A Step-by-Step-Guide on how to buy Dogecoin (DOGE)
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and getting Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Dogecoin (DOGE) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Find Dogecoin (DOGE) As soon as your deposit has been approved, you'll now have access to your assets and you can commence buying and trading. To buy Dogecoin (DOGE) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate Dogecoin (DOGE), you will need to put the shortname of the coin (DOGE) into the search box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've highlighted this also. Click on “DOGE/BTC” to proceed.
Step 4 – Purchasing Dogecoin (DOGE) As soon as you have located Dogecoin (DOGE), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent valuation Dogecoin (DOGE) was traded for. You can change this to your desired price. The ”Amount” field is the quantity of DOGE you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of DOGE. If you're happy, make a mouse click on “Buy DOGE”. Your order will be filled as soon as a Vendor sells their DOGE for the price you introduced.
Step 5 – Withdraw Dogecoin (DOGE) Unless you are regularly trading, never keep your crypto on an Crypto Exchange for an extended period of time. In order to withdraw your Dogecoin (DOGE), go to the tab called “Funds” and click on “Withdraw”. Dogecoin (DOGE) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Dogecoin (DOGE) by using the given drop-down box. Drop in the quantity of Dogecoin (DOGE) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.