Successdogecoin.com Review Is Success Dogecoin Scam or Should I Invest

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Hash Gains Review: Is It Scam? Tricky Situation

Hash Gains Review: Is It Scam? Tricky Situation

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Last Updated: Aug 28, 2020 @ 11:02 am

Hashgains.com is an all good fun game where you lose Bitcoin or money while they gain from your loss. If you end up sending some Bitcoin in the name of buying hashing power from Hash Gains, you have yourself to blame.

As you can see, Hash Gains looks like a pretty decent website. The design is quite professional. They even have a contact phone number for those who would like to call them from the US.

Hash Gains Review

To be honest, we love the theme and overall design. Hash Gains is quite appealing to the eye. But the idea of mining Cryptocurrencies to make overnight millions is what does not appeal to us.

So in this review, we will go ahead and analyze the site. The danger of losing your Bitcoins to unfulfilled promises are real.

We have even tried their calculator to see just how much we would earn if we invested real money with this site.

Naturally, the higher the amount invested, the higher the potential returns, right?

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When we try our calculation with the minimum deposit of $350, we get 1 TH/s of hashing power. The site is quite upfront with their daily fees as they state it clearly that one will incur $ 0.0004990 per day if they choose this plan.

We also notice that all contracts are supposed to last in 24 months as opposed to a lifetime. There is nothing wrong with this expiry time frame.

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So back to our calculations. If we take $350 as the minimum invested amount, we make $2 every day. That would be $14 per week and $60 per month.

In other words, if we increase the seed capital to $3500, profits should automatically rise. That would mean $20 per day and $140 per week.

Return on investment would be 208.65% (we don’t know after how long). But that is also where things start to get suspicious.

You see, these returns are guaranteed as stated by Hash Gains. In fact, they are claiming that if you’re dreaming big and would like to hit the Jackpot, come and mine with HashGains.

These statements are clearly too misleading for any new investor who will make a deposit and soon realize that all that glitters isn’t necessarily gold.

About the site and its operators

The site doesn’t give any information about ownership. In fact, this is something that they’ve managed to distance themselves from.

However, when we investigated elsewhere, we discovered that the site was registered by FUTURISTIC INTERNET SERVICES LLC.

The physical address is listed as 10685-B HAZELHURST DR. # 15644, Houston. However, FUTURISTIC INTERNET SERVICES LLC is a web design company. We do not see any correlation between this company and Hash Gains website.

We’ve check the profile of Futuristic Internet Services on BBB. In their profile, they’ve listed Computehost.com as their website. But there is no mention of Hash Gains anywhere in that profile.

Without any reference to Hash Gains in the company profile of this corporation, we cannot be so sure whether or not Hash Gains is related to Futurustic Internet Services.

That’s a problem because if this website is not backed by any reputable corporation, yet they are using their name to claim affiliation with this company, it could result in a criminal act.

We managed to check out if there were any customer feedback for this site.

It’s very interesting to see that even though this site’s popularity is growing, there is no customer feedback at all.

What exactly is happening?

Well, if the above things are to be taken into consideration, we could say that Hash Gains does not have any background. Ownership cannot be verified, which is a very serious problem since this website involves users sending money with the promise that the website will mine Bitcoin on their behalf.

This reminds us of their disclaimer statement at the bottom of the site. What exactly does it say?

It says that Hash Gains is not providing investment advice. This is because for a website to legally provide investment advice, it should first acquire the relevant license to deliver this service.

But since Hash gains isn’t licensed to do what it’s doing, the safest way to escape the requirements of the law is to warn that they are not providing any investment advice when in fact they are providing investment advice.

As a matter of fact, the services of this company involve providing investment advice. There is a calculator on this site which helps investors to project their potential earnings if they invest a certain amount of money into the project. That’s something that is akin to providing investment advice.

The plans which Hash Gains have listed on their homepage, and the promises which they are making are all akin to providing investment advice.

