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How to Buy Dogecoin in Australia

If you’re in Australia and are thinking about buying Dogecoin, you’ll be glad to know that there are many different ways to do so. This guide will show you how to buy Dogecoin in Australia, including how to set up your wallet, which exchanges support AUD deposits, and how to trade Australian dollars (AUD) for Dogecoin (DOGE).

What Is Dogecoin?

Dogecoin is a cryptocurrency featuring a likeness of the Shiba Inu dog from the Doge Internet meme as its logo. Introduced as a joke currency on 8 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014.

Compared to other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, over 94 billion Dogecoins have been mined.

While there are few mainstream commercial applications, the currency has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Many members of the Dogecoin community, as well as members of other cryptocurrency communities, use the phrase ‘To the moon!’ to describe their belief that the value of Dogecoin will increase dramatically.

The Dogecoin Foundation, founded in October 2014, aims to support dogecoin through outreach and fundraising. The foundation works closely with developers, and they have proposed future features together after determining consensus amongst community members.

Where Can I Buy Dogecoin in Australia?

The most convenient way to buy some Dogecoin is on an exchange. You can either transfer Bitcoin (BTC) or Ethereum (ETH) and then exchange it for DOGE. If you’re not into trading cryptocurrencies, however, you can simply buy DOGE from a reputable online service such as Changelly.

Changelly allows non-crypto users to purchase cryptocurrency without having to acquire them first—just enter your wallet address and select how much DOGE you want to buy. It will be sent directly to your digital wallet so that you can begin staking immediately!

How to Buy Dogecoin

To buy Doge in Changelly, you will have to create an account on the Changelly app. Simply click the ‘buy’ option under exchange on the home screen. Then, enter an AUD amount (that is available in your wallet), and it will show you the number of Doge coins you can buy with it. Click on the green button ‘Buy Doge now’, and you are done!

If you already own a specific cryptocurrency that you would like to convert, for example, ETH, simply click on the ‘Exchange’ option. It will show you two options, floating rate and fixed rate. The floating rate is inclusive of all fees, so the exchange rate may be higher. Select your desired options to successfully exchange your cryptocurrency to Doge.

Why Should I Buy Dogecoin?

Dogecoin (DOGE) is a cryptocurrency that works very differently from other types of digital money, so it’s worthwhile to know exactly how it works. To understand why you should buy Dogecoin, you first need to get familiar with some of its distinctive characteristics.

The following are just some of the main reasons people choose DOGE over other cryptocurrencies:

Low Fees

When you send your coins, there aren’t any extra fees added on top of your transaction fee, as there can be for other currencies.

Faster Transaction Times

Another perk for sending and receiving Dogecoins is speed—your transactions take place quickly and don’t have to wait as long as they do with some similar currencies before being confirmed by miners on their blockchains after being broadcasted across networks through a process called mining.

Ease-of-Use

Many users claim that working with Dogecoin is much easier than dealing with other cryptocurrencies. This could be because, at one point, users weren’t even required to use a wallet when transacting! Nowadays, users typically store DOGE in an offline or online software wallet or an online web wallet for maximum safety and ease of use.

Detailed Community Support

One of DOGE’s greatest strengths lies within its devoted community. Whether you join one of their many chat rooms or message them directly via Reddit, Twitter, Facebook, or Telegram, you’ll have no trouble finding someone who is eager to help answer your questions about Dogecoin and share tips on getting started using it.

One common misconception people sometimes believe about Dogecoin is that since it started out as a joke currency based on Internet memes with limited usefulness outside of tipping and gifting friends, there isn’t much reason to buy them.

This website developed and maintained by Australian Travel & Tourism Network Pty Limited for Australian Travel Service providers © last updated 03-Jan-2022