What is DOGECOIN (DOGE)?
Dogecoin or DOGE is a digital crypto currency. It falls under the name “cryptocurrency” and more specifically known as a good altcoin from Bitcoin. Like other altcoins, it is a decentralized, anonymous and secure form of money that cannot be manipulated by banks. It started as a joke, but Dogecoin and Litecoin belong to the classic altcoins. The cute and funny Shibu Inu dog has become a bit of the DOGE badge.
Dogecoin is a variant of Bitcoin. Just like with Bitcoins, you can mine Dogecoins. This will be a lot easier compared to mining Bitcoins. The number is fixed. A total of 100 billion Dogecoins will be put into circulation. There is a clear reason for this. In total, only 21 million Bitcoins will be put into circulation and only 69 million Litecoins. These are not many in relation to the possible increase in value. The ambition is that in the long term Dogecoin can indeed become the internet money of the people, in the sense that Bitcoin will become more and more expensive and due to the limited number of Bitcoins in circulation, it will be less practical for small transactions. Bitcoin will be a kind of digital gold, while Dogecoin can grow into a digital crypto buyer. Look, sending 0.000124 Bitcoin for a cup of coffee is not really appealing. In the Bitcoin economy they have therefore also introduced the term Sathosi for Bitcoin micro payments. In that case it is better to pay for your coffee in Dogecoins. You just pay your coffee with 1.24 Dogecoins. The idea is that Dogecoin simply functions together with Bitcoin and other cryptocurrencies such as Litecoin.
How can I buy Dogecoin?
The number of users has grown very quickly in a short time and more and more people are now using it. At the moment it is still very cheap and very easy to buy. Dogecoin also has a close community of users. There are different ways you can buy DOGE. .
The cheapest and fastest is to buy DOGE with bitcoins! If you already have bitcoins, you just have to create a Doge Wallet such as the MultiDoge wallet, or even better, the online LiteBit or Coinpayments wallet that you can additionally secure with a Trezor later. The best thing is to eventually purchase a Keepkey or Ledger hardware wallet for safe storage of your Dogecoins. Then you paste the address of your LiteBit Doge wallet below into the crypto exchange widget and you can immediately exchange your bitcoins for Dogecoins