In this article, we will discuss the 10 best Shiba Inu wallets Australia to store your Shiba Inu coins safely.
Shiba Inu is a cryptocurrency on Ethereum Network. Any wallet that supports that allows you to store ERC20 tokens would also allow you to store Shiba Inu coins.
Shiba INU’s 22 pages long whitepaper goals focus on the three main tenets of the cryptocurrencies such as decentralization, privacy, and distributed Ledger.
Best Shiba Inu Wallets Australia – Secure Shiba Inu Coin Wallets
When Shiba INU coin was deployed, half of the tokens were sent to the Ethereum Co-founder Vitalik Butlerian.
This ensured that it was marketed well, and people purchased Shiba Inu coins. Since then, it has gained new heights, and many people have invested their money into it.
Read this article till the end to know about the 10 best Shiba Inu wallets Australia
What Are The Important Shiba Inu Wallet’s Key Points?
- A Shiba Inu wallet would allow you to store different ERC20 tokens. You can transfer the tokens from one wallet to another.
- There are two different types of Shiba Inu wallet apps that you can purchase; one is the hardware wallet, and the other is the software wallet.
- Most of the Shiba Inu hardware wallets are entirely secure because they offer cold storage. By cold storage, it means that your wallet does not have any interaction with the network, such as the internet.
- Some Shiba Inu software wallets are beginner-friendly, which you can use to buy Shiba Inu tokens, but where the private keys and public keys are stored in browser storage.
- Storing Shiba Inu coins in your wallet gives you complete custody and control over the funds, unlike centralized exchanges.
Best Shiba Inu Wallets Australia List
- ByBit Wallet Australia
- eToro Money Wallet Australia
- Coinbase Wallet Australia
- Binance Wallet Australia
- Trezor Hardware Wallet Australia
- Exodus Wallet Australia
- Trust Wallet Australia
- Coinomi Wallet Australia
- Ledger NanoX Hardware Wallet Australia
- BitBox02 Hardware Wallet Australia
Best Shiba Inu Wallets Australia – Reviewed
If you want to make any investment for the long term, you should read about some of the best Shiba Inu Wallets Australia listed below.
Some Shiba Inu hardware wallets like Ledger or Trezor offer a seamless experience for Shiba Inu token users.
If you want to do regular Shiba Inu trading, then it is recommended that you should use software wallets such as Metamask. Some of the best Shiba Inu cryptocurrency wallets in Australia are listed below.
ByBit is a centralized Shiba Inu exchange that offers derivatives trading. They use the best security methods to ensure a quality user experience and no downtime.
Users can do different types of trading, such as leverage trading or spot trading. Some of the pros and cons of ByBit are as follows.
✔ It allows traders to take 100x Leverage on their Shiba Inu holdings.
✔ It has a separate section of educational resources that helps beginners learn more about cryptocurrencies.
✔ A lot of advanced tools are available to do technical analysis for trading.
❌ It is not available for Shiba Inu traders who reside in the United States.
EToro Money Wallet
eToro is one of the safest Shiba Inu wallets Australia for beginner level traders to expert level.
It offers a comprehensive guide about the cryptocurrency trading experience on an excellent quality UI-friendly platform. Some of the pros and cons of eToro Wallets are as follows.
✔ It allows traders to risk management by applying stop loss to their strategy that automatically protects their funds.
✔ Traders get a free excess of the latest news and research articles to make better decisions and learn more.
✔ For new users, it offers a demo account of $100k that you can use to learn to trade.
❌ It charges a considerable amount of trading fees.
Coinbase is the best Shiba Inu wallet app for new users. It offers a highly intuitive user interface and a secure user experience.
It is backed by one of the leading cryptocurrency exchanges. Users who have little or no experience in Shiba Inu trading can use Coinbase wallet and connect major bank accounts to buy Shib tokens in Australia. Some of the Pros of Coinbase Wallet are as follows.
✔ It allows you to backup your keys to the cloud.
✔ Offers access to decentralized exchanges that convert your tokens into another without any intermediary party.
✔ Users a secure enclave chip available in most iOS and Android Devices.
