In this short guide, we’re going to cover how you can safely protect your Dogecoin with a Ledger Hardware Wallet. This works for both the Nano S and Nano X versions.
Dogecoin is probably the most hyped coin in the current days, reaching values that nobody thought were possible. With solid help from Elon Musk himself, Dogecoin even surpassed Bitcoin in trade volume one day, making many people very rich along the way. This guide could not come in a better time, since now, more than ever, you should protect your Dogecoin with a hardware wallet like Ledger.
Also, in this guide, we will use Binance as an example exchange where you might have some Dogecoin tokens since it's the most popular of the ones you can buy Doge from, but the process will be very similar if you have it on a different exchange.
In case you already have Dogecoin on a different wallet. Just follow Steps 1 and 2, and send your Dogecoin from the wallet to that address.
What you'll need:
- A Ledger Nano X or S.
- Fully configured Ledger Live: Follow Ledger's guide if you haven't yet.
Step 1 - Install Doge App
Before we start, make sure you have your Ledger device connected to your computer's USB port and unlocked.
Open Ledger live and click on 'Manager':
Double-click on your Ledger to allow Ledger Manager:
On the App Catalog, click 'Install' on the Dogecoin app. Make sure you also have the Bitcoin app installed since it's a pre-requisite to install the Dogecoin app:
After a few seconds, the app should be installed successfully. Please don't leave this window since we will go from here on the next step.
Step 2 - Find your Ledger's Dogecoin Address
Click on 'Add Account':
Now it will ask your permission to open the Dogecoin app on your Ledger. Just double click on your Ledger:
After synchronizing, it will ask you to name your Dogecoin account. Choose your name and continue:
And you should have your Dogecoin account created.
You now have to select your Dogecoin Account by clicking here:
And click 'Receive':
Your Dogecoin address will now show up. Click this button to copy it:
This is your Ledger's Dogecoin address. You can send Dogecoin to this address, and your Ledger's hardware wallet will safely protect it.
Step 3 - Withdraw your Dogecoin from the Exchange to your Ledger's Dogecoin Address.
For this guide, we are using Binance, but the process is identical on any other exchange. Just go to your funds and withdraw your Dogecoin to the Ledger's Dogecoin Address we copied on Step 2.
Log in and click on Wallet -> Fiat and Spot :
Search for 'DOGE' and click 'Withdraw':
Paste your Dogecoin address, insert the amount of DOGE you want to send, and click 'Submit':
Now Binance will ask you for verification codes. Depending on the methods of security you have activated, they can ask you for a code sent to your email, a code sent to your phone by text message, and the Google Authenticator code if you have 2FA enabled.
Once that is done, your Dogecoin will be sent to your Ledger wallet, and it should arrive in under 10 minutes. In some rare cases, it can take longer, don't worry. If you make sure you withdraw your Dogecoin to your correct Ledger address, it will arrive eventually.
You can go to your Dogecoin Account on your Ledger Live program, and the Dogecoin you have withdrawn will appear there.
Feel free to leave a comment down below if you have any questions. We'll answer ASAP.