How to Stake Shiba Inu (SHIB) in Australia

Introduction

Staking Shiba Inu can be a great option for those who want to hold SHIB while earning yield safely and contributing to the network. The steps may seem daunting, especially the first time you attempt them. That's why we've created this guide for you.

Step-by-Step Guide

1. 1. Obtain Shiba Inu (SHIB) Tokens

   To stake Shiba Inu, you need to own it. To obtain Shiba Inu, you'll need to buy it. You can choose from these popular exchanges.

   Platform	Coin	Cost
   YouHodler	Shiba Inu (SHIB)	0.000007159
   Binance	Shiba Inu (SHIB)	0.00000716
   BTSE	Shiba Inu (SHIB)	0.000007172
   OKX	Shiba Inu (SHIB)	0.00001234
   Uphold	Shiba Inu (SHIB)	0.00001307
   Bake	Shiba Inu (SHIB)	0.00000716

   See all 42 prices

2. 2. Choose a Shiba Inu Wallet

   Once you have SHIB, you'll need to choose a Shiba Inu wallet to store your tokens. Here are some great options.

   Platform	Coin	Staking returns
   YouHodler	Shiba Inu (SHIB)	Up to 15% % p.a.

3. 3. Delegate Your SHIB

   We recommend using a staking pool when staking SHIB. It's simpler and quicker to get started. A staking pool is a group of validators who combine their SHIB, increasing their chances of validating transactions and earning rewards. You can do this through your wallet's interface.

4. 4. Begin Validation

   You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Shiba Inu network. You'll be rewarded with SHIB for these validations.

What to Be Aware Of

There are transaction and staking pool fees to consider. Additionally, there may be a waiting period before you start earning rewards. The staking pool needs to generate blocks, which can take some time.