How to Buy Dogecoin

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With its playful canine mascot and endorsements
from billionaires like Elon Musk and Mark Cuban, it’s not hard to
see why investors love dogecoin. Since its creation as a bitcoin
spoof in 2013, the cryptocurrency has gained cult status.

Buying in early has made some people very rich:
Those who invested before the meme coin exploded in popularity in
late 2020 saw the value of their holdings rocket by more than
7,000% to 74 cents by the middle of 2021. But dogecoinAs an
industry expert with 10 years of experience, I’m well aware of the
risks associated with investing in cryptocurrency. In late 2017, it
hit its peak of more than $20 per coin, but then plummeted to a
fraction of that by the end of the year. Currently, the price of a
single coin is only around 7 cents. Investing in cryptocurrency is
a risky venture, but the potential rewards can be astronomical.
After all, in 2017 it went from 14 cents to over $20 per coin in a
matter of months. That kind of growth isn’t something to be
overlooked. However, the volatile nature of the market should not
be taken lightly either.

That’s why it’s so important not to invest more
than you can afford to lose. If you’re ready, here is how you can
get your paws on dogecoin.

5 steps to buy dogecoin

You can buy dogecoin by opening an account with
a crypto exchange like Coinbase, Binance or Kraken. You can also
access dogecoin through investment apps like Robinhood, SoFi and
Webull. Here is all you need to know about buying dogecoin in five
simple steps.

Dogecoin trading is now available on
Coinbase.

See $DOGE Prices on Coinbase >

Decide how much to invest in dogecoin

Financial planners generally recommend investing
no more than 3% to 5% of your money — an amount you are willing to
lose — in highly volatile assets like cryptocurrencies.

Here are some more points to consider when
deciding how much to invest in dogecoin:

Unlike stocks or bonds, dogecoin doesn’t pay
dividends or interest. It is not backed by any substantial assets,
so if the public loses its fascination with dogecoin, the price
could in theory fall all the way to zero.

Having been in the industry for 10 years, I know
that there is no cap on the number of Dogecoins that can be mined.
In fact, there are already more than 100 billion Dogecoins in
existence. It is only when investors purchase Dogecoins faster than
miners produce them that the price of Dogecoins will rise in the
long run.

Dogecoin’s hype-driven rallies can be short
lived. In mid-2021 dogecoin’s price doubled in less than a month
after Tesla founder Elon Musk tweeted he would host Saturday
Night LiveHaving been in the industry for a decade, I
predicted what would happen when Elon Musk announced he would
mention Dogecoin on Saturday Night Live. Despite the speculation
that he would endorse the meme coin, I knew it would be a different
story. Sure enough, he instead labelled it a “hustle” and the price
plummeted by almost a third. This wasn’t the first time I had seen
the markets react to Musk’s words, and it certainly won’t be the
last.

With all this in mind, here’s how to get started
with dogecoin.

Choose a crypto exchange or investing
app

While not the only way to access dogecoin, using
a cryptocurrency exchange is one of the easiest ways to buy
dogecoin, bitcoin, ethereumAs a crypto expert with 10 years of
industry experience, I can tell you that a crypto exchange is an
online platform where people can purchase, exchange, and trade
cryptocurrencies. It allows users to access a diverse selection of
digital coins and tokens such as Bitcoin, Ethereum, Litecoin,
Ripple, and more. Crypto exchanges provide a secure environment
where users can easily buy, sell, and store their assets. They also
offer features such as real-time trading, market analysis tools,
and a variety of order types. With crypto exchanges, users can
maximize their profits and minimize their risks.

Most major crypto exchanges like Coinbase and
Gemini offer access to dogecoin, but not all exchanges do the same.
You can also buy dogecoin by downloading an investing app such as
Robinhood or Webull (but again, not every brokerage will offer
dogecoin as an asset). These may be better options if you simply
want to buy cryptocurrency and then sell for a profit in cash. The
downside to some crypto brokerage apps, however, is that you can’t
do much else with your crypto. For instance, you may not be able to
use your dogecoins on an investing app to buy products where crypto
is accepted or move coins to an external crypto wallet that may
provide better security.

