To get started, it’s important to understand the basics of Dogecoin and technology behind it. Once familiarized with DOGE, selecting a secure cryptocurrency wallet is curial.
Easiest way to Buy Dogecoin NZ
What is Dogecoin in NZ?
Dogecoin brings joy to a diverse range of Kiwis and is considered an accidental cryptocurrency phenomenon that can bring a smile to New Zealanders faces.
Additionally, Dogecoin is a decentralized, peer-to-peer digital currency that uses blockchain technology. This technology relies on a network of computers, called nodes, to maintain a secure public ledger of transactions.
Dogecoin is open-source, anyone can access and contribute to its codebase.
What is the History of Dogecoin in NZ?
Back in late 2013, Billy Markus and Jackson Palmer created Dogecoin as a joke. They felt that the crypto industry was becoming too serious and wanted to inject some fun into it.
Jackson was responsible for creating the Dogecoin.com website and became the public face of the currency, while Billy worked alone on the first four releases as a developer.
How does Dogecoin work in NZ?
While the idea of magic and memes may be entertaining, it is important to recognise that at its core, Dogecoin is a legitimate form of cryptocurrency in New Zealand.
Similar to other widely-used cryptocurrencies, Doge utilizes blockchain technology. However, what sets Dogecoin apart is its low transaction fees and fast processing times.
Where can you Buy Dogecoin in New Zealand?
Cryptocurrency NZ Recommendation 🏆
Easy Crypto NZ
Easy Crypto NZ is New Zealand’s most popular cryptocurrency retailer, making it safe, fast, and easy for Kiwis to buy and sell over 97+ cryptocurrencies in minutes – including Bitcoin, Ethereum, Dogecoin and XRP.
Pros Of Easy Crypto NZ
✔️ Accepts NZD: Easy Crypto is a New Zealand-based retailer, which means that users can buy and sell cryptocurrencies using New Zealand Dollars (NZD).
✔️ User-friendly: Easy Crypto has a simple and user-friendly interface that makes it easy for individuals to buy and sell cryptocurrencies, even if they are new to the world of digital assets.
✔️ Strong customer Support: Easy Crypto offers competitive fees and is known for its strong customer support. The team is available to assist users with any questions or concerns they may have.
✔️ Secure platform: The platform is secure and uses industry-standard security measures to protect user data and funds.
Cons Of Easy Crypto NZ
❌ Limited Features: Easy Crypto may not offer as many advanced trading features as some other exchanges, which may be a drawback for experienced traders.
❌ Trading Fees: The trading fees for less popular cryptocurrencies on Easy Crypto can be higher than on other exchanges.
Easy Crypto NZ has a transparent fee structure, which is included in the price of the cryptocurrency being bought or sold. The fee structure is based on a percentage of the transaction value, and the percentage varies depending on the cryptocurrency being traded.
Easy Crypto NZ fee range is from 0.70% to 0.90%.
Binance is one of the largest centralized cryptocurrency exchanges in the world. The exchange was founded in 2017 and has since grown to offer users a platform to trade over 500 digital assets, including Bitcoin, Ethereum, Litecoin, and many more.
Binance is known for its low trading fees, high liquidity, and advanced trading features, including margin trading, futures trading, and staking.
Pros Of Binance New Zealand
✔️Wide range of tokes: Binance supports a huge range of tokens, which gives New Zealanders access to a diverse range.
✔️ Low trading fees: Binance has some of the lowest trading fees in the industry, which can be a significant advantage for frequent traders.
✔️ High liquidity: Binance has a high trading volume, which means there is high liquidity on the platform. This makes it easier to buy and sell cryptocurrencies quickly.
✔️ User-friendly interface: Binance has a user-friendly interface, which makes it easy for beginners to navigate and trade cryptocurrencies.
Cons Of Binance New Zealand
❌ Regulatory uncertainty: Cryptocurrency regulation in NZ is still uncertain, which can create a level of risk for users of the platform.
❌ Limited payment options: Binance has limited payment options for New Zealanders, with bank transfers being the primary payment method.
❌ Security risks: As with any cryptocurrency exchange, there is a risk of hacking and theft. Binance has implemented security measures to mitigate these risks, but there is still a risk involved.
❌ Customer support: Some users have reported issues with Binance's customer support, which can be frustrating if you encounter any issues with the platform.
|Spot: 0.1000%||Spot: 0.1000%|
|Futures USD: 0.0400%||Futures USD: 0.0200%|
More information on Binance exchange fees can be found here.
Founded in 2017, Dasset is an Auckland based Bitcoin exchange that aims to make Bitcoin accessible to everyone. Designed to cater to both retailer customers and professional traders, Dasset is a strong option for kiwis looking to buy and sell BTC in NZ.
Pros Of Dasset Exchange
✔️ New Zealand-based: As a New Zealand-based exchange, Dasset offers local support and compliance with NZ regulations.
✔️ Easy to use: Dasset offers a user-friendly interface, making it simple for beginners to get started with cryptocurrency trading.
✔️ Low fees: Dasset has some of the lowest trading fees among New Zealand-based exchanges, which can make it an attractive option for cost-conscious traders.
Cons Of Dasset Exchange
❌ Limited coin selection: Dasset currently only supports a handful of cryptocurrencies, which may not be sufficient for those looking to trade more exotic altcoins or tokens.
❌ Limited trading volume: Dasset has lower trading volume compared to larger exchanges.
❌ Limited payment options: Dasset currently only supports bank transfers, which may not be as convenient as other payment methods like credit cards or online payment systems
|Taker fee||Maker fee|
|Limit Orders - National currency markets||0.35%||0.33%|
|Limit Orders - Digital asset markets||0.10%||0.08%|
|Market Orders & Retail||1.00%||1.00%|
Detailed version of Dassets fees can be found here.
FAQs about Dogecoin in New Zealand
What is unique about Dogecoin compared to Bitcoin?
Origin and Purpose: While Bitcoin was created with the intention of serving as a decentralized digital currency, Dogecoin was originally created as a joke, inspired by the Shiba Inu doge meme.
Transaction Speed: Dogecoin has a faster block time than Bitcoin, which means transactions are processed and confirmed more quickly.
Supply: While both Dogecoin and Bitcoin have a limited supply, the total number of Dogecoins that can be mined is much higher than the total number of Bitcoins.
Community: Dogecoin has a unique and enthusiastic community that is known for its generosity and charitable efforts. The community has been known to raise funds for various causes, including donating to the Jamaican bobsled team to help them attend the 2014 Winter Olympics.
Can Dogecoin reach $1?
Yes, mathematically it is possible for a surge to $1 per token to materialize in the future.
Where is Dogecoin Accepted in NZ?
With Dogecoin’s rising popularity and high profile support from the likes of Elon Musk and Mark Cuban, we have seen more businesses in New Zealand begin to accept the popular memecoin.