You can buy Shiba Inu (SHIB) in India with rupees on an FIU-IND registered exchange like Mudrex, starting from ₹100. Complete KYC, add INR through UPI apps like Google Pay or by bank transfer, and buy SHIB.
This guide walks through the steps, wallet and network basics, tax rules and the questions people ask most.
Shiba Inu is a memecoin that started as an ERC-20 token on Ethereum and has since grown an ecosystem around it, including its own layer 2 network, Shibarium.
| Detail | |
|---|---|
| Ticker | SHIB |
| Blockchain | Ethereum (ERC-20); also bridged to Shibarium |
| Circulating supply | About 589.2 trillion SHIB |
| Shibarium | Layer 2 network that went live in August 2023 after a failed first launch |
| Supply reduction | Ongoing token burns, though they have not meaningfully changed circulating supply |
Shibarium has had a rough stretch. It suffered a major security breach in September 2025, and the team later launched “Shib Owes You” NFTs to track and compensate affected users. The 2026 roadmap centres on a privacy upgrade built with cryptography firm Zama.
Because one SHIB costs a fraction of a paisa, you will always buy SHIB in large quantities. Check the live rate on the SHIB to INR converter.
If you are wondering where to buy SHIB in India, pick an exchange registered with the Financial Intelligence Unit (FIU-IND) that lets you fund in rupees from your own bank account. Mudrex is FIU-registered, accepts UPI and NEFT/RTGS, and lets you buy Shiba Inu coin from ₹100.
Tap Add INR, enter the amount and tap Continue to Pay. Then:
Whichever you use, pay from the bank account linked to your Mudrex profile. Transfers from any other account are refunded within 7 to 14 working days.
The SHIB you bought appears in your portfolio once the order fills.
Risk note: SHIB is a highly volatile memecoin and trades far below its October 2021 all-time high. Treat any price target you see online with caution.
For the live rate and chart, see the Shiba Inu price page.
SHIB is a virtual digital asset, so gains are taxed under India’s crypto rules. Union Budget 2026 left these unchanged.
Budget 2026 also added penalties, from April 1, 2026, for platforms that fail to file or misreport crypto transaction statements. Your trades are reported, so keep your own records.
You can estimate your liability with the Mudrex crypto tax calculator. This is general information, not tax advice. Check your situation with a chartered accountant.
To buy Shiba Inu coin in India, pick an FIU-registered exchange, fund it from your own bank account and place the order. On Mudrex, that means KYC, Add INR through UPI or bank transfer, and a one-time or recurring SHIB buy from ₹100.
SHIB is a memecoin with price swings, and the 30% tax plus 1% TDS on sales cut into any gains. Size your position accordingly, and if you move SHIB off the platform, match the network and test with a small amount first.
Sign up on an FIU-IND registered exchange such as Mudrex, complete KYC, add INR via UPI or bank transfer, search SHIB and place a buy order.
You can buy Shiba Inu (SHIB) on Mudrex for as little as Rs. 100.
Yes. Buying and holding crypto is not banned in India, though it is not legal tender. Purchases are subject to KYC and anti-money-laundering rules, and gains are taxed at 30%.
Not on a compliant Indian platform. FIU-registered exchanges must verify your identity under PMLA rules.
Yes. On Mudrex, add INR through UPI and pick Google Pay, PhonePe or Paytm, then use your INR balance to buy SHIB.
On Mudrex you can start from ₹100; the exact fee shows on the order screen before you confirm.
Yes. Sell SHIB on Mudrex and withdraw the INR to your linked bank account. A 1% TDS applies to the sale.
