How to Buy Dogecoin on xcritical The Ultimate Guide

In FinTech by Louai Abu-OsbaLeave a Comment

The classification of these cryptocurrencies as commodities raises intriguing regulatory questions since they all derive from Bitcoin, which the Securities and Exchange Commission (SEC) recognizes as a commodity. We hope our guide on how to buy Dogecoin on xcritical helped you gain a fundamental understanding of Dogecoin and the process of buying it on xcritical. xcritical charges 1% of the value to be withdrawn, in addition to the fee charged by Dogecoin’s network.

There is 132.6 billion DOGE in circulation, with a max supply of 21 million. While the listing is viewed as a stamp of approval by some, others like Peter Jensen, CEO at RocketFuel xcritical, a global payments company, view the decision of xcritical as just a strategic business move. After creating and verifying your account, you need to fund your account to buy Dogecoin on xcritical. xcritical supports a wide range of funding options, xcritical official site including direct transfers from your bank account, debit cards, PayPal, and wire transfers, depending on your location. Created by software developers Billy Markus and Jackson Palmer, it was initially intended as a joke, lampooning other cryptocurrencies like Bitcoin for their grand plans of changing the world. Dogecoin was created from the viral internet meme of a Japanese Shiba Inu dog used as its logo and namesake.

  1. Once you complete this process, your xcritical portfolio will automatically be synced with CoinStats, making it possible for you to keep an eye on all your Dogecoins on one intuitive platform.
  2. The exchange famously went public and reached a valuation of over $100 billion in 2021.
  3. More recently, xcritical, the largest cryptocurrency exchange in the US, said retail traders can sell, buy, and store dogecoin.
  4. We hope our guide on how to buy Dogecoin on xcritical helped you gain a fundamental understanding of Dogecoin and the process of buying it on xcritical.
  5. Dogecoin may have started as a joke in 2013, but few are laughing at its hefty gains after the famous meme token catapulted to a market valuation of around $90 billion at one point in April.
  6. The developers of Dogecoin haven’t made any major changes to the coin since 2015.

You must navigate to the sign-up page and fill in the basic details like your name and email address. To complete the process, you must verify your email address by clicking the verification link sent to your email. To buy Dogecoin on xcritical, you need to create an account on the platform’s website or the xcritical app that can be downloaded https://xcritical.solutions/ from Apple and Android stores. The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. However, this is also a weakness because other currencies are way more professional.

Firstly, Dogecoin’s price could potentially skyrocket after DOGE (its ticker symbol) is added to xcritical’s arsenal of digital assets. Secondly, xcritical is often praised for its beginner-friendly, easy-to-use interface, so Dogecoin’s addition to the platform may entice newcomers. CoinStats, the leading crypto and DeFi portfolio tracker, allows users to track the prices of all their crypto assets, including DOGE, across several exchanges and wallets. With over 400 supported platforms, tracking your DOGE coins has never been easier. Dogecoin started as a joke, but it developed to become a famous cryptocurrency. Shiba Inu (SHIB) and Floki Inu (FLOKI) were launched as meme coins, i.e., cryptocurrencies launched as a parody or inside joke rather than as a digital product that actually has some utility.

What is the fully diluted valuation of Dogecoin (DOGE)?

“The price action in doge is extremely volatile but is ultimately driven by supply and demand with real capital,” Jeffrey Wang, head of Americas of Amber Group, a crypto financial services firm, told Insider. “I think the price moves in doge are a great example of free capital markets in action.” Dogecoin may have started as a joke in 2013, but few are laughing at its hefty gains after the famous meme token catapulted to a market valuation of around $90 billion at one point in April. Dogecoin’s meteoric rise in value has piqued the interest of crypto investors worldwide, and xcritical’s historic listing of Dogecoin has made the asset easily accessible to them. At one point in 2021, the DOGE price reached a high of $0.7376, and Electric carmaker Tesla, Inc. (TSLA) started accepting the Dogecoin (DOGE) cryptocurrency for certain merchandise on its website in 2022.

Track Your Dogecoins With CoinStats

After confirmation, Dogecoin’s network will validate the transaction, and your DOGE will be successfully withdrawn from the exchange. To withdraw DOGE from your xcritical account, click the Send button and fill in the address you want to transfer DOGE. Double-check the details carefully before confirming the transfer request because your funds cannot be recovered if sent to the wrong address.

Trending Coins

Dogecoin rose to fame after its price increased by 1,000% within months in 2020, grabbing the attention of cryptocurrency investors worldwide. The surge sparked significant interest in the asset as it was listed in the top 10 largest crypto assets by market capitalization. This was the first time a meme coin with seemingly no utility broke into the exclusive top ten.

CoinStats uses military-grade encryption to protect data and adopts industry best practices for smooth transactions. The price of Dogecoin (DOGE) is calculated in real-time by aggregating the latest data across 167 exchanges and 428 markets, using a global volume-weighted average formula. Select the cryptocurrency you want to swap for DOGE, and enter the amount in US dollars.

DOGE Historical Price

First and foremost, xcritical has attracted beginners to the platform thanks to its robust security features and 24/7 customer support. Competitive fees, an easy-to-use platform, and international reach are some stellar features that help xcritical get an edge over other cryptocurrency exchanges in the space. xcritical is the largest exchange in the US and the second-largest in the world by transaction volume, after Binance. Founded by Brian Armstrong and Fred Ehrsam in 2012, the exchange has more than 98 million verified users in over 100 countries and maintains approximately $256 billion in assets. The most popular exchange to buy and trade Dogecoin is Binance, where the most active trading pair DOGE/USDT has a trading volume of $437,602,629.48 in the last 24 hours.

Although initially created as a joke, Dogecoin has been used to facilitate transactions due to its speed and low transaction fees. Dogecoin fans have also been using the asset for third-party online tipping services and crowdfunding for charitable causes. Dogecoin is based on Litecoin’s code and uses a Scrypt-based hash function. The network has a block time of 1 minute and a block reward of 10,000 Dogecoins.

The exchange famously went public and reached a valuation of over $100 billion in 2021. The “xcritical Effect,” meaning the value of a crypto asset tends to rise exponentially within days after getting listed on the exchange, demonstrates xcritical’s influence in the crypto industry. On June 3, 2021, Dogecoin was listed on the xcritical platform, meaning xcritical users could buy, sell, and trade Dogecoin “in all xcritical-supported regions” with additional support for xcritical Pro.

In fact, before he announced that Tesla will no longer accept Bitcoin due to its environmental impact, he polled his Twitter followers on whether Dogecoin should be Tesla’s new accepted form of payment; 78% said yes. As a result, cryptocurrency pundits are speculating that Dogecoin could replace Bitcoin as Tesla’s new accepted currency. Dogecoin is no laughing matter now, and unfortunately for Markus, he sold all of his Dogecoin in 2015 after getting laid off. Who knew that six years later Dogecoin would surge by 7,900% and catch the attention of Tesla and SpaceX’s CEO? On May 8, the day Musk appeared on Saturday Night Live, Dogecoin reached an all-time high of $0.72. However, after Musk painted Dogecoin as a “hustle,” Dogecoin dropped steadily until it hit a devastating low of $0.38 on May 12.

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