With its solid performance in 2021 (and lots of media hype), Dogecoin may seem like a desirable option for investors looking to gain exposure to the cryptocurrency market and build wealth. That being said, it's important to remember that to invest in Dogecoin is the same as investing in any other vehicle: you need to do your research and set up realistic expectations. Remember with any investing capital is always at risk so never invest more than you can afford to loose.
So you've done your research and decided that you want to purchase Dogecoin, whether to enter the digital coin market or acquire some virtual money or add to your coin wallet and earn some interest. You'll probably be wondering how to buy Dogecoin exactly. Here's how to do so, step by step.
Before diving into Dogecoin, make sure you decide on a reasonable amount that you're going to purchase. Experts recommend that you don't invest more than you can afford to lose regarding cryptocurrencies.
To buy Dogecoin, you'll need to open an account on a cryptocurrency exchange. This exchange is an online place where buyers and sellers meet to buy-and-sell cryptocurrencies.
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Before buying any crypto-currency or making trades, you'll need to deposit some money in your account. Most exchanges will let you deposit money directly from a chequing or savings account. Some will accept wire transfers or PayPal transfers.
Once your money has gone through and is sitting in your account, you can place an order for Dogecoin. You can search for Dogecoin via its name or by typing in its ticker: DOGE. Then, specify how many Dogecoins you want to buy (or what dollar amount you wish to pay), and your anonymous purchase of Dogecoin should go through.