![]() ![]() While Dogecoin isn’t physical, you still need to keep it under “lock and key.” As with other cryptos, Dogecoin has a public key that allows it to be sold to or traded with anyone in the world.īut it also has a private key known only to the owner - that’s what needs to be guarded. Some platforms will let you place an immediate order at the current market price but will also let you place a price-dependent order - “buy when the price drops to this target.” 4) Store Your Dogecoin To do this, enter the amount of Dogecoin you want to buy and select when you want to purchase it. You’ll need to place a buy order on the platform to purchase Dogecoin. Money sitting in your account just sits there until you do something with it. ![]() Remember that funding your account isn’t the same thing as buying Dogecoin or any other crypto. Keep in mind that using a credit card could trigger fees on the amount advanced, depending on your credit card issuer. Others may allow you to use a credit card or a payment service to fund the account. For some, you can just transfer money from a linked bank account. Payment options for funding your account will vary from platform to platform. Next, you’ll need to fund your account so you can pay for any crypto you purchase. Provide any required information and make sure you’re clear on the platform’s fees and policies before you complete your account setup. How to Buy Dogecoin in 4 Simple Steps 1) Set up an Exchange AccountĬhoose a crypto platform and set up an account. This may add a layer of complexity, especially if you are buying Dogecoin for the first time. For centralized platforms, you can choose to let the exchange store it, or you may be able to transfer it to your personal wallet.įor decentralized exchanges, you are responsible for storing your crypto in a digital wallet. Some platforms even allow users to link payment services like Apple Pay or PayPal.įinally, when buying Dogecoin on either type of platform, you’ll need to decide how you want to secure your purchase. ![]() Payment methods that are typically offered include bank transfer (ACH), debit card, credit card, or wire transfer. Depending on the platform, you may have different methods available to fund your account. No matter which type of exchange you choose, you’ll need to establish an account and fund it with currency to buy your Dogecoin. Both types of platforms charge fees for transactions that take place on their platforms. At the end of a transaction, the crypto must be stored or held by the buyer. They simply connect individuals seeking to buy or sell crypto.ĭecentralized exchanges often use software like smart contracts to execute and complete transactions. For instance, platforms like Binance.US allows you to link a bank account to your account to make it easier to participate in the world of crypto.ĭecentralized exchanges are true to what the name implies: There is no centralized entity to facilitate, manage, and oversee transactions. Additionally, they may offer other attractive features like crypto staking and deposits and withdrawals to commonly used payment methods like debit cards and bank transfer (ACH). There are two main types of crypto platforms to choose from: centralized and decentralized.Ĭentralized platforms offer increased convenience and accessibility, allowing you to use local currencies like USD to buy Dogecoin. These platforms allow you to buy, sell, and store your Dogecoin. The simplest way to buy Dogecoin is to use a cryptocurrency exchange or platform, such as Binance.US. So, whether you want to acquire DOGE or spend it as a tip, how do you buy Dogecoin in the first place? Buying Dogecoin While Dogecoin can be purchased or traded, it’s also commonly used for online tipping. It relies on advanced cryptography algorithms to ensure the currency is nearly impossible to counterfeit, while the network itself remains resistant to hacking attempts. Like other cryptocurrencies, Dogecoin is based on a distributed network of computers. However, what began as a joke has evolved into a popular cryptocurrency.ĭogecoin has enjoyed some amazing increases in value, jumping over 200% in a matter of days in 2021, and has benefited from celebrity attention, most notably from Elon Musk. In fact, Dogecoin’s creators, software engineers Jackson Palmer and Billy Markus, created and named it as a reference to the early wave of cryptocurrency speculation in 2013. What Is Dogecoin?ĭogecoin is a specific type of cryptocurrency that originated from an Internet meme: a picture of a Shiba Inu. In this article, we will share what you should consider before adding Dogecoin to your wallet. ![]() Looking to buy, sell, and trade the world’s most popular memecoin? Launched as a cryptocurrency that doubled as an inside joke, Dogecoin (DOGE) has quickly become a popular cryptocurrency that attracts traders and speculators alike. Buy Dogecoin on the right crypto platform in four simple steps. ![]()
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