Memecoins have exploded into the crypto scene in the past year and Shiba Inu has also become a mainstay among several crypto investors. Given this, several investors are on the lookout for the best Shiba Inu wallet UK to store their meme tokens safely.
If you are one of those, then this guide will go a long way in addressing this need. We will cover some of the best Shiba Inu coin wallets, their relevant fees and also the number of supported cryptos you can store on them.
Best Shiba Inu Wallets UK List
While there are several wallet solutions out there, we have zoomed in on the top Shiba Inu wallets you can use in storing your funds. Our top picks are based on fees, mobile experience, supported cryptos, tools, and security.
- eToro Money Wallet – Overall Best Shiba Inu wallet app
- ByBit – Most anonymous Shiba Inu coin wallet
- Coinbase – Best Shiba Inu wallet for newbies
- Binance – Widest Shiba Inu coin audience
- Kraken – Most Secure Shiba Inu wallet
- Gemini – Best Shiba Inu coin wallet for all class users
- CryptoRocket – Best wallet for trading Shiba Inu coin
- Changelly – Fastest Shiba Inu wallet for transactions
- Trust Wallet – Most intuitive Shiba Inu wallet
- FTX – Best Tracking wallet for Shiba Inu coin
The Best Shiba Inu Wallets UK Reviewed
Now let’s take a more detailed look at the top Shiba Inu wallets available to UK crypto investors.
1. eToro – Overall Best Shiba Inu wallet
eToro is a social crypto trading platform that offers easy access to innovative investment tools such as the wallet service. The wallet service allows millions of users to store, hold and transact with any currency supported on the platform.
The eToro wallet, a subsection of eToroX Limited services, is licensed by the Guernsey Financial Services Commission (GFSC), so it’s extremely secure.
The eToro wallet is regarded as the overall best Shiba Inu wallet UK. It offers users access to store, hold, convert and trade over 120 crypto assets at competitively low fees.
The platform does not charge users for receiving or sending transactions; however, blockchain fees can apply. This makes it a very affordable option for investing in Shiba Inu.
The sending transaction limit on the eToro wallet is between $50,000 (37,258 GBP) to $200,000 (149,027 GBP). The platform charges users 0.1% for conversion fees and crypto-to-crypto conversion limits are between $20 (14.90 GBP) to $10,000 (7,451 GBP).
The wallet allows users to transfer crypto to the investment app but charges a small capped fee of 0.5%. The fee is typically within the range of $1 (0.74 GBP) to $50 (37.25 GBP).
eToro wallet users can use credit/debit cards, PayPal, Neteller, Skrill and Rapid transfer to make deposits.
In addition, the eToro crypto wallet comes with a private key recovery service for users who may lose access to their private keys.
- High transaction limits
- Secure and regulated
- Offers private key recovery services
- High transfer fees
68% of retail investor accounts lose money when trading CFDs with this provider.
2. Bybit – Most Anonymous Shiba coin wallet
Bybit is one of the best crypto exchanges UK that provides professional and innovative trading experiences for retail and institutional clients.
This platform is the best Shiba Inu coin wallet with no ID because it is centred on anonymity, so users do not need to provide any Know-Your-Customer (KYC) information. The system creates a fair and transparent environment for traders.
The Bybit wallet allows users to store, hold and trade over 112 crypto assets, including Bitcoin, Ethereum and Shiba Inu coin. Making transactions on the platform is affordable as deposits come at zero charges.
Withdrawals fees, otherwise known as miner or network fees, vary for each cryptocurrency. Trading on the ByBit platform involves two parties; makers and takers. The makers place orders before a trade is made, and takers place trades that match the maker’s order.
Makers are paid -0.025% in rebate when trading perpetual contracts, but takers pay 0.075% for each order. When making spot trades, makers are not charged, whereas takers pay 0.10% fees.
When making payments to the wallet, Visa/Mastercard debit/credit cards and cash deposits are the only valid payment methods.
- Available educational resources
- Wide range of crypto assets storage support
- Not regulated
Cryptoassets are highly volatile unregulated investment products. No EU investor protection.
