A guide to buying the 12th most valuable cryptocurrency by market cap using the easy-to-use platform Capital.com
The price surge in the cryptocurrency market over the last year, coupled with rising mainstream attention towards the advantages of crypto has encouraged an increasing number of people to invest in digital assets.
One such cryptocurrency that rose to fame after Tesla and SpaceX CEO Elon Musk praised it (albeit in a tongue-in-cheek fashion) as the “people’s crypto” is Dogecoin. Dogecoin has surged by over 55% in the last 24 hours and hit its all-time high of $0.145308, making an investment into DOGE all the more valuable.
However, investing in Dogecoin can be challenging for both first-time and seasoned investors, considering the number of exchanges that offer these facilities, each with their own advantages and shortcomings. In this article, we review the award-winning platform Capital.com and explain how you can easily invest in DOGE through the exchange.
Created by Jackson Palmer and Billy Markus in 2013, Dogecoin emerged as a joke meant to ridicule the growth of altcoins by making the doge internet meme into a cryptocurrency. Despite its origin, the coin’s large supply and low price led to its usage in micro-tipping content on social media. Further, since there was no cap to the supply of coins, Dogecoin can inflate infinitely, it is currently the 12th most valuable cryptocurrency by market cap, according to CoinMarketCap
What is Capital.com?
Equipped with AI-powered technology, Capital.com is an easy-to-use platform that enables access to over 3,000 markets, including 70 crypto trading pairs. Its unique features, including negative balance protection, free demo accounts and round-the-clock access to customer support has attracted over 788,000 clients, who have traded more than $88 billion on the platform.
To start trading on Capital.com, you can register by creating a free account using your email-id and a password. The platform is FCA-regulated to ensure your data and identity is protected and hence requires all users to provide a photo identity document such as a driver’s licence or passport.
Once your identity is verified, the platform will allow you to make your first deposit through a convenient payment method be it through credit card, debit card, bank wire transfer or ApplePay, Webmoney and Giropay.
After you deposit the funds, you can begin using your account to start trading. You can use capital.com’s interactive dashboard to check the price of DOGE and enter the quantity you want to buy to process your transaction.
You can also use the platform’s free demo account to get accustomed to trading and educate yourself using its customized resources. The platform also has advanced features that can enable you to purchase or sell DOGE when it hits a certain pre-set price.
Credit Card, Debit Card, Wire Transfer, Neteller, Skrill, Visa, Mastercard, Trustly
71.2% 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.