What is the best Dogecoin wallet?
Before you can begin your cryptocurrency adventure, you need to open a Dogecoin wallet. By using your Dogecoin wallet, you can store and send Dogecoin. Throughout this article, we will tell you the purpose of a Dogecoin wallet, the different types of Dogecoin wallets, the Dogecoin wallets we recommend and how you can use your Dogecoin wallet to buy or sell Dogecoin (DOGE) on the Anycoin Direct platform.
What is a Dogecoin wallet?
A Dogecoin wallet can both be physical or digital, keeps your public and private keys and connects with the ledger. You can compare your wallet's public key, which also functions as your "coin address", to your bank account number for Dogecoin, where anyone can track the transactions made, but no one knows they are yours. You can access the balance on your public key through your wallet's private key, which is used to approve transactions in the ledger.
What kind of Dogecoin wallets are there?
A diversity of Dogecoin wallets are available for you to choose from. The options differ from online wallets accessible through the web, to hardware wallets that are a bit more costly. On the image below you can find the most popular wallets and their characteristics.
Which Dogecoin wallets does Anycoin Direct recommend?
At Anycoin Direct we have made a selection of recommended Dogecoin wallets for our customers:
- Software wallet: Atomic , Guarda
- Light wallet: MultiDoge
- Android wallet:Dogecoin wallet
- Full node wallet: Dogecoin Core
- Hardware wallets: Ledger, Trezor
Be aware, that Anycoin Direct is not responsible for the usage of these wallets. Always do your own research!
How can you use your Dogecoin wallet on the Anycoin Direct platform?
By having created a Dogecoin wallet, you can now begin buying, trading or selling Dogecoin on Anycoin Direct. If you prepare your Dogecoin wallet and click the receive button, your Dogecoin wallet address will be shown, which you need to enter in the flow to buy Dogecoin. By clicking the 'send' button in your Dogecoin wallet you are able to enter the Anycoin Direct Dogecoin wallet address, which is a required for you to sell Dogecoin.