- It is very important to note that Dogecoin is one of the oldest cryptocurrencies of all.
- Dogecoin is also the one that quickly gained a lot of attention and a loyal community when it started out as a joke.
So, this is the content piece where people will tend to understand Dogecoin and ways to buy it. In December 2013, this coin was created by Bill Markus, who is a programmer from Portland, Oregon. In the initial stage, it was introduced as a joke cryptocurrency, but after some time, it gained a lot of attention and online following. Just because of this, it is now considered one of the most popular cryptos.
How to Purchase Dogecoin (DOGE)?
So, this is the section where people will understand how to purchase Dogecoin and it is also the one that is used as a form of tipping by the community on platforms like Reddit and Twitter.
There are many options where people can very easily purchase different cryptocurrencies, including Dogecoin, that too has the lowest fees and highest security. Below is the step-by-step guide to purchasing Dogecoin (DOGE) at the lowest price.
Step 1: To Get a Dogcoin Wallet
Now, this is the first, easiest, and simplest step to get a Dogecoin wallet. People should always know that there is no shortage of options when it comes to the selection of a Dogecoin wallet. There are also many different types of wallets that people should consider and yes, each and every wallet can always vary in terms of features, security, and usability.
Some Dogecoin hardware wallets include the Ledger Nano S and Nano X, which are considered one of the most popular choices that support not only Dogecoin but over 1000 different crypto assets. Apart from these, some Dogecoin software wallets include MultiDoge, Exodus, and Coinomi.
Step 2: Finding a Doge Exchange
Moving forward, people need to make sure that Dogecoin is the one that does not receive much support when it finally comes to finding a reputable exchange to buy it. There are only a handful of vetted exchanges that supply an option for purchasing Doge with dollars and euros.
It is very important to note that people can also buy Dogecoin through Binance, which is considered one of the leading cryptocurrency exchanges that supports the purchase of over 200 cryptocurrencies.
Step 3: Withdraw the Dogecoin
Now, coming to the last and final step, it is always sensible to store the cryptocurrency in a wallet rather than on an exchange. This is also something that reduces the risk of the cryptocurrency being lost or stolen.
So, here, people should always note to withdraw the Doge that they have purchased out of the exchange and into their wallet by using the address they got in Step 1. They need to also make sure that Dogecoin is not the one listed on the Coinbase.
Conclusion
So, last but not least, people need to make sure that Dogecoin is the one that is an established cryptocurrency that has been around since the year 2013. It also has a very passionate community that always enjoys fundraising and using Dogecoin to tip other users on Reddit and Twitter.