Six years ago, two programmers, Jackson Palmer and Billy Marcus, decided to create their own digital currency for fun. They chose the Litecoin cryptocurrency (or rather, its fork Luckycoin) as a technical base, and borrowed the name from the popular Internet meme about a dog. So the Dogecoin cryptocurrency appeared.
Six years later, in 2019, DOGE cryptocurrency is still very popular among users. You can buy DOGE on many platforms. Here is our guide on how to buy Dogecoin by Changelly!
DOGE Brief History
Due to the fact that the Dogecoin algorithm was borrowed from Litecoin, many people think that in technical terms, cryptocurrencies are identical. In fact, Dogecoin is significantly different from the original source:
1 minute is required to open the block (in the Litecoin network – 2.5);
transaction confirmation time is 6 minutes (for a Litecoin – 15);
The reward for opening the block has been unstable for a long time and was calculated randomly (since 2014 it has been 100000DOGE + percentage of the transaction fee).
Now DOGEcoin is more a cultural phenomenon with an extensive community. People supporting the platform are involved in charitable fundraising to support developing countries, sports teams, and other good deeds. In 2015, the creator of the crypt Palmer left the project. There were rumors for a long time about the imminent death of the DOGE. Despite this, an active community and decentralization allowed a fun cryptocurrency to exist to this day.
Where to Buy DOGE
There are many ways to purchase DOGE cryptocurrency. You can buy it on the crypto exchange, with a credit card, or just exchange your crypto assets to DOGE. Let’s look at each method in more detail.
#1. Buy DOGE on the Crypto Exchanges
It’s easy to purchase DOGE due to the significant amount of exchanges which listed the coin. You can buy DOGE for cryptocurrencies (BTC, ETH, USDT, LTC), as well as for fiat currencies (USD). The DOGE daily trading volume is $56,003,773. Here is a table of the most popular crypto exchanges selling the DOGE cryptocurrency.
After you purchase the coins, you can go back to the third point and exchange your BTC to DOGE.
Where to store DOGE coins
There are many types of storage, where you can keep your assets safely. Here is the list of the best DOGE wallets by the Changelly team.
All types of hardware wallets, such as Ledger Nano, KeepKey, and Trezor, are available to store your DOGE coins. Hardware wallets are most protected against hacking. You should buy them if you need to store a large number of cryptocurrencies for a long time or conduct daily operations with them. All hardware wallets are multicurrency and allow you to store not only Dogecoin but also all the main cryptocurrencies.
The official Dogecoin cryptocurrency wallet is available on the dogecoin.com project website. Available for installation on a computer and mobile phone, but only on Android. The Dogecoin Core wallet is an open-source and allows you to own private keys. For synchronization, you will need to download all blockchain networks. This is a reliable and secure local Wallet for storing DOGE and conducting financial transactions with a coin.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.