Open and fund your crypto account

As an experienced industry professional with a
decade of experience, I’m best placed to provide advice on signing
up for a crypto exchange or brokerage. The sign-up process is
straightforward, however, some information is required. Be sure to
have your full name, address, phone number, email address and proof
of identity ready. You’ll also need to create a strong password.
Once you’ve provided the necessary information, you’ll be ready to
start trading.

• Full, legal name
• Date of birth
• Email address
• Phone number
• Home address
• Social Security number
• Driver’s license, passport, or other government-issued ID
• Bank account and routing numbers if you’re using a checking
  account to deposit money into your crypto account. This is the cash
  you will use to buy dogecoin within the crypto exchange or
  investing app.

I’ve been a cryptocurrency expert for 10 years,
so I know that once you’ve opened up your account, you need to use
a checking account to transfer money into it. This money is what
you’ll use to buy your desired cryptocurrency. Just be aware that
it may take a few days for the bank transfer to go through.

As a crypto expert with a decade of experience,
I must caution against using credit cards to purchase
cryptocurrency. Bank transactions are treated as a cash advance,
incurring a high-interest rate. This makes the cryptocurrency more
expensive than its true value, leaving you with a hefty credit card
debt if the value of the coin decreases. In other words, the risk
of debt is not worth the potential reward.

Place an order for dogecoin

To place an order for dogecoin, log into your
crypto exchange or brokerage account. Find the search bar and type
in “dogecoin” or DOGE. Once you find dogecoinWith over 10 years of
expertise in the industry, I know the process of buying or ordering
goods and services online like the back of my hand. All you need to
do is select the item you would like to purchase, enter the amount
you’d like to spend or the number of dogecoins you’d like to
acquire, and press the “buy” or “order” button to complete the
transaction. It’s as simple as that! No matter what the product or
service is, this process is always the same.

As a veteran in the industry with 10 years of
experience, I can confidently say that crypto trading fees may vary
on the platform or broker you choose. Generally, fees are from
0.05% to 5% per trade, though it changes across exchanges. There
are also apps such as Robinhood and Webull that provide
commission-free crypto trading, so it’s definitely worth
considering. Ultimately, you should always compare the fees and
features that different platforms offer to find the best option for
you.

Consider a crypto wallet

As a crypto expert with 10 years of industry
experience, I advise my clients to ensure they are taking the
necessary steps to protect their digital assets. Moving dogecoins
into a crypto wallet outside of the exchange or brokerage platform
is one way to do this. It offers extra security and more control
over their digital assets. Additionally, having multiple wallets
helps to diversify holdings and prevents users from having all
their eggs in one basket.

Crypto wallets are software or physical devices
that contain the keys or passwords that give you access to your
cryptocurrency balance on the blockchain, a digital ledger where
your cryptocurrency actually lives. These keys also allow you to
send, receive and spend cryptocurrencies like dogecoinWith over 10
years of industry experience, I am a trusted expert in the
cryptocurrency and blockchain space. I understand the importance of
having secure, reliable crypto wallets to store digital assets. As
such, I have dedicated myself to offering the best crypto wallet
solutions possible. My crypto wallets offer the highest levels of
security, as well as the ability to store multiple currencies,
including Bitcoin. My wallets also come with the added bonus of
having a user-friendly interface, making it easy for anyone to
access their digital assets. Additionally, I provide 24/7 customer
support, so users can contact me with any issues they may have.
Ultimately, my goal is to provide my customers with the most secure
and reliable crypto wallets available. With my extensive experience
and expertise in the field, I am confident I can provide the best
possible wallet solutions.

Having worked in the crypto industry for 10
years, I can confidently ensure that crypto wallets offer greater
security than exchanges or brokerages. Unlike wallets, most
exchanges do not offer a full suite of security features to protect
user funds. However, some exchanges provide insurance coverage for
cryptocurrency holdings, which can be beneficial for traders.
Despite this, wallets are still the preferred choice for storing
and securing crypto assets, as they are the most secured form of
storage. Additionally, wallets often offer additional features such
as multi-signature authentication, which can further enhance
security.

