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Dogecoin is a peer-to-peer digital currency that was created in 2013 by Billy Markus and Jackson Palmer. It has become one of the most popular cryptocurrency, with over 100 million coins having been mined to date. Dogecoin uses an algorithm called Scrypt as its proof-of-work system for mining new blocks on the network. The total supply of Dogecoins will never exceed 21 billion coins, all of which are currently in circulation.
In comparison to other currencies such as Bitcoin or Ethereum, Dogecoin’s market cap is relatively small. However, this doesn’t mean that there isn’t a potential upside if you buy into the coin at current prices. If you’re looking to invest in Dogecoin today, we’ve got some great news: You can now purchase Dogecoin directly from our online store! We offer competitive rates compared to traditional exchanges, so check out how much money you could save when you start investing in Dogecoin right away.
How can I buy Dogecoin
You can easily buy Dogecoin through Coinbase using your bank account. All you need is access to a working internet connection and be able to verify your identity via email or phone number. Once logged in, select “Funds” in the top navigation bar, then click “+ Add Funds.” Choose between Bank Account or a Credit Card. Enter your card details and submit payment. Your funds should appear within minutes in your wallet.
PayPal
Dogecoin purchases made through PayPal take longer than normal because they have to go through several verification steps before being released to us. This process usually takes around three days but may vary depending on the amount purchased. In order to speed up the release time, please make sure to use a verified address and include any additional information requested during checkout. Dogecoin purchases made via PayPal cannot be refunded once processed. Please note that due to high demand, PayPal reserves the right to cancel transactions without notice.
Buying Dogecoin with a credit card
Dogecoin purchases made via a credit card require no extra verification steps beyond what is normally required for these types of payments. Purchases made with a debit/credit card do not incur fees. Credit card purchases must be completed within 24 hours after placing the order. Debit cards typically take two business days to clear, while credit cards generally only take one day.
Bank Transfer
Dogecoin purchases are made through bank transfer also require no extra verification steps besides those already mentioned above. These orders are subject to availability, and processing times may differ based on location. Orders placed outside of US territories may experience delays. Bank Transfer orders are non-refundable. It is ideal to place your order early to avoid missing out on the best price available.
Where to buy Dogecoin
The following are some of the platforms where you can purchase Dogecoin
Coinbase
This platform allows users to exchange fiat currency for bitcoin instantly. Users can fund their accounts through wire transfers, ACH deposits, SEPA transfers, and more. They support both USD and EURO accounts. After verifying your ID, you’ll receive bitcoins immediately upon purchasing them.
Bitstamp
Bitstamp offers one of the most advanced trading interfaces. The site has an easy interface that makes it simple to trade cryptocurrencies like BTC, ETH, LTC, DOGE, etc., dogecoin wallets. Once you log in, you will see all your balances, including the total value of coins stored in each wallet. From here, you can send coins to another user by clicking on the Send button next to the desired recipient.
Alternatively, you can withdraw coins from your wallet to your own digital wallet by selecting Withdrawal under Wallet Balances. You can even set up recurring withdrawals, so you don’t miss out on important transaction activity. Bitstamp supports multiple currencies such as Bitcoin, Ethereum Litecoin.
Local Bitcoins
If you’re looking to sell something locally, Local Bitcoins is probably the easiest way to find buyers who want to pay in local currency. Sellers simply list items for sale at their current asking prices. Buyers post bids that sellers accept or reject.
Conclusion
Buying Dogecoin is very similar to other popular cryptocurrencies such as Bitcoin and Etherium. We hope this guide helps you decide whether or not to invest in Dogecoin.
