Software engineers Billy Markus and Jackson Palmer created Dogecoin (DOGE) as a joke to inject some comedy and entertainment into the cryptocurrency space. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Dogecoin in the US. Typically, you get instant access to a portion of the money of your deposit for trading. If you deposited a large amount of money—typically more than $1,000—you may have to wait a few days for the transfer to clear before you can use the entire deposit.

• There are different types of wallets for you to consider, and each wallet can vary in terms of features, usability, and security.
• The total supply of Bitcoin is capped at 21 million coins, and its production rate is reduced approximately every four years by halving.
• As I’ve long stated, Bitcoin’s competitive advantages have waned, with other projects leaving its network and utility in the dust.
• Although relatively rare, there have been notable instances of real estate sales conducted with Bitcoin.

Therefore, conducting thorough research is essential before making the decision to add DOGE to your crypto portfolio. You can use Dogecoin to make purchases or send them to other users as payment. Some merchants and businesses accept Dogecoin as payment, and there are also various online communities and forums where users can trade Dogecoin for goods and services. An alternative way to buy Dogecoin is through peer-to-peer (P2P) marketplaces that allow you to buy DOGE directly from other individuals instead of using a centralized exchange.

Today’s Dogecoin price versus ATH

However, Bitcoin has already surged over 160% on the rumor of these events occurring in 2024. This has all the hallmarks of a “buy the rumor, sell the news” year for the largest cryptocurrency by market cap. While the current market downturn has most crypto assets trading in red, this might present a potential ‘buy the dip’ opportunity for traders looking for the near or distant future upside. At its heart, Dogecoin is the accidental crypto movement that makes people smile! More than this, though, is the ethos of Dogecoin, summarised in the
Dogecoin Manifesto
, and its amazing, vibrant community made up of friendly folks just like you!

• Be aware that purchases with a credit/debit card usually have higher fees than with a bank transfer, but are also processed faster.
• Most exchanges let you buy as little as $5 worth of DOGE, if not less.
• You should consider whether you can afford to take the high risk of losing your money.
• On Tuesday, Musk replaced the instantly recognizable blue bird icon of Twitter with an image of the Dogecoin’s Shiba Inu.

LiteBit.eu and Bittylicious and Cryptomate offer brokerage services for Dogecoin via EUR or GBP. Coinbase is a regulation-friendly US-based cryptocurrency exchange, which has been around since 2012. It is also one of the only publicly-traded crypto exchanges in America.

Cryptocurrency Predictions for 2024

Or, you can go for Guarda, Trezor, or Ledger options — or any other supported wallet. For starters, there is a network of computers or nodes to keep the network secure. Additionally, there are wallets compatible with DOGE and supporting exchanges that make the better part of the DOGE ecosystem. Even though both these cryptocurrencies adhere to the Scrypt algorithm and PoW consensus, litecoin has a fixed supply cap of 84 million.

Is Dogecoin (DOGE) a good investment?

At the time of writing, XRP was trading at $0.5597, representing a decrease of -1.38% in the past 24 hours, with -9.56% losses in the previous week and -18.13% in the last 30 days. As the week starts, the broader cryptocurrency market is witnessing losses in what might be a wary response to the possible approval of a spot Bitcoin ETF. The Shiba Inu is a Japanese breed of dog that was popularized as an online meme and represents Dogecoin. He specializes in making investing, insurance and retirement planning understandable.

Dogecoin To Moon in 2024? Here’s What is in Store For DOGE Price

Bitcoin miners verify transactions, mint fresh BTC, and contribute to its circulating supply. As a reward for their mining efforts, miners receive a portion of newly minted Bitcoins as block rewards. The Bitcoin live price is affected by the balance between its limited supply and the market’s demand for it. The total supply of Bitcoin is capped at 21 million coins, and its production rate is reduced approximately every four years by halving. As the supply becomes scarcer, it can increase demand and potentially drive the BTC to USD price. Cryptocurrencies aren’t backed by any underlying assets as are stocks, so their prices could fall to zero, wiping out any investment.

So, if you’re using eToro for investment only you can skip step 1 of getting a Dogecoin wallet, as you won’t be using the coins you’ll buy. The Ledger Nano S and the Nano X are very popular choices which support not only Dogecoin but over 1000 different crypto assets, you can read my review about them here. Likewise, the TREZOR One and TREZOR Model T are good options as well (here’s my TREZOR review).

Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or preparing for a recession service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. To get started, choose a crypto trading platform like Public that allows you to deposit USD.

The main technical difference between the two assets is that Bitcoin’s supply has an upper limit, while DOGE will be issued indefinitely. Limiting supply increases scarcity, which can put upwards pressure on values. DOGE is uniquely susceptible to price shocks thanks to its backing by Twitter owner Elon Musk. For example, Musk changed the social media platform’s logo to the altcoin’s mascot and its value jumped by around 30%.

Dogecoin was created in December 2013 by Billy Markus, a programmer from Portland, Oregon. Initially introduced as a joke cryptocurrency, Dogecoin (DOGE) gained a large online following and is now a very popular cryptocurrency. It is also well known for its meme-inspired logo of a Shiba Inu dog. Finder.com is an independent comparison platform and
information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services.