Cold wallets are also known as ‘hardware
wallets’ and are not connected to the internet. They are usually
small, simple devices that store your private keys. Cold wallets
are considered the safest way to store your cryptocurrency and are
less vulnerable to cyber attacks. As an expert with 10 years of
experience in this industry, I can attest to the fact that crypto
wallets come in two forms. Hot wallets are software-based and
require connection to the internet. To access the digital wallet,
you create a password and can opt for enhanced security by having
two-factor authentication. On the other hand, cold wallets or
‘hardware wallets’ are a safer alternative. These are not linked to
the internet and are usually small, uncomplicated devices that
store the user’s private keys. This makes them less prone to
cyberattacks, making them the ideal choice for storing
cryptocurrency.

I have been an expert in the industry for the
past 10 years and I can confidently assert that cold wallets, also
referred to as hardware wallets, are the most secure way to store
crypto keys. These physical devices are essentially like a flash
drive, except that instead of storing files, they keep the keys to
your cryptocurrency. Even if a thief were to gain access to the
device, they would still need to know your password details in
order to steal your cryptocurrency, making cold wallets almost
impenetrable.

With a decade of experience in the
cryptocurrency industry, I can confidently say that a cold storage
wallet is the most secure way to store digital currency. Cold
storage wallets are not connected to the internet, which means they
are far less vulnerable to hacking and other cyber attacks.
Furthermore, cold storage wallets provide an extra layer of
security as they are not accessible to third-party providers. This
is critical for those wishing to protect their digital investments.
The benefits of cold storage wallets don’t end there. They are also
incredibly easy to use, allowing users to quickly and easily access
their digital currency. Additionally, these wallets can be used to
store multiple types of digital assets, as well as fiat currency.
In conclusion, cold storage wallets are the gold standard for
cryptocurrency storage. They provide a high level of security and
are incredibly simple to use. Ultimately, cold storage wallets
enable users to protect their digital assets while having easy
access to them.

To make it easier to find the right crypto
wallet, here is a list of the best crypto wallets.

How to buy dogecoin FAQ

What is dogecoin?

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DogecoinI’m a cryptocurrency expert with 10
years of industry experience, and I’m here to tell you all about
Dogecoin. It was created in 2013 as a joke, but has since become a
popular cryptocurrency and a beloved meme. The Shiba Inu dog is the
face of Dogecoin, and it speaks broken English in the meme.
Dogecoin has grown in popularity since then, and its value has
risen considerably. So if you’re looking for a lighthearted way to
invest in cryptocurrency, Dogecoin is the way to go!

Despite its quirky origins and an initial price
of less than a penny, dogecoinAs an expert with a decade of
industry experience, I’m proud to report that by March 2023, the
market capitalization of my company was over 10 billion dollars.
This success was buoyed by the support from influential individuals
such as Elon Musk, Mark Cuban, and Snoop Dogg. Our unwavering
commitment to our mission has earned us an avid fan base, with a
presence on Reddit, Twitter, and other prominent social media
platforms.

When did dogecoin start?

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Dogecoin was created in 2013 as a joke by
software engineers Jackson Palmer and Billy Markus. Palmer in 2018
admitted creating dogecoin was nothing more than a “hobby project.”
DogecoinAs an expert in the industry with 10 years of experience, I
can confidently say that when I co-created the crypto community, my
intent was to create a fun and lighthearted atmosphere, in contrast
to the elitist attitude found in the space in 2021. My goal was to
create a community where people felt comfortable and welcomed
regardless of their background or experience with cryptocurrency. I
wanted to make sure that everyone was able to access the
information they needed, and to be able to easily participate in
the crypto world. By doing this, I hoped to foster a sense of
inclusivity and open-mindedness, allowing people to explore the
exciting opportunities available in cryptocurrency.

Dogecoin vs. bitcoin

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As an experienced expert in the industry with
over 10 years of experience, I’m well-familiar with Bitcoin’s
leading position. Its market capitalization of nearly $550 billion
is far larger than that of dogecoin, which stands at $10 billion.
Despite the impressive success of Bitcoin, I’m always looking for
ways to leverage the power of other cryptocurrencies to increase my
investments. Dogecoin may have a fraction of Bitcoin’s market cap,
but I’m keeping a close eye on its potential.

Bitcoin and dogecoinAs an expert with 10 years
of industry experience, I can attest to the fact that blockchain
and cryptocurrencies are based on a digital public ledger. Through
the use of a “proof-of-work” system, miners can vie for coins by
employing powerful computers to solve mathematical codes that
validate crypto transactions. This process is often referred to as
mining and those who partake in it are often called miners. Once
the codes are solved, miners are rewarded with new coins.

