Dogecoin is a decentralized peer-to-peer cryptocurrency that allows people to send money online, faster, and easier. It is a popular cryptocurrency and occupies the number 29th position on Coinmarketcap. The market cap of Dogecoin as of 28th August 2019 is $316 million.
It started as a joke but has become one of the best cryptocurrencies, with an active community of users in all parts of the world. With roughly a hundred cryptocurrencies listing Dogecoin on their platform, it has become hard for people to know which exchanges are best for buying and trading the cryptocurrency. In this article, we will look at the top 3 crypto exchanges to buy and trade Dogecoin.
Looking for the best overall exchanges? Read this.
What is Dogecoin?
Dogecoin is a p2p payment cryptocurrency with an abundant coin supply and market cap. It has an active community of users and has become one of the leading payment cryptocurrencies in the world. It is being used in several online payment platforms due to its popularity amongst crypto enthusiasts.
The blockchain technology behind Dogecoin is an easy and straightforward one. The miners here serve as nodes, ensuring that transactions between parties are approved. Overall, Dogecoin is an exceptional cryptocurrency that has become very popular amongst crypto users.
Best crypto exchange to buy and trade Dogecoin
With over a hundred cryptocurrency exchanges listing Dogecoin, it is tough to know which ones are the best. Here are the leading exchanges to buy and trade Dogecoin.
Binance is currently the largest cryptocurrency market in terms of market cap. The platform has a large volume of DOGE, with DOGE/USDT, DOGE/BTC, and DOGE/ETH accounting for a substantial volume of the cryptocurrency’s total market cap. DOGE/BTC is the most popular pair on Binance.
With a large market cap and excellent trading platform, you can purchase, trade, or sell DOGE on Binance any time you wish.
CoinEx has the most substantial trading volume of Dogecoin amongst crypto exchanges. The platform is responsible for roughly 26% of the daily trading volume of Dogecoin. The DOGE/USDT, DOGE/BTC, and DOGE/BCH trading pairs account for 16.3%, 5.1%, and 4.9% of the total trading volume of Dogecoin.
Due to its high liquidity of Dogecoin and an excellent trading platform, CoinEx is one of the best platforms to trade DOGE. The substantial trading volume means you can buy, trade, and withdraw your Dogecoin on this platform with ease.
Coinsbit is another cryptocurrency platform that has a large trading volume of DOGE. It accounts for 17% of the total Dogecoin trading volume. The DOGE/USD, DOGE/BTC, and DOGE/ETH trading pairs make up the 17% of Coinsbit’s Dogecoin trading volume.
The total Dogecoin trading volume on this platform is almost $3 million, making it quite substantial for those willing to buy and trade cryptocurrency. Coinsbit has other smaller trading pairs of Dogecoin including that of EUR. The availability of purchase with fiat currencies could be the appeal of Dogecoin on Coinsbit.
The third best platform to trade Dogecoin is P2PB2B. The cryptocurrency exchange has a large volume of DOGE, accounting for over 12% of the crypto’s total market volume. Similar to Coinsbit, P2PB2B allows users to purchase the cryptocurrency using fiat currencies as the DOGE/USD pair is ahead of the other trading pairs on the platform.
With substantial liquidity and a vibrant trading platform, P2PB2B is an excellent cryptocurrency exchange to buy, trade, and sell Dogecoin.
Dogecoin is a very popular cryptocurrency with over a hundred exchanges listing it on their platforms. However, the exchanges reviewed in this post have some of the best trading conditions for Dogecoin.