In a mixing bowl, combine the shredded coconut, powdered sugar, finely chopped nuts, peanut butter, and vanilla extract. Use your hands to mix everything together until well combined and sticky.
Form the mixture into small balls (about 1 inch in diameter) and place them on a parchment-lined baking sheet. Ensure they are evenly spaced apart to allow for easy coating.
Chill the balls in the refrigerator for about 30 minutes to firm up.
Meanwhile, in a microwave-safe bowl, combine the chocolate chips and coconut oil. Microwave in 30-second intervals, stirring in between, until the chocolate is fully melted and smooth.
Remove the chilled coconut balls from the fridge. Using a fork, dip each ball into the melted chocolate, coating it completely. Allow any excess chocolate to drip off.
Return the chocolate-coated balls to the parchment-lined baking sheet.
Once all the balls are coated, place the baking sheet back in the refrigerator for another 30 minutes to let the chocolate set.
For an extra touch, you can drizzle some melted chocolate over the set candies to create a decorative effect.
Once the chocolate is fully hardened, transfer the candies to a serving dish or store them in an airtight container.
Notes
For an extra touch, drizzle melted chocolate over the set candies.