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 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Dogecoin (DOGE) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Dogecoin (DOGE) As soon as your deposit has been verified, you will instantly have access to your assets and you can commence buying and trading. To invest in Dogecoin (DOGE) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To discover Dogecoin (DOGE), you will need to put the short name of the asset (DOGE) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this also. Click on “DOGE/BTC” to progress.
Step 4 – Purchase Dogecoin (DOGE) After you have located Dogecoin (DOGE), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the up-to-date price Dogecoin (DOGE) was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of DOGE you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of DOGE. When you are satisfied, make a mouse click on “Buy DOGE”. Your plan will be filled when a Vendor sells their DOGE for the price you introduced.
Step 5 – Withdraw Dogecoin (DOGE) Unless you are trading, never keep your crypto coins on an Crypto Trader for an longer time period. To withdraw your Dogecoin (DOGE), hover over the tab called “Funds” and mouse click on “Withdraw”. Dogecoin (DOGE) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Dogecoin (DOGE) by using the provided drop-down box. Drop in the amount of Dogecoin (DOGE) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You may be asked for phone/email verification before a withdrawal.