Platforms to buy dogecoin

Considering that Dogecoin was created in a matter of hours as a joke currency to make fun of the crypto hype and even though it shares large chunks of its code base with established cryptocurrencies such as Bitcoin and Litecoin and Dogecoin hasn’t seen any developer activities for years. It is still prominent, it continues to make the news and make a lot of money for those who invested at the right time. Can you buy doge on cryptocom The limit on the number of Dogecoins was expressly removed by one of its creators to discourage people holding onto it long term. That’s in stark contrast to other major cryptocurrencies like Bitcoin (BTC), which have caps on how many coins are issued. This creates scarcity, which helps coins retain their value.

Crypto trading exchanges accept credit cards, but this option is not recommended because the transaction fee is quite high compared to other options. Some card issuers do not allow crypto transactions, and your purchase options get limited and expensive. There is a risk of losing your investment because of the interest and high fees charged by your card issuer. What is Dogecoin (DOGE)? A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Dogecoin wallets to use are MetaMask and the Ledger Nano S.

Get inspired by those who have made their passion a profession. New content available directly in your account every day. Where to buy DOGE coin: stock and crypto markets? Alternatively, you can also invest in ready-made portfolios of crypto assets, such as the “Cryptos by Market Cap” and “CryptoEqual” portfolios. These are portfolios made up of many crypto assets available on eToro, a portion of which is likely to be Dogecoin in the “other” percentage.

The per token price of Dogecoin is cheap solely due to the enormous supply of Dogecoin in circulation. Since there are over 130 billion DOGE in circulation (compared to just 21 million bitcoin) the per token price is lower. When investing in crypto, a cryptocurrency’s market capitalization (token supply x token price) is much more telling of whether or not a cryptocurrency is “cheap.” 3. Decide how to pay for Dogecoin Subscribe to our mailing list to receive daily updates!