How to Buy Dogecoin (DOGE) Visual Guide
Once started as a joke in 2013, Dogecoin has become one of the most popular cryptocurrencies with a dedicated user base. Over the years, people have invested in this currency, which is why it is popular and valuable.
However, beginners have a bit of an issue with this coin because they don't really know where or how to buy Dogecoin. That's why we've created a step-by-step visual guide on how you can buy Dogecoin without any issues.
A Visual Guide for Buying Dogecoin
Let's start with the very first step of the procedure, which is choosing the crypto exchange.Step 1: Choose a Cryptocurrency Exchange
The main issue beginners face when buying Dogecoin is finding the right exchange. Some exchanges don't offer this coin. To buy Dogecoin, you must register on a cryptocurrency exchange that supports Dogecoin trading. Here are some popular exchanges:
- Binance
- Coinbase
- Kraken
- Gemini
- Robinhood (for US users)
Note: For this guide on how to buy Dogecoin, we'll be using Binance.
Step 2: Register an Account
Now that we've selected the exchange, we must create an account. To do that, we'll have to:- Once the Binance app is downloaded, open it. If you're a beginner then you'll choose the "I'm new to crypto" option.
- Now you can sign up by using your email, creating a password, and completing any necessary forms. However, the easiest and quickest way to create an account is to use Gmail.
- Once the account is created, you'll need to verify it. Go to the "Account Info" section and tap on the "Verifications" option.
- Now tap on the "Start Now" button to get verified.
- Provide all of the required information and follow the instructions to get verified.
Note: Once the entire verification process is completed, the next step will be depositing funds.
Step 3: Deposit Funds
Before buying Dogecoin, you'll need to deposit funds into your Binance account. There are usually several options to fund your account. If you don't have any crypto assets, you can choose from the following options.
- Buy with GBP: You can add funds using a bank transfer or credit/debit card.
- P2P Trading: You can buy directly from another user on the platform.
- Deposit Crypto: You can exchange other cryptocurrencies for GBP.
Step 4: Buy Dogecoin (DOGE)
Once your account is fully ready and has funds in it, you can buy Dogecoin from the device. You can even use the Binance app to buy without any hassle. That's why we'll be using the Binance app to show you how to buy Dogecoin in a few simple steps.- Open the app and go to the "Wallet" section on the bottom right corner of the screen.
- Now, verify that you have enough USDT to buy Dogecoin.
- Next, go to the home page and look up "Dogecoin" in the search bar. Tap on the option that has "/USDT" at the end.
- Now tap on the "Buy" button.
- Enter the number of USDT you want to spend for the Dogecoin and it'll show you how much you'll get. After that, tap on the "Buy DOGE" button.
Note: After that, you'll see that Dogecoin will be added to your Binance wallet.
Step 5: Transfer Dogecoin to Your Wallet (Optional but Recommended)
While you can leave your Dogecoin on the exchange, it's often safer to transfer it to a personal crypto wallet for added security. There are two types of wallets:- Hot Wallet: Software-based, connected to the internet, such as mobile apps like Trust Wallet, Phantom Wallet, MetaMask Wallet, or Argent Wallet.
- Cold Wallet: Hardware-based, offline storage, like Ledger or Trezor.
Final Thoughts
By going through all of the steps provided above, not only do you learn how to buy Dogecoin but you also learn how to keep them secure. However, always do your own research and consider the risks of cryptocurrency investment before proceeding. So, if you want any sort of help in your crypto journey, then Cryptonary is here to guide you every step of the way.Missed DOGE? Catch the next big thing with Cryptonary
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