Cryptocurrency trading is an increasing market and something that many people are taking an interest in due to the profits that can be created here. There are various forms of cryptocurrency that are currently on the market, which can make it difficult to know where to start or where is best to put your money.
While everyone will be somewhat familiar with Bitcoin, there are more options out there, and Dogecoin is just one of them you can trade or sell.
What is Dogecoin?
Dogecoin is an open-source digital currency that is based around a popular internet meme or joke. The name and appearance of Dogecoin (DOGE) are based on the meme ‘doge,’ which is based on the image of a Shiba Inu dog that first became popular in 2013.
The coin’s logo will be familiar to anyone who has experience with internet culture as it is the same image of the dog that created the doge meme almost a decade ago.
Dogecoin was first hard forked from Litcoin, another form of cryptocurrency, as it was created to be a fun and light-hearted form of cryptocurrency that could appeal to a wider audience. The world of cryptocurrency can be complex and complicated, but Dogecoin was designed as a stepping stone for people to get into the world of trading and learn more about how cryptocurrency works.
It is a peer-to-peer global currency that can provide instant transactions online for low fees.
You can read more about the history of Dogecoin and how it came to be on this website.
How To Buy Dogecoin
If you are interested in the trading and selling of cryptocurrency, Dogecoin can be a good place to start due to the light-hearted nature of the coin.
The easiest way to buy Dogecoin is through a registered cryptocurrency exchange platform, which allows you to trade currencies from across the globe for crypto-cash, which can then be traded, sold, or used as a commodity in online circles.
It is easy to get started on one of these exchange platforms, as there is a basic registration process that is similar to any other you may have done in the past. For traders based in New Zealand, the best platform out there is Swytfx, and it offers great perks for traders in other countries too.
How To Get Started In Dogecoin Trading
You will need to make an account with a cryptocurrency exchange platform, which works just like any other currency exchange site. It will allow you to trade your currency for another and the rates can vary based on the value of the coins at different times of the tax year.
Swyftx allows you to trade all kinds of cryptocurrency, including Dogecoin, and it is the easiest way to get started in this market.
It is a highly secure website that requires government issued identification before an account can be created. Join the hundreds of other traders who are already working with Dogecoin online today.