What is Dogecoin?

Where did Dogecoin come from?

What are the advantages of Dogecoin?

  • Low fees.
    Developers wanted to create a currency that people would actually use, other than just use it as an investment.
  • Friendly community.
    It is the only cryptocurrency that has its own community, where people support each other and make good deeds with cryptocurrency they hold.
  • Each transaction takes a little time.
  • Simple to use.

What are the disadvantages of Dogecoin?

  • No updates.
    They haven’t released any updates in more than 2 years. It is impossible to survive like this in a constantly developing Cryptoworld.
  • DOGE is not widely accepted.
    Basically, there is not a lot of places where you can use it.
  • It cannot be considered as a long term investment.
    Since most of the users are looking for a cryptocurrency to invest, it may be considered to be a disadvantage. However, it was not created as an investment.

How to buy Dogecoin on SimpleSwap?

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select DOGE in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient’s Address. Dogecoins will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.



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