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Best Places to Buy Dogecoin in 2022 – Safe, Fast & Easy

concerned in investing in Dogecoin but not certain how to do it ? It ‘s easy to get started with this list of the best places to buy Dogecoin .

For most of its eight-year being, Dogecoin was reasonably much worthless.

Dogecoin co-creator Billy Markus evening sold all his coins in 2015 for about $ 10,000 .
then, in early on 2021, something changed. Due in depart to online chatter and song back of Tesla CEO Elon Musk, Dogecoin started hitting phonograph record prices. It peaked in May 2021 at merely under $ 0.70 .
At time of writing, it ‘s still among the top 10 cryptocurrencies by commercialize crown, according to coinmarketcap.com .
If you ‘re one of the many investors who think Dogecoin has a promise future, this steer is for you. Learn the best places to buy Dogecoin and whether it ‘s a good mind .

What is Dogecoin? + What’s it Used For?

Dogecoin is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer .
It was in the first place created to poke fun at the crypto residential district and their substance abuse of crazy speculation. This is why Dogecoin is sometimes called a “ memecoin. ”
Dogecoin is an open-source, decentralize mint. And unlike Bitcoin, it has no issue capital. More coins can be created at any time, and whenever more Dogecoin is created, the coin is devalued .
so, what is Dogecoin ‘s determination ?
Dogecoin does n’t have a many use cases as some other cryptos. however, it does boast an enthusiastic community of fans. Because of this, Dogecoin ‘s elementary aim has become a kind of “ tipping ” between internet users on forums like Reddit .
Fun Fact : In 2014, a group of on-line supporters raised more than $ 25,000 in Dogecoin to help the Jamaican bobsled team attend the Winter Olympics in Sochi .

Best Places to Buy Dogecoin

Choosing an change can be daunting, but we ‘ve narrowed down the best places to buy DOGE. Review the exchanges below to find the best equip for you .

1. Coinbase: Best for Beginners

If you ‘re trading for the inaugural time, Coinbase makes it easy to buy cryptocurrencies like Dogecoin with little experience .
There ‘s a reason it ‘s one of the most popular exchanges with novice crypto traders. They have a user-friendly interface and a range of educational offerings that will pay you to learn .
The biggest downside to trading on Coinbase is that it has relatively eminent fees—the price you pay for its relief of consumption. [ 1 ]
Coinbase presently offers more than 65 cryptocurrencies to buy, sell, and deal, with more add regularly :
List of popular supported coins on Coinbase:[2]

  • 0x
  • 1inch
  • Aave
  • Algorand
  • Amp
  • Ampleforth Governance Token
  • Ankr
  • Augur
  • Balancer
  • Bancor Network Token
  • Band Protocol
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • Cardano
  • Cartesi
  • Celo
  • Chainlink
  • Civic
  • Compound
  • Cosmos
  • Curve DAO Token
  • Dai
  • Dash
  • Decentraland
  • district0x
  • Dogecoin
  • Enjin Coin
  • Enzyme
  • EOS
  • Ethereum
  • Ethereum Classic
  • Filecoin
  • Gitcoin
  • iExec RLC
  • Internet Computer
  • Kyber Network
  • Litecoin
  • Loopring
  • Maker
  • Mirror Protocol
  • NKN
  • NuCypher
  • Numeraire
  • OMG Network
  • Orchid
  • Origin Token
  • Polkadot
  • Polygon
  • Ren
  • SKALE
  • Stellar Lumens
  • Storj
  • SushiSwap
  • Synthetix Network Token
  • Tellor
  • Tether
  • Tezos
  • The Graph
  • UMA
  • Uniswap
  • USD Coin
  • Wrapped Bitcoin
  • yearn.finance
  • Zcash

Coinbase is n’t the cheapest exchange out there, but if you ‘re looking for an easy path to crypto trade, it does n’t get a lot simple .

2. Binance: Best for Active Traders

With some of the lowest fees and the highest liquid in the industry, Binance is regularly ranked as the most-used exchange in the worldly concern. It ‘s a solid option for traders looking to make patronize or high volume trades .
In addition to their basic deal chopine, Binance besides offers free peer-to-peer trade, a trade appliance compatible with the privacy-focused Brave internet browser, a range of savings and staking options, and more .
Besides Dogecoin, the assortment of crypto they offer is multiples greater than most early exchanges, and they ‘re available all over the worldly concern .
They boast an impressive list of over 250 cryptocurrencies to trade internationally, and over 50 in the U.S., including :
List of popular supported coins on Binance:[3]

