For New Zealanders venturing into the world of cryptocurrencies, buying Dogecoin (DOGE) can be an exciting task. Platforms such as Binance NZ and Easy Crypto NZ make it easy.
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.
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.
Compared to other currencies like Bitcoin and Ethereum sending Dogecoin incurs minimal fees and transactions are typically confirmed at a faster rate.
Can I Buy Dogecoin in New Zealand?
Yes, Kiwis can buy Dogecoin through a plethora of Crypto exchanges, brokerages, and P2P marketplaces available in New Zealand. These platforms offer an easy-to-use interface, allowing users to purchase Dogecoin using New Zealand dollars or other cryptocurrencies.
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.
|✔️ Accepts NZD: Easy Crypto NZ is a New Zealand-based retailer, which means that users can buy and sell Ethereum using New Zealand Dollars (NZD).||❌ Limited Features: Easy Crypto may not offer as many advanced trading features as some other exchanges, which may be a drawback for experienced traders.|
|✔️ User-friendly: Easy Crypto NZ has a simple and user-friendly interface that makes it easy for individuals to buy and sell Ethereum.||❌ Trading Fees: The trading fees for less popular cryptocurrencies on Easy Crypto can be higher than on other exchanges.|
|✔️ Strong customer Support: Easy Crypto NZ offers competitive fees and is known for its strong customer support. The team is available to assist users with any questions or concerns.||❌ Limited options: Easy Crypto NZ does not currently offer margin trading or futures trading, which may limit trading options for some users.|
|✔️ Secure platform: The platform is secure and uses industry-standard security measures to protect user data and funds.|
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%.
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.
|✔️ New Zealand-based: As a New Zealand-based exchange, Dasset offers local support and compliance with NZ regulations.||❌ 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.|
|✔️ Easy to use: Dasset offers a user-friendly interface, making it simple for beginners.||❌ Limited trading volume: Dasset has lower trading volume compared to larger exchanges overseas.|
|✔️ Low fees: Dasset has some of the lowest trading fees among NZ-based exchanges, which can make it an attractive option.||❌ 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.