CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pros and Cons of buying (Dogecoin) DOGE?

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Pros

Instant transactions: DOGE transactions are very quick compared with bitcoin in particular. Confirmation takes less than one minute, which is really good for crypto fans.

Cheaper transaction fees: DOGE blockchain fees start at $0.0075, lower than Bitcoin and other cryptocurrencies.

Great for tipping: The low value of DOGE relative to other cryptocurrencies makes it ideal for producers of content. Bloggers, vloggers and other developers may simply include DOGE coins to

help their audience.

Community: DOGE can only have done it thus far because of the strong community behind it.

Merged mining with Litecoin: DOGE and Litecoin are combined to protect both blockchains.

Cons

Unrestricted supply: DOGE has an endless supply that presents an inflationary problem. In the future, this may trigger a steep increase in the value of the currency.

Unstable: Although all cryptos are generally volatile, DOGE is especially unstable and investment in the currency is much riskier.

Lethargic development: since its debut, DOGE has been in a slow period of development. The developers work part-time and not many people take it seriously throughout the coin’s history. DOGE may not cut it out in the crypto-scene without additional improvement.

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