Best Dogecoin App 2024 – Top Apps Revealed

The best dogecoin app for storing and trading tokens include MetaMask and BitStamp. This article will review each app to reveal the let features, pros and cons and how to use them for your DOGE. Keep reading to find out about the best Dogecoin apps in 2024.

A Closer Look At The Best Dogecoin Apps in 2024:

Best Apps For Buying Dogecoin

The best Dogecoin app should offer deep liquidity (OTC trading), a mobile interface with powerful and intuitive API, licenses in the EU and US, military-grade security, and cold wallet storage for most of its assets. Fortunately, the apps we will review have all or most of these features.

BitStamp

BitStamp isn’t new to the cryptocurrency industry. With over 11 years of global servicing retail and institutional traders, BitStamp has solidified itself as a foremost crypto trading platform. A powerful and intuitive mobile application, dedicated services for institutional traders, crypto staking features, and tradingview with over 106 technical indicators – It’s no wonder the crypto application has over 40 million active users and is one of the largest cryptocurrency exchanges in the world.

Key Features

Security:

BitStamp employs military-grade security protocols to protect the assets of users from malicious attackers. First, 90% of all cryptocurrencies on BitStamp are stored offline in a secured cold wallet. The platform also offers security features like prevention of unauthorized access and whitelisting of withdrawal address (with this feature, if you withdraw from an address that isn’t whitelisted, BitStamp will notify you and request for a 2FA confirmation before approving the withdrawal.

Crypto Earning:

BitStamp allows users to earn cryptocurrencies or ROIs on their crypto assets when they stake. Staking is a simple process where you lock up some of your assets with the platform and earn APYs. At the moment, BitStamp does not support dogecoin staking but supports Ether and Algorand with 3.42% and 1.6% APY, respectively.

Customer Support:

BitStamp offers 24/7 customer support through email and social media. You can also easily access your account manager and get expert tech support.

OTC Trading:

BitStamp OTC (Over the Counter) RFQ service allows institutional investors to access ultra-competitive prices on crypto assets from multiple liquidity providers, resulting in the execution of large orders in a single transaction. With OTC access, investors need not worry about slippage and can anonymously choose the best price from an OTC vendor. Enterprise-level liquidity and real-time data streams of crypto assets, including API documentation for custom trading, make BitStamp one of the most formidable exchanges for large order execution.

Regulation:

BitStamp is regulated in the United States and European Union and is licensed to fully operate and offer its services to citizens within these regions. BitStam also operates in other regions like Asia, Australia, and Africa, amassing over 40 million users.

Mobile Application & Tradeview:

BitStamp executes trading over its mobile application and Tradingview for the web. BitStamp mobile application is phenomenal and mimics the features of its tradingview product. On mobile, you can perform simple beginner-friendly trading. You can also access pro tools, technical indicators, and drawing tools on charts. The tradeview also has over 106 technical indicators, all beautifully and seamlessly displayed over the trading chart.

Pros

• BitStamp has a sophisticated mobile application.
• Licensed to operate in the United States and all of Europe
• Offers deep liquidity to institutional investors
• Offers 24/7 customer support
• You can stake certain cryptocurrencies and earn impressive APIs on them.
• Tradeview and mobile app are beginner-friendly.

Cons

• Doesn’t support dogecoin staking.

Your money is at risk.

Best Apps For Storing Dogecoin

MetaMask

MetaMask is the gateway to Web 3 applications, allowing users to purchase tokens of P2E and blockchain applications and exchange tokens over a secure channel. MetaMask houses ETH, the native token of the Ethereum blockchain, and also hosts other ETH variants. With MetaMask, you can swap or buy tokens, regardless of the token volume and still be assured of getting the most competitive price on the market.

Key Features

Beginner friendly user-interface:

MetaMask allows users to buy, sell, and, recently, swap cryptocurrencies over its mobile application or browser extension. Creating an account is easy and can be done in less than a minute. MetaMask gives you a secure vault where you can store your tokens and exchange tokens over a safe and secure medium.

