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 overwhelming, particularly if it's your first time. That's why we've created this guide to assist you.

Step-by-Step Guide for South African Investors

1. 1. Acquire Shiba Inu (SHIB) Tokens

   To stake Shiba Inu, you first need to acquire it. To obtain Shiba Inu, you'll need to buy it. You can select from these popular exchanges available in South Africa.

   Platform	Mint	Cost
   YouHodler	Shiba Inu (SHIB)	0,000007157
   Binance	Shiba Inu (SHIB)	0,00000715
   BTSE	Shiba Inu (SHIB)	0,000007172
   OKX	Shiba Inu (SHIB)	0,00001234
   Uphold	Shiba Inu (SHIB)	0,00001307
   Bake	Shiba Inu (SHIB)	0,00000717

   View all 42 prices

2. 2. Select a Shiba Inu Wallet

   Once you have SHIB, you'll need to choose a Shiba Inu wallet to store your tokens securely. Here are some solid options to consider.

   Platform	Mint	Staking rewards in South Africa
   YouHodler	Shiba Inu (SHIB)	Up to 15% APY

3. 3. Delegate Your SHIB

   We recommend using a staking pool when staking SHIB. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their SHIB, which increases their chances of validating transactions and earning rewards. You can manage this through your wallet's interface.

4. 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.

What to Keep in Mind

There are transaction and staking pool fees you need to take into account. Additionally, there may be a waiting period before you begin earning rewards. The staking pool will need to generate blocks, and this process can take some time.