Best Dogecoin wallets in the UK

Dogecoin price chart on Coinbase

Going by the statistics, Dogecoin has made humongous growth of about 20,000% in its price since its launch value. The year 2021 has seen the best from this coin as the meme coin not only registered its all-time high value of $0.74 but also broke into the top-10 cryptocurrencies in terms of market capitalization.

Though many people are investing in Dogecoin to make some money out of its bullish uptrend, investors are still confused about where to store these coins. Addressing this confusion, in this article, we will review the best Dogecoin wallets in the UK that would keep your favorite coins safe and secure.

3 Best Dogecoin wallets in the UK

eToro Money Wallet – supports Dogecoin and 120+ other cryptos
Binance Trust Wallet – a multi-crypto wallet that is both user-friendly and secure
Coinbase Wallet – most popular exchange in terms of no. of users

Because there are so many crypto wallets on the market, it’s tough for any user to choose the finest Dogecoin wallet. As a result, we’ve compiled a list of the top Dogecoin wallets for you, based on their high-security standards, privacy, user-friendliness, accessibility, and other key characteristics.

Where to Buy and Hold Dogecoin in March 2023

Many Dogecoin wallets are available in the market. Read ahead our review regarding some of the best Dogecoin wallets in the UK.

1. eToro Money Wallet

Unlike many other Dogecoin wallets, the eToro Money wallet is regulated by Gibraltar Financial Service Commission. Considering its high-security system, this wallet is usually recommended as the best crypto wallet for storing your Dogecoin safe. The wallet uses some amazing safety measures to ensure that cryptocurrencies remain protected in a safe digital location.

Delivering on its high-security standards, this wallet does not give you access to the private keys of your Dogecoin in order to prevent them from being stolen. Additionally, it uses two-factor authentication, several degrees of encryption, multi-signature, and other measures to enhance the protection of your cryptos.

If you are an investor who trades in multiple cryptocurrencies, then you will find this wallet very convenient for you as it allows you to keep over 120 cryptocurrencies in one place. Further, it will allow you to keep a track of your diverse portfolio and facilitate your trading experience with market updates.

Moreover, it is easily available for download on the Play Store for Android phones and the App Store for iOS devices. Apart from keeping your Dogecoin safe, this wallet also allows you to transfer your favorite coins from the eToro trading site, receive these digital assets from other wallets, and use a conversion feature to convert any cryptocurrency to your preferred cryptocurrency.

Along with crypto-trading, if you want to earn passive income through crypto-staking, then this wallet is the best choice for you. One can stake cryptocurrencies like Ethereum, Cardano, and many other coins on eToro, and earn income in form of interest or rewards out of it. Interested in making your account on eToro? Visit this exchange platform by clicking on this link.

In case you come across any difficulty or inconvenience while operating this wallet, you can contact eToro’s customer support, which would be available to sort all your problems and queries. Therefore, in light of all these amazing features, the eToro Money wallet comes out as the right pick for you to store your Dogecoin safely in a digital location.

Pros

Good security system
Amazing customer support
FCA regulated in the UK

Cons

Less staking coins than other exchanges

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2. Binance Trust Wallet

The Binance Trust wallet makes it simple to transmit, receive, and keep Dogecoin safely and securely. Other cryptocurrencies, such as Shiba Inu tokens, can also be stored in this wallet. Additionally, this wallet also allows you to store NFTs (non-fungible tokens) conveniently.

This open-source, decentralized crypto wallet allows its users to play blockchain games while also giving access to all of the latest DApps and DeFi platforms in one spot. Having supported more than 100 cryptocurrencies, Trust wallet enables its users to earn money or prizes by staking them. Want to have your account on Binance? Just click on this link.

Apart from these features, this wallet is famous for its advanced safety measures which keep your crypto protected from any external interference or technical feature. Further, it regularly conducts audits of its security standards to ensure maximum possible safety to its users. The features of fingerprint scanning and pincode scanning give an extra degree of protection to your digital assets.

Just like the eToro Money wallet, this wallet is also freely available for download on the Play Store for Android phones and the App Store for iOS devices. Further, users are not required to pay any subscription fees or initial fees for utilizing this wallet for the first time. Overall, the Binance Trust wallet comes out as a decent choice for your Dogecoin wallet.

