At the same time, being an unregulated wallet increases the risk potential further.Ī more secure alternative to DogeChain is eToro, which as mentioned earlier, is fully regulated in all countries where it operates. Common security measures such as multi-signature control, hierarchical deterministic features and two-factor authentication are notably missing. This means that even in the unlikely event that all their servers suddenly crashed, users would still have access to their funds.įrom the above DogeChain safety features, it is clear that the service has not made security its main focus. Cloud StorageĭogeChain stores all the encrypted files corresponding to user wallet and account details on the cloud and not on servers. This places the power in the hands of individual wallet users as the service provider does not have control over user funds. Let us analyze the key DogeChain safety features: EncryptionĪll DogeChain wallet data is stored in encrypted form and can only be decrypted by means of a user password. You can check on the transaction status on a block explorer such as SoChain. Step 3: Copy the address by clicking on it and send it to the person making a payment Step 4: Wait for the funds to reflect in your account. Here is what you need to do: Step 1: Log in to your DogeChain wallet Step 2: Click “Receive” to view your DogeChain wallet address Receiving payments on DogeChain is as easy as adding funds to your account. How do I receive payments on DogeChain wallet? That’s it! The recipient will receive the funds in a few minutes. Step 5: Enter the amount Step 6: Confirm all details, enter your password and click “Send” Make sure to double check the wallet address of the recipient before pasting it. Step 4: Enter the recipient’s wallet address Here’s how: Step 1: Log in to your DogeChain wallet Step 2: Click “Send” Step 3: Select the address from which you are sending funds How to send payments on DogeChain wallet?Īfter funding your wallet, you may want to find out how to send payments on DogeChain wallet. Since DogeChain only supports Dogecoin, we will not be looking at how to transfer Bitcoin to DogeChain wallet, how to transfer Ethereum to DogeChain wallet or how to transfer Ripple to DogeChain wallet. Step 2: Click “Receive” to view your DogeChain wallet address Step 3: Click on the address to copy it and then paste on an exchange or other wallets where you have DOGE and then add the funds to your wallet. Next, we will look at how to add currency to DogeChain: Step 1: Log in to your DogeChain wallet How do I add cryptocurrencies to DogeChain Wallet? This is one of the most important steps as the recovery phrase will be necessary for recreating your wallet in case you ever lose access. Note that you will need to back up your recovery phrase soon after opening the wallet. That is everything you need to know on how to open a wallet on DogeChain. Step 2: On the page that appears, fill in your email address and password twice and once you are done, click “Create wallet” at the bottom of the page To get started, let us learn how to open DogeChain wallet: Step 1: Head over to the official DogeChain site, and click “Create wallet” on the right side of the screen How to open your DogeChain Wallet account The only charges you will incur are network fees (miners’ fees) which vary depending on network status. There are no DogeChain wallet fees for transacting on the wallet. What cryptocurrencies does the DogeChain wallet support? DogeChain wallet compatibilityĪs a web wallet, DogeChain wallet is only compatible with web platforms. In 2015, Block.io joined Cointelegraph with the purpose of diversification. The wallet came into existence in 2013, the creation of Glenn Marien but in 2014, Block.io from San Francisco acquired it. Sporting a minimalist design, the wallet serves the most basic wallet functions and has an intuitive user interface. It is in fact the official Doge wallet developed using the Block.io software. What is DogeChain Wallet?ĭogeChain is an easy to use online crypto wallet designed specifically for Dogecoin. If you still have doubts as to what the best service for storing your cryptos is, you can ead about Bitcoin wallets in this guide.
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