How do you buy Dogecoin?
Dogecoin is one of the most popular cryptocurrencies after free marketing by Elon Musk and other investment industry experts The Gamestop craze has also boosted the popularity of Dogecoin, which has soared to over $6 billion in market cap in a few months and is now worth over $50 billion dollar.
If you want to understand it, you need to understand the risks, benefits and what it takes to do so every beginner who is planning to buy Dogecoin should learn how to buy Dogecoin through this guide Let’s learn something new together.
What is Dogecoin?
“RMB”, officially known as “Dogecoin”, Dogecoin is a fun and friendly internet currency. It is an open source peer-to-peer internet currency that was created in December 2013.
The whole idea behind the Dogecoin name and concept is a memorable crypto that helps the public quickly understand the technology driving it, the blockchain.
Dogecoin has become popular on the internet with its logo Mimcoin Shiba Inu Shiba Inu is similar to the word “doge”, which is where the name of the cryptocurrency originated.
Just like the other cryptocurrencies Bitcoin and Ethereum in the US, Dogecoin is based on blockchain technology.
How to buy Dogecoin 3 easy steps
One of the things you have about buying is something that can be easily inherited. In a few minutes, you can start your investment journey. Here’s how:
Open an account online The first step is to register a crypto account with a well-known online provider (often called a broker) There are many brokers to buy Dogecoin, among them are: Etoro, Coinbeth and Robbie Holder.
Step 2 – Calculate the Fund:
The process for opening a crypto account varies across platforms, but the differences are minimal. You just need to provide details and verification to get started.
Once this is done, you can fund your portfolio using one of the funding methods available on the platform.
The most popular methods are cryptocurrency funds, e-wallets such as PayPal, Skrill, and wire transfers.
Some platforms accept all of these methods, while others, such as Binance, allow cryptocurrency funding. Just be sure to choose a Dogecoin provider that offers flexibility when funding.
Step 3 – Shopping:
Once your account is funded, you can purchase your first Dogecoin. Your supplier will be responsible for fulfilling your order. If there is not enough liquidity, your order will be canceled at the end of the day As you continue reading this guide, you will learn more about buying your first Dogecoin.
Is Dogecoin a good investment?
The important question everyone asks when learning to buy Dogecoin is a good investment Considering the factors that determine a good investment, we can definitely say that any good traditional Gonoin investment is not a good investment.
Marcus was the first to admit the coin was emanating from what he thought was a joke and in 2015, he handled his entire post to buy a used Honda, only to stress it wasn’t dangerous.
Then there was a huge wave that drove the price of DogeCoin, and at any point in time, we were talking about a market capitalization of over $50 billion.
Dogecoin gained value because people were willing to pay such a high price for the Shiite Inu, the meme coin.
Also Read: The Future of Cryptocurrency Trading NEO
Why buy Dogecoin?
If you invest $1000 in Dogecoin your return could be 15 times or more so you will have more than $15000 at any given time.
The price of the Dogecoin rose from $0.06 to less than $1 in the second quarter of 2021.
This price volatility is shaking the central banks as more and more investors are drawn to the cryptocurrency market.
It is better to start buying Dogecoin now rather than trying to find out.
Where to buy Dogecoin In 2021
The $50 billion meme, which has shaken traditional investors at its core and even panicked institutions like central banks, is not only powerful, it should have a bright future.
Gone are the days when traditional investors questioned the dynamism of cryptocurrencies based on acceptance.
There are many online brokers that offer Dogecoin and most of them may not achieve your investment goals.
To help you find the best platform to buy Dogecoin, we will introduce you to three of the top crypto providers.
1. eToro Best comprehensive encryption provider
eToro is our best and reputable platform to buy Dogecoin You get access to 15 cryptocurrencies without commission on this platform.
All cryptocurrency traders trade on eToro 100% free. The platform is licensed by the US Commodity Futures Trading Commission (CFTC) and the US National Futures Association (NFA).
Etoro is popular among beginners because it gives you access to social trading networks. This gives you a chance to share tips or borrow from already successful traders to make better decisions.
However, if you are struggling to find the right trades, etoro has another solution to find successful traders and copy their trades.
It’s a win-win situation so, if you find a trader with a track record of successfully buying and selling Dogecoin, you can automatically invest a portion of your money in the trade based on their trades.
2. Erming – Purchase Order
Binance is one of the most popular platforms for anyone looking to get into Crypto trading.
It is great for buying Dogecoin and allows for 2 days of trading and swing trading.
After the original company was banned for regulatory reasons, it was announced that the director would be subject to US regulations.
It is regulated in the US only, so be sure to use “index us” Second Bank’s platform is equipped with powerful analytical tools that can help you make informed decisions about buying and selling Dogecoin.
There is also space for your own custom tools, such as indicators and trading bots, which means you can deploy 100% automated trading strategies.
Unlike eToro, the entire order book for each cryptocurrency appears on the Binance platform.
This enables you to view price movements in real time Transaction costs are low, with a commission of only 0.10% However, credit card transactions will be subject to an additional commission of 2% or more when purchasing Dogecoin.
Coinbase is one of the most popular cryptocurrency exchange platforms in the world, with a customer base of over 30 million users. The main competitive advantage is that buying cryptocurrencies for the first time is easy.
For example, it takes less than five minutes to set up your account and make your first purchase and purchase of DogeCoin.
The supported payment methods are debit/credit card and bank transfer for every crypto transaction made on Coinbase, you will pay a commission of 1.49%, making it one of the most expensive platforms if you are planning to use a card deposit method, prepare for 3.99%.