The bottom line is that this site is providing investment advice, even though they are not admitting it.

The danger of making use of their so-called cloud mining service is that you will end up losing your deposit. There is no hashing power to purchase here.

Their alleged data centers

Hash gains claims that they have data centers in the US and China and that they’ve been able to bring mining costs down.

Usually, when a platform has invested in data centers, they will show pictures of their mining farms. And to verify those locations, these businesses will use Google maps to pinpoint the exact location of each farm. There is no saying that they cannot prove the location of their mining farms due to security reasons. Security can always be maintained even if people know the exact mining location of their farms.

The point is, if a cloud mining website has hardware and mining farms as claimed on their site, they will always show pictures.

So far, this site has just made claims. These claims have never been verified.

Investor feedback

The bigger the claims, the more feedback you should expect, right?

Well, there are so many reviews about this site on the internet. In fact, when you want to read those user testimonials, you can simply go to forums like Trust Pilot.

Most reviews are 2 and 1 star respectively. Of course those who are rating it with a 5 star cannot be trusted as there is no guarantee as to whether or not they are affiliated with this site.

On the other hand, the 1 and 2 stars are from people who feel that this site is a fraud. These users made deposits and got disappointed when they never realized the profits which they were promised.

We are in doubt of the 5 star reviews, and nothing can change our mind on this.

You see, those who are agitated and mad at Hash Gains claim that they are shady. On the other hand, those who rate them with a 5 star claim that they are really profitable and helpful. Who’s speaking the truth in this case?

Our best advice for you

Don’t be too gullible so as to send your Bitcoins anyhow. If you want to invest, sign up with these companies which we have personally vetted. On the other hand, we are maintaining an open mind, and if Hash gains will convince us otherwise, we will make changes to this review accordingly. But as it currently stands, we don’t advice people to invest here.

What Is Dogecoin & How Does It Work? The Ultimate DOGE Guide [2020]

Dogecoin has to be one of the most well-known and loved cryptocurrencies in existence today. We have put together this comprehensive DOGE guide based on extensive research to answer all your questions related to this fun and friendly crypto.

Dogecoin, otherwise recognized as DOGE is an open source cryptocurrency, which has developed into an enjoyable, friendly and easy-to-use internet currency.

Much Wow. What is Dogecoin? Find out in our awesome guide.

So, if you’re asking yourself “What is this Dogecoin thing?” or any other related questions, you have come to the right place, as this comprehensive guide will provide you with all the answers you need.

Dogecoin has an extremely active and passionate community, with members known as the ‘Shibes,’ that have taken part in multiple social causes and fundraisers.

The price of Dogecoin has been volatile but overall it has increased in value and at one point reached a market capitalization of beyond $1 billion.

Dogecoin market cap (USD) from January 2020 to February 2020 – Source: CoinMarketCap.com

Regarding its distribution, the coin had a fast initial production schedule, with 100 billion coins having already been mined by the middle of 2020. Currently, Dogecoin has a circulating supply of more than 118 billion.

While its main use is as an online digital currency, it has gained footing as a tipping system, in which internet users grant tips paid in Dogecoin to other users who post content that they enjoy.

Dogecoin is an open-source digital currency that is used by internet users worldwide.

The framework is based on Litecoin, meaning that all modifications and updates made to it will also be made to Dogecoin.

The initial aim of the coin was not to create an innovative technology or something novel and impressive, but rather to create an easy to use transaction platform.

Dogecoin has a strong and loyal userbase who use Doge as a currency rather than just hold it as a speculative asset. Although, like other cryptocurrencies, Dogecoin can definitely be held as an investment or traded in pursuit of making a profitable return.

Dogecoin got its name from the original ‘doge’ internet meme, which is based on a photo of a Japanese Shiba Inu dog.

The original Doge Meme – Source: @DogecoinMemes on Twitter

Doge memes are created using different Shiba Inu photos surrounded by text in the Comic Sans font. The text is written in an improper form such as ‘wow‘ and ‘much increase‘ and is meant to portray what the dog is thinking.

