The best Shiba Inu wallets. Rating of popular crypto wallets for storing SHIB in the world

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Shiba Inu (SHIB) is a popular cryptocurrency that is an ERC-20 token on the Ethereum blockchain. The coin appeared in August 2022. It was created by an anonymous developer known as Ryoshi. The token is named after the Shiba Inu dog breed, which, by the way, is depicted on another “meme” cryptocurrency – DOGE. The coin has its own Woof Paper (a parody of the White Paper of many projects), which talks about the cryptocurrency’s mission - to create the best decentralized ecosystem on the planet.

Today, Shiba Inu's capitalization brings it closer to the 11th most popular cryptocurrency in the world. Since its inception, the value of SHIB has grown by more than 40 million percent, and its army of supporters numbers more than 580 thousand users. It’s not hard to guess – investing in Shiba Inu is profitable. Today we will tell you about how to store this cryptocurrency and which wallets to use.

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Types of SHIB wallets

You can use several types of wallets to store cryptocurrency:

• Paper Wallet
• Hardware
• Software
• Online wallets

Wallets are distinguished from each other by the way they store private keys and the cryptocurrency itself. For example, private keys can be stored on the user's device (custodial wallets) or on a server (non-custodial wallets), and cryptocurrency can be stored without an Internet connection (cold wallets) or with a connection (hot wallets).

Now let's look at each type of wallet in more detail.

Paper wallets (non-custodial, cold) are sheets of paper on which private keys (or mnemonic phrases) and public addresses are printed. Using a special service, you generate your wallet address and a private key to it, and then print them out on paper - and you can transfer cryptocurrency to this address and store it. The private key and public address can be applied to any other item (for example, a metal plate) - this will also be considered a Paper Wallet.

Paper vaults are considered the most reliable type of wallet. However, we don't recommend using them - they're great for receiving cryptocurrency, but not for sending it. To send coins to another user, you will have to convert your paper wallet to any hot wallet (such as a software wallet) by importing the private key.

If you are looking for the most secure storage for SHIB coins, use hardware wallets (non-custodial, cold) - special devices for storing cryptocurrency. In them, private keys are stored in an isolated environment, and to send coins, you just need to connect the hardware wallet to your computer or smartphone (the private keys will not leave the device). Such wallets may externally resemble ordinary flash drives or key fobs. The main disadvantage is the cost. The price of devices can reach 10+ thousand rubles.

Software wallets (non-custodial, hot) are programs and applications for storing cryptocurrency on a computer or smartphone. Depending on the device, they come in 3 types:

• Mobile
• Desktop
• Cross-platform

Mobile wallets are usually suitable for smartphones on Android and iOS, desktop wallets are suitable for computers on Windows, MacOS and Linux, and cross-platform wallets are suitable for all of the above platforms.

Private keys in software wallets are stored in the device's memory, but the wallet itself is constantly connected to the network, which makes it less secure than hardware storage. On the other hand, software wallets are free - this is a kind of balance between convenience, security and profit.

Finally, online wallets (custodial, hot) are web services for storing cryptocurrency. For the average user, they are almost no different from regular electronic wallets (for example, WebMoney): you register, receive an address, and can accept/send transfers. Online wallets are considered the most unreliable: private keys are stored not with you, but on the servers of web services. Accordingly, they can be accessed by service employees, intruders (hackers), etc.

Development prospects

Let's try to make a forecast for the SHIBA INU project for the near future and dream about more distant prospects. You don’t have to be a soothsayer to say that as long as the market is in an uptrend, the price of the coin will rise. But when the period of global correction comes, the state of affairs will depend on the community and large investors.

As long as the whales keep the coins in their wallets and the number of addresses grows, your investment is safe. However, this can be said about almost any blockchain project. The portal cryptonew.ru published an optimistic forecast for 2025, according to which 1 SHIB will be $0.01 by that time, and then it will rise in price even up to five cents. Believing this or not is a personal matter for everyone. When investing in cryptocurrency, do not forget about risk diversification.

