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
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.
Step 2
Select how you want to pay for your purchase. If you have a U.S. bank account, click Bank Account and follow the instructions on the screen to send payment. If paying with an international bank account, click PayPal and follow the instructions on the screen to make payment via PayPal. Otherwise, click Credit/Debit Card to make a credit or debit card payment.
Step 3
Create a Reddit account for your job posting. This can be done by clicking here. From there, you will need to fill out some information about yourself. Add an appropriate username and upload a picture of yourself. This is very important because employers want to know that you are who you say you are. When filling out personal information make sure not to give away any secret information that would allow someone to confirm that it is actually you behind all of these postings.
Step 4
Finalize Your Post and Create Visuals for Social Media.
Step 5
First, you need to open a Coinbase account, if you do not have one then click here to sign up and you will get $10 of free bitcoin after purchasing your first 100$ of any digital currency. Once you have created your account and logged in, look at the right side where it says buy/sell BTC using US dollars or Euros depending on what currency you use.
What is Dogecoin?
Founded in 2013 by programmer Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, Dogecoin is a decentralized, peer-to-peer digital currency. The coin was created as a parody on December 8th of that year. At first, it was simply another altcoin – with no real use case and only meant to be used as another internet joke. The idea behind it seemed funny at first but grew increasingly popular.
What is cryptocurrency?
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. I say theoretically because there have been instances where governments have exerted pressure on exchanges to drop certain cryptocurrencies. Legitimate cryptocurrencies that garner enough public interest will always survive such orchestrated clampdowns.
Buying Bitcoin
First Things First – CoinGecko: One of your first steps will be to set up a wallet to store your coins. While there are many wallets that are Bitcoin-specific, you have options for other types of digital currency as well. For example, you can use multi-currency wallets like Jaxx or Coinomi if you have a few different currencies in mind. If privacy is important to you, take a look at hardware wallets like Ledger Nano S or Trezor—both will keep your cryptocurrency funds secure while allowing access with just one physical device.
Purchasing DOGE
First things first, you need to make sure that your account is verified. If it isn’t, then follow these instructions on how to do so: Go to buy/sell and select Bitcoin. Type in your desired amount of DOGE into Bitcoin (example: 25000) Once selected, click Buy Bitcoin Instantly Hit Continue on the next page Hit Confirm Buy when prompted That should take care of that! Now we have to move our DOGE from GDAX over to Coinbase. So go back into GDAX and withdraw your DOGE.
Transferring DOGE from Coinbase to Exodus
Most of us want to hold our crypto assets in a wallet that we can control. This is why people move them out of Coinbase into a wallet where they have access and ownership of their private keys. However, you might be wondering how to transfer DOGE from your Coinbase account to Exodus. Luckily, it’s actually pretty simple! In today’s guide, I’ll show you step-by-step how to complete this process in just 5 minutes or less.
Sending DOGE from Exodus to your computer wallet
First, select your currency and click on the wallet. Then copy/paste your Dogecoin address into Receive Coin section. Make sure to check the Private box under Advanced Options (Optional). When you are ready to send DOGE from Exodus, click on the Send button. Paste your wallet address into the To Address box and click submit. Then fill in an amount that you want to send and click send funds. That is it!
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