The Dogecoin logo is the face of the Shiba Inu dog, with a big letter D on it.

Dogecoin logo – Source: Dogecoin.com

There is a slight disagreement on the correct pronunciation for Dogecoin.

Some claim that the pronunciation is similar to “dodge,” while others say that since the name comes from a dog, the correct pronunciation is “dogue.”

As stated above, while Dogecoin initially started as a joke, it quickly gained a lot of traction, and a very strong community was built around it, which now is one of Dogecoin’s greatest assets.

The community members, who are also referred to as “Shibes” have been known for various charity donations and other altruistic causes.

The community enjoys a substantial following on social media.

The Reddit group /r/dogecoin has 129k subscribers or ‘Shibes,’ and they use Dogecoin to tip each other for posting enjoyable content.

r/dogecoin Reddit community – Source: www.reddit.com

Furthermore, charities such as DogePizza and SocksForTheHomeless use Reddit as a platform to raise money for good causes.

This Dogecoin community, on top of being one of its strongest assets, has been key to its survival and success until now. No other ‘meme coin’ has enjoyed success like Dogecoin has.

A common phrase used by Shibes is ‘1 DOGE = 1 DOGE,’ meaning that they believe the coin should be used as a transactional currency, instead of being used solely as an investment or speculative asset.

The community actively contributes to Dogecoin, even creating new applications like DogePal which is a system that enables people to pay each other with Doge, using email addresses.

Screenshot of Dogecoin payment system: DogePal.com

The idea first gained traction from a tweet posted by Jackson Palmer who jokingly said “Investing in Dogecoin, pretty sure it’s the next big thing.”

It received a lot of encouragement from the Twitter-sphere, also catching the interest of Billy Markus, a software engineer, who later contacted Jackson Palmer about creating something real with Dogecoin.

Then, on December 6, 2020, Dogecoin was created, allowing anyone to mine and/or trade it.

The hype around it quickly grew, so what started as a joke very rapidly became a major cryptocurrency.

Dogecoin was intended to be fun and to have a less serious vibe than other cryptocurrencies.

In 2020 when Dogecoin was created there were much fewer cryptocurrencies around than today, and most of them had a serious vibe or political motives.

One thing that separates Dogecoin from the majority of other cryptocurrencies is that it is an inflationary, rather than deflationary cryptocurrency.

Bitcoin and the majority of other cryptocurrencies that can be mined are created with a hard cap on the supply of coins.

The main issue arising from deflationary coins is that they encourage hoarding as their perceived values increase with time. Also, once a hard cap is hit, it is not profitable for miners to continue sustaining the system.

Thus, an inflation-based tactic was designed so that mining would be maintained and to replace lost coins, helping to keep the supply stable at close to 100 billion tokens.

Dogecoin has a fixed rate of production of 10,000 coins per minute.

Jackson Palmer wrote in 2020:

“The goal for the currency is to keep approximately 100 billion coins in circulation – thus after 100 billion Dogecoins are created, rewards will continue at 10k each block. This will help maintain mining and stabilize the number of coins in circulation (considering lost wallets and various other ways coins may be destroyed) at 100 billion.”

Furthermore, since most of the community do not consider Dogecoin purely an investment, rather a medium of exchange, inflation could be an important factor in its success.

The main structure of Dogecoin is based on Luckycoin, which in turn is based on Litecoin.

Dogecoin originally featured a randomized reward system, with rewards received for mining blocks of coins.

This was later changed to a fixed block reward in 2020.

Both Dogecoin and Litecoin employ a proof-of-work algorithm and use Scrypt technology.

However, unlike Litecoin, the supply of Dogecoin does not have a cap.

Since 2020, Dogecoin and Litecoin mining has been merged, which means it’s possible to mine both coins with the same process.

