Don’t fret. We’ve compiled a FAQ for you below—dive in and explore.
You can easily buy Dogecoin with CAD, EUR, and USD on CoinSmart . Simply make sure that you have a registered account with full verification. Following that, you will be able to buy DOGE with ease.
Dogecoin is a decentralized, peer-to-peer digital payment network. DOGE is supposed to be a meme of Bitcoin. However, since then it has garnered significant media and celebrity attention. Unlike Bitcoin’s strict 21 million supply.
Dogecoin mining is similar to Bitcoin’s “proof-of-work.” Nodes with specialized mining equipment use their computational power to solve cryptographically challenging puzzles continually. Those who successfully solve this puzzle get to add their block to the blockchain and earn a block reward.
Dogecoin was created by software engineers Billy Markus and Jackson Palmer. The Dogecoin Foundation is currently looking for 3 years’ worth of funding to hire a team and look after Dogecoin full-time. Ethereum co-founder Vitalik Buterin recently joined the foundation as an advisor.
Go to Wallet -> Click on Dogecoin -> Click on Withdraw -> Enter the destination public address -> Mention how much DOGE you want to transfer -> Send!
Dogecoin is often known as the first meme coin. A meme coin or a “joke coin” is often associated with a theme. In this case, the theme is the Shiba Inu “Doge” meme.
Most recent update: Oct 22, 2021
This overview provides a summary of certain risks involved trading any crypto asset and is not exhaustive. Investors are encouraged to conduct their own research prior to trading any crypto asset.
No securities regulatory authority has expressed an opinion about the Crypto Contracts or Dogecoin, made available on the CoinSmart Platform, including an opinion that Dogecoin is not itself a security and/or derivative. Changes to applicable law may adversely affect the use, transfer, exchange or value of your crypto assets and such changes may be sudden and without notice.
Prior to listing Dogecoin on the CoinSmart Platform, Simply Digital Technologies Inc. (SDT) conducted due diligence and determined that Dogecoin is unlikely to be a security or derivative under Canadian securities legislation. Our analysis including reviewing publicly available information concerning:
Like all crypto assets, there are general risks associated with Dogecoin including: volatility risk, liquidity risk, short history risk, demand risk, forking risk, code defects, regulatory risk, electronic trading risk and cyber security risk. For additional information of general risks associated with crypto assets, you may refer to the Risk Statement. Further, Dogecoin is a “meme coin” and doesn’t have any real utility. Its value is extremely dependent on the sentiment of its social community. As such, the value of DOGE may fluctuate wildly depending on the community’s whims.
As a reminder, this Crypto Asset Statement is not intended to be exhaustive of all risks associated with trading Dogecoin and we encourage you to conduct your own due diligence to determine whether trading Dogecoin is right for you.
SDT is offering Crypto Contracts on crypto assets in reliance on a prospectus exemption contained in the exemptive relief decision Re Simply Digital Technologies Inc. dated December 21, 2021 (the Decision). Please be aware that the statutory rights in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under the securities legislation of each other province and territory in Canada, do not apply in respect of the Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.