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A comprehensive guide on how to stake Shiba Inu (SHIB)
We have extensive data on staking Shiba Inu (SHIB) and we are sharing some of this information with you.
We present various staking options with different coins that may pique your interest.
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Staking Shiba Inu is an excellent choice for those looking to hold SHIB while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
To stake Shiba Inu, you first need to acquire it. You can purchase Shiba Inu from various popular exchanges.
| Platform | Coin | Cost |
|---|---|---|
| YouHodler | Shiba Inu (SHIB) | 0.000007177 |
| Binance | Shiba Inu (SHIB) | 0.00000717 |
| BTSE | Shiba Inu (SHIB) | 0.000007172 |
| OKX | Shiba Inu (SHIB) | 0.00001234 |
| Uphold | Shiba Inu (SHIB) | 0.00001307 |
| Bake | Shiba Inu (SHIB) | 0.00000716 |
Once you have SHIB, you'll need to select a Shiba Inu wallet to keep your tokens safe. Here are some great options.
| Platform | Coin | Staking benefits |
|---|---|---|
| YouHodler | Shiba Inu (SHIB) | Earn up to 15% APY |
We suggest using a staking pool for staking SHIB. It's easier and quicker to start. A staking pool consists of validators who pool their SHIB, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the Shiba Inu network. You will be rewarded with SHIB for these validations.
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
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