One of Dogecoin’s greatest strengths is its close-knit community, which raises money for a variety of causes. For example, they sent the Jamaican bobsled team to the Sochi Winter Olympics, and they sponsored NASCAR driver Josh Wise. Dogecoin is also used as a means of rewarding authors on Reddit and Twitter. So how do you buy Dogecoin?
Step 1: Get a Dogecoin wallet
Remember, it’s wise to keep cryptocurrency in a wallet rather than on an exchange, this reduces the risk of losing or stealing it. Let’s look at different types of wallets – each has its own advantages and disadvantages.
They tend to be safer than online wallets, but they can be at risk if your system is infected with a virus, so be careful.
So, there is a specialized wallet designed specifically for Doge called MultiDoge. It’s a simple wallet and comes in versions for Windows, Mac and Linux.
In addition, you can use a multicurrency wallet, such as Jaxx.io (also available for Windows, Mac and Linux).
This is one of the safest types of wallets: it’s not free, but a standalone device not connected to the Internet will give you some peace of mind.
There are many options, for example, Ledger Nano S supports two dozen cryptocurrencies and is very popular. Trezor is another good option; there’s also the recent KeepKey.
Online wallet, of course, convenient, but insecure, because often the secret key is not stored with you. Not many online wallets are suitable for Dogecoin.
The basic option is Dogechain. Files here are encrypted by a browser and saved in the cloud, and then decrypted with a password if necessary.
The ability to check your wallet balance from your phone is a big plus. There is an official Dogecoin Mobile Wallet for Android, it is mostly praised, but it does not have a version for iOS. However, other wallets are available for Android and iOS, in particular, Freewallet, which users also speak positively about.