A Dogecoin wallet is necessary when making money by mining the DOGE cryptographic currency. Before you start buying and selling, you should find out what Dogecoin is and how to register your wallet.

[Hide]

What is Dogecoin?

Dogecoin is a type of cryptographic currency that appeared in 2013. Dogecoin was developed based on the Litecoin-based cryptocurrency Luckycoin. This is due to the fact that the developers tried to distance themselves as far as possible from Bitcoin. Dogecoins are referred to as DOGE.

The price of Dogikion today is $0.002626. Because of this, the currency is considered promising for investors, since it is likely that in the future the cost of one coin will increase to $1.

The key difference between this currency in terms of mining is that the user does not need an expensive farm to earn money. You can receive funds using only one regular PC. The work is carried out using special resources - cranes.

You can learn about the features of this cryptocurrency, as well as its prospects, from the video filmed by the channel “DIARY OF A MINING FARMER”

How to create?

Registration of a Dogecoin wallet in Russian in the Dogecoin Wallet system is possible in two ways; we will consider each of them in detail.

Dogecoin wallet on computer

Registering a cryptocurrency wallet on a computer is carried out as follows:

1. If you plan to work with currency on a PC, you will need a special utility. You can download the installation file from the official Dogecoin resource. When you go to the main page of the site, before downloading the program, be sure to indicate the operating system on which the computer is running. In the example, we will consider installation on the Windows platform.
2. Click on the corresponding icon, selecting the bitness of the operating system. If a 32-bit platform is installed on your computer, you will not be able to install the 64-bit version.
3. When you decide on the file type and click on the icon, the software will automatically download.
4. After downloading, the program is installed. The user performs standard actions, as when installing other utilities.
5. When the installation is complete, the e-wallet will open. The system will automatically assign him an address. You can find out by clicking on the “Get” button.
6. A new window will appear, in it you need to click on the “Request payment” item. An account number will open that can be used for transactions.

Select your computer's operating system Register an account in the system Click on the “Request Payment” button to find out your account number

Online wallet

You can register a cryptocurrency account online through the Dogechain website:

1. Go to the resource. On the main page of the site there is a section “New Wallet”, click on it and select “Create”.
2. A new page will open with a registration form. The user provides information about himself. After entering personal information, click the “Create” button.
3. Another window will appear where the unique client identifier is displayed. We recommend writing it down separately on a piece of paper. Using the ID, the user can log into the electronic wallet. Click on the "Open Wallet" button. A registered cryptocurrency account will open.
4. In a new window, the user will be able to see the Doge Address; it must be indicated on all resources where the user will earn money.

We recommend keeping the secret key for your electronic account separately in a safe place. It is located in a PDF file directly in the wallet. To find the secret key, click on the “My Wallet” button, and then select “Paper Wallet”. This will download the file to your computer's hard drive.

Benefits and features

What are the advantages of this currency:

1. Opportunity to earn free money. If necessary, the user can buy dogecoins, but if he needs to earn them, there are many resources on the network that allow him to do this.
2. A constant increase in the number of sites for making money. Dogecoins are not as popular as bitcoins, but their demand is growing every day. As a result, new sites regularly appear on the Internet that allow you to mine cryptocurrency.
3. Any user can earn Dogecoins.
4. The simplicity of the procedure for converting cryptocurrency into other money.

User Alex Jantar in his video told users about mining this cryptocurrency.

What features does the system provide to users:

• the possibility of converting dogecoin from legitimate currency;
• the user can transfer and send funds using NFC and QR codes;
• when registering an account, the user gets access to the address book, which shows the most popular addresses;
• the system warns users about the availability of new coins through notifications;
• To always know what balance is in the wallet, the user can install a special widget.

Video “How to earn dogecoins?”

The CRYPTO BUSINESS channel has made a video that provides detailed information regarding mining the DOGE cryptographic currency.

