Is the Dogecoin Price Going to the Moon?! Here How to Buy Dogecoin
Dogecoin to USD has proven remarkably resilient over the years. In fact, Dogecoin is one of the space’s big success stories, having grown from a price measured in ten-thousandths of a penny to its current standing at right around 1 cent. Dogecoin has even proved more hearty in times of market turmoil, making it a relative safe haven when compared to other longstanding cryptos.
There are a bunch of good reasons to buy Dogecoin. Most of them have already been stated, but they bear repeating.
The Dogecoin price is likely to rise. It’s a massively popular, growing cryptocurrency with real use cases.
The Dogecoin price makes it a low risk method for new crypto users to buy, sell, trade, and store coins.
Dogecoin buy opportunities are many, because it’s a strong currency that you can buy stuff with.
Dogecoin is minable, but you can’t use expensive ASICs on it like with Bitcoin. Doge for all!
It’s fun! Crypto gets so serious. Bring a little Wow into your life by becoming a part of the Dogecoin community.
Buy some Dogecoin if you’re just learning about how crypto works, because if you mess up you won’t lose much money!
Buy Dogecoin for a future that can only be described as “UP”.
How to Buy Dogecoin
You can’t just buy Dogecoin with Paypal or buy Dogecoin with a credit card. You’ll have to first buy some Bitcoin and transfer that to an exchange like Poloniex or Bittrex where most of the Dogecoin in the world is bought and sold.
Setting Up an Account With Bittrex So You Can Buy Dogecoin
Now that you have your Bitcoin, you’ll need to open an account with Bittrex, Poloniex, or one of the smaller exchanges out there right now. We’ll go with Bittrex because of its long history with Dogecoin (“very loyalty”).
Step 1: Go to Bittrex.com and make an account just like you would with Facebook or Gmail or anybody else. Choose a unique username and password, then do the thing robots can’t do.
Step 2: Click the link in the verification email that Bittrex sends to you. This will link your email to your Bittrex account, which in turn will allow you to log in for the first time.
Step 3: Engage 2 Factor Authentication (2FA). This is another layer of security you can have on this important financial account. You’ll download a phone app which will display a new 6 digit code every 30 seconds. When you login to your Bittrex account to buy Dogecoin, you’ll have to input this code in addition to your password. Even if a hacker steals your password, they won’t have access to the code on your phone, so you are less likely to be hacked and have your precious Doge burgled.
Step 4: Go back to your email and click the link in the registration message you see there. This unlocks all basic trading functionality. You’re good to go. To the moon!
How to Send Your Bitcoin to Bittrex So You Can Buy Dogecoin at the Low Low Dogecoin Price!
Step 1: Go to the “Wallets” section of your new Bittrex account. Here, click on the “+” sign beside the Bitcoin wallet, which will always be right near the top of the pile (Bittrex gives you 1 wallet for every coin they support, not just the ones you own). The popup screen will show you an address. This is the address to which you will send all future Bitcoin to Bittrex. Copy the address and head over to the wallet that holds your Bitcoin. For this example we’ll use the Exodus Wallet.
Step 2: Select “Send Bitcoin”. This will bring up a screen that has a space for the address you just copied. Paste that bad boy. Next, select how much Bitcoin you want to send to your Bittrex Bitcoin address so you can make your first Dogecoin. We recommend “Much Bitcoin, Very Value”.
In a few minutes, the Bitcoin will arrive in your Bittrex account. From here you can buy any coin that Bittrex supports. But you’re not interested in just any coin. You’re hungry for the Doge and the Doge only. Next we’ll show you how to buy Dogecoin to have and to hold.
How to Buy Dogecoin With Bitcoin on Bittrex
We can feel your excitement. It’s time to buy Dogecoin for real.
Step 1: At the top of the screen, click “B Markets”. Type “DOGE” into the text box. This will bring up the BTC/DOGE market link. Click it!
Step 2: In this screen you can see a lot of information. You can see the chart that shows you how the Dogecoin price has grown in recent days. On the right you’ll see what the current highest Bid price (the highest price at which some trader is currently offering to buy 1 DOGE) and the lowest Ask price (the lowest price at which some trader is offering to sell 1 DOGE). At the bottom you’ll see interfaces that will allow you to buy and sell Dogecoin.
In the “Bid” portion of the Buy Dogecoin trading interface, put in the price you would like to pay for 1 DOGE. You may want many more than 1 DOGE, but this system determines your price by learning how much you’d pay for one, then asking for how many you want. Above that, put in the number of DOGE you want to buy. If you just want to buy as much as you can with the Bitcoin you have, click “Max”. Now, at the bottom of the screen you’ll see what this order costs.
If you click “+ Boy Dogecoin”, your order will go out into the marketplace where Bittrex will try to pair your Bid with an open Ask. If you asked for a price right around the Dogecoin price that is currently displayed, your order will usually be completed in seconds. If you asked to buy Dogecoin at a lower price, hoping that the price would go down soon (much frugal!), your order will be filled if and when the market price falls to that point.
How to Send Your Dogecoin to the Dogecoin Wallet For Safekeeping
Dogecoin has some of the best wallets in all of crypto. Head on over to www.dogecoin.com/gettingstarted/ and download the wallet of your choice to your computer or phone.
Once it’s installed, open it up, follow the prompts, take note of any private keys or secret codes (these are the only way to regenerate your wallet if your phone dies or you lose your password!), and find your deposit address.
Copy this deposit address and go back over to Bittrex. Go into the “Wallets” section, and click “-” on the DOGE wallet for “withdraw”. Select how many DOGE you want to transfer, then click the transfer button.
The reason you want to do this is that coins kept on exchanges are vulnerable. Bittrex has had some major difficulties dealing with the overwhelming demand entering the crypto markets. This has led the site to have slow or limited functionality on certain occasions.
The other factor is hacking. There are plenty of thieves who would like to steal your Bittrex DOGE, and this has happened in the past. Keeping your DOGE in a personal wallet makes them much less of a target for thieves.
Short answer, much probably. Longer answer, if you believe in the Dogecoin project and think that the Dogecoin price is going to rise, why not go for it?
Can I buy Dogecoin With Credit Card? Can I Buy Dogecoin With USD? Can I Buy Dogecoin Instantly? Can I Buy Dogecoin With Debit Card? Can I Buy Dogecoin With Paypal?
The answer in all cases is “No”. Buy Bitcoin through the usual channels, then send it to an exchange that handles DOGE.
Can I Buy Dogecoin With Bitcoin?
Yes. Check how in this guide.
What is Dogecoin in USD?
1 Doge = 1 Doge. But 1 Doge = about .01 USD.
What if I wanted a Different Dogecoin Exchange?
You have your options. Other than the Bittrex option introduced in this guide, you could go with Poloniex, Cryptopia, CoinEgg, CoinExchange, Gate.io, Kraken, Koineks, YoBit, and a bunch of other exchanges you probably haven’t heard of. Check out the complete list here if you need to find one that’s available in your country.
How to Buy Dogecoin
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CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Your capital is at risk.
Past performance is not an indication of future results. Trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Prices may go down as well as up, prices can fluctuate widely, you may be exposed to currency exchange rate fluctuations and you may lose all of or more than the amount you invest. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. If you are unsure, seek independent financial, legal, tax and/or accounting advice. This website does not provide investment, financial, legal, tax or accounting advice. Some links are affiliate links. For more information please read our full risk warning and disclaimer.