Pros

High-security system
Allows storage of NFTs
Easy to download

Cons

Fewer deposit methods to buy Dogecoin than eToro

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3. Coinbase Wallet

Coinbase, one of the most reputable crypto exchanges in the world, also serves its users with some fantastic wallet services. Coinbase wallet securely manages its users’ private keys and stores their cryptocurrency with its robust security standards.

This wallet allows its users to store a wide variety of cryptocurrencies online and allows them to engage with dApps on the Bitcoin and Ethereum networks. For all beginners, the Coinbase wallet is one of the best wallets to have as they could easily use its features due to its simple interface.

Further, there is no mandatory requirement of having an account on Coinbase for utilizing the services of this wallet, though the transfer of crypto gets easier in case you have your account linked with this wallet. To enhance your trading experience, it gets connected with crypto-friendly bank accounts.

Packed with industry-leading security, the wallet has additional layers of security mechanisms, like biometric authentication, secure enclave, and optional cloud backups, to keep users’ assets secured. Traders can preserve control of their crypto assets, keys, and data with this self-custody crypto wallet.

Having said that, this wallet is made for all those users who would like to save their Dogecoin, NFTs, and other digital assets secure at one spot. In case you are interested in making your account on Coinbase, you can visit them via this link.

Pros

Offered by the leading crypto exchange of the world
Have robust security mechanisms
Storage of many cryptocurrencies

Cons

Has many KYC compliance requirements

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What is a Dogecoin wallet and how it works?

Have you ever wondered where do all investors store their Dogecoin and other meme-coins such as Shiba Inu? Since digital currencies are completely different from traditional currencies, they can’t be kept physically in your pocket, or wallet. So, how do we store cryptocurrencies?

Whenever you make any purchase in the crypto world, you get cryptocurrencies that are like long and complex codes. We need crypto wallets, which are usually some hardware or software that store your cryptocurrencies safely in a secured digital location. So, when you buy Dogecoin, the crypto wallets store these long and complex codes in the form of private keys and engage with the blockchain network whenever these meme coins are traded.

You have to understand that private keys are evidence of your digital ownership of Dogecoin. They are similar to the password; therefore you must act carefully while dealing with the Dogecoin wallet. Never share your private keys with any person as it may result in stealing of your cryptocurrencies.

Considering the huge importance of private keys in a crypto wallet, experts always suggest using those crypto wallets that maintain the total confidentiality of your private keys so that there is no chance of losing any Dogecoin under any circumstance. Also if you have invested in Shiba Inu, you can read our article on Shiba Inu here.

For the same reason, the eToro money wallet is the highly recommended crypto wallet for investors as this trusted wallet keeps access to your private keys protected from external interference.

What types of Dogecoin wallets are there?

Though there are many different types of Dogecoin wallets available in the market, nonetheless, these wallets could broadly be divided into three categories: software, hardware, and exchange wallets.

· Software wallets

Software wallets are crypto wallets that may be downloaded and installed in the form of an application or program on your device. These wallets come in many forms, a mobile wallet, desktop wallet, or web-based wallet.

Mobile wallets are those software wallets that could be downloaded and installed on your smartphones or tablets. These wallets are sometimes non-hosted, which means that users must save and manage their private keys to access their Dogecoin.

If you want to experience crypto trading on your mobile phones, then you will find some of the mobile wallets really good as they provide additional services to their users by connecting with the crypto exchanges.

Similarly, web-based wallets provide you the storage services when you are connected to the internet. Private keys that grant access to Doge tokens are kept safe in web-based wallets. Despite having some security concerns, these wallets are very convenient to use and operate.

As the name suggests, desktop wallets are those software wallets that are designed for computer users. These wallets store the private keys of your favorite crypto through cold storage security options. Some of the good desktop wallets include Exodus, Electrum, MetaMask, etc.

· Hardware wallets

Contrary to software wallets, these wallets exist in a physical form. Unlike software wallets, hardware wallets keep the private keys of your Dogecoin on offline hardware, thereby providing you with greater security.