If you are tired of the hype around Bitcoin, we can please you. Cryptocurrencies are not limited to just Bitcoin. There are several thousand coins that are less known, but in some ways even better than the first cryptocurrency. One of the most popular newcomer cryptocurrencies is DogeCoin. And, for sure, it needs to be stored somewhere, and for this you need a crypto wallet.

This is a relatively inexpensive coin that is used for small payments. But to perform these calculations, you need to get a DogeCoin wallet. Today, you can easily find a wallet that supports the coin in question. There are different options - both for storing coins on a smartphone, computer, or simply virtual storage. Each has its own characteristics and advantages. But in order to get a truly reliable place to store your assets, you need to choose, taking into account the reliability and convenience of the services. Simply put, a Doge crypto wallet must be reliable. That is why today we will talk about what a DogeCoin wallet should be.

How to create a DogeCoin wallet

We decided that we couldn’t live without a wallet, and in order to get one, we needed to go through a certain procedure. To do this, you will need to create a Dogecoin wallet. Registration is simple and does not take much time. It will take no more than two or three minutes to complete it. See for yourself by going to DogeChain.info.

Further instructions look like this:

By the way, if the procedure is successful, that’s not all. To protect yourself, you need to keep your Private Key from your crypto wallet in the most secure place possible. It is located in a special pdf file. To get it, download the file to your computer directly from the wallet. To do this, go to the section “ My Wallet" and click on the button " Paper wallet" This will start downloading the pdf file to your computer. The file under the DOGE address will contain the private access key to the crypto wallet.

Types of DogeCoin wallets

Doge wallets come in different shapes, styles and types. Since DogeCoin is one of the fairly popular cryptocurrency options, finding a wallet will not be difficult: there is a choice, and a very good one at that. If necessary, you can choose a convenient wallet for any device, be it a computer or a mobile phone.

So, experts identify five types of crypto wallets that may be suitable for storing Doga. Let's talk a little about the most popular options:

Online wallets

If you don’t want to fool yourself with installing various programs, you can use web wallets. They are not much inferior to software-type wallets, but the DogeCoin wallet is accessed via the Internet, and all information is stored online. This is much more convenient, since access to all data is carried out virtually, which allows you to use cryptocurrency from any device. In addition, many services have appeared that offer virtual wallet services for storing DogeCoin.

Among the most famous are COINPAYMENTS, whose service operates in Russian, as well as VIRREX. But there are other crypto wallets that do not work separately, but are cryptocurrency exchanges with the function of storing coins. Among the most famous exchanges used as storage for Dogecoin are:

• BINANCE. They choose this exchange because it has the highest cryptocurrency turnover in the world. But there is no fiat money on the exchange;
• EXMO. This is also a very large platform that has been working with cryptocurrencies since 2014. This is a Russian site, therefore it is very convenient;
• YOBIT. An exchange where you can store many cryptocurrencies, including Dogecoin.

To go to any of these crypto wallets, you just need the Internet and a device from which you can go there. This is the main advantage of such wallets. But among the disadvantages we can highlight the fact that the safety of funds does not depend in any way on the owner of the cryptocurrency. For example, if the exchange is hacked, it will not be possible to return Dogecoins. Of course, if the exchange itself does not compensate for losses. Therefore, you should be careful when choosing online services.

To get the DogeCoin wallet address, just register on the exchange and go to the wallets section. There it remains to find DogeCoin and create a storage. Then you can transfer money to this account.

Software wallets

This is a cold wallet for storing DogeCoin, downloaded and installed on your computer. And the name is like that because a wallet is essentially a program.

These programs are considered one of the most popular and reliable ways to store newly minted Dogi coins. On the computer they will be, if not completely safe, then under relatively good protection. It’s just that when using this version of wallets, all control over the cryptocurrency is concentrated in the hands of the person who owns the computer and who has all the access keys. In addition, there is always the opportunity to install additional protection.

