How Is Dogecoin Used?

The dogecoin community uses the sheer size of the project to support good causes all across the world. In 2014, the community raised $50,000 to help send the Jamaican Bobsled Team to the Sochi Winter Olympics, and later the community raised $30,000 to help build clean-water wells for a little town in Kenya. Shibes even tried NASCAR and in March 2014 the community paid $55,000 to sponsor a driver named Josh Wise who raced in a Dogecoin-themed car.

Dogecoin has a large following on social media as well with Reddit hosting a lively Shibe group that can tip each other with DOGE for posting good content. They can also use the platform to raise more money for good causes as the charities that use it as a platform including SocksForTheHomeless and DOGEPizza.

Dogecoin is used as an online blockchain-based currency for payments and instant transactions as users can send and receive DOGE with their wallets within seconds and with minimal transaction fees. Dogecoin can also be used to tip content creators and to encourage them on the internet and social media networks. Dogecoin is also perfect for microtransactions as the coin allows other users to send and receive small amounts with zero fees. The project can also be used as a speculative investment as the price is subject to frequent changes.

If you are looking for other things to do with Dogecoin, you will need a place to buy the currency. This is the easiest part as Binance and Kraken are the two ranked exchanges that both support Dogecoin. After you get the tokens, you could spend them and this is where things become a little more difficult but it is still possible. A while ago we saw Mastercard partnering with BitPay to launch a prepaid card and in order to use the card, you will need to fund a BitPay wallet with the supported cryptocurrency. Once that is done, you can use the card to spend the balance anyplace where Mastercard is accepted.

The company added much support for DOGE this March and in other words, the consumers can use the Shiba Inu currency to make purchases online or in stores worldwide. bitPay added much support for the Apple Wallet which means that you can store the card on your mobile device so if you want to use your phone to make a dOGE funded purchase, you can.