What is Shiba Inu?

Shiba Inu (SHIB) is a decentralized cryptocurrency token built on the Ethereum blockchain. It was created as an ERC-20 token and launched in August 2020, with the goal of becoming a meme coin that could rival Dogecoin in popularity. The project has since grown to become one of the most popular tokens on Ethereum, with a market cap of over $7 billion at its peak. SHIB is used for various purposes such as trading, staking, and tipping people online.

What is staking?

Staking is a process by which holders of cryptocurrencies can earn rewards for holding their coins or tokens in wallets or exchanges for extended periods of time. This incentivizes users to hold onto their coins rather than selling them off quickly, thus increasing demand and driving up prices over time. By staking Shiba Inu tokens (SHIB), users can earn rewards from transaction fees generated by other users who are using the network to send transactions or interact with smart contracts deployed on it.

How to stake Shiba Inu?

To stake Shiba Inu tokens (SHIB), you first need to acquire some SHIB by buying them directly from an exchange. Once you have acquired your desired amount of SHIB then you need to transfer those funds into a crypto exchange (such as Bybit or Binance) or a wallet that supports staking (Metamask, Trust Wallet, Atomic Wallet). After transferring your funds into these wallets then all you need do is select any available pool from the list given inside these wallets & click ‘Stake’ button & start earning rewards passively!

Our top recommendations are to use Bybit or Binance, where you can purchase SHIB, and then stake it straight away from the same platform, without having to transfer it to another wallet. 

#1. Bybit

#2. Binance

Tips For Staking Shiba Inu

  • Make sure your wallet supports ERC-20 Tokens before attempting any kind of transactions
  • Always double check addresses before sending/receiving crypto
  • Research different pools thoroughly before selecting one
  • Monitor gas fees closely
  • Keep track of your earnings regularly so that you know how much profit/loss has been made after each period ends

What are the benefits of staking Shiba Inu?

There are several benefits associated with staking Shiba Inu tokens (SHIB) which we will list below:

  • It allows holders to generate passive income without having to actively trade their assets
  • It increases user engagement within the network
  • It helps increase liquidity within the ecosystemIt provides additional security against malicious actors due to increased decentralization
  • Stakers will receive discounts when they use certain services provided by platforms like Uniswap and Sushiswap that support SHIB staking pools


Staking Shiba Inu tokens (SHIB) offers many advantages including generating passive income without having to actively trade assets while also helping secure the network against malicious actors. Due diligence should be taken when researching different pools prior to selection, and remember to monitor gas fees closely during transfers. If staked correctly, this could potentially lead towards long term profits.

About the author 

Luke Campbell

Luke is an early adopter of cryptocurrency, and was buying and using Bitcoin back in 2011. He has seen the landscape of cryptocurrency change over the years, and firmly believes we are still in the early stages of mainstream crypto adoption. Luke is fascinated about the potential of the metaverse, and invests in virtual real estate.

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