The question on everyone’s minds is how to buy Dogecoin and where to buy Dogecoin. Well, no need to worry, we are here with all the information you need. Keep reading to find out all the Dogecoin updates.
What is Dogecoin?
Dogecoin is a cryptocurrency originally created in 2013. The currency is a mixture of two pop culture events of 2013. It is a parody of bitcoin and the meme dog called doge. While the currency itself isn’t anything great, it has become the centre of attention recently.
It was created by Billy Markus and Jackson Palmer as a joke but today it is a trending topic. Dogecoin’s price was driven up by Reddit users in a rally recently. This was soon after the Reddit takeover of Wall Street using Gamestop.
However, after the rally, the Dogecoin price plummeted again. This had a lot to do with companies like Robinhood banning Dogecoin and its equivalents.
Now, on February 4th a new rally will take place across platforms. Before that happens you should find out how to buy Dogecoin and How To Buy Dogecoin. Invest now and get in early in an exciting venture. Soon there will be an even greater push to get the currency to hit 1 dollar.
How to buy a Dogecoin?
In order to know how to buy Dogecoin, you will need to open an online account with a cryptocurrency broker. As of now, Robinhood is not accepting Dogecoin. Sites like Binance, Stormgain and eToro X, WazirX that let you trade with Dogecoin.
After opening an online brokerage account and a virtual account with any one of these exchanges you can officially get started.
Open the trading platform on the broker you are signed up to. See what is the current rate at which Dogecoin is trading. This is an important step as you should always know what you are getting into.
Now that you have figured out where to buy Dogecoin, you can see how to buy Dogecoin. Place an order based on your specifications. The broker site will offer you various ways in which you can place an order, so choose what is most convenient. Always keep in mind the Dogecoin rate and your own funds.
Buy whichever amount you can by placing an order. This will be handled by your broker. Soon, you should see your amount of Dogecoin in your exchange virtual wallet. However, once this is done, you will need to decide how to make a profit.
Sites like eToro X also offer a more permanent bough wallet that keeps your Dogecoin safe from theft. You should ideally trade or sell your Dogecoin to make a profit. However, if you wish to make a long term investment you can keep it in such a wallet.
If you are making a profit, sell the Dogecoin as soon as you buy it. However, if the trend is falling or sell after some time when the price goes higher.
Dogecoin To A Dollar! Dogecoin To 1$ Seems A Reality According To Experts
FAQ on how to buy Dogecoin
- Has dogecoin been used as an actual currency?
Ans. Dogecoin has not been made of official use yet. It has only been used for trading.
2. Will Dogecoin reach 1 dollar?
Ans. According to price predictions, the Feb 4th really may make Dogecoin rise to 1 dollar.
3. Is dogecoin overtaking bitcoin?
Ans. Though it has not yet, that is certainly a possibility.
Conclusion
Dogecoin is the biggest investment opportunity right now. Take this chance and make smart decisions on the market. Due to dogecoin, the world of cryptocurrency is rising again. Because of the rise in Dogecoin other currencies are also rising so don’t forget to invest there as well.
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