Dogecoin was meant to make fun of the wild speculation on cryptocurrencies at the time, but it would end up being one of the most important meme coins. It is known for being the first meme coin and also the first cryptocurrency to be based on a dog. The coin offers quick transactions and offers lower transaction fees. You can set up your crypto wallet today and start making deposits with Dogecoin.
Top 19 sites for buying, selling and trading crypto with Dogecoin
This is the toplist with the best sites to buy, sell or trade cryptocurrencies with Dogecoin. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
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We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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Summary
Dogecoin has been ranked among the top ten cryptocurrencies for a long time. It was developed through a hard fork from the Litecoin code and uses the same technology as Litecoin and Bitcoin. The coin became famous because of the constant promotion by Elon Musk, the CEO of Tesla. His company even accepted Dogecoin for certain Tesla merchandise for some time. Since it uses the proof of work system, the network is extremely secure.
Advantages
+Dogecoin usually completes transactions within a minute.
+It uses the proof of work system, which is extremely secure.
+You can buy it on lots of crypto exchanges.
+Many popular wallets support this token.
+You can mine the tokens.
Disadvantages
-There is no cap on the number of coins that can exist.
-It is vulnerable as it doesn’t offer anything new.
-The value of the coin fluctuates wildly within short periods.
-Its mining system consumes a lot of energy.
-The project doesn’t have a development team or road map.
What is Dogecoin?
Dogecoin is an open-source peer-to-peer payment system that was meant to parody cryptocurrencies that were claiming to change the world. Like other cryptocurrencies, it uses cryptography and records all transactions on a public ledger. Since it was forked from Litecoin, the coin shares many similarities with LTC and BTC. The key difference is that DOGE does not have a hard cap on its supply. It works better as a currency as opposed to a store of value, and its transfer fees are also quite low.
Dogecoin Costs
Dogecoin has very low transfer fees. On average, you can expect to pay fees of around $0.44. You should note that spikes have been noted once in a while, but at its highest point, the fee has never exceeded $8.05. This is still extremely low, especially when compared to Ethereum.
Transaction speed for Dogecoin
On average, this blockchain takes less than a minute to complete transactions. The transfer speed can vary depending on the network congestion and the volume of coins transferred.
Dogecoin Deposits: How to do it?
Go to the crypto exchange and enter your signup information
Select the coin from the list of available funding methods
Enter the deposit amount and confirm the details
Complete the payment by using a verification method of your choice
Which are the main countries where Dogecoin is used?
This cryptocurrency is mostly used in the USA and Canada. It is commonly used to tip content creators on platforms like Reddit, Facebook, and Twitter. You should note that the coin can’t be used in countries that have a complete ban on cryptocurrencies, and these include China, Tunisia, and Egypt.
Can you withdraw with Dogecoin?
You can use this altcoin for deposits and withdrawals. This is a great option for withdrawals since it processes transfers quickly. If you don’t want to take your money out in crypto, you can consider using Visa or Mastercard as they are also quite fast.
Reputation of Dogecoin
Although this altcoin was developed as a meme, it quickly became one of the most important cryptocurrencies. The Dogecoin community has been growing since the release of the token, and now, its Twitter account has more than 3.4 million followers. On Reddit, the official subreddit of the coin has over 2.3 million subscribers. The main benefits of the token are its low transfer costs and excellent transfer speed. Since it is one of the top cryptocurrencies by market cap, there are many crypto sites that accept Dogecoin.
FAQ
Below are some of the most frequently asked questions by Crypto Lists visitors.
Is it safe to use this deposit method in crypto exchanges?
It is quite safe to make payments using this altcoin. However, you should ensure that you use secure internet when making the transaction. Also, be wary of phishing emails and ads since they can lead to the complete loss of your coins.
How do I set up Dogecoin?
In order to start making Dogecoin payments, you will have to open a crypto wallet and add some tokens to it. You will then have to secure the wallet and can make payments to the exchange.
Is Dogecoin instant?
This altcoin is quite fast as it typically completes transactions within a minute. Like Litecoin and Bitcoin, this network uses the proof of work mechanism to verify transactions, and payments will be slower when the network is busy.
When was Dogecoin founded?
This coin was founded in 2013 and was based on the popular meme featuring a Shiba Inu, which is a Japanese dog breed. Its code is forked from Litecoin, which was in turn a fork of Bitcoin.
Where is the mother company based?
This is a peer-to-peer funding method and does not have a mother company. The coin was created by Billy Markus and Jackson Palmer, but they are not directly in control of the network.
Is Dogecoin becoming for popular for deposits?
Yes, this altcoin has emerged as one of the most popular cryptocurrencies for payments online. Elon Musk famously purchased the token and even bought his own Shiba Inu in support of the coin. Tesla even accepted the coin as a mode of payment for certain merchandise.
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