Shiba Inu price and where to buy SHIB

What is Shiba Inu?

SHIB is a meme token on Ethereum named after the Shiba Inu dog breed, launched as a rival to Dogecoin. Around it grew an ecosystem that includes its own exchange and a layer-two network, but most trading in SHIB is speculation on the token itself. Its supply runs to hundreds of trillions of tokens, which is why one SHIB is worth a tiny fraction of a cent.

How to buy Shiba Inu, step by step

1. Pick an exchange. SHIB is listed on every exchange we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy SHIB. Use the SHIB/USDT or SHIB/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. SHIB is a token on Ethereum, so withdrawing it costs an Ethereum network fee, which on a small holding can be a large share of its value.

Where to buy Shiba Inu at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on SHIB the venues disagree by about 0.19 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the Shiba Inu price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.19 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 27 minutes out of every thousand, and reached about 2.3 percent at its widest.

About two fifths of the SHIB spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the Shiba Inu price

The wider crypto market, and in SHIB’s case its own news too. In our hourly composite, SHIB moved with Bitcoin at a correlation of about 0.68, where 1 would mean identical moves, and its moves were about twice the size of Bitcoin’s.

Beyond the market, SHIB moves on attention and speculation, and its gap between exchanges spikes far more often than on large coins with real usage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of Shiba Inu

Pros

• Listed on every exchange we track.
• A large community and its own ecosystem of apps.
• Cheap per token, so small amounts buy large numbers of tokens.

Cons

• Its price rests largely on speculation.
• One of the widest average price gaps between exchanges we track, more than seven times Bitcoin’s.
• Its hourly moves were about twice Bitcoin’s in our data.

The SHIB to USD converter applies the live price to any amount.