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Topic: Shiba Inu coin and storing them safely? (Read 254 times)

hero member
Activity: 2296
Merit: 506
Cryptocasino.com
July 22, 2021, 09:34:50 PM
#27
Trust wallet is safe and I personally think it's safer than metamask, I don't know why but using metamask does not feel  secure and with trust wallet you can easily set 2fa as well.
Basically any wallet that support erc20 token could store this token but security also determined by the user, if you share your mnemonic everywhere your wallet could easily get hacked so always keep mnemonic secret.
sr. member
Activity: 616
Merit: 252
Hi I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?
Is there any way to do this whereby they are not left on any exchanges? I hate exchanges after what happened to me back in 2016.
Another question is Trust Wallet safe to store these coins on?
Any help would be appreciated, Thanks in advance.
shiba inu is the same as dogecoin which has price movements like this due to a tweet from Elon Musk, so I think you should be careful with token models like this because it can have a bad influence on cryptocurrency prices and make a loss for the buyers.
full member
Activity: 626
Merit: 200
Gula membunuhmu.
Join to the community it's better way assist you and fast, how could you put your money to the project meanwhile you don't know to saving or storing that assets?

You can find out the wallet with comfort with adding smart contract.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
What is the legit source for trezor or Ledger wallets please, thank you for the replys thus far, highly appreciated.
Ledger or Trezor is a legit wallet and you can use it together to keep your coins.

While doing a little search for Shiba Inu wallet, I found some wallet support for Shiba Inu such as Lumi, freewallet.org, atomic wallet, coinomi, cro.com wallet, trust wallet.
Maybe another wallet supports Shiba Inu and you can search for it by yourself and choose what you think that wallet can fit you want.
I suggest you not save it in the exchange to prevent anything bad that can happen.
I keep my Shiba Inu on the cro wallet while converting it into cro coin or using their feature to earn some coins.
TWW
full member
Activity: 1456
Merit: 109
Trust wallet is safe and I personally think it's safer than metamask, I don't know why but using metamask does not feel  secure and with trust wallet you can easily set 2fa as well.
Basically any wallet that support erc20 token could store this token but security also determined by the user, if you share your mnemonic everywhere your wallet could easily get hacked so always keep mnemonic secret.
sharing wallet keys with other people is a bad thing. with wallet security like anything can be taken by people.
trust wallet is indeed the most convenient to use today. I also use it. but to keep the Shiba inu I still put it on the exchange. as long as the exchange I choose is the best and possible delist I don't think it will be a problem keeping it on the exchange for the long term.
especially if you want to trade the tokens, it is very easy to store them on the exchange. although some people are not comfortable keeping their investment assets on the exchange because of the security.
member
Activity: 574
Merit: 10
Gistcoin
Shiba Inu (SHIB), also known informally as Shiba Token, is a decentralized cryptocurrency created in August 2020 by an unknown person or a person known as "Ryoshi". The Shiba Inu is an ERC-20 token on the Ethereum blockchain, and based on Dogecoin, it branded itself as the "killer of Dogecoin". Shiba Inu does not have any smart contract utility, nor is it backed by any assets or rights, it is simply a transferable token. so I think it's safest to store Shiba Inu with a hardware wallet
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
Trust Wallet is owned by Binance if I am not mistaken. So by keeping it there, it's just like keeping it with their exchange but it just turns out to be called as a "wallet". If ever Binance will be bankrupt (low chance but possible) or attacked then your funds will also be gone.
I don't know much about Shiba Inu and I think you should go directly to their customer support. That way you could be answered in an accurate detail or maybe even help you out with the steps.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
I think what you need to use would be the hardware wallets. The only time your wallet is compromised is if the person has physical access to your wallet and can breach the pin and then your security is compromised and a big possibility of your funds to disappear. Otherwise, it is safe for you to use a hardware wallet.If you don't have the money to buy a hardware wallet  then you just have to be mindful of your passwords and phrases and keep them safe so that no one will have access to that information.
hero member
Activity: 1764
Merit: 505
#SWGT PRE-SALE IS LIVE
Hi I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?
Is there any way to do this whereby they are not left on any exchanges? I hate exchanges after what happened to me back in 2016.
Another question is Trust Wallet safe to store these coins on?
Any help would be appreciated, Thanks in advance.


Trustwallet is a good choice if you're planning to store your shiba or other coins. I've been using it for four years, and it counting for good times it never failed me because my funds was secured. Unlike with other wallets that need to accessed online, I have no confidence due to possible phishing that might come to existence.
copper member
Activity: 966
Merit: 5
Hi I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?
Is there any way to do this whereby they are not left on any exchanges? I hate exchanges after what happened to me back in 2016.
Another question is Trust Wallet safe to store these coins on?
Any help would be appreciated, Thanks in advance.

Starting with trust wallet, to the best of my knowledge I have not see or heard of anyone complain about them, or complain about loss of assets, that is to say, so far, the wallet have been trying in its aspects to serve users. Also, the best way to ensure you are secure is by writing down your backup phrases on a book, offline and not keeping it online, saving a screenshot and so on.
Secondly, Shiba Inu is an ERC token, and since trust wallet supports ERC tokens, then it is safe to say, that you can store the coin in your trust wallet. Just make sure you copy an Ethereum address from your trust wallet and send it to, after that, if it is yet to reflect in trust wallet, you can add the coin (Shiba Inu) with its contract address.
sr. member
Activity: 2366
Merit: 305
Duelbits - $100k Bonus/week
Hi I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?
Is there any way to do this whereby they are not left on any exchanges? I hate exchanges after what happened to me back in 2016.
Another question is Trust Wallet safe to store these coins on?
Any help would be appreciated, Thanks in advance.
Yes, you can save these coins offline using a leading hardware wallet now, the trezor and the ledger wallet which already shared above the link. Regarding keeping coins on the exchange, that is too risky because you dont know when the exchange will stop and will shut down in the future. So much better in the right storing of coins that you have control like having a private key.