Since hardware wallets are in physical form, they are connected to the computer through a transfer device. Once they get linked to the computer, private keys are stored in them. As soon as the transfer takes place, these wallets are removed from the device.

Despite giving enhanced protection to cryptocurrencies, hardware wallets are always having risk of getting lost. This risk is especially very high among beginners. Further, you must remember the security keys of your hardware wallets for ensuring safe access to your cryptocurrencies. These wallets are manufactured by well-known companies such as Ledger and Trezor.

· Exchange wallets

Next, we have exchange wallets, which are provided by a crypto exchange or broker. Whenever you buy any crypto on an exchange platform, your digital assets will automatically be stored safely in your exchange wallet.

Contrary to hardware wallets, these wallets are not very easy to lose, therefore they are highly recommended for beginners. Furthermore, exchange wallets also attract the attention of many investors as they are well regulated by top global agencies across the world.

Exchange wallets like eToro Money wallet, Coinbase wallet, and Binance Trust wallet have seen a tremendous rise in terms of demand and popularity due to their advanced security mechanisms, easy-to-use interface, storage facility of many cryptocurrencies, and other additional characteristics.

It was previously warned not to hold money on an exchange platform after Mt Gox was hacked in 2014. However, the customers who lost their money are now getting reimbursed, and regulated wallets like eToro Money wallet have not had any such occurrences since 2006.

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The price and value of any investment in digital asset products can fluctuate.

As with any asset, the values of digital currencies may fluctuate significantly.

The traded price of digital tokens can fluctuate greatly within a short period of time.

The value of digital currencies can go up or down frequently.

Market prices for digital tokens can be volatile and highly unpredictable.

Rating

5.0

4.5

4.4

4.3

4.2

4.1

Mobile App Rating

10/10

9/10

8/10

9/10

8/10

Mobile App

Wallet

Number of Coins

Trading Fees

Spreads

0.1%

0.50%

0.1%

Deposit Fees

N/A

Withdrawal Fees

0.0005 BTC

N/A

Regulated

ASIC, CySEC, FCA

N/A

FCA

N/A

FCA

N/A

Min. Deposit

$50

N/A

$10

N/A

$10

Leveraged Trading

N/A

1 - 100x

N/A

1 - 10x

Bitcoin

£20461.21

£20273.81

£30761.62

£30738.22

£30756.78

£30752.96

Ethereum

£1407.41

£1394.53

£2129.82

£2127.84

£2128.20

£2128.38

XRP

£0.31

N/A

£0.59

£0.18

£0.23

N/A

Tether

£0.83

£0.82

N/A

£0.76

N/A

Litecoin

£70.10

N/A

£83.06

£82.98

N/A

Bitcoin Cash

£109.97

N/A

£224.68

£385.38

£224.55

N/A

Chainlink

£5.85

N/A

£11.18

£10.85

£11.16

N/A

Cardano

£0.29

N/A

£0.63

N/A

IOTA

£0.18

N/A

£0.18

£0.53

Binance Coin

£255.57

£253.23

£293.82

N/A

Stellar

£0.07

N/A

£0.14

£0.06

Bitcoin SV

N/A

£138.88

N/A

USD Coin

N/A

£0.76

N/A

EOS

£0.94

£0.93

£1.57

£1.56

£1.57

Monero

N/A

£124.64

N/A

Giropay

Neteller

Paypal

Sepa Transfer

Skrill

Sofort

What makes a good Dogecoin wallet?

We understand that decision-making is difficult whenever we have multiple good options in front of us. That is why we have listed out the characteristics of a good Dogecoin wallet that will make your decision-making easy.

· Robust security mechanisms

A good Dogecoin wallet needs to have a high-level security system in place to ensure that the private keys of Doge tokens are always kept protected. It should not be vulnerable to any external attacks or other technical problems.

· Supports many cryptocurrencies

Many individuals nowadays diversify their portfolios by investing in a variety of crypto coins. Separate wallets for different cryptocurrencies are quite inconvenient for these investors. As a result, it is necessary to have a crypto wallet that allows you to store various cryptocurrencies in one location.

· Affordable fees

Always choose those crypto wallets that charge affordable transaction fees, and have fewer initial fees so that crypto trading does not become an expensive affair for you.

