My site is hosted on a shared hosting account.Do I need a static IP address for my site?

Maybe. There are some advantages to having a unique IP for your site. When you change servers, you can point your users to a new IP, so they don’t have to wait for the domain name change to propagate. With a static IP, it can also be simpler to upload and test your site before transferring the domain name to a new server. Setting up SSL is also much simpler. You may also not want to share your IP with some sites that could lead to your site being banned by search engines or spam lists.