Coinbase now supports Dogecoin | Bitcointalksearch.org

rijaljun

sr. member

Activity: 1274

Merit: 267

Quote from: Tipstar on May 02, 2019, 12:45:54 PM

Coinbase confirmed the next coin to be supported by it's wallet would be Dogecoin.
Now you can store Dogecoin on your coinbase mobile app. The support from coinbase has resulted in a sharp rise in price of Dogecoin in the last 24 hours.

Official announcement
https://blog.coinbase.com/announcing-dogecoin-doge-support-on-coinbase-wallet-5f1163be0493

Market response
https://ambcrypto.com/dogecoin-doge-receives-wallet-support-on-coinbase-notes-17-hike-since-jan-2019/

I think every exchange should support doge coin trading as this is the only coin that will never die, beside Bitcoin. Everyone always love doge, they use doge whether for fun or for option to move some funds to other exchange.

xsantana

full member

Activity: 680

Merit: 101

the good news of coinbase has included dogecoin. even though the coin is not very interested in the circle.
and hopefully in the future coin coins will be added to be able to compete in the marketcap

Cosbycoin

hero member

Activity: 980

Merit: 506

Quote from: MadGamer on May 02, 2019, 12:54:38 PM

I understand that Bitcoin is the gold and Litecoin is the silver but what is Dogecoin really? I mean it started as a joke and yet people are using it even though the development is pretty much dead and seeing services starting to support it now make me question their credibility or even their sanity...

As for the market response then I honestly can't see anything. If you see the charts in CoinMarketCap for example and compare it with the time Coinbase did the announcement, there has been basically no significant changes, anything before Coinbase's announcement should not be considered as any type of "response".

I agree with you that the dogecoin is more like a joke because it was just created for fun, but one thing you should check in a coin to know if there is going to be an increase in price or not is the market volume, since dogecoin was one of the first coin in existence, it has a large market volume and that way, whales will be very much interested in buying so much of the coin in order for them to make profit in a future date.

jacafbiz

hero member

Activity: 2128

Merit: 530

PredX - AI-Powered Prediction Market

Kudos to Dogecoin and its community, what I like about Dogecoin is that the team never promise any fancy thing and do not promise to change the world, it started as a joke and as remain a joke, the issue now is Coinbase, to me it seems they are just desperate to list any token/coin with volume and through away all other factors.

Chikito

legendary

Activity: 2366

Merit: 2054

coinbase need a big and strong community to released their base one. they have good choise when selected dogecoin, because doge have all that coinbase want. i thing this good one for get new user and their market volume

udidrone

sr. member

Activity: 2114

Merit: 268

Leading Crypto Sports Betting & Casino Platform

Will be good then, because there are a lot of coins already in coinbase, and why not they put up old coin that already famous. Maybe with that will help people to use that wallet. Because we can save Bitcoin, Ethereum and Dogecoin in same place.

tsaroz

legendary

Activity: 3094

Merit: 1069

DGbet.fun - Crypto Sportsbook

Quote from: Tipstar on May 02, 2019, 12:45:54 PM

Coinbase confirmed the next coin to be supported by it's wallet would be Dogecoin.
Now you can store Dogecoin on your coinbase mobile app. The support from coinbase has resulted in a sharp rise in price of Dogecoin in the last 24 hours.

Official announcement
https://blog.coinbase.com/announcing-dogecoin-doge-support-on-coinbase-wallet-5f1163be0493

Market response
https://ambcrypto.com/dogecoin-doge-receives-wallet-support-on-coinbase-notes-17-hike-since-jan-2019/

One of the best thing about dogecoin is it's ease of use. You just don't have to deal with decimals and the transaction fees mostly are of just one dogecoin. Though I'd never use it as a hodling currency or an investment but Dogecoin is a useful tool for crypto users.

terrific

hero member

Activity: 2324

Merit: 513

Catalog Websites

Quote from: sabine80 on May 02, 2019, 01:00:45 PM

i never thought that a coin like dogecoin would support from coinbase. that is certainly good for dogecoin, but lets me doubt a little bit about coinbase. Cheesy

With a volume of $35M daily, they can't ignore it.
But there will be another coins developer that might be jealous of this act by coinbase.
I don't want to mention the name of that coin. Tongue

go4crypto

sr. member

Activity: 798

Merit: 263

This news has not pumped price much but still good to see coinbase add support for this popular coin. Dogecoin is already traded on most of the big and small exchanges.

Wittny

jr. member

Activity: 184

Merit: 1

This is indeed a good news for all dogecoin holders, coinbase now supporting dogecoin will be of great help for the coin in the nearest future.

chaoscoinz

sr. member

Activity: 1150

Merit: 260

☆Gaget-Pack☆

Quote from: Tipstar on May 02, 2019, 12:45:54 PM

Coinbase confirmed the next coin to be supported by it's wallet would be Dogecoin.
Now you can store Dogecoin on your coinbase mobile app. The support from coinbase has resulted in a sharp rise in price of Dogecoin in the last 24 hours.

