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![]() ![]() In general, you should know that there are two big types of wallets available to be accessed and utilized - hot and cold ones. However, as you can probably guess, not all wallets are created equal - some are going to be better than others, whether it be from the standpoint of security, or simply personal user preference. Same as many other cryptocurrencies on the market, Dogecoin can be stored in a wide selection of different wallets - we’ve established that already. Naturally, however, anyone looking to buy or mine some DOGE is going to need a reliable wallet to keep the coins in! That’s exactly what we’re here to discuss - let’s begin by taking a look at the different types of Dogecoin wallets that are out there. So, then - we’ve established what Dogecoin is, and what the cryptocurrency behind it is mainly used for. However, while Bitcoin uses the SHA-256 mining algorthm, Dogecoin relies on the Scrypt mining algorithm. Though, do keep in mind that you can also mine Dogecoin, similarly to how you can mine Bitcoin. For example, you could go to Binance, where you can even buy Dogecoin using fiat! ![]() Don’t let any third parties influence your opinions - do your research, and be diligent!Īdditionally, if you're wondering how to buy Dogecoin, you best bet is going to a cryptocurrency exchange that supports it and simply purchasing it. Make sure to not fall prey to such foul players! Your best bet is to set a specific goal of why you’d want to invest in Dogecoin, and then utilize the services of the best Dogecoin wallets out there. The coin is beloved by pump-and-dumpers - people who love to manipulate the market, artificially inflate the price of a specific cryptocurrency, and then dump all of their coins, thus crashing their price exponentially. Note, however, that since Doge is such a peculiar crypto project, it does come with some cautionary tales. Even though he changed the logo back a few days later, this again made the Dogecoin price rise. This change was a callback to Twitter user's suggestion that Musk should buy Twitter and alter the logo to resemble DOGE ( which he did). On April 3rd, 2023, Elon Musk changed the blue bird logo of Twitter to the Shiba Inu meme associated with Dogecoin. For starters, his tweet was the reason why Dogecoin price and popularity surged so quickly in 2021. While I risk overusing the phrase, it cannot be overstated - it’s a very unique phenomenon in the crypto world!īesides, Dogecoin popularity is strongly tied to Elon Musk, who is the CEO of SpaceX, Tesla, and Twitter. DOGE enthusiasts participate in fundraiser events, community projects, and various charitable acts. On top of that, them being active isn’t just a gimmick, either. The Dogecoin community is one of the most active and, well… Communicative crypto groups that you’ll come across! You see, while the cryptocurrency is a joke ( literally), there’s a pretty interesting dichotomy here. That being the case, though, why do so many people look for Dogecoin wallets, and for ways of how to buy DOGE? There are no noble causes that the community behind DOGE would be interested in - for a lack of a better term, it’s a “troll cryptocurrency”. Hence its name, hence the reputation behind it. Very different, in fact.ĭogecoin was created as a joke cryptocurrency. While most other cryptocurrency projects have some specific, high-end goals that they aim to accomplish ( or some specified problems that they aim to solve), DOGE is different. Now, truth be told, Dogecoin is unique - I do not use that word lightly. ![]() ![]() However, the truth is actually quite the contrary - DOGE is a widely beloved cryptocurrency, and thus, some of the best crypto wallets on the market offer support for the coin!īefore we get into the ins and outs of the best Dogecoin wallets, it’s a good idea to have a quick refresher of just what DOGE actually is, and what about the project attracts people to it. One of the most unique of these projects is Dogecoin - if you’re a DOGE enthusiast, you’ll be glad to know that, in this list, we’ll be looking for the best Dogecoin wallet of the year!īeing as unique as it is, you would expect Dogecoin to have some… Well, less-than-ordinary storing options. Ever since the inception of Bitcoin, there have been various peculiar projects popping up, here and there. The world of cryptocurrencies is truly an interesting one. ![]()
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