How To Buy Dogecoin in 2022
Dogecoin is a cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke. They decided to name the coin after a popular meme of “doge” (featuring a Shiba Inu dog).
Decide on an Amount
Before diving into Dogecoin, make sure you decide on a reasonable amount that you're going to purchase.
1
Pick a Cryptocurrency Exchange
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.
2
Choose a Payment Option
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.
3
Place a Dogecoin Order
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.
4
Consider Storing Your Dogecoin
When you buy Dogecoin, it is typically stored directly on the exchange where you made the purchase. However, some people prefer to keep their coins in a cryptocurrency wallet (or blockchain wallet).
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How To Sell Dogecoin
Though it does indeed take several steps to buy Dogecoin, the process for selling Dogecoin is quite simple.
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Though Dogecoin initially started as a joke, it has garnered tons of support and built a strong community around itself over the past year.
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