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Best Dogecoin Wallets in 2022

Last updated 10th May 2022
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Dogecoin is now one of the most popular traded assets in the cryptocurrency space. One of the many benefits of crypto trading is the ability to withdraw your funds from an exchange you are using and store it in a personal, external wallet; wallets offer traders an increased degree of ownership and higher levels of security.

Choosing which wallet is best for you can be a daunting task, with so many now available to traders. That’s why we have done the work for you and compiled this complete guide that explores what the best wallets are, what to consider when choosing one and also how to use them.

Here’s Our List of Top Dogecoin Wallets in 2022

With such a wide variety of wallets offering different tools and features it can become difficult to navigate which are the best on the market. Choosing the right wallet for you is an important step in taking ownership of your crypto-based assets in the best possible way you can. So here is our own list of the top Dogecoin wallets available to you:

1
eToro
Minimum Deposit
$200
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
2
Atani
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Popular among traders
Fast system for trading
Popular for beginners
3
Coinmama
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Easy to use tool
High profit potential
Offers Phone Support
4
Coinbase
Minimum Deposit
$50
Exclusive Promotion
User Score
6
Trade and invest in over 25 cryptocurrencies
Extremely simple user interface
Over 68 million customers
5
Paybis
Minimum Deposit
$50
Exclusive Promotion
User Score
5
First transaction fee free
24/7 customer service
Instant payouts

What is a Dogecoin Wallet and How Does It Work?

A Dogecoin wallet refers to a digital application, or piece of hardware, that allows users to store funds, confirm transactions and track the history of payments. It is a hub in which you can manage your crypto-based assets and, crucially, it is you that is in control and retains complete ownership of those assets.

Specifically, a Dogecoin wallet is a wallet that accepts DOGE. They work by using something called a private key to verify and confirm the origin of the cryptocurrency in question. This in turn allows users to make verified payments using funds that are in the wallet and also to track the transaction history that wallet has.

Digital wallets are more than just a digitized version of a wallet you would find in someone’s back pocket. They are storers of information and have an interesting array of potential and current use cases. For example, you could keep a copy of other sensitive information like a drivers license or passport, potentially removing the need for physical copies of these documents. And most significantly, a Dogecoin wallet removes the need for a bank. One of the core pillars of cryptocurrency success is its decentralized nature - this is the same for wallets. They completely remove the need for a bank or trusted organization, meaning for those users that don’t have access to stable financial institutions they can take ownership of their financial assets.

Simply put, a wallet is an important tool to take meaningful ownership of your assets and tighten the security protocols that protect them.

Best Wallets for Dogecoin

With such a vast range of wallets on today’s market it's important that you define what it is you want. When you know what you want to do with a wallet you can find the right one for you. This may be just to store your assets, make financial transactions with them or even just to get a good price.

Below are some of the best wallets out there alongside what they do best, to help you decide what is right for you.

Best Free Software Wallets

Coinbase

Key Features

Coinbase is one of the biggest players in the cryptocurrency space and has an ethos that sees crypto as the future of finance. It offers a great service that's easy-to-use and extremely interoperable with most assets. Its wallet is offered worldwide, has great coverage and is used by over 35,000,000 people.

What’s Different About It?

The Coinbase wallet is undoubtedly steered towards beginners; they want a product that can be easily used by the whole world, whether you are just starting out in crypto or are a hardened veteran. For a hot storage wallet there isn't much more to look for.

Pros

  • Good for beginners

  • Good security protocols including: 2-step verification, biometric loginsAES-256 encryption and FDIC insurance.

  • Offered to over 100 countries

Cons

  • Trading types are somewhat limited compared with market competitors

  • Coinbase has high fees for transactions

  • Hot storage can be more vulnerable to attack

Exodus

Key Features

Exodus is an easy-to-use wallet that has a great desktop interface alongside a solid mobile app. It is a hot storage wallet but also has the option to use cold storage, has cloud storage available and is also free at the point of use.

What’s Different About It?

What sets Exodus apart is the combination of a beginner-friendly interface with advanced features like earning interest. This offers users a great way to earn passive income from their crypto whilst still keeping things simple. The option to store both cold and hot is also a great feature.

Pros

  • An option to use cold storage

  • Users can earn interest on their stored cryptocurrencies

  • Simple and beginner-friendly interface

Cons

  • No 2-factor authentication available

  • No multi signature support

  • Closed source software

Zengo

Key Features

Zengo is a hot storage wallet with a good and simple interface; it is available on both the App Store and Google Play store making it very accessible. It also uses biometric scanners and 3-factor authentication to give it great levels of advanced security.

What’s Different About It?

Zengo solves one of the biggest problems in the digital wallet space: private keys and passwords. It completely removes the need to remember these long keys by letting users scan their face with facial biometric technology. This is all for speed and ease-of-use which is the core of what Zengo offers: a fast and easy application for those on-the-go.

