HomeHow To Buy Dogecoin In The UKBest Dogecoin Wallets in the UK 2022

Best Dogecoin Wallets in the UK 2022

Last updated 15th Jul 2022
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Digital wallets allow users to exercise high levels of control over their crypto-based assets. The principles of control, ownership and the omission of centralized authorities are core reasons why blockchain technology and crypto-based assets like coins, tokens, and NFTs are so popular.

Many people decide to buy Dogecoin in the UK. The meme coin is very popular and due to the rise of crypto adoption in the UK, the number of people who decided to buy Dogecoin has also increased. But, after you buy Dogecoin in the UK, you need to find a crypto wallet to store the coins. A Dogecoin wallet is a cryptocurrency wallet that accepts DOGE (the native token of the Dogecoin Network); there are different Dogecoin wallets to choose from that all function in slightly different ways so there are a few things to consider before choosing the best Dogecoin wallet.

There are two main crypto wallet options to be aware of when it comes to buying or selling Dogecoin in the UK:

  • Software wallets

  • Hardware wallets

Software wallets are digital wallets that are stored online and hardware wallets are physical devices that store a digital wallet. There is then a range of further classifications; some are free, some will cost you money to use, some store your funds online (hot storage), and others offline (cold storage). All of the features have pros and cons so you need to make sure you choose the right Dogecoin wallet for how you want to use it.

On this page we will cover everything you could need to understand about Dogecoin wallets, how to use them, what is the best Dogecoin wallet in the UK, and the different Dogecoin wallet types available to you if you want to buy or sell cryptocurrency like Dogecoin in the UK. We will also cover some pros and cons of each crypto wallet and how can you get a Dogecoin wallet in the UK after you decided to buy Dogecoin.

What Types Of Dogecoin Wallets Are There in the UK?

A digital wallet is an online application, or piece of hardware, that allows users to store funds, confirm transactions and track the history of payments you make with cryptocurrencies - whilst keeping complete control over them.

Wallets work through the use of Private keys: a long string of numbers that essentially act as a password. They act as digital signatures that confirm the identity, or address, of someone or something. Public keys are another long string of numbers that act as your personal address. Users on a network can send funds to this address and then the private keys are the signature for a user to unlock those sent funds.

Some wallets also support NFTs meaning users can send and receive NFT collectibles to one another without any need for an intermediary, using the same public and private keys that help you trade your cryptocurrencies. Some crypto wallet options will even offer DeFi features like staking and lending. This is when users earn interest on holdings by submitting them into a pool on a platform that in turn provides APY for providing it with liquidity.

Hot Wallets - Best Crypto Wallets In The UK For Beginners

A hot wallet is an online crypto wallet that always requires a connection to the internet to operate. You can perform all of the usual functions with this like sending, receiving, and storing cryptocurrency tokens, coins, and NFTs. Each crypto wallet has different features and you can also hold several different cryptocurrencies at one time. For example, you may be able to hold Shiba Inu, Litecoin, and Bitcoin all in the same crypto wallet.

Here are some examples of interfaces available with hot wallets:

  • Desktop & Laptop

  • Web (browser extension e.g. MetaMask)

  • Mobile wallet apps (e.g. Binance Trust Wallet)

  • Apps (e.g. Exodus wallet)

  • Native Dogecoin wallets provided by exchanges/brokerage platforms

There are also two important types of hot wallets to be aware of:

  • Custodial: Custodial wallets mean the third party that provides the Dogecoin wallet holds the private key. Custodial wallets are usually web-based and place the control of your private keys (used to access your digital currency) in the hands of a third party like a crypto exchange, making it harder to transact and easier to get hacked

  • Non-custodial: non-custodial wallets give full ownership of the private key to the owner of the Dogecoin wallet

The private keys are essentially the digital signature that allows you to receive digital currency and ownership of this gives you maximum levels of control.

Custodial cypto wallets mean your private key is more vulnerable to hacking, but a non-custodial crypto wallet carries the risk of losing your private key and being locked out of your holdings. You should decide the degree of control you want over something as important as your private key and then make an informed decision based on that.

If you ever accidentally send funds to the wrong address then you will have lost them forever. That’s why many users prefer beginner platforms - which are usually hot wallets - that deal with the technical side of things and provide an easy interface for users.

Cold Wallets - Best Crypto Wallets In The UK For More Experienced Users

Cold wallets on the other hand are completely disconnected from the internet and are therefore protected from hacking. Cold wallets are best suited for more experienced users as they can be slightly more complicated to operate; if you make a mistake with these sorts of wallets you could lose access to the crypto wallet forever.

