Want to Invest but Don’t Know How to Buy Dogecoin?

How to Buy Dogecoin

Humorously, Dogecoin (DOGE) was initially founded in December 2013 by Billy Markus just as a joke. Before knowing How to Buy Dogecoin, you should know that Dogecoin was on the basis of the viral meme naming “doge”, which contained a Shiba Inu dog.

Presently, Dogecoin is not a matter of jokes. A few weeks back, the numerical asset flowed by 325%, the interchange at $0.05 per unit.

So, let’s now take a look at the brief details on Dogecoin, and understand how to buy Dogecoin (DOGE).

What Is Dogecoin?

Dogecoin is a reorganized, internet-based cryptocurrency that is comparable to Litecoin and Bitcoin. Funnily it was started as a matter of joke.

However now it has full-fledged into one of the furthermost widely dealt cryptocurrencies around the world with a marketplace capitalization of over $5 billion from January 2021.

Why Suddenly People Are Buying Dogecoin?

Dogecoin was not receiving as much attention as other cryptocurrencies like Ethereum and Bitcoin — until Elon Musk, the CEO of SpaceX shook up the realm of cryptocurrency by tweeting about his admiration for the digital asset in December of 2020.

Musk powered plenty of enthusiasm behind Dogecoin cryptocurrency with a short & simple tweet: “One word: Doge.”

On 4th Feb 2021, Musk used his Twitter impact to funding Dogecoin posting numerous tweets together with, “Dogecoin is the people’s crypto.”

Elon Musk also uploaded his own funny photo “Simba-ing” which is a Shiba Inu dog for the crowds as if he is Rafiki in “The Lion King.”

So, with Elon Musk’s support, the Dogecoin cryptocurrency program spread all over other social media platforms, together with TikTok and Twitter.

And that’s why all of a sudden people are buying Dogecoin. Although many of them don’t even know how to buy Dogecoin.

How to Buy Dogecoin Via Exchange?

You can buy and/or sell your Dogecoin with any other cryptocurrency or fiat currency that you can either own and/or use for buying in the future.

Purchasing Dogecoin may seem to be a little tricky for individuals who never purchased cryptocurrency before. Below, you will find step by step guide on how to buy Dogecoin via exchange.

Step-By-Step Guide on How to Buy Dogecoin:

Register at The Exchange of Your Choice

  • To register, simply click on the “Register” option given on the exchange page.
  • Fill out all the required details and complete your registration process.

Make A Deposit

  • Once registered, it is time for making a deposit.
  • Now simply click on the “Wallet” button
  • Then “Fiat and Spot” on the website.
  • Click on the “Deposit” option.
  • Now click on the deposit exchange you wish to utilize to send the USD to the currency.

Find Your “DOGE/USD” Pair

  • To find it, just click on the “DOGE/USDT” pair. (it is a stablecoin. Its price is fixed to the US dollar)
  • Then enter the sum you want to buy the Dogecoin
  • Lastly, tick the Market tab, and just click on the “Buy DOGE”.

NOTE:

To purchase Dogecoin via exchanges, you can simply follow the above-mentioned instructions. However, these exchanges will be somewhat dissimilar but these instructions will mostly apply to all of them.

Some of The Most Reputable Exchange for Buying Dogecoin:

  • Binance
  • Poloniex
  • YoBit
  • Exrates
  • Kraken
  • Livecoin
  • Coinbase
  • Bitfinex

Make certain to completely investigate these exchanging stages to see which one is best line up with your monetary objectives.

Furthermore, obviously, buy it at your own risk and with your extra funds only. Just invest extra cash that you can bear to lose.

At Solutiontales we make it easy to understand the throes of cryptocurrencies. Remember, a wise investor can make money in a bull or bear market when given the right data.