How to Stake Shiba Inu (SHIB): A Step-by-Step Guide

Introduction

Staking Shiba Inu can be a great option for those who want to hold SHIB but earn yield in a safe way while contributing to the network. The steps can be a little daunting, especially the first time you do them. That’s why we’ve put this guide together for you.

Step-by-Step Guide

1. Obtain Shiba Inu (SHIB) Tokens

In order to stake Shiba Inu, you need to have it. To obtain Shiba Inu, you'll need to purchase it. You can choose from these popular 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. Choose a Shiba Inu Wallet
Once you have SHIB, you’ll need to choose a Shiba Inu wallet to store your tokens. Here are some good options.
Platform Coin Staking rewards
YouHodler Shiba Inu (SHIB) Up to 15% APY
3. Delegate Your SHIB
We recommend using a staking pool when staking SHIB. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their SHIB, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
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. You’ll be rewarded with SHIB for these validations.

Platform	Coin	Staking rewards
YouHodler	Shiba Inu (SHIB)	Up to 15% APY

What to be Aware of

There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.

Latest Movements

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

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Frequently Asked Questions About Staking Shiba Inu (SHIB)

What are the current earning rates for Shiba Inu (SHIB)?: Shiba Inu (SHIB) offers various earn rates across different platforms. Currently, there are four total earn rates with an impressive average rate of 254,028.75%. The best earn rate can be found on YouHodler, highlighting the potential for significant returns. It is essential to stay informed about these rates, as they can fluctuate. For the most accurate and up-to-date information, regularly check Bitcompare's real-time price comparisons and alerts.