How To Stake Shiba Inu (SHIB)
Do you want to earn Shiba Inu Staking Rewards by staking SHIB? Have your SHIB work for you instead of letting it sit in your wallet doing nothing. We will go over the best ways to stake your SHIB so that you can start earning interest right away.
Earn Shiba Inu Staking Rewards
Crypto.com
Crypto.com is one of the largest cryptocurrency exchanges in the world. The Crypto.com app isn’t the most beginner friendly compared to other exchanges but it is relatively easy enough that anyone will be able to navigate it. You can currently earn up to 3% interest per year on your SHIB using Crypto.com. There is a minimum holdings requirement of 8,000,000 SHIB to earn interest.
- In the Home screen, press the “Transfer” button.
2. Select “Deposit”.
3. Select “Crypto”.
4. Select “SHIBA INU” to get your SHIB address. Send your SHIB to the provided address.
5. Once you’ve received your SHIB, select the Crypto.com logo at the bottom of your screen to enter the menus.
6. Select “Earn”.
7. Select “Start Earning Now”. Ensure that you meet the minimum holdings requirement of 8,000,000 SHIB.
8. Select “SHIBA INU”.
9. Choose how long you would like to stake for. Your crypto will be locked for the specified length unless you choose “Flexible”. The longer the term length, the more interest you will earn.
10. Enter the amount of SHIB that you will be staking.
11. Continue through the remaining screens until your SHIB staking is finalized.
Shibaswap
Shibaswap is the official home of the Shiba Inu token as well as all its sister tokens such as BONE and LEASH. You can stake your SHIB on Shibaswap but the process is slightly more complicated and comes with many fees, but your SHIB is also more secure and you have potential to earn more interest. You will need to connect the Shibaswap website with a MetaMask account to stake.
Prerequisites:
- Have about $50-100 worth of ETH available to send to pay for future fees. You shouldn’t need all of this amount but it’s just to be safe.
- Get the MetaMask app for your computer or mobile device.
Connecting MetaMask To Shibaswap
Now that your MetaMask account is set up and has ETH and SHIB on it, you can now connect it to the Shibaswap website.
- Go to https://shibaswap.com/ and click on “Connect Wallet”.
2. Choose MetaMask. Your MetaMask extension will automatically open up for you to confirm the connection.
3. Once your wallet is connected, select “Stake Tokens” in the “Bury” section.
4. Select “Bury Shib”.
5. Enter in the amount of SHIB that you would like to stake before approving it. Your MetaMask will automatically open up for you to confirm the transaction.
6. Once you have confirmed the transaction on MetaMask, you’re all done and are staking your SHIB!
Final Thoughts
Shiba Inu is a relatively easy cryptocurrency to stake and earn interest on. We recommend staking on Crypto.com due to its simplicity and decent interest rates. If you want more security for your SHIB and don’t mind paying more fees, you can stake your SHIB on Shibaswap through MetaMask and possibly get more interest as well.
Earn Shiba Inu Staking Rewards by staking SHIBA (SHIB) on Crypto.com or Shibaswap. Visit Crypto Staking Rewards to learn how to stake crypto, earn staking rewards, cryptocurrency staking benefits, and where to find the best staking rewards.
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