Official announcement
https://blog.coinbase.com/announcing-dogecoin-doge-support-on-coinbase-wallet-5f1163be0493

Market response
https://ambcrypto.com/dogecoin-doge-receives-wallet-support-on-coinbase-notes-17-hike-since-jan-2019/

This is truly exciting news, as it proves that with patience, perseverance, and Due diligence, you can make smooth and steady progress gradually. Coinbase has come along way from 3-4 business days for deposits and withdrawals.
Exciting times to be in, being at the cusp of innovation and all!

whyrqa

full member

Activity: 1093

Merit: 103

Now almost top wallet is Coinbase and where bbCoinbase will start support dogecoin, for future marketing coinbase will help dogecoin to pump pice. Dogecoin has high high trading volume but another listing news dogecoin. I checked their official announcement

vgk88

full member

Activity: 728

Merit: 130

I think this is great news. Dogecoin is an old coin and many users use it. Dogecoin has a good popularity in the crypto community.

bigcash2011

sr. member

Activity: 1442

Merit: 265

I do not think coinbase listing news now results in massive pumps like it used to do in early days, now we just see minimal effect on listing news which is good and sign of market maturing, dogecoin being a longstanding coin should have been considered earlier but looks like due to its funny or meme side it was delayed.

nikola22

full member

Activity: 1316

Merit: 105

Coinbase does just right to demand the requests of the users. Dogecoin is a popular coin and many people use it as a transfer cryptocurrency.

webtricks

legendary

Activity: 1918

Merit: 1728

Quote from: MadGamer on May 02, 2019, 12:54:38 PM

I understand that Bitcoin is the gold and Litecoin is the silver but what is Dogecoin really? I mean it started as a joke and yet people are using it even though the development is pretty much dead and seeing services starting to support it now make me question their credibility or even their sanity...

Most of the gambling sites love to add Dogecoin as playing currency. The main reason being the simplification. One of the major issue for beginners while using cryptocurrencies is decimals. Sending money in crypto is difficult for small amounts. For example, if I have to send $10 in BTC, it would be 0.002 BTC. People like us are now used to BTC and we may not find it much difficult but for new users and beginners using zero after decimals can be quite tricky. Dogecoin solves this problem. Most of the wallets use standard fees of 1 or 2 DOGE per transaction. This ease the sending/receiving process. Moreover, most of the platforms don't use decimals for DOGE. When using crypto in whole numbers, usage automatically become easy.
I personally prefer DOGE for gambling. It is also preferred coin for/by micro earners. DOGE is one of my favorite cryptocurrency and being the supporter of DOGE, it is really nice to see it getting listed on such a big exchange.

mindrust

legendary

Activity: 3276

Merit: 2442

Doge urges you to pass the coins to someone else before it blows up in your hands just like the FIAT currency. It is not a store of value but it is pretty liquid and it has its own fan base. I don't like Coinbase at all but I liked their decision.

I use doge whenever it is possible when I need to move coins between exchanges. More doge adoption is always good.

||bit

hero member

Activity: 924

Merit: 506

Coinbase can be the hardest exchange for a coin to list. And Dogecoin did achieve that. If you think how they started (joke) it is a great accomplishment.

Adriano2010

hero member

Activity: 1414

Merit: 516

This is a good news, i hope they will also add Dogecoin on pro coinbase for trading, or they just add it only to store on app? I use coinbase sometimes and until now for my needs is very ok.

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

Quote from: MadGamer on May 02, 2019, 12:54:38 PM

I understand that Bitcoin is the gold and Litecoin is the silver

I don't buy that anymore, not since the deluge of coins coming to market in the past few years. Litecoin is still popular, yes, but calling it silver to bitcoin's gold is basically saying it's the #2 coin. Just glancing at Coinmarketcap, it's #5 and I don't think it's anywhere near as popular as a coin like ETH and some of the others. What you said may have been true at one point, but not anymore.

Quote from: MadGamer on May 02, 2019, 12:54:38 PM

I mean it started as a joke and yet people are using it even though the development is pretty much dead and seeing services starting to support it now make me question their credibility or even their sanity...

Dogecoin has utility as a currency, probably even more so than bitcoin. The transaction fees are much lower and confirmation times are faster. Yeah, it is a joke coin but it does have a hardcore community even if there's no more development going on. It could stay just like it is and continue to be useful to buy and sell stuff with.

All that aside, I'm kinda puzzled as to why Coinbase would add dogecoin. Hell, even Binance doesn't list it (and that's always baffled me). And given how much it's used for gambling, you'd think Coinbase would want to distance itself from it. If I'm not mistaken, you can get your account closed if any funds going out of Coinbase are used in online casinos. Who knows what they were thinking--but I think it's a cool step forward for doge.

Topic: Coinbase now supports Dogecoin (Read 250 times)