3. Coinbase – Best Shiba Inu wallet for Newbies
Coinbase is a dedicated secure buying, storage and holding platform for cryptocurrencies. Founded in 2012 by Brian Armstrong, the platform aims to provide an easy-to-use platform for novices in the crypto space.
The Coinbase wallet is registered as a Money Services Business and is regulated by the Financial Crimes Enforcement Network (FinCEN). The E-Money Services is also regulated by the UK’s Financial Conduct Authority (FCA).
Coinbase is regarded as one of the best Shiba Inu wallet apps for newbies as the platform has a user-friendly interface that enables new crypto enthusiasts to onboard and understand the basic features of a typical crypto wallet. The platform offers a wide range of asset offerings of over 100 cryptocurrencies and 81 crypto trading pairs.
Fees on the platform are affordable as minimum deposits are at $2 (1.5 GBP). Coinbase may charge fees when users buy, sell, or concert crypto assets; however, these fees are calculated when the order is placed and are determined by several factors such as the payment method, order size, and market liquidity.
The platform allows users to make transactions via wire transfer, debit cards, PayPal, Apple Pay and Google Pay.
4. Binance – Widest Shiba coin audience
Binance is a crypto exchange platform geared at increasing global economic freedom by providing users with an ecosystem of financial investment services. The platform was founded in 2017 by Changpeng Zhao.
Although Binance is unregulated, the exchange provides security to users by guarding their portfolios through address whitelisting and device restrictions.
Binance is regarded as one of the best Shiba Inu coin wallets because it allows the interaction of the meme coin with over 500 crypto assets listed on the platform. This diverse asset portfolio allows users to convert, trade, buy or sell several cryptocurrencies, exposing them to a wider market.
The Binance platform does not charge deposit or conversion fees, but for deposits made with credit/debit cards, users pay 3% to 4% in fees depending on the asset. A flat fee is required for each withdrawal to cover transactions moving out of the account and are determined by the blockchain network.
Making deposits on the platform requires payment methods such as bank transfers, debit/credit cards and Simplex.
5. Kraken – Most Secure Shiba Inu wallet
Kraken is a crypto exchange platform that accommodates novice and expert crypto enthusiasts through the user-friendly interface that facilitates onboarding.
The Kraken platform is considered the most secure Shiba Inu coin wallet, with a team of world-class security experts perfecting its security measures.
The platform is registered as a Money Services Business and is regulated by the Financial Crimes Enforcement Network (FinCEN) and the Financial Transactions and Report Analysis Centre (FinTRAC).
Kraken offers users over 90 crypto assets to buy, sell, convert and hold. Kraken does not charge users for crypto deposits, but withdrawals vary depending on the crypto asset.
The Kraken platform has selective payment methods and only accepts bank transfers, SWIFT, SEPA and ACH. Users can only deposit using debit cards that support 3D Secure Version (3DSv1).
Customer service response times
Best Shiba Inu Wallets Comparison
|eToro||Deposits and withdrawals are free; however blockchain fees apply.||Over 120||Regulated|
|ByBit||Deposits are free and withdrawals vary for each cryptocurrency||112||Not Regulated|
|Coinbase||Deposits are at zero charge and withdrawals vary with the cryptocurrency||Over 100||Regulated|
|Binance||Deposits are typically free but bank transfer deposits are at 3% to 4%; conversions are free. Blockchain fees apply when making withdrawals||Over 500||Not Regulated|
|Kraken||Deposits are free and withdrawals are charged based on the crypto asset.||95||Regulated|
How do Shiba Inu Wallets Work?
Shiba Inu wallets are digital storage devices for storing Shiba Inu coins and other cryptocurrencies.
Shiba Inu coin wallets safely store crypto assets using a public and private key. The public key is used to receive funds into the wallets, and it also appears on the blockchain where all transactions for that cryptocurrency is recorded.
The private key is used to access the digital asset in the wallet and to authorize transactions on the wallet.
Types of Shiba Inu Wallets
Crypto wallets are picking up steam as growing adoption continues in the crypto space. Most Bitcoin exchanges and brokers now offer digital storage services as well as allowing users to buy cryptocurrencies. However, the following are some of the types of crypto wallets.
