First of all, I just want to say that any crypto trader who wants to be a bit more psychologically healthy should absolutely own some DOGE.
Dogecoin, the “doge” part pronounced like “dough” with the weird “g” sound from “bourgeoisie”. “Doge” is a whimsical internet rendering of the word “dog”, and the Shiba Inu is the mascot dog of this time-honored joke cryptocurrency.
Dogecoin is a meme coin, there’s no denying that. It was basically started as a joke, and has since then brought much mirth to the space. The Doge community brought a Jamaican bobsled team to the Olympics. Doge sponsored a Nascar driver and got the car painted with the logo. Doge funds a Kenyan clean water charity. Finally, the Dogecoin community is one of the largest and perhaps the most helpful of all crypto communities. What’s not to like?
A new investor might feel the need to sneer at all of this, but 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.
Buy some for your happiness. Buy some for your financial health. We like Dogecoin for all of the above.
- 1 How to Buy Dogecoin – Step-by-Step Guide
- 1.1 Buying Bitcoin So You Can Buy Doge
- 1.2 Setting Up an Account With Bittrex So You Can Buy Dogecoin
- 1.3 How to Send Your Bitcoin to Bittrex So You Can Buy Dogecoin at the Low Low Dogecoin Price!
- 1.4 How to Buy Dogecoin With Bitcoin on Bittrex
- 1.5 How to Send Your Dogecoin to the Dogecoin Wallet For Safekeeping
- 1.6 Dogecoin FAQ
- 1.7 Final Thoughts on Dogecoin
Why Buy Dogecoin?
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.
How to Buy Dogecoin – Step-by-Step Guide
Well that was fun. Now to the nuts of bolts of how to buy a Dogecoin.
Buying Bitcoin So You Can Buy Doge
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.
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.
Final Thoughts on Dogecoin
Dogecoin is more than just the Dogecoin price. Yes, Dogecoin is money. But Dogecoin is also a culture. It’s frequently used as a means of charitable giving. It’s a wellspring of spicy memes.
It’s also a supportive community. In the past, when users have had Dogecoins stolen, even when the sum is the in tens of millions, the community came together to donate their money back.
The Dogecoin price is also likely to rise. There is no more classic, established coin than Dogecoin. We think Dogecoin will still be here in 5 years, at which time the Dogecoin price will most likely be much higher than it is today. Dogecoin may be a joke, but a dogecoin investment is serious business.
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 as a fun gift for friends and people who might want to learn about crypto. Most importantly, buy Dogecoin for a future that can only be described as “Wow”.