No, Dogecoin isn’t a scam. It is a legal cryptocurrency, so its value is derived from user adoption and utility. However, when investing in cryptocurrencies, you need to be careful. Yes, there is maybe room for Dogecoin to grow, or there is a chance that the Dogecoin price may fall. Can I get Dogecoin for free? Before we dive into the best cryptocurrency exchanges for buying Dogecoin, it's important to point out the app we don't recommend for purchasing DOGE: Robinhood. The reason we discourage crypto investors from purchasing digital assets from Robinhood is because it does not give you the private keys to your crypto.
To purchase Dogecoin, you’ll need to open an account with a cryptocurrency exchange, where buyers and sellers meet to exchange cryptocurrency for dollars. Popular exchanges include Coinbase and Kraken, which offer simple, easy-to-use platforms. You can also purchase crypto using beginner-friendly investment apps like Robinhood. What is Dogecoin, and how does the popular meme coin work? As of this writing, Dogecoin has a circulating supply of nearly 133 billion coins. At $10 per coin, Dogecoin would have a market capitalization of over 1.3 trillion dollars, more than the market cap for the entire crypto market. In the short term, a move to $10 is unlikely.