We review 5 of the best wallets for securely storing and managing Dogecoin.
Launched in 2013 as something of a joke, Dogecoin (DOGE) was an instant success and gained widespread popularity in the crypto community. However, this peer-to-peer digital currency was far from a flash in the pan and in March 2018, it still sat in the top 50 of the world’s cryptocurrencies by market cap.
If you want to buy Dogecoin, you’ll need to find a safe and secure wallet where you can store your coins. But, with a wide range of wallets to choose from, including official desktop and smartphone options, choosing the wallet that’s right for you can seem like a daunting task.
Read on for reviews of five of the best Dogecoin wallets available today.
Best wallets for Dogecoin
What to look for in a Dogecoin wallet
When searching for the best DOGE wallet for your needs, remember to keep an eye out for the following features:
- DOGE support. Before looking into a wallet’s features, check the fine print to make sure it’s actually compatible with DOGE.
- Ease of use. If you’re new to digital currencies or simply not all that good with technology, look for a wallet that’s designed with beginners in mind. A simple user interface can make it a whole lot easier and less stressful to manage your coins.
- Security. What security features does the wallet offer? For example, does it offer hot or cold storage? Does it include 2-factor authentication and/or multi-sig functionality? Have there ever been any security breaches reported in the media?
- Backup and restore. Is it easy to make a backup of the wallet and then restore it if needed, ensuring that you don’t 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, how will you be able to contact customer support? Check out the contact options available and research whether the wallet provider has a good reputation for quickly answering calls for help.
- Positive reviews. Don’t 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 pros and cons, and whether they would recommend it to new users.
5 wallets for holding Dogecoin (DOGE)
Ledger Nano S (hardware wallet)
- Storing multiple cryptocurrencies, good security features, simple and straightforward to use
This small USB device stores your private keys in a secure element protected by a PIN, and it also features an easy back-up and restore feature along with support for 2-factor authentication. There’s a built-in OLED display that, along with buttons on the device that need to be physically pressed, can be used to manually verify transactions.
The main drawback of this handy little device is the cost. At around $94 at the time of this writing on 3/12/18, it may be out of reach for some users.
KeepKey (hardware wallet)
- Security, can store multiple cryptocurrencies
As it’s a hierarchical deterministic (HD) wallet, the KeepKey allows you to generate and store an unlimited number of private keys. The device is PIN protected and features a large display for tracking transactions.
All transactions need to be manually confirmed using a button on the device. You can exchange between assets directly on your KeepKey using ShapeShift, and your wallet works on PC, Mac, Linux and Android operating systems.
However, you’ll need to fork out more than $181 for the KeepKey, which makes it more expensive than the Nano S and not an ideal option for some DOGE holders.
Jaxx (desktop and mobile wallet)
- Storing multiple coins and tokens, accessible on wide range of devices, simple user interface
- Some security concerns
It’s also worth a look if you want the convenience of multi-platform access. You can use Jaxx on your desktop (Windows, Mac and Linux operating systems), mobile (Android and iOS devices) and through a Chrome browser extension.
The main downside of Jaxx is that it isn’t immune to security concerns. The June 2017 news of a $400,000 crypto theft due to a Jaxx wallet “vulnerability” reinforces the importance of maximizing security when managing your cryptocurrency coins.
Read more in our full review of Jaxx
Storing DOGE in an exchange walletIn addition to the above options, you may also want to consider storing your DOGE coins in an exchange wallet. While this is a quick and convenient option for anyone who needs easy access to their funds, such as for future trades, it’s generally not recommended.
This is due to the fact that you can’t retain full control of your wallet’s private keys, which means you don’t have full control of your funds. It’s also worth noting that cryptocurrency exchanges are a popular target for hackers looking to get their hands on other people’s coins, so the safest way to store your holdings is to move them into a private wallet.
Coinomi (mobile wallet)
- Storing multiple cryptocurrencies, easy to use, HD wallet, built-in ShapeShift exchange
- iOS app still being developed
An HD wallet, Coinomi is fast to set up and allows you to store your private keys on your device.
You can start sending and receiving payments in just a few simple steps, and there’s an in-built ShapeShift exchange for extra functionality.
You also don’t have to go through any Know Your Customer (KYC) bureaucracy to manage your funds, which is an important feature for anyone who values their anonymity. Unfortunately, there’s not yet an app available for iPhone users. However, the iOS app was in beta testing at the time of this writing.
Dogecoin Wallet (desktop and mobile wallet)
- Official wallet for DOGE, available on multiple devices, easy to use
- No iOS app, can’t store multiple cryptocurrencies
The wallet is simple to set up and use, and the synchronization process takes between one and five minutes to complete. It’s not the prettiest user interface going around, but it’s easy to navigate and understand right from the get-go.
Tips for securely storing your DOGE
Keep the following tips in mind to help ensure the safe storage of DOGE and any other crypto coins or tokens:
- Research your options. Before choosing a wallet to store your DOGE, make sure you’ve thoroughly researched what it has to offer. Is it backed by a reputable provider? What security features does it include? Has it ever been hacked? Considering these questions will help you find a safe and secure storage option.
- Go offline. Cold storage is widely considered to be the safest way to store cryptocurrency. With this in mind, if you’re holding a large balance, consider leaving a small number of coins/tokens in an easily accessible wallet (if needed), and move the rest into offline storage, for example, a hardware wallet.
- Set a strong password. Don’t be lazy when setting up a password for your wallet or any other cryptocurrency account; use multiple letters, numbers and other characters to make it virtually impossible to crack.
- Protect your privacy. The only way to access your DOGE is with your private key, so make sure you store all crypto private keys in a secure place and never share them with anyone else.
- Protect your devices. Install the latest antivirus and anti-malware software on all devices that you will use to access your crypto wallet.
- Make a backup. Ensure that your wallet is backed up so that you can successfully recover your funds if something goes wrong.
- Make use of all available protections. Familiarize yourself with all the security features your wallet offers, like 2-factor authentication and the ability to create a secure PIN, and make use of all protective measures available.
At the time of writing, the author holds IOTA and XLM.