A Step-by-Step-Guide on how to buy Dogecoin (DOGE)
Step 1 – Join CEX.io You will first need to purchase units of the major currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Dogecoin (DOGE) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Dogecoin (DOGE) Once your deposit has been approved, you will now have access to your assets and you can initiate buying and trading. To buy Dogecoin (DOGE) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. In order to spot Dogecoin (DOGE), you will need to put the cointype (DOGE) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this too. Click on “DOGE/BTC” to progress.
Step 4 – Purchase Dogecoin (DOGE) Once you have located Dogecoin (DOGE), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The ”Price” field will be filled with the most recent tariff Dogecoin (DOGE) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of DOGE you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of DOGE. When you are happy, click on “Buy DOGE”. Your plan will be filled as soon as a Vender sells their DOGE for the price you gave.
Step 5 – Withdraw Dogecoin (DOGE) Unless you're regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your Dogecoin (DOGE), hover over the tab called “Funds” and click on “Withdraw”. Dogecoin (DOGE) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Dogecoin (DOGE) by using the provided drop-down box. Put into the amount of Dogecoin (DOGE) you'd wish to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.