This is why users choose this type of wallet. Moreover, many of them are multi-currency. However, we must not forget that there are a number of disadvantages. For example, if after reinstalling the system or breaking the laptop, the file is erased, then all funds in the DogeCoin wallet will be irretrievably lost. You will no longer be able to use this wallet, even if you install it again.

To avoid such unpleasant situations, it is recommended to make a couple of copies and store them in an inaccessible place. In addition, after installing the type of wallet in question, you need to synchronize it with the network. Because of this, you will have to sacrifice quite a significant portion of the space on your computer. And the computer itself must be in good condition.

An example of such a wallet is the official DOGE wallet, which can be downloaded from the following link. Next, you need to choose which operating system you need the application for. Since we have a computer, let's consider the option for Windows OS:

• Select the Windows system level. There is a 32-bit or 64-bit version;
• The program will begin downloading, and when it is on the computer, all that remains is to install it and synchronize it;
• To get the address for your newly created wallet, you need to open it and press the “ Get" And " Request payment».

Now we replenish the DogeCoin wallet and we can use it.

List of DogeCoin wallets

Dogecoin wallets can be different. That is why, when choosing which wallet of this type is best, you need to look through the entire list. We have selected several crypto wallets that have a user-friendly interface. And at the same time, all the services under consideration are distinguished by the secure storage of Doge:

But there is not enough information provided here to select any of the listed wallets. For example, what if you keep your coins in a cold DogeCoin wallet, but it turns out to be of poor quality? Knowing at least general information about it, you can reduce the likelihood of error. That's why we've done a broader review of each of the wallets presented - to avoid any unpleasant surprises.

Dogecoin Core

Dogecoin Core is the official wallet for the cryptocurrency in question. If you use the full version of the wallet, it can be installed on almost all PCs and even mobile phones. Essentially, this is the most secure wallet that exists for DogeCoin.

• Ability to work with all popular operating systems. In particular, on Windows, Android, OS X, Linux;
• Fast work;
• Convenient minimalist interface, so it’s easy to search for the necessary information in your wallet;
• A high level of security, thanks to which the password on DogeCoin is not the only precaution. The system is protected from any attacks from hackers or other problems.

The disadvantages include the following:

• The wallet client weighs at least 20 GB;
• Long synchronization, during which it is advisable not to touch the computer;
• The need to frequently back up data to save money if something happens to the computer.

Overall, this wallet deservedly gets the top spot on our list. And not least because of its official status, which ensures complete security of money.

MultiDoge

This is a lighter version of the wallet described above. It is known for the fact that transfer to DogeCoin address here takes very little time. This is a definite plus of the wallet in question. Its advantages:

• This is a compact version of the crypto wallet for Dogecoin. It takes up little space and loads more than quickly;
• The official wallet is available in Russian, so the interface is understandable to everyone;
• The interface is convenient even for inexperienced users;
• The operations take little time.

Among the disadvantages are:

• The wallet does not provide for receiving payment from mining;
• Due to the fact that the version is lightweight, the level of security is not as high as in the main model.

But otherwise, after downloading, you will see that this Dogecoin wallet has the same parameters as the main version.

Wowdoge

WowDoge
is another compact Dogecoin wallet. It was originally designed to get rid of all the inconveniences of classic-type crypto wallets.

Wallet advantages:

• You don't have to wait long to download the entire Blockchain;
• Smooth, logical interface, thanks to which this wallet is called the easiest to learn and use;
• New features are added based on user requests;
• The wallet software is free and open source;
• The wallet takes up only 15 megabytes of space on your computer;
• The commission for the DogeCoin wallet is minimal. It is set by the user himself depending on his capabilities;
• There are versions for operating systems Windows, OS X, Linux.

There are very good reviews about this wallet on the forums. Of course, sometimes there are critical statements, but usually they are associated with some sluggishness of the service on certain versions of the OS.

