How Can You Buy and Stake Shiba Inu Coin?

-




staking shiba inu





Shiba Inu is one of the most popular digital currency in the world. Learn more about this coin and how to buy it and stake it as well.

Table of Contents

1.   What is Shiba Inu Coin (SHIB)?

2.   Where to Buy Shiba Inu Coin (SHIB)?

3.   Can you Stake Shiba Inu?

4.   What is Crypto Staking?

5.   Best Place to Stake Shiba Inu?

6.   How much Shiba do you get for Staking?

7.   How to Stake Shiba Inu?

a.      WhiteBit Exchange

b.     Bitrue Exchange

c.      Binance Exchange

d.     ShibaSwap DEX

8.   Can I Stake Shiba Inu on Crypto.com?
9.   Is it Safe to Stake Shiba Inu?
 


What is Shiba Inu Coin (SHIB)?


According to Shiba Inu website SHIB is an experiment in decentralized spontaneous community building. 

Shiba token ( Shib ) is the first cryptocurrency token to be listed and incentivized on  ShibaSwap, our decentralized exchange " they said".

They also claimed that they locked the 50% of the total supply to Uniswap and threw away the keys! The remaining 50% was burned to Vitalik Buterin.

 

Where to Buy Shiba Inu Coin (SHIB)?


You can buy shiba inu coin in many different major exchanges like WhiteBIT, Bitrue and Binance .

Can you Stake Shiba Inu?


The answer is Definitely Yes :)

Buy your coins and hold them to earn extra shiba. 



What is Crypto Staking?

Crypto staking is a way of earning rewards from holding cryptocurrency or tokens in a digital wallet. By staking cryptocurrency, users are able to generate income without having to trade actively on exchanges or take on any risk. Instead, they just have to stay online and continue to hold their coins in order to receive rewards.

Best Place to Stake Shiba Inu?


There are plenty of platforms that you can stake your shiba inu and get great APY. 

The best platform with the highest APY is WhiteBIT. As you can earn 1,400,000 SHIB yearly ( 1.4M ) if you have a total of 5M shiba in your account. This is a whooping 28% APY.

How much Shiba do you get for Staking?


It depends on what exchange you use to stake, in the table below, you can see how much shiba you earn when you use WhiteBIT platform.

Your Rewards

Duration of Staking

Total of Shiba Inu

20,000    Shiba

10  Days

5M

50,000    Shiba

20  Days

5M

87,500    Shiba

30  Days

5M

300,000    Shiba

90  Days

5M

 650,000  Shiba

180  Days

5M

1,400,000 Shiba

360  Days

5M

How to Stake Shiba Inu?




* In the homepage of the exchange at the bottom, go to Crypto Lending as shown in the picture below.

whitebit exchange



* Now, from the staking page, look for SHIB coin. Then click on Choose Plan button.

whitebit stake

 

* Finally, a new pop up window will appear, from it choose the duration you want to stake your coins. It varies from 10 days to 360 days.

In our example , I chose 360 days plan with %28 APY. Click Choose Plan and you are all set :)

Remember that the minimum amount to participate is 5M shiba.

staking shiba inu whitebit







 Let me show you how to do this....

On the top of the homepage, click on Power Piggy icon as shown on the picture below.


Bitrue homepage

 Then, choose Shib coin from the list and click on Details icon.


Power piggy bitrue
Finally, entre the participation amount and you're all set and enjoy your daily free Shib.


stake shiba coin bitrue



Participants will earn SHIB at 1 annual interest as a reward. For every 10,000 SHIB put into the program, you will earn 0.27 SHIB per day. There is a daily cap set at 36,000,000,000 SHIB. Participation is on a “first come first served” basis.


Your funds will not be locked so you can opt out anytime you want. You can opt in again as long as there's cap opening.

You can also trade or withdraw your coins at any time. To do this, all you need to do is unfreeze the event amount.

How to Stake SHIB in Binance Exchange?


At Binance you can receive different APY when you stake SHIB,  depending on the duration (Days) you choose your coins to be locked.

Staking SHIB Coin ( Shiba INU ) at Binance

Est. APY

Duration (days)

Minimum Locked Amount

3.67%

30 Days

1,000,000 SHIB

4.12%

60 Days

1,000,000 SHIB

5.25%

90 Days

1,000,000 SHIB


Now, I'll walk you through all the process on Binance.

1.  On the top of the homepage, go to Earn icon and choose Staking.

binance earn



2.  On the staking page, look for SHIB coin. 
3.  Hit Stake Now button. A new pop up will appear, from where you choose the duration of days you want to stake your coins.

shib staking binance


4.  Finally hit Confirm button.  That's it ;)

How to Stake Shiba Inu Coin in ShibaSwap?

You can do that simply by using the Bury function on ShibaSwap DEX Platform. It will allow you to stake your SHIB, LEASH, or BONE tokens and start earning rewards paid in BONE. The amount of rewards you get is based on how much of each token you staked.

Want to participate in the ShibaSwap staking program and earn extra SHIB rewards? Here's how you do it: 

First, on ShibaSwap DEX Plateform connect your crypto wallet containing your SHIB tokens, such as Metamask or Coinbase. Then buy some SHIB from a centralized cryptocurrency exchange and transfer it to your wallet.

