Robinhood Crypto Adds Support for Dogecoin Transfers
What is Dogecoin?
Launched in December 2013, Dogecoin is a peer-to-peer, decentralized cryptocurrency and open-source software that was created as a joke currency based on a popular Internet meme of a Shiba Inu dog. Its creators, Billy Markus and Jackson Palmer, have described Dogecoin as a "fun and friendly" internet currency, contrasting it with the "serious" Bitcoin.
Robinhood Crypto Supports DOGE Transfers
Robinhood Crypto announced on July 20, 2022 that it has added support for Dogecoin (DOGE) transfers. This means that Robinhood Crypto users can now send and receive DOGE from other wallets and exchanges. Robinhood also plans to roll out the ability to buy and sell DOGE "in the coming weeks."
How to Transfer DOGE to Robinhood Crypto
Here are the steps to initiate a transfer of Dogecoin to your Robinhood Crypto account:
- Open the Robinhood app, initiate a deposit, and select Dogecoin.
- Copy the provided Dogecoin wallet address.
- Initiate a withdrawal from a wallet or exchange with DOGE tokens.
- Paste the Robinhood wallet address as the destination and complete the withdrawal.
How to Transfer DOGE From Robinhood Crypto
To initiate a transfer of Dogecoin out of your Robinhood Crypto account:
- Open the Robinhood app, select the Dogecoin wallet, and tap "Withdraw."
- Enter the amount of DOGE you want to withdraw and the recipient's wallet address.
- Review and confirm the transaction details, and tap "Withdraw" again.
Conclusion
Robinhood Crypto's support for Dogecoin transfers is a significant development that will make it easier for users to buy, sell, and trade DOGE. This is a positive development for the Dogecoin community.