Dogecoin is a cryptocurrency that was created as a free, instant and fun way to make payment transactions between two people without having traditional bank fees. Dogecoin was named after the “Doge meme” popular online featuring a Shiba Dog. Doge is literally slang for Dog. Dogecoin is considered an altcoin cryptocurrency and definitely has a cult-like following. Although not as technical as other crypto coins Dogecoin is definitely fun to have, spend and meme about on Twitter.
Dogecoin has generated a broad range of celebrity fans from tech-guru Elon Musk to rapper Snoop Dogg. The coin is beloved for its simplicity, meme potential and general low price. As of this writing Dogecoin was holding around .07 cents per coin.
Buying Dogecoin can be done a couple different ways, you can buy them from an independent cryptocurrency exchange like Kraken or through an online brokerage like Robinhood.
If you are new to cryptocurrency I suggest you use Robinhood for its simplicity and quick exchange. Robinhood holds the wallet for the user so you can only sell and buy Dogecoin through that service. I prefer to have my own wallet app on a mobile phone like Coinomi then buy Dogecoin on an exchange service like Kraken for more control over my Dogecoin.
Dogecoin is definitely “the peoples cryptocurrency” and I would highly recommend just having some to hold on to. Plus who does’nt love a cryptocurrency in honor of a Doge?