Dogecoin (DOGE) wallet

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Dogecoin (DOGE) Wallet

Dogecoin (DOGE) wallet is an app or a device to store users' Dogecoin private and public keys safely.

Private keys are required to sign transactions (send crypto assets from one wallet to another), while public keys represent your wallet on the blockchain. In other words, your Dogecoin public key is your Dogecoin address. Your wallet address is used when you need to receive Shiba Inu.

So, in a nutshell, a Dogecoin wallet is a device or an app that allows you to send and receive DOGE, store it, and manage the coins, by giving you access to private and public keys. This is how a crypto wallet works.

Before we jump into the world of Dogecoin wallets, let us first figure out what the Dogecoin network is.

Dogecoin's Background

When creators Billy Markus of IBM and Jackson Palmer of Adobe created Dogecoin in 2013, they probably never thought it would become a sensation. They had created it as a parody of Bitcoin. It's also way faster and cheaper to use than Bitcoin. What started as a joke has better technology than Bitcoin. Two weeks after its launch in December 2013, Dogecoin's value skyrocketed by 300% within 72 hours. It increased from US$0.00026 to $0.00095! Let's look at some price actions Dogecoin has had over the years.

Historical Dogecoin Price Action

As mentioned, Dogecoin's first significant price action was only two weeks after it went live. Unfortunately, the Dogecoin wallet, Dogewallet, was hacked on Christmas of 2013. That brought attention to Dogecoin to the point it trended more than Bitcoin. All this attention, despite being negative, positioned Dogecoin to soar. Only a few weeks later, in January 2014, its trading volume surpassed Bitcoin and all the other altcoins combined! Dogecoin had proved that its underdog status was a surprising force to reckon with.

For four years, Dogecoin had relatively low price action until the start of 2018. Dogecoin price hit $0.017! This was at the peak of the first cryptocurrency bubble that preceded the first major crypto crash in 2018. That was an impressive feat for a crypto parody. A few years later, during the Coronavirus pandemic of 2020-21, the term meme coin was coined. We'll touch on some other Memecoins that appeared throughout the pandemic.

Before we get to that, let's continue the history lesson after Tesla's CEO, Elon Musk, started touting the coin and inadvertently started the meme coin outpouring in 2020 and beyond.

Elon Musk's Dubious Relationship with Dogecoin

From its high point in 2018 until about 2021, Dogecoin's price dropped and stayed relatively steady at around $0.001. During the pandemic's height in 2020, small retail investors started driving the stock market higher and higher. That's why some Tiktokers started a following to push Dogecoin up to a dollar.

In early 2021, Elon Musk noticed Dogecoin when it rallied 800% to $0.07, an all-time high! To egg on the price climb, Musk started writing slightly cryptic tweets to garner attention and create extra attention to drive the price action higher, and it worked! It worked.

On April 18, 2021, Dogecoin surged to $0.40, to the supporters' delight! A few weeks later, it hit its $0.68 all-time high on May 6th, 2021. This was just two days before Elon Musk hosted the famous American sketch-comedy show Saturday Night Live (SNL). Fans, supporters, and investors were all waiting for Musk to give a special announcement or mention Dogecoin. The announcement would've sent the price up to a dollar at that time.

Musk said: “Shiba Inu!”

He meant it as a reference to Dogecoin because Shiba Inu is the Dogecoin mascot's dog breed. This reference could've provided much support for Dogecoin, but it didn't. The message got lost because of a little-known cryptocurrency, Shiba Inu (SHIB). Many people watching that SNL broadcast thought that Musk was now supporting the Shiba Inu coin. This crashed Dogecoin, as many supporters felt duped. Investors also sold the news that Musk was supporting another coin now. Dogecoin price dropped.

By June 2021, the price fell back down to $0.42. It has continued downward to the present time, hovering around $0.16.

