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 intimidating, particularly for first-timers. That’s why we’ve created this guide to assist you.

Step-by-Step Guide for Italian Investors

1. 1. Acquire Shiba Inu (SHIB) Tokens

   To stake Shiba Inu, you must first acquire it. To obtain 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)	0,000007177 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

   Check out 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 excellent options tailored for the Italian market.

   Piattaforma	Criptovaluta	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 more straightforward and quicker to get started. A staking pool is a collective of validators who pool their SHIB, enhancing their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 4. Begin the Validation Process

   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. For these validations, you'll receive rewards in SHIB.

What to Consider in Italy

When engaging in staking, it's important to factor in the transaction and staking pool fees. Additionally, you may encounter a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take a bit of time.