How To Buy Dogecoin: Dogecoin is a type of cryptocurrency that was mockingly created in 2013 by software engineers Billy Marcus and Jackson Palmer. Dogecoin cryptocurrency price rises 100% in 24 hours
How To Buy Dogecoin – A Complite Guide
Dogecoin is the new Bitcoin. Maybe, it’s too early to say that but in the next few months Dogecoin may emerge as the cryptocurrency of 2021. It’s already on path, witnessing a massive surge since the start of the year. Dogecoin has given nearly 1900 per cent returns since January 2021. That’s incredible for a digital currency started as a joke. We will get to that bit in a while. Dogecoin cryptocurrency price rises 100% in 24 hours
In December 2013, a completely new cryptocurrency Dogecoin was launched, and its price reached an all-time high on Friday. It has achieved more than 100 percent increase in the last 24 hours and has crossed the milestone of $ 0.291, more than double the price recorded a day earlier. This record-breaking rise of Dogecoin has been recorded just one day after a tweet by US billionaire Elon Musk about the ‘price hike’. Following Musk’s tweet, a large number of his followers expressed interest in investing in Dogecoin.
In the past year, Dogecoin registered a growth of 11,853.75 percentHas This is much higher than the 739.93 percent increase achieved by bitcoin. However, the price of Dogecoin is still quite low when compared with other popular cryptocurrencies including Bitcoin and Ethereum.
Musk has been one of the major promoters of Dogecoin for some time. On Thursday, he tweeted a captioned picture that read, “Doge barking at the moon.”, Pointing to its massive growth in the cryptocurrency market.
However, this is not the first time that Musk has shown support for this new cryptocurrency. He made a few tweets in February that saw the cryptocurrency grow by 50 percent.
Elon Musk’s tweet
Elon Musk shared a Spanish painter Joan Meero’s painting ‘Dog Barking At The Moon’ on Twitter and wrote in the caption ‘Doge Barking At The Moon.’
Know that Elon Musk has talked about cryptocurrency Dogecoin in his tweet, which is currently one of the favorite topics on social media. Most billionaires keep tweeting continuously on this topic.
Let us know that Elon Musk has consistently supported Dogecoin. On February 4, 2021, he also made a similar tweet. In which he wrote, ‘Dogecoin is the cryptocurrency of the people’. After this tweet, there was a 75 percent jump in the price of Dogecoin.
What is Dogecoin?
Know that Dogecoin is a type of cryptocurrency, which was mockingly created in 2013 by software engineers Billy Marcus and Jackson Palmer. This digital currency was created with inspiration from a viral dog meme. Dogecoin did not get any significant success but it continued to be transacted like a joke for a long time.
According to CoinMarketCap.com, its price has jumped 18000 percent in the last one year. A year ago it was valued at $ 0.002 and was valued at $ 250 million.
Dogecoin Price | DOGE/USD Price Index and Live Chart
View Dogecoin (DOGE) price charts in USD and other currencies including real time and historical prices, technical indicators, analysis tools
Best Cryptocurrency exchange to Buy Dogecoin
Here we give three methods of making investment in Dogecoin or How to buy Dogecoin and details on where to buy Dogecoin.
The most common and easiest way to buy Dogecoin is by using the cryptocurrency exchange. Popular Cryptocurrency exchange platforms provide the most convenient ways to buy Dogecoin. You can make the purchase on Coinbase, Binance, and Kraken, among other such platforms. To buy Dogecoin on these platforms, you will need to download a cryptocurrency wallet. That can be done on the platform’s official website.
1. Binance: Top 1 in the World by volume
Platforms: App Store, Google Play, MacOS, Windows, Linux
Binance is the largest and most popular of all cryptocurrency platforms. Binance is the world’s biggest bitcoin exchange and altcoin crypto exchange in the world by volume.
Binance crypto exchange was launched in July 2017 by programmer Changpeng Zhao, who had previously worked on the development of another crypto project – the OKCoin trading platform. The company originally started in Hong Kong but is now based in Malta. For American clients, a separate division of Binance US has been created, which operates according to local laws.