Kryptonator

I can talk endlessly about this wallet. It is truly one of the best, not least because it has the following advantages:

• Can work with several cryptocurrencies at the same time. In addition to cryptocurrency, Doge supports 18 coins. Among them are Bitcoin, Blackcoin, Monero, Peercoin, Dash, Primecoin, Redcoin, Emercoin, Zcash, Litecoin, Ripple, etc. In addition, fiat currencies can be stored on this wallet;
• You can exchange cryptocurrencies inside the wallet;
• Has good protection. Users always need to go through two-factor authentication to get into the wallet. In addition, there is protection against entry from unfamiliar devices;
• The DogeCoin wallet has the ability to work in Russian;
• The service has a clear menu and guarantees clients complete confidentiality and security of transfers;
• Cryptonator can be accessed anywhere in the world.

Negative points:

• Previously, it was possible to withdraw money to bank cards and Yandex.Money, but now this service has been cancelled.

DogeChain

Another good DogeCoin wallet. This is a virtual version of the classic wallet.

• Works online;
• You can access it from any device;
• You don't need to sync to get your wallet address;
• It only takes two minutes to register.

Disadvantages include insufficient security. But this is typical for almost all online wallets.

Freewallet

The Freewallet project was presented as a way to solve pressing issues regarding the storage of cryptocurrencies. And all thanks to the ability to create high-quality mobile cryptocurrency wallets.

This wallet has been working since the beginning of 2016. During this time, the storage was only improved, turning the mobile application into a full-fledged wallet for storing the most popular cryptocurrencies.

• The ability to store Bitcoin, Litecoin, Dogecoin, NXT, Dash, Ethereum, Steem, ZCash and Monero on one unified interface;
• The wallet does not need regular backups;
• A three-level data security system is observed. You can log in by having a security code, confirming your email and entering your mobile phone number. This technique allowed the Freewallet project to achieve almost the same protection as in the banking industry.

Freewallet is an already synchronized application for working with Dogi. That is, after installation, the full wallet options will be available immediately. In this case, the bulk of user assets are placed in cold storage. This will protect your money from the greedy hands of criminals.

Block.io

Block.io
- a good service where you can store Dogs. But storing DogeCoin is not the only thing this wallet can be useful for. In particular, it is often used to store other popular cryptocurrencies. Such as Bitcoin and Litecoin, for example.

Let's now look at the features of the resource and whether this virtual wallet can really be trusted:

• The first thing the user notices is that the interface is in English. Because of this, a lot of things may be incomprehensible to the Russian-speaking audience. But all sections are placed conveniently, therefore, even without knowing the language, you can logically guess what is located where;
• You can create an account directly on the website by clicking on the " SIGN UP" After this, all you have to do is enter a couple of details, and in a few minutes you will have your wallet;
• The resource is multi-currency, even if there are few currencies with which it works;
• There is a so-called Secret Mnemonic", which will be useful if the owner of the crypto wallet forgets or loses the password. Then, through this function, access to money can be restored;
• Within the system, you can create an unlimited number of wallets in each of the directions available here.

But users often write on the Internet that they have difficulty withdrawing cryptocurrency. This must also be taken into account before registering for the service.

The Dogecoin cryptocurrency is very popular, and anyone who even slightly works with digital currencies will have to deal with it. For example, collecting this coin for free from the best doge faucet in the world - . Dogecoin is present in trading pairs on almost every exchange; not every currency can boast of such attention to itself. This currency has quite high volatility; I was especially impressed by the dogecoin exchange rate to the dollar, which grew wildly in the spring of 2017. There are incredibly many wallets for this currency, but which one should you choose, and what should you consider when choosing?

Dogecoin wallet #1 - Exmo exchange

The best option in recent years is what most users use. A very profitable and reliable wallet, as it is part of a top international exchange, which opens up unprecedented opportunities.

