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.
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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.