Line a baking tray with parchment paper
In a large bow, combine the shredded coconut and sweetened condensed milk until it clings together and forms a large dough-like ball
Form your coconut balls and place onto the wax paper-lined tray
Place tray into the refrigerator for about 30 minutes
Melt your chocolate. Combine coconut oil and chocolate chips in a microwave bowl. Microwave in 30-second increments until fully melted.
Using a fork or spoon, submerge every coconut ball in the melted chocolate until fully coated, then place back onto tray.
Place tray in the refrigerator for another 20 -30 minutes until the chocolate has hardened.
Dip the chocolate-covered coconut balls back into the melted chocolate to give it a second coating. This results in a thicker, prettier coating, but is optional.
Chill again until the chocolate coating has hardened.