Dogecoin is decentralized crypto released towards the end of 2013. It’s based on a Shiba Inu meme and has created a lot of attention great demand within a short time. The biggest advantage of Dogecoin is that it facilitates online microtransactions of $0.01-$0.50.
Here Is How to Buy Dogecoin
Find a Dogecoin Wallet
Before you purchase Dogecoin, it is crucial to get a Dogecoin wallet to store your coins. The official website will guide you on how to download a suitable Dogecoin wallet. Only a few reliable exchanges accept buying Dogecoin with Bitcoins, and buying Dogecoin using fiat currency (USD, EUR etc.) may not be recommended. MultiDoge, a light desktop wallet, allows the wallet software to sync with the blockchain without downloading the entire blockchain. The wallets are also password-protected, and if you lose your password, you will be denied access forever.
Additionally, passwords are not stored in a server, and you cannot reset your password with a reset link. Get some Bitcoins (BTC) or Ethereum (ETH) and exchange them for Dogecoins to get started. There are many ways to buy Bitcoin and Litecoin, such as:
- Through PayPal using Paxful, Wirex, VirWox, or Local Bitcoins.
- Using Credit Card on exchanges such as Coinbase, Binance, and Bitfinex, among many others.
- Cash through platforms like Local Bitcoin, where you can purchase Bitcoin from a seller with fiat currency.
With your BTC and ETH, you can buy Dogecoin from reputable exchanges. Binance is one of the biggest and most trusted cryptocurrency exchanges with DOGE/BTC and DOGE/ETH exchange options. With many types of cryptocurrencies in the market, Dogecoin communities are expanding, with more merchants accepting the competitive edge of Dogecoin.
