Dogecoin, a decentralized cryptocurrency crafted in 2013 by Billy Markus and Jackson Palmer, is derived from the “Doge” meme that showcases an adorable Shiba Inu dog accompanied by witty captions presented in broken English.
Dogecoin was first created as a lighthearted joke, yet it rapidly amassed a devoted fanbase and took off.
Where Is Doge Coin Used?
Dogecoin is not only a popular method of payment for some merchants and online businesses but also an excellent way to show your appreciation for content creators on social media outlets such as Reddit and Twitter. It’s quickly becoming the preferred currency when it comes to tipping others for their hard work.
As the crypto world has grown more popular, Dogecoin’s fame has skyrocketed too—thanks to well-known influencers like Elon Musk and investors who view digital currency as a valuable asset. Despite its volatility in price, Dogecoin is prone to quick value shifts that are driven by buzz on social media or economic situations.
At the peak of the Doge popularity, the asset cost $0,58 in May 2012, when Elon Musk paid attention to it and called it his favorite crypto. After that, the doge price dropped, and as of February 2023, it is only $0.083.
How To Buy Doge?
Being one of the ten best-traded cryptos, Doge is listed on all large crypto exchanges, and the DOGE to USDT pair is one of the most popular. You can buy this asset using the WhiteBIT exchange. Here are simple steps:
- To get started, simply head over to our website and hit “Sign Up”. All you’ll need is your email address and a secure password. Create your account today and unlock all that WhiteBIT has to offer!
- Before you begin trading on WhiteBIT, it is necessary to verify your identity. To do this, simply follow the instructions and provide the documents requested for verification. Once complete, you will be ready to start trading.
- Once you’ve passed the verification process, it’s time to add funds to your WhiteBIT account. Select the payment method that works for you and follow the instructions.
- To reach the Dogecoin market, click “Markets” and select “DOGE” from the list. By doing so, you will have access to your funds right away.
- Visit the trading page and select either a market or limit order. There you will see the current Dogecoin value.
- Before you click that “Buy DOGE” button, double-check the order details to ensure everything is as it should be. Once your review has been completed and all appears satisfactory, confirm the order.
- Market circumstances can vary, and as such, the time it takes for your order to fill may differ. To track its progress, you can check back on the trading page periodically.
You can remove your Dogecoin from the platform by clicking on “Withdraw” once your order is filled and following all directions. With this simple action, you are able to securely move your cryptocurrency out of the exchange into an external wallet.
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