Best Shiba Inu SHIB Interest Rates and Staking Rewards

Best Shiba inu SHIB interest rates and staking rewards

Welcome, here we list the best Shiba Inu SHIB interest rates and staking rewards so you easily can earn the highest yields.

Go to our full list of the best passive income possibilities if you are interested to earn crypto passive income on any other cryptocurrency.

Best Shiba Inu SHIB Interest Rates

In the table below, we list the best Shiba Inu SHIB interest rates. Here, you can see only Binance is currently offering an interest rate on depositing SHIB.

On Binance Earn, which is the passive income feature on Binance, you can get up to 5.25% when you lock your funds for 90 days.

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Binance Earn - Best Shiba Inu SHIB Interest Rates

With Binance Earn you can get up to 5.25% on SHIB which is the only and also the best Shiba Inu interest rate.

With Binance Earn you can use the Binance flexible savings rate och Binance locked staking.

  • With Binance flexible staking you can withdraw your deposit at any time
  • With Binance locked staking you have to lock your funds for 15, 30, 60 or 90 days. Usually, you will get a higher yield if you lock your funds for a longer time period.

Pros and Cons Binance Earn

Pros

  • High yields on cryptocurrencies
  • Binance Earn is a part of the largest crypto exchange

Cons

  • You have to lock your funds for 90 days to receive the highest interest rates

Crypto.com Earn Shiba Inu SHIB Interest Rates

Crypto.com Earn offers you up to 5%interest rate on your SHIB tokens. However, to earn that much you need to stake CRO worth $40.000 and lock your funds for 3 months.

The SHIB interest rate starts at 0.5% and from there it´s dependent on how much you stake and for how long you lock them up.

Pros and Cons Binance Earn

Pros

  • High yields if you stake CRO and lock your funds
  • Very good app and $25 bonus available
  • Complete ecosystem in the app
  • Good promotions with there VISA card (which you also will get once you stake CRO)

Cons

  • You have to lock your funds for 3 months to receive the highest interest rates
  • You have to stake pretty much in CRO to receive the highest yields (equal to $40.000)

Crypto.com $25 SignUp Bonus

When you signup with Crypto.com via our referral link and stake CRO for a Ruby metal VISA card ($400) you will get $25 in a welcome bonus. The ruby card will give you 2% cashback on all purchases and 100% back on Spotify.

Crypto.com Referral Code: mcmk7qgbhh

What is Shiba Inu SHIB?

Shiba Inu (SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or persons known as “Ryoshi”.

Shiba Inu was laucnhed as an experiment in community governance and decentralization.

Shibaswap DEX (decentralized exchange) is an important part of the Shiba Inu ecosystem.

Shiba Inu whitepaper is called the woof paper.

Shiba Inu was created as a meme coin and is now listed on Coinbase.

For a full informational video about Shiba Inu ecosystem and SHIB coin, see the video below.

How to pay tax on Shiba Inu SHIB interest?

As for all crypto interest payouts, you need to pay tax on Shiba Inu SHIB interest payouts.

As long as you don`t sell any SHIB you just pay tax on your interest payouts. 

Once you sell you also have to pay tax on capital gains.

Read more about how to pay tax on crypto interest account payouts.

However, if you want to sign up directly with the best crypto tax software and try it for free you can just click forward to Koinly. With Koinly you can get help to report up to 10.000 transactions for free for 20+ countries.

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Where to buy- Shiba Inu SHIB?

What is the best place to buy Shiba Inu SHIB coins?

As you can see in the Coingecko screenshot below, Binance has the best Shiba Inu SHIB markets. However, Binance doesnt allow for US customers but since Coinbase hold the 2nd spot you could go to Coinbase and buy SHIB if you are a US resident.

Best place to buy Shiba inu SHIB token - screenshot of markets from Coingecko

Buy Shiba Inu SHIB with Binance

Binance is one of the best places to buy SHIB token if you are from outside the US.

Binance offers large trading volumes and low fees.

In addition, if you sign up with our referral link, you will get -20% on all fees ever charged by Binance.

Buy Shiba Inu SHIB with Coinbase

Coinbase is probably one of the best places to buy SHIB tokens if you live in the US.

Coinbase is the largest regulated crypto exchange and has been around for many more years than Binance.

Go ahead and signup with Coinbase today to get your SHIB tokens.

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