What are Dogecoin and DOGE?
Dogecoin (DOGE) is an open-source, peer-to-peer digital currency. Inspired by a Shiba Inu meme, it is community-driven.
Its blockchain uses Proof of Work (PoW) and the Scrypt hashing method. DOGE has also been used for tipping and online payments wherever it is accepted.
How to trade Dogecoin in Australia
Here is the basic flow in the Crypto.com App:
- Download the Crypto.com App and complete identity verification.
- Fund your account with Australian dollars (AUD) or transfer existing crypto.
- Head to the trading interface, select Dogecoin and choose an available trading pair.
- Review the trade details and confirm the transaction if everything looks right.
You can fund your account for free via PayID, or use a debit or credit card (Visa or Mastercard), Apple Pay or Google Pay. The minimum purchase is AUD 20.
Crypto assets are inherently risky, and high volatility can significantly affect the value of your holdings.
What should you review before confirming a DOGE trade?
Check the key details before you confirm:
- Pair: Make sure the trading pair matches the asset you want to trade.
- Costs: Other transaction fees and spread may apply. Check the App for the current fee schedule and spread before you confirm.
- Risk: Cryptocurrency markets are volatile, so the value of your holdings can rise or fall.
Can you trade Dogecoin around the clock?
Yes. Unlike traditional markets, the cryptocurrency market runs 24 hours a day, seven days a week.
In the App, you can track real-time price movements and place Dogecoin orders whenever you choose to trade. Review the order details before confirming.
