If you have your sights on the currency, it won’t be better to add it to your wallets. So, how precisely do you do the approaches towards buying Dogecoin? Luckily for you, there are many methods to purchase Dogecoin, which we cover in this article in depth. But first, here is a breakdown of where DOGE tokens may be obtained.
DOGE has been booming since the start of the year, thanks to a series of promotional tweets from the billionaire Tesla, Elon Musk. In January, the Meme currency was worth less than one penny per coin and recently soared at an ATH of 72 cents, when the Saturday Night Live Tech mogul was introduced.
Due to the recent increase of DOGE, it is no surprise that cryptoinvestors examine at the sustainability of the currency – which they should. Whilst Musk decides if Tesla is to take DOGE payment, it is just a matter of time until the DOGE reaches the $1 threshold.
Step by Step Guide to Buy Dogecoin Conveniently
Step 1: Register an account
First, you have to establish an account with a DOGE exchange. There are many choices available and the best ones below will be discussed. However, you must take care to verify that the exchange you choose is secure and trustworthy. Ideally, you should choose an authorized marketplace where you are most likely to be available upon registration to perform KYC checks. The procedure is simple for most trades and should just take a few minutes.
Step 2: Account Fund
Once everything is in place and your account is confirmed, you must first pay for it so that you may purchase DOGE. Depending on your chosen exchange and place of residency, you may finance your account in various ways. Some most common alternatives include credit and debit cards, e-wallets like Skrill, Neteller and PayPal, and bank transfers.
Step 3: Purchase DOGE either with or without leverage
The final step after financing your account is to purchase Dogecoin (DOGE) tokens. You may either purchase with or without leverage depending on the platform you are utilizing. When you purchase unleveraged cryptocurrencies, you possess the underlying assets. By buying the leverage, you just initiate a CFD trade that enables you to earn by specifying the price. In this study we will highlight several sites that enable you to hold DOGE coins and to specify their prices.
Credit/Debit Card Buying Dogecoin (DOGE)
One of the simplest methods to acquire fresh tokens is to use a credit/debit card. Most exchanges will accept this as one of their means of payment but you will usually discover that the nations that can use it will have restrictions.
Binance, one of the world’s most popular trading systems, enables traders in most countries via a credit/debit card to deposit money into their accounts. Once the fiat has been deposited, traders may then decide whether to purchase real DOGE coins or retain a CFD to speculate on DOGE prices.
Besides the spread, you will not bear any additional fee, the difference between purchase and sale prices, when you deposit using your credit or debit card. But a currency other than the USD will incur some conversion costs. Another advantage is that your deposit is instantaneous and the money is reflected instantly in your Binance account.
How to purchase Dogecoin using PayPal
Another simple way to pay for your DOGE tokens is PayPal. In most brokers/exchanges, it is typically the second choice. For most countries in the globe, Binance enables this choice, and the list of exclusions is published on the website.
Four basic currencies are supported by PayPal payments: USD, GBP, EUR and AUD. The maximum deposit limit is $10,000 and customers may withdraw their money using the same way. Users must have an active PayPal account with a credit/debit card connected to it or the balance of their account in order to utilize PayPal.
You will not suffer additional costs, as is the case with credit and debit card payments, unless you use another currency. Furthermore, payments are typically instantaneous and the amount is instantly reflected in your account.
How to purchase DOGE via eWallets (Skrill, Neteller)
This option, like PayPal, does not incur additional costs and is also an immediate transaction. Some nations including the UK, Norway, the Netherlands and France are quickly transferred.
Only USD, EUR and GBP are supported by Skrill and Neteller. You must register for an account on any of the platforms before you can begin to use it. Both methods have a deposit maximum of $10,000.
How to purchase Dogecoin through bank transfers
Bank wire transfers take a little longer than any other technique. Transactions take about 4-7 days to reflect your account and the USD, GBP and AUR method are supported. To speed things up, make sure that you deposit money as your bank account in the same currency. You won’t pay any additional bank costs, too.
How to purchase Dogecoin anonymously without ID check You will have to utilize the Binance account without the verification procedure if you want to purchase your DOGE tokens anonymously. The registration procedure requires you to undergo a KYC verification process, however you may simply bypass the verification process if you wish to conceal your identity