Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It was launched in 2013 and is termed an altcoin. Dogecoin’s blockchain uses technology that is derived from Litecoin. Let’s understand how to buy Dogecoin in four easy steps at three plus exchanges.
How to buy Dogecoin in four easy steps?
Step 1 – Choose a Cryptocurrency Exchange
Step 2 – Consider the amount to be invested
Step 3 – Select a payment option
Step 4 – Place your buy order
Step 1 - Choose a Cryptocurrency Exchange
In order to buy Dogecoin, you’ll need to open an account with any of the cryptocurrency exchanges available. A crypto exchange is where buyers and sellers meet to exchange cryptocurrency for USD. Most exchanges have an easy-to-use advanced trader platform along with lower fees.
Step 2 - Consider the amount to be invested
When deciding how much to invest, the primary concern should be your financial situation and the risk you can bear. Experts don’t recommend investing more than one is willing to lose in cryptocurrencies.
Step 3 - Select a payment option
To begin trading cryptocurrencies, you must deposit money in your crypto exchange. Most exchanges let you deposit money through a savings account using net banking. All it takes is as little as one hour and a maximum of 24 hours for a successful transaction to reach your crypto exchange wallet.
Step 4 - Place your buy order
Once your money is in your crypto exchange wallet, you can purchase Dogecoin. On the exchange’s trading platform, search for Dogecoin or DOGE. Then pick your trade type and input the number of Dogecoins you want to buy, or simply specify the INR amount you want to invest.
Also read: Dogecoin Pricing Prediction
Popular video guides on buying Dogecoin (DOGE)
Where to buy Dogecoin (DOGE)?
Also read: Dogecoin Prices Live
WazirX is India’s top and most trusted Cryptocurrency exchange. It allows its users to buy, sell, and trade cryptocurrencies in India. WazirX is often preferred both by beginners and seasonal traders due to its user-friendly interface and advanced trading charts, this also makes WazirX a first choice for traders to buy dogecoin.
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|Operational Since||March, 2018|
|Deposit Methods||IMPS, Neft, RTGS, UPI|
|Fiat Currencies Supported||USDT, INR|
Binance is one of the leading cryptocurrency exchanges in the world. It was founded in 2017 and offers crypto trading in around 600 cryptocurrencies across the globe, including Bitcoin, Ethereum, and Dogecoin. Binance also has its own token, Binance Coin often referred to as BNB. You can easily buy dogecoin on Binance, which offers high security and low trading fees.
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|Deposit Methods||Bank Deposit, Cash Balance, Credit/Debit Card, P2P Trading|
|Cryptos Listed||BNB, XRP, DOGE, USDT, ETH, LTC, ADA, LINK|
|Fiat Currencies Supported||27|
CoinSwitch is one of the leading cryptocurrency exchange platforms in India. It was established in 2017 and now has over 170+ cryptocurrencies listed on its platform. It pools the liquidity of Dogecoin from leading crypto exchanges globally in order to enable users to trade and buy Dogecoin at the best rates worldwide.
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|Operational Since||June 2017|
|Deposit Methods||IMPS, Neft, RTGS|
|Trading Fees||0 - 0.5%|
|Fiat Currencies Supported||INR|
Frequently Asked Questions
Where can you buy Dogecoin with a credit or debit card?
To buy Dogecoin with a credit/debit card, sign up on the Binance cryptocurrency exchange. Binance allows you to make the transaction using your Credit/Debit Card with trading fees as low as 0.1%.
What will you need to buy Dogecoin?
To buy Dogecoin, you need an account with any of the cryptocurrency exchanges, which allows users to buy and sell different cryptocurrencies easily.
What is the easiest way to buy Dogecoin?
The easiest way to buy Dogecoin is by signing up on Binance Cryptocurrency Exchange as it allows its user to make the payment directly via Debit/Credit Card.
Best wallets to store your Dogecoin (DOGE)
The best wallet to store your Dogecoin is ZenGo. It is one of the most secure and non-custodial wallets. In addition to this, Atomic Wallet is another good option to store your Dogecoin as it gives the user rewards and cashback of up to 1% on different transactions and exchanges.