Shiba Inu (SHIB) wallet
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Shiba inu wallet
Shiba Inu wallet is an app or a device, which purpose is to safely store users' Shiba inu private and public keys.Private keys are required to sign transactions (send crypto assets from one wallet to another), while public keys represent your wallet on the blockchain. In other words, your Shiba Inu public key is your Shiba Inu address. Your wallet address is used when you need to receive Shiba Inu.So, in a nutshell, a Shiba Inu wallet is a device or an app that allows you to send SHIB from your address to another. In the same way, it allows you to receive, store, and manage Shiba Inu coins, by giving you access to private keys and public keys. All of this, of course, could be said about any crypto wallet. This logic is not exclusive to Shiba Inu.But before we talk about what Shiba Inu wallet you should choose, let us first figure out what the Shiba Inu coin is.
What is Shiba Inu token?
Shiba Inu (SHIB) is a decentralized cryptocurrency token built on the Ethereum blockchain. It is designed to be used as a decentralized currency and store of value. Shiba Inu is based on the popular meme of the same name and has been described as a “Dogecoin killer” due to its similar features and potential.
A dog with new tricks
According to Shiba Inu token white paper, the main purpose of this token is to preserve the idea of a decentralized cryptocurrency. Decentralization aims to prevent traditional financial institutions, like banks and government agencies from monopolizing their influence.
SHIB token will be the first token used as an incentive for the ShibaSwap decentralized exchange. Following the trends, ShibaSwap used the image of the Shiba Inu dog, the same adorable breed used as the logo of Dogecoin. The team behind the project team clearly aims to repeat and even surpass the success of its main competitor when it comes to the meme coin market.
Supply on a tight leash
What makes SHIB unique is that it has a deflationary supply, meaning that the total supply of SHIB tokens will decrease over time. Every transaction made with SHIB tokens will result in a 4% burn of the tokens used in the transaction. This makes it an attractive investment option for those looking to store value in a digital asset.Shiba Inu also has probably the largest total supply when it comes to popular cryptocurrencies. It is over 589 trillion and the circulating supply is more than 549 trillion. Keep in mind, however, that the majority supply is held in only a handful of wallets.Additionally, SHIB has a strong community of supporters and developers who are actively working to build out its ecosystem and create new use cases for the token. Finally, SHIB has been designed to be used as a payment method on various platforms, such as social media sites and online stores.
Types of SHIB wallets
Technically, any wallet capable of storing and using tokens based on the Ethereum blockchain will also work and function as a Shiba Inu wallet, allowing you to store and manage SHIB, like Metamask wallet.You want to select a Shiba inu wallet that suits your needs the most. Are you interested in long-term holding or daily trading? Are you looking for privacy and protection or prefer convenience and ease of access? Thankfully, there are many different types of wallets for both ETH and Shiba Inu, so you're sure to find one that suits you perfectly.
Online (or Web) Wallets
Online wallets are the easiest to access and use for Shiba Inu users. These wallets can be accessed through a web browser on any gadget that's connected to the Internet. Since you only need a web browser to access it, you can use it on your PC or a phone, or a tablet. Your private keys are typically stored on servers which creates significant security concerns, as your funds and data may be at risk in the event of a cyber breach.
Next up is the software (or hot) Shiba Inu wallet, which is similar to online alternatives and also tends to be easily accessible. They're also completely free, with the primary difference being that you'll need to download a mobile or desktop app to your chosen device. Most of the time, such wallet will have options for Windows, Mac, Linux, and so on. Once again, you'll usually require an active Internet connection to access a software Shiba inu wallet, while the same issues regarding security and private key storage remain. Unless, of course, you choose a non-custodial wallet (like Atomic Wallet) where your data is stored on your end.
A hardware Shiba Inu wallet, also known as a cold wallet is widely considered to be the most secure option on the market, thanks to the additional security features they offer. With these, you store your private keys offline, creating an additional layer of security. In the event of a hack, there is no way to access your data since it's kept separate from your main device. Speaking of other security features, the gadget itself is usually also protected by a pin code. To this end, hardware wallets tend to resemble standalone USB devices with additional side buttons, and they'll typically set you back between $70 and $150 to purchase outright. When it comes to specifics, Ledger nano is probably the first one that comes to mind.
We close with the least popular type of Shiba Inu wallet - paper wallets. They are very different from all other options listed here. As the name suggests, you'll need to write down your Shiba Inu private and public keys on a piece of paper, before storing this information in a safe and secure place, like a safe. While it's completely free and non-technical, it lacks convenience and can cause huge issues if the paper is subsequently lost or stolen.
Atomic SHIB Wallet
Now that you've learned a little bit about Shiba Inu and what types of Shiba Inu wallets exist, we'd like to present to you a secure SHIB wallet, with a user-friendly interface and a variety of features, including security features that you typically can't find in a software wallet.Atomic SHIB Wallet is a decentralized multi-currency Shiba Inu wallet. It supports multiple cryptocurrencies, like BTC, SOL, ADA, and other coins. Overall, Atomic offers support for more than 300 cryptocurrencies.
