What is Dogecoin (DOGE)?
Dogecoin is a public cryptocurrency that was created as a lighthearted joke poking fun at the crypto speculation by software engineers Billy Marcus and Jackson Palmer. Launched in 2013, it is considered as the first "memecoin" in the world. Unlike other altcoins that are designed to be scarce and to have its value increase over time, there are 10,000 Dogecoin mined every minute and the memecoin does not have a maximum total supply.
Despite the fun-loving origin, Dogecoin, ironically, has a lot more use cases than the majority of crypto. Besides being accepted as a method of payment in places around the world, it is predominantly used as tips for online content creators and as donations for charities. For example, in 2014 alone, the Dogecoin community joined hands to help Jamaica's national bobsled team join the Olympics, build a well in Kenya, and sponsor a NASCAR driver.
Dogecoin gained notable increases in popularity and value after Elon Musk repeatedly tweeted about the coin on his personal account and had plans to use DOGE to pay for a mission of SpaceX.
How Dogecoin (DOGE) Works
Dogecoin has its own blockchain. It is a fork of Litecoin and therefore uses the same Scrypt mining algorithm and Proof-of-Work consensus mechanism. DOGE miners need to use computers to solve complex mathematical puzzles to validate and record transactions on the blockchain in exchange for DOGE as rewards.
How Many DOGE Tokens Are in Circulation?
DOGE is an inherent inflationary token because there is no hard cap to its total supply and 10,000 coins are released every minute. Currently, 132.67 billion Dogecoins are in circulation.
How to Buy Dogecoin (DOGE)
If you're interested in becoming a part of the Dogecoin ecosystem, one of the first steps you can take is to purchase crypto. There are various ways to do so, such as instantly buying crypto with credit/debit cards , via bank transfer, via peer-to-peer transactions, or even in-person purchases. Alternatively, you can deposit funds into your Bitget account and use them to purchase cryptocurrencies, including DOGE.
Once you have DOGE, you can use it for a variety of purposes, including crypto purchases, investment, or even as a means of transferring value across borders without the need for traditional financial institutions.
Consider investing in Dogecoin (DOGE)? It only takes 2 minutes to create an account on Bitget and start trading DOGE.
Check out the available DOGE trading pairs on Bitget!
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Simple 3-step guide to buying DOGE today in Canada
Create your free Bitget account
Select a funding method
Complete your Dogecoin purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Dogecoin using a payment method of your choice:
Buy Dogecoin with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Dogecoin order.
How to buy crypto with credit/debit cardBuy Dogecoin with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Dogecoin is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Dogecoin order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Dogecoin order.Buy Dogecoin with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Dogecoin order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Dogecoin in your Bitget spot wallet
Bitget—where the world trades Dogecoin
How to buy Dogecoin for free
- Learn how to earn Dogecoin for free through the Learn2Earn promotion
- Earn free Dogecoin by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Dogecoin airdrops by joining On-going challenges and promotions
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FAQ
How can I buy Dogecoin (DOGE)?
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