- Buy DOGE and 60+ cryptos
- Spend anytime with the MCO Visa card
- Earn interest on your crypto holdings
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Dogecoin (DOGE) is a decentralised, peer-to-peer cryptocurrency that’s similar to Bitcoin (BTC) and Litecoin (LTC). What started out as a joke has grown into one of the most widely traded cryptocurrencies in the world with a market capitalisation of more than US$70 billion as of May 2021.
Find an exchange to buy, sell and trade Dogecoin by comparing deposit methods, supported fiat currencies and fees. Select Go to site when you’ve found a fit.
Set up an account with an exchange that supports Dogecoin in three steps.
Look for an exchange that lists DOGE in one or more currency pairings, and sign up with your email address and a password.
If your exchange supports Dogecoin you’ll be able to buy DOGE directly with Indian rupees (INR).
Navigate to the markets section on your chosen exchange to find your desired DOGE pairing. Look for the section on buying DOGE, and type in the amount of the paired cryptocurrency you want to spend or the amount of DOGE you want to buy.
If you want to sell your DOGE holdings, you can do so by following a similar process to that outlined in Step 3. You’ll obviously need to look for the “Sell DOGE” link, while it’s also worth remembering that you may not be able to directly exchange DOGE for the currency you want to acquire.
Unless you’re looking to place a trade, storing cryptocurrency in an account on an exchange is not recommended. Instead, it’s generally much safer to store your DOGE in a secure wallet.
You can check out a list of the best Dogecoin wallets for a place to get started.
Founded in 2013 by Australian Jackson Palmer and IBM software developer Billy Markus, Dogecoin started life as a joke. In a January 2018 article in the Sydney Morning Herald, Palmer explains that the idea for Dogecoin started from a light-hearted tweet criticising the rapid rise of “scammy” altcoins at the time. Dogecoin takes its name from the immensely popular (in 2013) viral “doge” memes. Its mascot, which features heavily on the Dogecoin website, is a Shiba Inu.
However, behind all the fun and games of Dogecoin lies a very popular cryptocurrency. Designed to offer fast and affordable online transactions, this open-source digital currency can be used as a form of payment for goods and services, traded for other currencies, and is also commonly used to “tip” other Internet users who create or share popular content.
Based on the LuckyCoin protocol, a fork of Litecoin, Dogecoin uses the Scrypt encryption algorithm. Dogecoin was instantly popular in the crypto community and within two months of its launch, it had a market capitalisation of US$74 million. DOGE’s value has experienced several rises and falls since then, most recently in January 2018 when it reached a market cap of more than US$2 billion and a price of US$0.017359.
Cryptocurrencies are complicated and highly speculative, and many factors can affect their value. Understand the risks associated with cryptocurrencies before making a purchase.
If you’re thinking of buying Dogecoin, weigh the following factors against your financial goals:
Where is the price of Dogecoin headed in 2018 and beyond, and what are the factors affecting the value of this iconic cryptocurrency?
Nexo is a cryptocurrency lending and borrowing platform that offers high interest rates on cryptocurrencies, stablecoins and fiat. We review the features available and look at how safe your funds would be on the platform.
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A beginner’s guide to Stellar Lumens (XLM), including how to buy and sell XLM and where to store your Lumens.
If you want to buy or trade Bitcoin Cash (BCH) but you don’t know how, this guide contains step-by-step instructions on how to get started.
In 2017, Litecoin became the world’s number two cryptocurrency by market cap. Find out where it’s going, and how to buy it in India.
An in-depth guide to the best wallets for storing Dogecoin (DOGE), and how to choose the right wallet for your needs.
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