How to Pay with Dogecoin: Guide to Using DOGE to Transact

What is Dogecoin?

Dogecoin is a cryptocurrency that was originally created as a joke based on the Shiba Inu dog meme. However, over time, Dogecoin became popular among crypto investors due to its low price, bustling community, and support from well-known figures. Now, Dogecoin can be used to buy various goods and services on the internet as well as in the real world.

History of Dogecoin

Dogecoin was launched in December 2013 by Billy Markus and Jackson Palmer, two programmers who wanted to create a funny and friendly cryptocurrency. They chose an image of a Shiba Inu dog as the Dogecoin logo, which was a popular meme at the time. They also provide a huge supply of Dogecoin, which is 100 billion coins initially and unlimited thereafter. The goal is to keep the price of Dogecoin low and affordable.

Dogecoin became widely known when its community carried out various social and charitable actions using Dogecoin as a donation tool. For example, in 2014, the Dogecoin community managed to raise $50,000 to send Jamaican bobsled athletes to the Winter Olympics. That same year, the Dogecoin community also donated $30,000 to build a water well in Kenya.

Support for Dogecoin

One of the factors that makes Dogecoin even more popular is the support from famous people, especially Elon Musk, CEO of Tesla and SpaceX. Elon Musk often posts tweets about Dogecoin, which makes the price of Dogecoin soar. In February 2021, Elon Musk even said that Dogecoin is the "people's currency" and the "currency of the future". Besides Elon Musk, there are also other celebrities who support Dogecoin, such as Snoop Dogg, Gene Simmons, and Mark Cuban.

Dogecoin as a Payment Method

Many people are interested in investing in Dogecoin because of its low price and great potential. In addition, Dogecoin can also be used as a viable means of payment for various products and services. This is because Dogecoin has several advantages, such as:

• Dogecoin transactions are fast and cheap. Dogecoin has a short block time of one minute, which means that Dogecoin transactions can be confirmed in a short time. In addition, Dogecoin's transaction fees are also low, which is around 0.01 US dollars per transaction.
• Dogecoin has a large and active community. Dogecoin has one of the largest and most active crypto communities in the world. The Dogecoin community is always ready to help and support fellow Dogecoin users. The Dogecoin community also often conducts social and charitable activities using Dogecoin as a donation tool.
• Dogecoin has wide support from various platforms. Dogecoin is already supported by many crypto platforms, such as exchanges, wallets, and apps. Dogecoin is also supported by many e-commerce platforms, businesses, and services that accept Dogecoin as a means of payment.

Where Can I Pay with DOGE?

Dogecoin can be used to buy various goods and services on the internet as well as in the real world. Here are some examples of platforms that accept Dogecoin as a means of payment:

Four Main Pathways to Using Dogecoin as a Payment Method

1. Peer-to-peer (P2P)

Peer-to-peer (P2P) transactions are the most direct and private way to send or receive Dogecoin or other cryptos. P2P transactions are conducted between two people without intermediaries. P2P transactions can be done through online platforms and forums that connect local users who want to transact with Dogecoin. Examples of P2P platforms that support Dogecoin are LocalBitcoins and LocalCryptos.

2. E-commerce/Online Store

E-commerce or online store is a platform that sells goods and services over the internet. Many e-commerce platforms already accept crypto, including Dogecoin, as a means of payment. Examples of e-commerce platforms that support Dogecoin are Bitrefill, CoinPayments, and CoinGate.

3. Adoption by Key Businesses

The main businesses are large companies that are already well-known and have many customers. Several major businesses have started accepting Dogecoin as a means of payment for their products, services, and subscriptions. Examples of major businesses supporting Dogecoin are [Dallas Mavericks], [Newegg], and [Kessler Collection].

4. Trading Platform

A trading platform is a platform that allows users to buy, sell, or exchange crypto or fiat currencies. The trading platform can be an exchange, broker, or app. The trading platform can be used to buy or sell Dogecoin with crypto or other fiat currencies. Examples of trading platforms that support Dogecoin are [Binance], [Kraken], and [Robinhood].

Conclusion

Dogecoin is a popular cryptocurrency and can be used as a viable means of payment. Dogecoin has advantages such as fast and cheap transactions, a large and active community, and extensive support from various platforms. Dogecoin can be used to purchase various goods and services on the internet as well as in the real world through P2P channels, e-commerce, main businesses, or trading platforms.

However, we must remain cautious of the risks and scams that may occur when transacting with Dogecoin. If you want to use Dogecoin as a payment method, make sure you choose a trusted and secure platform.

How to Buy DOGE on Bittime

You can buy and sell DOGE tokens in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappbeti. DOGE is available on Bittime with DOGE IDR pairing.

To be able to buy DOGE/IDR tokens on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum purchase of Bittime assets is IDR 10,000. After that, then you can make DOGE purchases in the application. Complete Guide on How to Buy DOGE on Bittime.

Monitor the price chart movements of Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

Is Elon Musk Still HOLD DOGE? Check More

Getting to Know Internet Memes and Their Relationship to Crypto

Dogecoin (DOGE): Definition, History, and How It Works

Dogecoin Whale (DOGE) Moves 332.9 Million DOGE to Binance

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.