can you get cash for dogecoin

That’s especially the case since June when the company made the news for supporting this currency and also offered millions of coins to survey winners.

Excitement around Doge also increased when Elon Musk, the CEO of Tesla and SpaceX, began talking about the coin on Twitter.

Be sure to do proper research and consult independent experts before you join the wave. You may make a million dollars or you may lose your investment. Crypto is a medium where no one knows what’s ahead, making it hard to receive high-quality information.

FAQ: Dogecoin and the Coinbase Platform

What Is Dogecoin?

Dogecoin is one of the most popular and well-supported cryptocurrencies in the business medium today. You probably first read about the currency through a link from a social media post.

The cryptocurrency was created in 2013 as a joke and a meme.

Can you get cash for dogecoin

The short answer is: yes, a subscription to Coinbase Pro will allow you to buy Dogecoin on Coinbase, the crypto exchange. The currency isn’t available on Coinbase.com or their mobile apps, but it is available on the pro version of Coinbase.
Of course, the company can change that later if the price is right and a million investors in the market begin to support it.

If you’ve been following Dogecoin, Doge trading with Coinbase Pro is probably something you’ve been looking forward to. With that said, there are a couple of things you should know before you get your Doge trading underway.

Important Things To Know When You Want To Use Coinbase Pro To Buy Dogecoin

The first thing you should know is that this cryptocurrency is only available to trade with a Coinbase Pro account.

Can you make money mining dogecoin

To determine if buying Dogecoin is right for you, answer these four simple questions.

Why Do You Like Doge?

Whether Coinbase Pro is offering support for Doge or not, you need to know your reasons for liking Doge. Do you like it because it’s hot right now?

If yes, then that’s not a good reason to get Dogecoin whether you use Coinbase or not.

You don’t know what will happen in the future and you have to do a lot of research to make money with crypto.

What About Other Crypto?

Data suggests that Dogecoin is volatile when it comes to trading. Established digital currencies are less volatile, but still experience large value fluctuations.

The point is, Bitcoin has limited supply going for it.
Ethereum has smart contracts.

Can you get money for dogecoin

BitPay recently added support for Apple Wallet, meaning consumers can store their BitPay Card in their iPhone and fund Apple Pay purchases with crypto. In other words, if you want to use your smartphone to make Dogecoin-funded purchases, now you can.

There’s a downside to the BitPay Card, though.
It’s only available in the United States. Other crypto payment cards exist for consumers in Europe or Asia — for instance, the Mastercard-backed Wirex Card and Visa -backed Binance Card — but neither of these support Dogecoin.

Things you can’t do with Dogecoin

Coinbase is the most popular cryptocurrency exchange in the United States, and it became the first major crypto business to go public earlier this month. Notably, Coinbase has achieved market-leading scale, storing over 11% of all crypto assets in existence on its platform.

Can you withdraw cash from dogecoin

Cardano is more sustainable.

What does Dogecoin have apart from some memes and occasional hype? Make sure you give proper thought to other currencies and look at their data before you invest in Doge.

Are You Looking for a Serious Investment?

Do you plan to hold for a long period of time or a short time? What price do you want to purchase it and when are you ready to sell it? Make sure you know these details before jumping in.

How Do You Want to Purchase Doge?

Which platform or exchange do you want to use to start trading? Is Dogecoin supported on your favorite platform? There’s no point in dealing with a digital medium if no platform is ready to support it.

Conclusion

Coinbase has started to offer this digital currency and a lot of people are willing to trade it.

Can you get usd from dogecoin

The Sacramento Kings also accept crypto payments via BitPay.

ExpressVPN

Keep your browsing and internet usage secure away from prying eyes.

Ledger

Secure your Dogecoin (plus other crypto assets) with a hardware wallet from Ledger.

Namecheap

Use Dogecoin to pay for domain names, hosting and other web services.

Wrist Aficionado

Buy luxury watches and jewelry and pay with Dogecoin.

