Shiba Inu staking allows you to earn passive income simply by holding your SHIB on centralized exchanges (CEXs). Shiba Inu is one of the most recognizable memecoins, and one that has grown into an incredibly profitable investment for early adopters.
SHIB token has a very large market cap, and without sizeable investment will hardly make most people millionaires in the future. However, many of us hold SHIB and other memecoins on various exchanges for sentimental purposes. By staking Shiba Inu on exchanges you can earn free SHIB coins in a safe and reliable way.
To help increase your SHIB portfolio size, we took a look at all the exchanges to find out which ones offer the best APY (yearly interest) for SHIB staking. Here are the results:
| Exchange: | Flexible APY: |
|---|---|
| Binance | 0.02% |
| BingX | 3.00% |
| Bybit | 1.20% |
| KuCoin | 2.12% |
| MEXC | 0.40% |
| Bitget | 1.50% |
| XT | 1.00% |
| Gate | 0.88% |
| HTX | 1.00% |
| Pionex | 0.01% |
| Poloniex | 1.00% |
| CoinW | 1.00% |
| Bitrue | 1.00% |
All these exchanges offer flexible staking. Flexible staking means you can withdraw or use your SHIB coins (including accumulated interest) at any time, without delays, penalties or fees.
What are the best SHIB staking exchanges?
Best APY currently available for flexible SHIB staking is on BingX and on Kucoin. Even at 3% or 2.12% APY, you will only increase your SHIB spot bags by a tiny bit, but it’s better than nothing.
Third best Shiba Inu staking exchange is Bitget, offering 1.50% yearly return. Fourth highest SHIB staking APY is surprisingly on Bybit, followed by several other exchanges at 1% APY.
Is staking SHIB worth it?
Because of flexible durations, Shiba staking on exchanges comes with virtually no risk. You can unstake, trade and withdraw your SHIB tokens at any time. Even for frequent traders, staking can be a way to get extra income.
Biggest downside to staking SHIB are low returns. SHIB gives you significantly lower yields compared to many other coins and tokens on the market.
Nevertheless, if you are invested in Shiba Inu and plan to hold for a longer duration, there is no downside to getting extra income from staking, regardless of amounts.
How much can I earn with staking?
We got you covered. Our custom-built staking returns tool will help you get a rough overview of potential earnings.
BONE & LEASH staking
Many SHIB holders also have BONE, which is a good bet if you believe in the whole Shiba Inu ecosystem. The best BONE staking yield is on Bitrue at an impressive 45,38% APY.
Doge Killer (LEASH) is another token on the Shiba Inu blockchain. This one is significantly less popular compared to its big brothers, but that is often precisely why new investors are attracted to it. Bitrue currently offers the highest yield for LEASH staking at 25,48% APY.
Keep in mind that staking BONE and LEASH on Bitrue does not come with flexible duration. Instead, you need to lock up your coins for 30 days. However, the impressive returns may be worth a consideration.
Holding even more memecoins? Take a look at top DOGE or PEPE staking exchanges!
A few things to remember:
- Savings, staking or earn programs are usually not available in US and Canada. Check each exchange to ensure this is the case. Alternatively, you can use exchanges without KYC to bypass regional restrictions.
- APY varies frequently by small percentages, you should confirm current rates with each exchange. We excluded temporary promotional rates, new user bonus yields, or other temporarily available rates. Yields displayed in the table are average and available to all customers,
Despite SHIB staking providing low returns, many investors see no reason not to get additional interest yields. Participating in staking can provide you with free SHIB tokens with almost no risk, because most centralized exchanges have protection and insurance funds in place, ensuring the safety of invested funds and interest.
