Buy Dogecoin – Instructions on how to buy DOG
DOGE has proven remarkably resilient over the years. In fact, Dogecoin is one of the great success stories of the space, having grown from a price measured in ten-thousandths of a penny to its current standing at around 1 cent. Dogecoin has proven stable even in times of market turmoil, making it a relatively safe investment compared to other long-standing cryptocurrencies. Despite its newness, logo and theme, many people still consider it a strong coin within the community. And with some well-known investors, there seems to be room for growth as well.
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WHAT IS ON THIS PAGE?
- Buy Dogecoin – Instructions on how to buy DOG
- Beste Crypto Exchange Brokers 2021
- In 5 steps to buy Dogecoin right now!
- Recommended broker for buying cryptocurrencies
- Where can you buy Dogecoin?
- How to buy Dogecoin in 4 steps at Bitpanda
- To send your Bitcoin to Bitpanda so you can buy Dogecoin
- Everything you should know about buying or trading Dogecoin
- Can you buy Dogecoin with PayPal?
- Recommended brokers 2021
- How to buy Dogecoin with Bitcoin on Bitpanda
- Other ways to get Dogecoin
- Buy Now
- Ownership
- Different objectives
- How to send your Dogecoin to the Dogecoin wallet for safekeeping
In 5 steps to buy Dogecoin right now!
1 Visit the platform we recommend for buying Dogecoin.
2 Fill in all the requested information and open an account.
3 Capitalise your account using your preferred payment method and confirm your account balance.
4 Select Dogecoin and click “Instant/Market Order” to buy your coins immediately.
5 Enter the amount (you’ll see the equivalent in DOGE) and confirm your purchase.
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Where can you buy Dogecoin?
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How to buy Dogecoin in 4 steps at Bitpanda
Now that you have bought your Bitcoin, you need to open an account with Bittrex, Poloniex or Bitpanda. We will show you step by step how to buy Dogecoin at Bitpanda.
Go to Bitpanda and create an account. Choose a unique username and password, then do what robots can’t do - Suie solve the captcha.
Click the link in the confirmation email Bitpanda sends you. This will link your email to your Bitpanda account, which in turn will allow you to sign up for the first time.
Activate 2-factor authentication (2FA). This is another layer of security you can have for this important financial account. You will download a mobile app that displays a new 6-digit code every 30 seconds. When you log into your Bitpanda account to buy Dogecoin, you will need to enter this code in addition to your password. Even if a hacker steals your password, they won’t have access to the code on your phone, so you’re less likely to get hacked and have your precious Doge stolen.
Go back to your email and click on the link in the registration message you see there. This will unlock all the basic trading features.
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To send your Bitcoin to Bitpanda so you can buy Dogecoin
Go “Wallets” in your new Bitpanda account. Here, click on the “+” sign next to the Bitcoin wallet that will always be at the top of the stack. Bitpanda will give you 1 wallet for every coin they support, not just the ones you own. The pop-up window will show you an address. This is the address where you will send all future bitcoin to Bitpanda. Copy the address and go to the wallet that holds your bitcoin. For this example, we will use the Exodus Wallet.
Select “Send Bitcoin”. A window will then appear with a field for the address you just copied. Paste it in. Next, select how much Bitcoin you want to send to your Bitpanda Bitcoin address so you can make your first Dogecoin. We recommend “Much Bitcoin, Very Value.” In a few minutes, the Bitcoin will arrive in your Bitpanda account. From here, you can buy any coin that Bitpanda supports. But you are not interested in just any coin. You are hungry for the Doge and only the Doge . Next, we’ll show you how to buy Dogecoin to have and hold.
Everything you should know about buying or trading Dogecoin
- There are a number of good reasons to buy Dogecoin. Most of them have already been mentioned, but they are worth repeating.
- The Dogecoin price is likely to rise. It is a massively popular, growing cryptocurrency with real use cases.
- The Dogecoin price makes it a low-risk way for new crypto users to buy, sell, trade and store coins.
- Dogecoin buying opportunities abound, and more merchants are likely to accept DOGE soon.
- Dogecoin can be mined, but you can’t use expensive ASICs on it like you can with Bitcoin. Doge for everyone!