• Fast and uncomplicated registration, after which all the functionality of the platform opens
• Minimum entry fee is only 10 Dogs
• Fast and reliable translations
• High reliability of the exchange - some users work there with hundreds of thousands of dollars
• In Russian
• The most important advantage: since this is a powerful exchange, it is possible to instantly and without commission exchange Dogs for other cryptocurrencies, or for fiat (rubles, dollars, euros and hryvnias). You can also withdraw in any direction and in any form (be it in the form of crypt or fiat). That is, you can immediately exchange dogecoin for rubles, dollars or hryvnia in your wallet, and immediately withdraw it to popular payment systems such as Webmoney, Yandex-money, Qiwi. You can also withdraw to a bank card, or even to the balance of popular mobile operators (MTS, Beeline, Megafon, etc.). The whole process takes just minutes. Detailed instructions with Exmo can be read in the corresponding article.
• A simple and intuitive interface - to find out the address of your wallet, just go to “wallets”, and opposite doge click on “top up”.

Wallet #2 – Dogechain

The most popular but at the same time primitive way of storing this currency is located directly on the official website of the Dogecoin blockchain explorer. Registration in a matter of seconds - after clicking on create wallet, you just need to enter your email and create a password. The interface language is English, but everything is simple and extremely clear. You can send dogs directly from your wallet to any address - to do this, click on send and enter the required amount. The transaction fee is only 1 Doge. Very nice and fast wallet. And most importantly, the most reliable.

There is only one downside to this wallet: since this is not an exchange, you won’t be able to buy Dogs directly from the vault, sell them for money or exchange them for other currencies (and on Exmo all this is done in a matter of seconds and without commission). And in order to do all this, you will have to once again “transfer” assets somewhere. Although, all this is not such a problem, considering that the commission of the Doge network itself per transaction is only 1 doge.

But in any case, this is precisely where Dogechain is inferior to EXMO. Therefore, the first option is the most profitable and most convenient. Just understand that this is not a currency that is purchased for millions, and therefore you don’t have to be afraid of exchanges.

Prospects

If you try to make a forecast for the future, it is worth recalling that, like other popular cryptocurrencies, despite frequent and strong fluctuations, the dogecoin rate ultimately only grows! And this trend will definitely continue for the next 2 years. And in general, it’s a bit of a pity that this coin is not top-end, because the characteristics are quite good. Personally, the author of the lines generally enjoy working with them - the transactions are very fast, and the commission for the transfer is simply ridiculous! In this regard, we do not get tired of repeating - hurry to mine and invest in cryptocurrencies - now this is the best type of investment!

Did you like the article? Share on social networks!

Today, there are a huge variety of cryptocurrencies on the Internet, each of which has its own value and is mined in its own way.

One of the common cryptocurrencies is DogeCoin. Just like the well-known cryptocurrency Bitcoin, it can be easily and completely free, which is what many people actually do. However, before you start mining it, the first thing you need to think about is where you will store what you get, right?

DogeCoin, like any other cryptocurrency, is stored in a special wallet, which, by the way, can be created in several ways:

1. Using programs;
2. Using online services.

You can familiarize yourself with all the options for managing and creating a DogeCoin wallet on the website - “”. There, in the center of the site, they will all be listed:

It is worth adding that in addition to the online services available on “”, i.e. browser dogecoin wallets, there are other options for creating it, which can be implemented using the following services:

1. is a universal cryptocurrency online service with which you can create a wallet for absolutely any cryptocurrency, in any quantity, including DogeCoins.
2. is a popular cryptocurrency exchange that can be used as a wallet for storing DogeCoins, as well as for exchanging and cashing out any cryptocurrency.

As practice shows, many people want to earn DogeCoins, but not everyone knows where it is better to create a DogeCoin Wallet and how to do it. That is why I decided to devote my post today to a detailed description of the process of registering a DogeCoin wallet.

How to create a DogeCoin wallet

I have already mentioned above that you can create a DogeCoin wallet using both special programs and online services. Based on this, I am sure that the question will immediately arise in your mind, which option to choose, or, well, which one is better, right?