Trust Wallet will I guess is also good, they are open-source wallets. But I prefer to the hardware wallet to this.

Why do you want to store this meme coin for a long period of time? I dont see any potential of this coin to have benefit someday, I have doubt it will become a shitcoin someday which is very risky to hold for a long period of time.
full member
Activity: 490
Merit: 107
I was hoping there is a way to store Shiba Inu and some other coins offline?
Is there any way to do this whereby they are not left on any exchanges? I hate exchanges after what happened to me back in 2016.
Another question is Trust Wallet safe to store these coins on?

Yes you can store it on any wallet that support Ethereum Network.
Trust Wallet is a good option if you didnt have any physical wallet, i used it too and have no issue at all until now. Just dont forget to back up the phrase on the safe place.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
Hi I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?

Shiba Inu is an Ethereum based tokens so any wallet that holds ethereum based token is capable of holding Shiba Inu. Metamask is the wallet I used for holding some of my Ethereum based token, you can make use of that for your Shiba and it would be safe provided you don't exposed your private key, just stored them there and don't connect that specific wallet to unknown sites.

Don't just invest and forget about your investment as Shiba is one of those coins you'll have to take profit when the opportunity is made available as it'll be constantly pumped and dumped just as dogecoin is been pumped and dumped.

MEW or Metamask are more than enough, in my opinion. as long as he is securing the keys safely and securely. however, on the note of holding SHIB long time. the OP should not think not only once but many times, the reason why he will be holding it long time. this type of coin is something that you dont want to hold for long. once you got the right time to sell (i.e. price is higher than your buying price), just sell it and never look back. there's no solid foundation and no solid use case. just reading the ANN thread of SHIB in the forum, you will already get the idea where this is heading to...
full member
Activity: 1008
Merit: 104
so you will HOLD this coin and keep it in a cold wallet? that's your reason? maybe you know what happened recently when Elon tweeted about the Shiba Inu, and that means this coin has become one of the dump and pump arenas which he will play with like DogeCoin. and what is the evidence today? what is the fate of the doge? look and think again, when Shiba Inu is played by Elon, then you have to be ready for the Dump game, and maybe if you're lucky Pump you will be luckier.

it depends on your decision, it's just that for us investing in coins that are not easy to control is a safe choice, so we avoid price manipulation. because natural coins are safer without price games.
hero member
Activity: 1106
Merit: 570
Hi I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?

Shiba Inu is an Ethereum based tokens so any wallet that holds ethereum based token is capable of holding Shiba Inu. Metamask is the wallet I used for holding some of my Ethereum based token, you can make use of that for your Shiba and it would be safe provided you don't exposed your private key, just stored them there and don't connect that specific wallet to unknown sites.

Don't just invest and forget about your investment as Shiba is one of those coins you'll have to take profit when the opportunity is made available as it'll be constantly pumped and dumped just as dogecoin is been pumped and dumped.
hero member
Activity: 2534
Merit: 605
I am a Newbie when it comes to crypto, I was hoping there is a way to store Shiba Inu and some other coins offline?
I am not 100% sure but Shiba Inu are transacted and based on the Ethereum blockchain so if you have an ETH address whose private keys are stored offline by you, then you should be good to store the coins and access them anytime using the private key.

A bit of personal advice though is that SHIB token might not be worth much in the future so although good for trading right now, I don't believe it has a bright future in let's say a few years from now.

Is there any way to do this whereby they are not left on any exchanges? I hate exchanges after what happened to me back in 2016.
Of course, never keep your coins at exchanges. I left some dogecoins on various small exchanges and most of them are closed and some are asking me for documents to get back the coins.

Another question is Trust Wallet safe to store these coins on?
From what I heard, trustwallet is safe as it gives you full control but because I am not 100% sure neither have too much technical knowledge, I suggest you to make sure they give you access to private keys.
legendary
Activity: 3346
Merit: 3125
What is the legit source for trezor or Ledger wallets please, thank you for the replys thus far, highly appreciated.

you can get the trezor wallet from this page: https://trezor.io/
And the ledger from: https://www.ledger.com/

And another good option to buy them is Amazon.

I recommend Amazon and not Ebay because from Ebay you could get a used one, and the seller could have a backup of the seed and stole your coins with that, that's why is important to always buy a new one.

You will find a lot of youtube videos teaching how to use them.
newbie
Activity: 5
Merit: 0
What is the legit source for trezor or Ledger wallets please, thank you for the replys thus far, highly appreciated.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
June 27, 2021, 11:56:37 AM
#9
You're okay to store your coins on Trust Wallet as long as you're holding the recovery phrase.

As for Ledger Nanos are they not risky with hackers exploiting them all? I skimmed past an article that they were targeting them ?
It's been known a better option whenever are looking for a wallet to keep for a long time. I myself got my Ledger Nano S and I've been satisfied holding my coins there and I don't have to worry about it and I have peace of mind while my coins sitting there. You're only going to be hacked if you're reckless with your seeds and you're filling forms unknown forms online.
full member
Activity: 1120
Merit: 101
June 27, 2021, 11:47:31 AM
#8
what happened to the newbie in 2016?
if you are an old man but try again. I'm sure you've missed a lot of important events in the crypto world.
if you want to store in a trusted wallet, I'm sure it won't be a problem to store your assets. most importantly keep everything well. especially the device for you to access your wallet.
or you can see some suggestions from other members to save in an offline wallet. everything stays the same, depending on how you store it.

anyway, welcome back to the world.  Grin
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