Dogecoin is a cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke. They decided to name the coin after a popular meme of “doge” (featuring a Shiba Inu dog).
The future for Dogecoin does remain quite optimistic as it continues getting added to different trading platforms as mainstream digital currencies like Bitcoin continue rising in value.
So you’ve done your research and decided that you want to purchase Dogecoin, whether to enter the digital coin market or acquire some virtual money or add to your coin wallet and earn some interest. You’ll probably be wondering how to buy Dogecoin exactly. Here’s how to do so, step by step.
Before diving into Dogecoin, make sure you decide on a reasonable amount that you’re going to purchase.
To buy Dogecoin, you’ll need to open an account on a cryptocurrency exchange. This exchange is an online place where buyers and sellers meet to buy-and-sell cryptocurrencies. Some popular exchanges include Coinbase, Binance, and Kraken.
Before buying any crypto-currency or making trades, you’ll need to deposit some money in your account. Most exchanges will let you deposit money directly from a chequing or savings account. Some will accept wire transfers or PayPal transfers.