❌Only available for devices like iPad or mobile phones and a browser extension for desktops.
Binance is one of the oldest cryptocurrency exchanges that offer various services in the cryptocurrency domain.
If you are looking for the best trading features and facilities to store your Shiba Inu tokens, Binance might be a great choice.
It has access to 1k markets. Some of the Pros and cons of the Binance Shiba Inu wallet are the following.
✔ It is available for free of cost and can be downloaded on both iOS and Android devices.
✔ It ensures the security of users by allowing the IP Address and Device that prevents any unauthorized access.
✔ The transaction fee is only 0.1 %.
❌It is pretty complex for beginners if using the original version instead of lite.
Trezor is one of the best Shiba Inu hardware wallets launched in 2013, after the four years when Bitcoin was launched.
It offers various security features that make it entirely secure to use. If you want to buy Shiba Inu tokens in Australia, you can connect that wallet through the app and buy or sell Shiba Inu tokens. Some of the pros and cons are as follows.
✔ It supports almost all the crypto tokens available on the Ethereum network.
✔ It is pretty easy for users who are new to the cryptocurrency Industry.
✔ It uses various authentication methods like U2F and FIDO2 authentication to ensure the authenticity of the user.
❌ It is pretty expensive to buy. Mainly it costs around 58 USD, whereas some models cross the 100 USD mark.
Exodus is a new Shiba Inu wallet app that comes with a straightforward-to-use Interface. It has many exciting features like it supports almost all devices from Mobile to Desktop.
The wallet was wounded to ensure the security of private key storage. You can easily download it from the app store or play store.
It is also available as software. Some of the pros and cons are as follows.
✔ It allows users to store private keys securely.
✔ It supports various cryptocurrencies, including the new crypto tokens like Shiba Inu.
✔ It comes with Beginner friendly and easy-to-use User Interface.
❌Users need to pay a considerable amount of transaction fees to buy or sell crypto tokens.
Trust wallet is another top pick in our list of best Shiba Inu wallets Australia, it is a decentralized and open-source Shiba Inu token wallet for beginners to expert traders.
It is one of the best wallets that supports overall 160k+ assets on different chains. Trust wallet Stakers can use it to stake tokens and earn interest.
It was launched for ERC20 tokens, but it now supports every blockchain with development some of the pros and cons are as follows.
✔ Easy To use Interface.
✔ Has good partnerships with the best and most significant cryptocurrency exchange Binance.
✔ The easy backup process to secure private keys.
❌It is not as secure as hardware wallets.
Coinomi offers multi-currency support. It was founded in 2014 by George Kimionis, an engineering graduate.
It was initially developed for Android Devices to support Bluechip Cryptocurrencies such as Litecoin, Ethereum, and Bitcoin.
But with progress in the cryptocurrency industry, it also launched an app for iOS devices. Some of the Pros and cons are as follows.
✔ It supports a wide range of cryptocurrencies, from Bluechip to altcoins.
✔ It uses advanced security measures that allow the safe storage of private keys.
✔ It is available for free. Users do not need to pay any charges except the transaction fees.
❌It is not entirely open-source.
Ledger Nano X
Ledger is one of the most popular companies building hardware wallets.
It is known for its high-security measures to secure users’ private keys, which makes it the best Shiba Inu wallet in Australia.
If any user is trading millions of dollars, purchasing this wallet would be worthwhile. Also, the pros and cons are listed below.
✔ It can be easily connected to devices using the Ledger App.
✔ It offers cold storage for various cryptocurrencies for secure trading and investing.
✔ It is pretty fast and easy to use for beginners.
❌It is quite an expensive hardware wallet that only a few can afford.
The BitBox02 is a cold storage device launched in Switzerland. It is one of the best competitors of ledger wallets since it offers similar features such as OLED display USB A support.
Users can easily connect it with devices and use applications to buy or sell Shiba Inu tokens in Australia. For beginners, it is pretty easy to set up, and many tutorials are available
some of the pros and cons of Bitbox Shiba wallets are
✔ It offers complete transparency by making its source code open source.
✔ It gives you full control over your funds.
