For New Zealanders venturing into the world of cryptocurrencies, buying Shiba Inu (SHIB) can be an exciting task. Platforms such as Binance NZ and Easy Crypto NZ make it easy.
To get started, it’s important to understand the basics of Shiba’s vision and technology. Once familiarized with Shiba, selecting a secure cryptocurrency wallet is a curial step.
Easiest way to Buy Shiba Inu NZ
What is Shiba Inu?
Shiba Inu made its debut in 2020, placing great importance on community involvement.
The SHIB cryptocurrency derives its name from the famous Shiba Inu dog breed, which hails from Japan. The beloved Shiba Inu dog is prominently featured in the symbol of SHIB, adding to its charm. The Shiba Inu breed gained substantial recognition through the widely popular “doge” meme, which also served as inspiration for other meme tokens.
To learn more about Shiba Inu – Visit Cryptocurrency NZ What is Shiba Inu NZ Guide.
History of Shiba Inu
Shiba Inu, a cryptocurrency introduced in 2020, was created by an anonymous individual or group known as “Ryoshi.” The founder’s identity remains undisclosed, adding to the mysterious nature of the project. Ryoshi’s vision for Shiba Inu was to create a meme-inspired token that would engage the community and capture the enthusiasm surrounding the Shiba Inu dog breed. With its origins rooted in internet culture and the “doge” meme.
How does Shiba Inu Work?
Shiba Inu operates on a decentralized blockchain network, similar to other cryptocurrencies like bitcoin and Ethereum. It utilizes smart contracts, which are self-executing agreements stored on the blockchain, to enable various functionalities.
As a holder of Shiba Inu (SHIB) tokens, you have the ability to participate in the ecosystem in different ways. For example, you can buy and sell SHIB tokens on cryptocurrency exchanges. Additionally, you can engage in decentralized finance (DeFi) activities by providing liquidity to the ShibaSwap decentralized exchange or staking your SHIB tokens.
Can I Buy Shiba Inu in NZ?
Yes, Kiwis can buy Shiba through a selection of Cryptocurrency exchanges, brokerages, and P2P marketplaces available in New Zealand. These platforms offer an easy-to-use interface, allowing users to purchase Shiba using NZD or other cryptocurrencies.
Best places to Buy Shiba Inu NZ
⭐Cryptocurrency NZ Recommendation 🏆
Easy Crypto NZ
Easy Crypto NZ is New Zealand’s most popular cryptocurrency retailer, making it safe, fast, and easy for Kiwis to buy and sell over 97+ cryptocurrencies in minutes – including Bitcoin, Ethereum, Dogecoin and XRP.
Website: www.easycrypto.ai/nz
Pros Of Easy Crypto NZ
✔️ Accepts NZD: Easy Crypto is a New Zealand-based retailer, which means that users can buy and sell cryptocurrencies using New Zealand Dollars (NZD).
✔️ User-friendly: Easy Crypto has a simple and user-friendly interface that makes it easy for individuals to buy and sell cryptocurrencies, even if they are new to the world of digital assets.
✔️ Strong customer Support: Easy Crypto offers competitive fees and is known for its strong customer support. The team is available to assist users with any questions or concerns they may have.
✔️ Secure platform: The platform is secure and uses industry-standard security measures to protect user data and funds.
Cons Of Easy Crypto NZ
❌ Limited Features: Easy Crypto may not offer as many advanced trading features as some other exchanges, which may be a drawback for experienced traders.
❌ Trading Fees: The trading fees for less popular cryptocurrencies on Easy Crypto can be higher than on other exchanges.
Easy Crypto NZ has a transparent fee structure, which is included in the price of the cryptocurrency being bought or sold. The fee structure is based on a percentage of the transaction value, and the percentage varies depending on the cryptocurrency being traded.
Easy Crypto NZ fee range is from 0.70% to 0.90%.
Binance
Binance is one of the largest centralized cryptocurrency exchanges in the world. The exchange was founded in 2017 and has since grown to offer users a platform to trade over 500 digital assets, including Bitcoin, Ethereum, Binance Coin, and many more.
Binance is known for its low trading fees, high liquidity, and advanced trading features, including margin trading, futures trading, and staking.
Pros Of Binance New Zealand
✔️Wide range of tokes: Binance supports a huge range of tokens, which gives New Zealanders access to a diverse range.
✔️ Low trading fees: Binance has some of the lowest trading fees in the industry, which can be a significant advantage for frequent traders.
✔️ High liquidity: Binance has a high trading volume, which means there is high liquidity on the platform. This makes it easier to buy and sell cryptocurrencies quickly.
✔️ User-friendly interface: Binance has a user-friendly interface, which makes it easy for beginners to navigate and trade cryptocurrencies.
Cons Of Binance New Zealand
❌ Regulatory uncertainty: Cryptocurrency regulation in NZ is still uncertain, which can create a level of risk for users of the platform.
❌ Limited payment options: Binance has limited payment options for New Zealanders, with bank transfers being the primary payment method.
❌ Security risks: As with any cryptocurrency exchange, there is a risk of hacking and theft. Binance has implemented security measures to mitigate these risks, but there is still a risk involved.
❌ Customer support: Some users have reported issues with Binance's customer support, which can be frustrating if you encounter any issues with the platform.
| Taker | Maker |
| Spot: 0.1000% | Spot: 0.1000% |
| Futures USD: 0.0400% | Futures USD: 0.0200% |
More information on Binance exchange fees can be found here.
FAQs about Shiba Inu in NZ
How can I buy Shiba Inu tokens?
Shiba Inu tokens, also known as SHIB, can be purchased on various cryptocurrency exchanges. You can typically buy SHIB using other cryptocurrencies, such as Bitcoin or Ethereum.
Can I stake my Shiba Inu tokens?
Yes, you can stake your Shiba Inu tokens. By staking your tokens, you can contribute to the network's operations and potentially earn additional tokens as rewards.
What is the governance token of the Shiba Inu ecosystem?
The governance token of the Shiba Inu ecosystem is called BONE. It enables holders to participate in governance activities, such as voting on proposals and decisions that impact the Shiba Inu project.
