This article will list all the Dogecoin DOGE interest account rates.
You will find out that YouHodler is giving the best Dogecoin DOGE interest rate for the moment.
In addition, we will list the pros and cons of YouHodler and why you might want to consider depositing DOGE coins to earn extra interest.
If you HODL more cryptocurrencies than only DOGE, you should visit our page listing all the best crypto interest APY rates for passive income.
No Financial Advice, Information only. Do your own research
Above there is a famous quote from Tesla CEO, Elon Musk, about the Dogecoin DOGE.
What is Dogecoin?
They created the cryptocurrency as a joke, making fun of the wild speculation in cryptocurrencies at the time. It was launched on December 6, 2013, in the middle of the 2nd bull run of Bitcoin´s cycles.
Dogecoin is considered a meme coin. A memecoin is a cryptocurrency associated with some theme, often as a joke rather than a severe product.
Dogecoin was the first memecoin because it was named after a famous dog on the Internet.
Dogecoin VS Shiba Inu
Lately, many memecoin created trying to be as successful as Dogecoin. The most successful has been the Shiba Inu SHIB token, released as an ERC-20 token on Ethereum. Read more about SHIB and how to earn Shiba Inu SHIB with the best interest rates and staking rewards.
Where to get the best Dogecoin DOGE interest rate?
You will get the best Dogecoin DOGE interest rate with a YouHodler account. YouHodler is a service offering exchange, loans, and interest accounts.
You see all the listed interest rates and accounts for Dogecoin DOGE in the table below.
Below the table, you can read more about these interest accounts.
Kucoin Lending - Best DOGE Interest Rates
Kucoin margin lending offers the best interest rates for Dogecoin DOGE. You can earn up to 16% APY on your DOGE holdings here. However, the interest rates are based on market conditions and can change fast. Therefore, you can easily see the current Kucoin margin lending rates for Dogecoin DOGE.
Kucoin margin lending is open for US customers.
Deposit Dogecoin DOGE to YouHodler to earn itnerest and passive income
With YouHodler, you can get the best Dogecoin DOGE interest rate. Here, you can get 3% APY on your DOGE coins.
YouHodler is a cryptocurrency platform offering interest accounts with a settlement period of 7 days. This yield is similar to many other interest platforms, like NEXO.
In addition, YouHodler is offering crypto loans and an exchange feature.
YouHodler Pros and Cons
Binance Dogecoin DOGE interest Rate
Binance Dogecoin DOGE interest rate is horrible, and it might not be worth depositing here.
Binance is the world’s largest crypto exchange with many great features and savings services.
For example, Binance has excellent interest rates for some cryptocurrencies. Read more about the best Polkadot DOT interest rates.
NEXO Dogecoin DOGE interest Account
NEXO is allowing you to earn among the best Dogecoin DOGE interest on your deposits.
You can earn up to 3% interest on DOGE deposits with NEXO.
This is how you receive 3% on your DOGE deposits at NEXO
To receive 3% interest on your Dogecoin, you have to:
- Become a NEXO Platinum Loyalty tier client. Hold 10% or more of your Portfolio Balance in NEXO Tokens.
- Earn your interest in NEXO Tokens for up to 2% additional interest.
Read more about the NEXO wallet review, loyalty levels, and best interest rates in 2022.
NEXO Pros and Cons
Dogecoin DOGE VS Bitcoin
Dogecoin DOGE is probably considered one of the riskiest total cryptocurrency investments.
- First of all, Dogecoin DOGE was created as a joke.
- Core developer Ross Nicoll left the project in early 2022
- The Dogecoin DOGE distribution is very centralized
- There is no maximum supply for Dogecoin DOGE
- Bitcoin is the oldest distributed, decentralized blockchain ledger
- Bitcoin did never get hacked
- Bitcoin is the most secure network due to its proof-of-work nature
- Bitcoin has the largest marketcap
- Bitcoin has a stable protocol with few upgrades
Read more about the best Bitcoin BTC interest rates APY.
Dogecoin DOGE interest Account Risks
As for any investment, Dogecoin DOGE interest accounts involves certain risks.
Most of the risks are between you and the interest account service provider since they offer you the service.
However, there can also be risks in the Dogecoin protocol. This is especially true for Dogecoin because there is not much development done for DOGE compared to other networks.
Some risks are
- A service provider can be hacked
- A service provider can run bad businesses and go bankrupt
- A service provider can be a scam or a Ponzi scheme
Read more about risks in our article about crypto risk management.
Should I earn interest on my Dogecoin DOGE?
Everyone must decide whether or not it’s worth taking risks to earn some reward.
In this article, we have discussed the rates and the potential risks.
Remember, learn proper crypto risk management, and don’t put all your eggs in the same basket.
What does this mean?
- You shouldn’t invest all your money into crypto
- You shouldn’t only invest in one crypto
- It would be best if you didn’t buy all your crypto at the same time
- You shouldn’t keep all your money(or crypto) in one place
Where to buy Dogecoin DOGE?
In the table below, you can find the best Dogecoin DOGE exchanges. As you can see in the table, Crypto.com offers a great welcome bonus of up to 500 CRO.
In addition, with Binance, you can get -20% off all fees Binance will ever charge you.
Kraken and Coinbase are also great crypto exchanges.
All crypto exchanges listed also offer interest in different cryptocurrencies. However, to see the best interest rates for Dogecoin DOGE, you must check the article’s first table.
Buy Dogecoin DOGE with Paypal
There are some alternatives if you want to buy Dogecoin DOGE with Paypal.
In general, it’s hard to find ways to buy crypto with Paypal since there are not many exchanges accepting Paypal as a deposit option.
Read more about all the options on how to buy Dogecoin DOGE with Paypal with no ID KYC.
Do I have to Pay tax on my DOGE intereest payouts?
Yes, you have to pay tax on your Dogecoin DOGE interest payouts. However, there is excellent crypto tax software to help you with this task.
We have used Koinly and Cointracking, where you connect the crypto tax software to your exchanges via an API. After this, the tax software import and calculate the taxes for you automatically.