Best Methods On How To Earn Shiba Inu Coins Fast

How Can I Get a Shiba Inu? 

Last Updated January 28th 2022
14 Min Read

When CNN reported a story of two brothers who have become multi-millionaires after investing in Shiba Inu Coins (SHIB) with a few thousand dollars, people’s perception about the coin and its protocol started changing. 

Such a fortune was made after Shiba (SHIB) soared by more than 400,000% in the first 5 months of 2021. 

The crypto trading asset eventually succumbed to the bearish outlook of the market in May and June. Shiba began the 4th quarter of 2021 on a good note and reached its current all-time high during that time.

Several credible analysts and experts have made forecasts about the cryptocurrency and its potential as a speculative asset. Unsurprisingly, most of them believe SHIB could command prices that are a hundred or thousands of times higher than its current trading price

Such estimates have sparked great interest in the token which is evident by the number of questions people are asking on search engines and social media platforms. 

One of the questions which keep trending week in and week out is, what are the best methods on how to earn Shiba Inu Coins Fast? Such a question is in people's minds because of their anticipation to own more SHIBs so that they will enjoy the meteoric rise of the asset in the not-too-distant future. 

In the current space of cryptocurrency investing, everyone is welcomed to try their hands on more than 17,000 tradable coins. Therefore you do not have to dream about owning SHIBs, because this feature article is going to provide you with 5 authentic ways you can earn Shiba Inu Coins fast.

How can I earn Shiba Fast?

Below we've listed the best methods on how to earn Shiba Coins very fast.

1. Get Paid in Shiba

2. Lending Shiba for Profits 

3. Earn Shiba coins through promotions

4. Shiba Mining 

5. Shiba Trading


Why Shiba Inu Coins? 

Before diving into the best methods of how to earn Shiba Inu Coins fast, it is important to get clear about one question: Why Shiba Inu? 

Shiba Inu is a peer-to-peer decentralized protocol that was founded in 2020 by an individual or group of people who go by the name RYOSHI. The protocol provides a platform that facilitates decentralized payments. Thus, users can send and receive SHIB over the internet without any intermediaries controlling the transaction. The benefits of owning Shiba Inu Coins are briefly discussed below. 

Huge Growth Potential - Shiba Inu is a relatively newer concept that is fully controlled by its fans (Shiba Inu Community). With less than 5 years of experience in such a saturated space of innovative products, the project has achieved more than competing crypto projects. 

A great example can be attributed to the launch of Shibaswap (decentralized exchange) in July 2021. Such a milestone was achieved in just 10 months after the launch of the protocol to expand the usage and exposure of the Shiba Inu Coin. 

In comparison to meme-inspired projects such as Dogecoin which continues to rely on tweets from Elon Musk and other industry experts, Shiba has taken advantage of running on the Ethereum Network and has triggered smart contracts. 

This means that aside from the DEX created, there could be more decentralized applications (DAPPS) created on the Shiba ecosystem that will see users pour more liquidity into SHIB. 

In the long term, this will have a positive effect on the market valuation of the whole project through its cryptocurrency as a tradable token. 

Provides Passive Income - Several exchanges such as Crypto.Com and Coinbase allow users to earn on their crypto holdings through staking. The annual percentage yields from such stakes range from 5% and 7%

Aside from that, rewards from mining cryptocurrencies, gains from trading, and profits from the sale of tokens can help balance your books at the end of the year. 

In a 2021 report by Binance, several users of crypto said they do not consider it as a mere hobby but as a way of earning consistent income. 

Statistically, 39% of participants said they believe in HODLing (holding coins with an eye on the long term), while 22% used their tokens for lending and staking. Shiba could provide the constant passive income you are searching for. 

Draws You Closer to the Non-Fungible Token (NFT) Market - The NFT Market is a multi-billion industry. At the time of writing, the NFT market had a capitalization of $23.3 billion

The Shiba Inu Community is vibrant in the NFT space. SHIB gained 26.5% following its NFT Release on 15th August 2021. 