Alternatively, you can also buy SHIB directly on ShibaSwap by swapping ETH or other supported cryptocurrencies for SHIB.

After you connect your wallet , click on Bury icon

shibaswap bury function


After that, choose Bury SHIB, decide how many shib you want to stake and for how long. That's it ") 

shibaswap dex staking


Can I Stake Shiba Inu on Crypto.com?

Crypto.com recently updated its staking rewards program Crypto Earn and removed certain tokens from the program. As of June 27, 2022 10:00 UTC, Dogecoin, Shiba Inu and thirteen other tokens are no longer eligible for staking on Crypto.com. So unfortunately, it is not possible to stake Shiba Inu on the platform at this time.
 

Is it Safe to Stake Shiba Inu?


When it comes to staking crypto tokens such as Shiba Inu, there is an element of risk involved due to the highly volatile nature of the crypto market. Prices can drop suddenly and significantly, leaving you with potential losses at the end of your staking period. For this reason, it is important to understand all risks associated with staking before any investing decisions are made.

Investors have to remember that staking involves certain risks associated with market fluctuations and other conditions that could have an effect on the value of their coins.


Frequently Asked Questions


1. Is Shiba Staking Possible on Ledger?

At this time, Ledger wallets do not offer support for Shiba staking.

2. What is the Best Wallet to Hold Shiba Inu?

Are you wondering what is the best wallet to hold Shiba Inu? SHIB tokens are Ethereum-based ERC20 tokens so they can be stored and used in any Ethereum-based wallet. Different wallets offer different levels of functionality. For example : 

a. Metamask    b. MyEtherWallet    c. Trezor Wallet


3. Can you Stake Shiba on Coinbase?

Coinbase does not offer staking for Shiba Inu (SHIB) tokens at this time.


4. Can you Buy Shiba with Credit Card?

Yes, you can buy Shiba with Visa or Mastercard on CEX.IO and Binance

5. How much will Shiba Inu be Worth in 2025?

Predictions on Shiba Inu's worth in 2025 are uncertain, yet the trajectory of its growth is very likely. As digital currency becomes more popular and accepted, SHIB is poised to become a major player in the space. Market analysts see digital currencies only increasing in use and value, so it stands a good chance that Shiba Inu will become even more valuable by 2025.



Recommended to Read:




Comments

Post a Comment

Popular posts from this blog

How, Where To Stake XRP? Is It Profitable?

-
Image
By Deya Hroob The popularity of staking is growing nowadays. You can easily stake various coins in different exchanges such as Binance , Bitrue and Cex.io . How to Stake On CEX.IO Exchange What is Staking? It is the process of holding a coin to receive rewards. Your funds are frozen and for this, you receive passive income in the form of interest. The staking profit depends on the chosen coin. Where To Stake XRP?   You can stake XRP in Bitrue exchange. There are two ways to stake XRP in Bitrue exchange.      1. Hold XRP and earn Interest Rate: 5.3%. Once participated, you will be able to receive your coin interest every day, until you opt out. Holders will earn XRP at 5.3 annual interest as a reward. For every 10,000 XRP put into the program, you will earn 1.45 XRP per day. Your coins will not be locked so you can opt out anytime you want. Minimum amount to join is 10 XRP 2.  Hold XRP for 30 days and earn Interest Rate: 10.2%. Y o
Read more

Two Days Before The 2016 Halving Bitcoin Plunged 11%

-
Image
Bitcoin Halving The Bitcoin Halving is an event that takes place every 210,000 blocks or roughly every four years, where the number of Bitcoin awarded per block mined is cut in half. Over the last three months leading up to this halving, Bitcoin has experienced increasing levels of volatility. Just two days before the third halving in May 2020, Bitcoin experienced a 20% drop in price which was similar to the second halving in 2016 when BTC dropped 11% two days before. History On Track In 2016 and 2020 Bitcoin underwent a halving event in May 2020, reducing the rewards miners receive for successfully completing a block by half. This halving event also had a large impact on the price of Bitcoin, as it halved the number of new Bitcoins that can come into circulation at any given time. As such, this created an increased demand for Bitcoin, resulting in its impressive surge to $10,000 earlier today before dipping below $8,000. After a 20% dip in price, Bitcoin has since reco
Read more

How to use RSI effectively in Trading

-
Image
  By Deya Hroob  Relative Strength Index (RSI) is a well-known technical indicators among traders. However, some of traders use it in a traditional way or use it wrongly. In this topic we will cover some profitable ways to use RSI.   What is RSI?  Relative Strength Index (RSI) was developed by J. Welles Wilder in 1978. It is a momentum indicator that measures the speed and change of price movements. Many traders use it to spot the overbought and oversold state of the market to initiate long or short position. The readings of the indicator fluctuate between 0 and 100. The RSI is considered overbought when above 70 and oversold when below 30. How to use RSI profitably? 1) Chart Pattern There are numerous chart patterns like Head and Shoulders, Double Tops , Pennants , Flags and many more. We see them forming in price charts. Amazingly, they are also forming in RSI even if they don't show up in price charts. Let's take an example:   This is AUD
Read more

