In this guide, we explore two methods to stake or earn Shiba Inu (SHIB)—via centralized exchanges like Binance and decentralized platforms like ShibaSwap. We also include a step-by-step tutorial on buying SHIB directly through ShibaSwap.
Key Takeaways
- Staking involves holding SHIB to earn passive interest over time.
- Centralized options like Binance offer locked staking with fixed APY.
- Decentralized platforms like ShibaSwap enable yield farming through "Bury" pools.
How Crypto Staking Works
Staking Proof-of-Stake (PoS) coins like SHIB requires:
- Holding the token in a compatible wallet/exchange.
- Choosing a staking duration (flexible or locked).
- Earning rewards distributed daily or weekly.
Popular staking methods include:
- Locked Staking: Higher APY for fixed terms (30–90 days).
- DeFi Staking: Higher yields via platforms like ShibaSwap (e.g., "Bury SHIB").
👉 Learn how staking boosts crypto portfolios
How to Stake SHIB on Binance
Step 1: Log In to Binance
- Access your account via web or mobile app.
Step 2: Navigate to "Earn"
- Go to Wallet > Fiat and Spot.
- Locate SHIB and click "Earn".
Step 3: Select Locked Staking
- Choose a term (30/60/90 days) and confirm the APY.
- Minimum stake: Variable (e.g., 10M SHIB for 90 days).
Step 4: Monitor Rewards
- Track earnings under Earn > Locked Staking.
- Early redemption forfeits accrued interest.
How to Stake SHIB on ShibaSwap
Step 1: Connect Wallet
- Link MetaMask or Coinbase Wallet to ShibaSwap.
Step 2: Bury SHIB Tokens
- Click "Bury" > "Bury SHIB".
- Select stake amount (25%–100% of holdings).
- Approve two transactions (gas fees apply).
Rewards Mechanism
- Earn xSHIB tokens representing your pool share.
- Weekly payouts: 33% claimable, 67% locked for 6 months.
👉 Maximize DeFi staking returns
Buying SHIB on ShibaSwap
- Swap Tokens: Exchange ETH (or other tokens) for SHIB.
- Confirm Swap: Check gas fees and approve via wallet.
- Add SHIB to Wallet: Paste SHIB’s contract address in MetaMask.
FAQ
Can you stake SHIB on Binance?
Yes. Binance offers locked staking with terms up to 90 days.
What’s the APY for staking SHIB on ShibaSwap?
APY fluctuates; historical rates exceeded 500%.
Is SHIB a good investment?
As a volatile meme coin, research market trends before staking.
How do I claim SHIB staking rewards?
- Binance: Automatic daily payouts.
- ShibaSwap: Manual weekly claims via "Woof" section.
Conclusion
Staking SHIB offers passive income via centralized (Binance) or decentralized (ShibaSwap) platforms. Evaluate risks like lockup periods and gas fees before committing.
For advanced strategies:
👉 Explore crypto staking guides