The Community has launched an initiative called KriptoKards Shiba NFT Card Collection where they trade Shiba Inu card NFTs on NFT marketplace OpenSea

This means that a huge card sale from the Shiba Card Collection could bring a spike in the price of the cryptocurrency which can be beneficial to you as a SHIB holder.  

Cheaper Way of Paying for Online Services - Owning SHIB makes it easy for you to buy goods and services across several merchants that list the digital currency as an option of payment. Considering SHIB comes with one of the cheapest fees in transaction costs, owning SHIB gives you value for your money. 

Now that you know the benefits of being a SHIB owner, let us zoom straight into the methods you can employ to make Shiba Inu Coin quickly. 

Check Out: The 5 Best Ways to Buy Shiba Inu Coin (SHIB)

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Get Paid In Shiba

One of the easiest and fast ways to earn Shiba is to get paid in SHIB. The world of work changed when the pandemic took hold of the world in the fall of 2019. More than half of the labour force was asked to work from home. This resulted in a huge spike in the use of digitals tools. 

One of the areas that profited from work-from-home opportunities was the cryptocurrency market. With low patronage of services in the mainstream due to lockdowns, millions of people lost their jobs. As a result, many people resorted to taking up work online to make ends meet. 

This saw increased use of freelancing marketplaces to accomplish online-related work. At the end of the completion of tasks, several people asked to be paid via cryptocurrencies so that they could experiment with the new asset class in terms of trading.

The cryptocurrency market has created millions of jobs for writers, editors, graphic designers, and journalists. Most industries that were created on the back of the crypto boom pay their staff through their respective cryptocurrency wallets. 

Find your niche and put your expertise out there. Once you complete a particular task, you can ask your client to pay you in Shiba Inu. Therefore you not only get paid for your service but find a legitimate way of earning Shiba Inu. 

Lending Shiba For Profits 

For those who are already holders of SHIB, it is possible to make more coins by using the profits from lending to buy more Shiba Inu tokens. One of the simplest ways of earning SHIB is to lend an amount of money to someone knowledgeable in cryptocurrencies to trade digital assets for additional income. 

Once you make profits, you can invest that profit into purchasing more SHIB coins. 

Practically, one sure way of earning Shiba Inu coins from interest payments is becoming a lender on decentralized applications (DAPPS) such as Compound, Aave, and Maker. These DAPPS are ERC 20 tokens (they were also built on the Ethereum Network). 

The SHIB token was created to be compatible with all applications on Ethereum which includes the lending and yield aggregation platforms earlier mentioned. 

As a SHIBA holder, you can join the various liquidity pools being offered by these applications. Based on the annual percentage yields (APYs) that suit your interest, you can earn more rewards in Ethereum’s native token Ether (ETH). You can then swap your ETH rewards to SHIB. 

Based on the impressive price patterns of Ether, your SHIB holdings are going to experience an increment in number as well as value.

Editor’s Note: While there are legitimate ways you can earn Shiba Inu through interests or percentage yields, you should know that there are cybercriminals who are just interested in putting a dent in your financial resources.  

Don't Miss: Why Do Shiba Inu Coins Have Value?

Earn Free Shiba Inu Through Promotions 

Did you know that billions of Shiba Inu Coins were being given away for FREE in May 2021? 

You can earn Shiba Inu coins through promotions. You can only get to know of such promotions if you follow the whole space from cryptocurrencies and decentralized finance, right down to non-fungible tokens. 

Always stay up to date with the new trends in the cryptocurrency space. This will help you stay up to speed with any promotions for free coins in the space whether SHIB or others.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Mining 

Shiba Inu Mining is one of the recommended methods on how to earn SHIBs online fast. 

Since SHIBA runs on the Ethereum Network and Vitalik Buterin modelled his innovation on Bitcoin, it is under the demands of a proof-of-work algorithm. In this algorithm, mining is the process used by the Shiba Inu protocol to confirm transactions, generate new blocks, and release new coins.