Ledger Nano X

A hardware wallet produced by the French company Ledger since 2019. The Nano X model replaced the Nano S model, which became the leader in sales worldwide (more than 1.3 million wallets). Ledger hardware wallets support storing ERC-20 tokens, so you can store SHIB in them.

The Ledger Nano X wallet is a small device that resembles a regular flash drive. Its dimensions:

• Length – 72 mm
• Width – 18.6 mm
• Thickness – 11.75 mm
• Weight – 34 g

The wallet body is made of plastic and brushed stainless steel and consists of the storage itself and a protective cap. It contains control buttons with which you can confirm operations, and a small (dimensions - 128x54 px) display. There is also a USB Type-C connector on the case, which allows you to connect the wallet to a computer. The storage is powered by a lithium-ion battery (capacity – 100 mAh), the battery life reaches 8 hours.

To send cryptocurrencies, you need to connect your wallet to your computer (Windows 8+, MacOS 10.8+ or Linux) or smartphone (Android 7+ or iOS 9+) and use the Ledger Live application.

The kit includes:

• Hardware wallet
• USB-A to USB Type-C cable
• Booklet
• 3 recovery sheets
• Keychain strap

The cost of the wallet (on the official website) is 10,699 rubles (excluding VAT and duties).

Why the SHIB rally may not resume?

As we can see, the main factors for the growth of the SHIB price are speculative: hype, community growth, as well as the development of the ecosystem - the launch of DEX and NFT. But this may not be enough, and the value of the token may collapse if the team does not continue to develop the project. The asset has already fallen in price several times in May and September. The token has now lost 50% of its all-time high at the end of October and continues to decline.

SHIB still has very limited functionality - conducting transactions. According to Cryptwerk, SHIB accepts only a hundred small companies specializing mainly in cryptocurrencies. Therefore, now the SHIB price is mainly driven by hype, FOMO and an active community. On average, investors hold a token for about 12–13 days. For comparison, for most popular digital currencies this period ranges from 30 to 90 days.

Among the risks that could trigger a sharp drop in the price of SHIB are holders of wallets with trillions of tokens. Many of these wallets remain untouched, but if their holders want to take profits, the market will collapse.

The hype around SHIB may continue for a long time. The token still has positive news stories in store: for example, the same listing on Robinhood or Musk’s next tweet. At the same time, SHIB is too heavily capitalized for it to become worthless. And the experience of Dogecoin suggests that this is unlikely to happen. The coin was predicted to fall to zero since its launch, but instead the project is alive, and its price is rising in the long term.

Shiba Inu is likely to be with us for a long time - the only question is how much the token will cost. We will probably constantly see pump cycles followed by deep corrections.

But it’s difficult to hope for multiple growth. SHIB’s capitalization is already $26 billion, and at its peak value it exceeded $41 billion. It is still difficult to imagine that a project that does not even have smart contracts will cost more than the more valuable Cardano or Solana. But in the crypto market anything is possible. After all, as SHIB's uses increase, its price may also increase.

Trezor Model T

A hardware wallet produced by the Czech company Trezor since 2018. Model T became the replacement for Model One, the very first crypto hardware wallet in the world. Trezor wallets also support ERC-20 tokens, so they can be used to work with SHIB coins.

The Trezor Model T wallet is a small device that resembles a keychain. Its dimensions:

• Length – 64 mm
• Width – 39 mm
• Thickness – 10 mm
• Weight – 22 g

The wallet body is made of plastic. It houses a touch LCD display (dimensions – 240x24 px), a slot for a micro-SD card and a USB Type-C connector. Inside the wallet is a 144Hz ERM (Cortex-M4) processor running on a custom Trezor Core system. To send cryptocurrencies, you can connect your wallet to your computer (Windows 10+, MacOS 10.11+ or Linux) or smartphone (Android).

