Shiba Inu is the second largest meme token by market capitalization, and one of the most popular among investors. If you missed its epic performance in 2021, you still have a chance to get it.
However, it is important that you get the right wallet for holding it. There are several risks to crypto investments now, so you want to be sure that you’re holding your SHIB stash in a safe wallet.
Secondly, if you’re a newbie in the crypto space, you need to choose a wallet you can use and navigate easily. Doing this ensures that you don’t get confused and make avoidable mistakes that will cause you to lose your funds.
Whether you’re a trader or just an investor who wants to buy and hold SHIB and other crypto assets, the following are the best wallets you should consider using.
If you know about Binance, the largest crypto exchange by trading volume, you’ll know about Trust wallet, because the wallet belongs to the company. You can access SHIB, as well as millions of other assets on this wallet.
The wallet also supports several assets from over 50 blockchains. It supports web3 features such as non-fungible tokens (NFTs), allowing you to buy and trade them right within the wallet.
Trust wallet is also a non-custodial wallet, one you can use and control without any influence from outside. It supports top hardware wallets such as Ledger and Trezor, making it a software that you can also use to access hardware wallets.
Coinbase exchange has a wallet that you can use apart from the exchange itself. It is a non-custodial wallet that is independent of any control from Coinbase. If you’re a beginner, this wallet is ideal for you because it has a simple design that makes it easy to use.
The wallet exists mainly as a mobile app for Android and iOS devices, supporting hundreds of assets. It also exists as a browser extension, with two blockchains supported – Ethereum and Solana.
You can also buy and hold NFTs on the Coinbase wallet, as well as interact with other decentralized applications.
Exodus is both a desktop and a mobile wallet. The wallet is popularly known as the web3 wallet which supports several web3 features, including NFTs and decentralized applications. You can use it across devices, since it is available on both computers and mobile devices.
There are hundreds of supported assets from several blockchains, including SHIB, which is an Ethereum based token. You can swap the token with other crypto assets within the wallet as you wish.
The wallet has regular updates that ensure it remains at the highest level of security. You can set your password or PIN when creating it and also use recovery seed phrase to restore the wallet should anything go wrong.
We can’t talk about wallets without mentioning hardware wallets right? And Ledger wallets are among the best of them.
The thing about hardware wallets is that they provide cold storage for crypto assets, which is much needed since the crypto industry continues to be ravaged by criminals trying to steal your assets.
With a hardware wallet, your assets are completely offline most of the time, and you can only connect the wallet to the internet when you want to carry out a transaction.
Ledger wallets support thousands of assets across different blockchains, Ethereum and SHIB included of course.
Binance is the name of a renowned crypto exchange, but is also the name of a crypto wallet. The wallet is mainly a mobile wallet app for both Android and iOS devices. Whether you’re a pro or a beginner, this wallet is for you.
The Pro version is for experienced users while the Lite is for beginners. You can buy and sell crypto assets within the wallet using many methods, and also earn rewards on selected assets.
There are over 300 assets supported and Binance’s liquidity makes it the perfect place to trade tokens like SHIB.