What kind of investor are you? If you’re like 4 million on-chain holders of Dogecoin, perhaps you like to have a little fun while putting your money into exciting new ventures.
When Bitcoin was revolutionizing the ways in which people would exchange currency, competitors were sure to follow. Rather than a serious investment opportunity, Dogecoin was founded in 2013 as a meme coin– a way to “stick it” to Bitcoin enthusiasts with the face of an adorable ShibaInu dog.
Whether you are a serious investor or just curious about how to buy this unique cryptocurrency, check out our guide on where to buy Dogecoin US.
The Dogecoin Story
Dogecoin co-founder Billy Markus noted that he created Dogecoin as a joke to encourage “some lightheartedness, kindness, and generosity” in the crypto world. The founders are dedicated to fundraising and charity work and have raised money for causes like fresh water in impoverished countries and the Jamaican Bobsled Team as they fundraised for the 2014 Olympics.
As far as investing is concerned, the cryptocurrency is making a name for itself as a legitimate investment opportunity. In May of 2021, it reached a market capitalization of $85 billion. It is rising in popularity as retailers and charities start to accept Dogecoin as valid currency.
Buying Dogecoin doesn’t have to be a complicated affair. Follow these steps for an easy transaction!
Choose Your Crypto Wallet
In order to buy Dogecoin, you’ll need to start with a crypto wallet. You can purchase two types of wallets:
- Hardware wallets – keep the private key to your Dogecoin offline on a physical drive
- Software wallets – store the private key to your cryptocurrency on a mobile phone, a desktop computer, or a laptop
Keep track of the credentials for your wallet so you can access the funds when you need them.
Locate Your Doge Address
A Dogecoin address is a long string of letters and numbers that uniquely identifies your Dogecoin wallet. It allows you to make the transfer of your Dogecoin into secure storage.
Start Trading Dogecoin
Once you have reviewed your wallet options and made the right decision for you, you can start buying Dogecoin. Find a Doge exchange and monitor the current Dogecoin price before making your move. Only a handful of vetted exchanges allow you to purchase Dogecoin with US dollars or Euros.
Withdraw From the Exchange
Don’t leave your crypto at the mercy of the exchange.
Once you have purchased your Dogecoin, withdraw from the exchange and store in your chosen wallet. This is important for the security of your currency. If the exchange is hacked, you risk losing your cryptocurrency.
Where to Buy Dogecoin US – Next Steps
Do you feel confident in your next Dogecoin investment moves? There are plenty of other cryptocurrency options– be sure to do your research to find the right crypto investment for your situation.
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