Created all the way back in 2013 as a joke, Dogecoin (DOGE) has managed to become something of a legend in the digital currency space, eventually capturing the fascination of mainstream media after Elon Musk gave the meme coin some rather significant publicity on Twitter.
In this step-by-step guide, you’ll discover how to purchase Dogecoin using US dollars in 2021.
How to Buy Dogecoin, Such Wow!
Before we get started, make sure you have these things ready:
- A valid photo ID (Drivers License, Passport, etc.)
- A bank account and/or credit card.
There are a number of exchanges that will allow you to purchase DOGE but for this guide, we have chosen world-leading digital asset exchange Binance. It is one of the most user-friendly exchanges out there, especially considering you can purchase DOGE directly with a Visa or Mastercard card.
Step One: Create a Binance Account
First and foremost, you need access to the Binance exchange. Head to the website and go through the sign-up process. Once you have, head back to the main page and log in.
Step Two: Begin Transaction
Once registered, hover your mouse over the “Buy Crypto” as seen in the image below. Then, click the option in the dropdown menu titled “Credit/Debit Card” and move on to the next screen.
Step Three: Confirm Payment Details
Here you’ll see how much DOGE is worth in real-time, as well as a box to input how much you wish to purchase. When you’re done deciding how much you want in USD, type it in and click “Buy DOGE”. Don’t worry about setting up a wallet at this point, Binance will do it for you.
Binance will then ask you to input the details of your chosen card, when you’re done, complete the order.
Step 4: View DOGE Wallet
Once you’ve followed these steps, your DOGE will be available for trade or to send from your Binance wallet; hover your mouse over the “Wallet” tab and click “Fiat and Spot”, this will lead you to a screen where you’ll be able to find your DOGE.
And that is it!
Modern digital asset exchanges have come quite a long way in their ability to easily accept “regular” money for cryptocurrencies other than bitcoin.
Boosted by Elon Musk’s tweets and its vibrant online community, it looks like Dogecoin is still here to stay for a little while longer.
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I wouldn’t touch altcoins. The majority of smaller brokers like https://thejingstock.com/ don’t even offer them
I’ve heard from a lot of people who only touch BTC, I even heard Jimmy Song debate against Alt coins at Blockdown 4.0 conference. It was a very intense and informative debate. It is the number one coin for a reason. For me I like to diversify my investments. My experiences have also shown me that there is more than one way to do something, for that alternatives are needed. I’m not saying BTC isn’t the best at what it was created to do, I just feel the other coins can be the best at what they do as well. There are different lanes on this path to financial freedom, either way we take I see us both using crypto to get there.