Despite being launched as a token without much practical utility, the team behind Shiba Inu has successfully developed legitimate use cases for the platform.

What is SHIB used for?

Previously, SHIB was mainly used as a store of value. However, Shiba Inu launched its own decentralized exchange platform, ShibaSwap, in July 2021. There, users can trade different tokens and receive rewards for holding SHIB.

ShibaSwap also supports an NFT marketplace. Users can trade over 10,000 non-fungible tokens known as “Shiboshis,” unique artworks centered around Shiba Inu dogs.

How do I buy SHIB?

It’s easy to buy Shiba Inu in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase SHIB. It’s as simple as that!

Learn how to sell Shiba Inu.

Why should I trade Shiba Inu with Coinstash?

Coinstash AU is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.

People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange and have an AFSL license so that you can trade with confidence.

Ready to start trading Shiba Inu (SHIB)? Create your Coinstash account in minutes!