How to Buy And Store Dogecoin in 2021 • CryptoMode
Dogecoin remains one of the most popular alternative cryptocurrencies on the market. Even at a price of over $0.05 per DOGE, many people try to get in on the action. Finding the right way to buy Dogecoin and moving it to a personal wallet is essential.
The Mobile Options
Obtaining Dogecoin can be done through various service providers who rely on a mobile application to cater to consumers and institutions. Notable examples include Crypto.com, Guarda, and Blockfolio. These are the only companies that will let you withdraw DOGE to your personal wallet. Services like Voyager, Robinhood, AnchorUSD, and others do not have this option, limiting the amount of control you have over your funds.
Some people may argue that Cash App will introduce support for Dogecoin soon. To this date, that rumor is completely false, as Cash App only supports Bitcoin.
Brokers And Exchanges
The most straightforward way of acquiring Dogecoin – and any other cryptocurrency – is by using a broker or exchange. These companies will require users to either verify their identity or deal with very low purchase limits at first. Companies to explore include Binance, Coinbase, Litebit, BTCdirect, Anycoindirect, Bittrex, and many others. Always move your DOGE funds to a personal wallet after completing a purchase, though.
Bitcoin ATMs Support Dogecoin
It may come as a surprise to some, but a growing number of Bitcoin ATMs come with support to purchase Dogecoin. With 2,468 machines worldwide offering this option, it is an excellent way to acquire DOGE [albeit at a premium] quickly.
As over one in seven Bitcoin ATMs supports this functionality, it makes an exciting option that most people may not even think about.
Which Wallet For Dogecoin?
Dozens of cryptocurrency wallets support Dogecoin today. Exodus remains the number one wallet for most users’ cryptocurrency needs today. It has a very solid reputation and supports many different crypto assets, making it a versatile solution.
For those who prefer to use a desktop wallet, the Dogecoin Core client is the best option. Securing it with an extra password may prove worthwhile, as it is pertinent to keep funds safe from harm. It may take a while to synchronize your desktop wallet with the Dogecoin network, but be patient, as it will complete over time.
There are also a few wallet options for Android and iOS, all of which can bring something unique to the table. Finding the solution that suits your needs is essential, as no two users are alike in this industry.
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