How to Lend Shiba Inu (SHIB)

Introduction

Lending Shiba Inu can be an excellent choice for those looking to hold SHIB while generating a return. 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 for Italian Investors

1. 1. Acquire Shiba Inu (SHIB) Tokens

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

   Piattaforma	Criptovaluta	Value
   YouHodler	Shiba Inu (SHIB)	0,000007157 APY
   Binance	Shiba Inu (SHIB)	0,00000715 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)	0,00000717 APY

   Check out all 42 prices

2. 2. Select a Shiba Inu Lender in Italy

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

   Piattaforma	Criptovaluta	APY
   YouHodler	Shiba Inu (SHIB)	Up to 16% APY
   CEX.io	Shiba Inu (SHIB)	Up to 1% APY

   Discover all 6 lending APY rates

3. 3. Lend Your Shiba Inu in Italy

   Once you've selected a platform to lend your Shiba Inu, transfer your Shiba Inu into your wallet on the lending platform. After the deposit is made, 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 relax while your cryptocurrency earns APY. The more you deposit, the higher your potential returns. Ensure that your lending platform offers compounding interest to maximize your earnings.

What to Consider in Italy

Lending your cryptocurrency can involve significant risks