Some of the names of these wallets are:

  • Paper wallet: a reference to storing your private key on a piece of paper

  • Hardware wallet: Hardware wallets are a physical device that stores your assets offline

  • Offline wallet

Having a device that isn't connected to the internet presents some stark differences when compared to hot wallets. Assets are obviously less liquid with an offline Dogecoin wallet UK as you will need to connect it up to an interface every time you want to buy Dogecoin in the UK, sell or trade the asset. Therefore, typically, cold wallets are for storing larger amounts of money for a longer amount of time.

Always keep your private keys and seed phrases (a phrase that acts as your digital signature) safe at all times. If you lose these your assets can be in danger of being inaccessible.

Never enter your seed phrase on unknown websites as there are scammers - always be careful of the interface you are trusting as it could be a phishing site.

Top Hot & Cold Dogecoin Wallets in the UK

Best Dogecoin Wallets Overall

Here is our complete list of the best Dogecoin wallets in the UK when counting all of their features. They have been selected either for their ease of use, safety or combined.

Wallet nameWallet TypePriceBeginner Friendly?Best Feature
Coinbase WalletSoftware walletFreeYesWide range of assets with a great interface
eToro MoneySoftware walletFreeYesBeginner-friendly
Trezor Model THardware wallet£255NoUnrivaled safety record
ExodusSoftware walletFreeYesOption of cloud storage
Ledger Nano XHardware wallet£136NoSafety

Here’s a more in-depth look at each of these Doge wallets:

Coinbase Wallet

Coinbase offers an easy-to-use interface that is extremely beginner-friendly and interoperable with most assets on the market. Its Dogecoin wallet is offered worldwide, has great coverage, and is used by over 35,000,000 people. Coinbase is one of the most successful crypto exchange options on the market, has a publicly tradable stock, and is designed with beginners in mind.

Pros

Great 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

eToro Money Wallet

eToro has an easy-to-use interface with a simple Dogecoin wallet called Money. It has good availability for tokens and a wide range of pairs - this kind of Dogecoin wallet is great for beginners.

Pros

Wide range of supported cryptocurrencies
An unlosable key adds a good level of security to the platform
Simple and beginner-friendly interface

Cons

Unable to transfer funds from the wallet back into the eToro brokerage account
Wallet is only available to eToro users
Only compatible with mobile phones

Trezor Model T

The Trezor Model T is one of the most advanced and secure options available to cryptocurrency traders in the UK. This piece of hardware also goes beyond crypto-based use cases and lets users store a range of sensitive information. It has a flawless wallet security record in terms of hacking.

Pros

Touchscreen compatible
An unmatched security record
Open source firmware

Cons

Expensive
Not beginner-friendly
Touchscreen can have problems

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

Best Dogecoin Wallets In The UK Reviewed By Type

Best online software Dogecoin wallets in the UK

What is the best Dogecoin wallet in the UK? Software wallets are one of the best Dogecoin wallet options for beginners after they buy Dogecoin as they are easy to use, takes away a lot of the responsibility for private keys, and are free. These are the best software wallets on the market at the moment because of how beginner-friendly they are, how accessible they are and because they are free at the point of use; they have been ranked roughly on usability and accessibility.

Wallet nameWallet TypePriceBeginner Friendly?Best Feature
Coinbase WalletSoftware walletFreeYesBeginner-friendly
eToro MoneySoftware walletFreeYesBeginner-friendly
Binance Trust WalletSoftware walletFreeSomewhatInteroperable with a wide range of coins and services
ExodusSoftware walletFreeYesOption of cloud storage
ZengoSoftware walletFreeYesBiometric scanners and 3-factor authentication

Best hardware Dogecoin wallet Options in the UK

Hardware wallets are the most secure option available to you. They will however be more complicated to set up and use, usually come at a cost and require you to connect them to the internet to use. These crypto wallet options are some of the most modern, secure, and user-friendly options on the market. They are sorted in order of which provides the best service and not value for money.

Wallet nameWallet TypePriceBeginner Friendly?Best Feature
Trezor Model THardware wallet£255NoCan store more than just crypto assets
Ledger Nano XHardware wallet£135NoBluetooth integration
SafePal S1Hardware wallet£40NoSafety
Ledger Nano SHardware wallet£45NoSafety and value
Trezor Model OneHardware wallet£46NoAffordability

Best mobile app Dogecoin wallets in the UK

You can create a Dogecoin crypto wallet by installing a mobile wallet. Mobile wallet apps are the most accessible means of storing your crypto-based assets because they can be accessed from anywhere you have a connection to the internet, have a simple interface that is easy to use, and probably will be a hot wallet rather than a cold wallet - although there are exceptions. The following crypto wallet examples are ranked in order of the complete package they offer to their users.

