What is Dogecoin?
Dogecoin or DOGE is an open-source cryptocurrency created by Jackson Palmer and Billy Markus in 2013. It was initially started as a joke, which soon gained traction and amassed a loyal community of traders. It has an easy-to-use and simple interface which allows sending and receiving DOGEs easily.
Earlier it was decided to limit DOGE to 100 billion coins. However, it was later decided that there would be an unlimited supply of dogecoins. Dogecoin is considered a legitimate investment by many people, and it is gaining popularity in the crypto market.
Where to Buy Dogecoin
Dogecoin is one of the most popular cryptocurrencies to buy. Dogecoin has now garnered a mainstream following due to its association with Elon Musk and the larger cryptocurrency community. Dogecoin is based on the “Doge” Internet meme, which is a picture of a dog. It is created by a decentralized, peer-to-peer network where miners, or people in charge of protecting the coin, cannot change the blockchain and can only verify transactions.
Dogecoin is available on a variety of cryptocurrency exchanges, many of which are reviewed by our editors in the guide below. They support fiat payments in USD and Euro via debit/credit cards and bank transfers. If you’re wondering where to buy Dogecoin online, look no further than the brokers and exchanges below.
How to Buy Dogecoin?
Here are the steps to buy Dogecoin (DOGE) with fiat currency:
Step1) Register your crypto trading account on the Binance site
First, you need to register on a crypto trading exchange like Binance by clicking Register Now Button
Step 2) Provide your email address and password.
Enter your email id and password, and press Create Account button.
Step 3) Complete the puzzle verification.
For the additional security measure, Binance asks you for the puzzle verification. All you need to do is just drag and drop your mouse to complete the puzzle.
Step 4) Complete the Account Verification
Now, check your email and enter the verification code by the Binance platform
Step 5) Complete your registration process
Enter credit card and billing details and proceed with your DOGE purchase.
- Select the Trade menu
- Press the Convert option to convert your fiat currency into Doge
Step 6) Go to the Convert & OTC Portal screen,
1. Select Fiat currency you want to deposit and enter the amount you want to convert into a DOGE coin (In this example, we have selected Euro)
2. Then press the Preview Conversion button
Step 7) Enter the amount and check your EURO to DOGE conversion
You can check the amount of DOGE you will receive after conversion. If you feel all is okay, press the “Convert” button to proceed and complete your transaction.
Step 8) Your conversion process is successful!
You can check the final updated status of your transaction by clicking on View Status. Now you have Dogecoin in your crypto account.
