Dogecoin (DOGE) was launched in 2013 as a fun alternative to established cryptocurrencies such as Bitcoin. A meme-inspired the Dogecoin moniker and Shiba Inu logo. Unlike Bitcoin, which is intended to be limited, Dogecoin is supposed to be numerous – 10,000 new coins are generated every minute, and there is no limit to the total quantity
Dogecoin is one of the most established cryptocurrencies. While it began as a joke, it rapidly acquired popularity and a devoted following.
Coinbase now accepts Dogecoin (DOGE) on Coinbase.com and even in the Coinbase Android and iOS applications. Customers of Coinbase may now purchase, sell, convert, transmit, receive, or store DOGE in any of the Coinbase-supported territories. Coinbase makes buying, selling, and storing DOGE simple and secure. In this post, we will tell you, how to buy Dogecoin on Coinbase.
Own Dogecoin in minutes on Coinbase
- Register now
Get started is quick, safe, and secure.
- Confirm your identity.
You’ll need a picture ID to make sure it’s you to avoid identity theft or fraud.
- Purchase Dogecoin.
Begin with an as little amount, payable by your bank account or debit card.
Dogecoin Is the Best Crypto to Invest
Dogecoin is the best crypto to invest in the medium of exchange. Elon Musk, a long-time supporter of Dogecoin, has backed up billionaire entrepreneur Mark Cuban’s statement that Dogecoin is the strongest cryptocurrency as a means of exchange.
Cuban told CNBC that “the doge community is the strongest in terms of adopting it as a means of trade.”
Both famous businesspeople were drawn to Dogecoin because of its lighthearted tone and great community, and they were instrumental in its 8,000 percent raise over the year.
What makes Coinbase the best site to purchase Dogecoin?
- Based in the United States of America
Coinbase is a San Francisco-based company with over 30 million satisfied clients globally.
- You can buy according to your budget
You may purchase a share of Dogecoin for as low as $25.
- Methods of payment that are convenient for you
It’s up to you whether to use your debit card or connect your bank account.
- Safe and secure.
Industry-leading security and insurance ensure the safety of your cryptocurrency and personal information.
Is it a good idea to purchase Dogecoin?
While Dogecoin’s popularity has increased as a result of its feeling of community and amusing Shiba Inu dog memes, that alone is not a justification to purchase this currency. Several other forms of cryptocurrencies may make more sense for you. As previously stated, Dogecoin is quite volatile. Dogecoin’s value was extremely low at the start of the year. In January, the coin’s price increased 400%. However, after a few weeks, the coin’s value plummeted by about a third.
If you are financially secure, on track to reach your retirement objectives, and have a sizable financial reserve in the bank, you may be willing to raise your Dogecoin holdings.