structure:
| Type | Fee |
|---|---|
| Trading fee | ~0.1% (tiered based on volume) |
| Crypto deposits | Free |
| Crypto withdrawals | Varies by token (e.g., ~1M SHIB) |
💡 Tip: Use market orders to avoid unnecessary slippage, and always double-check withdrawal fees before transferring.
⚖️ Binance vs. Poloniex: Which Is Best for Aussies Buying SHIB?
| Feature | Binance Australia | Poloniex |
|---|---|---|
| AUD Support | ✅ Yes | ❌ No (crypto only) |
| Beginner Friendly | ✅ Yes | ✅ Yes |
| Trading Tools | 📊 Advanced options | 📉 Simple interface |
| Mobile App | 📱 iOS/Android | 📱 iOS/Android |
| Withdrawal in AUD | ✅ Yes | ❌ No |
| Best For | 🇦🇺 AUD users & long-term holders | 🌎 Crypto-only traders |
✅ Final Thoughts
Shiba Inu (SHIB) is no longer just a meme — it’s a community-powered cryptocurrency with serious potential. Thanks to platforms like Binance and Poloniex, buying SHIB in Australia is fast, easy, and affordable.
Whether you're looking to HODL for long-term gains or trade for short-term profit, SHIB could be an exciting addition to your crypto portfolio.
🚀 Ready to Buy SHIB in Australia?
🔗 👉 Buy SHIB on Binance – Create your account now
🔗 👉 Trade SHIB on Poloniex – Start here
Join millions of global investors who believe in the future of Shiba Inu!
How to buy Shiba Inu in Australia?