How To Buy Dogecoin

This post will run through everything you need to know before buying Dogecoin and give you the steps to buy Dogecoin. Ready to learn more about this Shiba Inu-inspired coin? Let’s get right into it.

What is Dogecoin?

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).

Should You Even Buy Dogecoin?

With its solid performance in 2021 (and lots of media hype), Dogecoin may seem like a desirable option for investors looking to gain exposure to the cryptocurrency market and build wealth.

How To Buy Dogecoin:  Step by Step

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.

Decide on an Amount

Experts recommend that you don’t invest more than you can afford to lose regarding cryptocurrencies.

Pick a Cryptocurrency Exchange

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.

Choose a Payment Option

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.

Place a Dogecoin Order

Once your money has gone through and is sitting in your account, you can place an order for Dogecoin. You can search for Dogecoin via its name or by typing in its ticker: DOGE. Then, specify how many Dogecoins you want to buy (or what dollar amount you wish to pay), and your anonymous purchase of Dogecoin should go through.

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