- Cold storage security
- Easy user interface
- Multi-coin support
- Long standing reputation
- Only accessible via computer
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Cryptocurrency wallets are perhaps the most important piece of software to keep your funds safe. When choosing a Dogecoin wallet, it’s important to keep in mind several security features. Given you are holding DOGE or buying DOGE, always use a wallet that is compatible with the token, otherwise you risk losing your funds by sending them to a wallet that doesn´t support Dogecoin. If you are a beginner, look for easy interfaces and something to make the initial steps into crypto easier. It can be a complex world, so choose options that simplify the experience.
Security should be a main factor when researching which DOGE wallet is best for you. Always look for non-custodial options, where you are in control of your keys. Check to see if it is hot or cold storage and include 2-factor authentication or multi-signature technology where possible. Accompany that security check with a backup of your wallet. Review that you can easily recover access to the wallet in case anything goes wrong. And an important yet commonly overlooked feature is positive reviews. Check out independent online reviews from other users and gauge the experience that others have had.
Hardware wallets and offline storage are the safest choice for storing cryptocurrencies. If you are serious about buying, holding and transferring Dogecoin, the Trezor is an excellent option. It has an easy-to-use interface, supports multiple tokens and is one of the oldest wallets on the market. It uses 2-factor authentication and allows you to stay in control of your private keys, providing top-of-the-line security measures.
Jaxx’s wallet provides an excellent multi-coin desktop wallet option for beginners. Its simple and easy-to-use interface is ideal for those just getting involved in crypto. It also offers a mobile version, along with Mac, Linux and Windows operating systems. This non-custodial wallet also provides a Chrome extension, offering every user an option.
Coinomi is one of the most popular mobile wallets on the market. It supports over 1,000 cryptocurrencies and has built a reputation for being easy to use, non-custodial and focusing on anonymity. It is fast to set up, uses a special type of technology called hierarchical deterministic (HD) technology for increased security and allows you to store your private keys on your device.
KeepKey is a hardware wallet that specialises in security. It also uses HD technology, which users can think of as a computer designed specifically for storing private keys. It has dropped its cost recently, making it more affordable for users looking for one of the top wallets in matters of security.
Among all possible options, hardware wallets are considered best practices for storing cryptocurrencies. Although there are excellent options for storing Dogecoin in the short, medium, or longer timeframe, the Ledger Nano S is our top choice. It’s beginner friendly user interface, multi-coin support and desktop or mobile apps make it a popular choice for both veterans and beginners. It uses the highest grade security, offering both 2-factor authentication and private ownership of keys, meaning your funds are always safely stored offline. The Ledger Nano S lives up to its reputation, and makes for a superb wallet for users of all levels.
Our reader is considering getting a dogecoin wallet and wants additional information to help them make their decision. This should be as beginner friendly as possible. For this, we’re trying to limit how technical the article is in order not to scare new readers.
We want to help provide our readers with additional, objective information to help them make a decision about the best dogecoin wallet.
Keep the following tips in mind to help ensure the safe storage of DOGE and any other crypto coins or tokens:
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