How Can You Buy and Stake Shiba Inu Coin?
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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 Contents1.
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?
|
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)?
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.
* Now, from the staking page, look for SHIB coin. Then click on Choose Plan button.
* 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.
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.
Then, choose Shib coin from the list and click on Details icon.
Finally, entre the participation amount and you're all set and enjoy your daily free Shib.
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.
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.
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
After that, choose Bury SHIB, decide how many shib you want to stake and for how long. That's it ")
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.
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