To hold Dogecoin you need a wallet, which is software or a device that holds the keys controlling your coins. There are four common ways to open one. They differ mainly in who holds the keys and how much you have to set up yourself.
1. A multi-coin app wallet
An app that holds many coins, such as Scrypt Wallet, is the quickest to set up. With Scrypt Wallet you create a free account, open Receive and choose DOGE to get an address in under a minute. It runs on Android and in the browser. It suits you if you also hold other coins and want one place for all of them.
2. Dogecoin Core
Dogecoin Core is the original wallet. It runs a full node, which means it downloads and verifies the whole blockchain, so it needs disk space and time to sync. In return you check the network yourself rather than trusting a service.
3. A hardware wallet
A hardware wallet is a small device that keeps your keys offline. It is usually the strongest option for a large balance, and it costs money to buy. Some models support Dogecoin directly, so check the list before you buy.
4. An exchange account
An exchange holds the coins for you. It is simple, but you depend on the exchange, because it holds the keys. If you want to control your own keys, move your DOGE to a wallet instead. See custodial vs. non-custodial wallets.
How to choose
- Small amounts and convenience: A multi-coin app wallet.
- Maximum independence: Dogecoin Core.
- Large balance you plan to keep: A hardware wallet, perhaps with an app for everyday use.
- Just trading: An exchange, and withdraw what you want to keep.
Whichever you pick
Back up your recovery information and keep it offline. Never share it with anyone who contacts you. Read crypto backups and wallet recovery before you add money. Back to the Dogecoin wallet.