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 2024.
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.
Cryptoassets are highly volatile and past performance isn’t an indicator of future success. Invest at your own risk.
[table_of_content]Best Shiba Inu wallets in the UK – Quick Guide
- Best Wallet – a recently launched crypto wallet with gaining massive popularity
- eToro Money Wallet – a crypto wallet that supports SHIB coins and 120+ other cryptos
- OKX Wallet – a simple-to-use to with host of features
- Bybit Wallet – beginner-friendly way to store crypto and interact with Web 3
- 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 May 2024
Bitcoin
4 Providers that match your filters
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Features
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- Most regulated
- Free demo account available
- Copytrade winning investors
Don’t invest unless you’re prepared to lose all the money you invest.
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- Maker rebate on limit orders
- DeFi mining
- Margin and spot trading
The price and value of any investment in digital asset products can fluctuate.
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- Most altcoins supported
- 75+ staking coins
- Low maker / taker fees
As with any asset, the values of digital currencies may fluctuate significantly.
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- Most registered users
- Free $10 when you buy $100
- Coinbase Earn - Free Crypto
The value of digital currencies can go up or down frequently.
Some of the best places to buy Shiba Inu also offer their users a free Shiba Inu coin wallet – the major, long-established cryptocurrency exchanges. That’s eToro, Binance and Coinbase. Alternatively, there are options like Best Wallet, which we shall see now in the complete reviews.
Best UK Shiba Inu Wallets – Full Reviews
Here are our full reviews of the 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 wallets based on their best security systems, fee structure, and other important factors.
1. Best Wallet
The Best Wallet lives up to its name, particularly for Shiba Inu investors in the UK. It stands out for its multi-chain support, granting access to a wide range of decentralized applications, including staking protocols and yield farming. This sets it apart from typical wallets. Alongside these features, the wallet provides valuable market insights, token sentiments, and essential industry updates. Additionally, it’s set to introduce a portfolio management feature, allowing users to track their profit and loss data in real-time.
For active members of the Shiba Inu community, the Best DEX within the wallet is a vital tool. This high-liquidity pool streamlines trading seamlessly. Users can also accumulate points through transactions, potentially making them eligible for the highly sought-after BEST token airdrop—a key aspect of the wallet. Beyond its efficiency, the Best DEX cultivates a sense of community among traders.
The Best Wallet doesn’t just offer functionality; it also prioritizes user-friendliness and security. This combination of accessibility and stringent security measures makes it an excellent choice for Shiba Inu enthusiasts in the UK. It essentially overcomes the primary role of a basic storage solution, emerging as a comprehensive ecosystem designed to enhance and simplify Shiba Inu investing for UK-based investors.
- Wide variety of supported crypto
- Multi-chain support
- Has an upcoming airdrop opportunity
- Portfolio management available
- Still in its early phase
Don’t invest unless you’re prepared to lose all the money you invest.
2. eToro Money Wallet
eToro 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 available on mobile platforms via the Play Store on Android devices and the App Store on iOS devices.
Along with these services, you can use cryptocurrency staking. Here, you can stake some crypto assets like Tron and Cardano.
For all these reasons, eToro comes out as the perfect pick for any investor if he wants to keep his Shiba Inu coins safe.
- Good customer support
- Unlosable private key – free recovery service
- Doesn’t support as many cryptos as Binance
Don’t invest unless you’re prepared to lose all the money you invest.
3. OKX Wallet
The OKX Wallet is a popular cryptocurrency exchange that allows buying and selling of popular cryptocurrencies such as Ethereum, Dogecoin, Bitcoin, Shiba Inu, and many more. Not only this, the platform offers lucrative APY earnings on many of its crypto staking. For example, SHIB staking for a fixed term provides an estimated 5% of APY.
OKX was founded in Seychelles in 2017, and today, it is running its operations across the globe. As per CoinMarketcap data, OKX currently ranks the 6th biggest cryptocurrency exchange in the world. The platform aims to build the next-generation financial ecosystem and uses blockchain technology to achieve the same. One factor which differentiates OKX from its counterparts is its two modes- centralized and decentralized.
On OKX, traders can trade on derivative markets, spot trading, and margin trading. Users can earn rewards on OKX in three ways- Simple Earn, Structured Products, and On-chain Earn. More information on this is available on the website in detail. OKX also boasts of an NFT marketplace, crypto-collateralized loans, and trading bots.
- Accepts Fiat payments
- NFT marketplace
- Derivative markets, Spot, and Margin trading
- Offers both DEX and CEX
- Earning programs
- Not in operation in the USA
Your capital is at risk
4. Bybit Wallet
The most important feature of any cryptocurrency exchange is its Web3 wallet. The digital wallet provides many interesting features which can either make or break an exchange. In the case of Bybit, its web3 wallet is advancing its cause in the crypto world.
Bybit provides a reliable and trusted wallet to buy and sell cryptocurrencies like Shiba Inu, Dogecoin, and Ripple. It also offers high staking rewards for many of the cryptocurrencies. For example, for flexible Shiba Inu staking, the platform offers a 1.5% APR.
The Bybit crypto exchange is well sought by both novice and experienced traders. This is because of its user-friendly guides and resources which are available on its website and consist of graphs, published articles etc which show the current market status. On the other hand, it allows users to trade on both spot trading and margin trading which makes it well-suited for trained traders.
In addition to this, bybit has low trading fees, an NFT marketplace to sell and buy NFTs, trading bots, a fee structure for its VIP members, copy trading options, crypto loans, Bybit Cards etc.
- Global presence
- Low fee structure
- NFT marketplace
- Spot and Margin trading
- Earning programs
- Web3 Wallet
- Does not cater to people in the USA
Your capital is at risk
5. 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.
- Home to many cryptocurrencies
- Control over the private keys remains with the users
- Store NFTs, and play blockchain games in one place
- Not regulated
Your capital is at risk
6. 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.
- 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
- Not regulated
- Customer support can be slow
Your capital is at risk
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 Best Wallet or 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. Best Wallet, 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.
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
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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 Coinbase 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. Do remember that the more decentralized and safe option can often be to use a DEX, such as the Best Wallet’s Best DEX.
Shiba Inu coin details on eToro
When it comes to exchange however, we recommend the top trading platform, eToro, for you.
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 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.
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).
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 Shiba Inu wallet eToro provides.
Don’t invest unless you’re prepared to lose all the money you invest.
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 and software wallets like Best Wallet 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 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 will come in handy over your investment period.
Our top pick for opening a Shiba Inu coin wallet in the UK is Best Wallet, which is the most recently launched option among the wallets mentioned above.
Best Wallet - Manage Your Crypto
- Access DeFi and Web3 Dapps Across Multiple Chains
- Comes With Your Own OpenAI Powered Chat Bot Assistant
- Compatible With iOS & Android
- Get Early Access to Upcoming Token Launches & ICOs
- Store Crypto And NFTs With Industry Leading Security
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 software wallets like Best Wallet, or the eToro trading platform, where you have to do these 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 or via DEXs like the Best DEX, which belongs to Best Wallet.
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.
