Best Shiba Inu wallets in the UK

All-time SHIB price growth via Coinbase

Shiba Inu, an Ethereum-based alternative to Dogecoin, has taken a leap from being a niche investment to becoming a mainstream choice. Often dubbed as the ‘Dogecoin killer’, its price has increased by over a million percent within a short period from its launch.

If you are looking to invest in Shiba Inu, you’ll need a Shiba Inu wallet to store and secure your meme tokens while they hopefully continue to rise in value in 2022.

In this guide we’ll review the best Shiba Inu coin wallets in the UK, and walk you through how to buy Shiba Inu. We’d also recommend diversifying your portfolio – always hold some BTC or ETH alongside smaller altcoins like SHIB.

Past performance is no guarantee of future results, and the Shiba Inu wallets listed below also support other crypto coins and tokens if you want to hedge your bets by holding other cryptos alongside SHIB.

Best Shiba Inu wallets in the UK – Quick Guide

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Some of the best places to buy Shiba Inu also offer their users a free Shiba Inu coin wallet – the major, long-established and regulated cryptocurrency exchanges. That’s eToro, Binance and Coinbase.

Best UK Shiba Inu wallets – Full Reviews

Here are our full reviews of the three best Shiba Inu wallets in the UK, to help choose the right one.

Though there are many crypto wallets available for Shiba Inu coins, we have specifically chosen these three wallets based on their best security systems, user-friendly interface, fee structure, and other important factors.

1. eToro Money Wallet

eToro believes that cryptocurrencies are the first step in the tokenization of all assets in the finance industry. It is well regulated by global authorities like FCA, ASIC, and CySEC. This top trading platform is known for providing a comprehensive trading experience to all UK residents.

Along with its trading services, eToro also provides its users with a top-notch wallet that safely stores crypto through its high-level security system.

A user can transfer Shiba Inu coins from the eToro trading platform through its wallet. Further, this wallet allows its users to send and receive meme coins, like Shiba Inu and Dogecoin, to and from other wallets.

If you are planning to convert any cryptocurrency to your favorite crypto, then this wallet should be the perfect match for you. The wallet is easily available on mobile platforms via the Play Store on Android devices and the App Store on iOS devices.

Along with these services, it provides you with an amazing opportunity of earning passive income through cryptocurrency staking. Here, you can stake some crypto assets like ETH, ADA, and earn rewards from holding them over a period of time.

Moreover, whenever you face any issue or difficulty while using any feature of this wallet, its customer support will always be there to help you. For all these reasons, eToro comes out as the perfect pick for any investor if he wants to keep his Shiba Inu coins safe.

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2. Binance Trust Wallet

You can hold Shiba Inu on the official crypto wallet of Binance, Trust Wallet. One can easily send, receive, and store these coins safely and securely with the Binance Trust Wallet.

Similarly, other cryptocurrencies like Dogecoin are also supported in this wallet. Further, it gives additional benefits in terms of storing NFTs (non-fungible tokens) easily.

This wallet could even be used by crypto enthusiasts to earn interest or rewards through staking many cryptocurrencies, play blockchain games, and access all-new DApps and DeFi platforms.

Binance Trust Wallet is easily available on Play Store for Android users and the App Store for iOS users.

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3. Coinbase Wallet

One of the leading cryptocurrency exchanges across the world, Coinbase has its separate crypto wallet known as Coinbase wallet. It offers its users to store all of their Shiba Inu coins, other cryptocurrencies, and NFTs in one place.

This wallet, further, supports over 4000 assets and is home to several DApps. It has an easy-to-use interface, which makes it a good choice for all crypto enthusiasts.

The users don’t need to have an account on Coinbase to operate this wallet. However, they could transfer funds quickly in case they link their wallet to Coinbase. This self-custody crypto wallet keeps the users in control of their crypto assets, keys, and data.

Your Shiba Inu coins are secured in this wallet through its industry-leading security, which provides additional security options on all of your devices gives you more alternatives to keep your crypto safe and secure.

The Coinbase Shiba Inu wallet has high-standard security systems like Secure Enclave, biometric authentication, and optional cloud backups to ensure that your private keys remain protected in the crypto wallet.

