{"id":10013,"date":"2021-05-10T17:06:58","date_gmt":"2021-05-10T17:06:58","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/?p=10013"},"modified":"2021-05-10T17:03:18","modified_gmt":"2021-05-10T17:03:18","slug":"how-and-where-to-buy-dogecoin-in-south-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa","title":{"rendered":"How and where to buy Dogecoin in South Africa"},"content":{"rendered":"

Africa-Press<\/a> – South-Africa<\/a>. <\/strong><\/span>What started as a meme is fast becoming not only a household but potentially a legitimate cryptocurrency as Dogecoin has recently taken the spotlight.<\/p>\n

Firstly, what is Dogecoin?<\/b><\/p>\n

Dogecoin (DOGE) is a cryptocurrency that was started as a joke. The logo and name are based on a Shibu Ina breed of dog that became popular thanks to meme culture.<\/p>\n

It\u2019s not particularly new as Dogecoin was launched in December 2013 as an open-source, peer-to-peer cryptocurrency. It was founded by the software engineers Jackson Palmer and Billy Markus.<\/p>\n

Palmer and Markus set out to develop a payment system and a digital currency that will eliminate the fees charged by the traditional financial channels while enabling users to transfer coins.<\/p>\n

Dogecoin quickly gained momentum and with that, an entire online community that supported the idea of this type of payment system emerged.<\/p>\n

The online communities for DOGE are massive. The Reddit Dogecoin community has approximately 1.2 million members and on Twitter, it has about 633 000 followers. It even has a dogecoin-based internet chat.<\/p>\n

Dogecoin is commonly used by online communities for tipping members that create and share interesting content online.<\/p>\n

So how do I buy Dogecoin in South Africa?<\/b><\/p>\n

First you will need to find a reputable and reliable trading platform. You can try opening an account with Capital.com or eToro. It is worth noting that Capital.com is a CFD platform that allows you to buy and sell Dogecoin without any trading commissions. Binance has also enabled a variety of methods with which traders can buy and sell Dogecoin.<\/p>\n

Once that is done, you will need to upload your passport or your ID. This has to be done before you can make any trade.<\/p>\n

When you have verified your identity, you can make a deposit using one of the eligible payment methods. This is funding your account.<\/p>\n

Now with your verified and funded account, search for Dogecoin at the search bar and insert the amount you wish to invest. Then click on DOGE.<\/p>\n

Who supports Dogecoin?<\/b><\/p>\n

Tesla founder Elon Musk has been known to tweet about cryptocurrency, often causing a spike in trading. Musk has made several recent tweets about dogecoin and even called the token \u201cthe people\u2019s crypto.\u201d<\/p>\n

Snoop Dogg and Kiss singer Gene Simmons have also jumped on the Dogecoin bandwagon as they have expressed their support for dogecoin on Twitter.<\/p>\n

Simmons has actively promoted dogecoin to his Twitter followers and claimed he made a \u201csix figure\u201d investment in dogecoin. He owns other cryptocurrencies, including bitcoin.<\/p>\n

Pros and Cons of buying Dogecoin<\/b><\/p>\n

As with all cryptocurrencies and all things digital, there are pros and cons to investing in Dogecoin. But let\u2019s start with the pros.<\/p>\n

As mentioned before dogecoin has a phenomenal online following. For cryptocurrency, big online following and support usually spells good news for those who want to dabble in the meme-turned-mainstream cryptocurrency.<\/p>\n

DOGE is also used to promote and support charitable events and projects and is a fun payment system, hence being called the \u201cpeople\u2019s crypto.\u201c DOGE can also be perceived as a long-term investment.<\/p>\n

Of course, there are also cons and potential disadvantages.<\/p>\n

While it is gaining momentum in the mainstream, it is still a meme currency and some might always look at it as only that, so not everyone will be behind it. There is also not much development related to dogecoin.<\/p>\n

IOL TECH<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. What started as a meme is fast becoming not only a household but potentially a legitimate cryptocurrency as Dogecoin has recently taken the spotlight. Firstly, what is Dogecoin? Dogecoin (DOGE) is a cryptocurrency that was started as a joke. The logo and name are based on a Shibu Ina breed of dog […]<\/p>\n","protected":false},"author":84,"featured_media":10012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[274,315,275],"class_list":["post-10013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nHow and where to buy Dogecoin in South Africa - South Africa<\/title>\n<meta name=\"description\" content=\"What started as a meme is fast becoming not only a household but potentially a legitimate cryptocurrency as Dogecoin has ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How and where to buy Dogecoin in South Africa\" \/>\n<meta property=\"og:description\" content=\"What started as a meme is fast becoming not only a household but potentially a legitimate cryptocurrency as Dogecoin has ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-10T17:06:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6099673550137.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"406\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"How and where to buy Dogecoin in South Africa\",\"datePublished\":\"2021-05-10T17:06:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa\"},\"wordCount\":574,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2021\/05\/img-6099673550137.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/how-and-where-to-buy-dogecoin-in-south-africa\",\"name\":\"How and where to buy Dogecoin in South Africa - 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