MetaMask swap:

With the swap feature, you can swap tokens at competitive prices. MetaMask accesses liquidity providers on your behalf and finds the best market rate for your BUY orders, regardless of the token. For example, if you needed $3,000,000 worth of Dogecoin, it might be impossible to find an exchange that will be able to provide such volume immediately, within the market price. Such demand can lead to a hike in the price of dogecoin within the exchange. With MetaMask swap, you can buy such volume because the app links your order to liquidity providers like UniSwap, AirSwap, Curve, and 1inch, which render services to institutional investors. With institutional inMetaMask’s new Swap feature lets you swap tokens at the most competitive prices. For example, MetaMask accesses liquidity information of DEX’s liquidity pools and DEX aggregators like UniSwap, AirSwap, Curve, 0XAPI, 1inch, and Paraswap. With such data, you can execute positions with DEXs with the largest liquidity and save money from spreads.

Gateway to blockchain apps:

MetaMask is the gateway to most blockchain applications, including NFT-powered metaverses, play-to-earn games, and decentralized applications. This is because most decentralized applications are created on the Ethereum blockchain and need Ethereum either as a sub-native currency or as a means of exchange for the app’s native currency.

Privately interact with Web 3 applications:

MetaMask helps users interact with Web 3 applications, allowing people to buy and sell NFTs and lands and exchange digital assets. MetaMask connects with the bridges of Web 3 applications and provides Ethereum as a means of exchange for other tokens. Reversely, you can convert these tokens back to Ethereum and withdraw them as fiat currency. MetaMask’s interaction with blockchain apps is conducted over private channels; that is, MetaMask does not exchange user data with third parties.

Pros

• MetaMask allows you to interact with Web 3 applications, swap tokens, and purchase native currencies of blockchain apps.
• Has established itself as the foremost Ethereum store in the industry and employs military-grade security to protect users’ assets.
• Swap tokens over a seamless interface. As long as MetaMask supports the token, you can always swap it.
• Buy and sell tokens at will without worrying about slippage. MetaMask interacts with top liquidity providers to provide the most competitive prices of tokens.
• Interact with other blockchain apps without revealing important data. MetaMask stands as a gateway and executes your orders privately.
• Store Ethereum and other tokens in a secure offline vault.

Cons

• Swap fees are not defined and can be influenced by factors like volume and asset type.

You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade.

Are Crypto Apps Safe To Use?

Before the invention cryptocurrency apps or online exchanges, people had to use physical brokers for trading assets. With digital technology, you can now buy crypto, stocks, and currencies with a few taps.

In general, reputable crypto apps are safe to use. However, it’s important to trade or store your cryptocurrency in a safe environment and follow the necessary protocols to keep your assets safe.

Here are some things to consider before using crypto apps in 2024.

Cryptocurrency regulation

Regulatory agencies ensure that exchanges follow industry-standard practices and protect their clients at all times. Every region has its regulatory body, and each of them has a thorough review process for crypto apps before allowing them to legally offer certain services to people within the region. Australia, for example, has the Australian Securities and Investments Commission, a body that oversees the safety and security protocols of financial institutions, including crypto exchanges, forex, stock, and trading platforms of every other instrument. The United States has the SEC – Securities Exchange Commission. The UK, FCA. China, the EU, and other regions also have their regulatory bodies. Before signing up to a crypto app, ensure that the app is regulated by the proper agency and is licensed to operate in your country.

Storing your crypto assets or trading crypto assets over an unregulated exchange devoids consumer protection. International and national agencies often pursue consumer protection, ensuring that customers get a fair share of their investments in the case of an exchange’s liquidation. The legal process will not cover you if you use an unregulated app.

