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Best Shiba Inu wallets in the UK

Willing to invest in Shiba Inu coins, but got no idea regarding where to store them? Read ahead to know more about the Shiba Inu wallets in the UK that are best when it comes to security and convenience.
Shiba Inu wallet
Shiba Inu wallet

Shiba Inu price

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.

Contents [show]

    Best Shiba Inu wallets in the UK – Quick Guide

    • eToro Money Wallet – a user-friendly crypto wallet that supports SHIB coins and 120+ other cryptos
    • Binance Trust Wallet – a multi-crypto digital wallet designed to store cryptocurrencies safely
    • Coinbase Wallet – a popular exchange that protects your Shiba Inu coins with industry-leading security

    Where to Buy and Hold Shiba Inu in January 2022

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    Rating

    for £ 1000 you get
    51283234.7413SHIB
    What we like
    • Easiest to deposit
    • Most regulated
    • Copytrade winning investors
    Fees
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    Coin selection
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    Instant VerificationFor BeginnersWallet ServiceMobile App
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    Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
    for £1000 you get
    51283234.7413 SHIB

    68% of retail CFD accounts lose money.

    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.

    etoro shiba inu wallet

    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.

    Pros
    • Good customer support
    • Regulated by top global bodies
    • Unlosable private key – free recovery service
    Cons
    • Doesn’t support as many cryptos as Binance

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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.

    Binance trust wallet

    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.

    Pros
    • Home to many cryptocurrencies
    • Control over the private keys remains with the users
    • Store NFTs, and play blockchain games in one place
    Cons
    • Not regulated like eToro

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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.

    Coinbase wallet

    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.

    Pros
    • Backed by one of the most reputable crypto exchanges in the world
    • Has multi-signature access for all its users
    • User control is protected with two-factor authentication
    Cons
    • Not regulated like eToro
    • Customer support can be slow

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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.

    Compare UK Crypto Exchanges

    eToro
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    68% of retail CFD accounts lose money.

    Bybit
    Visit Site

    The price and value of any investment in digital asset products can fluctuate.

    Binance
    Visit Site

    As with any asset, the values of digital currencies may fluctuate significantly.

    KuCoin
    Visit Site

    The traded price of digital tokens can fluctuate greatly within a short period of time.

    Coinbase
    Visit Site

    The value of digital currencies can go up or down frequently.

    Bitfinex
    Visit Site

    Market prices for digital tokens can be volatile and highly unpredictable.

    Rating
    5.0
    4.5
    4.4
    4.3
    4.2
    4.1
    Mobile App Rating
    10/10
    9/10
    9/10
    8/10
    9/10
    8/10
    Mobile App
    Wallet
    Number of Coins
    1282236335011
    Trading Fees
    Spreads0.1%0.1%0.1%0.50%0.1%
    Deposit Fees
    N/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $50.0005 BTCN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCAN/AFCAN/AFCAN/A
    Min. Deposit
    $50N/A$10N/A$2$10
    Leveraged Trading
    N/A1 - 100x1 - 100x1 - 100xN/A1 - 10x
    Bitcoin
    £27509.11£27526.99£27933.71£27912.19£27923.55£27933.73
    Ethereum
    £1855.58£1822.35£1829.00£1827.24£1828.96£1828.39
    XRP
    £0.47N/A£0.45£0.17£0.23N/A
    Tether
    £0.75£0.75N/A£0.75£0.75N/A
    Litecoin
    £82.20N/A£80.68£80.65£80.69N/A
    Bitcoin Cash
    £222.87N/A£218.39£377.93£218.76N/A
    Chainlink
    £11.48N/A£11.47£11.43£11.46N/A
    Cardano
    £0.81N/A£0.78£0.78£0.78N/A
    IOTA
    £0.63£0.61£0.61N/A£0.61£0.61
    Binance Coin
    £298.12£291.21£290.99N/AN/AN/A
    Stellar
    £0.15N/A£0.15£0.14£0.15£0.06
    Bitcoin SV
    £67.60N/AN/A£136.20N/AN/A
    USD Coin
    £0.75N/AN/A£0.75N/AN/A
    EOS
    £1.72£1.68£1.68£1.64£1.68£1.67
    Monero
    £109.87£108.87N/AN/AN/AN/A
    Credit Card
    Giropay
    Neteller
    Paypal
    Sepa Transfer
    Skrill
    Sofort

    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 buy

    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

    eToro exchange
    • 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
    eToro exchange
    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

    FAQs

    Will Shiba Inu coin reach $1?

    Though Shiba Inu coins have seen massive growth in recent times, given most price predictions, it is unlikely SHIB will reach $1 in the next five years, if ever. Don't put all your eggs in one basket - also hold some Bitcoin and Ethereum.

    How to buy Shiba Inu coins?

    You can buy Shiba Inu coins from the eToro trading platform, where you just have to do these simple steps for buying these coins: Register on eToro, complete the KYC process, deposit the required funds, and then buy SHIB. That exchange also provides a Shiba Inu wallet.

    Where can I buy the Shiba Inu coin?

    You can buy Shiba Inu coins from the top crypto exchanges across the world, such as exchanges such as eToro, Bybit, Binance, and Coinbase.

    What is the Shiba Inu coin?

    Shiba Inu is a decentralized cryptocurrency created in August 2020 by an anonymous group under the pseudonym “Ryoshi.” This dog-themed crypto came into the headlines with the tweets from the popular billionaire, Elon Musk.

    Is the Shiba Inu coin a good investment?

    Given this crypto has recently delivered a huge ROI already to its investors, it is certainly popular and capable of pumping again. However it may need to consolidate and have a reaccumulation cycle first, which can take several years. It has already corrected 50%, however altcoins often correct 90% or more in bear cycles. The upcoming launch of ShibaSwap, possible listing on Robinhood, and Elon Musk’s love for this coin on Twitter could provide short-term pumps in 2022 - which could then sell off quickly as investors who bought the top dump their bags.

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    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

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    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

    eToro - UK Crypto Broker
    Visit eToro

    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

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