What is Dogecoin and How to Buy

Dogecoin started seemingly as a joke but has grown into a fully functional peer-to-peer, open-source cryptocurrency. It is considered an altcoin and has gained viral popularity.

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What is Dogecoin?

Dogecoin (DOGE) is an open-source digital currency initially created as a joke by Jackson Palmer and Billy Markus on Dec. 6th, 2013. It was created as a joke for a famous “Doge” Internet meme. It featured a breed of dog from Japan, “Shiba Inu” for its representing logo.

Dogecoin’s source code was initially influenced by Litecoin (LTC). It uses the “Scrypt” protocol enabling the transaction speeds to be quickly executed at 65,000 TPS (transactions per second). Tesla CEO and former PayPal creator Elon Musk have publicly addressed on Twitter and other social media that Dogecoin is his favorite coin. Dogecoin has been used primarily as a rewarding/tipping system on Reddit and Twitter to reward the creation or sharing of quality content.

Dogecoin’s most notable experiment, however, was the way it was first designed. There is no limit to how much Dogecoin can be mined. Meaning there is no hard cap associated with the coin. Originally, Dogecoin had a market cap of 100 billion; however, currently, there is none.

How to Buy Dogecoin (DOGE)

Dogecoin (DOGE) was founded by Jackson Palmer and Billy Markus on Dec. 6th, 2013. It was initially created as a joke for a popular “Doge” Internet meme. It featured a breed of dog from Japan, “Shiba Inu” for its representing logo.

Where can I buy DOGE?

H2cryptO – DOGE, is purchased easily through a centralized exchange, such as H2cryptO. H2cryptO offers a simple interface within our H2cryptO web/mobile app, and we offer exceptional 24/7/365 live support. Please remember that once a cryptocurrency is lost, it can be difficult to recover.

Why buy Dogecoin?

Dogecoin started as an intentional joke to bring lightheartedness, kindness, and generosity to the Cryptocurrency and DLT world. Dogecoin devotees, including Elon Musk, often use social media to “Shill” or promote some of the meme coin’s foundational principles, including charity and fundraising.

Purchasing DOGE on H2cryptO:

  1. Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 characters minimum).
  2. Verify your H2cryptO account. Please submit all documentation for KYC verification.
  3. Once KYC has been approved you are now eligible to deposit FIAT or Cryptocurrency. You can fund your cryptocurrency account by choosing a cryptocurrency, and then create a wallet address. Then you can send cryptocurrency to this address. Funding your account with FIAT currency can be completed by ACH, Wire Transfer, or Debit/Credit Card. 

  4. Once the ACH, wire transfer, or credit card transaction has been completed, you can start buying DOGE. You now will have the ability to trade Cryptocurrencies with 24/7/365 live client service support.

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