Buy Dogecoin in New Zealand (DOGE)

DOGE is the native cryptocurrency of the Dogecoin network.

Dogecoin is also known for its unique supply, as no other digital currency has more in circulation. When it was released, Dogecoin had a supply cap of 100 billion coins, but the limit was eventually removed to encourage users to keep spending the currency. It doesn’t have any deflationary mechanics either.

Unlike Bitcoin, Dogecoin's value will not increase rapidly because of its ever-increasing supply. However, Dogecoin’s price remains reasonably stable due to its high demand.

DOGE is mined in a similar manner to Bitcoin (BTC), but unlike the latter, Dogecoin’s currency is designed to be abundant, with 10,000 new coins added for every new block and no limit to encourage spending.

You can buy Dogecoin (Doge) in New Zealand right here on Independent Reserve.

You can purchase DOGE on any cryptocurrency trading platform, including Independent Reserve. Sign up today and start buying Dogecoin or any other cryptocurrency of your choice.

Independent Reserve is a trusted cryptocurrency exchange in New Zealand and is one of the first and longest-running 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 one of the safest platforms to buy Dogecoin in New Zealand. Create your trading account and join over 400,000 other customers globally. We also offer a range of tools and features to boost your trading experience, including; a mobile app, a large OTC desk, and enhanced customer support.

You can buy Dogecoin in New Zealand on Independent Reserve.

It only takes five minutes to create your account. Instantly deposit New Zealand dollars (NZD) from your bank account into your trading account and buy Dogecoin (DOGE) on Independent Reserve. You can buy Dogecoin in New Zealand starting with as little as NZ$10. If you're always on the go, you can download our app and purchase DOGE anywhere you are from your mobile phone!

Choose from the payment method of your choice. In New Zealand, you can deposit money using bank transfer or wire transfer. The payment generally takes from 1-3 business days to process funds. Enjoy free deposits on amounts of NZ$5000 and above. Unfortunately, we do not take credit or debit cards. If you need more help, visit our support page. Enjoy lower fees when you buy cryptocurrency on Independent Reserve.

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

After buying Dogecoin in New Zealand, you can store your DOGE yourself in your preferred cryptocurrency wallet to be stored with your other digital assets. Another option is to simply leave it with us in your Independent Reserve crypto wallet.

At Independent Reserve, we will keep your Dogecoin safe. 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 of 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 crypto. Learn more about the security features of our platform.

Dogecoin may still lack mainstream utility, but it has several uses.

Rewarding Miners

Dogecoin uses a consensus mechanism protocol known as Auxiliary Proof of Work to process transactions and secure the blockchain. In the Dogecoin ecosystem, these network nodes or miners are incentivised through rewards which are denominated in DOGE.

In the Dogecoin ecosystem, nodes who participate in processing transactions and secure the blockchain through mining receive rewards in the form of DOGE. Miners usually receive 10,000 DOGE tokens for each block they solve.

Transactions

Dogecoin has the advantage of being a good alternative for currencies since it’s ideal for transactions. Its inflationary supply encourages investors to sell and use DOGE for transactions rather than hold onto them as a store of value.

Its popularity also piqued the interest of various brands and businesses who began to accept the currency as a legitimate payment method. Keep in mind that the legality of paying for services through cryptocurrencies still depends on your local crypto laws.

Subscriptions and Tips

Dogecoin is an early example of cryptocurrencies used to monetise content on social media sites like Reddit and Twitter. Instead of sending the usual “likes,” users can show their appreciation to content creators and other users by tipping with DOGE.

Charity and Fundraisers

A huge aspect of Dogecoin usage is also donations and fundraisers. The community’s most notable project in 2014 was a fundraiser through DOGE donations to help a Jamaican bobsled team attend the 2014 Winter Olympics in Sochi, Russia. They also raised funds through Doge for several charities like 4 Paws for Ability and Charity: Water.

Dogecoin’s popularity was unexpected and accidental.

Dogecoin didn’t take itself seriously when it first went live. After all, it was meant to be a parody of cryptocurrency during that time. However, it gained traction thanks to being a fun, lighthearted, and inclusive community.

More significantly, Dogecoin received tongue-in-cheek endorsements from high-profile names like rapper Snoop Dogg and Dallas Mavericks owner Mark Cuban. Dogecoin has especially received support from Tesla CEO Elon Musk. His pro-Dogecoin tweets seen by his 53 million followers, bolstered the cryptocurrency’s popularity and its investment appeal.

Dogecoin has no burning mechanism in place.

For cryptocurrencies without any supply limit, crypto burning can help stabilise their inflationary nature. Cryptocurrencies go through the process of burning to remove tokens from circulation and reduce their circulating supply. By reducing the supply, the coins will become more scarce and drive up the price of tokens that remains in circulation.

Burning tokens should curb Dogecoin’s limitless supply. But despite the constant push from the community, Dogecoin doesn’t burn its coins. On the contrary, 10,000 DOGE are added to the blockchain per minute. As a result, the Dogecoin community started burning their coins themselves.

Dogecoin was initially created to be a fun alternative to Bitcoin.

In 2013, Bitcoin became a massive phenomenon. This encouraged many to attempt to recreate its success with the same technology that was used to build Bitcoin. Meanwhile, software engineers Jackson Palmer and Billy Markus had different motives. They decided to create a payment system as a joke, basing the entire project on the viral meme of a Shiba Inu dog known as Doge.

Dogecoin immediately took off and garnered a massive following. It even received support from figures like Elon Musk. As it grew, the digital currency that initially began as a joke unexpectedly developed into one with the highest market cap and fastest adoption rate.

The development team of Dogecoin founded the Dogecoin Foundation to provide governance and support the currency’s growth as it strives to become a currency for the people.