- It’s fun! Cryptocurrencies are mostly serious business. Add a little wow to your life by becoming a part of the Dogecoin community.
- Buy Dogecoin when you are just learning how cryptocurrencies work because if you mess up, you won’t lose much money.
- Buy Dogecoin for a future that can only be described as ” upwards “.
Can you buy Dogecoin with PayPal?
You can’t just buy Dogecoin with PayPal or a credit card. You must first own Bitcoin and transfer it to an exchange like Poloniex or Bittrex, where the majority of Dogecoin in the world are traded.
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According to their website support forum, this is “for security, regulatory compliance and fraud prevention�?. The limits are based on several factors that include the payment method you used, how old your account is, your purchase history, and more. These limits are calculated automatically.
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How to buy Dogecoin with Bitcoin on Bitpanda
Click on “B Markets” at the top of the platform. Type “DOGE” in the text box. This will bring up the link to the BTC/DOGE market. Click on it.
Next, you can see the chart showing how the Dogecoin price has moved over the past few days. On the right side of the platform, you can see the current highest Bid price (the highest price at which a trader currently wants to buy 1 DOGE) and the lowest Ask price (the lowest price at which a trader wants to sell 1 DOGE).
To buy Dogecoin, enter the price you want to pay for 1 DOGE in the “Bid” window of the trading platform. It may be that you want much more than 1 DOGE. But the system determines the price by finding out how much you would pay for 1 DOGE. It then asks how many you want. Above that, you enter the number of DOGEs you want to buy. If you only want to buy as much as you can with the Bitcoin you have, click “Max”. At the bottom of the screen you will now see what this order costs. At the bottom of the screen you will see what this order costs. When you click “+ Buy Dogecoin”, your order will go to the marketplace where Bitpanda will try to pair your bid with an open ask. If you have requested a price close to the currently displayed Dogecoin price, your order will usually be filled within seconds. If you asked to buy Dogecoin at a lower price in the hope that the price would drop soon (very frugal!), your order will be filled if and when the market price drops to that point.
Other ways to get Dogecoin
Yes, now you know that you can buy Dogecoin with Bitcoin/Ethereum or some other cryptocurrencies. But, is there any other alternative to get DOGE other than through exchanges? Fortunately, you are able to get Dogecoin even for free! Check out the options below:
Dogecoin communities are known to give away Dogecoin to new users.
Crypto Faucets are games of chance that award coins to users who achieve high scores. There are a number of Dogecoin Faucets available today. You may not get many DOGE this way, but there is always a chance that you will win at least a little.
The Dogecoin mining community is active. Do some research online and you should be able to mine Dogecoin with minimal upfront investment. Dogecoin is a humorous altcoin, but it has real value as a decentralised, international currency. If you believe in the future of Dogecoin, consider becoming an investor today.
Buy Now:
To buy cryptocurrency, you need to create a wallet for yourself to hold the tokens. Trading does not require this.
Ownership:
If you want to support the ethos of cryptocurrency, buying is better. If you are looking for an investment return, trading offers more options.
Different objectives:
Trading via a CFD is much more likely to offer greater regulation to protect the investment. Buying usually offers this additional security.
How to send your Dogecoin to the Dogecoin wallet for safekeeping.
Dogecoin has some of the best wallets in the entire crypto world. Go to www.dogecoin.com/gettingstarted/ and download the wallet of your choice to your computer or phone. Once installed, open it, follow the prompts, write down any private keys or secret codes. These are the only way to regenerate your wallet if your phone dies or you lose your password! Copy this deposit address and go back to Bittrex. Go to the “Wallets” section and click “-” on the DOGE wallet for “Withdraw”. Select how many DOGE you want to transfer and then click on the transfer button. The reason you should do this is that coins held on exchanges are vulnerable. Bittrex sometimes has great difficulty in dealing with the overwhelming demand in the crypto markets. This has led to the website becoming too slow or having limited functionality for certain actions. The other factor is hacking. There are many thieves who would love to steal your Bittrex DOGE, and this has happened in the past. If you keep your DOGE in a personal wallet, they are much less vulnerable to thieves. Trade virtual currency securely with the best crypto exchanges in the US and the best crypto exchanges in Canada to invest in altcoins, alternative digital currency coins, or invest with trading robots.