The kit includes:

• Hardware wallet
• USB-A to USB Type-C cable
• Magnetic wallet storage dock
• 2 recovery cards
• Branded stickers

The cost of the wallet (on the official website) is 164 euros.

No miracle happened

Despite loud claims of decentralization, limiting the acquisition of SHIB has not been so easy. This would contradict another idea of ​​the project - the free distribution of the coin and its availability to everyone. As a result, it quickly became clear that only three wallets held 60.5% of the total number of coins in the account. The leader in the number of available coins was who you think:

a) Elon Musk;

b) Satoshi Nakamoto;

c) Vitalik Buterin;

d) Craig Wright.

Congratulations to those who chose option “c”, because it was one of the Ethereum authors who turned out to be the largest Shiba Inu hodler. There are 505 trillion coins in his wallet, that is, more than 50% of the quadrillion tokens envisaged by the creators. Thus, Buterin became not only the youngest crypto billionaire in Ethereum, but also the richest among SHIB holders. At the exchange rate as of May 12, 2021, he owned $13 billion in equivalent.

At the same time, the coins of the “whale”-Buterin are not taken into account when calculating the number of coins in circulation. That is, only 394 trillion coins are officially in circulation. The creators claim that in this way they “burned” part of the coins. It is not entirely clear, however, what interest Vitalik has in this now. Maybe the praises sung by the creators of SHIB played a role, calling the ERC-20 protocol a “secure and well-established network,” choosing it as the basis for their network. Or maybe this is insurance for the future.

Trust Wallet

Mobile wallet supporting over 53 blockchains and 160 thousand assets. The wallet allows you to store, accept and send SHIB tokens to other users from a smartphone on Android or iOS. The application can be downloaded for free from Google Play and the App Store or in APK file format from the official repository website. There is no desktop version for computers.

To work with the Shiba Inu cryptocurrency, just download the application, install it on your smartphone and create a new wallet. In the bottom menu of the application you will see 4 sections:

• Wallet. The main section for working with the wallet. Here you will see all the coins stored on your smartphone, you can copy the address to receive transfers, send cryptocurrency to other users, etc.
• DApps. Here is a browser for working with decentralized applications, which can be interacted with directly from the wallet.
• Swap. Built-in exchange service that allows you to buy and sell cryptocurrency. Unlike most platforms, you can do this completely anonymously - the application does not require registration or verification.
• Settings. Wallet settings.

You can also track prices and view charts, staking cryptocurrencies, etc. in one application.

Where can I buy SHIB?

SHIB can be purchased on exchanges such as:

• Coinbase
• Binance
• Huobi Global
• OKEx

The coin is also traded on decentralized exchanges (DEX) such as Uniswap, 1inch and 0x. On Coinbase you can buy SHIB directly with USD; other exchanges offer trading pairs with Tether (USDT), Binance USD (BUSD), or Wrapped Ethereum (WETH).

SHIB's price surged in May 2022, shortly after Binance listed it on the exchange following apparently huge demand from users.

At the same time, Binance CEO Changpeng “CZ” Zhao tweeted that the exchange “ran out of ETH escrow addresses today due to SHIB” and that “this has never happened before with any other ERC20 coin.” However, he also warned that he "doesn't condone this" and considers it a "super high risk."

MetaMask

Mobile wallet that supports Ethereum and other ETH-based tokens - for example, ERC-20, ERC-721, etc., including Shiba Inu. The storage is presented in the format of a mobile application for Android and iOS and an extension for Chrome, Firefox, Brave and Edge browsers. MetaMask wallet (in plugin format) supports Ledger and Trezor hardware wallets. There is no desktop version for computers.

To work with the SHIB token, you need to install the extension in your browser or download the application to your smartphone, and then create a wallet. When creating a vault, you must write down and save the secret phrase used to recover the wallet. Inside the storage you will find an address to which you can send tokens, as well as functionality for making transfers to other users.

