How To Buy Dogecoin in 2022

How To Buy Dogecoin

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”. Here are the best steps to buy dogecoin.

1. Decide on an Amount

Before diving into Dogecoin, make sure you decide on a reasonable amount that you’re going to purchase. Here are some factors: 1. How much do you know about cryptocurrency 2. What purpose does Dogecoin serve in your portfolio? 3. What is your risk tolerance?

2. Pick a Cryptocurrency Exchange

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. Some popular exchanges include Coinbase, Binance, and Kraken.

3. Choose a Payment Option

Before buying any crypto-currency or making trades, you’ll need to deposit some money in your account. Most exchanges will let you deposit money directly from a chequing or savings account. Some will accept wire transfers or PayPal transfers.

4. Place a Dogecoin Order

Once your money has gone through and is sitting in your account, you can place an order for Dogecoin. 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.

5. Consider Storing Your Dogecoin

When you buy Dogecoin, it is typically stored directly on the exchange where you made the purchase. However, some people prefer to keep their coins in a cryptocurrency wallet. These are designed to prevent thieves (hackers) from stealing your digital money like genuine wallets.

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