What is Dogecoin and is Doge Coin worth buying? In this article, I will be giving you enough detailed information about Dogecoin as it is among the top leading Cryptocurrency today. What surprised everyone about Doge coin is how it started; it started as a joke in 2013. It was created by two software engineers namely Billy Markus and Jackson palmer; as an open-source peer-to-peer digital currency, known to be favorable by Shiba Inu. The Doge coin logo was from an online meme of a Shiba Inu dog.
A lot of users buy and sell on Dogecoin online currency exchange. Dogecoin is also a blithe substitute to long-established Cryptocurrencies like bitcoin and so on. Unlike the bitcoin which is designed to be scarce, Doge coin is deliberately abundant as there is no maximum supply for it. Elon musk is supporting and also tweeted in May that he is working with the coin developers to improve the negotiation productivity. Doge coin is an increment coin while other Cryptocurrencies like bitcoin are depreciation coins.
What is the Price for Dogecoin?
The price for Dogecoin has not been stable. So there is no fixed price because the market for Dogecoin is not stable. So the price for the Doge coin is not specific for sure yet. Report from the market has made us know that the price for the Doge coin increase and reduces every single day which makes it more difficult to determine the price.
How to invest in Dogecoin
For you to invest in Dogecoin you will have to open an online exchange account. Investing in Doge coin is not the same as investing in other digital currency like bitcoin. Generally, only a few shops accept Cryptocurrencies but those that do will collect bitcoin rather than Doge coin. So investing in Doge coin will be difficult to invest in and continue without general acceptance. But you can still find the Doge coin on Coinbase, eToro, Robinhood, Gemini, Webull, and soFi which is a great option for a few reasons.
How do I buy Doge coin?
Once you are logged into an exchange, you will most likely have three payment methods for buying Doge coin or any other Cryptocurrency. The following are ways you can buy Doge coin.
- Credit card- this is the fastest and easiest way you can buy the crypto but is also very expensive. The fess can stretch from just under 2% up to 3%, plus a flat fee
- Crypto currency- with this you can trade Cryptocurrency you have with any other crypto trader who owns DOGE. The fees are always lesser than 1%. But can be a little complex for the beginners
- Bank transfer- this method can be said to be the slowest because it can actually take 2-3 days before the process can be completed. But most exchanges do offer access to the exchange.
However, you need a crypto trading wallet to purchase Dogecoin which includes Binance, Trust wallet, SafePal, CoinMarketCap, and more.