A secure SHIB wallet
A significant advantage of a decentralized wallet, in general, is security. No one but you has access to your data. In addition to security, it also gives you the ability to manage cryptocurrency from any device. Still, you need to pay attention to how you store the backup phrase. In HD Wallets (Atomic being one of them), the keys are generated from one master seed phrase, so that phrase is the primary access to your funds.With Atomic, your Shiba Inu wallet is protected as long as you keep your seed, or private key, in a safe and secure place. This data is kept in your local storage and protected using advanced encryption. The wallet basically acts like a cold wallet, so your crypto is entirely under your control, as your private keys are stored only on your computer or a phone. This ensures that only you have full control over your assets.The downside of having complete control over your private keys is that if you lose your seed phrase, you will lose access to your crypto assets.
Anonymous Shiba Inu wallet
Atomic Wallet is also anonymous. We do not collect any of your data, not your mobile phone number, not email, nothing, not even your IP address.
Exchange Shiba Inu in the wallet
Atomic is a software wallet that has an integrated Cryptocurrency Exchange. This feature allows you to exchange Shiba Inu (SHIB) and trade your crypto assets without needing to go to an exchange platform. If you, by any chance get tired of this adorable breed, you can always exchange Shiba Inu (SHIB) for Bitcoin or any other coins, we have hundreds of available trading pairs.
Buy Shiba Inu in the wallet
Thanks to our Buy Crypto feature, you can buy Shiba Inu (SHIB) directly in the wallet, without the need to use 3rd party platforms.
You also get access to 24/7 live customer support, lack of operational costs, and security.The primary purpose of Atomic Wallet is not just to keep cryptocurrency but to create a healthy multifunctional ecosystem that, in many ways, resembles a decentralized exchange. Atomic Wallet has an internal token - AWC (short for Atomic Wallet Coin), which has many use cases in the ecosystem, such as dividends for holders and the cashback program. Furthermore, it also serves as a marketing tool for bounty and airdrop campaigns.
Setting up Atomic Shiba Inu Wallet
Download and install
First, you need to go through a simple process of creating a wallet. Download the installation file for your operating system from the official website and install the app. If it's a desktop wallet you're after, download the installer. If you're setting up a mobile wallet, the process is even simpler, since you'll be installing the mobile application via a marketplace automatically (Google Play for Android devices and AppStore for iOS). Atomic is available for Windows, Mac, Linux, Android, iOS, and other operating systems.
If you need more specific instructions regarding a certain OS, check out our guide!After that's done, run Atomic Wallet, click 'Create Wallet,' set up a strong password, and click Set Password. Make sure it is a unique and secure password that you don’t use for anything else.You will now see a 12-word seed phrase that can be used to restore access to the wallet. Be sure to keep it in a safe and secret place! Then click 'Open Wallet.'You can find a step-by-step guide on creating a wallet in Atomic here and if you encounter any difficulties with any of the steps, feel free to contact our customer support by filling out this form.
Getting SHIB into your wallet
There are several ways of getting funds into your Atomic Wallet.
The first method is to simply send SHIB to Atomic Wallet from an external wallet. The process is fairly simple even for a first-timer. All you need to do is to find your Shiba Inu wallet address in Atomic, copy it, and paste it into the sending window of the app that you're trying to send your funds from.
The exchange allows you to buy Shiba Inu by paying for it with another asset. Let's say you have some EOS (or any other digital currency) in your wallet, but you decide to try out Shiba Inu. The exchange feature has got you covered. With more than 1000 coins to choose from, you can freely swap tokens without having to verify your identity or follow time-consuming ‘Know Your Customer (KYC) protocols.The exchange also provides real-time prices for assets and cryptocurrency pairs, so you can capitalize on any Shiba Inu price swing in the future. A step-by-step guide on exchanging assets is available here.
In our wallet you can buy crypto directly with a bank card, using your fiat money. All you need to do is to provide some information, like your name, billing information, etc., and undergo a verification process.
You can find a detailed, step-by-step guide on purchasing crypto in Atomic Wallet here.
Get your SHIB wallet today
The Shiba Inu token is a unique and innovative cryptocurrency that has taken the world by storm. With its low supply, high demand, and strong community support, it is no wonder why Shiba Inu has become one of the most popular cryptocurrencies in the world. As more people learn about this token and its potential, we can expect to see even more growth in the future. With its unique features and strong community backing, Shiba Inu is sure to remain a top contender in the cryptocurrency market for years to come.If you are interested in becoming one of the Shiba Inu investors, the best way to manage crypto in a secure and decentralized way is a Shiba Inu wallet. Having your crypto on a decentralized exchange might be convenient for day trading, but if you are interested in a long-term investment and considering staking your crypto, a wallet will be the best solution.Choosing the Atomic SHIB Wallet to hold your Shiba Inu tokens in, allows you to easily create a wallet, hold Shiba Inu and exchange it if need be, in an app with a user-friendly interface.Get the app on Google Play or AppStore for your mobile phone, or download it from our website for your desktop and join millions of Shiba Inu users right away!Meta description: Download fast and secure Shiba Inu wallet app for IOS, Android, and desktop. Buy, sell, and exchange SHIB and 1000+ cryptos in one secure crypto wallet