We found 11 online brokers that are appropriate for Trading Dogecoin Investment Platforms.
Dogecoin and Litecoin are the two of the most popular altcoins on the financial markets. The two are considered as prominent competitors to Bitcoin, the first cryptocurrency to ever be launched back in 2009. Since the creation of Bitcoin, thousands of variants have emerged, yet not all are as successful or famous. Having said this, some major altcoins are still doing well in the markets with respect to their value, market capitalisation, and popularity. Dogecoin and Litecoin are two such non-Bitcoin cryptocurrencies riding this growth wave.
In this article, titled 'Dogecoin vs Litecoin', we will discuss the similarities and differences between these two cryptos in order to help readers understand which is better when it comes to making an investment during the current coronavirus pandemic.
Software engineer duo, Jackson Palmer and Billy Markus, developed Dogecoin as a way to create a unique payment system that would be free from the fees associated with traditional banking. They never imagined their creation may emerge as a serious currency and become one of the most sought-after altcoins among cryptocurrency investors.
Dogecoin was launched in December 2013 and within a couple of days it managed to develop an exclusive online community. Currently, its market capitalisation is at $5,382,875,000.
Its popularity was kickstarted when it experienced its first valuation jump of around 300 percent within 72 hours on 9th December. Its value rose from $0.00026 to $0.00095, but tater, in the same month, the Dogewallet suffered its first hacking attack and millions of coins were stolen.
Litecoin was introduced in October 2011, about two years before Dogecoin was created, and as a Bitcoin spinoff. In fact, it is almost identical to Bitcoin. It experienced a 100 percent jump within a day of being introduced to the markets in November 2013.
Both Dogecoin and Litecoin act as competitors to Bitcoin and are considered as two of the leading altcoins in the industry. It is expected both might soon take the virtual world by storm, as each poses its own revolutionary financial structure.
Both these cryptos have similar digital structures and are supplied via decentralised networks. Additionally, both are based on the blockchain technology of Bitcoin. These are the primary similarities.
Both currencies are safe for users as they follow an end-to-end encryption method which is digitally secure. Both allow its users to facilitate peer-to-peer transactions across the world without the need of any regulation or government intervention. The two even possess the potential to be used in retail markets for consumers to buy goods.
Aside from these main similarities, the two cryptos offer fast transaction speeds, quicker than that of Bitcoin. Moreover, the two are widely accepted by cryptocurrency exchanges globally.
Even though the two cryptos have a lot of similarities, there are some differences too. Below are the most significant ones:
With respect to market capitalisation the two cryptos are very different. Litecoin has a market cap of $2.7 billion, while that of Dogecoin is around just $350 million. This is most likely due to the earlier launch of Litecoin.
Dogecoin offers affordable and unlimited access to its coins, and this is not the case with Litecoin. The maximum number of Litecoin in circulation is capped at 84 million coins. Miners are unable to go beyond this limit, but in the case of Dogecoin, miners are almost unlimited in the number they can produce.
The transaction speed of Dogecoin is faster than that of Litecoin. A Dogecoin transaction can take place within one minute. On the other hand, the transaction time of Litecoin is around 2.5 minutes.
Bitcoin has dominated the cryptocurrency market since it was launched in 2009, and after more than a decade of trading and amid thousands of variants, it is still the leader of the sector. Dogecoin and Litecoin are very similar to Bitcoin, and considered as its main competitors. These two coins have immense potential to grow at a rapid speed in the coming years.
Lately, amid the coronavirus pandemic, the cryptocurrency market is booming at a time when other financial markets are showing negative growth. Investors are looking for an alternative to equities, commodities, and other such products. Gold is considered a safe haven for some, while many are now turning towards Bitcoin, Litecoin, Dogecoin, etc. to obtain better financial returns.
However, even though the cryptocurrency market is showing significant upward growth, it should not be forgotten that it is also highly volatile. The risk level associated with trading cryptocurrencies is extremely high when compared to other financial products. Beginners are advised to first understand what cryptocurrencies are and which of them are the best performing before jumping into trading them. Experts suggest starting with a demo account as these come with virtual funds for beginners to use and offers real exposure to the trading and market as a whole.
We have conducted extensive research and analysis on over multiple data points on Dogecoin vs Litecoin to present you with a comprehensive guide that can help you find the most suitable Dogecoin vs Litecoin. Below we shortlist what we think are the best Dogecoin Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Dogecoin vs Litecoin.
Selecting a reliable and reputable online Dogecoin Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Dogecoin Investment Platforms more confidently.
Selecting the right online Dogecoin Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Dogecoin Investment Platforms trading, it's essential to compare the different options available to you. Our Dogecoin Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Dogecoin Investment Platforms broker that best suits your needs and preferences for Dogecoin Investment Platforms. Our Dogecoin Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Dogecoin Investment Platforms.
Compare Dogecoin Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Dogecoin Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Dogecoin Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Dogecoin Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Dogecoin Investment Platforms that accept Dogecoin Investment Platforms clients.
Broker | IC Markets | eToro | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx | FXPro | Admiral | ThinkMarkets |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) |
Min Deposit | 200 | 100 | 200 | 100 | 100 | 1 | 100 | 1 | 100 | 200 | No minimum deposit |
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Used By | 180,000+ | 30,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ | 10,000+ | 500,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
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IC Markets Demo |
eToro Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
Excluded Countries | US, IR, CA, NZ, JP | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
You can compare Dogecoin Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Dogecoin Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Dogecoin Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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