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What is a Shiba Inu wallet and how it works?

When you buy Shiba Inu coins, some cryptographic information is provided to you through which your cryptocurrency address gets linked to you. Generally, this information comprises a set of complex and long computer codes, which are too difficult to remember for any user. This is where Shiba Inu wallets come into play.

These wallets store these long and complex codes in form of private keys and interact with the blockchain network whenever any transaction of these coins takes place. With a Shiba Inu wallet, one can store these cryptocurrencies, buy, send, or trade in them.

As an investor, you have to ensure that you never share your private keys with anyone as any ignorance from your end could lead to the stealing of your cryptocurrencies.

One must remember that private keys on these wallets are the proof of one’s ownership over Shiba Inu. That is why, it is also advisable to use trusted wallets like eToro money wallet, which could keep your private keys protected from any external interference.

What types of Shiba Inu wallets are there?

Nowadays, there is a variety of Shiba Inu wallets available in the market. These wallets could be classified into three types: software, hardware, and exchange wallets.

Software wallets

Software wallets are those crypto wallets that could be downloaded and installed on your device in form of any application or program. It could be any mobile wallet, web wallet, or desktop wallet.

In the case of web-based wallets, private keys, that provide access to Shiba Inu, are kept safe in the wallet that is always linked with the internet. Though there are security issues with web-based wallets, however, they come out as the easiest and convenient option for storing cryptos.

Mobile wallets are generally in form of software that is downloaded on a smartphone or tablet. Sometimes, mobile wallets are non-hosted, i.e. the users are responsible for saving and managing their private keys for accessing their Shiba Inu coins. Some of the mobile wallets could provide the facility of hot storage as they could be linked to an exchange, while some provide cold storage security as they provide additional protection with offline options.

Similarly, desktop wallets are software for PC users. These wallets generally provide cold storage options for added security. MetaMask, Exodus, and Electrum are some of the examples of desktop wallets.

Hardware wallets

Hardware wallets are the crypto wallets that exist in the physical form. They provide more security to your crypto by allowing your favorite coins to be saved in an offline piece of hardware. For the same reason, they are also known as cold storage wallets.

One could get these wallets from the market and keep its Shiba Inu coins offline. These wallets could be linked to a computer through a USB or any other transfer device for ensuring easy transfers and transactions.

Though these wallets provide a higher level of security to your coins, however, you have to make sure that you did not forget the security keys of your wallet. Popular companies like Ledger and Trezor are involved in the production of these wallets.

Exchange wallets

The third type of Shiba Inu wallet is the exchange wallet, which has a centralized way of storing your Shiba Inu coins. These wallets are provided by a broker or crypto exchange. For instance, your Shiba Inu coins will automatically be saved in your exchange wallet when you buy them on an exchange platform.

The exchange wallets we recommend in this guide are provided by the top brokers, who are well-regulated by the top regulatory authorities.

An important thing that every trader wants to look at in his wallet is its reliability and effectiveness. Therefore, these wallets come out as a credible or reliable option for many investors to store their cryptocurrencies.

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Latest Prices (per Coin)

Bitcoin

£20461.21

£20273.81

£30761.62

£30738.22

£30756.78

£30752.96

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£1407.41

£1394.53

£2129.82

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£2128.20

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£224.68

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£5.85

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£11.18

£10.85

£11.16

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£0.29

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£0.63

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£0.18

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£0.18

£0.53

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£255.57

£253.23

£293.82

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£0.07

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£0.14

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£0.06

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£138.88

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£0.76

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£0.94

£0.93

£1.57

£1.57

£1.56

£1.57

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N/A

£124.64

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What makes a good Shiba Inu wallet?

The availability of multiple wallets makes it tough for any user to choose the right wallet for him. Here, we are discussing the features of a good Shiba Inu wallet, which will help in finding the best Shiba Inu wallet for you by narrowing down the options.

Security

Needless to say, a good Shiba Inu wallet must have a high-level security system for ensuring the private keys to Shiba Inu coins remain secured all the time. It should not be prone to any cyber attack or any other technical glitches.

