If you are wondering where to buy Dogecoin, you should first understand what a Dogecoin is? Dogecoin is a cryptocurrency that was originally created as a joke but has since grown in popularity. It is decentralized and allows users to do peer-to-peer transactions without the need for a centralized middleman like PayPal or Visa.
This means that Dogecoin transactions can be completed from person to person over the internet without passing through any third party, which are typically companies such as banks or credit card providers. That said, Dogecoins differ from other cryptocurrencies because of their monetary policy: Dogecoins have an unlimited supply and will never reach their cap of 100 billion coins. This makes Dogecoins more attractive to hobbyists who want something with long-term potential growth, but less appealing for investors looking for portfolios.
Where to buy Dogecoin?
We know it’s never late to invest in cryptocurrency and especially in Dogecoin. So, if you are planning to purchase Dogecoin, we have a list of 4 available platforms that support Dogecoin purchase.
Robinhood
Robinhood is a U.S.-based stock brokerage service that was founded in 2013 and operates on the principle of “free-stock trading,” which means it does not charge any commissions to trade stocks, ETFs, or options for cash, with no minimum deposit requirement when opening an account.
Robinhood offers free access to all its services through iOS and Android devices, as well as by web browser at robinhood.com—you do not need a physical card if you’re using the mobile app (although one can be purchased separately). It also has some social features like following other traders who are similar to your investment style and seeing their activity feeds; company newsfeed with the latest financial information from companies you follow; support for multiple profiles within one account; and the ability to download a CSV of all your transactions.
Robinhood is most popular with millennials (ages 18–34) who do not have large sums of money but are eager to invest, as well as people without bank accounts who do not want or need more access than what Robinhood provides them. However, it does offer a $50k daily trading limit for customers that deposit at least $25k in new funds before making any trades. The monthly fee for this service is waived if you make 30 commission-free online stock trade purchases on their platform in a calendar month.
The app offers instant deposits from checking into your brokerage account, which can be done from anywhere using your phone. Robinhood also offers a “Gold” program for $200/month which gives access to margin trading, extended free trades, and early access to new features before they are released.
– Robinhood offers commission-free trading
– You do not need to have a minimum account balance or pay monthly service fees.
– It is able to trade stocks, ETFs, and more without commissions.
– The app has instant access, with no waiting for confirmations of your order. This means you can get into the market faster than ever before With just one tap or click in the app, you can buy as well as sell stocks listed on US exchanges at any time during the day from Monday through Friday.
Uphold
Uphold is a cloud-based financial service that enables you to trade and store value, including cryptocurrencies. You can fund your account with a wire transfer or credit card, but at the moment Dogecoin isn’t supported as an option for funding accounts.
The app has its own native wallet which allows users to buy and sell Dogecoins from within their Uphold app – this includes buying doges with USD (or euros), GBP, AUD, JPY, CAD, or HKD in one transaction. The conversion fee will vary depending on the deposit currency versus what’s being exchanged into Dogecoins.
You also have the option to withdraw Dogecoins from your Uphold account in one transaction, but you’ll be charged a conversion fee based on the doges being withdrawn.
Uphold currently supports Bitcoin, Ethereum, and Litecoin for fiat-to-crypto currency exchanges. It’s worth noting that holders of Dogecoins are not entitled to any interest or dividends on their holdings like with other cryptocurrencies (though they can still convert them into other currencies).
There may be some potential tax implications depending upon how often you trade doges within Uphold’s app, this would depend solely on your individual situation.
Binance
The Binance app for iOS and Android is a professional, powerful mobile trading platform. The interface is easy to use, with simple navigation functions of the exchanges that are available on it. You can do all your portfolio management in one place when using this app as well as do research from charts based on different time frames such as daily, monthly, or yearly.
It will also let you trade cryptocurrencies including Bitcoin, Ethereum, and many more coins from right within the application without having to swap back and forth between multiple sites. This makes keeping track of things much easier! It has an intuitive design that really simplifies everything about cryptocurrency trading like sums up where your money goes once you’ve invested in order to avoid confusion down the line with fees coming out of nowhere.
The app is a must-have for anyone looking to do more than just casually trade cryptocurrencies on the side, as it offers all the tools you could want in one place, with no time wasted switching between different sites or trying to find what you were looking for. The only bad thing about this application that I have found so far is some small delays when performing trades on certain exchanges like Bitfinex and Bittrex which can make things frustrating at times if your funds aren’t available immediately after initiating a buy order. Overall, though, this is an excellent app!
Gemini
Gemini is one of the best-known cryptocurrency exchanges, and it supports trading in USD. It’s also where you can buy Dogecoin with a fiat currency or bitcoin. Gemini offers two types of accounts: individual and institutional. You may be wondering what the difference between these are? The most important distinction to note is that institutional account holders will need to provide more information than an individual account holder would when they sign up for their account. There are four ways to deposit money into your Gemini exchange account: ACH transfer (using traditional bank transfers), wire transfer, SEPA payments (accounting for European customers), and using Zelle (a service supported by many major banks). Once your funds are in your account, you can use them to buy Dogecoins.
Dogecoin history
Dogecoin, a cryptocurrency based on the doge internet meme, was introduced to the world at large as a joke. But like any good doge-ism, it turned into something much more serious: in just over two years from its introduction date of December 2013 Dogecoin had achieved a $760 million market capitalization (as of January 2018).
The doge currency started off with an initial supply that matched bitcoin’s 21 million units by 2035; however, this is subject to change depending on how many coins are mined each year and what happens if they’re lost or stolen–a number which so far remains unknown. Whether doges will become widely accepted as payment for goods and services also remains largely undecided. However, there are Dogecoin ATMs in places such as New York, London, and Vancouver.
In terms of Dogecoins’ monetary policy, the supply is not controlled by any central bank or single entity; instead, it’s created at a preset rate that will match inflation over time. This contrasts with other cryptocurrencies like bitcoin, where new coins are mined until they reach an upper limit of 21 million coins per year (as of January 2018). At this point, no more bitcoins can be generated through mining. The doges don’t have an upper limit on how many Dogecoins can be produced each year–instead, there’s a constant five-billion-dogecoin production speed that matches world population growth plus an economic activity for about one hundred years from now.
But doges may not be the best investment vehicle for long-term investors, as their monetary policy permits them to produce coins at a faster rate than gold or silver–which has prompted some doge enthusiasts to refer to Dogecoin as “the digital equivalent of precious metals.”
Dogecoins are just one example of many cryptocurrencies available today. Like other currencies, they exist in an electronic form that can be used to purchase goods and services online (in this case, Dogecoin). Other examples include Bitcoin with its $190 billion market cap and Ethereum with its $68 billion market cap; both have more substantial backing from corporations like Microsoft Corporation who support their use of Windows systems, especially through Microsoft Azure.
Why is Elon Musk promoting Dogecoin?
Elon Musk is promoting Dogecoin because of its potential to help him conquer Mars. “Dogecoin might be my only hope,” he tweeted on Friday, referencing a recent doge meme about the planet’s limited resources.
In the tweet from earlier, posted just days after SpaceX launched NASA’s Transiting Exoplanet Survey Satellite (TESS) into space, Elon said that one doge was worth 0.00000034 BTC at the time of writing though this has since increased as DOGE now trades for around $0.002266 each and appears set to rise further in value over coming weeks.
