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Wednesday, December 1, 2021

How to Buy Dogecoin


Even though Dogecoin started out as a joke back in 2013 it quickly gained a lot of traction and a loyal community. Hi, I’m Nate Martin and were going to go over how to buy Dogecoin in today’s 2 minutes tutorial. Buying Dogecoin can be broken down into 3 simple steps: Get a wallet, locate your Dogecoin address and find an exchange that sells Dogecoin.

Depending on the amount of Dogecoins you’re planning to buy, you can choose to store it on either a hardware wallet or a software wallet. If you’re buying a small amount of crypto, then a free software wallet that can be downloaded to your mobile phone or computer will do. Exodus is a great software wallet that is easy to use for beginners.

If, on the other hand, you’re planning on accumulating larger amounts, it’s safer to store it on a dedicated device known as a hardware wallet. Our recommendation for a hardware wallet would be either the Ledger Nano X or the TREZOR Model T, both are reputable wallets which can store multiple cryptocurrencies alongside Doge.

Once you’ve set up your wallet, make sure to find your Dogecoin address, which will be used whenever you want to send Doge to your wallet. It is a long string of letters and numbers that starts with a capital D followed by a number or another capital letter. Finally, its time to find a place to buy Doge.

Even though Dogecoin has been on the market since 2013 it still isn’t available on many of the major exchanges. The best option for buying your Doge using a credit or debit card would be Binance or Kraken.

Both exchanges support many countries worldwide, have a good reputation and supply an instant buying option which is beginner-friendly, just look for the buy crypto tab on their navigation bar.

If you’re an advanced trader, you can use the exchanges trading platform and save a little more on fees. Keep in mind that while exchanges will store coins for you on their site, you’ll want to make sure to withdraw them to your own wallet by sending them to the Dogecoin address we talked about before.

This way you keep full control of your Doge. That’s today’s 2-minute tutorial, for a complete list of recommended wallets and exchanges and a more in-depth step by step guide, make sure to check out the links in the description below.

Read More: Why Ethereum Will CRUSH Polkadot in 2021

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