Dogecoin is a cryptocurrency, similar to Bitcoin or Ethereum, which was created in 2013 by software engineers Billy Marcus and Jackson Palmer. Palmer created the cryptocurrency’s logo based on a popular meme at the time that featured the intentionally misspelled word “doge” to describe a Shiba Inu dog. “Doge started to make fun of Bitcoin” Pat White, CEO of Bitwave, remarked.
Dogecoin works base on blockchain technology. Blockchain is a distributed and secure digital ledger that records all the transactions involving a decentralized digital currency. Now dogecoin can be traded on Coinbase’s trade plate. This is a follow-up to the addition of Dogecoin to Coinbase Pro in June. In this article, you will get to know how to buy Dogecoin on Coinbase.
How to buy Dogecoin on Coinbase
For trading dogecoin on coinbase platform:
- You must first create an account on the company’s main website, Coinbase.
- Confirm that you received the email you requested.
- Make sure your ID verification is complete and that you have set up 2-steps verification to protect your account. On verification, you will receive 5$ in Bitcoin, which will be credited to your account.
- After that, you can link a payment method, which varies by nation.
- Now choose your currency and deposit method by clicking on it.
- Enter the amount you want to spend, and then click “Withdraw”. Then go to “Trade,” “Select Market” and “DOGE-USD.”
During Elon Musk’s SNL appearance, a Dogecoin was worth 0.63$ at one point during May. According to the data provided by CoinMarketCap, one dogecoin is presently worth 0.23$(Market capitalization is constantly changing). You can also register yourself to Coinbase Pro if you would like a more advanced trading platform. You can even transfer it to your Coinbase Pro account if you already have Dogecoin.
What Makes Coinbase the Best Dogecoin buying platform?
Initially a joke coin, it’s grown to become one of the country’s most popular cryptocurrencies, making it incredibly enticing to those who want to get into crypto. The Dogecoin price is erratic, and what you see today may not be what you see tomorrow. However, as long as you recognize that every investment, particularly in crypto, carries risk, you will be alright because you will have a supportive community waiting for you.
If you decide to invest, there is no better place to do so than Coinbase. The trading platform is fully regulated and registered, and it will provide you with a positive trading experience, especially for novices. The platform offers excellent security, a diverse set of tools, easy liquidity, and a user-friendly interface. User will also be placed to learn that, in addition to Dogecoin, Coinbase support over 25 cryptocurrencies for trading, investing and selling.
In the world of Coinbase, cryptocurrency is a digital asset that is designed to be utilized across a network such as an internet. It is not under the control of any central authority such as the government or any financial institution.