1. Shiba Inu Software Wallets
Shiba Inu software wallets are specific software on a mobile or desktop device that securely stores Shiba Inu coins and other crypto assets.
With the Shiba Inu wallet app, users can view their crypto holdings, send and receive crypto assets all from their devices. The Shiba Inu software wallet supports devices like Windows, iOS, Linux, and others.
Setting up a software wallet is easy. The first step is for users to install the software on their devices to start storing their SHIB tokens in the wallet. Although this wallet is secure, it still remains vulnerable to malicious actors and cybercriminals on the internet.
2. Mobile vs Desktop Wallets
A mobile wallet is software on your mobile device that stores your crypto assets. A crypto mobile wallet is also used by investors to send, receive, and transfer digital assets from one wallet to another.
On the other hand, a desktop wallet is a software wallet installed on your desktop computer at home or in the office with which you can have access to your crypto asset holdings.
Using a mobile wallet leaves your private key exposed to the internet, but this risk is mitigated because your private key is tied to just one device.
Trading using public Wi-Fi increases the risk of your private key being intercepted, so you must ensure that you only use secure and private networks when making transactions on mobile wallets.
Mobile wallets are more convenient to use; they are portable and are easily accessible, unlike desktop devices.
However, when your phone is lost or damaged, you may be locked out of the wallet. The eToro crypto wallet addresses this need and with a private keep backup phrase retrieval service.
Unlike a mobile device, your desktop device is not portable, so it cannot be moved about and won’t be able to make transactions on the go. Still, it offers additional security because it is used in a secure environment, at home or the office.
Your desktop wallet is also exposed to some measure of risks when connected to the internet. But some desktop wallets have inbuilt security features that provide an extra layer of security.
Some crypto wallets like the Jaxx wallet are designed to function on both mobile and desktop devices. Providing users with the best of both worlds.
3. Hardware Shiba Inu Wallets
Shiba Inu hardware wallets, also known as hot wallets, are physical electronic devices like a universal serial bus (USB) stick-built to store your SHIB tokens securely. You can easily connect your hardware wallet to your computer, phone, or tablet to send, receive, or transfer your Shiba Inu coins. Examples of popular hardware wallets are Ledger Nano and Trezor.
If you have a large amount of crypto funds or are investing long term, a hardware Shiba Inu wallet is the best way to go. It is more secure and suitable for long term holdings.
By their very nature, hardware wallets store your private keys offline and away from internet-connected devices that may be vulnerable to cyber-attacks.
4. Paper Wallets for Shiba Inu
Paper wallets are a basic type of cold wallets. They involve generating the private key of your wallet and printing out the key on a piece of paper. The private key is used to authorise transactions on the Shiba Inu wallet, and as such, it has to be properly and safely stored.
Paper wallets were designed to be secure against hackers and viruses. Paper wallet for Shiba Inu coins has the advantage of accessibility.
However, papers do not last long naturally because they are soft materials; thus, paper wallets may not be suitable for the long haul. Papers are also susceptible to being destroyed by fire, water or even mistakenly thrown out.
Other likely problems that may arise with paper wallets for Shiba Inu include forgetting where you kept your paper wallet and a case of fading ink on the paper. If any of these occur, you risk losing your SHIB tokens forever. You can create a paper wallet for your Shiba Inu coins using various apps online.
How to Choose the Right Shiba Inu Wallet for You
Choosing the right Shiba Inu wallet can be difficult due to the several platforms and solutions currently in the market. Despite this, we believe paying close attention to the following metrics will go a long way in helping you make the right choice.
When choosing the right Shiba Inu wallet, the security of your funds is a key consideration. Crypto hacks are becoming more rampant by the day, and several investors are losing funds due to poor security measures on their platforms.
A secure wallet usually puts several measures in place to combat all forms of security breaches. One such measure is having two-factor authentication (2FA) in place. Many secure wallets for Shiba Inu have adopted offline storage for additional security.
You should consider the fees charged by wallet providers before pitching your tent with one. Some wallets are free, while others offer premium security for a fee. It is advisable to opt for premium wallets that guarantee improved security, especially if you have a substantial amount of Shiba Inu holdings.
