How to Stake Shiba Inu (SHIB)

Introduction

Staking Shiba Inu can be an excellent choice for those looking to hold SHIB while earning APY in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-time users. That's why we've created this guide to assist you.

Step-by-Step Anleitung

1. 1. Acquire Shiba Inu (SHIB) Tokens

   To stake Shiba Inu, you first need to acquire it. To obtain Shiba Inu, you'll need to purchase it. You can choose from these well-known exchanges available in Germany.

   Plattform	Kryptowährung	Price
   YouHodler	Shiba Inu (SHIB)	0,000007177 APY
   Binance	Shiba Inu (SHIB)	0,00000717 APY
   BTSE	Shiba Inu (SHIB)	0,000007172 APY
   OKX	Shiba Inu (SHIB)	0,00001234 APY
   Uphold	Shiba Inu (SHIB)	0,00001307 APY
   Bake	Shiba Inu (SHIB)	0,00000716 APY

   View all 42 prices

2. 2. Select a Shiba Inu Wallet

   Once you have SHIB, you'll need to select a Shiba Inu wallet to securely store your tokens. Here are some solid options to consider.

   Plattform	Kryptowährung	Staking rewards
   YouHodler	Shiba Inu (SHIB)	Up to 15 % APY

3. 3. Delegate Your SHIB

   We recommend using a staking pool when staking SHIB. It's simpler and faster to get started. A staking pool is a collective of validators who pool their SHIB, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Start Validating

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

What to Consider

There are transaction and staking pool fees you need to consider. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, and this process can take some time.