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 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Dogecoin (DOGE) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Dogecoin (DOGE) As soon as your deposit has been approved, you will now have access to your assets and you can start invest and trading. To invest in Dogecoin (DOGE) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot Dogecoin (DOGE), you'll need to insert the short name of the asset (DOGE) into the search box, which is marked in the image. Be certain of having selected the right pairing, we've highlighted this also. Click on “DOGE/BTC” to advance.
Step 4 – Purchase Dogecoin (DOGE) After you've spotted Dogecoin (DOGE), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date price Dogecoin (DOGE) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of DOGE you like to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of DOGE. When you are happy, click on “Buy DOGE”. Your plan will be filled when a Vender sells their DOGE for the price you gave.
Step 5 – Withdraw Dogecoin (DOGE) Unless you are frequently trading, never keep your crypto coins on an Crypto Trader for an extended period of time. To withdraw your Dogecoin (DOGE), hover over the ”Funds” tab and mouse click on “Withdraw”. Dogecoin (DOGE) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Dogecoin (DOGE) by using the given drop-down box. Enter the volumen of Dogecoin (DOGE) you'd wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.