I will answer this question this way: everything depends entirely on preferences, which everyone will have their own. This means that it would be quite logical to assume that it will be more convenient for one to use a software wallet, and for another, an online wallet.

As for reliability, there is not much difference, and for both types of wallets, it is more than good. The only thing you must understand is that the DogeCoin software wallet will require you to install a separate program on your computer or smartphone/tablet. And every time you need to check your balance or transfer coins, you will need to launch this program, which is not always convenient, especially when you access the Internet from different computers and mobile devices. Plus, don’t forget that you will need to allocate a certain amount of space on your computer (~20 GB) or mobile gadget (~2.5+ MB) for the wallet.

Therefore, it seems to me that it is much more convenient to use the DogeCoin online wallet. First of all, because the wallet will be entered through a browser and all operations will be carried out through the web interface of one or another online service in which you will acquire a DogeCoin wallet. This means that this wallet can be managed both from any computer and from any mobile device with Internet access.

Simply put, to enter an online dogecoin wallet, you just need to enter the site address in your browser, log in, and you will immediately find yourself in your wallet and be able to perform the operations you need without any problems. Actually, this is precisely why I use the online DogeCoin wallet, which I created using the online service ““, which I advise you to do as well.

You should not have any problems with creating a dogecoin wallet on this service, because right now I will describe the entire registration process in great detail.

Well, let's begin.

The first thing you will need to do is go directly to the site itself - where on its main page you will need to find the “Create wallet" button on the left side and click on it:

After this, you will see a registration form consisting of only 3 fields that you will need to fill out:

After filling them out, you will again need to click the “Create wallet“ button.

I think you already guessed that The wallet password and ID will need to be written down in a safe place, because if you lose at least one thing, you simply will not be able to get into your wallet anymore, because the service does not provide a function for restoring this data.

After you have written down all the data, just click the “Open your wallet” button and you will immediately find yourself in your newly created DogeCoin wallet. On its main page, if you look closely, next to the QR code, you will notice the DOGE address of your dogecoin wallet, which will consist of numbers and letters of different case:

This address is exactly what you will need to register on most DogeCoin faucets, as well as to request the withdrawal of coins earned on them.

Unfortunately, as you probably noticed, this online service is not Russified, but this is not a serious problem, because all the main functions are already clear. The history of all operations will be displayed in the “Transactions” tab, and you can transfer coins to another wallet in the “Send” tab:

To make a transfer, you just need to fill out the field “ Destination (recipient address)"And indicate the number of coins to be transferred in the "Amount" field (the commission in the "Network fee" field will be calculated automatically), and then click the "Send money" button.

That's all. As you can see, the registration and process of using this online DogeCoin wallet is very simple.

By the way, to find a reliable exchanger, which sooner or later you will obviously need when you want to cash out your dogecoins, I advise you to use the best exchanger monitoring service of its kind - “ “. He will help you cope with this task better than anyone else.

Free DogeCoin Desktop wallet, how to download, install and work.

Dogecoin is a cryptocurrency that proves that the most important thing in the new world of “coins” is advertising and user attention. The currency, which features the cute face of a Shiba dog, started out as a joke but quickly gained popularity, knocking older rivals off their pedestal. Now dogecoin is considered one of the favorites to join the Fab Four: the four most popular cryptocurrencies (let me remind you, now these are Bitcoin, Litecoin, Ripples and Peercoin), which you can read about in this article. And Dogecoin is already putting pressure on Peercoin, which has lost ground after the collapse of MtGox. It is expected that in the coming months Peercoin will slide from 4th place to fifth, letting DOGE take the lead.

Free DogeCoin Desktop wallet, MultiDoge, how to download, install and work.

Excellent Desktop online wallet for DogeCoin coins. In such cases, you need to use original things, so to download, go to the download page on the DogeCoin website: Dogecoin Desktop Wallet.

