How to Stake Shiba Inu (SHIB): A Comprehensive Guide for Australians

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. 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)	0.000008438
Binance	Shiba Inu (SHIB)	0.00000844
BTSE	Shiba Inu (SHIB)	0.00000846
OKX	Shiba Inu (SHIB)	0.00001234
Uphold	Shiba Inu (SHIB)	0.00001307
Bake	Shiba Inu (SHIB)	0.00000842

See all 42 prices

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. 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. 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.

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

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.