Dogecoin is now available on eToro. “The people’s crypto”, according to Elon Musk, Dogecoin was inspired by an internet meme, and rose to be taken under the Technoking’s wing as the proposed official currency of Mars.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
What is Dogecoin?
Technically, Dogecoin has many similarities with Bitcoin. The crypto runs on the same proof-of-work consensus algorithm with a few key differences: Bitcoin has a fixed supply and 10 minute block times, while Dogecoin has a limitless supply that steadily increases, and 1 minute block times.
These characteristics mean Dogecoin is inflationary with faster and cheaper transactions than Bitcoin, making it practical for applications like micro-tipping and raising funds.
Invest in Dogecoin on eToro
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
From Memecoin to Mars
Dogecoin’s origins lie on social media, where an adorable Shiba Inu called Kabosu made a splash in 2013. Photos of the pet were captioned with broken English — Much wow, such doge! — representing the pup’s thoughts. This meme was picked up by software engineers Jackson Palmer and Billy Markus, who emblazoned doge’s famous face on a digital coin to poke fun at the poor quality crypto projects of the time.
In the near decade since, Dogecoin has won internet cult status. The oddball crypto has steadily moved into the mainstream, helped along by infectious memes, viral TikTok videos, and serious community fundraising efforts. In 2014, Doge4Water raised $50K to drill wells in Kenya, while other enthusiasts collected Dogecoin to fund Jamaica’s two-man bobsled team in the 2014 Winter Olympics — both efforts that ultimately helped the coin catch the attention of one of the world’s richest men.
Elon Musk has become the most enthusiastic supporter of Dogecoin. The self-proclaimed “dogefather” has expressed his love in cryptic tweets and infectious memes, including a photoshopped image that features him raising doge to the sky like Simba in Lion King. More significantly perhaps, Musk has hinted that the future economy on Mars could one day run on Dogecoin, helping the cryptocurrency to quickly rise through the ranks and establish itself in the top ten coins by market cap.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
How to buy Dogecoin
Dogecoin can be bought, sold, and stored on the eToro trading platform.
To buy Dogecoin on eToro, simply sign up, verify your account, and make a deposit. You will then be able to easily buy and sell dogecoin with low fees through our simple and user-friendly interface
Joining eToro means becoming part of a 20 million-strong community of investors. eToro offers real-time analysis tools, charts, and reports, all of which help you follow your investments and track ongoing trends, via either the mobile or desktop eToro app. You can make the most of your investment with no holding fees, and trade securely, as you rely on eToro’s tough security protocols. Start your buy-in with as little as $200, quickly and simply, using your credit or debit card or even PayPal.
Invest in Dogecoin on eToro
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.