How to Buy Dogecoin – The Ultimate Guide to Buy DOGE

Over the years, the value of Dogecoin in US dollars has remained relatively stable. In reality, Dogecoin is one of space’s biggest success stories, having risen from a price of ten-thousandths of a penny to right around twenty-two cents today, increasing 324% only in the last week!   When compared to other long-standing cryptos, Dogecoin has proven to be more resilient in times of market volatility, making it a relatively safe haven. People still regard it as a strong coin within the group, despite its novelty logo and theme, and with some of the supporters it has had, there appears to be space for growth.

How to Dogecoin with eToro in 5 Easy Steps 

It’s easy to buy any cryptocurrency with eToro; simply follow the steps below:

  1. Sign up for a free account with eToro by filling out the necessary fields.
  2. Fill out the questionnaire; it will benefit both you and eToro.
  3. When you click ‘Deposit,’ you’ll be asked to choose the preferred option to fund your account.
  4. Choose your preferred payment method and add it to your account using the easy steps below.
  5. You’re good to go once you’ve entered the number you want to deposit.

What is the Difference Between Buying and Trading

Trading Dogecoin – The ultimate beginner’s guide

Why Should You Buy Dogecoin?

There is a slew of compelling reasons to buy Dogecoin. While the majority of them have already been stated, they are worth repeating.

  • The price of Dogecoin is expected to increase. It’s a hugely popular, rapidly growing cryptocurrency with real-world applications.
  • Dogecoin is a low-risk way for new crypto users to buy, sell, trade, and store coins because of its low price.
  • Since Dogecoin is a strong currency that can be used to purchase things, there are many opportunities to buy it.
  • Dogecoin can be mined, but unlike Bitcoin, it cannot be mined with costly ASICs. Doge for everyone!
  • It’s entertaining! Crypto is becoming increasingly serious. By joining the Dogecoin investors community, you can add a little Wow to your life.
  • If you’re new to cryptocurrency, buy some Dogecoin so you won’t lose any money if you make a mistake.
  • Buy Dogecoin to invest in a future that can only be defined as “UP.”

How to Buy Dogecoin?

You can’t buy Dogecoin with a credit card or with Paypal. You’ll need Bitcoin first, which you can pass to an exchange like Poloniex or Bitfinex, where the majority of Dogecoin is bought and sold.

Creating a Bitfinex Account in Order to Buy Dogecoin

You’ll need to open an account with one of the crypto exchanges now that you’ve got your Bitcoin. Because of its long history with Dogecoin (“extreme loyalty”), we’ll go with Bitfinex.

Step 1: Create an account at Bitfinex.com, just as you would with Facebook, Gmail, or any other service. Choose a special login and password, then do something that only humans can do.

Step 2: Open the Bitfinex verification email and click the link in it. This will associate your email with your Bitfinex account, allowing you to log in for the first time.

Step 3: Make use of two-factor authentication (2FA). This adds another layer of security to your valuable financial account. You’ll get a phone app that will show you a new six-digit code every 30 seconds. You’ll need to enter this code in addition to your password when logging into your Bitfinex account to buy Dogecoin. Even if a hacker steals your password, they won’t be able to access the code on your computer, making you less vulnerable to being hacked and having your Doge stolen.

Step 4: Return to your inbox and click the link in the validation message that appears. This enables all basic trading features. You’re all set to go. To the moon and back!

How to Transfer Bitcoin to Bitfinex in Order to Buy Dogecoin at the Lowest Dogecoin Price!

Step 1: Log in to your new Bitfinex account and go to the “Wallets” section. Click the “+” sign next to the Bitcoin wallet, which will still be at the top of the list (with Bitfinex you will have 1 wallet for every coin). You’ll see an address on the popup screen. This is the address to which all potential Bitcoin will be sent to Bitfinex. Copy the address and go to the wallet where your Bitcoin is stored. We’ll use the Exodus Wallet in this case.

Step 2: Click on “Send Bitcoin.” This will pull up a screen with a box where you can paste the address you just copied. Copy and paste the jerk. Then, to make your first Dogecoin, choose how much Bitcoin you want to send to your Bitfinex Bitcoin address. “Much Bitcoin, Really Value” is a recommendation. The Bitcoin will be sent to your Bitfinex account in a matter of minutes. You can buy any coin supported by Bitfinex from this page. You, on the other hand, aren’t interested in just any coin. You’re just interested in the Doge and the Doge alone. After that, we’ll show you how to acquire and keep Dogecoin.

How to buy Dogecoin with Bitcoin on Bitfinex

We can sense your elation. It’s time to put your money where your mouth is and buy Dogecoin for real.

Step 1: Select “B Markets” at the top of the page. In the text window, type “DOGE.” This will open the BTC/DOGE market link. Toggle it!

