Where and How to Earn Shiba Inu (SHIB)

Introduction to the world of cryptocurrency can be both exciting and daunting

Lending Shiba Inu can be an excellent choice for those looking to hold SHIB while earning yield. The process may seem a bit intimidating, particularly for first-timers. That's why we've created this guide to help you navigate through it.

Step-by-Step Guide 1

1. 1. Acquire Shiba Inu (SHIB) Tokens

   To lend Shiba Inu, you must first possess it. To acquire Shiba Inu, you'll need to purchase it. You can select from these well-known exchanges.

   Platform	Coin	Price
   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. 2. Select a Shiba Inu Lender

   Once you have SHIB, you'll need to select a Shiba Inu lending platform to lend your tokens. You can explore some options here.

   Platform	Coin	Interest rate
   YouHodler	Shiba Inu (SHIB)	Up to 16% APY
   CEX.io	Shiba Inu (SHIB)	Up to 1% APY

   See all 6 lending rates

3. 3. Earn Shiba Inu with competitive rates that allow you to maximize your investments

   Once you've selected a platform to earn your Shiba Inu, transfer your Shiba Inu into your wallet on the earning platform. Once it's deposited, it will begin to accrue interest. Some platforms offer interest payments daily, while others do so weekly or monthly.

4. 4. Earn Interest

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Ensure that your earning platform offers compounding APY to maximise your returns.

What to be Aware of

Lending your cryptocurrency can involve risks. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.