Privacy

It is important to keep users’ sensitive information private from third parties. The guarantee of users’ privacy is the hallmark of a good crypto wallet.

Access to many cryptocurrencies

Many Shiba Inu wallets provide their users the option of storing many other popular cryptos like Dogecoin, Bitcoin, Ethereum, which makes it easy for these users to manage their portfolio in one place.

Fewer fees

Some wallets charge subscription fees or service fees for utilizing their services. Users generally prefer those crypto wallets which charge no subscription or service fees or a very reasonable amount of fees for using their services.

Easily accessible

A good Shiba Inu wallet will be easily accessible for all its users. For instance, the eToro Money wallet is easily accessible on mobile platforms via the Play Store on Android devices and the App Store on iOS devices.

Easy-to-use interface

It is important to have an easy-to-use interface in a good crypto wallet as users should not face any difficulty in using the services of that wallet.

Additional services

The utility of a good crypto wallet is not limited to just storing your Shiba Inu coins. Nowadays, wallets like eToro Money wallet, Binance Trust wallet, Coinbase wallet provide you with the services like storing your NFTs, managing your cryptos, staking of cryptocurrencies, and much more.

How to buy Shiba Inu (SHIB)?

The SHIB token has witnessed tremendous growth in its price value, which has made it a favorite meme coin among crypto enthusiasts. If you are planning to buy Shiba Inu coins, then you should buy from an exchange that is licensed by top regulatory bodies across the world.

Shiba Inu coin details on eToro

For the same reason, we recommend the top trading platform, eToro, for you. This crypto trading platform is licensed by the top UK regulatory authority, FCA (Financial Conduct Authority), and many other regulatory authorities across the globe.

Looking to buy Shiba Inu coins? You just have to follow some simple steps to get your favorite crypto:

Step 1: Register on the eToro platform

Go to the official site of eToro, and click on the “Join Now” button for navigating towards the signup page. Fill in all your necessary details, and make your account on the platform. You can also register through your Google or Facebook account.

Step 2: Complete the know-your-customer (KYC) process

Once you have made your account, you have to complete the mandatory KYC process by uploading your ID card. Your account will be verified quickly when you submit your identity proof for verification.

Step 3: Deposit money into your account

After completing the KYC process, you are required to deposit the minimum amount in your account to proceed with the transaction. Every region is having different minimum deposits on the eToro platform. You can make your deposit through any payment mechanism, like debit/credit card, PayPal, Sofort, bank transfer, etc.

Step 4: Buy SHIB

Once you have made the deposit, click on the Search bar to search for SHIB crypto tokens. On eToro the ticker is SHIBxM (Shiba Inu in millions) since one SHIB token is so cheap it makes more sense to buy, sell and trade SHIB in units of millions.

Then, click on the trade button, and enter the amount of Shiba Inu coins that you want to buy. Once you have entered the necessary details, click on the “Open Trade” button to complete the transaction. You’ll then own SHIB and can store it in the free Shiba Inu wallet eToro provides.

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Conclusion

As you know, there are many Shiba Inu wallets and general crypto wallets available in the market. While making your choice, you have to prioritize security and privacy over all other features of the Shiba wallets. Exchange wallets like eToro, Coinbase, and Binance have ensured that users’ cryptocurrencies and sensitive data remain secured through their advanced security systems.

On top of it, these wallets have attracted the users’ attention with their simple interface, fewer transaction fees, and additional features of staking cryptos, storing NFTs, blockchain games, etc. If you are planning to invest in Shiba Inu coins in the upcoming times, these wallets would come in handy over your investment period.

eToro is particularly appealing to UK traders as it’s regulated by British agency the Financial Conduct Authority (FCA) and is based in the United Kingdom, with an office in Canary Wharf, London. They are our top pick for opening a Shiba Inu coin wallet in the UK.

eToro - Our Recommended Crypto Wallet

Our Rating

• Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet
• Automatic Staking of ETH, ADA or TRX in your Wallet
• Regulated by FCA, ASIC and CySEC - 20 Million Users
• Unlosable Private Key - Secure eToro Recovery Service

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