Dogecoin Price - DOGE/AUD : $0.24474
Order book DOGE / AUD
Buyers
Sellers
Cumulative market depth
Recent trades
Need more liquidity?
What is Dogecoin (DOGE)?
Dogecoin (DOGE) is the original “meme coin”. Based on the wildly popular Shiba Inu meme that went viral in 2013, DOGE’s rise to fame has been impressive. It has become one of the most recognisable coins in the market and is the most frequently traded.
Dogecoin’s open-source blockchain and peer-to-peer network is powered by its users. As with all cryptocurrencies, it operates freely without interference from central authorities or third parties.
A Bitcoin-based system
Dogecoin runs on its own blockchain, a digital ledger that records and updates new transactions, all secured by cryptography. As a decentralised network, Dogecoin uses a consensus protocol to distribute transactions across nodes that must agree to verify them.
Like Bitcoin, Dogecoin uses a proof of work (PoW) consensus mechanism. Nodes or miners process and record transactions by solving complex mathematical equations. In exchange, they receive DOGE, which they can choose to hold or sell for other cryptocurrencies. Dogecoin eventually changed its protocol to auxiliary proof of work (AuxPoW), which allows miners to mine blocks from other chains along with Dogecoin.
Every dog has its day!
As the first meme coin to exist in crypto, Dogecoin started a new crypto craze of other cryptocurrencies also being based on viral internet memes. Since Dogecoin, there have been many dog-based token spinoffs, including BabyDoge, Doge Army Token (DGAT) and lastly one that is almost just as famous, Shiba Inu (SHIB).
Frequently asked questions
How to read the Dogecoin price chart?
Trending cryptocurrencies
- XRP (XRP)Aud 0 .77682−0.46%
- Bitcoin (BTC)Aud 106,159 .00+0.81%
- Ethereum (ETH)Aud 3,827 .53+0.47%
- USD Coin (USDC)Aud 1 .52520+0.29%
- Dogecoin (DOGE)Aud 0 .24474+2.4%
- Tether USD (USDT)Aud 1 .52454+0.18%
- Solana (SOL)Aud 253 .9201+0.55%
- Cardano (ADA)Aud 0 .54513+4.87%
How we treat client assets
No commingling of customer funds: we keep client assets completely separate from our own.
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Audited
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We do not commingle customer funds. We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
We keep your assets safe. That is our promise.
Sole custodian
Independent Reserve is the sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend, trade or reinvest your assets.