Wallet nameWallet TypePriceBeginner Friendly?Best Feature
CoinbaseMobile appFreeYesLinked to one of the most used exchanges on the market
ZengoSoftwareFreeYesBiometric scanners and 3-factor authentication
ExodusMobile appFreeYesOption of hot and cold storage
MyceliumMobile appFreeYesOption of hot and cold storage
Binance Trust WalletMobile appFreeYesInteroperable with the most assets, products, and services

Best Free Dogecoin Wallets in the UK

Here are the best Dogecoin wallets in the UK that you can use for free; we have ranked them by which offers the best collective package, including usability, how beginner-friendly it is, the assets it supports, and how interoperable with the crypto space it is.

Wallet nameWallet TypeBest Feature
eToroHot walletBeginner-friendly
Coinbase WalletHot walletGreat all-round package
ZengoHot walletBiometric security features with a great app

What To Consider When Choosing A Dogecoin Wallet?

Do Dogecoin Wallets Support NFTs In The UK?

NFTs (non-fungible tokens) are cryptographic tokens that are stored on the blockchain and cannot be copied, forged, or replaced. You will need a Dogecoin wallet to store your NFTs and there are many that support tokens like DOGE as well.

For example, Binance Smart Wallet allows you to store your NFTs in the same place as your DOGE.

Is Staking Possible With A [Coin] Wallet?

Staking refers to putting your cryptocurrency assets into certain pools on a platform that then gives you a reward for providing that network with liquidity. It is one of the more secure ways to earn a crypto income; it is slow to reward, and doesn't offer extreme annual percentage yield rates but is likely to always payout.

It may be difficult to find a Dogecoin wallet that allows DOGE staking because it isn’t one of the biggest altcoins on the market. But you can stake DOGE with Binance and use the Binance Trust Wallet to store it.

Can I Use The Same Dogecoin Wallet For Multiple Exchanges?

Yes, some Doge wallets allow you to connect them to multiple exchanges. Any Dogecoin wallet UK can send funds to any crypto exchange as long as it is on a supported network. For example, sending Ethereum from a Dogecoin wallet to an Ethereum address on a crypto exchange will always work.

Always double-check the blockchain network you are dealing with before you send your assets.

Can I Trade On Decentralized Exchanges Using A Dogecoin Wallet?

Yes. A decentralized exchange, or DEX, is a platform that offers the same core features as its centralized counterpart (buying, selling and trading crypto assets) but instead, there is no sense of ownership or control over the exchange.

Almost all DEXs will require the use of a Dogecoin wallet.

Can I Buy Dogecoin Using A Wallet in the UK?

Some wallets allow you to buy Dogecoin directly from them. For example, the Exodus Dogecoin wallet lets you exchange crypto directly. Buy Dogecoin in the UK using a crypto wallet can be convenient, but Exodus wallet can often be much more costly to exchange assets directly with a Dogecoin wallet than with an exchange - so be sure to check and compare the fees associated with the transaction and you compare which is the best option to buy Dogecoin.

Here are the steps you have to follow:

Step 1: Find the “exchange” tab.
Step 2: Select the asset you wish to exchange
Step 3: Decide how much of your crypto assets you want to exchange
Step 4: Check the transaction's fees
Step 5: Your wallet will have the new crypto

Do I Have To Pay Tax on Dogecoin Stored in My Dogecoin Wallet in the UK?

No. You do not have to pay any tax just for storing your DOGE. However, you will need to pay tax on any earnings you make via staking or selling your DOGE for a higher price. So trading crypto assets for profit is a taxable action.

To find out what tax you need to paycheck out our complete guide here.

How to Set Up a Dogecoin Wallet UK

If you have gone through the process and you know how to buy Dogecoin, here’s how to set up an account with the eToro Money Wallet to store the coins.

Step 1: Head to the eToro website/app
Step 2: Create an account and verify it
Step 3: You now have access to the eToro money wallet

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

Step 1: Open your wallet
Step 2: Choose the amount you wish to withdraw
Step 3: Confirm the transaction
Step 4: Give it some time

Top Tips For Dogecoin Wallet Users

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

  • Double and triple check Dogecoin wallet addresses before making a transaction; incorrect addresses may lead to you losing your funds forever.

  • Make a copy of your seed phrase or private key and keep it safe in case you forget your password; the best way to do this would be to write it down and put it in a safe place, or store it safely in a cold storage or hardware device.

  • Crypto customer service staff will never ask for your seed phrases; if someone does they are probably a scammer.

  • Always check exchange fees when buying assets directly from a Dogecoin wallet.

  • Be vigilant of the reputation a Dogecoin wallet has. UK Dogecoin wallets are usually popular if they provide a good and secure service.

FAQs

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Joshua Sherrard-Bewhay

Joshua Sherrard-Bewhay