Dogecoin (DOGE) was initially started as a joke but is gaining traction as an investment vehicle, please view our Investing in Dogecoin guide to learn more. 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.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
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.
Poloniex was founded in the US in 2014 and has quickly risen to become a very popular exchange of choice for many crypto traders looking to combine a strong range of assets, with great value. They are continuing to expand their asset range all the time, with more than 100 different pairs choices now available to trade. With a recently revamped look, the exchange is also looking more professional than ever with trading in futures and on leverage of up to 100:1 also now available to access.
Coinberry – Canadians Only
Coinberry is making it easy to access Dogecoin in Canada with no fuss and buy or sell the asset quickly through their easy to use platform. They have been around since 2017 and have a number of highly-trusted partnerships that set them up with a solid reputation for cryptocurrency. They are also registered with FINTRAC as a Money Services Business, so very trustworthy from that standpoint.
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.