DogeCoin - Dogecoin, if we talk about the technical part, is rather a variation on the theme of Litecoin, which works through the cryptographic function scrypt. As with Litecoin, the time required to transfer Dogecoins is much less than for Bitcoins. In addition, many more dogecoins will be issued than bitcoins: 100 billion versus 21 million. DogeCoin can be earned and obtained completely free of charge using special faucets, boxes, games for Doge, you can use DogeCoin mining. Earn free money and get DogeCoin, Get free Doge, faucets, bonuses, you can use DogeCoin mining.

1) Select a wallet

2) Getting started

3) Some little things.

Small instructions

1) Go to the MultiDoge wallet download page and select the type of wallet and for which platform, in our case for Windows. Let's look further.

2) Download DogeCoin Desktop Wallet, MultiDoge wallet and install as usual, like any program.

3) After installation, launch and wait for synchronization to complete in the lower left corner. One wallet is immediately created by default. You can create several more wallets if necessary; to do this, use the NEW WALLET tab. Be sure to close each wallet with a password, use the ADD PASSWORD tab, otherwise the legs of the money will quickly grow. In a standard wallet, if you lose or forget your password, then all your coins are lost.

4) MultiDoge wallet has such a very necessary function as importing and exporting keys. To save all the information that is in your wallet, you need to export private keys using the EXPORT KEYS tab. If you have saved the keys, then you are no longer afraid of losing your password or, for example, collapsing the system. You install a new wallet, close it with a new password, a new wallet address is created there. Go to the IMPORT KEYS tab and all your information from the previous wallet, with all the old keys, is loaded into your new wallet. You can import it at least a hundred times, even simultaneously into different services, the information will not go anywhere. Thus, you can import a PAPER WALLET here. There are two options for importing a Paper Wallet.

Although the long-term future of cryptocurrencies is still unclear, their popularity is currently growing, thanks in part to widespread press coverage. This innovation has already generated a whole market for companies that are involved in the exchange, storage, protection of cryptocurrencies, aggregation of transactions for online stores and provide other services in demand by consumers. All these organizations are making efforts to comply with the legal framework when fulfilling their obligations to clients, and without opening bank accounts this is impossible. It is all the more important for credit institutions to understand what the essence of a decentralized cryptocurrency is and how it can be used.

Interesting information on the site

Thus, cryptocurrencies are undoubtedly an asset.

Thus, cryptocurrencies are undoubtedly an asset - although perhaps an unusual one (an analogy is virtual artifacts purchased by users in online games - their value, despite being completely abstract, is quite real. For example, in Belarus, law enforcement agencies investigated the theft of a virtual tank as seriously as if it were about other movable property). However, it seems difficult to apply the provisions of an exchange agreement to transactions involving payment using bitcoins. Firstly, an exchange agreement can only apply to the exchange of goods, which means that its conclusion is impossible for payment for services.

Secondly, it is not obvious how the seller or service provider can account for the received cryptocurrencies in the accounting records. We believe a possible solution lies in the derivatives space. Some payment systems already offer their clients electronic checks, the cost of which is determined by the value of property rights to bitcoins. However, at the moment, the use of the institution of derivative financial instruments is difficult, since cryptocurrencies do not fall under any of the underlying assets. It seems that recognizing the exchange rate of cryptocurrencies (private currencies) as an underlying asset will create legally transparent conditions for their use for payers and recipients of payments.

The role of credit institutions in the cryptocurrency ecosystem.

Although the idea of ​​cryptocurrencies is based on the principle of issuing coins by the users themselves, due to technical reasons, as the number of participants grows, it requires more and more computing resources. Those who do not have such resources, but would like to use the payment system, are forced to buy coins for fiat money. Such demand has generated supply in the form of websites operating on the Internet offering exchange services. Depending on the business model, they can be divided into exchanges and exchange offices.