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Author Topic: Shiba Inu coin and storing them safely?  (Read 216 times)
danherbias07
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June 28, 2021, 01:26:05 AM
 #21

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.

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goolesby
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June 28, 2021, 07:29:22 AM
 #22

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

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July 23, 2021, 02:55:53 AM
 #23

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.
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July 23, 2021, 03:22:30 AM
 #24

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.

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July 23, 2021, 03:32:22 AM
 #25

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.
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July 23, 2021, 03:41:18 AM
 #26

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.

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