  • 0x
  • Algorand
  • Augur v2
  • Band Protocol
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • BNB
  • BUSD
  • Cardano
  • Chainlink
  • Compound
  • Cosmos
  • DAI
  • Dash
  • Decentraland
  • Dogecoin
  • Elrond
  • Enjin Coin
  • EOS
  • Ethereum
  • Ethereum Classic
  • Harmony
  • Hedera Hashgraph
  • Helium
  • Horizen
  • ICON
  • KyberNetwork
  • Litecoin
  • Maker
  • Matic Network
  • MIOTA
  • NANO
  • NEO
  • OMG Network
  • Ontology
  • Orchid
  • PAX Gold
  • QTUM
  • Ravencoin
  • Solana
  • Stellar Lumens
  • Storj
  • TetherUS
  • Tezos
  • Uniswap
  • USD Coin
  • VeChain
  • VeThor Token
  • Waves
  • Zcash
  • Zilliqa

Binance: Buy and Sell Cryptocurrency

Click Here to Learn More Keep in mind that Binance is much subject to regulative examination regarding illegal activities on the chopine from governments around the universe, including the U.S., India, and the UK. For now, though, Binance appears to be making every attempt to comply with regulators .

3. eToro: Best for Social Trading

If you want to learn more about trade strategy ( like when to buy and sell DOGE ), you might consider eToro .
Their public feeds, trader ratings and risk scores, educational subject and fiscal reports make eToro a good choice for those who want to dive deep into the ‘why ‘ of crypto .
eToro is possibly best known for its CopyTrading feature, which lets users mimic the trades of other successful investors automatically .
You can besides take advantage of eToro ‘s Smart Portfolios, curated sets of crypto coins from different sectors of the market. Some examples include their FuturePayments and CryptoEqual portfolios .
As for their patronize coins beyond Dogecoin, they offer a slightly restrict crop draw from the most popular :
List of popular supported coins on eToro:[4]

  • Aave
  • Bitcoin
  • Bitcoin Cash
  • Cardano
  • Chainlink
  • Compound
  • Dash
  • Decentraland
  • Dogecoin
  • EOS
  • Ethereum
  • Ethereum Classic
  • Iota
  • Litecoin
  • NEO
  • Ripple
  • Stellar
  • Tezos
  • Tron
  • Uniswap
  • Yearn.finance
  • ZCash

4. Crypto.com: Best for Altcoins

If you want to shop around for other coins in summation to Doge, Crypto.com supports a growing list of over 90 cryptocurrencies and stablecoins .
On acme of that, they have one of the widest ranges of crypto-related services. There is n’t much you ca n’t do at Crypto.com, including :

  • An NFT marketplace
  • A range of crypto rewards Visa cards
  • A pay feature that allows you to spend your coins at local merchants
  • Custodial and non-custodial wallets
  • A range of interest accounts

In addition to its impressive variety of coins and features, Crypto.com charges fairly low trade fees. It is n’t the cheapest exchange, but it ‘s cheaper than many of the other popular exchanges .
The number of coins supported by Crypto.com is long, and it ‘s growing .
List of popular supported coins on Crypto.com:[5]

  • 0x
  • 1inch
  • Aave
  • Aavegotchi
  • aelf
  • Algorand
  • Amp
  • Ampleforth Governance Token
  • Ardor
  • Ark
  • Arweave
  • Audius
  • Avalanche
  • Axie Infinity
  • BakeryToken
  • Balancer
  • Bancor
  • Band Protocol
  • BigONE Token
  • Binance Coin
  • Binance USD
  • Bitcoin
  • Bitcoin Cash
  • Bluzelle
  • Cardano
  • Casper
  • Celer Network
  • Chainlink Solana
  • Chiliz
  • Chromia
  • Compound
  • Compound Coin
  • Contentos
  • Cosmos
  • Cronos
  • Curve DAO Token
  • Dai
  • Dash
  • Decentraland
  • DIA
  • DigiByte
  • Dogecoin
  • Ellipsis
  • Elrond
  • Enjin Coin
  • Enzyme
  • EOS
  • Epanus
  • Ethereum
  • Ethereum Classic
  • Everipedia
  • Fantom
  • Fetch.ai
  • Filecoin
  • Flow (Dapper Labs)
  • Game.com
  • Gas
  • Gemini Dollar
  • Gitcoin
  • Golden Ratio Token
  • Golem
  • Harmony
  • Helium
  • Holo
  • HUSD
  • Hydro Protocol
  • ICON
  • iExec RLC
  • Injective Protocol
  • Internet Computer
  • IOST
  • IQ.cash
  • IRISnet
  • Kava
  • Komodo
  • Kusama
  • Kyber Network Crystal Legacy
  • Lisk
  • Litecoin
  • Livepeer
  • Loopring
  • Luna Coin
  • Maker
  • Nano
  • NEAR Protocol
  • Neo
  • Nervos Network
  • NKN
  • NuCypher
  • Numeraire
  • Ocean Protocol
  • OMG Network
  • Ontology
  • Ontology Gas
  • Origin Protocol
  • Pancake Swap
  • PAX Gold
  • Paxos Standard
  • Polkadot
  • Polkastarter
  • Polygon
  • Qtum
  • Raiden Network Token
  • Rally
  • Rarible
  • Ravencoin
  • Ren
  • Reserve Rights
  • Ripple
  • Shiba Token
  • Siacoin
  • SKALE Network
  • SoMee.Social
  • Stacks
  • Stellar
  • Storj
  • Stox
  • STRAX
  • SushiSwap
  • Synthetix Network
  • Tellor
  • Terra
  • Tether
  • Tezos
  • The Graph
  • The Sandbox
  • THETA
  • Theta Fuel
  • THORChain
  • TomoChain
  • TrueUSD
  • UMA
  • UNICORN Token
  • Uniswap
  • Universe
  • USDC
  • VeChain
  • Venus
  • VeThor Token
  • Waltonchain
  • Waves
  • Wrapped Bitcoin
  • XSGD
  • yearns.finance
  • Zilliqa

