Bittrex is a US based cryptocurrency exchange that has grown in popularity in recent years. It offers a DOGE/BTC pair similar to Kraken. This means that you will need to either buy Bitcoin or deposit Bitcoin in order to exchange it for Doge. You can read my full Bittrex review here. Сurrent Dogecoin / Bitcoin exchange rate, Real-time market data: buy & sell rate, charts, order book. Jan 02, · Dogecoin is up 50% in the past 24 hours, making it the best-performing crypto asset of the top by market capitalization. DOGE is seeing strong volume figures on this rally: per CoinGecko, there has been over $ million worth of the cryptocurrency traded over the past day.
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Start Trading. Selling Dogecoin is just like foreign exchange of fiat currencies like the Canadian dollar, US dollar, or Euro. This is the first step to selling DOGE. Verifying your account ensures that we properly connect your funds to your account. Funding is like putting gas into a car - it helps you get where you want to go. Quick Trade is on the left side of your Coinsquare dashboard. You can sell any cryptocurrency on our platform in three clicks.
Withdraw your Euro or Canadian dollar amount directly to your bank account from Coinsquare. You can do this by clicking "Withdraw" in the top bar menu on your dashboard then following the instructions.
You will be paid in Bitcoin directly to your Coinsquare account, meaning you can sell the BTC you earned for Euro or Canadian dollar, locking in any gains you have in your portfolio. Refer Your Friends. Top Movers:. Get Started Refer Your Friends. Fund your Coinsquare account using Dogecoin Funding is like putting gas into a car - it helps you get where you want to go.
The true value of Dogecoin lies in the strong and vibrant community that sprung up around it. The main thing that separates Dogecoin from most other cryptocurrencies is that it is an inflationary, rather than deflationary, cryptocurrency. Bitcoin and many other cryptocurrencies are designed with a hard supply cap of coins. The potential problem with this is that once the cap is reached it may no longer be profitable for miners to continue to sustain the system.
This would either lead to unacceptably high fees in order to encourage miners or very long transaction times as there would be no incentive to process network transactions. An inflation-based approach was also designed to replace lost coins and keep Dogecoin at a stable billion coins. The joke caught the interest of many users, including the programmer Billy Marcus who contacted Palmer to discuss the possibility of turning his joke coin into reality.
Just over a week later, on December 6th, it was possible to mine and trade Dogecoin. What had begun as a joke about the state of cryptocurrency had become a serious project.
How does Dogecoin compare to the leading cryptocurrency Bitcoin? What are the key differences? See below for our head-to-head comparison:. A government or bank is a centralized institution that is able to physically print its own money. In contrast, cryptocurrencies, like Dogecoin, take a decentralized approach to producing new tokens and DOGE is created by its community.
The switch allows Litecoin miners to process Dogecoin transactions by using their computing power in order to solve complicated equations. Once the equation is solved, a new block is added to the Dogecoin network and the miner is rewarded with DOGE.
This reward system serves two purposes. The first is to encourage miners to devote computing power in order to complete transactions on the Dogecoin blockchain, while the second is to regulate the creation of new DOGE, which is then distributed by miners. Dogecoin is a cryptocurrency, and like all cryptocurrencies, it is highly volatile and prone to large surges and big dips.
Dogecoin, in particular, has experienced a fairly turbulent history and is prone to quite abrupt price changes. Like other cryptocurrencies, the primary price driver for DOGE is media attention.
These kinds of stories tend to lead to new traders pouring money into a currency. However, these surges are often followed by sharp crashes as traders engage in profit-taking.