Best Dogecoin Wallets in 2023

Dogecoin (DOGE) is a meme coin that was created in 2013 to poke fun at the speculative nature of cryptocurrencies. The digital currency has since become tremendously popular with DOGE now becoming the third most adopted crypto in the US after Bitcoin and Ethereum.

Most crypto platforms will provide you with a wallet for free when you register for an account to buy digital currency. Although, if you want to store your DOGE in a wallet that no company has access to then a private Dogecoin wallet is also an option.

In this guide, we will be covering all the different types of wallets for Dogecoin so you can decide on the one that suits your needs best.

What Types of Dogecoin Wallets Are There?

When it comes to buy Dogecoin, there are various wallets to choose from depending on your level of experience. Those provided by crypto platforms (brokers and exchanges) are typically the most beginner-friendly options.

Private wallets require slightly more technical knowledge but come with additional features. For example, many wallets now enable users to earn interest in their crypto holdings through a process called staking. Those who wish to store non-fungible tokens (NFTs) will also require a private wallet to buy Dogecoin, store and send these crypto assets.

These features, however, do not apply to Dogecoin as its blockchain does not support this functionality.

When you set up a private Dogecoin wallet, you will be presented with two cryptographic keys that consist of a string of letters and numbers.

One string is known as the public key, public address, or Dogecoin wallet address and this can be shared with other users when you want to receive assets.

The other string is known as the private key and serves as the password to your crypto assets. Do not share this code on any website or with any person, even if they claim to be customer service.

Wallets that give you to access the private keys are known as non-custodial wallets as only you have access to the assets.

When a wallet’s private keys are held by a third-party such as an exchange, then it is known as a custodial wallet since the company has full control and the user can just send and receive assets from the wallet.

When you buy crypto, the assets stored in this type of Dogecoin wallet are at the risk of being seized if the company goes bankrupt and can be stolen if the exchange gets hacked. This would not be the case for non-custodial wallets as only the owner has access to the funds.

Hot Wallets - Best For Beginners

There are various types of Dogecoin wallets but they can all be classified into two distinct groups: Hot and Cold wallets.

A hot wallet is a Dogecoin wallet that is always connected to the internet. Some examples include:

• Desktop & laptop software applications

• Web browser extensions

• Smartphone applications

• Wallets provided by exchanges/brokerage platforms

You can, for example, set up the Doge Wallet on your mobile device to keep DOGE always with you and use it on the go.

Cold Wallets - Best For More Experienced Users

A cold wallet on the other hand is not connected to the internet which means there is a lower risk of it being compromised or hacked by online attackers. Examples of cold wallets include:

• Paper Wallets

• Hardware Wallets

Cold wallets are typically used for larger amounts of money and long-term holdings.

Top Hot & Cold Dogecoin Wallets

Best Dogecoin Wallets Overall

The table below contains a list of the top wallets overall for users of all experience levels, starting with the one that beginners prefer.

Here’s a more in-depth look at each Dogecoin wallet:

eToro

Best for Beginners

Buy Dogecoin and store your Dogecoin with eToro Wallet. eToro is a multi-asset trading platform that offers markets for several cryptocurrencies including Dogecoin. The platform provides a secure free Dogecoin wallet for all the cryptos on its platform with security features that include 2-factor authentication, and data encryption.

Coinbase Wallet

Best for More Experienced Users

Coinbase Wallet is a self-custody cryptocurrency wallet that enables users to interact with various blockchains and decentralized platforms.

Ledger

Best for Advanced Users

Ledger wallets are hardware wallets that are used to store private keys offline. They offer an added level of security over software wallets since transactions require physical authorization on the device.

If you’re looking for a more extensive list of Dogecoin wallets then have a look at the section below for rankings by each type.

Best Dogecoin Wallets By Type

Best Software Dogecoin Wallets

Below we have listed a variety of different software wallets, beginning with the most beginner-friendly one to help you make a more informed decision.

Best Hardware Dogecoin Wallets

In this section, we have listed the top hardware wallets on the market that support Dogecoin.

Best Mobile Application Dogecoin Wallets

Here we have listed the top mobile app Dogecoin wallets to help you manage your assets on the go.

Top Free Dogecoin Wallets

Have a look below for the top free Dogecoin wallets on the market.

What to Consider When Choosing A Dogecoin Wallet?

Do Dogecoin Wallets Support NFTs?

Non-fungible tokens (NFTs) are digital assets stored on the blockchain. They can come in many forms including digital art, certificates, music, virtual land, and more. Crypto wallets such as Coinbase Wallet and Trust Wallet support NFTs however NFT assets themselves are not supported on the Dogecoin blockchain. NFTs can only exist on alternative blockchains such as Ethereum, Solana, and Avalanche.

Is Staking Possible With A Dogecoin Wallet?

Staking is the process of “locking up” your tokens for some time and earning interest on your holdings in a similar way to how a bank pays interest on your savings account. Many platforms such as eToro and Coinbase offer this service, however, not for Dogecoin since its blockchain does not support this feature. Staking is only available for a select number of coins such as Ethereum, Cardano, and more.

Can I Use The Same Dogecoin Wallet For Multiple Exchanges?

The same cryptocurrency wallet can be used to send funds to an unlimited number of wallets and exchanges. There are also no restrictions on the number of crypto wallets a user can create.

It is important to double-check and triple-check wallet addresses before making a transfer because the blockchain is immutable and transactions cannot be reversed. The blockchain is decentralized and there is no customer service to help retrieve lost assets.

Fortunately, there are general rules to help you avoid these kinds of mistakes.

For example, a typical Dogecoin wallet address looks like this:

Ethereum addresses always start with ‘0x’, as you can see here:

And Bitcoin addresses typically start with the number ‘1’, as is the case here:

As such, only DOGE can be sent to a Dogecoin wallet address.

Can I Trade On Decentralized Exchanges Using A Dogecoin Wallet?

Decentralized exchanges are commonly built on the Ethereum blockchain and they enable users to trade with other users without any intermediaries. Since Dogecoin is not a smart contract platform, it cannot support this function directly. However, you can trade altcoins on decentralized exchanges using a multi-asset wallet such as Trust Wallet and Coinbase Wallet.

Can I Buy Dogecoin Using A Crypto Wallet?

Many cryptocurrency wallets now allow users to buy Dogecoin directly from the Dogecoin wallet itself. A popular Dogecoin wallet that offers this function includes Trust Wallet. Simply open the app and search for Dogecoin. Click on the buy button and enter your card details to complete the transaction. Once this process is complete, the DOGE coins should appear in your Dogecoin wallet shortly after.

Note: buying through this process may incur additional fees than buying from an exchange.

How Do You Cash Out And Spend Dogecoin From A Dogecoin Wallet?

To cash out your Dogecoin holdings from a crypto wallet, you can follow these steps below:

Top Tips For Dogecoin Wallet Users

• Never enter your seed phrase on a website as it could be a scam/phishing site.

• Double and triple-check crypto wallet address before making a transaction. An incorrect address may lead to a loss of funds forever. Remember, the blockchain is decentralized so customer service cannot help to retrieve your assets.

• Make a copy of your seed phrase / private key and keep it safe in case you forget your password. One of the best ways to keep it safe is to print it out on a piece of paper and store this in a safe place.

• Crypto platform staff will never ask for your seed phrases. If someone does, they may be a scammer so beware.

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