![]() ![]() It is one of the only publicly traded crypto exchanges in America. This may be because Dogecoin started as a joke, but is likely to start changing as Dogecoin’s longevity serves as a proof-of-concept.Ĭoinbase is one of the most well-known crypto exchanges. ![]() Unfortunately, if you are trying to decide where to buy Dogecoin, Coinbase is not an option.Īs mentioned above, it is surprising that not all reputable exchanges support the exchange of Dogecoin. Make sure to choose the crypto wallet that best fits your needs. Hardware wallets are best suited for secure, long-term storage. A mobile and web wallet will make transactions easy. If the exchange gets hacked or goes bankrupt, you may end up losing your Dogecoin.īoth hardware and a software wallet give you control over the public and private keys required to make crypto transactions. If you keep your Dogecoins on the exchange, you’ve given up the control of the coins. This means that you have to withdraw your Dogecoin from the exchange and transfer it to the Dogecoin wallet that you set up in step 1. This reduces the risk of your cryptocurrency being lost or stolen. No matter how secure the exchange that you chose, it is always sensible to store your cryptocurrency in a wallet rather than on an exchange. Safely storing cryptocurrency is no laughing matter. Click on Buy Crypto, select Dogecoin, and choose your payment method. Once you have chosen your crypto exchange, follow all of the instructions on the exchange’s website. Binance, Bitpanda, and Kraken are popular crypto exchanges that do support Dogecoin transactions. For security reasons, you must do your research on the Doge exchange you choose. Only a handful of vetted cryptocurrency exchanges offer an option for purchasing Dogecoin with Dollars or Euros. Surprisingly enough, it can be tricky to find a reputable exchange to purchase Dogecoin on. A cryptocurrency exchange allows you to deposit fiat currency, like Dollars or Euros, and get a cryptocurrency, like Dogecoin, in exchange. Where to buy Dogecoin? Once you have a Dogecoin wallet, you need to find a Doge Exchange. A Dogecoin address is a long string of letters and numbers that starts with a capital D followed by a number or another capital letter. Once you have your Dogecoin wallet it’s time to get your Dogecoin address. You can choose a Doge-specific wallet or select a multi-currency wallet. Make sure to take the necessary precautions and only download official or highly recommended wallets. A software wallet is considered less safe than a hardware wallet because it might be vulnerable to malware. It will store the private key to your Dogecoin on your device, whether that be a mobile phone, desktop, or laptop computer. ![]() Most hardware wallets for sale will support not only Dogecoin but other crypto assets as well.Ī software wallet is generally free to use. A hardware wallet does require an initial investment – you need to buy the hardware. A hardware wallet is one of the safest wallets available. The first choice you have is choosing between a hardware and a software wallet.Ī hardware wallet is an offline, physical device that stores the private key to your Dogecoin. There are different types of wallets for you to consider, and each wallet can vary in terms of features, usability, and security. There’s no shortage of options when it comes to Dogecoin wallets. This is where your newly acquired crypto asset will be safely stored. The first step when you are buying Dogecoin is to get a Dogecoin wallet. Make sure to compare exchange fees and the security features of each exchange. It is important to find a trusted global crypto exchange. This makes Dogecoin less valuable as a store-of-value commodity. It is less appealing to investors focused on long-term portfolio growth.ĭogecoin is an unlimited cryptocurrency, which means a limitless supply of Dogecoins can be mined. Dogecoin is still best suited to hobbyists or users who are interested in peer-to-peer transactions. Over the past couple of years, each coin has dramatically increased in value. Part of this is due to the strong community surrounding Dogecoin.Įach Dogecoin used to be worth a fraction of a dollar. These crypto transactions do not pass through a centralized middleman, like a bank.Īlthough Dogecoin was originally founded as a joke, it has become a successful cryptocurrency in its own right. Dogecoin transactions travel directly from person to person over the internet. It is a form of digital money that can be used for peer-to-peer transactions across a decentralized network.
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