Dogecoin Litecoin
Founded December 6, 2020 October 7, 2020
Price (March 2020) $0.001823 $39.06
Mining Algorithm Scrypt (Proof-of-Work) Scrypt (Proof-of-Work)
Market Cap (March 2020) $226,027,612 $2,515,786,037
Supply (March 2020) 123,957,910,395 64,404,581

Some of the advantages of Dogecoin over other altcoins include:

    Extremely low Transaction fees, around $0.01. Fast transaction times as it takes less effort to calculate the mining computations. A user-friendly interface. A fun and welcoming community.

Before being verified, Dogecoin transactions are included in a block. The miners’ check the received transactions with previous transactions on the blockchain.

If no data recording the same transactions is detected, the miners confirm the new block of transactions.

These blocks are sent for verification to the nodes of the Dogecoin network.

When the nodes verify a block of transactions, they enter into a type of lottery. Only one node can win the reward from the lottery.

The lottery involves solving a mathematical equation. The node that solves the equation first adds the new block of transactions to the blockchain.

The reward for solving the mathematical equation is 10,000 DOGE.

As the mining process necessitates massive amounts of electricity and time, this reward is paid to miners for each mined block. This acts as an incentive for miners to give their hashing power.

The mining reward has not always been the same. However, after the 600,000th block was mined, a permanent reward of 10,000 Dogecoin was put in place by the developers.

Litecoin and Dogecoin merged mining in 2020 and both use Scrypt, which demands less power than Bitcoin’s SHA-256 algorithm. If you are familiar with Litecoin mining, DOGE mining may be relatively easy for you.

Dogecoin mining is also a lot quicker than Bitcoin as its mining difficulty is at least a million times less than Bitcoin’s. This also means that you can mine the coin with less powerful computers.

The block reward for each block is 10,000 DOGE and on average, a new block is generated every minute.

Dogecoin mining concept – Source: shutterstock.com

Just like every other mineable cryptocurrency, miners have the choice to go solo or operate in mining pools.

Mining pools are groups of users who share their computing power and receive a share of the block reward.

Pools have higher combined computing power than solo users, and therefore, they confirm blocks more often.

Each miner in the pool gets a small portion of the total reward generated by the block. Members of the pool will usually pay a fee to be a part of the group.

When you mine Dogecoin solo, you won’t have to pay any fees for mining.

However, you will be exposed to the immense competition, and it could be weeks (sometimes months) before you get to mine a block on the network.

However, once you do this, the entire mining reward is yours for the taking.

To begin with, you will need a PC running and a working internet connection.

You will also need a Dogecoin wallet to store the mining rewards you earn.

Ideally, you want to use a powerful CPU (even though an average PC CPU is powerful enough, it may overheat), or a GPU like the Nvidia GeForce GTX series.

Depending on what hardware you use, you will also need to download the appropriate software to go with it. The software can be found online and downloaded for both CPU and GPU.

If you are mining using a GPU, a few software options include CGminer, EasyMiner, and CudaMiner. A CPU miner can be downloaded for free here.

Another hardware option is a Scrypt ASIC Miner like the Bitmain Antminer L3. MultiMiner would be the appropriate software to use in this instance, but EasyMiner and CGMiner will also work for ASIC miners as well.

The most suitable option for beginners looking the test the waters would be GPU mining. After, if you want to get more seriously involved with mining you could consider a GPU or ASIC mining setup.

The easiest way to earn some DOGE would be to opt for cloud mining, but you need to investigate whether you can be profitable or not and how long that would take.

With cloud mining, you simply rent computing power from a data center which is charged as a yearly or monthly fee. The center mines the coins and sends a share of the profits to you.

The only requirement for this is a Dogecoin wallet and the money needed to rent the cloud resources.

Cloud mining can be cheaper to set up than your own mining operation. It also removes all the technical hassle involved with Dogecoin mining.

However, the contracts could be long-term, and it may be difficult to calculate whether you are getting good value for the cost or not.

