The quickest and easiest way to buy Dogecoin is on an Australian crypto exchange like [Cointree](/home/). You can sign up in minutes and as your deposit clears instantly with AUD you can buy Dogecoin in no time. All you need is your ID documents and you're ready to sign up and begin your crypto journey with Dogecoin.

Quickly and easily buy Dogecoin on Cointree's Australian cryptocurrency exchange. All you need to do is sign up and deposit AUD into your account, decide how much Dogecoin you would like to purchase, and confirm your purchase. You'll instantly receive your Dogecoin in your free multi-coin wallet.

The easiest place to store your Dogecoin is on your free multi-coin wallet, which you automatically receive when you create an account with Cointree. We recommend that you use two factor authentication to help keep your account secure. You can also store your Dogecoin on a private wallet, such as the Ledger hardware wallet.

[Internet currency](/learn/learn-the-difference-between-cryptocurrencies/) like Dogecoin is money that you can spend on the world wide web. You can send it to anyone else on the Dogecoin network and receive it from them too. It creates a peer-to-peer form of currency that doesn't rely on a central authority like a bank.

Some investors choose to hold Dogecoin over the long term as they believe it will rise in value, while others choose to trade it and take advantage of movements in the price. Since its inception, the Dogecoin price has risen dramatically and made many early investors wealthy. However, price movements have been volatile at times and many traders have found the market more advantageous. As always, historical performance does not guarantee future performance and if you want to know whether you should hold or trade the cryptocurrency, you should seek financial advice from a licensed financial professional.

The Dogecoin blockchain is based on Litecoin, another [cryptocurrency](/trade/cryptocurrencies/). It uses Auxiliary Proof-of-Work (AuxPoW) which lets miners mine multiple cryptocurrencies at once. This means that Litecoin miners can mine Dogecoin without any extra cost, making it more energy efficient than other proof-of-work blockchains. When you buy Dogecoin you can store it in a Dogecoin wallet, such as the one provided for free by Cointree. You can then trade it with other digital currencies, spend Dogecoin at companies accepting Dogecoin, or hold it as a long term investment. All DOGE balances and transactions are recorded on the Dogecoin blockchain so that everyone agrees on who owns which Dogecoin. Furthermore, the Dogecoin community has a long history of philanthropy and micro-tipping. They have given money to send the Jamaican bobsled team to the Olympic Games, to build a well in the Tana river basin in Kenya, and to sponsor a Nascar driver. Micro-tipping lets DOGE holders send small tips to others that wouldn't be possible in government fiat currencies. Ultimately, these selfless actions from the DOGE community have helped grow the community further and demonstrate that the community has been an important part of the growth of DOGE. ###