You’ve come to the right spot if you’re seeking the best Dogecoin wallets ever. After being developed as a joke token, Dogecoin made waves in the cryptocurrency industry. There is a good likelihood that the coin will continue to circulate on the crypto market due to its popularity.
To understand what Dogecoin is and how it works, let’s first go over some definitions.
- Also learn about: How to buy Dogecoin
What is Dogecoin?
Dogecoin is a cryptocurrency that has gained popularity over the past few years. Dogecoin is a first-generation cryptocurrency, and is secure to use for cross-border transactions. Dogecoin is also well-known for incorporating the Shiba Inu, a famous meme dog breed in the logo. The project’s designer chose this character as a joke.
Peer-to-peer transactions are at the heart of this coin’s design, just like Bitcoin and Litecoin. When Dogecoin’s value skyrocketed in 2021, it drew considerable media attention. There has also been many other times this blockchain network has garnered media attention.
Doge offers a wide range of advantages to the market. You can send money across borders quickly and securely using this coin, just like you can with Bitcoin. Since the coin’s network has grown significantly over the past few years, more and more businesses are accepting this unique token as payment.
Types of Dogecoin Wallets
You can store the private and public keys in a dogecoin wallet either locally or remotely on the server. As a result, it’s difficult to recommend a single cryptocurrency wallet to satisfy everyone’s requirements. Let’s look at a few wallets and notice how they differ instead.
Hardware Wallets
Unless a payment is necessary, cold wallets (aka. hardware wallets) operate offline. A hardware wallet is a device that stores your private keys externally and connects to your computer via USB to store your cryptocurrency. These wallets are typically easy to use, with a high level of security. In terms of hardware wallets, the Trezor Model T and Trezor One are the best options for Dogecoin.
Mobile Wallets
These don’t have as much functionality as desktop wallets, but their convenience comes from using them anywhere, such as at a retail store. UberPay Wallet, Jaxx, and Coinomi have the greatest Dogecoin mobile wallets available!
Desktop Wallets
You can download and install these programs on your computer for free. Although only one computer may access and utilize them at a time, it could jeopardize the safety of these wallets if your laptop/computer becomes infected with a virus or a hacker attacks. Desktop Dogecoin wallets such as Exodus and Electrum are the best Dogecoin wallets.
Online (Exchange) Wallets
Cryptocurrency exchanges, such as Coinbase, are now offering wallets of their own. You can keep your cryptocurrency directly on the exchange, or download an exchange wallet to store your cryptocurrency and Dogecoin more safely.
Features of the Best Dogecoin Wallets
Make sure to keep an eye out for the following aspects as you seek the best Dogecoin wallets for your specific needs:
- DOGE Support – When considering a wallet’s features, check the fine print to make sure it is genuinely DOGE compatible.
- Ease of Use – If you’re new to digital currencies or don’t know much about them, seek a wallet made for those who aren’t tech-savvy. An easy-to-use interface can make it far less stressful to keep track of your funds.
- Security – What safeguards are built into the wallet? For example, is it possible to store things in hot or cold storage? Are two-factor and multi-signature features included? Has there ever been a breach of security that has been publicized?
- Backup and Restoration – Is it simple to create a backup of your wallet and restore it if something goes wrong so that you don’t lose any coins? It is important to check the wallet’s development team for evidence that they constantly improve its functions and features.
- Customer Support – You’ll need to know how to get in touch with customer service if you ever have an issue with your wallet. The wallet provider should have a solid reputation for rapidly responding to customer service calls. Check out the contact options provided.
- Positive Reviews – Consider the opinions of other users, not just those of the company that provides the wallet, when deciding whether or not a wallet is worth your time and money.
The 6 Best Dogecoin Wallets
Here are the standards by which we evaluated the best Dogecoin wallets available. Our considerations include the security of the wallet, the usability of the wallet, cost, and community input. We may have overlooked a few wallets in compiling this list. Before utilizing a wallet, make sure that it has been confirmed by the community and has undergone a security check.
1. Ledger Nano S
The most secure and safest method of keeping cryptocurrency is offline storage. Offline storage can be achieved via hardware wallets, such as the Ledger Nano S. As a result, people looking for a Dogecoin hardware wallet on a tight budget can consider the Ledger Nano S.
Ledger Nano S hardware wallet provides reliable cryptocurrency security in an easy-to-use form factor in a small and lightweight package. This app, which supports more than 1,000 coins and tokens, makes it simple to send and receive money from your wallet.
If your Ledger Nano S is lost or damaged, you can use the Ledger Nano S’s BIP39 seed phrases to generate a 24-word private key.
Ledger Nano S Pros:
- Save your Doge in the safest way possible (hardware wallet)
- Support for many other cryptocurrencies
- A wide range of languages is supported
- Lightweight
Ledger Nano S Cons:
- This wallet has fewer features than the Ledger Nano X
- Limits the number of apps that you can run simultaneously
2. The Trezor One
The Trezor One hardware wallet costs â¬83, making it a more affordable option. SatoshiLabs, a Czech firm, created this hardware wallet. Hardware wallets such as Trezor and Ledger are highly regarded and widely used. The wallet is capable of holding 1,600 other cryptocurrencies in addition to Dogecoin. Trezor Model One, released in January 2014, is a multi-coin wallet.