5. Gemini: Safest Crypto Exchange

If security system is your top priority, you ‘ll be distressed to find an exchange that ‘s more give to security than Gemini .
Gemini keeps most of their crypto in coldness storage, offline in air-gapped, geographically distributed facilities .
Any crypto they keep in hot wallets is insured and protected to a standard of a FIPS 140-2 Level 3 rate or higher. [ 6 ]
They keep much of their internal site off public internet, employ rigorous inner controls over the remove of crypto, and have partnered with third-party vendors to protect against DDoS attacks.

Gemini offers over 30 cryptocurrencies, including the come :
List of popular supported coins on Gemini:[7]

  • 0x
  • 1inch
  • Aave
  • Amp
  • Balancer
  • Bancor Network
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • Chainlink
  • Compound
  • Curve
  • Dai
  • Decentraland
  • Dogecoin
  • Enjin Coin
  • Ethereum
  • Filecoin
  • Gemini Dollar
  • Kyber Network
  • Litecoin
  • Loopring
  • Maker
  • Orchid
  • PAX Gold
  • Ren
  • Skale
  • Storj
  • Synthetix
  • The Graph
  • The Sandbox
  • Uma
  • Uniswap
  • Yearn.finance
  • Zcash

While other platforms were trying to make crypto easier, or faster, or cheaper, or to offer more coins, Gemini was working to make it safe. And it appears to be working. Unlike several other major exchanges, indeed far Gemini has never been hacked .

How to Buy Dogecoin

If you ‘re buying Dogecoin for the first clock, you may be wondering how it ‘s done. Do n’t worry, in most cases, it ‘s very simpleton if you good follow a few steps.

  1. Choose an exchange and set up an account: Not all exchanges carry Dogecoin; make sure you pick one that does.
  2. Get verified: Every exchange is different, but most will require some sort of identity verification the first time you use them. You may need to give personal information, photograph IDs, and even record yourself to get started. Some will also require that you set up Two-Factor Authentication before you start trading. You can typically do this with a phone number or an app like Google Authenticator. Verification can take anywhere from a few minutes to several days to process, depending on the exchange.
  3. Set up a payment method and fund your account: Most trades start with fiat currency, like USD or EUR. You’ll start by connecting a bank account, making a wire transfer, or connecting a credit or debit card.
  4. Make your purchase: Once your account is funded, it should be a matter of choosing the currency you want—or trading pair, like DOGE/USD, as some exchanges operate this way—and setting the amount. You can either buy it outright, or, if the exchange supports it, set a limit order, which will allow you to buy Dogecoin at a specific price when it reaches it, assuming the market cooperates.

Should You Buy Dogecoin?

Dogecoin lacks respective important characteristics that Bitcoin has. This includes scarcity—Dogecoins are being minted at a rate of 10,000 per minute, while Bitcoin has a finite supply—and an active community of developers invested in keeping it relevant and up to date .
many believe that Doge is running on pure exuberance, and if it runs out, you could be left holding the bag .
Remember that Dogecoin was developed as a jest. It could end up being a profitable one for you, but as always, keep off investing money you ca n’t afford to lose .
ultimately, it ‘s up to every trader to decide whether they think an investment is a good matchless. Before buy, consider the watch points .
First, crypto is volatile. Consider 2021. Dogecoin has traded at less than half a cent and more than $ 0.70, in a matter of months, and it now appears to have settled somewhere in the 20-cent scope .
Second, many experts and enthusiasts are doubting of Dogecoin as a legalize investment. Although DOGE has garnered a lot of fame attention, particularly from Elon Musk and investor Mark Cuban, no one ‘s judgment is infallible .

How to Choose an Exchange

Cryptocurrency exchanges allow users to buy, trade, and sell cryptocurrencies like Dogecoin. When trying to decide which to use, there are several factors you ought to keep in mind .