Additional features of the wallet include coin exchange (service commission ranges from 0.3% to 0.875% per transaction).

Description

Dogecoin may be the leader of the crypto memes, but Shiba Inu (SHIB) is hot on its heels. Learn about this fast-growing Ethereum-based token.

Dogecoin (DOGE) was the original meme coin, but since it rose to prominence, a number of competing dog-themed cryptocurrencies have emerged as contenders for its crown, including Doge Cash, Akita Inu, and Dogelon Mars.

Leading the pack is Shiba Inu (SHIB), which burst onto the scene in 2022, vying for position with Dogecoin as the leader.

Since its inception in August 2022, SHIB has risen in rankings from a low of $0.000000000056 in November 2022 to an all-time high of $0.00008616 in October 2022—an increase of more than 150 million percent.

. It's a wild ride for a coin that seemingly came out of nowhere.

Atomic Wallet

Cross-platform wallet supporting over 300 tokens. You can use the wallet in the format of a desktop application for Windows, MacOS and Linux (versions available for Ubuntu, Debian and Fedora), as well as a mobile application for Android and iOS. The mobile version can be downloaded from Google Play and the App Store, versions for computers and an APK file for Android can be downloaded from the official website of the wallet.

When creating a wallet, you generate a private key and a Seed phrase (it is recommended to write it down and save it separately - it is necessary to restore access to the wallet), which will be stored in the memory of the device used as storage. Inside the wallet you will find the address for receiving transfers, as well as the necessary functionality for sending coins.

Additional features of Atomic Wallet include:

• Instant exchange with cashback – more than 60 pairs supported.
• Buying cryptocurrency with a bank card.
• Cryptocurrency staking.

The service does not adhere to the KYC policy and does not collect any data about its clients. You can use your wallet anonymously, no one will ever block your funds.

Investing in SHIB and other meme tokens is a game of hot chairs

Investing in meme tokens is like a game of hot chairs - as long as the music is playing, everything is fine, but when it ends, someone is bound to lose. Those who entered at the minimum can hit the jackpot. Those who bought the token at the maximum will lose money. If you're willing to play these games, spread your money among many projects and only invest what you're actually willing to lose.

SHIB started out as a joke and hype, but now its developers are trying to go further. They are working to develop the ecosystem and build a decentralized community around the project. If they succeed, the price of the token will be supported not only by hype, but also by intrinsic value.

Despite all the risks of investing in SHIB and other meme tokens, this sector of the crypto market is likely to grow - users are willing to take risks. Currently, the capitalization of all meme tokens is $57.8 billion.

Alex Kontsov believes that it is not yet possible to say that this bubble will burst in the near future. The price of the coin may also skyrocket in the near future. For now, only a general collapse on cryptocurrency exchanges can provoke a fall. It is beneficial for the creators and main investors to develop this meme currency further, which is what they are successfully doing.

Whether it is worth investing in this currency now - each investor must decide for himself, being aware of all the possible risks. Many people understand that the token is a bubble, but this does not prevent them from making good money on the volatility of the coin, the expert concluded.

Coinbase Wallet

Mobile crypto wallet owned by the Coinbase exchange. Supports over 500 cryptocurrencies and NFT tokens (collectibles). The storage is available in the format of a mobile application for Android and iOS, as well as an extension for the Chrome browser.

When creating a wallet, you generate private keys that are stored in the device's memory. They are protected with Secure Enclave, biometric authentication and optional cloud backups. You do not need an account on the Coinbase cryptocurrency exchange to use the wallet.

The Coinbase Wallet allows you to store, accept, and send SHIB and many other tokens. You can also trade assets on DEX and make money from cryptocurrency.

Dogecoin is ready to take on Shib

At the same time, Dogecoin is not going to give up its positions and is ready to fight with its “brother”. Note that over the past year, the DOGE rate has increased, according to CoinGecko data, by an impressive 24,610%. Meanwhile, back in January, the coin rate remained close to the zero mark. In February, the price exceeded $0.05, and in April it staged a rally, rising eightfold to $0.40 and only then retreating.

