Dogecoin (DOGE) was actually designed as a joke cryptocurrency. However, the coin based on the popular Doge meme can always surprise with enormous price jumps. Behind the emblem with the sympathetic dog face is a well thought-out crypto currency with an active community.
Where can I buy and trade Dogecoin?
Dogecoins are bought like other cryptocurrencies on the many online trading platforms such as stock exchanges and brokers. At these trading venues you have to register, deposit money and then you can buy the Dogecoins. The type of trade, the fees, the payment service providers offered and other functions can, however, differ from platform to platform.
75% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you can afford the high risk of losing your money.
CFD trading in cryptocurrencies is different from buying real coins
With a contract for difference (CFD), you don’t actually buy the cryptocurrency, you just borrow it for an indefinite period to speculate on Dogecoin price. You can expect either rising or falling prices.
CFD trading is popular with professional traders because you can make big profits by using a lever. However, the leverage also increases the possible losses. Therefore, trading CFDs is more suitable for practiced and experienced traders.
Most experts predict an increase in the ZEC course. This should increase to up to $ 1,400 within the next five years.