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What Is the Best App to Buy Dogecoin?

What Is the Best App to Buy Dogecoin?

by Staff
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The cryptocurrency Dogecoin, created in 2013 by Billy Markus and Jackson Palmer, with its mascot (known as “Doge”) coming from the Shiba Inu Japanese dog breed, captured the attention of traders around the world following price surges earlier in 2021.


If you’ve heard of dogecoin but are unsure of where to buy it, there are a number of different outlets you can use. To find your best option for buying Dogecoin, keep reading.


Kraken

Kraken is one of the best apps to buy and trade Dogecoin for several reasons. Kraken offers the most liquidity for Dogecoin pairs, which means you can always buy or sell Dogecoin on Kraken with ease. Kraken also has the lowest fees for buying and selling Dogecoin, so you can save money on every trade.

Kraken also supports multiple payment methods, including bank transfers, wire transfers, and credit/debit cards. This makes it easy to fund your account and start trading Dogecoin.

Download: Kraken for Android | iOS (Free)

Coinbase

Coinbase is the perfect place to buy Dogecoin for several reasons. One of the most reputable exchanges in operation today, Coinbase has built up a large user base by providing a simple and easy-to-use platform. Coinbase also offers very competitive fees. When buying Dogecoin, Coinbase only charges a 1% fee. This makes Coinbase one of the most affordable places to buy Dogecoin.

Download: Coinbase for Android | iOS (Free)

Gemini

Gemini is one of the best apps to buy Dogecoin because it offers the most user-friendly experience and allows you to buy Dogecoin with USD, EUR, GBP, CAD, and more fiat currencies. Gemini offers more than 75 crypto assets, including Dogecoin. There is no minimum amount to get started, but different fees apply for web transactions and mobile transactions. In addition, a 0.50% convenience fee is charged for each transaction.

Download: Kraken for Android | iOS (Free)

What’s the Best App to Buy Dogecoin?

With a market cap of almost $8 billion, Dogecoin is the tenth-largest cryptocurrency in circulation. Though it was originally created as a joke, the Dogecoin community is passionate and has helped the coin to maintain its place in the top ten.

So, should you invest in Dogecoin? On the one hand, Dogecoin has a lot going for it. It has a large and active community, it’s cheap to buy (each coin is currently worth $0.05), and it’s faster and cheaper to transact with than Bitcoin.

On the other hand, Dogecoin is highly inflationary (there are currently over 130+ billion coins in circulation), and its price is highly volatile. So, ultimately, whether you should invest in Dogecoin comes down to your own risk tolerance. If you’re willing to take on the risks associated with investing in a volatile asset like cryptocurrency, then Dogecoin could be a good investment for you. However, if you’re looking for stability and predictable returns, you might want to choose another investment option.

The good news is that if you want to buy Dogecoin, you’ll find it on almost every crypto exchange and app.

​The information on this website does not constitute financial advice, investment advice, or trading advice, and should not be considered as such. MakeUseOf does not advise on any trading or investing matters and does not advise that any particular cryptocurrency should be bought or sold. Always conduct your own due diligence and consult a licensed financial adviser for investment advice.



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