Dogecoin (DOGE) is a legendary cryptocurrency named after the popular internet meme doge – an image of the Shiba Inu, a Japanese hunting dog. In the new StealthEX article, you will discover everything you need to know about the best crypto wallet for Dogecoin. Moreover, we will also guide you on how to buy DOGE coins easily, securely, and fast. Hurry up and start reading!
Dogecoin has always generated a lot of excitement. In particular, the coin is known for being the subject of attention of the head of Tesla, Elon Musk. He always appears in the fresh cryptocurrency Dogecoin news.
In May 2021, a team of four main Dogecoin developers revealed that they have been collaborating with Elon Musk since 2019. One of his initiatives was to increase transaction throughput. Later, in July 2021, Musk once again mentioned Dogecoin in response to a user comment about the possibilities of electric vehicles. The tweet influenced the price of the altcoin: the DOGE rate increased by 2%, but soon returned to its previous values.
In August, Elon Musk supported Mark Cuban, owner of the Dallas Mavericks NBA club, in introducing discounts on the sale of club goods for those who would pay in Dogecoin, after which the price of DOGE crypto increased by 17%. At the time of writing, the DOGE price is $0.2022
How Many Dogecoins Are There?
As of September 24, 2021, the circulating supply of Dogecoin crypto is 131,419,507,714 DOGE.
How Much Dogecoin Does Elon Musk Own?
Some people suggest that Musk is the mysterious “whale” who holds over 36 billion DOGE – more than 28% of the total circulation.
What Is The Best Crypto Wallet For Dogecoin?
If you also want to invest in Dogecoin crypto, then it would be nice to figure out where to store DOGE coin.
How To Get Dogecoin Wallet?
The official Doge wallet is presented on the dogecoin.com project website. It can be installed on a computer and mobile phone, but only on Android. The Dogecoin Core wallet is the biggest dogecoin wallet. It is open-source and allows you to own private keys. For synchronization, you will need to download all blockchain networks. It is a reliable and secure local wallet for storing DOGE and conducting financial transactions with a coin.
The official Dogecoin Core is a good Dogecoin wallet that is very easy to use. It deploys code from Bitcoin Core, so they are functionally similar.
MultiDoge Wallet From the Official Developers
MultiDoge Wallet is the official open-source wallet from the developers of the project. And if Dogecoin Core is “heavy” or “thick”, then MultiDoge is the “light” version. Synchronization occurs with remote servers, so there is no need to download all network blocks. You can work right after launch.
MultiDoge has less functionality than Dogecoin Core. But the most important functions are present – receiving and sending cryptocurrency.
Local Wallets for Dogecoin Cryptocurrency
DOGE local wallets are installed on a computer and are more reliable storage methods compared to online services. In most cases, private keys are created locally on the device, so the Dogecoin wallet holders have control over them, which means over the crypto coins. One of the most popular local wallets is JAXX Wallet. It is available not only for installation on a computer but as a mobile application (Android, iOS) and an extension for the Chrome browser.
Best Dogecoin Online Wallet
Even simpler, but less secure online Doge wallets are great for transactions, but for long-term storage of Dogecoin, it is better to use local or hardware devices. One of the best online wallets is Dogechain from Block io. It allows you to save the private key, which is important. Such online wallets as Guarda Wallet, CoinPayments Wallet, Holy Transaction, Block.io Wallet, and CoinVault are also worth attention.
DOGE Hardware Wallets
Hardware wallets are the most secure against hacking. But they are paid, so it is worth buying them if you need to store a large amount of cryptocurrency for a long time or conduct daily transactions with them.
All hardware wallets are multicurrency and allow you to store not only Dogecoin but all major crypto coins. The most popular companies that produce them are Ledger Nano, Trezor, and Keepkey.
The Ledger Nano S is worth looking at. Its price is 99 euros. It is delivered to any country in the world within 2-3 weeks. There is no shipping fee.
Dogecoin Paper Wallets
On the WalletGenerator website, you can create a paper wallet. This will generate a private key and address. The data obtained should be printed and saved. You can transfer cryptocurrency to the address, but to do the reverse operation, the private key must be imported into any other wallet. Paper wallets are referred to as cold storage, they provide good protection against theft of funds.
The private key is generated locally on the device, so you need to check it for viruses, Trojans, etc. To start the process you need to move the mouse in a chaotic order or enter random numbers in the form window.
The first time a private key will be generated for Bitcoin. Then you need to select Dogecoin from the drop-down list and repeat the procedure. The public address starts with “D”, and you need to transfer coins to it. You can use tabs and create not one, but several wallets or a paper wallet for printing.
Dogecoin Mobile Apps
Mobile apps allow you to manage cryptocurrency using your phone. One of the most reliable mobile wallets is Coinomi. You can install it on Android or iOS. Download links are available on the official Coinomi website or in the app store by name.
Other mobile apps for Dogecoin include Doge Android Wallet, Trust Wallet, Infinito, Guarda, CoinPayments, Dogecoin Core, Atomic Wallet, Exodus and Jaxx.
Is Dogecoin A Good Investment In 2021?
The fact that Dogecoin has a strong user base and community support indicates that its price can reach new highs. Will dogecoin reach $10? It seems unlikely, but according to some analysts, the Dogecoin price may hit a high of $0.95 by the end of 2021.
Now that we have figured out where to store Dogecoin, the question arises, where to invest in Dogecoin, and which service to choose if you want to buy or sell a token. The best place to buy cryptocurrency is StealthEX – an instant cryptocurrency exchange for limitless swaps. Its service is free from registration and does not store user’s funds on the platform.
How To Buy DOGE Coin?
Just go to StealthEX and follow these easy steps:
- Choose the pair and the amount for your exchange. For example, BTC to DOGE.
- Press the “Start exchange” button.
- Provide the recipient address to which the coins will be transferred.
- Move your cryptocurrency for the exchange.
- Receive your coins!
The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.
You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.