NEO fights recovery: Technical Analysis

-
Image
Like other Cryptos NEO/USD has declined more than 50%  since June 26. It fell below the moving averages. The pair is trading now at $11 just above the 200-day SMA. The first resistance can be seen at $11.35, it's the 61.8 Fibonacci retracement level. An upside break up can trigger rise towards next resistance at $13.19. On the other hand, if NEO/USD slips below the 200-day SMA, it may plummet to $8.75 support level. RSI is close to oversold territory which shows that the power of the bears.
Read more

Bitrue lists 27 new XRP-based trading pairs

-
Image
By Chayanika Deka In another boost for the XRP ecosystem, Bitrue , a Singapore-based cryptocurrency exchange announced that it will soon list 27 new XRP pairs on its platform. With XRP as the base pair, the first 14 coins to be paired with it will be opened for deposits and withdrawals starting on 23rd December. The official blog post also revealed that the trading for the pairs will go live on 25th December. For the remaining 13 XRP-paired coins, deposits and withdrawals will begin on January 9th, 2020 following which trading going live on January 13th.     Bitrue’s official tweet  [New XRP Pairs] Just went live @BitrueOfficial ! More to come, happy trading. 🥰 💫 $ZIL / $XRP 💫 $IOST / $XRP 💫 $GNT / $XRP 💫 $ICX / $XRP https://t.co/jo35csRoeP https://t.co/N6Mmj42ttA https://t.co/eMCipgBD7O https://t.co/IYfl85SvX2 pic.twitter.com/tKJmhz1I5Q — Bitrue (@BitrueOfficial) March 27, 2019 Read The Whole Story in AMB CRYPTO
Read more

Ethereum Price Analysis: Ethereum Struggles to Recover

-
Image
    As the sentiment in the whole Cryptocurrency is weak at least in a short term, Ethereum couldn't scale above the moving averages. Both the 50-day EMA and 20-day EMA make it hard for ETH/USD to advance. Moreover, Ethereum lost the battle with moving averages and breaks down the uptrend line 1 and $190 level. It's a 61.8% Fibonacci level of the rally from $80 to $363. The price has tested and rebounded from the main uptrend line, it's the main and only major support for Ethereum, but if that support also breaks down, the fall can extend to $150 level. RSI confirms the weakness of the bulls. The trend line 1 and the 20-day EMA are at the same level,therefore, traders should expect  strong resistance from them. Traders should be on the sideline at the moment until a clear buy setup appears.
Read more

Bitcoin Price Surges Above $6.7K

-
Image
By Horus Hughes Since topping out at $6,500 on March 31, Bitcoin ( BTC ) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and Dow dropped by 4.41% and 4.44% respectively.  The slump in traditional markets appeared to be a reaction to dismal news that the United States surpassed more than 200,000 Coronavirus cases. Earlier this week the White House also stated that it concurs with the estimate that up to 240,000 Americans could die from COVID-19 within the next 3 weeks.  If true, this would likely extend the time social distancing and mass quarantine policies stay in effect, leading to additional damage to the economy. As advised by many market analysts, global markets are unlikely to show signs of bottoming until the Coronavirus pandemic is brought under control.  Bitcoin Price Chart Source: CoinGeck
Read more

Where to Buy and Get Free Hedera Hashgraph ( HBAR )

-
Image
 By Deya Hroob Discover the best places to buy Hedera Hashgraph (HBAR), plus learn about ways to get HBAR for free with this easy-to-follow guide. What is Hedera Hashgraph ( HBAR )? Hedera Hashgraph is a smart contract platform that enables developers to build decentralized applications (DApps) with confidence and speed. It is powered by a hashgraph distributed ledger technology which provides a superior consensus mechanism for secure and efficient transactions. The platform also offers over 40 native network services and APIs to create powerful distributed applications with low fees and energy consumption compared to other popular blockchains. HBAR token roles is to power Hedera services like smart contracts, file storage and regular transactions.  Hedera Coin Where to Buy?   You can buy HBAR in many different exchanges like Bitrue , Binance and Huobi . In this post I will focus on buying HBAR in Bitrue Exchange since you can earn free HBAR tokens there. How to Get Hedera ? You can
Read more

Ethereum Shows Recovery: Bulls Jump In Again

-
Image
Daily Chart Ethereum breaks out both 20 and 50-day EMA. Also, a golden cross between moving averages is about to happen. RSI shows that the power is in bulls' hands. All of these show that the trend is changing from down to up. ETH/USD has rebounded from the trend line shown in the chart and it found support from 0.236 Fibonacci level at $212. The bulls will try soon to propel the pair above the trend line and carry it to the next target at $240 thereafter to $265. On the way down, the moving averages will give us a great opportunity to buy Ethereum at good levels with stop loss below them. 4H Chart  In the 4H chart, you can see clearly how the 20-day EMA provides good support. Below is the 50-day EMA that may hold any correction.The main resistance level is at $240. If bulls successfully break above it, a strong uptrend is expected to start.
Read more