What is a Dogecoin, and where is it found?
Dogecoin (DOGE) refers to a cryptocurrency that is recognized for the Japanese dog “kabosu.” Its logo features an image of the popular dog from the Doge internet meme, hence the name. Kabosu was, at the time of the picture, an eight-year-old Shiba Inu.
When Dogecoin was first created, even the founder never thought about it becoming so popular as it is today. Jackson Palmer, the founder of the currency, was only joking when he tweeted about creating the Dogecoin. As for the coin itself, this is one of the oldest cryptocurrencies in the field, started in 2013.
DOGE has grown as a cryptocurrency. Dogecoin transactions can be transferred like any other cryptocurrency directly from one person to another over the internet without passing through a centralized intermediary, like a bank. You can find it in many online cryptocurrency platforms where you need to create an account, and you can buy it instantly.
How is the Dogecoin bought?
Are you looking to buy a Doge? Do not worry anymore. Here in this post, I will explain how you can buy it online. There are various ways to buy Doge. You have to follow a series of steps.
These steps include;
Opening an online account
The first step to buying the cryptocurrency is by opening an account with a broker who supports Dogecoin. In this case, you may consider various things while opening your crypto brokerage account. For example, you should consider the broker’s fee and commission, type of coin and token available, and access to additional markets.
Fund your account and make your purchase
After you have opened your brokerage account, you can place your order to purchase Dogecoin. In the process, you are advised first to open your broker’s trading platform and take a look at the current price of DOGE.
Get a wallet
Though this is optional, a cryptocurrency wallet is important since it provides you with a private set of keys that you can use to store your DOGE off of an exchange. Additionally, this helps keep your investment safe if your exchange is targeted in a hack or theft or shuts down.
Dogecoin has its own wallet you can download to your phone or PC. Remember to always back up your wallet.
Locate your DOGE address, buy it and withdraw
After opening the account and funding it, you can now locate your cryptocurrency, make a purchase and withdraw it to your wallet.
Where can I buy DOGE?
The cryptocurrency is found in online cryptocurrency platforms, and there are various platforms from which you can buy your DOGE. You can buy DOGE on Kraken, Voyager, Robinhood, and Changelly. According to many Kraken is the easiest site to purchase your DOGE because it is a trusted global exchange. Apart from offering the lowest fees in the industry, Kraken is continuously rated one of the most secure and trusted crypto exchanges globally.
If you lose the private key to your DOGE, it becomes challenging, if not impossible, to recover your funds. At Kraken, they take security more seriously. But if the Kraken does not work out for you, other buying options such as Binance, where you pay via credit card, wire, or crypto. You can also buy it from Bitpanda by which you pay by SEPA, crypto, and SKRILL method.
Why is it essential to own your DOGE?
There are various advantages of having your DOGE. First of all, DOGE has quickly attracted the world’s attention, following Space X founder Elon Musk‘s endorsement. It is one of the oldest cryptocurrencies, and besides, it is relatively cheap.
According to the Digital Coin Prices source, investing in DOGE is very profitable based on the forecast.
Dogecoin’s value has been surging by the day, and it is predicted that by the end of 2021, the price could reach $ 0.08. Then by the end of 2021, the Dogecoin could increase rapidly and be around $0.17.
The cryptocurrency market is very volatile, so only invest money that you don’t need. You never know what might happen. Look at Bitcoin. No one thought that would reach $50,000 a coin. To The Moon!