Recently, Dogecoin fans crashed the Indian cryptocurrency exchange, making a record number of transactions in a short period of time. The incident occurred with the WazirX platform, which suffered from an invasion of dog walkers.

“On May 4, one of our systems responsible for tracking traffic mistakenly assessed the increase in traffic, identifying it as a threat, and began blocking applications. As a result, this error led to periodic failures when users tried to connect to the application ,” explained Nishal Shetty, founder and CEO of the WazirX cryptocurrency exchange.

At the time of writing, DOGE is trading at $0.48. The coin partially recovered the losses incurred on Sunday, May 9. News that SpaceX has entered into a partnership with Dogecoin developers helped the coin recover from $0.43. The launch of the new cube satellite will be fully paid for by Doge.

Binance

Online wallet of the largest cryptocurrency exchange in the world. The Binance exchange allows you to work with more than 700 cryptocurrency assets - you can not only store them, but also trade, earn money from staking, mining, and much more.

To create a wallet on the exchange, you need to register and pass verification - this will allow you to buy cryptocurrency for fiat money, and will also increase withdrawal limits. After this, you will be able to buy, store and sell cryptocurrency, accept and send transfers, and so on.

For convenience, you can download and install applications for computers (Windows, MacOS and Linux) and smartphones (Android and iOS). Please note - these are not software wallets! Private keys will be stored on Binance servers and not in the device memory.

The Binance wallet allows you to store SHIB in your account, trade the token on the exchange and earn money by staking it. You can purchase a coin directly on the exchange, or also buy it using a bank card.

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Secrets of growth and earnings on Shiba Inu in 2022

Shiba Inu is a token on Ethereum that is currently growing in popularity. It is included in the list of so-called “meme coins” that are actively appearing on the market. Why the choice fell on the Ethereum blockchain, the founder answers that it has proven itself well, being truly centralized and secure.

Basically, meme coins sneer at the standards that are established in the cryptocurrency market, go beyond the template norms, but at the same time use all the advantages and tools of the established crypto market. The coin was launched in August 2020 as a competitor to Dogecoin. Shiba Inu also released a series of non-financial tokens called “shiboshi”, they are written on the Ethereum blockchain. And again, all with the same familiar style, they depict Shiba Inu in festive hats and with laser eyes.

The creators of Shiba Inu claim that its main goal is to surpass the Dogecoin cryptocurrency in capitalization. The coin reached its historical maximum on October 24, rising in price to $0.00003940, and just three days later the price shot up again and reached $0.000058, and on October 28, the top price formed at $0.000088. The capitalization of this token exceeded $42.3 billion. The growth over the month is more than 1000%, which gave it the opportunity to rise to 10th place in the ranking of large cryptocurrencies. On the Binance crypto exchange, at a certain point, the trading volume of SHIB futures contracts exceeded the volume of BTC contracts. Some investors have already managed to receive considerable income by purchasing a coin on time at the most favorable moment. It is worth noting that Shiba Inu does not have a limited number of coins, like BTC, which is limited to 21 million.

Ben Kazelin, head of the research and strategy department of the AAH crypto exchange, notes that the hype around meme coins such as SHIB is a social phenomenon, not a financial one. One cannot but agree with this, because there are no fundamental reasons for the increase in the price of these tokens. But also the influence of society , makes itself felt. The excitement about a coin can arise due to unpredictable factors, for example after its mention or after a tweet from a media person. On Twitter, within 24 hours, information about this meme coin was tweeted about a million times, becoming the most popular topic during this period.

The reasons that affect the growth of Shiba Inu include the following:

• Listing of the coin on popular cryptocurrency exchanges;
• Massive purchases by large investors;
• SHIB combustion program;
• Well-thought-out marketing and a large number of fans on social networks;
• Increased interest due to the volatility of the coin and the possibility of “quick” earnings.

