A Step-by-Step-Guide on how to buy Dogecoin (DOGE)
Step 1 – Signup to CEX.io You will first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Dogecoin (DOGE) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Dogecoin (DOGE) As soon as your deposit has been confirmed, you will now have access to your funds and you can commence purchasing and trading. To purchase Dogecoin (DOGE) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To find Dogecoin (DOGE), you will need to insert the cointype (DOGE) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “DOGE/BTC” to progress.
Step 4 – Purchase (DOGE) Dogecoin Once you've spotted (DOGE) Dogecoin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our own Limit Order. The ”Price” field will be automatically filled with the latest rate (DOGE) Dogecoin was sold for. You can change this to your desired price. The ”Amount” field is the quantity of DOGE you want to buy. The ”Total” field is the total price in Bitcoin that you will settle for the complete quantity of DOGE. When you are happy, click on “Buy DOGE”. Your plan will be filled when a Vender trades their DOGE for the price you gave.
Step 5 – Withdraw Dogecoin (DOGE) Unless you are trading, best advise is not to keep crypto on an Exchange for an longer time period. To withdraw your Dogecoin (DOGE), go to the tab called “Funds” and click on “Withdraw”. Dogecoin (DOGE) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Dogecoin (DOGE) by using the provided drop-down box. Drop in the amount of Dogecoin (DOGE) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.