How to Stake Shib on MEXC Exchange?
What exactly is staking, and what are the benefits?
Many long-term cryptocurrency investors (HODLers) see staking as a means to make their digital assets work for them by generating profit and rewards rather than merely resting in their bitcoin wallets. Simply said, staking on MEXC allows you to receive incentives for holding specific coins. As a result, you can stake some of your BTC and start earning rewards right away! If you'd want to learn more about staking.
How should I begin staking my SHIB?
Anyone who want to participate in staking may do so. Various exchanges, crypto wallets, and platforms provide different options and APY. All you need to get started is some cryptocurrency in your MEXC wallet. There are two primary staking products:
- Staking with flexible and locked (fixed) periods & APYs
- MEXC MX-DeFi sessions.
SHIB Stake
As previously stated, SHIB is now available for staking on MEXC. You can start earning staking rewards right now! Estimated APYs and minimum periods are subject to revisions. MEXC's staking pages are worth a look.
Product | MEXC SHIB Flexible Staking |
Staking Type | Flexible |
Estimated APY | 2.60% |
– | Full Terms |
How do I begin staking?
It is simple to begin staking on MEXC! You must have a MEXC account, deposit or buy the cryptocurrency you intend to stake, and then begin staking. You can use relevant guides to complete these steps.
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