Shiba Inu Cold Wallets: Lead Dev Offers Security Guidelines

The triple card set in Tangem’s cold wallets provide a safer way to backup crypto than a simple seed phrase.

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  • Shiba Inu’s Swiss blockchain equipment partner is ready to dish out its first cold wallets.
  • Both $SHIB and Shibarium gas fee token $BONE record double-digit monthly growth.
  • Shytoshi Kusama touches on cybersecurity, reminding SHIB holders to stay alert.

Tangem, the official cold storage provider for Shiba Inu, is slated to start delivering the highly-anticipated hardware wallets as soon as next week. The Swiss partner of SHIB Token confirmed on Twitter that its first wallets will be prepared for delivery on July 24th, 2023.

The blockchain equipment manufacturer shared a preview of the freshly made cold wallets. It comes in an orange box with a large Shiba Inu logo, with the card-shaped cold storage crypto wallet inside. The sides of the box are embossed with the names of the three tokens in the Shiba Inu Ecosystem: $SHIB, $BONE, and $LEASH written in white.

Shiba Inu’s Lead Developer Warns SHIB Army

Meanwhile, Shytoshi Kusama, the lead developer of SHIB Token, stepped in to give a few security tips for SHIB holders. In his latest post, Kusama observed: “Security Sidenote: IMHO, Don’t ever buy a cold wallet from anyone except the certified manufacturer directly.”

Followed by a #STAYSAFE hashtag, Shy pinpoints the importance of certification of these hardware wallets. In this case, the Swiss hardware maker Tangem announced support for Shiba Inu’s Layer-2 scaling solution, Shibarium, which is set to launch next week at the fifth annual Blockchain Futurist Conference in Toronto.

This means that Shiba Inu holders could store all three tokens, including the gas and governance token for Shibarium, Bone ShibaSwap. The compatibility attestation means that the fourth token, $TREAT, will also be supported by Tangem’s hardware wallet later.

On the Flipside

  • The initial Shiba Inu-themed cold storage wallet drop by Tangem is limited to 5,000 wallets. Currently, a SHIB cold wallet costs $77.7 on Tangem’s site.
  • Tangem advises against using a seed phrase for backup. Instead, the card chip generates a random private key, which is unlikely to be exposed.

Why This Matters

Hardware wallets provide a safer alternative to keeping cryptocurrency on hot wallets, as those are more vulnerable to hacking.

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Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.