Gather all your ingredients and ensure your workspace is clean and organized. Measure out the shredded coconut, sweetened condensed milk (or homemade coconut milk), honey, and vanilla.
In a mixing bowl, combine the shredded coconut, sweetened condensed milk, honey, and vanilla. Stir until well combined. The mixture should be sticky yet easy to mold.
Using your hands, scoop out a tablespoon of the coconut mixture and roll it into a ball. Place the balls on a baking sheet lined with parchment paper. Repeat until all the mixture is used, spacing evenly.
Refrigerate the coconut balls for about 30 minutes to firm up, making them easier to coat in chocolate.
Melt your chocolate using a double boiler or microwave-safe bowl. If using a microwave, heat in 30-second intervals, stirring in between until smooth.
Once the coconut balls are firm, dip each one into the melted chocolate, ensuring they are fully coated. Use a fork to lift them out, allowing excess chocolate to drip off before placing them back on the baking sheet.
Allow the chocolate-coated coconut balls to set at room temperature or place them in the fridge for quicker results. Once the chocolate is firm, they’re ready to enjoy!