How to Buy Doggie Coins in Taiwan as They Skyrocket (DOGE)

How to Buy Dog Coins in Taiwan? About Dog Coins

What is Dogecoin?
Originally founded in 2013 by engineers Billy Markus and Jackson Palmer, Dogecoin began as a satire of the then-crazy cryptocurrency market. However, Dogecoin quickly gained popularity due to its humorous origins, social media influence, and positive community support. Unlike mainstream currencies such as Bitcoin, there is no fixed supply of DogCoin, making its price more susceptible to fluctuations in market demand.

Historical Prices of Dog Coins

Below is a look at the historical price fluctuations of the Dog Coin, including several key price peaks and troughs. These price movements are mostly driven by market demand and celebrity tweets.

The Star Effect: Trump and Musk's Influence

Musk's Influence

Musk, the founder of Tesla and SpaceX, is known for his support of the dog currency and has frequently "called" for it on social media. Musk once claimed that the dog currency could become "the future currency of the planet", a statement that caused the price of the dog currency to skyrocket in a short period of time in 2021.

Trump's attitude

In contrast, Trump has taken a more negative stance on cryptocurrencies, having publicly stated that cryptocurrencies threaten the status of the US dollar. Even though Trump has not directly mentioned the dogcurrency, his policy preferences have indirectly affected market volatility, especially after the 2022 policy to tighten regulation of cryptocurrencies.

Steps to Buy Dog Coins in Taiwan

Step 1: Choose the Right Trading Platform
In Taiwan, we recommend using OKX, a platform that supports Taiwan Dollar top-ups and offers a variety of trading pairs for novice users. UseMike's Exclusive Rebate LinkYou can also enjoy the 20% Trading Handling Fee Offer.

Step 2: Open an account and complete identity verification
According to Taiwan regulations, investors are required to complete a KYC identity verification. This is done by providing ID or passport information and is usually completed within a few minutes.

Step 3: Top up and complete the purchase
After confirming your identity, transfer funds to your trading account, which can be topped up with either Taiwan Dollars or other cryptocurrencies. Once the top-up is complete, you can choose to buy Dog Coins at market price or limit price.

Risks and Precautions of Buying Dog Coins

1. Market volatility
The price of dog coins can be volatile, especially during celebrity tweets or when policies are in effect, market sentiment is susceptible and investors need to remain calm.

2. Policy risk
The cryptocurrency market is still in the midst of regulatory adjustments, especially in Taiwan, and policy changes could have an impact on the market.

3. Platform options
It is especially important to choose a reliable trading platform to protect your funds.

How to Reduce Doggie Coin Handling Fees

• Use Mike's Rebate Link: Register with Euronext and use the rebate link to enjoy 20% fee waiver, reducing trading costs in the long run.
• Take advantage of platform promotionsMany platforms regularly offer no-fee campaigns or fee discounts for frequent traders.

Frequently Asked Questions

Q: Will the price of dog coins continue to rise?
A: Due to market demand and policy influence, it is difficult to predict the future trend of the dog currency price, and investors are advised to exercise good risk control.

Q: Is it legal to buy dog coins in Taiwan?
A: Cryptocurrency trading is permitted in Taiwan, but it is recommended to trade through a compliant platform and understand the relevant regulations.

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