Binance is a centralized exchange. Identity verification is required for full-fledged work on this site. The project also launched a decentralized version of the site – Binance DEX. The platforms differ in their approach to organizing trades. There are fewer working instruments and trading pairs on a decentralized exchange, but its level of security is higher.
This aggregator features a wide range of trading and investment instruments. Traders can trade on the spot, futures or derivatives market and conduct over-the-counter transactions (OTC, p2p), and miners can lease power.
Binance cryptocurrency exchange: https://www.binance.com/en
2. Coinbase: Top 1 in the USA
Coinbase is the premier crypto platform for Americans headquartered in California. Since US regulation is considered the most stringent, a number of regulatory requirements apply to both customers and functionality. Coinbase has never been hacked and is considered one of the most reliable platforms, but users are required to undergo verification, and verification of documents takes weeks. The advantages include the withdrawal in fiat, including withdrawal to the PayPal wallet. However, the latter option is only available to citizens of the United States and several European countries.
Coinbase is the easiest place to buy and sell cryptocurrency: https://www.coinbase.com/
Kraken is a centralized cryptocurrency exchange; country – United States. Its trust index is 10. More than 3M traders trade on this exchange. Kraken was founded in 2011 and since then has been the leading exchange platform for buying cryptocurrency.
More information about the Kraken exchange can be found at https://kraken.com
Which exchange is the best?
An experienced trader should take a closer look at the leaders in the ranking of cryptocurrency exchanges: Binance will provide the maximum possible functionality, and Coinbase will provide protection. Although we consider Igor a newbie, he himself is sure that he will figure it out. We wish good luck to Igor!
How to buy Dogecoin?
The process to buy Dogecoin using an exchange platform is as follows:
Create a Dogecoin wallet such as Ledger or Exodus
Creating a Dogecoin wallet is necessary to buy any type of cryptocurrency
Locate your Dogecoin address
To locate your Dogecoin address, this will require this address to buy the Dogecoin and place it in your wallet.
Log on to Doge exchange on platforms such as Binance, Coinbase or Kraken
Login to your Doge Crypto Exchange account and get the exchange information about the Dogecoin including the latest exchange rate of the currency, documents required to complete the verification process of buying Dogecoin, and the payment methods.
Buy Degecoin and Sell DegeCoin
After opening the account, Buy the Dogecoin from the Crypto platform selected with your preferred payment option. Withdraw the Dogecoin whenever needed.
History of Dogecoin: Started as a joke, now a phenomenon
Dogecoin was started as a joke by two software engineers Billy Markus and Jackson Palmer as fun and instant cryptocurrency in December 2013. If you have been using the internet, there is a chance that you might have come across or heard about the Doge meme. It featured the iconic Shibe.
Palmer, an Australian marketer, once joked about combining two of the internet’s most talked-about topics: cryptocurrency and Doge. Investing in Dogecoin,” Palmer tweeted, “pretty sure it’s the next big thing.”
The tweet was noticed by a lot of people on the internet who started talking about Dogecoin. Palmer kept the joke going by buying Dogecoin.com domain and uploaded a photoshopped Shibe on a coin.
Billy Markus, who was literally on the other side of the world, working as a software engineer at IBM, saw a note left by Palmer on the mentioned domain. He tried to get in touch with the latter but started working on Dogecoin after failing to hear from him. Markus has admitted to using Bitcoin’s open-source code for creating Dogecoin. He changed few elements and made 100 billion Dogecoins against 21 million Bitcoins.
Also, he made them easier to mine. EhDig. Markus replaced the word mine with dig, becauseDogs don’t mine, they dig.
Reddit makes it happen
Even when Markus and Palmer had the Dogecoin ready, they were not taking it seriously, or had any plans of promoting the currency. Steps in, Reddit. Yes, the same platform you came across while during the GameStop saga. The Dogecoin subreddit exploded almost immediately, giving them the eyeballs and resources needed to make a crypto successful.
Reddit users started sending each other Dogecoins as toke on respect or affection. The continuous exchange of currency on the platform made it popular and expanded its user base.