Where To Stake Shiba Inu

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The price of Shiba Inu has been in decline, with many investors holding onto it, hoping it will return to its previous highs. Many owners are now learning how to stake crypto to earn a passive income. This article will explore the best places to stake Shiba Inu to earn additional SHIB tokens.

These crypto exchanges are the best for staking Shiba Inu (SHIB):

1. Binance (best overall for SHIB rewards)
2. ByBit (best for flexible SHIB staking)

Where You Can Stake SHIB

Centralized cryptocurrency exchanges such as Binance and ByBit, which offer SHIB staking, have a lower barrier to entry in terms of knowledge and expertise. These platforms are simple to use and remove the need to find a suitable validator.

1. Binance

Binance is a world-leading digital currency exchange with millions of users worldwide and is currently the largest exchange in terms of trading volume and liquidity. The exchange is highly regarded for providing a wide range of products and services, such as Binance Earn, which allows users to earn interest on their crypto assets or be rewarded with additional tokens.

Shibu Inu staking was officially launched on the Binance platform on 22nd August 2021 so that its customers could earn SHIB token rewards. The staking reward for Shiba is a maximum of 4.29% APY at the time of writing. Binance offers a fixed-term arrangement where the SHIB tokens can be locked for either 30, 60, 90, or 120 days. The longer term of 120 days offers the highest staking reward. However, participation is on a first-come-first-serve basis.

Duration	Annulized Interest Rate	Minimum Staking Amount
30	0.52%	1 Million
60	1.12%	1 Million
90	1.52%	1 Million
120	4.29%	1 Million

All users with a verified Binance account are eligible to stake SHIB tokens. The minimum requirement is 1 million tokens, equivalent to USD 50 at current prices. The staking reward is paid out daily in SHIB tokens and is sent directly to the user's wallet.

Overall, Binance is an excellent platform for staking Shibu Inu and currently offers the highest rewards for staking Shibu Inc. A secondary benefit of using Binance is that SHIB tokens can be bought and sold on the exchange with trading fees of 0.1%. However, investors in the USA should be aware that Binance.US does not currently support Shiba Inu staking and will need to use another provider. For a list of coins that can be staked, read our full review on Binance.US.

2. ByBit

ByBit is a popular destination for speculators looking to trade crypto with margins or in future exchanges. To accommodate investors on the platform, ByBit Earn enables its users to deposit their crypto to earn staking rewards. Investors can buy Shiba Inu in exchange and transfer the SHIB tokens to a flexible staking wallet to earn SHIB rewards.

While there isn't a fixed staking option like Binance, this won't trouble traders actively trading SHIB tokens on the exchange as they can accrue passive rewards between trades. The minimum amount to begin staking on ByBit is 2,000,000 SHIB.

As one of the few exchanges that support SHIB staking, Bybit offers a staking reward rate of 0.34% APY. Traders can subscribe to the staking pool at any time. Yields are calculated and distributed daily, which is similar to Binance. The benefit of flexible terms is the tokens can be withdrawn at any time without penalty. While there is no mechanism to compound rewards with Shiba staking on ByBit, it is a stable and secure trading platform for investors to rest assured their Shiba Inu investment is earning staking benefits.

Crypto Exchange Comparisons For Staking Shiba Inu

The table below compares the best places to stake Shiba Inu based on fixed rates and pay-out frequency. These figures are estimates when writing and are subject to change.

PLATFORM	NUMBER OF COINS	STAKING FEE	RATING	PROMOTION	WEBSITE	REVIEW
Binance	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	Up to $100 welcome bonus	Visit Binance	Binance Review
ByBit	None	None	Rating We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. 4.8 / 5	0% trading fees for 30 days (spot only)	Visit ByBit	ByBit Review

Shiba Inu Overview

Shiba Inu (SHIB), also known as Shiba Token, has exploded on the scenes and surged in popularity. The coin has a market capitalization of 4.3 Billion and is the 16th largest cryptocurrency in the world at the time of writing. The decentralized meme token was founded in 2020 by a person named “Ryoshi”. The ecosystem has since rapidly evolved with its own DeFi platform, staking and rewards system, and NFT marketplace known as the Shiba Inu Incubator. Read our guide on Shiba Inu and how it works for more information.

This Is How Much Can You Earn Staking SHIB

Investors and enthusiasts can stake SHIB tokens to earn approximately 0.5% to 4.29% Annual Percentage Yield (APY), depending on the wallet or staking pool. As with most soft-staking exchanges, the displayed APY is adjusted daily based on the on-chain staking rewards. This presents a risk when staking crypto, as the ROI offered by the exchange can suddenly change based on the token's supply and demand metrics. In a short period, Shiba Inu has become one of the top staking coins in the market.

How To Stake Shiba Inu Using An Exchange

The quickest and easiest way to stake Shiba Inu tokens is to use a cryptocurrency exchange that supports SHIB staking. Binance and ByBit are reputable crypto platforms that offer staking rewards between 3% and 5% APY.

To stake Shiba Inu using a crypto exchange, follow these steps:

1. Visit an exchange that supports staking such as Binance
2. Complete ID verification, then purchase or deposit SHIB tokens
3. Navigate to ‘Binance Earn' and select ‘Locked Staking'
4. Choose ‘Shiba Inu' from the coin staking list
5. Select a fixed term duration (i.e. 30, 60 or 90 days)
6. Enter the amount of SHIB to stake and ‘Confirm'

Frequently Asked Questions