Based on the popular ‘Doge’ Internet meme and featuring a Shiba Inu breed of dog on its logo, Dogecoin (DOGE) is a cryptocurrency that was forked from Litecoin in Dec 2013. Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both had envisaged Dogecoin as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience. CEO of Tesla and SpaceX, Elon Musk, has tweeted his fondness for Dogecoin several times, resulting in many people buying DOGE and causing the price to spike. To buy Dogecoin, create a free trading account with Swyftx.
Head to our deep dive on Dogecoin, available on Swyftx Learn to find out more.
How to Buy Dogecoin in Australia
When selling or buying Dogecoin from the Swyftx Cryptocurrency Exchange, you are trading on a secure, Australian-owned, and operated digital exchange platform. With low fees and spreads, Swyftx is one of Australia’s most cost-efficient platforms to trade Dogecoin in Australia. To Buy Dogecoin in Australia, you will need to sign up for a free trading account with Swyftx. Once you have verified your account with a form of ID and confirmed your phone number and email, you can deposit AUD into your account. Once your deposit clears, select Dogecoin from the asset list, enter the amount you wish to purchase and click ‘Buy DOGE’
Why use Swyftx to buy DOGE?
If you are new to the world of Crypto and want to learn the markets before buying Dogecoin, Swyftx is the only Exchange in Australia with a demo mode. Using demo mode, you are given $10,000 USD equivalent, which you can use to trade Dogecoin and 240+ other digital currencies. Using real market data and spreads, demo mode allows you to mock trade and learn the markets. Then, once the Dogecoin price is right for you, enter the amount of Dogecoin you are looking to buy in Australian dollars. You can also set up recurring orders purchase DOGE (or any Cryptocurrency of choice) and create buy and sell automatic orders. Swyftx has an Australian-based customer support team, so if you require assistance with your account setup, you are welcome to use our live chat feature.
What can you do after you buy Dogecoin
Store/hold Dogecoin
You have the option to hold/store DOGE in your crypto wallet. A lot of users like to hold their Dogecoin so that if the price increases, they can make a profit. Swyftx allows you to store your DOGE in the wallet integrated with your account or alternatively, you can transfer it to a private wallet.
Trade Dogecoin
With speedy processing times and low fees, Dogecoin can be easily traded on the Swyftx exchange – Perfect for those keeping a keen eye on Elon Musk’s Twitter account.
Send Dogecoin
When you buy Dogecoin with Swyftx, you have the ability to send your DOGE to another wallet that supports Dogecoin instantly.
Spend Dogecoin
You may be able to find some vendors that accept DOGE as payments. More and more online and physical stores are accepting Dogecoin every day.