Price fluctuations could also cause problems as the cloud mining contract will be fixed, and if mining becomes unprofitable, you will still be tied to the contract.

At NiceHash, you can buy hash power, similar to how you might with cloud mining, but with an interesting difference: you buy hash power from the community. People can connect their miners with NiceHash and rent out their hash power – NiceHash facilitates the deal! If you don’t want to set up your own miners to acquire your Dogecoin and you’re not keen on the typical Cloud Mining providers, NiceHash is definitely well worth a look.

Dogecoin’s website states that:

“Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as ‘the internet currency.’”

Dogecoin has also been used by its community often in fundraising initiatives, such as helping Olympians attend the winter Olympics and raising funds to build clean water wells in developing countries.

Below are some of the most notable fundraisers achieved by the Shibes:

    $50,000 was raised in order to fund the Jamaican Bobsled Team journey to the Winter Olympics in Sochi in 2020. In March 2020, the community raised $30,000 in order to build wells that provide clean water in Kenya. The community raised $55,000 in order to sponsor a NASCAR driver (Josh Wise) who then raced in a Dogecoin themed car.

As Dogecoin’s transaction times are quick, averaging close to a minute, Doge has also gained popularity as a donation or tipping coin.

Dogecoin can also be used for speculation or held as an investment with the goal of making a profit. Since its creation, Dogecoin has seen many peaks and troughs in its price creating lots of opportunity for speculators.

The first exchange which offered a DOGE/USD market was AltQuick.co in 2020. Later on, the Canadian Vault of Satoshi exchange became the first exchange to offer the DOGE/CAD trading pair. DOGE can now be traded in many exchanges around the world.

Dogecoin was officially launched on December 6, 2020.

It was created by Billy Markus, a programmer from Oregon, and Jackson Palmer, a product manager at Adobe.

During the cryptocurrency craze of 2020, Billy Markus wanted to create a cryptocurrency which had a less serious vibe than Bitcoin. He believed that this would appeal to a broad user base and also be something unique that separates itself from other cryptocurrencies.

He teamed up with Jackson Palmer, who conceived the original idea for ‘Dogecoin’ through a comical tweet. Palmer was encouraged on Twitter to make his ‘joke’ idea a reality, which he then later did with Markus.

The Dogecoin team is made up entirely by volunteers.

The founding duo of Billy Markus and Jackson Palmer now go by the moniker “Shibetoshi Nakamoto,” a name intended as a play on the name of the creator of Bitcoin, Satoshi Nakamoto. However, Jackson Palmer is no longer involved with the project.

The developing team consists of names such as Ross Nicoll, Patrick Lodder, and Max Keller.

You can find our interview with Ross Nicoll here.

Like the majority of cryptocurrencies, Dogecoin has been subject to massive fluctuations in price, going from lows of $0.0001 in late 2020 to a high of $0.019 on January 7th, 2020.

Dogecoin Chart

Probably not but it is possible. For Dogecoin to hit $1 it would have to increase 52,531% from the price it’s at today ($0.0019) which would certainly be ‘much wow’

The extremely high supply makes it unlikely to hit a high price such as $1 since while the inflationary nature improves its chances to be used as a mediator currency, it also decreases its investment potential somewhat.

Buyers from the EU can buy Dogecoin directly from www.litebit.eu.

Furthermore, there are multiple exchanges which support Dogecoin, and offer pairs such as DOGE/BTC and DOGE/ETH.

The most popular exchanges that do so are Bittrex, Poloniex, and HitBtc.

Screenshot of BTC-DOGE trading on the Bittrex platform – Source: Bittrex.com

While this article does not aim to offer financial advice, and you should always do your own research when making any investments.

The cryptocurrency market in the eyes of some is a bubble that has already burst, while others see it as a nascent industry that will eventually go on to change the world in a similar manner to how the internet did.

No, Dogecoin is currently not listed on Coinbase.

In order to buy through Coinbase, it is required to buy another crypto coin, transfer it to an exchange which supports Dogecoin and then buy it.

