Kraken
With a market cap of $2,781,955,021.00 USD, Shiba Inu ranks as the 34th largest cryptocurrency by market capitalization in the world. It operates on the Ethereum blockchain network. It is currently trading at a price of $0.0000047 USD per coin and trades using the cryptocurrency code SHIB.
Shiba Inu is a highly volatile asset capable of major price swings in a single day. So before you buy Shiba Inu, make sure you understand these unique risks as well as its tax and legal status in Canada.
If you want to buy Shiba Inu in Canada or track its performance, keep reading to see the latest SHIB price, market cap and trading volume along with a step-by-step guide on how to invest in SHIB crypto in Canada.
| Current price | $0.0000047 |
|---|---|
| All-time high | $0.000086 |
| All-time low | $0.000000000056 |
| 1-year price change | ▼ -54.87% |
| Market cap | $2.78B |
| Market cap rank | #34 |
| Total volume (24h) | $47.74M |
| Circulating supply | 589,243,157,219,193 |
| Network | Ethereum |
| Where to buy SHIB | Buy on Kraken |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying SHIB can take as little as 15 minutes, and all you need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these five steps to learn how to buy Shiba Inu in Canada:
The easiest way to buy Shiba Inu is through a cryptocurrency exchange. Choose an exchange that offers low fees, a user-friendly platform or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada, or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for Shiba Inu. On beginner-friendly exchanges, this is as simple as searching for the coin name (Shiba Inu) or its crypto code (SHIB), entering the CAD or SHIB amount you want to purchase and clicking "Buy."
Consider transferring your SHIB to help protect against hacks, scams, platforms going bankrupt and other risks of keeping crypto on an exchange.
We've curated a list of legitimate crypto exchanges below where you can buy Shiba Inu in Canada to help you compare deposit methods, supported fiat currencies and fees.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
The recent Shiba Inu (SHIB) price is $0.0000047 USD per coin, which is +0.39% higher than the previous day's trading price of $0.0000047 USD. Over the past 30 days, SHIB's price has changed by -15.11%, from $0.0000056 USD to the current price of $0.0000047 USD. Compared to this time last year, Shiba Inu's price has seen a decrease of -54.87% to its value as a cryptocurrency.
Shiba Inu reached its all-time high of $0.000086 USD on October 27, 2021, which was a +152,858,005.95% increase from its previous all-time low of $0.000000000056 USD, which it reached on November 28, 2020. It has since landed at its current price of $0.0000047 USD.
Yes, you can buy Shiba Inu in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Shiba Inu—like the ones in our curated list above—and place a "buy" order. For example, Kraken supports Shiba Inu and is a registered crypto exchange in Canada.
Because Shiba Inu is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
Shiba Inu (SHIB) is a meme coin launched in 2020 by an anonymous person or persons known only by the pseudonym, Ryoshi. It has since grown into one of the world's most well-known cryptocurrencies and has even been labelled as "The Dogecoin Killer".
The Shiba ecosystem is divided into multiple tokens – SHIB, LEASH and BONE – each with different functionality.
SHIB originally had 1 quadrillion authorised tokens. However, it has a deflationary supply, and many of these coins have since been burned.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Shiba Inu with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload government-issued photo ID, and, in some cases, a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Shiba Inu with a credit card, you should be aware of the additional cost and risks involved.
For instance, credit card fees are usually higher than bank transfers or e‑Transfers. Some card issuers may even block cryptocurrency transactions or treat them as cash advances, which are more expensive. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Shiba Inu, you could end up paying this:
If it took you three months to pay off your Shiba Inu purchase at a credit card interest rate of 19.99% APR, you would pay an additional $0.00024 USD in interest on top of what you originally paid to buy Shiba Inu.
This example can help you compare the relative cost of buying Shiba Inu with a credit card versus other lower‑fee methods like Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Shiba Inu, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy Shiba Inu with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Shiba Inu with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Finder's expert panel expects the token's value to continue to plummet and be worth $0.000002500 to close out 2025 and $0.000000325 by the end of 2030.
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Cryptocurrencies are extremely volatile investments and therefore must be carefully risked. Based on historic price movements, meme tokens can pose an even greater risk, with heightened volatility.
Before purchasing SHIB, here are a few things to consider:
Volatility: Meme tokens have historically been subject to an immense amount of financial turbulence. As a result, prices can fluctuate wildly, sometimes on a daily basis
No use case: Unlike the majority of cryptocurrencies that solve tangible, real-world issues, Shiba Inu currently solves no underlying problem. While the token does carry value and therefore can arguably be used to perform transactions, it cannot be used for any specific actionable event
Tokenomics: SHIB has a current total supply of 1 quadrillion tokens, with no upper limit. As more tokens continue to enter circulation, this could devalue the token, which likely makes it unsuitable as a long term store of value
Digital ecosystem: Although the token holds no real value, the Shiba Inu website is developing its own ecosystem. The project actively encourages dog-inspired artists to support the ongoing Shiba art movement.
Many are now making their way into the NFT space. The Shiba team is also working in conjunction with Amazon to create a donations portal to help rescue real Shiba Inu dogs.
As the ecosystem grows, the SHIB token could develop a real-world utility
Exchanges: More reputable exchanges such as Coinbase and Crypto.com are adding SHIB to their marketplaces. The listing of SHIB on these mainstream exchanges tends to bring with it a lot of attention from major players.
On top of this, it signals long-term commitment from both the developers behind the project as well as the broader cryptocurrency community
Unit Bias: Beware of unit bias. A token with 1 quadrillion units will always appear "cheap" on a unit basis.
The unit price of a token does not mean that the token will increase in price more easily, nor is it meaningful in and of itself to own more units of the currency
SHIB $1 Narrative: It is highly unlikely that Shiba Inu will ever reach $1 per SHIB. There is not currently enough money or value in the world to justify such a valuation for Shiba Inu coin.
Any prediction of this nature should be disregarded as unfounded hype
There are two main options for storing Shiba Inu once you've bought it—keep it on an exchange or store it in your own personal wallet. Take a look at our guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Shiba Inu on an exchange, you're vulnerable to risk if the exchange gets hacked or compromised in another way.
It's generally much safer to store your crypto on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, Shiba Inu is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to other investments like stocks and ETFs.
Money you get from selling Shiba Inu can be treated as income or capital gains. That said, the CRA will tax crypto profits differently if you're a casual Shiba Inu buyer than if your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our guide to crypto tax in Canada.
Keep in mind that buying Shiba Inu can be risky. But if you decide to invest in Shiba Inu, look for a regulated crypto exchange in Canada that supports SHIB, and make sure to store your crypto securely.
Once you've bought Shiba Inu, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Shiba Inu's price over time to decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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