How to Exchange Dogecoin (DOGE) in 2020? Dogecoin is the symbol of Internet money. It combines powerful software architecture and playful corporate branding.
Let us explain it in more detail. If you have been on the Internet for some time, you have probably seen this image somewhere before:
How cute! It’s a Japanese dog breed, called Shiba Inu. On the internet, it’s known simply as the Doge. Its comic look has served as an inspiration for thousands of popular memes.
Dogecoin was created in 2013 by Billy Markus, an American developer from Oregon. He created a brand-new and funny kind of cryptocurrency, which rapidly became popular in online communities such asReddit. At the beginning, DOGE served as a way for Reddit users to tip each other for creating good content on the online forum.
With such a strong community of users, Dogecoin’s price skyrocketed. Its architecture is similar to another heavy-weight of the crypto market: Litecoin. DOGE allows quick and anonymous transactions in a decentralized blockchain.
“Dogecoin may have come to life as a fun project, but it’s certainly been far from a joke.”
Let’s take a look at this project and its investment prospects before we explain how to exchange Dogecoin (DOGE) in 2020.
Why Exchange Dogecoin (DOGE)
Dogecoin is one of the oldest cryptocurrencies on the market. Nowadays, it’s the 29th biggest crypto. According to CoinMarketCap, its market capitalization is approximately $307 million dollars (in May 2020). There are over 124 billion DOGE in circulation, and one costs $0,00246 dollars.
Let’s check DOGE’s historical price data.
After a small rally in its first months of existence, DOGE price remained relatively stable until 2017, when it’s been around $0,0001. Things started to change that year, when Bitcoin’s epic bull rally pumped its price from $1k to almost $19k – so far, the All-Time High (ATH) for Satoshi’s Coin.
Immediately after that, the altseason began. In expectation of high profits, people started to invest in other crypto coins. It was an awesome moment for Dogecoin, which reached its ATH: $0,017 per unit.
Since then, DOGE’s hodlers are still waiting for a new altseason. As we can see in the chart, its price never returned to the pre-2017 levels. This means that people are holding the coin.
Exchange Dogecoin (DOGE) in 2020
In the short-term, DOGE can benefit from the global economic situation. The Covid-19 pandemic dumped markets all over the world, and crypto was no exception. But things are going back to normal quickly in the cryptoworld. Take a look at this chart:
As we can see, DOGE dumped from a price peak of $0,0032 on February 9th to $0,0014 on March 12th. But it recovered quickly, reaching $0,00246 per unit on May 12th.
In this sense, there is a lot of room to DOGE grow. Bitcoin halving is heating the market, and many investors are expecting high profits in the next few months. Doge, which is a very well-known coin with a big community of supporters, can take advantage of that moment.
But be careful! Crypto markets are very volatile, so you should do your own research before investing in any cryptocurrency. These are our opinions, not financial advice.
How to Exchange Dogecoin (DOGE) in 2020
Exchange DOGE for Fiat Money
Dogecoin is well-known in the crypto market. With a strong architecture, many supporters, and a long history behind it, you can buy or sell DOGE on the biggest exchanges in the market.
Most of the exchanges will require you to make an account to exchange DOGE or any kind of crypto to fiat money (dollars, real, euro, pesos). It’s the Know Your Client (KYC) process, which normally requires an ID card, a telephone confirmation and – if you intend to withdraw fiat money – being linked to your bank account.
We suggest you to exchange crypto on well-known exchanges, with good reviews and compliance policies. Some of them are:
Changelly. It’s a heavyweight in the market, offering access to over 150 kinds of crypto. DOGE is one of them. It has partnerships with crypto wallets, a user-friendly interface, and low transactions fees. Certainly, a reliable option.
Binance. It’s the biggest crypto exchange in the world, where you can buy or sell thousands of crypto. It has many features, including real-time trading and the possibility of investing in derivatives and futures contracts. For beginners, it can be a bit tricky.
Maybe you already have crypto, and you are thinking about investing in DOGE. Or, on the contrary, maybe you want to exchange DOGE for other cryptocurrencies.
In both cases, we invite you to consider using our platform.
Cripto InterCambio offers you more than one hundred cryptocurrencies, including Dogecoin. You can choose between DOGE and any coins of our catalogue in our main interface. Our powerful algorithm will search for bids and asks on dozens of exchanges in the world, choosing the best rate at the moment. That’s why we always have the best rates in the market.
Moreover, it’s not necessary to make an account to exchange crypto with us. In other words – no KYC is required. Transactions are 100% anonymous, and take from 5 to 30 minutes to be confirmed.
And the best part is, we charge no fees.
So, now that you already know how to exchange Dogecoin (DOGE) in 2020, why don’t you take a look at the Cripto InterCambio website? You will surely like it!
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