- Dogecoin is the First Meme coin With a Strong Community Support
- In this article, we have listed the Top 5 Exchanges to Buy it.
What is Dogecoin?
Dogecoin is one of the most famous meme coins among crypto users. Many crypto enthusiasts use dogecoin to provide tips to content creators for appreciating their work. Dogecoin has a strong community base that constantly supports this cryptocurrency.
Its community members involve big personalities like Elon Musk who are constantly supporting this coin to improve its working and even increase its popularity. Dogecoin saw a strong price rally when Elon Musk started tweeting in support of this cryptocurrency.
This crypto was launched in 2013 as a joke by Billy Markus and Jackson Palmer. It was the first meme coin of its time. Jackson didn’t launch it with the serious intention of making it a big crypto project. Soon after its launch, it started gaining popularity on Reddit. There people started sharing it as a tipping cryptocurrency. Only within two weeks, it reached the milestone of more transactions than Bitcoin.
Currently, dogecoin is enjoying a huge market cap of $9,178,052,127. It ranks as the 8th biggest cryptocurrency. Its mining is also very simple. Anyone can mine this coin with an average PC using Windows, Linux, or Mac operating software and a strong GPU. The average block timing of dogecoin is 1 minute. It has an unlimited supply.
After learning about dogecoin, you might be thinking of adding this cryptocurrency to your portfolio. We have compiled a list of ways by which you can own this meme coin.
Top Crypto Exchange to Buy Dogecoin
- Uphold
This crypto exchange provides you the opportunity to trade 210+ cryptocurrencies with dogecoin. This exchange is very beneficial for those users who wish to maintain multiple asset portfolios on the same wallet. It provides a very easy interface that even beginners can understand
- Swapzone
Swapzone is another crypto exchange that where you can provides you the opportunity to trade in Dogecoindogecoin. It is best for those who already own other cryptocurrencies such as Bitcoin or Ethereum and want to exchange them with dogecoin. A disadvantage of using this platform is that it does not allow direct fiat to Dogecoin exchange. You will first have to exchange your fiat currency into Bitcoin and then you can proceed towards exchanging it for Dogecoindogecoin.
Still, the offers it provides for exchanging dogecoin are very attractive. Hence, it’s always worth giving a try.
- Kraken
Kraken is not only one of the oldest crypto exchanges but also one of the oldest. The features this platform provides like low trading fees and easy interface attracts thousands of investors every month.
The fees that Kraken applies are as follows :
For trade, it applies 0% to 0.26% per trade and
3.75% + €0.25 for credit card purchases
- Coinbase
Coinbase enjoys a reputational relational place among the top 5 crypto exchanges trusted by the United States. Trading in cryptocurrency is like a piece of cake on this exchange. Users can use Paypal, Apple Pay, and even Google Pay to buy dogecoin on this platform. This makes it the first voice for beginners. This has a collection of 50 cryptocurrencies cryptocurrency among which you can trade. All you need to do is to open an account, link the payment method and buy the crypto.
- Robinhood
Started in 2013 this crypto exchange allows almost all types of trading from cryptocurrency to stocks, exchange-traded funds, options, and fractional shares. This exchange is best for those users who trade in all the assets. This exchange can provide them with a single platform for their vast portfolio.