Much DOGE, need wallet!
Despite being launched as a memecoin, the allure of Dogecoin still captivates the crypto community and is one of the reasons that it still maintains such a high market cap ranking.
If you have decided to join the trend, you are going to need some safe and secure ways to store that meme internet gold. Given the rise in the popularity of Dogecoin, there are now a number of different storage options and wallets with DOGE support.
In this post, we will analyse the best Dogecoin wallets currently available. This will include a selection of desktop, mobile and hardware wallets. We will also take a look at how you can set up secure cold storage with a rudimentary yet secure paper wallet option.
Before we can dig into the list of Dogecoin wallets, it is important to point out our criteria for the selection of the top wallets. We base it on factors such as the wallet security, ongoing support, user friendliness, cost and general community feedback.
This is not a completely exhaustive list and there may be some wallets that we have not covered. If you are to use any other wallet though, make sure that it has been verified by the community and that it has received general security audits.
Offline storage is widely considered the safest and most secure way to store your cryptocurrencies. One offline storage method is a hardware wallet, and one of the top hardware wallets is the Ledger Nano S. The reason it is one of the top choices is the wide array of security features baked into the device to keep your coins as safe as possible and out of the reach of hackers.
The Ledger Nano S looks like a small USB device, with one key difference in that it sports a built-in OLED display that is used in conjunction with small buttons on the device to confirm and manually verify transactions. The Ledger features secure PIN storage of your private keys and an easy to use backup and restore feature, as well as 2-factor authentication.
The device not only stores your Dogecoin private keys, but it supports the storage of more than 700 different cryptocurrencies. So, you can probably store nearly all your holdings on the Ledger, keeping everything safe and secure.
The only downside to the Ledger Nano S is that it isn’t free, and as of November 2018 it will cost you $99, which we think is well worth it considering the added security you get with a hardware wallet.
A slightly cheaper hardware wallet at €83 is the Trezor One. This is a hardware wallet that is developed by Satoshilabs which is a company that is based in the Czech republic. Together with Ledger, Trezor is one of the most trusted hardware wallets. Apart from the wallet’s support for Dogecoin, it supports another 700 tokens.
Like the Ledger Nano, the private keys to your Dogecoin wallet are kept on your device and make it really hard for any hackers to get their hands on it through online connections. It interacts with the Trezor Bridge which facilitates a connection between your Trezor device and your browser. Below is a screenshot with the Dogecoin Trezor UI.
While the Trezor Model One is the entry level wallet, SatoshiLabs has also developed a more expensive version called the Model T. This retails for €180 and unlike the Trezor One, it has a color touch screen. This makes it easier to interact with the wallet without having to manually enter inputs digit by digit.
In terms of coin coverage, the model T supports a few more coins and has support for cryptocurrencies such as Ripple (XRP), Monero (XMR) and a few other non-ERC20 coins. However, they have the same security and bare functionality so if you don’t intend holding these coins, the Trezor One could suffice.
If you’re really interested in Dogecoin then the best way to store your coins is in the official Dogecoin wallet. The desktop version of the wallet comes in both a core wallet that downloads the entire blockchain and helps to secure the network, as well as a lite version called MultiDoge suitable for simply storing and transferring Dogecoin, and a mobile version for Android devices.
The desktop versions, both Core and Lite, are available for Windows, OSX and Linux. One caveat is that the lite version cannot be used for mining, so if you’re interested in mining Dogecoin you’ll need the core version.
The official Dogecoin wallet isn’t the prettiest you’ll see, but it is quick and easy to setup and use. The synchronization process isn’t extremely long, especially if you use the lite version, and you’ll find the interface is easy to understand and navigate.
The downside to the official Dogecoin wallets is the lack of support or iOS and the fact that it’s a Dogecoin only wallet, so if you have other coins you’ll also need another wallet.
For ease of use some people prefer online wallets that can be accessed from any browser. We don’t recommend this type of wallet due to security issues, but if you’re only dealing with small amounts of DOGE the Dogechain wallet is a solid choice for an online wallet.
The good news is that this wallet encrypts everything, and your wallet information is never accessed by Dogechain. The encrypted files are stored in the cloud, not on the DogeChain servers, so even if a nuclear strike took out all the Dogechain servers at once you’d still be able to access your coins.
It’s a simple solution, and works especially well if you’re a frequent traveler who might need access to your Dogecoin wallet from various locations and various computers.
Jaxx is a multi-coin wallet with both desktop and mobile options, and it’s another good choice for anyone looking to securely store their Dogecoins. It was recently updated and is now called Jaxx Liberty, and it can store more than 85 different cryptocurrencies, with more being added all the time.
Having been launched in 2014, the Jaxx wallet has been downloaded millions of times, and it’s a top choice for many cryptocurrency enthusiasts thanks to the wide range of coins it can store, and because the Jaxx team continues to improve the wallet.
— Jaxx Liberty (@jaxx_io) May 13, 2017
The desktop version of Jaxx Liberty can be downloaded for Windows, OSX and Linux. The mobile version supports both Android and iOS devices, and there’s even a Google Chrome extension for using the wallet online. And you can synch and pair your wallet across all these devices. That’s convenience.
The user interface is very intuitive and user friendly, and it allows you to retain control of your private keys. Even those who’ve never used a cryptocurrency wallet previously should have no problem in learning how to manage their DOGE using the Jaxx wallet. And Jaxx also makes exchanging your coins a breeze with built in ShapeShift integration.
A school method for secure storage of your cryptocurrencies is with a physical paper wallet. While it isn’t mentioned anymore as much as it used to be, paper wallets are still a very good choice if security is one of your top concerns.
A paper wallet is nothing more than your private keys being printed on a piece of paper. Paper wallet generators often print QR codes as well to make transferring coins easier. But the main attraction of a paper wallet is that it isn’t connected to the internet, meaning there is no way for a hacker to steal your coins.
Of course the paper wallet itself is still vulnerable to theft or destruction, so it is imperative to keep your paper wallet safe once it’s been generated. Many people use a safe or a bank safe deposit box to safely store their paper wallets. And many people also recommend keeping a copy of the paper wallet in several safe locations in case one is destroyed.
One of the most popular paper wallet generators is WalletGenerator.net, which not only supports creating Dogecoin paper wallets, but can also be used to create paper wallets for 196 other cryptocurrencies.
It is also advisable that if you are using a paper wallet generator like this for your Dogecoin wallet that you use it offline. You can download the website files and then generate the wallet manually in an offline environment which is no doubt much more secure than using it while connected to the internet.
What Dogecoin wallet you do decide to use really comes down to your own personal preferences.
If you are looking for a cheap and quick way to send / receive coins then either the official Dogecoin wallet could work for you. Alternatively, if you are looking for more secure cold storage options for a larger stash of DOGE then you may want to consider a hardware or paper wallet.
Remember that when storing cryptocurrencies security should be your top concern. It is all too easy to lose your coins to hackers, to incorrectly typing an address, or to simply forgetting your passphrase. Always take all security precautions and use the most secure storage for your cryptocurrencies.
The post Best Dogecoin Wallets: Safest Places to Store Your DOGE appeared first on Coin Bureau.