Are you looking to purchase some Dogecoin? If so, it’s essential that you first start by learning how to get your own Coinbase wallet. By using the Coinbase wallet system, you’ll be able to store your Dogecoin and buy or sell it whenever you like! Once you have your Coinbase wallet, you can easily get started with buying and selling DOGE on the various exchanges that support this currency! Are you ready to learn how to buy Dogecoin on Coinbase? Let’s get started!
Coinbase allows users to buy bitcoin, litecoin, and Ethereum with credit cards or bank transfers, and keep the cryptocurrency in their wallet as an investment or use it to buy goods and services online. However, if you’re interested in buying Dogecoin instead of one of the big three coins supported by Coinbase, the process isn’t quite as straightforward—but still relatively easy once you are the know-how. Here’s how to buy Dogecoin on Coinbase Wallet
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Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide. It was created by Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than Bitcoin. As of September 2015, there are over 100 billion Dogecoins in circulation, with an exchange rate of $0.00026 and capitalization of USD 40 million. Dogecoin follows the design of Litecoin, as it is also Scrypt-based, but with a block time of 1 minute and transaction processing time of 1 minute and 40 seconds.
Buying cryptocurrency can be confusing, especially if you’re new to the scene and don’t know how to go about it. In this guide, we’ll go over the most important things you need to know before buying Dogecoin on Coinbase Wallet, one of the easiest and safest services for purchasing cryptocurrencies out there.
Everything You Need To Know About Buying Dogecoin On Coinbase Wallet
- What is Dogecoin?
- What is cryptocurrency?
- Buying Bitcoin
- Purchasing DOGE
- Transferring DOGE from Coinbase to Exodus
- Sending DOGE from Exodus to your computer wallet
Step 1 :
Setting Up Your Exchange Account & Verifying Yourself: Coinbase is one of today’s leading cryptocurrency exchanges. To start trading on Coinbase, you need to set up your exchange account by signing up and verifying yourself. This step requires name, email address, country of residence, and identity verification if you plan on depositing money or any other currency but dogecoin or bitcoin for that matter.