Musk has continued to reference the Shiba Inu coin and dog breed. He recently got a Shiba Inu puppy, and all the tweets and mentions around his dog tend to drive up the Shiba Inu coin, not Dogecoin. While Musk was all about Dogecoin and accepting it as payment for Tesla cars, the miscommunication on SNL lifted Shiba Inu and inadvertently left Dogecoin in the dark.

We can't deny that Dogecoin's mechanics have attracted many to the coin. Let's take a look at Dogecoin's peculiar tokenomics.

Types of Dogecoin wallets

Choosing a Dogecoin wallet depends on what your plans are with your coins. Are you planning to hold Dogecoin long-term? Or may you want to exchange Dogecoin on a price swing easily? Do you prefer privacy and protection or convenience and ease of access? Thankfully, there are many types of wallets to store Dogecoin in, so you're sure to find one that suits your needs just right.

Online (or Web) Wallets

Regarding ease of access and use, online wallets are at the top compared to other DOGE wallets. These wallets can be accessed through a web browser on any gadget connected to the Internet. Since you only need a web browser, you can use it on your PC, phone, or tablet. Your data, however, is typically stored on servers, creating significant security concerns, as your money may be at risk in the event of a cyber breach.

Software Wallets

The next group of DOGE wallets is the software (or hot) wallets, which are similar to their online counterparts and also tend to be easily accessible. A hot wallet is usually completely free, with the primary difference being that you'll need to download an app for your mobile phone or a desktop. Once again, you'll usually require an active Internet connection to access a software wallet, while the same issues regarding security and private key storage remain. Unless you choose non-custodial wallets (like Atomic Wallet) where your data is stored on your end.

Hardware Wallets

A hardware wallet, also known as a cold wallet, is widely considered to be the most secure option on the market, thanks to the additional security features they offer. Cold wallets offer cold storage of your private keys. In other words, they are kept offline. In the event of a hack, there is no way to access your data since it's kept separate from your main device. Speaking of other security features, a hardware wallet is usually also protected by a pin code. Cold wallets resemble standalone USB devices with additional side buttons, and they'll typically set you back between $70 and $150 to purchase outright. The most popular hardware wallet is Ledger Nano.

Paper Wallets

We close with the least popular type of Dogecoin wallet - paper wallets. They are very different from all other options listed here. As the name suggests, you'll need to write down your Dogecoin private and public keys on paper before storing this information in a safe and secure place, like a safe. While it's completely free and non-technical, it lacks convenience and can cause huge issues if the paper is subsequently lost or stolen.

Atomic Dogecoin Wallet

Now that you've learned a little bit about Dogecoin and the different types of Dogecoin wallets that exist, we'd like to present to you a secure wallet with a user-friendly interface and a variety of features, including security features that you typically can't find in a software wallet.

Atomic Wallet is a decentralized multi-currency Dogecoin wallet. It supports cryptocurrencies like BTC, SOL, ADA, and other coins. Overall, Atomic offers support for more than 300 cryptocurrencies.

A secure crypto wallet

A significant advantage of a decentralized wallet, in general, is security. No one but you has access to your data. In addition to security, it also allows you to manage cryptocurrency from any device. Still, you need to pay attention to how you store the backup phrase. In HD Wallets (Atomic being one of them), the keys are generated from one master seed phrase, so that phrase is the primary access to your funds.

Your private keys, your crypto

With Atomic, your Dogecoin wallet is protected if you keep your seed, or private key, in a safe and secure place. This data is kept in your local storage and protected using advanced encryption. The wallet acts like a hardware wallet, so your crypto is entirely under your control, as your private keys are stored only on your computer or a phone. This ensures that only you have full control over your assets.

The downside of having complete control over your private keys is that if you lose your seed phrase, you will lose access to your crypto assets.

Anonymous wallet for your crypto assets

Atomic Wallet is also anonymous. We do not collect your data, mobile phone number, email, or IP address.

Exchange Dogecoin

Atomic is a software wallet that has an integrated Cryptocurrency Exchange. This feature allows you to exchange Dogecoin (DOGE) and trade your crypto assets without going to an exchange platform. You can always exchange Dogecoin (DOGE) for Bitcoin or other coins; we have hundreds of available trading pairs.

