How To Pick the Perfect Exchange Platform to Buy DOGE?


Wednesday, September 15, 2021/ 03:00PM / Sponsored Post by Julian Carter / Header Image Credit: CNBC


The global economy has embraced blockchain technology, and New Zealand is no exception to this trend. As cryptocurrencies like Dogecoin promise high returns, New Zealanders are looking for options to invest in this high-valued cryptocurrency.


The best way to buy a Dogecoin in the island country is to register yourself on a legal online exchange platform. Selecting a cryptocurrency service provider to invest in a new cryptocurrency token like DOGE is a challenging task.


You can use Swyftx to buy DOGE in New Zealand, which adheres to the Inland Revenue Department (IRD) laws in the country.

What is a DOGE?

DOGE is a decentralized cryptocurrency that has gained popularity as a legitimate investment option. It was created by software engineers Billy Markus and Jackson Palmer in 2013. As of 2021, dogecoins are among the top five cryptocurrencies circulating in the digital market.


Dogecoin transactions are faster compared to other types of cryptocurrencies with a faster blockchain mining process. Hence dogecoins are used for instant transactions, as you do not need to access a website to use the electronic currency.


You can use Swyftx to buy DOGE, which is a registered cryptocurrency exchange platform. Such websites offer a DOGE wallet to store your electronic money safely.

According to a recent report, more than 130 billion dogecoins in circulation in the cryptocurrency market.


What is an Electronic Exchange Platform for Cryptocurrency?

Before you select the best investment and trading platform for your blockchain-based currencies, it is vital to understand how an online exchange platform works.


Cryptocurrency exchange websites offer the best selling, buying, or trading options for different options like bitcoins and dogecoins.


It is a digital cash system where your digital money is stored securely with encryptions and safety algorithms. To buy a dogecoin in New Zealand and Australia, you should register on a legitimate online platform.


The basic steps involved in using an exchange website to buy DOGE:

  • Create an account with your details like name, contact number, and email address.
  • Provide a digital copy of government-authorized ID cards for instant verification.
  • Deposit funds into your crypto exchange wallet from your bank accounts.
  • Once your deposit is cleared, you can start using your dogecoins for online trading and buying digital assets in the blockchain.


Tips to Choose the Best Exchange Platform for Buying DOGE

Here are a few points that you should consider while selecting the best exchange platform to buy dogecoins.


Check the Security Level

In the digital world, fraudsters and hackers are becoming increasingly prevalent. You should check the security framework of the cryptocurrency exchange platform while choosing one.


Reputable trading websites use 2FA or multi-factor authentication to protect your data and digital currency. They also implement the JWT token system that uses optional signature and encryption methods to secure your digital wallets.

Some companies also offer cold storage wallets to keep your crypto safe for a longer time.


Check the Company Reputation

You can use Swyftx to buy DOGE in Australia, as it is registered under the Australian Securities & Investments Commission. Such companies follow strict KYC policies and transaction monitoring techniques within the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) program.


Checking the credentials of the exchange platform will help you to secure your crypto assets. These companies adhere to state-wise or country-wise rules and regulations.


Calculate and Compare the Fees

Most digital currency exchange websites do not charge fees for depositing or withdrawing dogecoins from your online wallets.


Some companies also offer discounts on high volume trading. Standard network mining fees are applicable for transferring digital currency over the blockchain network.


Check for User Interface and Functionalities

You can use Swyftx to buy DOGE, which has a customizable and user-friendly dashboard. You can select the best exchange platform that offers a demo mode for trading options. It helps you understand the methods without any financial risks.


You can look out for customer reviews and testimonials on cryptocurrency community forums to learn about the additional features. Advanced trading options include margin trading and particular order types.


It is best to choose an online exchange website that supports multiple currencies like USD, AUD, NZD, EUR, etc. Top-rated companies also provide easy transfer of money between different cryptocurrencies like Bitcoin, Litecoin, and DOGE.


Final Words

It is advisable to choose a platform that accepts multiple online payment options like credit and debit cards. You should select a website that offers low trading fees and spreads.

An ideal Australian exchange platform will offer real-time updates on prices, bundled trading view charts, combined order books for your digital transactions, and the best customer support.

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