✔ It offers various ways to make payments to buy cryptos.
❌The screen size is relatively small.
How Does Shiba Inu Wallet Work?
Shiba Inu wallets allow the holders to buy or sell Shiba Inu tokens. Such wallets only store the account’s private keys, whereas the tokens are there on the blockchain.
If you want to receive Shiba Inu tokens, you need to share the wallet address with the sender.
You can create a QR code if the wallet supports it. In other cases, where you want to send a Shiba Inu token to a different account, you need to ensure that the address from where you are sending is in the wallet, but the destination address and confirm the transaction.
Different Types Of Shiba Inu Wallets
There are mainly four types of Shiba Inu wallets in all but we are familiar only with software and hardware wallets. The other types of Shiba wallets are mentioned below.
Shiba Inu Software Wallets
Shiba Inu Software wallets are the storage programs for cryptocurrencies. Such wallets create a public key and private key pair to show the balances and allow you to send Shiba Inu tokens from one address to another.
Software wallets are readily available to download from Ethereum wallet and Blockchain Info websites.
Most of such wallets keep the private key in the storage of your web browser or your local device.
Hence, it is prone to malware attacks; it might not be the best choice if you invest massive amounts. Some of the examples are Metamask and Trust wallet.
Developers can use it aggressively for testing and developing decentralized applications.
Mobile vs Desktop Wallets
Desktop Shiba Inu wallet apps are pretty similar to Mobile wallets. There are not many factors to distinguish between them.
Users can easily download them from the respective official websites or App Store for iOS devices and play store for android devices.
They are known as hot wallets because they are always connected to the network like the internet when you switch on your device.
Also, such wallets are noncustodial wallets that make you the sole custody holder of the private keys.
Most people use such wallets while doing Blockchain Application development because it makes it relatively easy to test web applications and software applications.
Hardware Shiba Inu Wallets
A Hardware Shiba Inu wallet is a crucial component of the blockchain Industry. They are known for the security and coins that they support.
Most hardware wallets are also known as cold storage devices because they do not need the internet to access the crypto tokens.
It supports multi tokens from various networks; hence you can store all the cryptocurrencies in one wallet rather than having multiple devices.
Hardware wallets protect your private keys and allow you to sign crypto or blockchain transactions.
The sign is done using a signature that gets generated using the owner’s private key. Hence it is quite difficult to forge such a signature for malicious activity.
Paper Wallets For Shiba Inu
Shiba Inu Paper wallets are the best way to store Shiba Inu tokens. Here, users need to create a public and private key pair to generate a wallet address.
Once the public key is created, you can transfer all the tokens to that public key.
But here, you would need to store the private key by writing it on some paper, something like it happened in the early days when people wrote stock certificates or bonds to prove their ownership.
It is pretty secure because nothing is stored online, or any electronic devices are hacked by imposing malware or spyware.
How To Choose The Best Shiba Inu Wallet Australia For You?
Choosing the best Shiba Inu wallet is a daunting task, as there are many wallets available today. But the task can be made easy if you follow the below-mentioned metrics.
There are two different types of Shiba wallets available, the hardware wallet and the software wallet.
Both offer similar functionalities, but hardware wallets are quite a good choice if you consider security.
But if you want to use a cryptocurrency wallet for building applications or learning purposes, then software wallets are best.
Software wallets can be easily installed in the web browser without purchasing a separate device.
If you are a hardcore Shiba Inu investor and trader, then a hardware wallet is best for you since it is highly secured and offers cold storage.
For every Shiba Inu transaction, you need to pay a transaction fee. For example, if you buy cryptocurrencies from any centralized exchange, you need to pay 0.15 percent of the total amount as fees on Finance.
Hence while choosing a Shiba Inu wallet do consider the fees that the specific wallet charges.
Software wallets such as Metamask charge the fees per the blockchain network on which you are buying Shiba Inu tokens.
If you buy tokens on Ethereum, then the gas fees would be comparatively higher than the Polygon network.
Currently, Shiba Inu is listed on Ethereum; hence you need to pay the average gas fees suggested by Ethereum.
Some wallets offer a mobile application to make it easier for users to access them.