Security and privacy

The security of an app is one of the most crucial factors you must consider before using one. A secure app should store your assets offline. Offline storage has become popular today because crypto exchanges and defi apps or blockchain apps are often targets of malicious hackers. A good example is the Lazarus Group, a group of North Korean-based hackers that are responsible for hundreds of millions of dollars of missing funds. With a cold wallet, your assets are offline and inaccessible to such hackers.

Security protocols: Industry standard crypto security should be military-grade. While the security page of most crypto apps is filled with technical jargon, you can assess the security protocol of an app by reading up its history. The best dogecoin wallet apps should have few instances of security breaches and a transparent and empathetic process that they follow in the case of a breach.

Data sharing: The best dogecoin apps should offer deep liquidity, especially to enterprise clients that buy assets in large volumes. To make this work, exchanges often collaborate with the best liquidity providers in the market to help you find the most competitive prices for your OTC orders. You must read up on the app’s privacy process to ensure that your trades are executed anonymously. With anonymous execution, you can create orders and your platform will interact with OTC vendors on your behalf without revealing even the tiniest detail about the customer.

Insurance: Insurance covers customers and ensures that they get fiat value for their cryptocurrency assets if the exchange liquidates. The FTX situation is commonplace today, with many customers wondering if they will ever get their funding back. FTX recently filed for bankruptcy, and amidst stories of gross negligence and oversight from the government, malpractices and shady business dealings of the top executives, and outright theft, many investors have come to understand that they must store their holdings in exchanges and companies with airtight insurance and consumer assurance.

Crypto app scams

Crypto app scams are commonplace, and scammers use many strategies to infiltrate an organization’s network. Crypto scams can be organizational and individual. Let’s have a look at some of the common scams and how you can better protect yourself.

Organizational scams

An organizational scam targets a company. Such scams can be inside (scams that are orchestrated by the owners of the exchange) or done by external actors. In 2022 alone, more than $1.4 billion has been lost on cross-chain bridges (a cross-chain bridge is like a portal where blockchain apps can interact and exchange assets). Crypto exchange, Wormhole, lost $320 million to cyber attackers this year, and the figure is expected to rise over 2023. Rug pulls are also common in the cryptocurrency industry. In the Thordex Scam, the founder of the Thordex exchange disappeared into thin air with more than $2.6 billion of investor money. Consumers also lost their investment to OneCoin, a once popular cryptocurrency exchange, after the founders stole between $4 billion and $15 billion of customer money. The Squid Game scam, a scam orchestrated by the founders of the Squid Game (SQUID) token, is another notable rug pull.

The bitter truth is that, like all financial institutions, even the seemingly secure can be hit with internal or external cyber-attacks. However, the private nature of blockchain apps and cryptocurrencies makes it easier for founders to pull out investor funds and disappear. To protect yourself from organizational scams like rug pulls and mass cyber attacks, follow these safety tips:

Individual Scams

These are scams that target retail investors. Let’s explore some:

Phishing scam: Some cryptocurrency scammers use romance strategies to lure their unsuspecting victims into revealing sensitive data like their exchange logins. To avoid this scam, you should never divulge sensitive information to an online lover. While love often blinds us to seeing the real motive of our partners’ actions, principles like ‘Never give a partner your login credentials will save you from an embarrassing tale.

Malicious links and buttons: Crypto scammers sometimes insert malware in links and buttons. Once these malware gain control of your device, they can mirror your activities and give scammers access to exchange websites and websites or apps of other financial institutions you use. Malicious links can be embedded in emails, download links of torrent websites, links to get discounts on gadgets, and SMS. Malicious buttons are embedded in emails. To prevent hackers from gaining access to sensitive exchange data, follow these safety protocols:

Scam websites

Crypto scam websites are usually easy to spot. Most of them follow the same mode of operation – shabby-looking websites that promise you mouth-watering returns on your cryptocurrency investment. Let’s have a look at the features of crypto scam websites:

What Dogecoin Apps are Available in The US?

BitStamp holds a New York Department of Financial Services license and can operate in the state. BitStamp might not operate in your state if New York’s license does not cover its operation within the specific state.

