Securely Store Your Dogecoin

What is Dogecoin?

Dogecoin was originally created in late 2013 simply to parodize Bitcoin. In 2021, it significantly increased in value (from less than a cent to nearly a dollar) through a collective sense of humor online. Now it’s a viable option for purchases and transactions.

It operates on its own blockchain and uses cryptography to keep ledgers secure, much like other cryptos. Miners earn Dogecoin as a reward for supporting this blockchain. There is no mining cap placed on Dogecoin. The combination of these things leaves Dogecoin susceptible to inflation.

Dogecoin is more like Bitcoin Cash in that it is better used as a decentralized, electronic based cash substitute than a place for long term investing. However, it may be a fine temporary investment, if one wants to bank on another surge.

How to create Dogecoin wallet?

Creating Dogecoin wallet with Coin Wallet is fast and hassle-free. You can do it from your computer or mobile device without providing any personal information.

The process is simple:

1. Select “Create new wallet”.
2. You will be given a unique passphrase. This is your only way to access your wallet. This information cannot be retrieved if lost, so it is essential to record it in a secure place.
3. Set a PIN for quick access on your device.
4. From here, you’re ready to send, receive and exchange Dogecoin with the app. You can buy Dogecoin with a credit/debit card, Google Pay, Apple Pay, or exchange with your existing crypto.