Step 2: There is a lot of information on this computer. You will see a graph that shows how the Dogecoin price has changed over time. The highest current Bid price (the top price at which some buyer is currently offering to buy 1 DOGE) and the lowest Ask price are shown on the right (the lowest price at which the seller is offering to sell 1 DOGE). You’ll find interfaces to buy and sell Dogecoin at the bottom of the page. Put the price you want to pay for 1 DOGE in the “Bid” section of the Buy Dogecoin trading interface.

You may want many more DOGEs than one, but this method calculates your price by first learning how much you’d pay for one and then asking how many you’d like. Place the amount of DOGE you want to buy above that. Select “Max” if you only want to buy as much as you can with the Bitcoin you have. You can now see how much this order costs at the bottom of the screen. If you choose “+ Boy Dogecoin,” your order will be sent to Bitfinex, which will attempt to match your Bid with an open Ask. Your order will normally be completed in seconds if you asked for a price that is close to the current Dogecoin price. If you requested a lower price for Dogecoin in the hopes that the price will fall quickly (how thrifty! ), your order will be filled if and when the market price falls to that level.

Other ways to buy Dogecoin

Yes, you can now buy Dogecoin with Bitcoin, Ethereum, or other cryptocurrencies. Is there, however, any other way to get DOGE besides using exchanges? Fortunately, you will be able to get Dogecoin for nothing! Check out the options below:

1. Receive Dogecoin as a gift or as a tip

New users have been known to receive Dogecoin as a gift from Dogecoin groups.

2. Use a Dogecoin Faucet to get Dogecoins

Crypto faucets are games of chance in which users who achieve high scores are rewarded with coins. Today, a variety of Dogecoin faucets are available. You may not win a lot of DOGE this way, but there’s always a chance you’ll win something.

3. Dogecoin mining

The mining community for Dogecoin is involved. If you do your homework online, you should be able to get started mining Dogecoin with a small initial investment. Dogecoin is a witty altcoin of real-world value as a decentralised, global currency. Consider becoming a Dogecoin investor today if you believe in the currency’s future.

How to Buy Dogecoin with a Dogecoin Wallet and Keep It Safe

Dogecoin wallets are among the best in the cryptocurrency world. Go to www.dogecoin.com/gettingstarted/ and choose a wallet to add to your device or phone. Open it up, obey the instructions, make a note of any private keys or secret codes (these are the only ways to regenerate your wallet if your phone dies or you forget your password! ), and locate your deposit address. Return to Bitfinex and copy this deposit address. To withdraw DOGE, go to the “Wallets” section and press “-” on the DOGE wallet. Choose how many DOGE you want to send, then hit the send button.

You want to do this because coins stored on exchanges are vulnerable. Bitfinex has struggled to keep up with the influx of demand into the cryptocurrency markets. As a result, the site can be sluggish or have minimal functionality at times. Hacking is another thing to consider. There are a lot of thieves out there who want to steal your Bitfinex DOGE, and it has happened before. Keeping your DOGE in a personal wallet reduces the likelihood of them being stolen. To invest in Altcoins, alternate digital currency coins, or use Trading Robots, trade digital currency securely with the Best Cryptocurrency Exchanges in the USA and Best CFD Brokers.

Buy Now: To buy cryptocurrencies, you must first create a wallet in which to store the tokens. This isn’t needed for trading.

Ownership: Purchasing is preferable if you want to help the cryptocurrency’s ethos. If you want to make money from your money, trading gives you more options.

Different Goals: Using a CFD to trade is far more likely to have more regulation to protect your investment. Buying usually provides this additional protection.

Frequently Asked Questions

  1. Should I Invest in Dogecoin?

The Short answer is yes. if you believe in the Dogecoin project and think that the Dogecoin price will be increasing, then you should buy Dogecoin even investing a little. 

  1. Can I buy Dogecoin With Credit Card? Can I Buy Dogecoin With Paypal? Can I Buy Dogecoin With USD? Can I Buy Dogecoin Instantly? 

Unfortunately, the answer to these questions is NO. You can buy Dogecoin only with Bitcoin. Buy Bitcoin through the usual channels, then send it to an exchange that handles DOGE.

3, Can I Buy Dogecoin With Bitcoin? 

Yes, you can only buy Dogecoin with Bitcoin. Check our guide to learn how to do this. 

4.What Dogecoin equals in USD?

1 Doge = 1 Doge. But 1 Doge = about .01 USD.

5.What if I wanted a Different Dogecoin Exchange?

You have your options. Other than the Bitfinex option introduced in this guide, you could go with Poloniex, Cryptopia, CoinEgg, CoinExchange, Gate.io, Kraken, Koineks, YoBit, and a bunch of other exchanges. You can check which crypto exchanges support trading in Dogecoin on the popular website CoinMarketCap.com. 

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