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). 

For many years the value of the coin remained relatively flat, and there was no significant growth. However, in 2021, Dogecoin gained a considerable following and its market cap shot up to $36 billion. How? Through the support of the coin by high-profile celebrities and business people like Elon Musk, Mark Cuban, and even Snoop Dogg.

With its solid performance in 2021 (and lots of media hype), Dogecoin may seem like a desirable option for investors looking to gain exposure to the cryptocurrency market and build wealth. 

So you’ve done your research and decided that you want to purchase Dogecoin, whether to enter the digital coin market or acquire some virtual money or add to your coin wallet and earn some interest. You’ll probably be wondering how to buy Dogecoin exactly. Here’s how to do so, 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.

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. Some popular exchanges include Coinbase, Binance, and Kraken. 

Pick a Cryptocurrency Exchange

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.

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