Best Methods On How to Earn Dogecoin Fast

How Can I Get Dogecoin? 

Last Updated October 28th 2021
7 Min Read

When the value of Dogecoin surpassed the expectations of experts and cruised to more than 70 cents a coin, the perception of the meme-inspired currency which was considered a joke changed. After returning 3,200% in 2021, many novice and experienced investors have been considering adding Dogecoin to their portfolios. Because of the relatively low price of DOGE, it can be afforded by everyone, and not only a significant few with huge sums of money to spare.

How Can I Earn Dogecoin Fast?

Below we've listed the best methods on how to earn Dogecoin very fast.

1. Get Paid in Dogecoin

2. Lending Dogecoin for Profits 

3. Earn Dogecoin through promotions

4. Earn Dogecoin Through Mining

5. Dogecoin Trading 

6. Get Dogecoin From Online Payment Systems

7. Get Dogecoin From Games And Gambling Sites

 

Why Dogecoin?

Before jumping straight into the best methods of how to earn Dogecoins fast, it would be in your interest to get to know what Dogecoin is. More essentially, you should know the protocol and the benefits of being a Dogecoin holder. 

Dogecoin as a protocol is a decentralized peer-to-peer network that enables you to send and receive money quickly and cheaply without the aid of traditional banks. Started as a joke, software developers Billy Markus and Jackson Palmer founded Dogecoin in 2013. 

Here are some of the benefits to expect as a Dogecoin holder. 

  • Dogecoin processes more transactions than Bitcoin and Ethereum. Because of this, its protocol presents owners with a cheap and fast way of sending money to all parts of the world. 
  • Owning Dogecoin means that you become a part of one of the most vibrant communities in the space that decides on the future of the project. You help decide on issues such as petitioning exchanges to list DOGE, alerting online stores to consider DOGE as an option of payment, and help in advancing the protocol so that it can meet the needs and demands of its fans. 
  • Dogecoin has made millionaires of hundreds of people. With its popularity and demand, investing in Dogecoin can bring you huge returns on investments in the long term. 
  • Dogecoin’s protocol is less susceptible to hacking; therefore, you can save your funds on the protocol without worrying about cyber security breaches.

Now that you know the essentials Dogecoin provides you, let us look at the top methods you can employ to earn Dogecoins quickly.

Don't Miss: Pros and Cons of Investing in Dogecoin

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What Are The Best Methods On How to Earn Dogecoin Fast?

1. Get Paid in Dogecoin

One of the easiest and fast ways to earn Dogecoin is to get paid in DOGE. It doesn’t matter the kind of work you find yourself in, due to the changing landscape of work, there are numerous ways to receive payment. Fortunately, one of the ways to get payments in a fast and private manner is through Dogecoin. 

Because of the pandemic and its effect on the global population, 1000s of companies have started paying their workers via the cryptocurrency of their choice. Since digital coins provide passive income to thousands of people, many singers, engineers, designers, online marketers, freelance accountants, writers, and auditors use their salaries to experiment with the possibilities of digital investments.

Since Dogecoin is a peer-to-peer coin, it requires the two parties (the giver and receiver) to be present on the Dogecoin network. Dogecoin in its inception was used to tip people online. Currently, there aren’t websites that give people the chance to work and take their salaries via Dogecoin. 

Instead, you can find work on freelance marketplaces and ask your employer to pay you via Dogecoin through your preferred crypto wallet.

2. Lending Dogecoin for Profits 

For those who already have some Dogecoins, it is possible to earn interest on your tokens by staking your coins on Cointiply and Stakecube

Cointiply allows you to earn Dogecoins by taking surveys, view ads, and play games. All you have to do is to register for an account by entering your email address and verifying it. You can request support on how to take more surveys through a chat feature. Cointiply also offers daily and loyalty bonuses. Aside from Dogecoin, Bitcoin is the other token Cointiply supports. 

Stakecube is a predominant crypto ecosystem that comprises an integrated exchange, on-board crypto mining, masternodes hosting, and a powerful compounding interest system. It supports 4 high market cap coins including Dogecoin. By staking your DOGE holdings, you can earn up to 12% interest per annum.

Aside from these, you can use Dogecoin on Ethereum. But Dogecoin and Ethereum are two different coins on two different protocols?

Wrapped Coins are ERC20 tokens that are compatible with the Ethereum ecosystem. Wrapped + Dogecoin equals WrappedDOGE. This can access decentralized applications on Ethereum. Therefore, you can swap your WrappedDOGE for other coins such as Ether (ETH), AAVE, COMP, and UNI and become a liquidity provider while earning rewards in the form of interests.

