How To Buy Dogecoin in 2022

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).

For many years the value of the coin remained relatively flat, and there was no significant growth. However, in 2021, Dogecoin gained a considerable following and its market cap shot up to $36 billion.

You’ll probably be wondering how to buy Dogecoin exactly. Here’s how to do so, step by step.

How To Buy Dogecoin: Step by Step

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

Decide on an Amount

1

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.

Pick a Cryptocurrency Exchange

2

Most exchanges will let you deposit money directly from a chequing or savings account. Some will accept wire transfers or PayPal transfers.

Choose a Payment Option

3

You can search for Dogecoin via its name or by typing in its ticker: DOGE. Then, specify how many Dogecoins you want to buy, and your anonymous purchase of Dogecoin should go through.

Place a Dogecoin Order

4

Most systems work on an instant exchange meaning that you’ll receive the coins when you place the order. Like other assets that aren’t centralized, you can buy Dogecoin 24/7.

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