Robinhood has their own digital wallet and you have to trust the platform to keep the digital wallet safe. If so, then you don’t actually own the coins.
You should move your Doge coins to a wallet where you control your DOGE private keys.Īlso don’t tell us you bought your Doge coins on Robinhood. But if you are still holding it in the exchange then you are doing it wrong. It is best considered as a cultural movement rather than a financial asset.Īnyways if you bought enormous amount of DOGE at the bottom then good for you. Due to this high inflationary supply many won’t consider this coin as a serious investment. In total 5 billion doge coins are released into supply every year. Know the difference between total supply, circulating supply and max supply. Every minute 10000 new Dogecoins are mined which is 14 million coins per day. Here is why? Dogecoin supply factsĭOGE total supply is uncapped and it currently has a circulating supply of 128 Billion. But you need to understand that DOGE should not be considered as a serious investment. Its the power of memes that is moving markets. Now Dogecoin has become a favorite coin for a huge number of Internet users. It is one of the original altcoins and since it is based on Doge meme billionaire Elon Musk posts several tweets promoting Dogecoin. The creators of Dogecoin decided to create a payment system that is fun, free and instant.ĭOGE is primarily being used as a tipping currency on Twitter and Reddit. This open source cryptocurrency was created by Billy Markus and Jackson Palmer in 2013 by forking Litecoin (LTC). The coin is based on the famous internet meme “doge” that features a picture of a Shiba Inu dog as its logo.ĭogecoin was made as a joke cryptocurrency. So what has changed? Nothing.ĭogecoin is one of the OG cryptocurrency that got released a few years after Bitcoin. Dogecoin – A meme cryptocurrencyĪfter 6 years Dogecoin is back on top 10 cryptocurrencies with essentially no technical advancements. If you are new to cryptocurrency and just starting with Dogecoin then here are few things to know about DOGE.
#Electrum dogecoin how to
Jump to this section here where we explained how to quickly setup a Dogecoin (DOGE) wallet.
#Electrum dogecoin full
This way you’ll have full control over your coins and it will remain secure. Instead of using the exchange it is better if you use a Dogecoin wallet for storing, sending and receiving DOGE.
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