· Easy to download and simple to operate

With the increase in popularity of Dogecoin, many new investors are going after this crypto. This surge in demand for Dogecoin will increase the need for Dogecoin wallets as well. Investors would always choose those wallets that would be easy to download and simple to operate. For instance, wallets like eToro money wallet are easily available for download on both the Play Store for Android devices and the App Store for iOS devices.

· Additional features

A decent crypto wallet is useful for more than just holding your Doge tokens. Wallets such as eToro Money, Binance Trust, and Coinbase give you features such as blockchain games, storing your NFTs, trade-related updates, staking coins, and a lot more.

How to buy Dogecoin?

Experts believe that Dogecoin would cross the figure of $0.54 in the next five years. Considering its bright prospects, many traders are making an early investment in this crypto to make humongous profits.

Interested to buy Dogecoin? This section will discuss how to buy Dogecoin more elaborately.

· Create your account on eToro

Go to the official website of eToro, and open your account by providing all necessary details. Since eToro is regulated by the Financial Conduct Authority (FCA), you will be required to share your name, date of birth, address, number, email, and national insurance number. Complete the process by choosing a user name and a strong password.

Dogecoin details on eToro

Apart from this process, you can also register on this platform through your Google or Facebook account.

· Submit your ID for the know-your-customer (KYC) process

After creating your account, complete the KYC process by getting your identity verified. You can upload a copy of your license or passport for identity verification. Further, submit your utility bill or a copy of your bank account statement for verifying your home address.

· Deposit money in your account

Now, you have to deposit funds in your account to make the transaction. Check for the minimum deposit amount before depositing funds as the value of minimum deposits varies across different regions. You can deposit money through a variety of options like PayPal, debit/credit cards, bank account transfers, etc.

· Buy Dogecoin

Once you have funded your account, it’s time to purchase your favorite Doge tokens. Enter “Dogecoin” in the search bar, and tap on the “Trade” button. Enter the amount you want to invest in this crypto, and then confirm the order. Your tokens will now be stored in your eToro money wallet.

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Conclusion

We hope this article must have provided you with much-needed clarity regarding which Dogecoin wallet you have to choose. Exchange wallets like eToro Money wallet, Binance Trust wallet and Coinbase wallet give you much more than storage services.

These wallets not only protect your Doge tokens with their strong security mechanisms but also enhance your trading experience with their features like crypto-staking, trade-related updates, NFTs storage, easy-to-use interface, etc. Given that you are planning to invest and hold Doge tokens soon, these wallets will be useful throughout your investment period.

eToro - Our Recommended Crypto Wallet

Our Rating

Exchange Wallet for 120+ Cryptocurrencies, Trade In-Wallet
Automatic Staking of ETH, ADA or TRX in your Wallet
Regulated by FCA, ASIC and CySEC - 20 Million Users
Unlosable Private Key - Secure eToro Recovery Service

Open Crypto Wallet

Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.

FAQ

Will Dogecoin reach $1?

Despite the fact that Dogecoin has seen significant growth in recent years, its price predictions indicate that it is unlikely to hit $1 in the next few years. However, experts are hopeful that it would cross this mark at least by the end of this decade.

How to buy Dogecoin?

One can get Doge tokens easily from the eToro trading platform by following some simple steps: Create your account on the eToro platform, Upload ID and complete the KYC process, deposit the required funds, and then purchase your favorite Dogecoin.

What is the Dogecoin?

Dogecoin is a peer-to-peer, open-source cryptocurrency that was developed by software engineers Billy Markus and Jackson Palmer. This meme coin has the picture of a Shiba Inu dog as its logo, and it was launched in December 2013.

Is Dogecoin a good investment?

Dogecoin’s huge volatility might have frustrated its investors; however, it remains a great investment option for crypto beginners. Given its affordable prices, one can buy Dogecoin for now and hold it for an extended period. Considering its positive price predictions for the upcoming years, you can sell these tokens whenever this crypto has a bullish run in the market.

Best Dogecoin wallets in the UK

3 Best Dogecoin wallets in the UK

Where to Buy and Hold Dogecoin in March 2023