How to Buy Shiba Inu (SHIB) in South Africa
What is Shiba Inu?
Shiba Inu (SHIB) is an Ethereum-based altcoin featuring the Shiba Inu dog as its mascot. Launched in August 2020 by an anonymous creator known as Ryoshi, SHIB is a memecoin often referred to as the "Dogecoin killer."
The Shiba Inu ecosystem isn’t just about the SHIB token; it also includes other tokens like LEASH and BONE, as well as ShibaSwap, a decentralised exchange where users can swap tokens, provide liquidity, and stake their holdings.
Despite its humorous beginnings, SHIB has attracted a strong community and significant trading activity, remaining one of the top memecoins, second only to Dogecoin.
How much is 1 Shiba Inu (SHIB) in South African rands (ZAR)?
As of today, 1 SHIB = 0.000000 South African Rands (ZAR).
Market data last updated: Sep 9, 2024, 08:20 AM (GMT)
How to Buy Shiba Inu (SHIB) in South Africa?
If you’re in South Africa and interested in buying Shiba Inu (SHIB), one of the easiest and most secure ways to do so is through VALR, Africa’s largest cryptocurrency exchange by trade volume. VALR allows you to deposit South African Rands (ZAR), which you can use to purchase SHIB directly on the platform.
Here’s how you can buy Shiba Inu (SHIB) in South Africa using VALR:
Step 1: Log into Your VALR Account
To start, log into your VALR account via the VALR website or the VALR app on your mobile device. If you don’t have an account yet, you can easily create one. The registration process is straightforward, and account verification usually takes just a few minutes.
Step 2: Fund Your VALR Account with ZAR
Before purchasing Shiba Inu (SHIB), you’ll need to deposit ZAR into your VALR account. You can do this either through a bank transfer or by using a credit/debit card.
For bank transfers: Go to your ZAR Wallet on VALR, select "Deposit," and choose the "Via EFT" option. Select your bank, then use the provided VALR banking details and your unique VR reference number to transfer ZAR into your account. Be sure to include your VR reference number as the beneficiary reference to ensure your funds are credited promptly.
For credit/debit cards: Choose "Deposit" in the ZAR Wallet and select the "Via Credit or Debit Card" option. Enter your card details on the next page. Only 3D Secure-enabled cards are accepted, with a daily card limit of 10,000 ZAR.
Step 3: Place the Order
Once your ZAR has been credited to your VALR account, you’re ready to buy Shiba Inu (SHIB). VALR offers two Spot trading pairs for SHIB: SHIB/ZAR and SHIB/USDC. Here’s how you can make your purchase:
1. Via Simple Buy/Sell:
Navigate to "Buy/Sell" on the website or app, select "Buy" next to Shiba Inu (SHIB), and choose ZAR, BTC, EURC, USDC or USDT as your payment currency. Specify the amount of SHIB you wish to buy and complete the transaction.
2. Via Pro Trading: Select either the "SHIB/ZAR" or "SHIB/USDC" pair from the "Pro Trading" menu. This option allows you to set custom order parameters, such as the order type (Limit, Market, Stop-Limit), Limit price, and time in force. After providing these details, as well as the amount of SHIB to buy, click "Place Buy Order" to complete the transaction.
If you’re ready to buy Shiba Inu (SHIB) through VALR but don't have an account yet, sign up and get started in just a few minutes!
Common SHIB to ZAR Conversions
| Amount (ZAR) | SHIB Amount as of MMM XX, YYYY at HH XM (GMT) |
|---|---|
| 5 | X.XXXXXX |
| 10 | X.XXXXXX |
| 25 | X.XXXXXX |
| 50 | X.XXXXXX |
| 100 | X.XXXXXX |
| 500 | X.XXXXXX |
| 1,000 | X.XXXXXX |
| 5,000 | X.XXXXXX |
| 10,000 | X.XXXXXX |
| 25,000 | X.XXXXXX |
| 50,000 | X.XXXXXX |
Frequently Asked Questions
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The price of 1 Shiba Inu coin (SHIB) can vary based on market conditions. For the latest price in South African Rands (ZAR), you can check the SHIB/ZAR trading pair on VALR or use other crypto price tracking platforms.
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Shiba Inu (SHIB) has a total supply of 1 quadrillion coins. However, a significant portion has been burned (removed from circulation), with the remaining supply actively traded on exchanges.
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You can buy Shiba Inu (SHIB) using the VALR app, available on both Android and iOS. The app offers a seamless experience for buying, selling, and trading cryptocurrencies, including SHIB.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