Features

first, there ‘s the trade platform itself .
Does it provide market data ? historical prices ? Can you execute limit orders, or deal on margin ? Every rally is unlike, and you ‘ll find that many of the popular exchanges have only the most straightforward options .
For those who wish to take their coins elsewhere, or someday even spend them, it ‘s crucial to know whether the platform allows coin withdrawals—not all do .
And some exchanges are only trading in CFDs ( contracts for difference ), which allow traders to profit from changes in the price of an asset without immediately owning it .
beyond that, consider what other features might appeal to you as a trader. here are some of the more park :

  • Staking and Interest Accounts
  • Educational Resources
  • Rewards Credit and Debit Cards
  • Crypto Pay (allows you to spend your coins at retailers)
  • Crypto-backed Loans
  • P2P Trading
  • NFT Marketplace
  • Custodial and Non-custodial Wallets

Fees

Fees determine how much you spend or save when deal crypto. Of course, ideally, you ‘d go for the platform with the lowest fees potential, but early considerations frequently make that indefensible .
here are some park fees you should watch out for :

  • Transaction Fees: Added by the exchange itself to cover the cost of trading.
  • Spread: Frequently hidden, and may not even be listed by the exchange. It is the difference between the selling and buying price, and is often used by so-called “commission-free” exchanges as a way of profiting from a transaction without disclosing that they’re doing so. Some exchanges charge it on both buy and sell transactions, and some charge it only once.
  • Deposit Fees: Charged to deposit money into an exchange. Not all exchanges charge a deposit fee, though sometimes they can be costly, so check beforehand. Common deposit methods include ACH Bank Transfer and Wire Transfer.
  • Debit / Credit Purchase Fee: Many exchanges that support the option will charge more for these purchase methods—sometimes a lot more.
  • Withdrawal Fees: Whether you’re withdrawing cryptocurrency or fiat money, many exchanges charge you to do it, often depending on the withdrawal method.
  • Inactivity or Maintenance Fees: Charged for having an account, or having but not using one, usually for a period of 12 months.
  • Gas Fees: Fairly uncommon on exchanges. Charged to pay for the cost of executing an operation on the blockchain.

Security and Privacy

Some security features offered by crypto exchanges may sound like meaningless jargoon to average traders, but there are some aboveboard things that you can keep an eye out for when choosing an change.

  • Multi-Factor Authentication: This ought to be a bare minimum for protecting your account. SMS is a start, but an authenticator app is better.
  • Address Allowlisting or Whitelisting: This allows you to choose ahead of time which crypto wallet addresses you want to allow withdrawals to—typically, yours.
  • Cold Storage: Cautious exchanges will keep most or all of their crypto stored offline, or in “cold storage,” rather than in hot storage, online. This means that if their system is hacked, the hackers still won’t have access to the crypto, which is frequently difficult to insure.
  • Insurance: Typically, cash holdings are FDIC insured, but that doesn’t cover crypto—which doesn’t mean that there aren’t ways for exchanges to acquire insurance for cryptocurrency holdings. Some take out private insurance policies, others set aside funds to reimburse customers in the case of loss by theft.
  • Bug Bounty: Many large companies pay bug bounties to would-be hackers. The hacker finds the flaw, and instead of exploiting it, they reveal it to the company’s internal security team for a high payout.
  • Encryption: Encryption means that if their security is breached, your information is less likely to be stolen. Remember: it’s not just your money or your coins that these exchanges have access to; it’s frequently your personal information as well.

As for privacy, most exchanges are required to obtain personal information about their customers in order to comply with local anesthetic regulations such as KYC ( know your customer ) and AML ( anti-money laundering ). Look for exchanges that guarantee not to share your data once they have it .

Location

deal is a highly regulate commercial enterprise, and laws vary by state .
This means that not every exchange will be available everywhere. Some may even have practices that put you in danger of unwittingly breaking the law of your family country .
The easiest solution is to use exchanges based where you are, when possible .

Custodial or Non-Custodial

Where do you keep your money ? This is a major wonder in the crypto space, where there are no banks, and lost crypto is much lost for estimable .
A custodial exchange will hold your coins, while a non-custodial central requires you to have your own wallet, either hot or cold, to store them on .
This is in truth a interrogate of preference and trust. If you believe the substitution will keep your coins safe better than you can, then leave them there .
If you are worry about the substitution being hacked or going bankrupt, consider buying a wallet of your own.

Bottom Line

Dogecoin is a popular cryptocurrency that started off as a joke and became something else wholly .
Like the rest of crypto, it is n’t a certain thing, and any investment you make should be done with caution—and you should never invest more than you can afford to lose .
Whether you ‘re a novice or a season crypto enthusiast looking to up your trade game, there ‘s an rally that ‘s perfective for you. All you ‘ve got to do is make the choice and begin deal.

References

reference : https://leowiki.com
Category : Economy

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