What is Dogecoin?
Dogecoin is an open source, peer to peer cryptocurrency that enables money to be sent well on-line. It ‘s named Dogecoin in honor of the the Shiba Inu chase breed, which is the face of Dogecoin .
Dogecoin is a fun and friendly internet currency with a fun loving community that is less focused on the technology of blockchain and more focused on the fun that can be had with digital currencies.
Where and how to buy Dogecoin
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Buy Dogecoin on Binance using a credit card or debit card
Step 1: Set up an account on Binance
The first footstep is to sign up to Binance- snap here to go to the locate .
enter your electronic mail address and a hard password ( take password security deoxyadenosine monophosphate badly as you would for your bank account ) .
Click the crack box to confirm you ‘re over 18 and click ‘create score ‘ .
You will be sent an electronic mail with a verification code. Go find that e-mail ( check your spam or trash folder if you do n’t see it within a minute or two ) .
once you have the code enter it on this foliate .
You will be given some options on how to get started .
however you wo n’t be able to use any of these options until you ‘ve added more security system to your account and verified your identity. sol for the here and now click the ‘go to dashboard ‘ link .
You will be asked to increase your account security by enabling 2FA ( two factor authentication ). Click the Google authentication option and follow the instructions to set it up .
Step 2: Verify your Binance account
once your account is secured, return to the dashboard and cluck ‘security ‘ .
Click ‘verify ‘ .
On this foliate you will see ‘basic information ‘. Click ‘verify ‘. Enter your appoint and address as it appears on your personal identification ( for exemplar, your passport, national designation card or drivers license ) .
You will then be asked to verify your designation and font .
Start the verification. Select the state your identification was issued in and the type of designation you have .
You will then be given the option to either take a photograph of the designation and your front using your webcam or upload files of the same. If you ‘re on a mobile telephone, you can click the provide link to continue verification on your earphone .
Follow the confirmation instructions until successful. It may take a little time before your confirmation is applied to your account, so please be affected role .
Step 3: Use a credit or debit card to buy Dogecoin
now that your score is plug and identity verified, on the acme menu suction stop ‘buy crypto ‘ and ‘credit/debit card ‘ .
On the future foliate you ‘ll be given the option to select your preferable currency .
accede the amount you ‘d like to spend .
choose Dogecoin from the cliff down menu .
Press ‘buy Dogecoin ‘
You may be asked to supply some extra information. This is to satisfy international regulations .
You may be told that your account is under review to assess if you are eligible to purchase cryptocurrencies using a credit wag or debit menu .
This inspection work normally takes under two minutes but may take up to two hours .
If your account fails this review process you may want to alternatively use this method of buying Dogecoin on Binance .
once the inspection process has passed you will be asked to add your credit circuit board or debit card details to Binance .
once the details have been entered you will be given a summary of your purchase .
If you ‘re glad with what you see pawl ‘confirm ‘ .
Note: Your beginning cryptocurrency buy might be blocked by your bank for security reasons. If this happens you should contact your depository financial institution and instruct them that the try purchase was made by you and you wish to try again. You can then go back to Binance and attempt your Dogecoin purchase again .
Your Dogecoin will soon be in your Binance wallet .
Click ‘return to wallet ‘ to see it .
Buy Dogecoin on Binance using Bitcoin bought on another exchange
Click ‘deposit crypto ‘ .
On this page you ‘ll be given a Bitcoin ( BTC ) address .
now you need to buy some Bitcoin. Follow our guide to buying Bitcoin here .
once you have Bitcoin, send it to your Binance Bitcoin ( BTC ) savoir-faire .
The march of sending Bitcoin varies by central, but the guide you used to buy Bitcoin will besides explain how to send it .
It can take 20-60 minutes for Bitcoin to send and confirm. You do n’t have to sit and wait- once your Bitcoin has been successfully deposited to Binance you will be sent a confirmation e-mail .
once you ‘ve received the electronic mail click here to go to the Bitcoin/Dogecoin exchange on Binance .
The central page can look overwhelming at first gear but do n’t worry, you ‘re only going to use a belittled part of it .
There are two ways of buying Dogecoin- a limit order ( more complicated ) and a market buy ( very childlike ) :
A ‘Limit’ order
A limit order lets you manually set the monetary value at which you want to buy Dogecoin ( DOGE ) .
In the ‘exchange ‘ section of the page blue-ribbon ‘limit ‘ .
enter the monetary value ( priced in Bitcoin ) you want to pay for Dogecoin in the ‘price ‘ box .
then enter the come of Dogecoin ( DOGE ) you want to buy in ‘amount ‘ .
You will be told the sum amount of Bitcoin the rate will cost. Press ‘buy DOGE ‘ .
Note: your order will alone fill if the price of Dogecoin reaches the price you set .
A ‘Market’ buy
A market buy fills your order mechanically at the best price available.
Read more: Reputation
In the ‘exchange ‘ section of the page choose ‘market ‘ .
In the box marked ‘amount ‘ fill in how many DOGE you ‘d like to buy. It may be easier to use the percentage buttons below the remark box- for case, press 50 % if you ‘d like to exchange 50 % of your Bitcoin for DOGE .
once you ‘re happy with the amount press the green button marked ‘buy DOGE ‘ .
Your order will be filled immediately .
Congratulations- you immediately own some Dogecoin !
In the future if you decide to sell your Dogecoin you can do so easily by using the same ‘limit ‘ or ‘market ‘ method, but using the ‘sell ‘ choice rather .
