Dogecoin is a first generation cryptocurrency that can be used to securely transfer values around the world. Dogecoin is known to contain the Shiba Inu from popular internet memes. The decision to use this character was made out of the developer’s desire to keep the project light-hearted. As with Bitcoin and Litecoin, the main purpose of this coin is to conduct peer-to-peer transactions in a censorship-resistant manner. To learn more, visit the Investing in Dogecoin guide.
We list the top 3 exchanges that offer the ability to buy Dogecoin (DOGE) cryptocurrency using a credit or debit card.
Binance is one of the largest and most famous cryptocurrency exchanges in the world. The advantage of buying Dogecoin is that you benefit from the lower exchange fees than competing exchanges and the increased liquidity allows you to buy and sell quickly to benefit from market moving news.
This exchange is best for Australia, Canada, Singapore, the UK, and international users. They do not sell Dogecoin (DOGE) to US residents.
Read our Binance review or visit Binance.
Use discount code: EE59L0QP for 10% cashback on all trading fees.
Kraken is one of the long standing names when it comes to cryptocurrency exchanges in the industry.
From humble beginnings, they have grown to become one of the most recognizable names in the industry, offering an extensive selection of assets to trade, including DOGE.
The cost of trading is competitive with other exchanges and they have evolved to now offer both futures and margin trading.
This is our most recommended exchange for US residents.
Read our Kraken review or visit Kraken.
Gate.io was founded in 2013, while not one of the most popular exchanges, they offer a reputable trading platform with an easy-to-use interface for beginners, while also providing robust and advanced charts for various types of skills, including technical traders. They have a large number of altcoins including Dogecoin (DOGE). While we have some trustworthiness concerns (see review), we have a strong stance on any type of market manipulation.
Read our Gate.io review or visit Gate.io
What is Dogecoin (DOGE)?
Dogecoin or “DOGE” is a cryptocurrency that was developed and published by software engineers Billy Markus and Jackson Palmer. They launched the token to create a payment solution that is instant and free from traditional banking regulations. The token shows the face of the Shiba Inu dog from the popular meme “Doge”.
What is it doing
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 tips for users who provide noteworthy content.
Dogecoin shipping fees are some of the lowest in the industry, and that’s what makes it so popular for microtransactions.
How does DogeCoin (DOGE) work?
Dogecoin (DOGE) is a peer-to-peer open source digital asset. The underlying technology is based on Litecoin (LTC), one of the first cryptocurrencies to be released after Bitcoin (BTC).
It should be noted that its unlimited supply negates many of the advantages 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.