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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

74.91% of retail investor accounts lose money when trading CFDs with this provider.

Dogecoin (DOGE)

Dogecoin is an open-source cryptocurrency named after the popular Doge internet meme. It is a fork of Litecoin and was launched on 8 December 2013. Unlike other cryptocurrencies, Dogecoin has a fairly fast initial mining period. 

The digital currency was created by Billy Marcus of Portland in the United States and Jackson Palmer of Sydney, Australia. Initially, the creators viewed it as a joke cryptocurrency that would enjoy wider appeal beyond Bitcoin's key demographic.

Trading options

Nowadays, Dogecoin has an active community of users, is available on virtually every crypto exchange and is supported by a wide range of multi-currency wallets. In early 2021, Dogecoin shot up 900% in the space of just a few days. Though the project's developers had done virtually no coding since 2015, Dogecoin's moon shot prompted them to make the decision to resume work on the cryptocurrency.

How to the trade Dogecoin?

You can buy and sell CFDs for Dogecoin through a broker or a trading platform, such as MetaTrader 4 or Libertex, where leverage can be used, and you can trade if the cryptocurrency's value goes down or up.