What is staking, and what are its advantages?
A lot of long-term crypto investors (HODLers) look at staking as a way of making their digital assets work for them by generating some profit and rewards rather than just sitting in their cryptocurrency wallets. Simply, staking on MEXC is a way of earning rewards for holding certain cryptocurrencies. So, you can stake some of your SHIB and start getting rewards right now! If you want to know more about staking.
How do I start staking my SHIB?
Staking is generally open to anyone who wants to participate. Different exchanges, crypto wallets, and platforms offer various options and APY. The only thing you need to start is some crypto in your MEXC wallet. At MEXC, we offer two main staking products:
- Staking with flexible and locked (fixed) periods & APYs
- MEXC MX-DeFi sessions.
SHIB staking is currently only available on flexible staking.
As we previously mentioned, Shiba Inu Coin is now open for staking on MEXC. You can enjoy staking rewards starting as soon as today! Estimated APYs and minimum periods are subject to changes. Check on staking pages at MEXC.
|Product||MEXC SHIB Flexible Staking|
How do I start staking?
Starting staking on MEXC is easy! You will need to have a MEXC account, deposit, or buy crypto you plan to stake and enter staking itself. To complete these steps, you can refer to relevant guides.
MEXC Staking & MX DeFi are giving benefits to users who can hold their SHIB on MEXC. Apart from SHIB, our staking products also provide tens of different pools for various crypto and stablecoins to fulfill the needs of users. So, when our users don’t perform trading, they can have some yields & rewards on their deposited assets to earn by holdings!