Etoro lists Dogecoin (DOGE), so users can buy, sell, and store it on the eToro trading platform. To purchase this coin on the exchange, you need to sign up, have your account verified, and make a deposit. Then, you can purchase and sell dogecoin easily with low fees. eToro’s interface is simple and intuitive.
There are many benefits to joining eToro. The platform’s community numbers 20 million investors today. The platform disposes of reports, charts, and real-time analysis. All of those help you track tendencies and follow your investments on the desktop or mobile app.
In addition to this, the platform has reliable security protocols, which means people can trade safely and make the most of their investment without paying holding fees. The deposit limit is quite low – just $200 – and making a deposit is easy and fast. You can use debit card, credit card, or PayPal.
Bitcoin and Dogecoin: Similarities
DOGE and Bitcoin have many similarities, but also some key differences. Both run on the same proof-of-work consensus algorithm, but DOGE has an unlimited supply that’s constantly growing, while that of BTC is fixed. They also differ in their block times: 10 minutes for Bitcoin and just 1 for Dogecoin. Dogecoin is practical for fundraising and micro-tipping because its transactions are cheaper and quicker than Bitcoin’s.
Origins of DOGE
Dogecoin originated on social media in 2013. Two software engineers picked up a photo of a dog with a caption in broken English (doge instead of dog) and put it on a digital coin as a way of making fun of low quality crypto projects. With time, DOGE gained cult status. It slowly moved into the mainstream, ultimately attracting Elon Musk’s attention. Before it did that, it was used to fund Jamaica’s two-man Winter Olympics bobsled team in 2014.