What is DogeCoin (DOGE)?
Dogecoin (DOGE) is an open-source digital currency based on the popular ‘doge’ internet meme that became popular in 2013. The coin’s logo features an image of a Shiba Inu dog, which the same dog featured in the popular meme. Originally hard forked from Litecoin, Dogecoin was created as a fun, quirky and light-hearted cryptocurrency that would appeal to a wider audience. DOGE acts as a peer-to-peer global digital currency for almost instant transactions for a fee as little as one cent. In contrast with the fact that DOGE was launched as a joke, it has received tremendous adoption in the past seven years of its existence.
Sign up to the Swyftx Crypto Exchange to buy Dogecoin in New Zealand.
Head to our deep dive on Dogecoin, available on Swyftx Learn to find out more.
The history of Dogecoin
Dogecoin was created Billy Markus and Australian, Jackson Palmer in 2013. It originally started out to poke fun at Bitcoin. This garnered the attention of a number of enthusiasts. In 2014, Dogecoin enthusiasts arranged a number of publicity stunts to raise the profile of Dogecoin. This included funding the Jamaican Bobsled team to go to the winter Olympics and even sponsored a high-profile NASCAR driver.
CEO of Tesla, Elon Musk, has shown his fondness for DOGE in several tweets in 2021. These tweets seemed to have sparked enthusiasm among the Dogecoin community as the Dogecoin price would increases significantly shortly after Musk would tweet. In 2021 Dogecoin’s popularity landed it in the top 10 cryptocurrencies by market cap.
How to buy Dogecoin in New Zealand?
The most common way to buy DOGE in NZ is by signing up to a registered cryptocurrency exchange like Swyftx. Firstly, Sign up by providing some general personal information such as your full name, email address, phone number and create a secure password. Once your account has been created the next step is to verify your email address, phone number and identity. You’ll be sent a code via email and SMS to verify your contact details and then you’ll be required to scan a form of government-issued ID (i.e. drivers license) to verify your identity.
Once verified, you can deposit funds into your account via debit card. Deposit times may vary but they are typically received within 2 minutes of transferring. Once you have sufficient funds in your account, you can buy and sell DOGE and all other listed digital currencies on our trading platform.