MetaMask is an open-source program used by many other applications; hence the application’s licenses will determine if you can use it in your state.

Can You Use Dogecoin Apps To Buy Other Cryptos?

Yes, you can use the best Dogecoin apps to buy other cryptocurrencies. Most cryptocurrency apps allow you to buy other cryptocurrencies like Bitcoin and Ethereum, but crypto listings may differ.

How To Buy D2T- The Next Big Crypto Token

D2T  is the native token of the Dash2Trade platform – a crypto analytics platform that intensively studies crypto assets and their behavior in the market and advises customers when to buy and sell. The platform obviously is incredibly popular because of its powerful algorithm. At the moment, more than $6 million worth of the D2T token has been purchased in the Presale 3 stage. To buy the D2T token, follow these steps:

Open a MetaMask Wallet

• Visit your Chrome extension page and search for MetaMask. The real MetaMask extension should have over a million downloads.
• Add MetaMask to your Chrome extension.
• Launch it and sign up.

• If you already have a wallet, select Import Wallet. If not, select Create Wallet. 
• Fill in your email address and password.
• Get your 12-word seed phrase and store it somewhere safe. Confirm the seed phrase.

Buy the D2T Token

• Visit the Dash2Trade website
• Click Connect Wallet. Select MetaMask wallet. Select Buy with Ethereum.
• Ensure you have enough Ethereum in your MetaMask wallet for the value you want to buy and gas fees.
• Once your wallet is connected, input the number of D2T tokens you wish to buy. You can only buy a minimum of 1000 D2T tokens.
• Submit your transactions.

D2T KYC Process

D2T powers all its transactions through Transak, and you will need to complete a KYC process before your order completes.

• Fill in your details and submit a government-issued ID card.

Once Dash2Trade processes and confirms your ID, your payment will go through. You can claim your D2T token once the presale ends.

Your money is at risk.

What Are The Advantages Of Using An App To Trade Dogecoin?

Manage orders on the go

Imagine managing your orders, monitoring your positions, opening more positions, and monitoring the market anywhere you go. With an app, you do not need to sit in front of a laptop to manage your portfolio. When you use an app to trade Dogecoin, the world is at your fingertips, and you can access the power of a web trader on your mobile device.

Easy-to-use interface

The best Dogecoin apps have an easy-to-use interface that makes it easy to navigate the market and place orders. The best apps have excellent layouts and can be easily navigated by users. BitStamp and other apps like Crypto.com have created apps with interfaces so seamless and easy that any user, regardless of his trading experience, can explore them.

Low costs

Before mobile applications, trading had to be done via brokers. Brokers often charged enormous amounts of money before you could invest in stocks, crypto, and other instruments. Today, an app brings trading to everyone’s fingertips. Apps like BitStamp have tens of millions of active users (people who would normally not be able to access these markets). Today, you can execute a trade in less than a minute, and you will pay a tenth of what you would normally pay if you were using a broker. The great thing about these apps is that they also offer enterprise services to institutional clients. For example, OTC trading is incredibly easy to process, and traders can execute enormous volumes of trades within minutes and at the most competitive price.

Social trading 

Social trading has become an important part of trading these days, and many users appreciate apps that let them connect with other traders. Some of the best trading apps have maintained an active social trading community backed by a sophisticated copy trading system. Let’s explore how social trading and copy trading works:

1. You can interact with pro and beginner traders, share trading experiences, and learn trading strategies.
2. Get easy access to trading resources and tools, and learn how to use technical indicators for trading decisions.
3. Copytrade the strategies of pro traders and increase your chances of making money, even as a beginner trader.

But note that while it’s great to share trading tips, never share your platform credentials with anyone.

Best Dogecoin App in 2022- Conclusion

Objectively, the apps we explored all have features that make them special. BitStamp offers deep liquidity to institutional traders, and MetaMask has for a long time held the position as the best crypto storage app. However, each app also has its limitations that you should consider.

FAQs