SHIB
Shiba Inu price in INR.
₹0.0004303 up 1.18%
What is Shiba Inu?
A meme token on Ethereum with a very large supply, which is why its price has many zeros.
What it’s used for
- Speculation
- Its own ecosystem of apps and tokens
Key risks
- Extreme volatility
- Copycat tokens with similar names
How Indians usually buy Shiba Inu
- Pick an exchange registered with FIU-IND. Compare exchanges.
- Complete KYC with your PAN and Aadhaar.
- Add rupees by bank transfer or UPI, where the exchange supports it.
- Buy SHIB, then decide whether to keep it on the exchange or move it to a wallet you control.
Indefi doesn’t recommend buying any coin. Only invest what you can afford to lose.
SHIB and Indian tax
Taxed like any other VDA. Check the contract address before buying on a DEX. Calculate your tax.