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 (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Dogecoin (DOGE) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Dogecoin (DOGE) Once your deposit has been approved, you will instantly have access to your funds and you can launch buying and trading. To purchase Dogecoin (DOGE) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Dogecoin (DOGE), you'll need to put the cointype (DOGE) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “DOGE/BTC” to continue.
Step 4 – Purchasing Dogecoin (DOGE) After you've found Dogecoin (DOGE), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to make our own Limit Order. The ”Price” field will be automatically filled with the most recent rate Dogecoin (DOGE) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of DOGE you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of DOGE. When you are glad, click on “Buy DOGE”. Your plan will be filled as soon as a Seller sells their DOGE for the price you introduced.
Step 5 – Withdraw Dogecoin (DOGE) Unless you're frequently trading, best advise is not to keep your crypto on an Exchange for an extensive time period. In order to take off your Dogecoin (DOGE), go to the tab called “Funds” and click on “Withdraw”. Dogecoin (DOGE) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Dogecoin (DOGE) by using the provided drop-down box. Put into the volumen of Dogecoin (DOGE) you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.