It doesn’t matter how old this wallet is; it’s still extremely safe. Even though it lacks a touchscreen and isn’t compatible with as many cryptocurrencies as some other options, the device receives regular software updates. Moreover, it’s a lot less costly than some of the more expensive hardware wallets in the space.
Trezor One Pros:
- Easy-to-use features
- High security
- Small and portable
- Open-source technology
- Includes support for a large number of different cryptocurrencies
Trezor One Cons:
- It can be challenging to maintain a minimal user interface at times
- Demands an initial outlay of cash
3. The Ledger Nano X
There is a new Ledger Nano X hardware wallet. In January 2019, it was formally unveiled and is currently available for purchase at 119,00 euros. It’s the most straightforward option for keeping Bitcoin and other cryptocurrencies offline. A “secure element” was used in the case of Ledger. To increase the safety of your coins, they can now be kept cold and offline. Private keys are used which are stored offline, hence safe from viruses. Unfortunately, there isn’t an open-source project for this wallet. Bluetooth connectivity lets you store more assets on the Nano X than on its less expensive sister, Nano S.
Ledger Nano X Pros:
- It’s easy to use
- High standards of safety and security
- The ability to use infrared technology
- Design with a strong visual impact
Ledger Nano X Cons:
- Costly
- Ledger data was compromised in the past
4. Exodus
This crypto wallet stores and manages digital money in the digital realm. Using Exodus as a Dogecoin wallet is among the best options currently available. Exodus Wallet has been ranked as the top crypto wallet on Finder.com and Bitcoin Exchange Guide websites.
JP Richardson and Daniel Castagnoli founded it in 2015 to store digital currencies securely. The wallet supports the storage of multiple coins. Exodus was originally a PC application, but it has become a popular Android and iOS app.
Dogecoin is one of the cryptocurrencies supported by this wallet. You don’t need to sign up for the wallet to exchange Dogecoin. On the other hand, Simplified Payment Verification is used by Exodus. It doesn’t download the complete blockchain but instead employs a network of servers to track wallet balances.
Exodus Pros:
- An easy-to-use interface
- A large variety of cryptocurrencies are supported
- ShapeShift is integrated with this app
- Excellent customer service
Exodus Cons:
- It’s easy to hack into
- In key regions, there is a lack of security support
- There is no support for crypto-to-fiat trades
5. Dogecoin Wallet
Certain people prefer online wallets that can be accessed using any web browser. The Dogecoin wallet is one of the best Dogecoin wallets if you’re dealing with a small amount of DOGE. Unfortunately, security problems preclude us from endorsing this type of wallet.
As long as your wallet information is encrypted, Dogecoin wallet has no way of knowing what’s in it. Even if a nuclear strike destroyed all DogeChain servers at once, you would still be able to retrieve your money because the encrypted files are stored in the cloud and not on the servers.
An Android app is also available for Windows, Mac, and Linux desktop computers that can manage DOGE safely and securely. Depending on your internet connection speed, the synchronization process takes one to five minutes to complete. This version, most recently updated in September 2020, is the most up-to-date. Towards 2021, here’s a desktop dogecoin wallet that’s simple to use.
6. Atomic Wallet
Atomic Wallet allows customers to buy crypto-assets via the wallet if they do not already own cryptocurrency. To begin trading crypto assets, you must first purchase crypto assets from a third-party exchange and deposit them into the wallet instead of cryptocurrency wallets such as Exodus.
You can trade practically any coin or token using the wallet, as a bonus. This is possible because the wallet is linked to Atomic Swap. Also available are additional exchange connections for further coverage.
Atomic Wallet Pros:
- One of Atomic Wallet’s most prominent characteristics is its ability to work with various currencies and tokens. To buy Dogecoin from the wallet, you can use your bank card
- Many different currencies and tokens are supported by Atomic Swap, which is a huge plus
- Private keys are encrypted and stored on your device
- Taking advantage of it couldn’t be easier
- Everything from Windows to Mac to Android to Linux and iOS are supported
- It is possible to buy cryptocurrency within the wallet
Atomic Wallet Cons:
- The wallet only allows you to buy specific coins
- There is no support for hardware wallets
- Poor support
To Sum It Up
Dogecoin started as a prank, but it has become a major player in the Reddit WSB campaign, donating $100,000 to charity. For now, we don’t have an exact date for the next Dogecoin breakout, but it’s likely to be a massive event. A single tweet from Elon Musk, according to recent experience, may be all it takes to set things in motion.
All of the above wallets are highly recommended for Dogecoin storage, mainly the hardware wallets. Is one of these wallets familiar to you? Was it a positive or negative experience for you? We’d love to hear from you in the comments below.