A Look Into the Digital Dogecoin Wallet

How would you feel if you have a wallet, just like your physical wallet, to store all your cryptocurrencies? Wouldn't it be great? The Dogecoin wallet is a perfect example of such an idea. Dogecoin wallet is a digital wallet to hold Dogecoins and perform all the transactions related to it. 

This tutorial will introduce you to the Dogecoin wallet and will help you understand all the concepts related to it.

The topics that you will explore in this tutorial are:

  1. What is a Dogecoin Wallet?
  2. How to Buy Dogecoin?
  3. How to Create a Dogecoin Wallet?
  4. How to Use a Dogecoin Wallet?
  5. Top 5 Dogecoin Wallets of 2021

What is a Dogecoin Wallet?

Wallet

Dogecoin Wallet

  • A Dogecoin wallet, very similar to a real-life wallet, is something where you can store, receive or send Dogecoins.
  • It consists of its public and private key, which connects it to the distributed ledger over the Dogecoin Network.
  • You can use your wallet's public key to track the transactions made by maintaining the anonymity of the users
  • The private key of your wallet is used to approve transactions in the ledger
  • Your wallet's public key is used to receive Dogecoins from other users. On the other hand, your wallet's private key is only used to send Dogecoins to other users in the network.

Dogecoin wallet is of two types, they are: 

  • Digital Dogecoin Wallet
  • Physical Dogecoin Wallet

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Now, you will explore some pros and cons of both of these Dogecoin wallets.

Pros

Cons



Digital Dogecoin Wallet


  • Easy to set up
  • Easy to access
  • It is free to use

  • Limited options
  • Manual updates
  • Less secure


Physical Dogecoin Wallet


  • Advanced features
  • Safest option
  • It is free to use

  • Hard to set up
  • Less accessible
  • Expensive

How to Buy Dogecoin?

Dogecoin can be bought by following a few very easy steps, which include:

Step 1: You need to create a Dogecoin Wallet.

You will need a Dogecoin Wallet to store all your dogecoins to make all the transactions more secure.

Create_Dogecoin_Wallet.

Step 2: Locate your specific Dogecoin address.

Dogecoin address is a long array of characters that starts from capital' D' followed by any other capital characters or any number. It acts as your identity for making transactions of dogecoins in your wallet.

Dogecoin_Wallet_Address

Step 3: Find a source that sells Dogecoin.

You will need to find a digital platform to buy more Dogecoins and start your transactions from the Dogecoin Wallet.

Platform_that_sells_Dogecoin-Dogecoin_Wallet

Binance

How to Create a Dogecoin Wallet?

To create a Dogecoin wallet for yourself, you will have to go through the following steps:

Step 1: Choose the correct wallet.  The founding and developing team of Dogecoin maintains the Dogecoin core wallet and MultiDoge wallet. 

Here you will use the Dogecoin core wallet.

Examples_of_Dogecoin_Wallet

MultiDoge and Dogecoin Core - Dogecoin Wallets

Step 2:  Download and install the Dogecoin wallet on your handset. You can also use the official website of this wallet for your windows.

Download_and_Install_Dogecoin_Wallet

Step 3: Open the Dogecoin wallet application and verify your Dogecoin wallet address.

And that is it. It is this easy to create and have your Dogecoin wallet.

Home_Page_of_Dogecoin_Wallet

How to Use Your Dogecoin Wallet?

Now, when you have your Dogecoin wallet in your hand, there are certain ways in which you can use it.

At the very bottom of the home page of your wallet, there are two options: 

Request Coins - where you can request dogecoins from other users in the Dogecoin network

Send Coins - where you can send dogecoins to other users in the Dogecoin network

Request_Coins_and_Send_Coins_Button_of_Dogecoin_Wallet.

To Receive Coins, You Must:

1. Click on the "REQUEST COINS" button

Request_Coins_Page_of_Dogecoin_Wallet

2. Enter the required number of coins you want to request from another user of the Dogecoin wallet. You can see the value of the requested Dogecoin in the form of your respective national currency

requested_in_Dogecoin_Wallet

3. And have the below-generated barcode scanned by the user you wish to request the amount

Final_step_to_request_Dogecoin_in_Dogecoin_Wallet

To Send Coins, You Must:

1. Click on the "SEND COINS" button

Send_Coins_Page_of_Dogecoin_Wallet

2. Type the Dogecoin wallet address of another user to whom you want to send Dogecoins, and the amount you want to send

Amount_to_be_Sent_From_Dogecoin_Wallet

3. And click on Send

Final_Step_to_Send_Dogecoin_From_Dogecoin_Wallet

And there you go, now you can use your Dogecoin wallet whenever and wherever you want.

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Top 5 Dogecoin Wallets of 2021

These are the Top 5 Dogecoin Wallets of 2021:

Ledger Nano X - Ledger Nano X is one of the most popular physical wallets in the crypto world.

  • It is very secure to use
  • It supports more than 1500 cryptocurrencies
  • It consists of a comfortable structure for an easy and smooth approach

Ledger_Nano_X-Dogecoin_Wallet

Trezor Model T - Trezor Model T consists of a few distinct features that any Dogecoin lover would appreciate. It is one of the significant Physical Dogecoin Wallets.

  • It is easy to set up
  • It has high security levels
  • It consists of a touchscreen user interface to make it more accessible

Trezor_Model_T-Dogecoin_Wallet

Keepkey - Keepkey is a Physical crypto wallet that offers its users some best security features.

  • It is effortless to use
  • It is considered among the most secure wallets
  • It is pretty affordable

KeepKey-Dogecoin_Wallet

Binance - Binance is one the most popular crypto exchange platforms, which acts as an online Dogecoin Wallet.

  • It is a very popular crypto exchange platform
  • It facilitates the exchange of more than 100 cryptocurrencies
  • It is very time efficient as it takes seconds to make one trade

Platform_that_sells_Dogecoin-Dogecoin_Wallet

Kraken - Kraken is, primarily, a cryptocurrency exchange platform but can perfectly act as a Dogecoin wallet. All you need to do to buy dogecoin is to register and make your trade.

  • It is a very secure and reliable cryptocurrency exchange platform
  • It charges a very low fee for every transaction taking place on it
  • It accepts a pretty decent amount of fiat money

Dogecoin_Wallet/Kraken-Dogecoin_Wallet.

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Conclusion

In this tutorial, you saw everything about the Dogecoin wallet and its concepts like buying Dogecoins, creating a Dogecoin Wallet, and using it.

Whether you're an experienced Blockchain developer or just an enthusiast who wants to explore more about Cryptocurrencies and Blockchain, enrolling in Simplilearn's Blockchain Certification Training program will help you learn more about cryptocurrencies, Blockchain, and its technology with all level of experience.

Do you have any questions for us? Please feel free to drop them in the comments section of this article; our experts will get back to you as soon as possible.

About the Author

SimplilearnSimplilearn

Simplilearn is one of the world’s leading providers of online training for Digital Marketing, Cloud Computing, Project Management, Data Science, IT, Software Development, and many other emerging technologies.

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