If you lose this identifier, your coin is long gone. The only difference is that this will generate a unique wallet ID which MUST be retained in order to access your wallet in the future. The only thing required to generate a wallet in DogeChain is a valid email address and the ability to think of a valid password. In the case of Block.Io it's an email address. Users are assigned a login, in the case of DogeChain it's a unique Wallet ID (which should be kept safe someone - preferably offline). The user can set up the wallet in a few simple steps by following the instructions on screen. Both of these wallets allow a user to quickly set up a wallet that sits on the internet (behind the same sort of authentication that you would expect of any good company). Examples of this include DogeChain ( ) and Block.Io ( ). The Dogecoin Core wallet can be found here: Online Wallets.Īlternatively, you can use a browser based online wallet to store your Dogecoins. As above there are versions for Windows, OS X, and Linux. Initial synchronisation with this wallet is very slow and will take up a lot of space on your computer. Dogecoin Core WalletĪs mentioned above, the alternative is the original Dogecoin Core wallet. This wallet is quicker at performing the necessary sync of the blockchain in order to show your coins in the wallet (and transfer any coins out of the wallet should you want/need to do so). MultiDoge (sort of) replaced the Dogecoin Core Desktop Wallet, as it is a more lightweight version of the Core Wallet. Edit - it's been brought to my attention that when trying to withdraw dogecoin from faucets to a wallet, MultiDoge doesn't really play nice, so if that's what you are looking to do, choose one of the other wallets! MultiDoge The first and most recommended version is the MultiDoge Desktop wallet which can be found here: (note that this is a windows link but you can switch between operating systems at the top of the page). There are a couple of options available for offline or desktop wallets for Dogecoin. In my opinion, the paper wallet is one of the safest ways to hold cryptocurrency over long periods of time, providing you keep all of the information safe and don't set fire to your paperwork. ![]() Maybe a real life vault is required depending on how much of a big fish you are/intend to be. The steps to create this can be found here on one of the oldest paper wallet generators around: įollow the instructions on that link in order to generate a new wallet and print for safe keeping. ![]() The concept of a paper wallet is a place where you can hold your coins offline on a physical piece of paper. I will give some examples of each of these below. Note that you technically kind of have a wallet associated with an exchange and this makes things a little confusing for the new user.īroadly speaking, there are X number of types of cryptocurrency wallet, the first is a "paper wallet", the second "offline app wallet/Desktop Wallet" and finally a "browser based online wallet". If we think of an exchange as being your bank where money can go in and out, then you can think of a wallet as a vault where you plan on leaving your money. You may have heard of exchanges and wallets and they are different things. Let's start at the beginning by defining what is meant by a cryptocurrency wallet. It also highlighted that with new people swarming into the dogecoin cryptosphere, there is a lot of misinformation and a lot of people don't know some of the basics. Having jumped back into Reddit to assist people in the /r/dogeducation subreddit over the last week or so, it brought back a few warm fuzzy memories of helping people back in 2014, and in 2017. Off the back of the wall street bets hype, there has been a renewed focus on dogecoin at the end of January 2021 which is ongoing into February. This post is aimed at helping new users of Dogecoin to select a wallet.Īs we know we are in the middle of (yet another) crypto boom.
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