Dogecoin (DOGE) has become one of the most popular cryptocurrencies in the crypto space. The project started as a joke, but is now more popular than ever and is in high demand among crypto enthusiasts and potential investors. With that in mind, here are three of the most popular exchanges where you can buy Dogecoin.
Binance is a safe and secure cryptocurrency exchange to buy Dogecoin. Binance requires you to sign up and verify your account before you can buy DOGE or any other cryptocurrency; the process takes only a few minutes. When you complete the registration process, click on the Buy Crypto tab at the top left side of the Binance website; from there, youcano see the available payment options.
The payment options include the following:
- Credit cards and debit cards, which are comfortable options for new users.
- Bank deposit, which involves transferring fiat currency from your bank to Binance.
- Peer-to-peer trading, which allows you to buy DOGE from other users within the Binance P2P network.
- Third-party payment, which also has multiple options that are region-specific.
After you choose your preferred payment option, go on to fill out the form, which requires you to state the currency with which you want to carry out the transaction and the currency you want to buy; in this case, DOGE.
Coinbase is a beginner-friendly platform for buying and selling cryptocurrencies. To buy Dogecoin on Coinbase, you must create a Coinbase account and then go through the verification process. After that, click on the Payment Method option and connect a payment method. You can use a bank account debit card or a wire transfer.
Locate the Buy and Sell options, then search for Dogecoin or click on the search icon to search for it. After clicking on Dogecoin, you will be presented with options to buy and sell on the page that opens next. Click on Buy, and then use the number pad to input the amount you want to buy in your fiat currency. The platform will automatically convert the amount to its dogecoin equivalent.
After inputting the necessary information, you can click on Preview and Buy. This is where you double-check that you entered the correct information. After cross-checking, confirm the process by clicking Buy Now. You will get a confirmation message once the order is processed.
As with the first two exchanges, you need to open an account and verify your identity to buy Dogecoin on Kraken. Kraken allows you to purchase DOGE using cryptocurrencies and fiat currencies. However, using fiat currencies requires that you provide additional documents to verify your identity.
To fund with fiat currency, navigate to the Funding tab; search for the currency you wish to deposit and click on it. You can then go on to fund your Kraken account. The fiat payment options include MasterCard debit and credit cards, digital wallet purchases, and ACH online banking. The supported fiat currencies include USD, EUR, CAD, AUD, GBP, CHF, JPY, and AED.
To deposit cryptocurrencies in your Kraken account, you should first verify your account to at least the starter’s level. You can then choose to pay from the cryptocurrencies and networks Kraken supports.
Dogecoin Continues to Grow
Despite its origin as a joke, DOGE is now one of the crypto projects that can be regarded as growing. It has built a strong reputation for being the first and biggest meme coin, giving it an edge over its competitors and other similar cryptocurrencies.
The meme coin has also risen in market capitalization and adoption, with its users being both private individuals and large corporations. In addition, the DOGE community also numbers in the millions and has some big and notable names involved in it. These, among other factors, are reasons that Dogecoin may be seen as one of the cryptocurrencies with long-term potential and may be useful for long-term investment.