What is Dogecoin DOGE? How To Buy It

During its early existence, Dogecoin was treated as an amusing digital currency but had very low value. However, after April 2021, it entered the top 10 cryptocurrencies based on market value that reached almost $50 billion. This is quite spectacular, considering the fact that a single Dogecoin is just worth pennies right now. It is very easy to buy Dogecoin with a credit card, and it can be done in less than a few minutes. You will only need to log in to your eToro account (or open one if you don’t have it still) and choose your preferred method. According to Bloomberg, Coinbase has had over $20 billion in cryptocurrency transactions since the platform launched.

Whether you want to buy, trade, hodl or sell crypto, we’ve got your back. And this is what makes Dogecoin stand out from the crowd, driving https://tradecrypto.com/news/crypto-industry-news/dropil-founders-sentenced-for-fraud/ it into the top 10 cryptocurrencies. With auxiliary mining in place, Dogecoin miners can also mine Litecoin at the same time.

Can I buy Dogecoin DOGE with a debit card?

Like the rest of crypto, it isn’t a sure thing, and any investment you make should be done with caution—and you should never invest more than you can afford to lose. If you are worried about the exchange being hacked or going bankrupt, https://tradecrypto.com/news/business-news/telegram-without-sim-card/ consider buying a wallet of your own. Fees determine how much you spend or save when trading crypto. Of course, ideally, you’d go for the platform with the lowest fees possible, but other considerations often make that untenable.

  • The transaction will take place almost immediately because cryptocurrencies are not limited by market hours unlike stocks, mutual funds, etc.
  • Coinbase is a regulation-friendly US-based cryptocurrency exchange, which has been around since 2012.
  • Doge exchange on Egera is by far the easiest and fastest way to buy Dogecoin.

It has an easy-to-use and simple interface which allows sending and receiving DOGEs easily. Now that you bought your crypto, you can store it in your personal crypto wallet or simply hold it in your Binance account. You can also trade for other crypto or stake it on Binance Earn for passive income.

Store or Hold Ripple

You can take your first steps in cryptocurrency for as little as $50, and you don’t need to go through KYC for purchases up to $150. Despite the fact that it was created as a joke, the Dogecoin blockchain still has its own advantages. Dogecoin is based on the Litecoin algorithm, which in turn is based on Bitcoin. Perhaps inevitably, Dogecoin’s https://tradecrypto.com/category/news/memecoin-news/ success has inspired imitators. Other so-called "meme coins" have sprung up, including SafeMoon , Shiba Inu Coin and Baby Doge , the latter of which was boosted by a tweet from Elon Musk. Ultimately, the shared goal of Musk and the Dogecoin devs is to make the cryptocurrency cheap and easy enough to use to buy a cup of coffee.

Including Dogecoin itself, there are over 50 cryptocurrencies on Kraken. The memecoin can be traded in both the classic and advanced trading interfaces in Kraken and Kraken Pro. How to buy Dogecoin in Nigeria as well as discuss different crypto platforms to invest in the popular altcoin.

Best Crypto Wallets for Dogecoin

Indeed, Litecoin boasts a transaction processing speed that’s many times faster than Bitcoin. However, as many crypto experts later pointed out, Dogecoin has real utility. It might make for funny memes, but Dogecoin has lower fees than Bitcoin and faster transaction processing times.

how to buy dogcoin

Here is all you need to know about buying Dogecoin in 5 simple steps. After you have purchased Dogecoin, your crypto will show up https://tradecrypto.com/write-for-us/ in your wallet. Your wallet gets a unique wallet address, and you can both buy and sell your cryptocurrency from your wallet.

If you are planning to purchase some DOGE, this is something you absolutely must be aware of, and you must be prepared for sharp moves to both the upside and downside. To get a better idea of where the DOGE price could be headed, have a look at our Dogecoin price prediction page. It is up to you whether you make an investment, but we can provide some information about Dogecoin and its potential. Unlike Bitcoin and Litecoin, Dogecoin doesn’t have a capped maximum supply so the number of DOGE in circulation will increase indefinitely. Perpetual inflation can be seen as a negative factor for long-term value as for DOGE to become more valuable over time, demand must grow faster than supply. Neteller/Skrill- Other third-party payment processors like Neteller and Skrill are available on multiple platforms.

  • You may end up losing your initial investment and being charged fees and interest by your credit card provider.
  • The platform is also incredibly fast, handling up to 1.4 million orders per second, making it one of the fastest exchanges on the market.
  • We’ll have you understanding the world of finance and cryptocurrency in no time, for no fee.
  • If you already have experience buying cryptocurrencies, buying Dogecoin will be similar.

Our website and marketing collateral use reference rates as an indicator only and should not be used for decision making. Content may not always be entirely accurate, complete or current. Once you sign up, you can buy Doge in seconds with low fees at the best current price and store it in your free crypto wallet. Buying Dogecoin is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Dogecoin, which trades as DOGE.

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Exchanges are vulnerable to hacks and theft, so choose one with good security practices and a track record of safety. If you see colorful charts with a range of prices, you’re probably in the spot market. Most exchanges let you buy as little as $5 worth of DOGE, if not less.

  • For this reason, there are no options when it comes to buying Dogecoin with PayPal.
  • Of course they also provide the most used payment options like Credit Card, Bank Transfer & PayPal.
  • Simply open your Tap app and select the Decentraland option, the price will then be displayed.
  • OKX has crypto trading tools for beginners, advanced traders and institutions.

Dogecoin can be bought with a bank transfer, debit card, or credit card. It can also be used to buy goods or services from online vendors who accept this cryptocurrency as a form of payment. Cryptocurrencies are also more secure than traditional online payment systems, and the transaction fees are lower.

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