Buy Dogecoin in the wallet

Thanks to our Buy Crypto feature, you can securely buy Dogecoin (DOGE) with fiat currencies (with a credit or a debit card) directly in the wallet without the need to use 3rd party platforms.

Other features

You also get access to 24/7 live customer support, lack of operational costs, and security.

The primary purpose of Atomic Wallet is not just to keep cryptocurrency but to create a healthy multifunctional ecosystem that, in many ways, resembles a decentralized exchange. Atomic Wallet has an internal token - AWC (short for Atomic Wallet Coin), which has many use cases in the ecosystem, such as dividends for holders and the cashback program. Furthermore, it also serves as a marketing tool for bounty and airdrop campaigns.

Setting up Atomic Wallet

Download and install

First, you must go through a simple wallet creation process.

Download the installation file for your operating system from the official website and install the app. If it's a desktop wallet you're after, download the installer. If you're setting up a mobile wallet, the process is even simpler since you'll be installing the mobile app via a marketplace automatically (Google Play for Android devices and AppStore for iOS). Atomic is available for Windows, Mac, Linux, Android, iOS, and other operating systems.

If you need more specific instructions regarding a certain OS, check out our guide!

After that, run Atomic Wallet, click 'Create Wallet,' set up a strong password, and click Set Password. Ensure it is a unique and secure password you don’t use for anything else.

You will now see a 12-word seed phrase that can be used to restore access to the wallet. Be sure to keep it in a safe and secret place! Then click 'Open Wallet.'

You can find a step-by-step guide on creating a wallet in Atomic here and if you encounter any difficulties with any of the steps, feel free to contact our customer support by filling out this form.

Getting DOGE into your wallet

There are several ways of getting funds into your Dogecoin Wallet.

Deposit DOGE

The first method is to send Dogecoin to Atomic Wallet from an external wallet simply. The process is pretty simple, even for a first-timer. All you need to do is find your Dogecoin wallet address in Atomic, copy it, and paste it into the sending window of the app you're trying to send your funds from.

Exchange DOGE

The exchange allows you to buy Dogecoin by paying for it with another asset. Let's say you have some Shiba Inu (or any other digital currency) in your wallet, but you decide to give Dogecoin a chance. The exchange feature has got you covered. With more than 1000 coins to choose from, you can freely swap tokens without verifying your identity or following time-consuming ‘Know Your Customer (KYC) protocols.

The exchange also provides real-time prices for assets and cryptocurrency pairs so that you can capitalize on any Dogecoin price swing in the future. A step-by-step guide on exchanging assets is available here.

Buy Dogecoin

You can buy crypto directly with a bank card in our wallet, using your fiat money. All you need to do is to provide some information, like your name, billing information, etc., and undergo a verification process.

You can find a detailed, step-by-step guide on purchasing crypto in Atomic Wallet here.

Get Your DOGE Wallet Today

Dogecoin has come a long way since its inception in 2013. From its humble beginnings as a joke cryptocurrency to its current status as a legitimate digital asset, Dogecoin has proven that it is here to stay. With its strong community and growing acceptance, Dogecoin will continue making waves in cryptocurrency for years. So, if you're looking for an exciting and innovative way to invest your money, look no further than Dogecoin!

If you are interested in joining the Dogecoin community, the best way to manage digital currency securely and decentralized is a Dogecoin wallet. Having your crypto on a crypto exchange might be convenient for day trading, but a wallet will be the best solution if you are interested in a long-term investment and plan to hold Dogecoin.

Choosing the Atomic DOGE Wallet to manage your Dogecoin allows you to easily create a wallet, send and receive DOGE and exchange it without any additional transaction fees in an app with a user-friendly interface.

Get the app on Google Play or AppStore for your mobile phone, or download it from our website for your desktop and join the loyal community of DOGE enthusiasts immediately!