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Shiba Inu (SHIB) capitalised on the memecoin trend in 2021 and developed a sizable cult following which propelled it to an all-time-high price of Rp1.34 in October 2021.
While this has helped make SHIB the #14 crypto by market cap, Shiba Inu is still a highly volatile asset capable of major price swings in a single day.
Today SHIB is trading for Rp0.1446987, which is slightly up from yesterday's trading price of Rp0.1443858379. Shiba Inu's seen a decrease of -79% over the past year.
So before you buy Shiba Inu, make sure you understand these unique risks as well as its legal, regulatory and tax status here in Indonesia.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Shiba Inu in Indonesia.
To buy SHIB all you'll need is a smartphone or computer, an internet connection, photo identification and a way to pay.
If this is your first time buying cryptocurrency you'll need to look for a platform that accepts Indonesian rupiahs, like OKX or Binance.
Don't worry too much about extra features or coins for now – you can always sign up with another exchange later.
Use the table to choose a platform that meets your needs and click the Go to site button to get started.
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.Read our beginner's guide to how Shiba Inu works
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 IDR.
If you want to buy Shiba Inu with Indonesian rupiahs, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Indonesia and requires you to upload some 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.
Once you've set up your account, you'll need to deposit funds to buy Shiba Inu with. We've listed out some popular ways to buy SHIB and what you should know about each payment method below.
Most exchanges let you buy as little as Rp5 worth of SHIB, if not less. Just type in how much you want to spend in IDR and let the exchange work out the rest.
Some platforms only offer 1 way to buy Shiba Inu, while others provide several choices. The 2 most common ways to buy SHIB are on the spot market or with an "instant buy" feature.
If it's your first time buying Shiba Inu this will be the fastest method – but also the least cost-effective.
You'll usually find the instant buy section under a "Buy now" heading on the platform you've chosen.
It should feature a simple interface that lets you enter the amount of Shiba Inu you want to buy, or Indonesian rupiahs you want to spend.
This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.
Be prepared to pay a markup on SHIB's market rate in exchange for the convenience.
If you see colourful charts with a range of prices, you're probably in the spot market.
The spot market is where buyers and sellers come together to place bids for SHIB on the open market. It's usually the cheapest way to buy Shiba Inu because it lets traders set their own price.
You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use.
There are several different order types that you can make on the spot market.
There are dozens of different trading platforms to choose from when buying Shiba Inu in Indonesia, so to help you find your best option, keep these factors in mind:
There are plenty of places to buy Shiba Inu, and people in Indonesia can choose from platforms registered here at home or in locations all around the world. Opting for a locally registered SHIB exchange typically offers more convenience, but may have some downsides depending on your goals.
You shouldn't invest in any asset, including SHIB without doing plenty of research first. Before you buy Shiba Inu, make sure you understand and weigh up these risks:
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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Compare today's price of Shiba Inu ($0.00001 USD) against its all-time high (ATH) price of $0.00008616 USD on October 28, 2021. The closer the bar is to 100%, the closer SHIB is to reaching its ATH again.
Shiba Inu is increasingly treated as a financial asset by governments around the world. This means that you may need to declare your SHIB holdings at tax time and should consider consulting a tax professional to make sure you don't run afoul of the law.
If you want to buy Shiba Inu, start by comparing a range of crypto brokers and exchanges available in Indonesia. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Consider an exchange registered with a local regulator for added peace of mind.
Remember that owning and using Shiba Inu is not without its risks. Carefully consider investing in SHIB as part of a wider strategy, and talk to a financial advisor if you have any questions.
Once you've bought some SHIB, think about what your short and long-term goals are. This will help you decide whether to keep it on an exchange, or move it to your own wallet.
There's a common misconception in crypto that the highest-priced coins are the most valuable, but that's not always the case. Market cap – circulating supply multiplied by the token price – is much more important to take into consideration.
This is especially important when evaluating a project like Shiba Inu that has 589370773469634.2 tokens in its circulating supply and a lot of investors holding millions or even billions of SHIB.
SHIB was originally listed on Uniswap in August 2020 by a pseudonymous developer known as Ryoshi.
At the time, it had very little trading volume and was largely unheard of. The token gained traction after being coined the DOGE Killer, gaining over 41,000% in months.
Shiba Inu (SHIB) can be purchased on 13+ exchanges in Indonesia, including OKX and Binance.
You can browse the full range in our comparison table.
Disclaimer: Cryptocurrencies, including Shiba Inu, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of SHIB 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 Shiba Inu or any other cryptocurrency discussed.
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