Trade Republic: Crypto offer expanded
The most important thing shortly
- Now there is also Dogecoin (Doge) at Trade Republic: The broker thus enables the acquisition and sale of more than 50 cryptocurrencies, in addition to the wide range of shares, ETFs or derivatives.
- The manageable digital currencies also include coins such as Bitcoin or Ripple (XRP).
- Investors can invest in the popular cryptocurrency via the Berlin broker with full banking license without owning its own cold wallet.
Krypto-news von Trade Republic: With the introduction of Dogecoin (Doge), the Berlin broker is expanding its already extensive crypto range with a popular meme coin. This is now tradable in addition to classics such as Bitcoin, Ripple (XRP), Ethereum or Litecoin.
Dogecoin has developed from a humorous parody on Bitcoin into a serious digital currency. However, the trade in cryptocurrencies remains a high -volatile matter.
What makes Dogecoin special?
Dogecoin was originally launched as a joke in 2013, but quickly developed into a symbol of fun culture in the field of cryptocurrencies. The currency is based on a famous internet meme, especially in social networks. Dogecoin is now not only known for speculative investments, but has also found applications in everyday life, for example when paying products at Tesla (Elon Musk has long been a fan of Dogecoin, not only since Trump's re -election).
MINING: How is Dogecoin scrapped?
Dogecoin can be mined in a similar way to Bitcoin, either alone or in a so-called mining pool. In this procedure, users solve complex computing tasks to receive coins as a reward – a process known as “mining” or “digging”.
This is one of the essential differences between Dogecoin and Bitcoin: While Bitcoin mining there is a upper limit for the number of generic coins, the scrypt technology used for Dogecoin mining can be excavated unlimited. This means that there is no set overall offer for Dogecoin. However, this has an important consequence for investors: Dogecoin is inflationary – the more coins are mined, the more coins are in circulation. And with it the value of the individual coins can fall.
Dogecoin in the crypto ecosystem
Whether as an entertaining currency, as a tip for creative contributions to Reddit or to promote social projects-Dogecoin has conquered a special place in the crypto ecosystem. Because the associated community not only has a big heart for its digital currency, but is also committed to good purposes. For example, the community collected almost $ 30,000 to support the Jamaican Bobsteam in the Olympic Games.
Dogecoin at Trade Republic: Simply get into the trade
If you want to get into the Dogecoin trade, you will find numerous options on the market.
Trade Republic Recently also enables the purchase of Dogecoin.
The app is particularly clearly designed and the trade in cryptocurrencies is possible with just a few clicks.
Fee structure and use of the Trade Republic app
Trade Republic only raises a flat fee of one euro per transaction. In addition, a spread falls, the height of which can vary.
Die Account opening at Trade Republic Follows an uncomplicated procedure: New customers first fill out an application process and then legitimize themselves via video ident. After the first deposit, you can start. The acquired dogecoins and other cryptocurrencies are stored at the Bitgo Europe GmbH settlement.
However, if you buy cryptocurrencies via Trade Republic, you should be aware that Bitcoin and Co. cannot be paid out.
Buy Dogecoin at Trade Republic: a step by step instructions
No matter what type of Dogecoin system investors choose, the procedure is basically the same:
- Account opening: Investors need an account with Trade Republic. Verification is necessary for complete registration. This usually requires a photo ID, a proof of residential address and legitimization using a video ident.
- Deposit: Afterwards it is necessary to pay credit to a clearing account. With a simple SEPA transfer, this usually works free of charge. Some platforms also offer deposit options such as credit card or immediate transfer.
- Act Dogecoin: Depending on the platform, there are different trading views. However, most are structured in such a way that they are intuitively understood. Investors select Dogecoin and can determine how much you want to buy in the order mask.
- Conservation: Trade Republic takes care of the custody of Dogecoins. She takes over a special deposit, so investors do not have to worry about the safety of their digital assets.
Frequently asked questions about Dogecoin at Trade Republic
At Trade Republic, it is not possible to have Dogecoins paid out or transfer to an external wallet. The custody is taken over by a special deposit.
As with all cryptocurrencies, caution is also required at Dogecoin. The prices can fluctuate strongly. It is important to be clear about the risks of an investment in Dogecoin and only invest capital, the loss of which you can afford.
Investors can buy Dogecoin at Trade Republic at any time as long as you have enough credit on your clearing account. The app enables easy and quick purchases.
More about Trade Republic and Co.
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