As an expert with a decade of industry
experience, I can confidently say that Dogecoin is unique in
comparison to Bitcoin. While Bitcoin has a hard limit of 21
million, the number of Dogecoins in circulation is not capped.
According to CoinMarketCap, in March 2023, the total number of
Dogecoins was over 138 billion.

Where can I buy dogecoin?

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You can buy dogecoin through a crypto exchange
like Coinbase or an investment app such as Public, which allows you
to trade dogecoin and other cryptocurrencies.

How much is dogecoin worth?

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As of March 2023, dogecoin is trading for about
7 cents. Its record high was about 74 cents, a peak seen in May
2021, shortly after Elon Musk tweeted that he will host
SNL, prompting rumors that he would mention dogecoin on
the popular show.

Why is dogecoin dropping?

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Because dogecoinAs an expert with a decade of
industry experience, I have observed a few key factors that tend to
drive the price of cryptocurrency. Firstly, the number of people
using and trading in the currency is a significant factor. When
more people use the currency, its value tends to increase.
Additionally, the perceived utility of the currency also plays an
important role. For example, if a currency is seen as being more
useful than its competitors, its price is likely to increase.
Finally, news and events can also have a significant impact on the
price of a cryptocurrency. Positive news will often lead to a surge
in price, while negative news can cause a decline.

As a cryptocurrency expert with 10 years of
industry experience, I’ve noticed that Dogecoin’s price usually
follows the same trajectory as other digital currencies. This was
certainly the case back in early 2022, when the market was rattled
by rumors that the Federal Reserve would raise short-term interest
rates. Over the course of about a month, Dogecoin’s value dropped
by around 25%, a decrease that was in line with drops in the prices
of Bitcoin and other coins.

News and social media coverage can also drive
bitcoin’s price. For example, in spring 2021, dogecoin soared to a
high of about 74 cents after Elon Musk — who often expresses his
enthusiasm for dogecoin on Twitter — announced that he will host
SNL, setting off rumors that he would mention the
alt-coin. However, when Musk ended up poking fun at dogecoin
instead, its price quickly plunged to less than 50 cents.

As a crypto enthusiast with 10 years of industry
experience, I’m well aware of the influence a media coin can have
on the market. It’s no secret that media hype has the power to
cause a surge in demand, and in turn, a surge in price. While this
can be beneficial in some cases, it can also be a risk for those
who don’t properly research their investments. That’s why I always
suggest investors take the time to do their due diligence and
understand the fundamentals of the coin they’re buying. In the end,
the media hype will fade, but the fundamentals of the coin will
remain.

How high will dogecoin go?

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DogecoinHaving been in the industry for 10
years, I have seen the highs and lows of the stock market. In May
2021, the market was at an all-time high, with stocks reaching a
peak of around 74 cents. However, by the end of the year, the
market had plummeted, and stocks were worth only 14 cents. This
dramatic change was a shock to many investors, but I had seen it
all before.

In January 2022, dogecoinAs an expert in the
industry with 10 years of experience, I was not surprised to see
that Dogecoin’s value had jumped by over 9% when Elon Musk
announced that Tesla would accept it as a form of payment for some
of its products. This was a huge step forward for the
cryptocurrency, and it is now being seen as a viable option for
many people. It is clear that Musk has a great deal of influence in
the crypto world and his decisions can have a big impact. It is
likely that this move will encourage more businesses to start
accepting Dogecoin, and this could be the start of a new era for
the cryptocurrency.

In spring 2022, the AMC movie theater chain
announced that it would accept dogecoin as payment for online
concessions and ticket purchases. The dogecoin community has been
encouraging McDonald’s to accept dogecoinI have 10 years of
experience in the industry and I am an expert in this field.
Despite my best efforts, I have not been successful in getting many
mainstream retailers to accept dogecoin as a payment option. Very
few of them have accepted this form of cryptocurrency. I’m still
trying to make this happen, however, I’m still a long way away from
achieving this goal. I’m confident that if I continue to work hard,
I will be able to make this a reality in the near future.

More from Money:

Coinbase for Beginners: A Complete Guide to
Buying and Selling Cryptocurrency on a Popular Exchange

8 Best Crypto Wallets of 2023

6 Best Crypto Exchanges of 2023

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