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Dogecoin is a first-generation cryptocurrency that can be used to transfer value globally in a secure manner. Famously, Dogecoin features the Shiba Inu from popular internet memes. The decision to use this character was brought on by the developer’s desire to keep the project light-hearted. Like Bitcoin and Litecoin, the main purpose of this coin is to allow for peer-to-peer transactions to occur in a censorship-resistant manner. To learn more visit Investing in Dogecoin guide.
We list the top 3 brokers that offer the ability to buy Dogecoin (DOGE) with a credit card or debit card.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Dogecoin here is that you benefit from the lower exchange fees than competing exchanges, and the increased liquidity enables you to buy and sell quickly to take advantage of market moving news.
This exchange is best for Australia, Canada, Singapore, UK & international users. They do not sell dogecoin (DOGE) to USA residents.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.
From humble beginnings, they have now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including DOGE.
The trading costs are competitive with other exchanges and they have continued to evolve now offering both futures and margin trading.
This is our most recommended exchange for USA residents.
Gate.io was established in 2013, while it is not one of the most popular exchanges, they do offer a reputable trading platform with an easy to use interface for beginners while still maintaining robust and advanced charts for various types of skill levels including technical traders. They have a large number of altcoins including Dogecoin (DOGE). While we do have some concerns with trustworthiness (please see review) they do have a strong stance against any type of market manipulation.
What is Dogecoin (DOGE)?
Dogecoin or ‘DOGE’, is a cryptocurrency developed and released by software engineers Billy Markus and Jackson Palmer. They launched the token in an effort to create a payment solution that is instant, and free from traditional banking regulations. The token features the face of the Shiba Inu dog from the popular “Doge” meme.
What does it do?
Dogecoin (DOGE) is a popular cryptocurrency with few use cases beyond speculation. It is often traded on exchanges such as Binance. Outside of speculation it is sometimes used for applications such as social media tipping for users who provide noteworthy content.
The fees for sending Dogecoin back and forth are some of the lowest in the industry and this is what makes it popular for microtransactions.
How does DogeCoin (DOGE) work?
It should be noted that its unlimited supply defeats many of the benefits of other cryptocurrencies. Dogecoin is an “inflationary coin,” while cryptocurrencies like Bitcoin are deflationary due to the limited supply of tokens. For example, Bitcoin (BTC) has a maximum of 21 million tokens, while Litecoin (LTC), has a maximum supply of 84 million tokens.