How to Earn Shiba Inu (SHIB): A Comprehensive Guide

Introduction

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

Step-by-Step Guide

1. Acquire Shiba Inu (SHIB) Tokens

To lend Shiba Inu, you must first acquire it. To obtain Shiba Inu, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.

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. Choose 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. Earn Shiba Inu
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 earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.

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

What to be Aware of

Lending your cryptocurrency can be risky. 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 have in place to secure your cryptocurrency.

Latest Movements

Shiba Inu (SHIB) is currently priced at US$1 with a 24-hour trading volume of US$512.26M. The market cap of Shiba Inu stands at US$12.55B, with 589.26T SHIB in circulation. For those looking to buy or trade Shiba Inu, YouHodler offers avenues to do so securely and efficiently

Market cap: US$12.55B
24h volume: US$512.26M
Circulating supply: 589.26T SHIB

See latest information

Frequently Asked Questions About Lending Shiba Inu (SHIB)

What are the current lending rates for Shiba Inu (SHIB)?: As of the latest data, Shiba Inu (SHIB) offers a total of three lending rates, with an average rate of 5,370%. For those looking to maximize their returns, the best lending rate available is on YouHodler. It is essential to stay informed about these rates, as they can fluctuate, so consider using tools like Bitcompare to monitor them in real time.