Dogecoin is a cryptocurrency that was originally based on Litecoin. It is named after the popular internet meme Doge and has grown to become the fifth largest cryptocurrency in the world. So huge is its popularity that today, in 2021, its value has grown by about 5,000% with Tesla CEO, Elon Musk, being one of DOGE’s main boosters.
It has developed quickly an online community that has helped and continues to help raise money for a lot of humanitarian and special interest projects. Before you set your mind on going on a cryptocurrency adventure, you have to make sure that you install the Dogecoin Wallet and get started. We have written a review on some of the best dogecoin wallets and their features in case there might be one that you want to store your coins in.
What should you look for in a Dogecoin wallet?
- DOGE support. Before you start looking into a wallet’s features you have to first check the fine print to make sure that it is actually compatible with DOGE.
- Ease of use. If you are a new person to these digital currencies or simply not all that good with technology, look for a wallet that is designed with beginners in mind. A simple user interface can make it a whole lot easier and less stressful to manage your coins.
- Security. You have to find out what security features the wallet offers. For example if it offer hot or cold storage. If it includes 2-factor authentication and or multi-sig functionality and also if there ever been any security breaches reported in the media.
- Backup and restore. You have to find out if it is easy to make a backup of the wallet and then restore it if needed to make sure that you do not lose any coins if something goes wrong.
- Ongoing development. Research the development team behind the wallet to see if they are constantly working to upgrade and improve the wallet’s features and functionality.
- Customer support. If you ever have a problem with your wallet or a particular transaction, you have to find out how to contact customer support. You should check out the contact options available and research whether the wallet provider has a good reputation for quickly answering calls for help.
- Positive reviews. You should not just trust the marketing spiel from a wallet provider. Check out independent online reviews from other users to find out their views on a wallet’s advantages and disadvantages and other things you might need to know.
Best Dogecoin wallets
Here are some of the dogecoin wallets that you might want to give a try.
This is one of the most popular cold wallets on the market. It can be argued that it is the most popular cold wallet. This is considered true as it concerns Dogecoin and many other cryptos too. When you are looking for the best Dogecoin wallet you should be concerned with the security of your DOGE coins. The Nano X is a perfect choice as it offers unprecedented levels of security. As you set up your Nano X you will be asked to create a PIN code that you will have to enter every time that you will want to access your digital assets. The will be accompanied by a 24-word recovery seed that you will use if you forget your PIN and you will still be able to recover your Dogecoins with this seed, thankfully. This Ledger can be used on either your desktop or your mobile device and you can store your Bitcoin, Ethereum, Bitcoin Cash and other coins when you purchase it at $119.
Trezor is a major cold wallet brands in the cryptocurrency world. The company’s products can be constantly found on lists of the best cryptocurrency wallets. You will be pleased to hear that these can be considered among the best Dogecoin wallets. The Trezor wallet features a few distinct aspects that anyone that appreciates DOGE will love. It might not be a direct benefit for Dogecoin holders but it is worth highlighting that the Model T supports a very wide range of altcoins and crypto tokens. If you are one crypto enthusiast you will find it very conveniant for you to have the ability to hold most of your coins in one wallet. A Trezor Model T is a hardware wallet convenient for mobile devices and desktops and goes for $179. Users are allowed to store Ethereum, USD coins, Litecoin, Bitcoin and more.
As many might by now know that Ledger is a hardware cryptocurrency wallet company. There is the Nano X model that offers to the general public the most frequent contender on the lists of the best Dogecoin wallet. The brand also has another wallet on offer for its customers which is the Ledger Nano S. This is the flagship hardware wallet from Ledger. It goes for $59 and is offline hardware for desktop and mobile devices. Some of the coins it supports include Bitcoin, Bitcoin Cash, Ethereum, Litecoin and more.
Trezor One is noted to be the older version of one of the leading hardware wallets in the crypto industry which the Model T. Both of these models have found their way onto the list of the best Dogecoin wallets. The fact that the Trezor One is the older wallet and there is a new version available, it does not mean that it is obsolete. The Trezor One model still has a specific group of crypto enthusiasts that it caters for. In some true Trezor fashion you can expect this option of the best wallet for Dogecoin to be very secure. It comes with advanced PIN code functionality which prevents your DOGE coins from being stolen by a keylogger or some other malware that may be present on your computer. This is an offline hardware for desktop and mobile devices that goes for $60 and above. With this wallet you can store Ethereum, Bitcoin, Bitcoin Cash, USD coin, Dash, Litecoin and more.
KeepKey is a common name in the hardware crypto wallet industry. It is not as popular as a Ledger or Trezor device but definitely still has a pretty solid place and use case. It is a cold wallet and a hardware device that you would prefer to use to store your Dogecoins in. It is meant for both desktop and mobile devices as well going for $49. In this wallet you can store you Dash, Doge, Ethereum, Bitcoin, Bitcoin Cash and Litecoin.
Binance is one of the most popular crypto exchange platforms there is. Binance is a hot wallet when DOGE storage is concerned. You will store your coins on your Binance account and it will act as a wallet. When you choose Binance you will be able to store your Tether, Ethereum, Doge, EOS, Bitcoin, Chiliz and more. You can be able to use this wallet on any mobile device.
Kraken is a cryptocurrency exchange platform. You can trade and exchange various cryptos on the site. Kraken can however perfectly act as an online Dogecoin wallet as well as being an exchange. The way this works is pretty simple as you will have two big choices either when you already own some Dogecoins or where you still do not have any DOGE but you still have to decide the one you want to invest in. If you already have some Dogecoins at your disposal you can easily transfer them to your Kraken account depending on where you will be. You can store your Dash, Litecoin and more in this type of wallet on any mobile device.
How to choose the best DOGE wallet
When choosing a doge wallet you have to:
- check its properties
- check its cost
- check the coins it supports
How to get a Dogecoin wallet
To get a Dogecoin wallet you can go to your Play Store or your Apple Store then you install the Dogecoin App. After installing that app you will then be given a list of wallets that you will be able to choose from.
How to keep your coins safe
If you want to keep your coins safe in a Dogecoin account you have to make sure first of all that the wallet that you would have chosen is secure enough for your money. You also have to make sure that the wallet that you would have chosen has the following security features; pin code lock, 2 factor authentication, fingerprint login and also email confirmation for each transaction you make in case someone else tries to steal your money.
The above review was meant to tell you a little bit about the purpose of a Dogecoin wallet, some of the Dogecoin wallets and some of which we are recommending to you. There different types of crypto wallets and these include online, software, mobile, full node and hardware. All these have their own advantages and they all offer you with different things. From the list that has been provided for you with all the different features each wallet comes with, you surely have to make sure that you give even one a chance when you decide to go on your cryptocurrency advanture.