You’ve already probably heard about the cryptocurrency called ‘Dogecoin.’ Of course, if you’re looking to invest your time and money in buying these coins, you need to learn on how to buy it first from trusted sites online. Here’s how to buy yourself Dogecoin from Binance.
Binance is one of the most-trusted and safest way to get you started in your Dogecoin journey. Just like how Bitcoin or Ethereum buying works, dogecoin purchase in Binance is also quick and easy. Here’s how to do it for beginners.
Register a Binance account
The first step to take over your Dogecoin journey, to the Moon, is through opening an account in trusted financial sites like Binance, or even Kraken. These sites will guide you on how to start your crypto story, with all the things you can do, once you log-in.
Remember, it’s free to open an online account in Binance. Though, there might be fees to expect once you start your transactions.
To do this, just go to www.binance.com. Head to above tab and find ‘Register.’ You will be given a choice to log-in through email or mobile number. Put a referral ID for future discounts on fees. Tick the Binance’s Terms and the site will send you confirmation email with the code.
Input the code, and you’re good to go!
Deposit cryptocurrencies or fiat
In order to get your own Dogecoins, you must first purchase them through paying in other types of cryptocurrencies (Bitcoin, for example). Or even get your credit card and pay it with fiat currency. Once you’ve chosen which currency to use, go to ‘Wallet,’ then click ‘Overview,’ and finally, choose ‘Deposit.’
Let’s choose ‘Deposit Crypto’ in this tutorial.
Choose which crypto to deposit
Once done, you will see this choices on your screen. Pick which type of cryptocurrency will you be using for the transaction.
Once it’s done, the system will provide you the specific deposit address to start your transaction. If you’re confused, the address will be made up of letters, signs, with capital and small letters to make sure it’s unique from other addresses. You just hit the copy address on the screen.
After this, you can now send the amount you want to deposit to the address you copied. Commonly, transactions like these may take up to half an hour to complete, so don’t expect the funds to be available on your Binance account instantly.
Once the time is up, you can check your Binance Transaction History to know more about your transactions. In here, you will know how much amount was deposited from your bitcoin address, including the time and date it happened.
Buy Dogecoin now!
Finally, after doing all the above steps, you can now buy your first set of Dogecoin. Just go to ‘Exchange’ on the upper left side of your computer. Then go to the search bar below. Type ‘DOGE’ and click the DOGE/BTC icon.
Scroll downwards and you will see the screenshot above with the Buy Doge and Sell Doge buttons. Of course, just input the amount of Dogecoin you will be buying and hit Buy Doge. Wait for the confirmation and you’re done!
Cryptocurrencies are volatile investments, as of today. Remember that investments like these have their risks. Make sure you have the proper knowledge before investing.