There are different wallets which support the storage of Dogecoin.

Firstly, there are software wallets for download, such as Dogecoin Core, which contains the full Dogecoin blockchain, and effectively turns your computer into a Dogecoin Node.

Dogecoin co-creator Billy Markus recently tweeted to remind his followers to upgrade to the latest version of the Dogecoin Core Wallet.

Make sure to upgrade your wallet to 1.8 now, or you’re gonna have a bad time: https://t.co/tS3UMlrTUW

Then there is MultiDoge, a light wallet which stores enough information in order to use Dogecoin but will not turn your computer into a Node.

There are also Online wallets such as Dogechain, which allows you to use the blockchain without storing it on your computer.

Finally, there are Hardware wallets, such as the Ledger Nano S which are hardware devices that are fully portable and allow you to store Dogecoin.

Once you possess a secured wallet, transferring DOGE is as easy as clicking a “Send” button in the application.

You only need to specify the recipient’s address, enter the coin value and a label which allows for easy tracking of the transaction. Then use a blockchain explorer like Dogecoin official.

Dogecoin possesses a one minute block time; therefore the average transaction time is around one minute.

As stated above, Dogecoin does not have a supply limit.

Right now, there is more than to 118 billion Doge in circulation, with the price being $0.0019.

The current market cap is $225,000,000; however, at one point in January 2020, it surpassed $1 billion for a short time. The market cap changes daily, so it’s worth checking a resource like CoinMarketCap for the latest valuation.

The potential problem with having a supply cap like many cryptocurrencies do is that once that cap is reached, mining could become unprofitable for miners.

This could lead to either extremely high transaction times (due to less incentive to process transactions) or extremely high fees (to encourage miners to mine).

To solve this problem, the creators of Dogecoin wanted to ensure miners that they would always receive new Dogecoin as a reward, so there is always an incentive for mining Dogecoins.

In a recent interview with Blokt, leading developer Ross Nicoll stated that he wants to see Doge widely adopted as a currency for the Internet, and he believes there is an exciting opportunity to make this happen.

He also wants to see Dogecoin become part of the Ethereum Ecosystem. The Dogecoin team is currently working on a Dogecoin/Ethereum bridge which would enable this.

Dogecoin and Ethereum bridge illustration – Source: Shutterstock.com

To conclude, even though it began as a lighthearted joke that made light of the cryptocurrency craze, Dogecoin has evolved into a genuine and major digital currency.

Dogecoin possesses one of the biggest thriving communities, full of helpful and friendly members, who are also working to further the adoption of the coin.

This has been a big factor in the success of Dogecoin and will continue to be so in the future. Furthermore, the loyal community of Shibes constantly uses the coin instead of holding it as purely an investment.

Even after the departure of the co-creator Jackson Palmer years ago, the project has continuously thrived, due in part to the passionate and enthusiastic Shibe community.

  • Dogecoin Chart – DOGE weekly chart from TradingView.com
  • ASIC Mining – What is an ASIC miner by Digital Trends
  • Ethereum – Why the Ethereum ecosystem is stronger than ever by ConsenSys
  • Hardware Wallets – Dogecoin Ledger support
  • Dogecoin Developers – Dogecoin dev team on Twitter
  • Dogecoin’s History – A history of Dogecoin by Usman W. Chohan
  • Doge Mining – Dogecoin mining pool by Multipool
  • Shiba Inu – Original photos which led to the ‘doge’ meme
  • Dogecoin Pronunciation – How do you say Dogecoin by The Daily Dot
  • Dogethereum Bridge – Dogecoin / Ethereum bridge on Github
  • Dogecoin Creator – Jackson Palmer’s website
  • Coinbase – Dogecoin price information and charts

Featured Images are from Shutterstock.

Blokt is a leading independent cryptocurrency news outlet that maintains the highest possible professional and ethical journalistic standards.

