Where Do I Store My Dogecoins?
There is a section in the "What is Dogecoin (DOGE)? - Dogecoin Guide" titled "Where do I store my Dogecoins?"; with this post I hope to contribute an item or two we don't usually hear about from both legacy media and even cryptocurrency-oriented media. Feel free to adjust as needed for Guide purposes.
The Official Wallets of Dogecoin
As with other cryptos, a wallet is needed to store Dogecoins. Dogecoin.com, the official website for DOGE, offers 2 types of non-custodial wallets for download:
| Dogecoin.com Wallet | Description |
|---|---|
| Multidoge | Light wallet for a small number of day-to-day transactions |
| Dogecoin Core | Traditional wallet for a large number of transactons |
| Since these are non-custodial wallets, you have direct control over its contents. |
| NOTE: |
|---|
| Custodial wallets, on the other hand, are wallets located within the space of a 3rd party. This phrasing is used because the degree of control the 3rd party has varies from light (say, Hive Wallet) to great (say, Coinbase). Should the authoroties want access to your wallet which they host for you, the question becomes this: How long before the 3rd party acquieces to the authorities? Convenience is the major reason for using custodial wallets. No one stops anyone else from using custodial wallets; just be careful. |
Other Wallets Approved by Shiba Inus Worldwide
Hardware-based wallets definitely qualify as non-custodial wallets. Unfortunately, they aren't cheap (although losing your prized DOGE will be costly in more ways than one). If you go by reviews at web sites such as Coin Bureau and The Bitcoin News.
Software wallets exist, and the official site, Dogecoin.com, has them for users of Windows, Linux, MacOS systems as well as users of Android smartphones.
No-Tech Wallets
Wallets exist because they store money, and (usually) to get the money it needs to be authenticated before receiving it. The authentication is done with private cryptographic keys. Those keys can be stored in a hardware wallet, a software wallet,... or a paper wallet.
Paper wallets are proof that no-tech tools can by used in a high-tech world.
The paper wallets contain lists of the private keys used for the various cryptocurrencies (including DOGE). Paper wallets are offline, so they cannot be hacked or stolen by cybercriminals. Just keep the paper wallet away from fire and hungry pets (including Shiba Inus).
If you're willing to spend good hard-earned money for a crypto wallet that connects to a blockchain only as needed, hardware wallets are the way to go. If you prefer the convenience of a wallet that's just a few clicks or taps away, software wallets get the job done. If the owner of a cryptocurency has sufficient experience with funds crypto funds transfers and security is paramount, a paper wallet may be all that is needed.
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