BusinessOnline Investing


HOW TO BUY DOGECOIN DOGECOIN? Among the various cryptocurrencies that exist today, Dogecoin is undoubtedly one of the most interesting. Often called “joke currency” or “meme currency”, the asset was created to be fun. Dogecoin can be purchased on Binance. And therefore not to be serious. Its symbol is the famous Shiba Inu puppy that went viral on the internet years ago. But that is not why its history or participation in the crypto market is no longer critical. After all, since it was created, this token has gone from being a mere tipping mechanism on networks like Reddit and Twitter to a cryptocurrency with real potential for making investments.

What is Dogecoin (DOGE)?

This is a cryptocurrency that emerged in 2013 from the partnership between American Billy Marcus and Australian Jackson Palmer. The duo intended to create a fun crypto asset with a level of appeal capable of attracting a consumer audience.HOW TO BUY DOGECOIN DOGECOIN

Thus, the initial use of the Dogecoin token was as a reward to Reddit and Twitter users for posting quality content. But over the years, its importance in the crypto market has increased, although, to this day, its value has not dawned. And one of the main reasons for this was Elon Musk’s opinion on cryptocurrency.

On more than one occasion, the Tesla founder has said that Dogecoin was his favorite cryptocurrency. Naturally, this drew the attention of many people to her. Today, as an altcoin, DOGE stands out as an exciting investment option.

Brief technical history of DOGE

Creating Dogecoin within blockchain networks is different from many other tokens. This is because it takes place using Scrypt technology. It replaces the Proof-to-Stake (PoS) protocol used in many other cryptocurrencies. Also, your block time is one minute, and there is no limit on your total supply.

Several billions of cryptocurrencies have already been mined by independent initiatives and mining pools. Its community is very active, putting it in several important events, especially sports. In addition, this is one of the cryptocurrencies accepted as a payment method by Burger King.

creating account

An important warning is for those who have never bought a cryptocurrency and intend to start with Dogecoin. It would help if you had a digital wallet to store your tokens. There are several apps to do this. In the specific case of DOGE, Coinomi, Dogecoin Wallet, and Jaxx stand out. After completing this process, go to the Binance website and register. To do this, click on the “Register” icon at the top right. Next to it is the “Login” tab, which can be used to enter the site once you have entered your details.

make deposit

After carrying out this process, purchase the Dogecoin cryptocurrency from the “Buy Crypto” menu. It is located at the top of the site in the left corner.

By placing the cursor over it, you will access a menu. It is possible to locate the token of your choice, define the payment method, and other details of your transaction.

Buying Dogecoin

Locate the DOGE and follow the on-screen instructions to complete your purchase in this space. You can also purchase it from the Binance trading area if you prefer. It is at the bottom of the site, under the “Start trading now” menu. Search for Dogecoin and select your token. Then, complete the transaction by accessing the button at the bottom of the website if you are logged in. Suppose you are there without your data; press “Enter” to log in to the platform and complete your transaction.

Is it worth buying Dogecoin (DOGE)?

It’s been a while since this simple “Meme Coin” stopped being a joke. Gradually the token is gaining more and more value, making it an investment option for some.

Also, watch.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button