Some wallets like Metamask and trust wallet have a mobile application that works similarly to their browser extension.
The only difference is that a trusted wallet like a mobile wallet needs to be connected using walletConnect, a kind of middleware that allows you to connect hardware wallet or software wallet to Decentralised Applications.
If you are looking for a Shiba Inu wallet app with an excellent mobile experience, a Trust wallet could be a great choice.
Most cryptocurrency Wallets support significant cryptocurrencies such as Ethereum but not every altcoin.
For example, Ledger does not list all the crypto tokens. The token creator needs to request to list their token.
If you are using such wallets, you need to ensure that they have listed the Shiba Inu Coin or not.
In the case of software wallets, you can import the Shiba Inu smart contract address to the Metamask or the trust wallet to buy such tokens because these software wallets do not require listing tokens explicitly.
If you download a wallet such as a Trust wallet, you will notice that it provides access to a variety of applications such as decentralized exchanges or staking applications.
And a lot of hardware wallets like Ledger and Trezor have inbuilt cryptocurrency exchange.
To access such services, you can choose the cryptocurrency wallet accordingly.
Another essential tool is a private important backup tool; it will be pretty secure to use if your wallet supports that.
Such tools help to keep your accounts safe. For more details on tools, you can visit the wallet you want to buy or use.
How To Get A Shiba Wallet In Australia?
You can choose any of the best Shiba Inu Wallets Australia mentioned above as per your requirements
One of the best Shiba Inu wallets could be the eToro wallet since it offers reasonable security measures.
To buy Shiba Inu Coin in Australia using eToro, you can follow the steps given below.
Open a New eToro Account
If you want to open a new account on eToro, you can visit the official website and click on the “Join Now” button.
Once you click, you will be redirected to the new page, where you will be required to fill out a form for opening a new trading account.
You need to provide general information such as Name, Email, Password, and Phone Number.
Once you have created a new account on eToro, you need to do a KYC Process. This KYC process will require you to submit the Residential Address, Identity proof, passport, and Photo ID.
Along with this, as a new Shiba Inu investor, you will be given a questionnaire that you need to answer.
It will ask you questions like investment goals, capital markets, financial liquidity, professional status, and quite a few basic questions similar to these.
Usually, the verification process does not take much time, but if in case you upload wrong documents then you might need to re-upload them and apply for re-verification.
After your KYC is verified, you can deposit the fiat currencies using the bank transfer, credit/debit card, different eWallets, and even Paypal.
The minimum amount of deposit you need to make is USD 10. If you fund your account with any other fiat currency, you need to convert that to USD by paying the 0.5 percent transaction fees.
Although it supports bank transfers, not all banks allow making transactions on cryptocurrency exchanges.
Hence you need to check if your bank supports the eToro platform or not.
Search For Shiba Inu Coins
eToro has listed various tokens and altcoins; you can go to the homepage after logging in and fund your account.
There is a search bar at the home page to search for the Shiba Inu coin pair, such as Shib/USD.
Once you click on it, you can enter the token amount you want to buy and place a trade.
If there is a match, your transaction will be successful, and your wallet will be filled with Shiba Inu Coin.
You can either trade them or keep them as an investment for good returns.
Invest And Get A Shiba Inu Wallet
It is quite an easy process to invest in Shiba Inu tokens; many people have made good profits from it.
If you are looking to make any Shiba Inu investment using eToro, you can access this link. eToro wallet offers numerous benefits for trading Shiba Inu tokens and good trading facilities.
Final Thoughts – Best Shiba Inu Wallets Australia
The Shiba Inu token was recently deployed on the Ethereum chain. There are a lot of exchanges where you can buy it.
Although there are a lot of Shiba wallets available, most of them have different features.
Based on the features that you need and if they have listed Shiba Inu tokens or not, you can choose a cryptocurrency wallet.
Most people recommend using a hardware wallet like Ledger or a software wallet like eToro. Both of these Shiba Inu wallets have humongous features and are beginner-friendly.
Once you have chosen the best Shiba Inu wallet in Australia, you need to know that it is your responsibility to keep your private keys secure.