Inspired by the viral Doge meme, Dogecoin is a cryptocurrency that was launched as a joke on 6th December 2013. However, the cryptocurrency was quick to gain popularity, and by January 2014, its market cap swelled to $60 million. If you are new to Dogecoin, then you are in the right place. Read on to gain a quick insight into the way to use, store, and exchange Dogecoin currency with the help of Dogecoin wallets.
How to Store Dogecoin?
The safest and most popular way of storing Dogecoin is the Dogecoin wallet. The wallet can be desktop, hardware, or mobile wallets. It consists of a set of private keys that allows the owner to gain access to the currency in the wallet. The desktop version is more secure as it is not connected to the internet. The desktop-based wallet is accessible only through the personal computer of the cryptocurrency holder with the help of private keys stored in the same computer. The most secure way of storing Dogecoin is the use of the hardware wallet. The hardware wallet ensures complete anonymity of transactions and is also highly resilient to malware attacks. If you are seeking to store your Dogecoin stash, then check out the top Dogecoin wallets described here.
List of Wallets That Support Dogecoin
1. Dogecoin Wallet (Online Wallet)
The Dogecoin Wallet can be accessed through any browser. As long as it’s not the only way you’re storing coins, it’s safe and easy to use. The wallet ensures absolute encryption of the wallet information; the encrypted data is stored directly at the cloud and not at the DogeChain servers.
2. Ledger Nano S Hardware Wallet
The Ledger Nano S has an offline storage facility for the Dogecoin stash. It comes with a wide range of security features. It resembles a small USB device with a built-in OLED display. There are small buttons on the wallet for the manual confirmation of transactions. Ledger Nano S allows the user to store over 700 different types of cryptocurrencies, including Dogecoin.
3. Official Dogecoin Wallet
One of the best ways to store Dogecoin is to use the desktop-based Official Dogecoin Wallet. You can use the MultiDoge wallet or go for the original desktop version that downloads the whole Blockchain into the system. However, if you are interested in Dogecoin mining, then you need to opt for the Core wallet. The interface of the wallet is user-friendly, but it cannot be used to store other cryptocurrencies.
4. Dogecoin Paper Wallet
The Dogecoin paper wallet consists of a piece of paper that has the private key information printed on it. The wallet is very secure as it is not connected to the internet and is, therefore, completely hacker-proof.
5. Trezor One Hardware Wallet
Developed by SatoshiLabs, Trezor One Hardware Wallet is cheap and one of the most trustworthy hardware wallets. Trezor One supports the storage and exchange of more than 700 cryptocurrencies, including Dogecoin. The private keys of the Trezor One Hardware Wallet are stored in an offline mode at the device out of the reach of hackers. One can also go for Model T, the expensive version of Trezor One Hardware Wallet that offers more sophisticated security and also supports the storage of both cryptocurrency coins and cryptocurrencies.
6. Jaxx Wallet
Jaxx Wallet is a multi-coin form of a wallet that comes in desktop and mobile-based versions. The latest version, Jaxx Liberty, allows the storage of more than 85 different cryptocurrencies, including Dogecoins. The interface is user-friendly and comes with Holdings and News modules, and Jaxx Wallet’s ShapeShift integration feature makes the trading process faster and convenient.
Which is the best wallet to store Dogecoin?
When it comes to storing your Dogecoin stash, Ledger Nano S is the best choice. It ensures safe digital payments and secure storage of Dogecoin and other cryptocurrencies. The hardware wallet is powered by the robust BOLOS technology that consists of a distinct and exclusive operative system developed by Ledger. The BOLOS technology aids in the creation of a protective shield around every app of the device so that no app can get access to the Dogecoin wallet data, thereby maintaining top-notch security.
If you have joined the growing Dogecoin community, then it is time to get down to business, and the best place to start is to select the right wallet. It is advised to go for a wallet that offers tight security as maintaining strict confidentiality of storage and exchange information is of the utmost importance. If you seek a wallet for a quick exchange, then go for the inexpensive online wallets that are fairly secure. If you own a substantial amount of Dogecoin, then consider using a paper or hardware Dogecoin wallet. Go ahead and join the Dogecoin communities on social media and thrive successfully in the Dogecoin market. If you want to know more about Dogecoin and want to invest in it, then you must know about its current price & Dogecoin Prediction future.