3. Mobile Experience
Enjoying a seamless mobile experience when making transactions from your Shiba Inu wallet should be considered before you decide on any wallet provider to choose.
You should ascertain how easy it is to make transactions using this wallet and how seamless and fast is the transaction. The best wallet for Shiba Inu is a wallet that is user-friendly and very convenient to make transactions at any time.
4. Supported Cryptos
When selecting a Shiba Inu coin wallet, you should also consider other cryptocurrencies that are supported by the wallet provider. Some digital wallets are more specific and do not allow for multiple storage of several digital currencies. The eToro Crypto Wallet comes with a multi-sig function and a healthy amount of supported cryptocurrencies, well over 120. You can also trade up to 500 crypto-to-crypto pairs on the eToro Crypto Wallet app.
Tools go a long way in making the crypto experience worthwhile, and this is where eToro Crypto Wallet shines. Mainstream investors are constantly dissuaded from the crypto space due to loss of private keys. The eToro crypto wallet comes with support for private key recovery, and you can easily gain access to your Shiba Inu coins even if you lose your private keys.
How to get a Shiba Wallet UK
Many investors across the UK opt for eToro to invest in the crypto market. The ease of use and security of the crypto broker are some reasons investors consider the eToro crypto wallet the best Shiba Inu wallet in the UK.
Here are the quick and easy steps to getting your very own Shiba Inu coin wallet:
1. Open an Account with eToro
The first step is to create an account with the social trading platform. Head over to the eToro website and click on ‘Join Now.’ While you’re there, you’ll be prompted to provide your full name, email address, mobile number, username and, a strong, unique password
To proceed to the next level, fill in the essential information and click ‘Create Account.’ If you don’t want to type, you may effortlessly link your Google or Facebook account to create a free eToro account.
68% of retail investor accounts lose money when trading CFDs with this provider.
2. Verify ID
Since eToro is a regulated broker, you’ll have to go through the know-your-customer (KYC) process. Simply submit a photo of your driver’s license or other government-issued identification cards to the eToro website. For proof of address, you’ll also need to attach a copy of your most recent utility bill or bank statement.
eToro will validate your account after these papers have been uploaded, providing you full access to all the platform’s services.
Funding your account on eToro is simple because the site supports a variety of payment methods. To fund your account , head to the action tab and select the ‘Deposit Funds’ option. From this page, you’ll be presented with various payment options such as bank wire transfer, credit/debit cards, PayPal, and others.
Deposits on eToro are free, but the platform has a minimum deposit amount of $50. Click ‘Deposit’ to fill your account.
4. Search for Shiba Inu
Type ‘SHIB’ in the search field, click on the first result to Shiba asset page. You may read what other investors say about the crypto protocol in the’ Feed’ section. You may also take advantage of the chance to learn more about Shiba Inu by communicating with other investors or using the ‘Research’ option.
5. Invest and get a Shiba Inu Wallet
To buy Shiba Inu, go to the purchase page by clicking the ‘Trade’ option. To invest in SHIB, enter the desired asset amount and click ‘Open Trade.’ The transaction is completed in less than 10 minutes. Once you’ve setup your eToro account, head over to the mobile app store to download the eToro Money Crypto Wallet.
The eToro wallet is a mobile software wallet that’s accessible on both iOS and Android smartphones. The app allows you to transfer purchased SHIB tokens from the eToro trading site to your wallet for safe storage or transfer to external wallet addresses.
Many indicators point to Shiba Inu investment as a smart decision. The memecoin has shown a lot of promise in the past year and the token’s advancements herald bright prospects for the digital asset’s future.
Existing eToro clients may use the crypto wallet to access the crypto market using the same login credentials as their trading accounts. The eToro wallet supports over 120 crypto assets, including SHIB, and offers in-app conversion for up to 500 different cryptocurrency pairs.
In addition, we suggest eToro for both social copy trading and crypto-related activities since it is the greatest platform for both. eToro also boasts a user-friendly online platform and reasonable commissions.
68% of retail investor accounts lose money when trading CFDs with this provider.