How To Buy Dogecoin in 2022

Dogecoin is a cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke. They decided to name the coin after a popular meme of “doge” (featuring a Shiba Inu dog).

Through the support of the coin by high-profile celebrities and business people like Elon Musk, Mark Cuban, and even Snoop Dogg. Today, the digital currency has a huge community, and the general market sentiment towards Dogecoin is becoming more and more favorable.

How To Buy Dogecoin: Step by Step

Decide on an Amount

Before diving into Dogecoin, make sure you decide on a reasonable amount that you’re going to purchase. Experts recommend that you don’t invest more than you can afford to lose regarding cryptocurrencies.

Pick a Cryptocurrency Exchange

To buy Dogecoin, you’ll need to open an account on a cryptocurrency exchange. This exchange is an online place where buyers and sellers meet to buy-and-sell cryptocurrencies.

Choose a Payment Option

Before buying any crypto-currency or making trades, you’ll need to deposit some money in your account. Most exchanges will let you deposit money directly from a chequing or savings account. Some will accept wire transfers or PayPal transfers.

Place a Dogecoin Order

Once your money has gone through and is sitting in your account, you can place an order for Dogecoin. You can search for Dogecoin via its name or by typing in its ticker: DOGE. Then, specify how many Dogecoins you want to buy (or what dollar amount you wish to pay), and your anonymous purchase of Dogecoin should go through.

Consider Storing Your Dogecoin

When you buy Dogecoin, it is typically stored directly on the exchange where you made the purchase. However, some people prefer to keep their coins in a cryptocurrency wallet (or blockchain wallet). These are designed to prevent thieves (hackers) from stealing your digital money like genuine wallets.

How To Sell Dogecoin

Though it does indeed take several steps to buy Dogecoin, the process for selling Dogecoin is quite simple. All you have to do is go to your exchange website (the currency market), enter the amount you’d like to sell, click confirm, and your order will be sent through and processed.

As always, be sure to do your research before making any financial decisions. That being said, once you’ve decided on an appropriate amount to invest, don’t be afraid to dive in. Who knows, maybe Dogecoin will rise another 5000% in 2022!