Buy Dogecoin in Australia easily using a peer-to-peer (wallet-to-wallet) trading platform like Elbaite cryptocurrency exchange.
To buy Dogecoin (DOGE) in Australia, simply:
1 - Get a Dogecoin wallet
This is where you will store your purchased Dogecoin. You can get a free online wallet or purchase a hardware wallet. Elbaite is a non-custodial exchange. We do not hold your Dogecoin in a centralised wallet, meaning you are free to use any crypto wallet of your choosing.
2 - Find an offer from a trusted seller on Elbaite cryptocurrency exchange:
Elbaite connects trusted sellers to trusted buyers. Find an offer on Elbaite at a price and amount you would like to buy.
3 - Pay for your Dogecoin purchase
Pay the agreed amount using your bank account. On Elbaite you can pay using OSKO/PayID or mobile banking to the Elbaite escrow bank account where it is kept safe until you receive your DOGE in your wallet. The seller will never know your banking details, keeping your data private.
Dogecoin (DOGE) pronounced 'dohj-coin', is a decentralised network that enables peer-to-peer transactions. It is also thought of as 'the internet currency'. This open-source digital currency was first released on December 6, 2013 by Jackson Palmer and Billy Markus. Dogecoin is named after the popular internet Doge meme trending in 2013 featuring a Shiba Inu dog, thus the image of the Shiba Inu on the digital coin. The main difference between Dogecoin and other cryptocurrencies such as Bitcoin (BTC) is that it is an inflationary currency. This means there is no maximum market cap to the number of dogecoins that can be mined which creates a consistent reduction of inflation-rate over time. The large supply and low price of Dogecoin made this digital currency ideal for the internet practice of 'tipping' great content and users. The Dogecoin community is also widely believed to be friendly and helpful, having raised money for charities on social platforms such as Reddit. To learn more, check out our article 'What is Dogecoin?'
Why buy Dogecoin (DOGE) with Elbaite cryptocurrency exchange? Elbaite is the first non-custodial wallet-to-wallet Australian cryptocurrency exchange.
Unlike other Australian crypto exchanges that hold your cryptocurrency in their own centralised wallets, Elbaite's wallet-to-wallet trading means that your Dogecoin is not held by us at any point. This is a safer and more simple trading process, giving you greater control and freedom over your cryptocurrency!
How do I store my Dogecoin (DOGE)? There are many Ethereum-based wallet options you can explore when it comes to safely storing your Dogecoin, including using hot and cold crypto wallets. Conducting your own research is crucial to keeping your Dogecoin safe.
What are Hot Wallets?
Hot wallets are crypto wallets that are connected to the internet. They offer better accessibility which simplifies more frequent trading. However, they offer less security against hacks and fraud incidents.
What are Cold Wallets?
Cold wallets are crypto wallets that are not connected to the internet. The two main types of cold wallets are paper wallets and hardware wallets such as Trezor and Ledger wallets. Cold wallets are a popular option for those who value security, or for traders holding Dogecoin as a long term investment.
More Dogecoin information