While these websites or ways provide great methods on how to earn Dogecoins fast, you need to conduct independent research and read reviews about them. 

Since the cryptocurrency space is unregulated, it would be impossible for you to hold operators of these sites accountable if a problem arises.

3. Earn Dogecoin through promotions

You can get Dogecoins through promotions.

Promoting products for a commission is what is termed an affiliate program. In this case, you perform certain tasks for businesses that pay commissions in Dogecoin. 

The activities performed include taking online surveys and solving certain captchas. Going through different websites and content means you interact with 1000s of advertisements that make it possible for money to be made by interested parties. 

The online platforms that will give you the chance to earn Doge are called Faucet websites. You can visit Free-doge, Contiply, Firefaucet, Faucetcrypto, Stakecube, Luckyfish, Althub, Allcoins, Wolfbet, and Esfaucet.   

Since there are billions of DOGE available, there is a huge chance that you can make thousands of tokens through this affiliate program.

4. Earn Dogecoins Through Mining

Dogecoin Mining is one of the legitimate methods of how to earn Dogecoins fast. Mining plays an integral role in the cryptocurrency world. It helps in the release of new coins, confirmation of transactions, and as well generation of new blocks.

Dogecoin was created to poke fun at Bitcoin. Therefore, it mirrors Bitcoin in every way. As a result, Dogecoin is built on the same proof-of-work (POW) algorithm employed by Bitcoin. 

There are two secured ways of becoming a Dogecoin Miner. 

You can purchase the needed equipment. These are high-performance computer hardware that consumes high levels of energy.  

You can also join mining pools. Stakecube.net provides an essential feature called MineCube. You can deposit funds in the form of the novel coin of Stakecube, $SCC to help you become a part of the miners. You can then earn daily rewards for DOGE from the operations of the mining pool. You’d receive low fees and daily payouts.

Either of the two ways can help you earn thousands of Dogecoins.

5. Dogecoin Trading 

Dogecoin trading is the fastest and most popular way of earning more DOGE coins.

This is the recommended method of earning Dogecoins and other coins ever since digital coins became tradable tokens. Cryptocurrency exchanges provide high-performance platforms that help you buy and sell assets including Dogecoin. 

Although you can set up an exchange account within minutes and buy DOGE, you should try and understand the primary drivers of the token and the various factors that can be detrimental to its growth. After that, you have to go through the pros and cons of exchanges before you settle on a particular platform that can safely and securely hold your Dogecoins. 

For beginners, we normally recommend regulated cryptocurrency exchanges that list Dogecoin such as eToro, Coinbase, and Binance. Experienced traders can also patronize decentralized exchange, Unsiwap.

Note that investing in Dogecoin and other altcoins is risky. Risk what you can afford to lose.

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6. Get Dogecoin From Online Payment Systems 

In July 2021, Paysafe, the financial service company behind Skrill expanded its cryptocurrency wallet list. Among the newly added coins was Dogecoin. You can earn Dogecoin by creating an account on Skrill. 

Check Out: Why We Think Dogecoin Could Be The Next Big Thing

7. Get Dogecoin From Games And Gambling Sites 

This is one of the fastest-growing methods on how to earn Dogecoins fast. You can earn Dogecoin on games/gambling sites such as Primedice, Stake, Duckdice, Faucetpay, and Paradice among others. 

Do an extensive study of these websites and choose the games that can help you earn more Dogecoins. 

Although games/gambling is one of the ways to get Dogecoins, it is a very risky choice. Those platforms were also created to get money so you have a 50% chance of making earnings and a 50% chance of suffering irrecoverable losses.

The Final Take 

Everything that has a link to cryptocurrency is risky. You should not base your decisions solely on the contents found in the article. As an e-learning organization, it is our responsibility to inform you about the best methods on how to earn Dogecoin tokens fast, but it is left to you to be cautious with your hard-earned money. 

Many analysts believe that exchanges provide the right method to earn Dogecoin, but it would be in your interest to experiment with virtual funds before depositing real funds from your credit/debit card, online wallet, or bank account. 

For every exchange, you choose, try and understand how they operate, the kind of payment methods they accept, and the fees involved in processing Dogecoin transactions. 

This will help free you from any scams in the short and long term. 

eToro – Best Exchange to Buy Dogecoin

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

Read More:

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