Pros

  • Advanced security technologies

  • Extremely quick and easy-to-use

  • Users can earn interest on their holdings

Cons

  • Smaller range of cryptocurrencies supported

  • Not a fully non-custodial wallet

  • Not available on desktop

Best Hardware Wallets

Ledger Nano X

Key Features

The Ledger Nano X is an improvement on the former S model that now offers bluetooth integration. It offers a huge range of supported tokens and is one of the most modern wallets on the market.

What’s Different About It?

The bluetooth function that the Ledger Nano X offers really sets it apart from its competitors, also because it offers USB connectivity too, making it simple, modern and very accessible.

Pros

  • Good balance between accessibility and security

  • Ability to store 5500+ cryptocurrencies

  • Open source software

Cons

  • Susceptible to cyber attacks

  • Expensive

  • No touch screen support

Mycelium

Key Features

Mycelium is great because it gives users the option to store using hot and cold storage and the ability to customize transaction fees. It is a non-custodial wallet meaning its users have full control over their assets.

What’s Different About It?

Mycelium has a really large variety of advanced features that its competitors don’t, some include: ending accounts and single address savings accounts. There is also a native marketplace on this application.

Pros

  • Customizable transaction fees

  • Easy-to-use interface

  • Open source software

Cons

  • Does not offer a desktop app

  • Limited supported cryptocurrencies

  • Advanced features could be confusing for beginners

Trezor Model T

Key Features

The Trezor Model T is one of the most advanced and secure options available to cryptocurrency traders. This piece of hardware also goes beyond crypto-based use cases and lets users store a range of sensitive information.

What’s Different About It?

Its track record with security is simply unmatched in the digital wallet space. It's easy to use, has a great interface and is the second generation of the Trezor wallets.

Pros

  • Touchscreen compatible

  • An unmatched security record

  • Open source firmware

Cons

  • Expensive

  • Not beginner-friendly

  • Touchscreen can have problems

How To Add Funds to a Dogecoin Wallet?

You always need to be cautious when transferring money to your Dogecoin wallet for security reasons. Here we have detailed all of the general steps you need to take when adding funds to your wallet with any exchange:

Software Wallet

  • Click on the send funds button on the exchange you are using. Once you have found this, look for the screen that requests an address from you.

  • Go to your wallet of choice, login and copy the verified address of your account.

  • Paste this address back into the exchange and put how much crypto you would like to send.

  • Once all the details are in place click send funds and wait for your DOGE to arrive in your wallet.

Hardware Wallet

  • Click on the send funds button on the exchange you are using. Once you have found this look for the screen that requests an address from you.

  • Plug in or connect your hardware wallet, login, select “receive DOGE” and copy the verified address it provides.

  • Paste this address back into the exchange and put how much crypto you would like to send.

  • Once all the details are in place click send funds and wait for your DOGE to arrive in your wallet.

How Do You Cash Out Your Dogecoin Wallet?

Cashing out your DOGE is one of the most important parts of trading and must be done cautiously. Here we have detailed all of the general steps you need to take when cashing out funds from your wallet with any exchange (this can vary depending on the exchange):

  • First, open your wallet and find the transfer or withdraw button. Where you will find this will vary depending on what wallet you use.

  • You will then need to select the type of cryptocurrency you wish to withdraw, in this case DOGE, and choose the amount you wish to withdraw.

  • Choose which external party you want to withdraw to (e.g. bank account, Paypal) and click confirm transaction.

  • Wait for your funds to transfer.

What To Consider When Choosing a Dogecoin Wallet?

Here is a list of all the things you need to consider when choosing a Dogecoin wallet:

  • Security features on offer (2fa, multi-signature support, cold and hot storage).

  • Security track record - if a wallet has a history of being hacked then it could be riskier to store your DOGE there.

  • Ease of use and a pleasant interface.

  • Mobile compatibility.

  • A good range of supported cryptocurrencies.

  • Good backup options to protect you in the event of hardware failure.

  • Price - if it's not free be sure to check how the price compares to others.

  • Flexibility of fees - if there are fees you want to be able to customize these for your own needs.

Final Thoughts

Which wallet is best for you depends on what you want to use it for. With such a wide range of competing apps there really is something for everyone on the market, but its about finding what's right for you.

Hot storage wallets offer free services with great interoperability; most have good security track records but always come with the added risk of hacking. Cold storage wallets are slightly pricier at the point of use but ensure that your crypto is more secure and in your control.

But overall, the best wallets seem to be the Trezor Model T for cold wallets because of its flawless security record. And the Coinbase wallet for those looking to use hot storage. Coinbase offers a great range of assets, all of the features you need and an interface fit for beginners and crypto experts.

FAQs

Is a Dogecoin wallet actually necessary?
What is the most secure type of Dogecoin wallet?
Do I need a crypto wallet to buy Dogecoin?
Can I keep my Dogecoin on an exchange?
Joshua Sherrard-Bewhay

Joshua Sherrard-Bewhay

Josh is a finance and Blockchain technical writer with experience in project design, consultancy and reporting. He is well-versed in white paper design, blog construction and freelance journalism. His academic credentials are in International Relations, Environmental Regulation and International Law. In his spare time he works as a sustainability analyst for a FinTech start-up Oxari and a private English tutor.