DOGE to BTC Swap

Overview

About Dogecoin (DOGE)

Dogecoin (DOGE) started in 2013 as a fun, playful version of serious cryptocurrencies like Bitcoin. Its name and logo, featuring a Shiba Inu dog, are based on an internet meme. Unlike Bitcoin, which has a limited supply, Dogecoin is made to be plentiful—10,000 new coins are made every minute, and there's no cap on how many can be made.

What is Dogecoin?

Dogecoin (DOGE) is a digital currency inspired by the famous "doge" internet meme, featuring a cute Shiba Inu dog. It was created in 2013 by Billy Markus and Jackson Palmer as a fun and easy-to-use alternative to Bitcoin, meant to appeal to a wider audience. Unlike Bitcoin, which is meant to be rare, Dogecoin is made to be plentiful—10,000 new coins are made every minute, and there's no limit to how many can be made. The creators wanted Dogecoin to be a friendly digital currency, summed up in its unofficial motto: "Do Only Good Everyday." Dogecoin uses blockchain technology, a system where transactions are recorded on a public ledger maintained by a network of computers. For a long time, Dogecoin was seen as a fun "memecoin" with a small following and not much value. But in 2021, its value skyrocketed, making it one of the biggest cryptocurrencies by market cap, even though each coin is worth just a few cents.

How does Dogecoin work?

Dogecoin uses a technology called blockchain, just like many other digital currencies. This blockchain is a decentralized system  where information is recorded on a public ledger maintained by a network of computers called nodes. Dogecoin has a block time of 1 minute, meaning that a new block is added to the blockchain roughly every minute. Additionally, the total supply of Dogecoin is uncapped, meaning that there's no limit to the number of Dogecoins that can be created over time.

About Bitcoin (BTC)

What Is The Value Of A Bitcoin?

 As of this writing, the market capitalization of  Bitcoin (BTC) is approximately $1.53 trillion, and its current price is $77,110.97.  Since its 2022 lows, Bitcoin has experienced a spectacular comeback and is now a well-liked choice for cryptocurrency investors.  It still has a big influence on the whole cryptocurrency market, which is affected by things like adoption rates, news about Bitcoin, technological advancements, and the status of the world economy.

Price and Technical Analysis of Bitcoin (BTC)

When predicting future trends, both technical and price analysis are crucial.  Most traders use a variety of technical indicators and price action analysis when making decisions about whether to buy or sell assets. 

They gain a priceless understanding of potential trends and market sentiments by analyzing historical price changes and market data.  They are able to make informed and calculated trading decisions thanks to these insights.  These strategies have developed into essential tools in the trader's toolbox, enabling them to navigate the dynamic and ever-changing landscape of financial markets with skill and assurance.

Bitcoin has a circulating supply of 19.84 million coins, a 24-hour trading volume of $77.14 billion, and a 14-day relative strength index (1 day) of 34.5.

When will your wallet be credited with Bitcoin?

After the exchange  is finished, we send Bitcoin right away, but the wait for the first confirmation varies depending on a number of factors:

commissions. The miner fee in our exchange is set to make the transaction one of the first.
The frequency at which blocks occur. Although the Bitcoin network's blocks typically appear every ten minutes, occasionally it takes an hour or longer for a new block to appear. The Commission might become irrelevant in this situation, and the transaction might take a little longer than anticipated.
How can I predict when the transaction will be confirmed?
You can estimate the time of transaction confirmation in a number of ways, but you must realise that it is impossible to determine with precision because a lot of factors influence how your transaction goes. For more information, see our article.

Depending on the fee you sent, you can see when your transaction enters a block by using the BitcoinFees Earn.com statistics collection service. This is the simplest method to determine when the network receives its first confirmation.

Another option is to use Explorer Blockchair.com, which shows the transaction priority. The first number indicates a transaction's position in the queue, and the second indicates the number of pending transactions (priority 1676/9495, for example). About 2500 transactions are included in each block; we can see that our transaction is 1676th in the queue and must therefore be completed in the following block.

It is crucial to remember that a new block must be created in order to increase the number of confirmations; blocks in Bitcoin can last anywhere from one to seventy-five minutes. On average, it takes ten minutes for a Bitcoin block to appear.

Read more about the Bitcoin network's confirmation time in our article.

When can I use the money I got?
You can get rid of the money you request for a personal Bitcoin wallet as soon as the network confirms it.
You will have to wait until the transaction has received the necessary number of confirmations if money is sent to an exchange or other services that require multiple confirmations.
In what ways does the Bitcoin network's confirmation rate rise?
They will only expand with newly mined blocks following the initial confirmation. The number of confirmations up to this point won't change if the next block isn't released for a while.