How to Buy Dogecoin – The Ultimate Guide

Dogecoin to USD has proven remarkably resilient over the years. In fact, Dogecoin is one of the space’s big success stories, having grown from a price measured in ten-thousandths of a penny to its current standing at right around 1 cent. Dogecoin has even proved more hearty in times of market turmoil, making it a relatively safe haven when compared to other longstanding cryptos.

Despite it’s novelty logo and theme, people still consider it as a strong coin within the community and with some of the sponsors it has had, there looks still to be room for growth.

Where to Buy Dogecoin

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Why Buy Dogecoin?

There are a bunch of good reasons to buy Dogecoin. Most of them have already been stated, but they bear repeating.

  • The Dogecoin price is likely to rise. It’s a massively popular, growing cryptocurrency with real use cases.
  • The Dogecoin price makes it a low-risk method for new crypto users to buy, sell, trade, and store coins.
  • Dogecoin buy opportunities are many because it’s a strong currency that you can buy stuff with.
  • Dogecoin is minable, but you can’t use expensive ASICs on it like with Bitcoin. Doge for all!
  • It’s fun! Crypto gets so serious. Bring a little Wow into your life by becoming a part of the Dogecoin community.
  • Buy some Dogecoin if you’re just learning about how crypto works because if you mess up you won’t lose much money!
  • Buy Dogecoin for a future that can only be described as “UP”.

How to Buy Dogecoin

You can’t just buy Dogecoin with Paypal or buy Dogecoin with a credit card. You’ll have to first have Bitcoin and transfer that to an exchange like Poloniex or Bittrex where most of the Dogecoin in the world is bought and sold.

Setting Up an Account With Bittrex So You Can Buy Dogecoin

Now that you have your Bitcoin, you’ll need to open an account with Bittrex, Poloniex, or one of the smaller exchanges out there right now. We’ll go with Bittrex because of its long history with Dogecoin (“very loyalty”).

Step 1: Go to Bittrex.com and make an account just like you would with Facebook or Gmail or anybody else. Choose a unique username and password, then do the thing robots can’t do.

Step 2: Click the link in the verification email that Bittrex sends to you. This will link your email to your Bittrex account, which in turn will allow you to log in for the first time.

Step 3: Engage 2 Factor Authentication (2FA). This is another layer of security you can have on this important financial account. You’ll download a phone app which will display a new 6 digit code every 30 seconds. When you login to your Bittrex account to buy Dogecoin, you’ll have to input this code in addition to your password. Even if a hacker steals your password, they won’t have access to the code on your phone, so you are less likely to be hacked and have your precious Doge burgled.

Step 4: Go back to your email and click the link in the registration message you see there. This unlocks all basic trading functionality. You’re good to go. To the moon![/su_note]

How to Send Your Bitcoin to Bittrex So You Can Buy Dogecoin at the Low Low Dogecoin Price!

Step 1: Go to the “Wallets” section of your new Bittrex account. Here, click on the “+” sign beside the Bitcoin wallet, which will always be right near the top of the pile (Bittrex gives you 1 wallet for every coin they support, not just the ones you own). The popup screen will show you an address. This is the address to which you will send all future Bitcoin to Bittrex. Copy the address and head over to the wallet that holds your Bitcoin. For this example, we’ll use the Exodus Wallet.

Step 2: Select “Send Bitcoin”. This will bring up a screen that has a space for the address you just copied. Paste that bad boy. Next, select how much Bitcoin you want to send to your Bittrex Bitcoin address so you can make your first Dogecoin. We recommend “Much Bitcoin, Very Value”.

In a few minutes, the Bitcoin will arrive in your Bittrex account. From here you can buy any coin that Bittrex supports. But you’re not interested in just any coin. You’re hungry for the Doge and the Doge only. Next, we’ll show you how to buy Dogecoin to have and to hold.[/su_note]

How to Buy Dogecoin With Bitcoin on Bittrex

We can feel your excitement. It’s time to buy Dogecoin for real.