Using a VPN while signing up to and using Binance international
unfortunately Binance has barred US citizens from using their international exchange. rather Binance has built a US based exchange- but it does not allow the purchase of Dogecoin .
fortunately there is a workaround. You can use a VPN ( virtual private network ) that makes you appear to be accessing the internet from a different country. You can read more about what a VPN is here. It is strongly advised you use a dependable paid-for VPN : you are dealing with money afterall. But if you actually do n’t want to you can find the best free VPN software at Techradar .
It ‘s very important to note that you must use a VPN EVERY time you access Binance external, otherwise it may be detected that you ‘re in the US and your bill will be locked. If your account is locked you may not be able to withdraw any cryptocurrency you have stored in it.
once your VPN is set up, follow this template to buy Dogecoin on Binance .
How to buy Dogecoin on Cex.io
Step 1: Set up an account on Cex.io
Click here to go to Cex.io
Click ‘Create Account ‘. Enter your e-mail address, your nation of residence and a solid password ( take password security for this adenine seriously as you would for your bank account ). Click the check box to accept the site ‘s terms of manipulation. Press ‘Create Account ‘ .
You will have been sent an electronic mail from Cex.io. Go clear it and click the link inside to confirm your e-mail address is actual .
To purchase Dogecoin you ‘ll now have to provide some personal data to prove you are who you say you are .
insert your name and date of birth. Press ‘Next ‘ .
Before you ‘ll be able to buy Dogecoin you ‘ll have to verify your identity. In the circus tent right corner of the screen click your name and in the drop down menu blue-ribbon ‘verification ‘ .
Press ‘start ‘ on stagecoach one ‘identity confirmation ‘ .
figure your nation of residency and telephone count .
On the following page choose the type of document you ‘re going to use to verify your identity. You can use a recommendation, national designation card or driver ‘s license .
You ‘ll need to upload an image of the document along with a clear photograph of yourself holding it .
Step 2: Deposit money to Cex.io
now that your history is verified chink ‘finance ‘ on the crown menu. Choose which currency you want to pay into Cex.io and press ‘deposit ‘ .
Depending on which currentness you ‘re using you ‘ll be given diverse options on how to deposit money to Cex.io .
Choose which you ‘d like to use. Enter the measure of money you ‘d like to deposit in the right hand column and then follow the instructions given .
once your depository it successful you will be sent an electronic mail confirming the money is in your history .
Step 3: Buy Dogecoin on Cex.io
now that the money is in your explanation pawl ‘buy/sell ‘ .
In the drop down boxes choose ‘DOGE ‘ and then the currency you deposited to Cex.io .
In the box marked ‘your amount ‘ insert either the sum of your money you want to spend or the sum of DOGE you want to buy. There is besides the choice to ‘buy with all my available symmetry ‘. Once you ‘re done, press buy .
You will be given a compendious of your leverage .
If you ‘re felicitous with what you see snap ‘buy now ‘ .
Congratulations ! You immediately own some Dogecoin .
Wallets that support Dogecoin
The Ledger hardware cryptocurrency wallet
Computers and phones get hacked. Websites run illicit code to steal passwords. Fraudsters flim-flam people into clicking links that steal information from their computers. A line of defense to keep your Dogecoin from being stolen is important. That ‘s where hardware wallets come in .
Hardware wallets are like plug USB sticks with one job- to be a firewall between your Dogecoin and the away world .
To do this they encrypt the secret keys to your cryptocurrency wallets then no-one- not even you- can know them. That way only person with physical access to your hardware wallet- and who besides knows its password- has a chance to access and move your coins .
The hardware wallet manufacturer Ledger is the brand we recommend as for years their products have had a solid reputation for security and ease of use. Ledger wallets support the storage and commit of Dogecoin angstrom well as many early cryptocurrencies- you can see a wax list here .
The Ledger Nano S ( you can get one from the official Ledger site or Amazon ) is great for beginners, or the more promote Ledger Nano X, which supports Bluetooth, is bang-up for those who think they will use their wallet regularly ( you can get one from the official Ledger locate or Amazon ) .
once you have your Ledger you can find the Ledger Nano S frame-up usher hera and the Ledger Nano X apparatus guidebook here .
Note: For security reasons we recommend not buying a ledger from a site such vitamin a Ebay as they can be tampered with before you receive them .
The Trust cryptocurrency wallet
Trust is a fluid phone based cryptocurrency wallet that supports the storage, sending and welcome of leading cryptocurrencies, including Dogecoin .
You can set your wallet up without giving any personal details so you can stay anonymous, and the wallet private winder is stored locally on your phone so you are guaranteed privacy .
Trust besides includes a Web3 Browser that allows you to interact with decentralize applications ( DApp ) through the App. Decentralized applications are not presently mainstream but they are building in popularity .
You can get links to download Trust wallet by clicking here. Note: You can buy cryptocurrencies directly through Trust wallet – but we would n’t recommend it as you wo n’t get the best substitute rate for your money.
crucial data : DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS SITE. The author is not registered as an investment adviser either with the U.S. Securities and Exchange Commission ( the “ SEC ” ) or with the U.K. Financial Conduct Authority ( FCA ). The writer is neither license nor qualify to provide investment advice. This guide is not and should not be interpreted as investment advice, a recommendation regarding a course of action or as an second of cryptocurrency or any specific provider, servicing or extend. It is not a recommendation to trade. Cryptocurrencies are inquisitive and complex, and they involve meaning risks—they are highly volatile and sensitive to secondary action. performance is irregular, and by performance is no guarantee of future performance. Consider your own circumstances and obtain your own advice before relying on this information. You should besides verify the nature of any intersection or military service ( including its legal condition and relevant regulative requirements ) and consult the relevant regulators ‘ websites before making any decision. The author may have holdings in the cryptocurrencies discussed. All merchandise names, trademarks, brands, photograph and logos are the property of their respective owners .
Category : Finance