Buy Dogecoin in Australia (DOGE)

Dogecoin started as a joke by Jackson Palmer and Billy Markus.

In 2013, Bitcoin’s success led to the launch of many more blockchain networks with their own cryptocurrencies by copying and slightly tweaking the source code of existing networks. Jackson Palmer and Billy Marcus poked fun at this trend by creating Dogecoin, naming it after the, already famous, internet meme.

Dogecoin garnered strong community support almost immediately. It was a fun, relaxed version of crypto that attracted people from meme lords to dog lovers to people new to crypto. Dogecoin became one of the largest cryptocurrencies by market cap and gained recognition from well-known figures such as Tesla CEO Elon Musk.

Dogecoin (DOGE) is mostly used for payments, purchases, or sending the token to a friend.

Some buy DOGE to hold for the long haul. However, there are also many investors who avoid using it as a store of value as Dogecoin is only worth a fraction of Bitcoin’s value.

However, the low fees make the digital currency an appealing option for new investors interested in cryptocurrency. It also encourages people to spend their DOGE rather than hoard them.

You can buy Dogecoin in Australia right here on Independent Reserve.

Sign up today and start buying Dogecoin or any other cryptocurrency of your choice. Independent Reserve is Australia’s trusted cryptocurrency exchange. We are one of the first and longest-running crypto exchanges in the world; with an impeccable track record spanning almost ten years in business. We are proud to be voted the #1 Digital Currency Exchange 2019-2021.

Established in 2013, Independent Reserve is a secure crypto exchange in Australia where you can safely buy Dogecoin. Once you create your account, you can trade Dogecoin and other cryptocurrencies.

We offer a range of features to boost your trading experience, including a mobile app, a large OTC desk, and enhanced customer support. Want an even easier way to buy Dogecoin? Download our app and purchase DOGE on the go from your mobile device.

You can buy Dogecoin in Australia on Independent Reserve.

It only takes five minutes to create your account. Instantly deposit Australian dollars (AUD) from your Australian bank account into your trading account and buy Dogecoin (DOGE) on Independent Reserve. You can buy DOGE starting with as little as A$10.

Choose the payment method of your choice: in Australia, deposit money using: PayID and NPP (Osko) for instant deposits, or Bank transfer (EFT) can take 1 - 2 days to process funds. Receive free deposits in amounts of A$100 and above.

Unfortunately, we do not take credit or debit card. If you need more help, visit our support page. Enjoy low trading fees when you buy DOGE and other digital currencies on Independent Reserve.

Yes, we have world-class security to protect our customers.

After buying Dogecoin in Australia on Independent Reserve, you can simply leave it on the crypto exchange in your personal wallet and we will safely store it for you. If you prefer to store DOGE yourself, you can simply transfer your tokens to another crypto wallet to be stored with your other digital currencies.

At Independent Reserve, we take security seriously; it is at the forefront of everything we do. As a highly reputable and trusted exchange, we have the highest level protection measures in place to ensure that our customers’ cryptocurrency is kept safe. We offer: two-factor authentication (2FA), ISO 27001 certification, and top-tier underground vaults to protect your digital currencies. Learn more about our platform’s security features.

Dogecoin is the original meme coin.

Meme coins are digital currencies based on “memes”, which are viral images, videos, and other forms of media. More often than not, meme coins don’t function as utility coins. This means they can’t be staked or used to join DAO.

Like the memes they were based on, meme coins were created for fun and designed to be widely shared. Their success largely depends on virality and online communities, so they tend to be more volatile. As such, the crypto community tend to dismiss these digital assets quickly. However, they have risen sharply in price over the past few years, with Dogecoin and Shiba Inu being the leading meme coins.

Dogecoin currently has more than 132 billion coins in circulation.

Dogecoin started with 100 billion total coins but grew further with 10 thousand new coins mined per minute. With no maximum supply and official burning protocols, DOGE will continue to increase its supply in the future. In turn, its price will not increase as much as the cryptocurrencies with limited supply. However, the community has voluntarily burned their DOGE on their own to decrease the supply and raise its value.

Yes, you can spend Dogecoin with any merchant that accepts it.

Many different types of businesses and individuals accept DOGE as a form of payment. Some of the highest profile names include Elon Musk's SpaceX and Mark Cuban’s Dallas Mavericks.

People spend Dogecoin mainly on online transactions like tips for content creators or donations on platforms like Reddit and Twitter. Over the years, the Dogecoin community has also completed several successful fundraisers.

Dogecoin can be affected by the same factors as any cryptocurrency.

This includes the economy, trending news, market sentiment, and technological developments of the blockchain network. One of its biggest drivers is supply and demand, which is why being an inflationary coin limits the growth of its value. Still, DOGE continued to grow as more people used them for transactions, but largely what moves price is media coverage and gross over-speculation.

The support from famous figures (Musk) with a big following greatly affects the coin’s value. Some of the major spikes in its price stem from tweets and comments about Dogecoin. The downside is that it can fall once the hype dies.

The Dogecoin blockchain network relies on cryptography and proof-of-work mining for security.

Dogecoin employs a cryptographic fingerprint known as hash, which is unique to each block as proof that the miner completed the computational work to add the block to the chain. It also avoids tampering through its proof-of-work (PoW) consensus mechanism.

PoW requires nodes in the network to agree to secure the blockchain and validate the transactions. Anyone who wants to alter the network’s state would need to control 51% of the network’s hashing power. This would require a lot of computing power that would deter most hackers.