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Cold SHIB Wallet Finally Released, Will It Avoid Ledger's Controversy?

Fri, 06/02/2023 - 13:30
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Yuri Molchan
Tangem has begun selling SHIB cold wallets, claiming that they will not follow in footsteps of Ledger
Cold SHIB Wallet Finally Released, Will It Avoid Ledger's Controversy?
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Shiba Inu's partner in making a SHIB cold customized wallet, Swiss-based company Tangem, has issued a tweet to say that a limited edition of these wallets is already on sale and is about to sell out.

The tweet also describes the features of these newly released, card-shaped wallets. It seems that Tangem claims its SHIB wallets will avoid the recent controversy of Ledger wallet maker.

The top member of the Shiba Inu team, @LucieSHIB, took to Twitter to say that she has ordered one and looks forward to receiving it.

5,000 SHIB cold wallets on sale

The aforementioned SHIB hardware wallets will enable users to trade, send and store more than 6,000 various cryptocurrencies, including SHIB, of course. It will enable users to access DeFi, dApps and non-fungible tokens (NFTs).

In order to use a wallet, one just needs a smartphone with the Tangem app installed on it.

As for possible security issues, Tangem stated that there will be two backup card wallets that will allow holders to keep their coins securely. The private key will be stored in the wallet's chip, so it will never be disclosed or somehow extracted from there.

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Recent Ledger wallet maker situation

Recently, renowned producer of hardware wallets Ledger announced a release of the future upgrade that is meant to enhance the security of crypto stored in users' wallets. The seed phrase was to be separated into three encrypted parts and then sent to three devices for secure storage.

Many within the crypto community were afraid that this would allow hackers to target their wallets with crypto stored in them. After Ledger saw a massive outflow of customers, the company put the upgrade on pause.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at