Dogecoin (DOGE) is a cryptocurrency that originated as a joke between Jackson Palmer and Billy Markus. Today, Coinbase Wallet supports Dogecoin. If you are interested in obtaining some DOGE, read on to learn more about this low-stakes Bitcoin alternative. If you haven’t heard of Dogecoin, you should definitely check out Coinbase’s features before making any decisions.
Dogecoin (DOGE) is an open-source cryptocurrency
Like many open-source cryptocurrencies, Dogecoin was created by a community of users on the social networking site Reddit. They created a currency with the image of a Shiba Inu, and its price has steadily risen ever since. The dog’s image has even gotten people talking. Some even have started using Dogecoin to trade against large hedge funds. The price of Dogecoin has doubled since its inception, and it’s now worth over $1 billion dollars.
Dogecoin’s upsurge came as a result of a variety of factors. Despite its relatively low price, Dogecoin has attracted a community of crypto enthusiasts and has a market cap of hundreds of millions of dollars. In fact, its community has voiced their admiration for Dogecoin, which they view as “the Internet’s most popular cryptocurrency.”
It was created as a joke by Billy Markus and Jackson Palmer
The Dogecoin wallet coinbase was created by Billy Markus and Jackson Palmer in 2013, as a way to facilitate a decentralized payment system without the costs of traditional banking services. The name “Dogecoin” came as a joke because of the company’s mascot, a Japanese dog breed called the Shiba Inu. The coin’s initial price was extremely low, as it had a 100 billion coin supply. Consequently, the price of Dogecoin is very low, and transaction fees are also minimal.
The CoinDesk price index for Dogecoin shows that it is worth over $60 million. As a result of this success, more people than ever are interested in investing in the currency. The currency is gaining popularity in mainstream markets, although some experts advise against investing more than you can afford to lose. Luckily, there are plenty of services online to help you keep track of its price.
It is supported by Coinbase Wallet
A new update to Coinbase Wallet supports Dogecoin (DOGE). This update is rolling out to all users over the next week. Besides support for the DOGE Testnet, Coinbase Wallet also supports Secure Enclave technology, which is regarded as the most secure method of securing private data. If you want to purchase DOGE, you can visit the Coinbase Wallet website.
For those who have purchased DOGE from the exchange, they must withdraw them to their personal wallet in order to keep their coins safe. When they are on an exchange, they are out of their control and could be stolen. This makes storing DOGE on the exchange a poor security solution. Wallets also offer additional security. A hardware wallet, for example, can separate private keys from your computer or smartphone.
For people who have already invested in Bitcoin, there are a few ways to purchase Dogecoin using Coinbase Wallet. The exchange allows users to buy up to 200 cryptocurrencies. The service is popular around the world and is supported by many countries. Binance also allows users to purchase Doge using traditional currencies and payment methods. To buy Doge with Coinbase Wallet, go to the site and click on the ‘Buy Crypto’ option on the top navigation bar. Select the payment method and choose your preferred method of purchasing Doge. A full review of the wallet can be found online.
It is a low-stakes Bitcoin alternative
If you’ve gotten into the cryptocurrency game and are looking for a low-stakes Bitcoin alternative, you’ve come to the right place. If you’re new to the concept, it started out as a funny joke, but now it’s more than just a novelty. Investing in cryptocurrency is risky, and you should always use a secure wallet. Luckily, there are a few wallets available, including Coinbase, which offers a convenient way to store and send Dogecoin.
A high-quality Dogecoin wallet can perform trades in a matter of seconds, and most of the coins are held on the Binance exchange, which is a highly trusted, safe, and secure exchange. Dogecoin is similar to Bitcoin, but is designed to be a low-stakes alternative to Bitcoin. In fact, some people like Dogecoin better because it doesn’t have a lifetime limit, and there’s less of an incentive to hold it for the long-term.