Coinbase users are now able to trade Dogecoin on the most basic trading platform, a follow-up from when the cryptocurrency was first added to Coinbase Pro in June.
It’s no surprise Coinbase has decided to add the fan-favorite cryptocurrency to its trading lineup. At one point in May, one Dogecoin was worth $0.63 ahead of Elon Musk’s SNL appearance. Musk has branded himself on Twitter as “The Dogefather.”
One Dogecoin is currently worth $0.23, according to real-time data tracked by CoinMarketCap (Market capitalization is constantly changing).
How to buy Dogecoin on Coinbase
If you don’t already have an account for Coinbase’s regular platform, you simply just need to sign up. When you make an account, you will also receive $5 worth of Bitcoin for free upon verification of ID.
For a more advanced trading platform, you can also sign up for Coinbase Pro here. If you already own Dogecoin, you can also transfer it into your Coinbase Pro account.
Dogecoin was created in 2013 by Adobe employee Jackson Palmer and software engineer Billy Markus, according to a report by CoinDesk. It’s a play on the popular internet meme of a Japanese Shiba Inu branded as “doge.” Its non-serious vibe caused it to become a hit and attract a huge following.
What is cryptocurrency?
Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it isn’t controlled by the government or any other central authority such as a bank.
If you want to educate yourself more on cryptocurrency and how it works, you can always enroll in an online course, too. Courses are offered at online platforms Coursera, LinkedIn Learning and Udemy.
If you’re interested in investing in other cryptocurrencies such as Bitcoin, Ethereum, Tether and Litecoin, here are some options to get you started:
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Nicolette Accardi can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi. Find NJ.com on Facebook. Have a tip? Tell us. nj.com/tips