Where & how to stake Shiba Inu (SHIB)

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

1. 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
   Nexo	Shiba Inu (SHIB)	$0.00001909
   Bitpanda	Shiba Inu (SHIB)	$0.0000191
   Uphold	Shiba Inu (SHIB)	$0.00001905
   Wirex	Shiba Inu (SHIB)	$0.00001917
   Kraken	Shiba Inu (SHIB)	$0.00001921
   OKX	Shiba Inu (SHIB)	$0.00001903

   See all 21 prices

2. 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
   Bitmart	Shiba Inu (SHIB)	Up to 0.5% APY

3. 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. 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 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.