What is Dogecoin?
Dogecoin is a cryptocurrency that was created by programmer Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Dogecoin was intended to be a joke currency, the digital equivalent of Doge Memes but it has since gained traction as an accepted means of payment for goods on the internet.
However, Dogecoin came out of its humble beginnings as a joke and became something real. As it stands now, Dogecoin is a legitimate cryptocurrency worth money—and there are Doge enthusiasts who take the community very seriously indeed.
The Technology Behind Dogecoin
Dogecoin is a cryptocurrency that runs on blockchain technology, similar to Bitcoin and Ethereum. Dogecoin’s blockchain network uses cryptography to keep all transactions secure.
Do you want to know how Dogecoin works? Dogecoins are mined by computers solving complex math problems to create new blocks of Dogecoins for the currency’s decentralized network. Mining was at one point considered so easy as turning your computer on and letting it run. Still, now mining involves advanced hardware with powerful processors running complicated hashing algorithms like SHA-256 or Scrypt.
How to Buy Dogecoin
Dogecoins are available on many cryptocurrency exchanges; you can buy Dogecoin with a credit card, Bitcoin, or another crypto coin.
Just make sure to check if the platform allows you to access your digital wallet to send and receive Dogecoins.
Some crypto broker platforms only let you buy or sell Dogecoins with USD.
Sites to Buy DogeCoin
Binance was established in 2017, and it’s the largest cryptocurrency exchange in the world in terms of crypto pairs trading volume.
One main advantage that Binance offers is focusing on altcoin trading. If you wish to trade crypto altcoins, Binance can provide you with a wide range of options.
You can trade more than 100 crypto coins and margin trading, p2p trading, and Derivatives, and more.
Binance can be a fantastic option for those who look for a reliable and well-known crypto exchange that offers altcoins trading in addition to popular pairs such as BTC, ETH, Ripple, etc.
Coinbase is one of the largest and most popular crypto exchange in the world, supporting more than 43M verified users from more than 100 countries.
Following the popularity of Coinbase, it offers very high liquidity for crypto pairs and a wide variety of products. If you are looking to trade altcoins, you may find them on the coinbase trading pairs list.
Sex-IO is a trusted and secure crypto exchange platform. Most of the countries supported and can use CEXio as well as 48 US States.
It’s considered a trusted crypto exchange with high security and excellent customer support. In addition, its interface is user-friendly and very easy to navigate.
One more thing is that CEX Io has more minor trading pairs options than other crypto exchanges.
Kraken is a US-based popular cryptocurrency exchange. The platform offers trading on more than 50 crypto coins such as BTC, ETH, and other altcoins for buying and selling, margin trading, and futures trading.
You can use Kraken from mobile or desktop and get help when needed from their 24/7 support team.
There are many advantages to using Kraken, and you welcome to visit their site for more information.
Huobi is a popular cryptocurrency exchange launched in China back in 2013, Now her headquarters are located / Asia / US and Seychelles.
Huobi offers a wide range of crypto exchange options and pairs.
In addition to crypto pairs trading, you can use Houbi to margin trading,
collateralized loans, and more.
Huobi is currently listing 372 crypto assets for trading.
KuCoin is a crypto exchange launched in 2017, and It has a solid reputation among cryptocurrency traders.
KuCoin offers low fees crypto trading with a professional trading platform that is friendly for beginners and experienced traders.
Bitfinex is hong kong based crypto exchange that was founded in 2012.
Bitfinex is aiming for all users as well as advanced crypto traders as it ofeers many advaned features such as:
- margin trading
- marging funding
- Customizable interface
- hige Security
- Customizable interface