Step 1: At the top of the screen, click “ B Markets”. Type “DOGE” into the text box. This will bring up the BTC/DOGE market link. Click it!

Step 2: In this screen, you can see a lot of information. You can see the chart that shows you how the Dogecoin price has grown in recent days. On the right you’ll see what the current highest Bid price (the highest price at which some trader is currently offering to buy 1 DOGE) and the lowest Ask price (the lowest price at which some trader is offering to sell 1 DOGE). At the bottom, you’ll see interfaces that will allow you to buy and sell Dogecoin.

In the “Bid” portion of the Buy Dogecoin trading interface, put in the price you would like to pay for 1 DOGE. You may want many more than 1 DOGE, but this system determines your price by learning how much you’d pay for one, then asking for how many you want. Above that, put in the number of DOGE you want to buy. If you just want to buy as much as you can with the Bitcoin you have, click “Max”. Now, at the bottom of the screen you’ll see what this order costs.

If you click “+ Boy Dogecoin”, your order will go out into the marketplace where Bittrex will try to pair your Bid with an open Ask. If you asked for a price right around the Dogecoin price that is currently displayed, your order will usually be completed in seconds. If you asked to buy Dogecoin at a lower price, hoping that the price would go down soon (much frugal!), your order will be filled if and when the market price falls to that point.

Other ways to get Dogecoin

Yes, now you know that you can buy Dogecoin with Bitcoin/Ethereum or some other cryptos. But, is there any other alternative to get DOGE other than using exchanges? Fortunately, you’ll be able to get Dogecoin even for free! Check the choices below:

1. Get Dogecoin as a Tip or Gift

Dogecoin communities have been known to gift Dogecoin to new users.

2. Use a Dogecoin Faucet

Crypto faucets are games of chance that award coins to users who get high scores. There are a number of Dogecoin faucets available today. You may not win many DOGE this way, but there’s always the chance you’ll win at least a little bit.

3. Mine Dogecoin

The Dogecoin mining community is active. Do your research online and you should be able to get started mining Dogecoin with minimal investment up front.

Dogecoin is a humorous altcoin, but it has real value as a decentralized, international currency. If you believe in the future of Dogecoin, consider becoming an investor today.

How to Send Your Dogecoin to the Dogecoin Wallet For Safekeeping

Dogecoin has some of the best wallets in all of crypto. Head on over to www.dogecoin.com/gettingstarted/ and download the wallet of your choice to your computer or phone.

Once it’s installed, open it up, follow the prompts, take note of any private keys or secret codes (these are the only way to regenerate your wallet if your phone dies or you lose your password!), and find your deposit address.

Copy this deposit address and go back over to Bittrex. Go into the “Wallets” section, and click “-” on the DOGE wallet for “withdraw”. Select how many DOGE you want to transfer, then click the transfer button.

The reason you want to do this is that coins kept on exchanges are vulnerable. Bittrex has had some major difficulties dealing with the overwhelming demand entering the crypto markets. This has led the site to have slow or limited functionality on certain occasions.

The other factor is hacking. There are plenty of thieves who would like to steal your Bittrex DOGE, and this has happened in the past. Keeping your DOGE in a personal wallet makes them much less of a target for thieves.

Trade virtual currency securely with the Best Cryptocurrency Exchanges USA and the Best Cryptocurrency Exchanges Canada to invest in Altcoins, alternative digital currency coins, or invest using Trading Robots.

Frequently Asked Questions

What if I wanted a Different Dogecoin Exchange?

You have your options. Other than the Bittrex option introduced in this guide, you could go with Poloniex, Cryptopia, CoinEgg, CoinExchange, Gate.io, Kraken, Koineks, YoBit, and a bunch of other exchanges you probably haven’t heard of. Check out the complete list here if you need to find one that’s available in your country.

What is Dogecoin in USD?

1 Doge = 1 Doge. But 1 Doge = about .01 USD.

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