American Gold Exchange

Buy gold, silver and other precious metals with Dogecoin.

Twitch

Support your favorite streamers and entertainers by donating with Dogecoin

American Cancer Society

Donate to the American Cancer Society using your Dogecoin.

Related article: What Can You Buy with Crypto?

BitPay Card: The Best Way to Spend Dogecoin like Cash

The BitPay Card is the most flexible way to pay with Dogecoin.

Do you get paid for running a dogecoin node

The basic idea is to find somebody else who is willing to pay money to obtain dogecoin. This is difficult to do by yourself, so there is the idea of an “exchange” where people who are interested in buying and selling can find each other.

You would create an account on an exchange, send your freshly mined dogecoin to your exchange account, and then put them up for sale at some price.
Hopefully, another person who wants to buy dogecoin will meet your price. When the sale happens you would get some amount of dollars in your exchange account. Note that in order to sell your dogecoin, there must be another buyer who is willing to buy them.

Can i get cash for dogecoin

Support from major companies and high profile enthusiasts like Elon Musk help, too. With the help of crypto cards, P2P payments, gift cards and online shopping, you can use Dogecoin to buy practically anything these days.

How to Pay with Dogecoin

For those wondering how to use Dogecoin, there four easy ways to buy stuff and pay with Dogecoin.

  • Pay directly to merchants that accept Dogecoin online and in-person
  • Spend DOGE like cash using the BitPay Card
  • Buy gift cards with Dogecoin to use at Amazon, Walmart and other major companies
  • Send P2P Dogecoin payments through your crypto wallet

Related: How to Buy Dogecoin with Credit Card

Where Can I Spend Dogecoin? 11 Major Companies and Stores that Accept Dogecoin

Dogecoin accepted here! We’ve rounded up some of the most well-known companies that accept Dogecoin as payment.

How to get cash for dogecoin

Binance and Kraken — two of the top-ranked crypto exchanges, according to CoinMarketCap — both support Dogecoin, as do many others.

After you have tokens, you might want to spend them. This is where things get a little more difficult, but it’s still possible.

Last year, Mastercard partnered with BitPay to launch a prepaid crypto card.

In order to use the card, you’ll first to fund a BitPay Wallet with a supported cryptocurrency. Once this is done, you can use the BitPay Card to spend the balance anywhere Mastercard is accepted.

Notably, the company added support for Dogecoin this March. In other words, consumers can now use the Shiba Inu-inspired currency to make purchases online or in stores.

But wait, there’s more.

Can you make money with dogecoin

Use Dogecoin to buy stuff, dine, travel and pay for anything else you want. See all of merchants that accept Dogecoin and other cryptocurrencies in BitPay’s Merchant Directory.

Sling TV

Watch live sports, binge TV shows and enjoy classic movies with Sling TV.

Subscribers can pay with Dogecoin, along with other cryptocurrencies, when they sign up online.

airBaltic

Travel across the Baltics and Europe. Pay with Dogecoin.

Get food delivered straight to your door and pay with Dogecoin.

Dallas Mavericks

Buy Mavs tickets and merchandise with Dogecoin.

Can you make money off dogecoin

However, it doesn’t offer support for Dogecoin. That may seem trivial, but it actually matters a great deal.

Coinbase has a more stringent vetting processing than many exchanges. Users can only invest in 53 different cryptocurrencies and store roughly 90 crypto assets on the platform.

For reference, that’s less than 1% of the 7,500 crypto assets that exist today. Dogecoin’s absence underscores management’s lack of confidence in its long-term potential.

And given Coinbase’s scale, that’s a serious problem.

Likewise, fintech PayPal has partnered with crypto brokerage Paxos to bring support for digital currencies to the PayPal and Venmo mobile apps. More important, PayPal recently launched Checkout with Crypto, allowing consumers to fund purchases with cryptocurrency. Eventually, the company plans to support this service for all of its 29 million merchants.

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