Meme coins attract more attention among people, as well as the media, and demand begins to grow, which acts as a catalyst for price growth. The popularity of meme assets is growing among people who perceive the coin as something new and interesting. Most people are bored with template coins, and everything that goes beyond the template framework and evokes new emotions will always have support among users. The increase in interest in Shiba Inu lies in the fact that traders want to work actively, take more risks, feel excitement and earn money faster; it is the rate swing that attracts attention. When there is stagnation in the market for pinned coins, the feeling of playing disappears, volatility becomes less and the possibility of “quick” income is reduced to a minimum.

Listing a coin on crypto exchanges has a positive effect on its rate. Currently the coin is traded on ShibaSwap, FTX, Binance, Crypto. com, Probit Global, Huobi, etc. It became known that on November 4, the Betconix cryptocurrency exchange will place the Shiba Inu token.

The listing will be carried out through direct user voting on the Betconix Launchpad platform. Trading is scheduled to open on November 8 in USDT/SHIBA pairs; information on trading pairs with BNIX, BTC, ETH, USD and other tokens will be known later.

What will happen to the price of Shiba Coin

In fact, 50% of tokens are backed only by V. Buterin’s word of honor. As they say, when you want to burn tokens, you send them to the address 0x00000000000000000000000000000000000000001. The ban on the sale of coins by Buterin can be circumvented, at a minimum, by sending them to third-party addresses and selling them on the exchange through them. SHIB's market capitalization is close to $11 billion and, if necessary, draining in small quantities will not be noticed by anyone. The Internet has already begun to compare Shiba Inu and other “Dogecoins” with the Crypto Kitties of 2022. And although the idea of ​​hype and increasing wealth on high-profile coins of recent months seems very attractive, analysts are still more cautious in their assessments.

DOGE, SHIB and other rapidly growing coins without any particular reason are compared to SafeMoon, which caused a stir in April. Yes, 10% manage to make money, but 90% are most likely to lose it during various kinds of weakly predictable “rallies”. C. Zhao, chief executive of Binance, sees this as typical of a bull market, with short-term earnings trumping other trading scenarios. In addition, the growth of such coins is still very dependent on news and mentions by famous people. On May 7, just before the price of SHIB soared, I. Musk wrote on Twitter that he was looking for a Shiba Inu dog. After that, the asset grew by 70%.

The lucky ones invested in SHIB much earlier. So, back on August 7, 2022, literally a few days after the announcement of the coin, an anonymous person invested as much as 10 ETH in SHIB. Now this move has brought him more than 500 million US dollars. At that time, ether cost 379 USD, which allowed the user to purchase 15.3 trillion SHIB. Another user, according to The Block researchers, purchased SHIB in August-October on Uniswap. For 37.65 ETH, he bought a total of 70 trillion Shiba Inu. Now it's over $2.4 billion.

However, we repeat, all these examples of successful investments were made at the start of the project, when almost no one knew about it. Attempts to do something similar now, namely to empty the wallet with SHIB, will cause a major collapse and depreciation of the coin with its return to the rate of September 2022. Any assets of this kind are even more volatile than leaders like BTC or ETH, and react more sharply to the desire to sell them all and earn those same hundreds of millions and billions of dollars, the equivalent of which they are at the moment. Therefore, we can only talk about small and rare sales, but, according to tradition, it was necessary to enter the project in the fall of 2022, and not at all in the summer of 2022. UPD! By the evening of May 12, it became known that Buterin had invested over SHIB 50 trillion in the Indian fund to combat COVID-19. This is more than 1 billion US dollars in equivalent. As a result, Shiba Inu sharply declined, losing more than 30% of its value by the morning of May 13, and the associated KUMA collapsed by 100%. He also made several more large donations, causing the fall of many altcoins.