dogecoin wallet
Dogecoin is a cryptocurrency that can be easily exchanged for rubles, dollars, euros or any other currency in the world. To date, it has become very popular among fans of digital money. The currency has good volatility, and I was especially surprised by the exchange rate against the dollar, which rose by 2017. An important advantage of Dogecoin crypto coins is that they are present in almost every trading pair. You can also collect coins for free.
What is a dogecoin wallet?
Dogecoin is based on Litecoin, but the system subsequently became more complex and its value increased. At the end of 2017, the situation returned to normal and the exchange rate was in a stable state. That is why you should not miss the opportunity to earn on this resource with the help of dogecoin faucets. Moreover, this cryptocurrency has become one of the most reliable and profitable. Students, the unemployed, and pensioners become users of the currency. Anyone can help their own budget by simply registering on the official website. Novice users have many questions about registering on the site, conducting transactions.
Benefits of dogecoin wallets
Dogecoin got its name from the Internet meme Doge, and the logo shows the muzzle of a dog of the Shibainu breed. Cryptocurrency occupies a worthy place in the digital gold market. The benefits include:
- Dogecoin is an opportunity for many to earn, albeit small, but still amounts. For free replenishment of the wallet, "faucets" are used. These are sites that transfer small amounts to a wallet account as a reward for using the service. Popular faucets include FreeBitco and FreeDoge. If you work hard during the day to get the desired currency, then at the end of the day you will get a good amount. Working with services of "faucets" integrated with Faucetbox gives an excellent result: in five minutes you can get up to 10 Doge, and 13,000 Satochi in less than an hour.
- Instant exchange. The speed of the Litecoin system is preserved, so transactions are signed instantly. And you no longer have to wait up to three days, as with a classic Bitcoin wallet.
- Dogecoin transaction fees are really low. Even when using a crypto wallet on the Cryptnator service, which is not distinguished by low commissions, the operation will be quick, you will have to pay the minimum fee.
- Convenience in using the service is achieved due to the absence of a limit on emission, so virtual coins will be issued exactly in the amount that users need to complete transactions, subject to a normal economic situation and an increase in trade.
- Ruble operations are carried out on special resources. For example, on Exmo, this can be done quickly and without unnecessary questions in 4 clicks. It should be borne in mind that you will first need to exchange dogs for bitcoins.
- Anonymity. For a Dogecoin wallet, it is not at all necessary to provide personal data. You can make transfers or purchases immediately after creating a wallet.
- Safety during operations gives you confidence in the future.
- The participation of the community in charitable events and the clean reputation of the new payment system, which was not tarnished by scandals with the black market, the arms trade.
- You do not need to have an advanced computer to start buying coins, as, for example, to conduct transactions with bitcoin. A regular laptop is just right for investing in Doge.
How to create a Dogecoin wallet?
There are several ways to create a wallet:
Register an online wallet using the following instructions:
- Open the official cryptocurrency website on the computer and select the wallet tab, then "New wallet". If the wallet was created earlier, click on the adjacent "Existing wallet" button.
- You will then need to enter your email address and create a password.
- After filling out the form, the “Create wallet” tab appears, it is circled in green.
- And after another 4 seconds, a message arrives with the identifier of the personal account.
- And nothing else is required from users, since the wallet has already been created. The process is very similar to creating a personal account in Blockchain.
On a computer, creating a wallet is also easy to design:
- Before directly creating a wallet, you need to download and install the desired program. MultiDoge. This free application replaces the registration on the official site, due to the fact that it is based on the site.
- The program is installed normally.
- After installation, you need to wait for the end of synchronization. A new wallet is immediately created, if necessary, you can create more than one payment instrument. We set a password for each wallet for the security of transactions.
- The MultiDoge program for the convenience of users has acquired the function of importing and exporting keys. It is very important to keep secret keys and passwords. If you need to create a new wallet, it's easy to do, just import the keys.
Cryptocurrency is suitable even for a long-term investment, especially since their popularity in society is growing.
Flaws
Among the shortcomings, one can note a low exchange rate, unlike the Bitcoin system, as well as difficulties with withdrawing funds. Dogecoins are not very common, so to convert them into rubles or another currency, you must first exchange the currency for bitcoin and only then sell it for dollars
Alternatives
As an alternative to Exmo, you can sell Doge coins on other resources, such as Yobit.net, Livecoin, C-CEX, HitBTC and others. You can also buy or exchange coins on these sites.
Nuances and possible problems
Most users sooner or later have problems using the Dogecoin wallet, this is due to technical malfunctions or difficulties with the wallet itself. Typical problems:
- There are no mandatory transactions. In this case, restarting the wallet can help. If this does not help, then there is a high probability that the block chain has split. You need to update the wallet for this, download the latest program, install it and go to the configuration storage folder, then copy wallet.dat, delete the “bladat” folder, run the updated program, the correct block chain starts to run.
- The entrance to the wallet is blocked, an inscription in English appears: “Failed to check whether you have 2FA enabled”. To solve the problem, it is worth entering in the login line not the wallet address, but the wallet ID itself, that is, 36 digits. Then, after logging in, you need to click on the "Import Export" boxes and copy the encrypted and unencrypted wallet. It is mandatory to make a copy of the "paper wallet".