wallets. In simple terms, a wallet is essentially a software program that stores your public and private keys, allowing you to send and receive Dogecoin. There are different types of wallets available, including software wallets (mobile and desktop), hardware wallets, and paper wallets. Each type has its own methods for backup and recovery.
When you create a Dogecoin wallet, you typically receive a recovery phrase or seed phrase. This phrase is a series of words that acts as a backup for your wallet. It is crucial to store this phrase securely, as it can be used to recover your wallet in case of loss or damage.