Ethereum 1.0 cannot scale transactions faster. Because of this, the network released a new version called Ethereum 2.0 on 1st December 2020 to help speed up the transaction process. This upgrade has not reached full functionality but blockchain experts continue to find new ways to go around the mining process. 

Ordinarily, POW-backed blockchains use high computational power. As a result, miners have to purchase application specific-integrated circuits (ASICs) to be able to achieve an effective mining process that brings rewards in the form of coins.

The good news is that Shiba Inu can be mined through a mining pool with a personal computer with the features of your central processing units (CPU) and graphical processing units (GPU).  

Read Also: Shiba Inu Price Predictions

Shiba Trading

Shiba trading is the fastest and most popular way of earning more Shiba Coins. Trading takes place in centralized and decentralized exchanges. The basic law of trading is buying an asset when its price is low and selling when the price goes up. 

On your preferred exchange of choice, you can buy an amount of SHIB that meets your budget. With SHIB trading at a relatively lesser price than Bitcoin, Ether, Dogecoin, Stellar, and Cardano, you can buy millions of Shiba Inu Coins. Once the bulls’ returns after more innovations appear in its ecosystem, you can use your gains to buy more SHIB. 

One of the best ways to get more SHIB coins through trading is the conversion of gains to stablecoins when the asset reaches its peak. 

The Final Take 

While there are diverse methods that you can use to earn Shiba Inu Coins fast, you should know that each method comes with risks due to the volatile nature of the cryptocurrency market. You should always ask the question, does the risk of using a particular method to earn SHIB coins fast outweigh the possible consequences of the rewards?

As a beginner, you should not fall for any recommendation which promises to help you earn more Shiba Inu coins fast. Instead, you should understand your preferred method of earning the coins. 

Although many analysts and experts recommend TRADING as the primary method to earn Shiba Inu Coins fast, you must cast your net wide so that you can profit from promotions, mining pools, and yields from staking

If you choose to earn SHIB through trading, you must practice with a virtual account before making a transition to a live account

Take a stake in the cryptocurrency space and you could be one of the next traders and investors who could earn free Shiba Inu coins from promotions by up-and-coming financial technology (FINTECH) companies in the decentralized finance space.

eToro – Best Exchange To Buy Shiba Inu

eToro have proven themselves trustworthy within the crypto industry for years – highly recommend them. 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Read More:

When Is The Right Time To Invest And Sell Shiba Inu?

Is Shiba Inu Safe to Invest In?

Shiba Inu (SHIB) Price Prediction for 2025 and 2030

Why Shiba Inu (SHIB) Is So Cheap?

Will Shiba Inu (SHIB) Make Me Rich?


Can I Mine Shiba Inu On My Phone? 

It is not safe for you to mine Shiba Inu on your phone. Videos are circulating online about some people recommending mobile applications for the mining of Shiba Inu coins. 

Inasmuch as they could be right, mining normally demands high computational power in the minimum form of a central processing unit and graphical processing unit (components of a personal computer). 

You could be a part of a mining pool through your phone but real mining demands relatively higher computational equipment.

Can You Mine Shiba?

You can mine Shiba Inu if you have the right mining equipment. If you do not have the latest gadgets that can make this possible, you should think about joining a mining pool so that you can take risks and share rewards in a group. 

How Can I Get a Free Shiba Inu Coin? 

The best and safest methods to get free Shiba Inu Coins are to become a part of a legitimate mining pool OR take advantage of a promotion that ends in the giving away of free coins. A great example of this can be attributed to the Supercharger Shiba Inu Coin Event (stake CRO for SHIB).

How Do You Mine Shiba Inu Coins? 

You can become an individual miner by purchasing equipment that falls under the category application specific-integrated circuits (ASICs). These are used in mining coins that run on proof-of-work (POW) blockchains. 

On the other hand, you can join one of the easiest ways to mine coins which is called the Mining Pool. Under this process, you join a team of miners and share the token rewards.