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If you are looking to get into the cryptocurrency game, then Dogecoin might be for you! The easiest way to buy Dogecoin is through an exchange. Several exchanges offer this service, and they all have different fees, security measures, markets, etc. This blog post will walk you through the process of buying Dogecoin on any exchange so that you may know that how to buy dogecoin.
- Sign up
It’s essential to have an account on the exchange that you are planning to use. There are tons of sites out there where people complain about the difficulty in signing up for businesses. But, the process only takes minutes before you’re ready to move on to step two.
- Deposit money
Once you’ve logged in, it’s time to deposit funds. Most exchanges accept PayPal and bank transfers (ACH). Each business has its fee structure, so be sure to read up on that before continuing onto step three. Once the money is sent, this process will start moving a lot faster than if you were doing everything manually!
- Buy Dogecoin
Most exchanges have a buy section where you can choose the coin that you want to purchase. The exact process applies to buying Dogecoin as it does with any other cryptocurrency. Just enter in how much money you’d like to spend and then type in your wallet address. This will take some time, so be patient! That’s all there is to it when purchasing Dogecoin from an exchange!
In just a few minutes, your coins are sent directly into your account on whatever site they’re being held at (i.e., exchange or another wallet service). One thing to note is that if you plan on storing these coins off of the business for long periods, make sure not to keep them on the exchange itself. The safest place to store a cryptocurrency is in a secure wallet that you have complete control over.
- Secure Your Wallet
There are many different places to secure your coins. The safest way is through offline storage (cold wallet). For the average user, this might be overkill, and it’s probably not worth eating up that much electricity just for these few doge coins.
Most exchanges will give you an option to download a software version of their wallet onto your computer. If they don’t, then make sure that they end up in the exchange itself instead of sitting on some unknown address online! That would be even worse than putting money in an actual bank because at least there people monitor who has access to what accounts.
On top of all of the above steps, here are some other tips:
– Use unique passwords and usernames for each exchange and other online accounts.
– Make sure to use two-factor authentication whenever possible (ex: Authy)
– Don’t leave any coins on an exchange because if they get hacked, you’ll lose everything!
– Make sure to use a VPN when browsing the web and also download antivirus software.
– Use common sense and don’t click on any links or download anything that looks suspicious.
– Make sure to back up everything, so nothing wrong happens to your precious dogecoins.
– Don’t leave your computer on 24/hr; make sure to turn it off when you’re not using it.
– Make a copy of the wallet software onto an external hard drive or USB stick so if anything wrong happens to your computer, then at least they won’t get all of your coins.
-Also, keep in mind that most wallets are just simple javascript files that can be edited by anyone who has access to them. This is another reason why keeping any amount of money online isn’t necessarily safe because someone could hack into these applications and change how much money you have.
– There are so many different wallets to choose from, such as Exodus, Jaxx, Coinbase/Coinbase exchange (it’s the same thing), and Copay.
– You can also download a wallet for your mobile phone, which is great because then you’ll always have access to your coins no matter where you go!
– The best value for money would be to buy an actual hardware wallet such as Trezor or Ledger Nano S because these are trusted wallets with lots of positive reviews online. They cost about $80-$100, but it’s definitely worth paying extra so that you know that all of your cryptocurrencies will always be secure.
Conclusion
Remember to stay safe and secure at all times since cryptocurrencies are still in their early days of development. You must follow the advice for staying completely anonymous online by using a VPN, Firefox browser with the No Script extension, Tor Browser Bundle (a must-have!), not typing your actual email anywhere on any website or app ever.
