Learn How to Buy Dogecoin
DOGE coin continues to gain traction as an attractive crypto option. To this day, DOGE enjoys a vibrant online community and an enthusiastic fan base. It’s predominantly the crypto of choice for many for contributing to crowdfunding efforts and tipping content creators.
Just like other cryptocurrencies, DOGE transactions are person-to-person, without passing through the banks, making it appealing to hobbyists who want to grow their investment portfolio securely and without the paper trail.
DOGE has a friendly monetary policy that allows you to buy as many coins as possible. At first, the DOGE cap was at 100 billion coins, but the developers soon eliminated it just a few months after its launch.
Each year, the software continues to release 5 billion DOGE into the crypto market. BY February 2018, there was more than 113 billion DOGE mined on the software. Here are some commonly asked questions about DOGE.
Why Buy DOGE?
For starters, DOGE lets you experiment with crypto trading without committing too much of your financial resources. Thanks to the easy-to-use features, you and your friends can understand cryptocurrency better.
You can also use DOGE to reward content creators for their content creations that you love to watch. And what’s more, you can buy or sell goods and services using DOGE.
Where Can I Buy DOGE?
You can buy DOGE coin cryptocurrency through a secure and trusted global exchange such as Kraken, Coinbase, Coinex, Binance and others. The Kraken exchange platform offers the lowest fees in the market. And if you should lose your DOGE private key, the Kraken software can help you recover your funds securely.
Kraken lets you execute large DOGE buy orders, but you can also buy DOGE on a budget. It offers a minimum order of 50 DOGE to expose you to various assets before you can scale up your crypto investment.
How Can I Buy DOGE?
Buying DOGE is an easy and secure process. Follow these four steps to buy DOGE from your crypto wallet.
1. Sign up for an Account
First, you need to sign up for a Crypto Exchange account. Create a username and use a strong password to secure your account.
2. Verify Your Account
You can buy as much DOGE using another crypto such as LTC or DASH after providing your name, contact details, date of birth, and country of residence. You will need to provide further supporting documents to use fiat currency- USD or EUR.
3. Fund your Kraken Account
You can use a unique reference number to transfer funds from your bank account to Kraken through a bank transfer. The platform supports various currencies- USD, GBP, EUR, CAD, CHF, and JPY. You can also click on your local currency for specific deposit options.
4. Purchase DOGE
Now that you have funds in your wallet, you can buy DOGE! A premium account gives you access to 24/7 global client support, advanced charting tools, and the ability to utilize margin trading that gives you more complex active trading strategies and the opportunity to earn more than 5x.
Where Can I Store my DOGE?
While Kraken is secure, it’s much safer to store your DOGE in a wallet. The wallet is a hardware device you keep or software that securely saves the private and public keys you will require to make crypto transactions. You don’t want this information falling into the wrong hands.
Hardware wallets securely and remotely store your access keys in the long term, while web and mobile wallets make your daily DOGE transactions easy.
You can readily retrieve these keys when you want to make a DOGE transaction from your wallet. To find a wallet that fits your needs, decide what you plan to do with your DOGE tokens.