Being started as a joke, Dogecoin is one of the oldest cryptocurrencies around. If you want to be part of this oldest community then here is a Best App To Buy Dogecoin. Keep scrolling and know some simple and reliable ways to buy this cryptocurrency.
Created in December 2013 by a programmer from Portland Oregon, named as Billy Markus, Dogecoin is one of the popular cryptocurrency. It was initially launched as a joke but soon it amassed a massive online following.
This cryptocurrency is also famous for its meme-inspired logo of a Shiba Inu dog. Initially, it was planned to limit the Dogecoin (DOGE) to 100 billion coins but considering its popularity it was decided that there would be no limit for the supply of Dogecoins.
The reason behind its success is the passionate community of Dogecoin. They even raised funds for Jamaican bobsled team who qualified for the Sochi Winter Olympics but was short of funds.
Dogecoin community supported the team to participate in the event. Besides this, Dogecoin platform is also used as a form of tipping by the community similar to platforms like Reddit and Twitter.
How To Buy Dogecoin Using Binance App
Though there are multiple ways to buy Dogecoin, but we would suggest you to follow the below three steps.
- You can get a Dogecoin wallet
- Look for a DOGE exchange
- Withdraw your Dogecoin
Click the Given link to SignUp on Binance and Start Crypto Trading
Let’s discuss each of these steps in detail.
Get a Dogecoin wallet
When it comes to Dogecoin wallets, you have plenty of options to choose from. Most popular and reliable wallets include Legder Wallet (hardware wallet), Trezor (Hardware Wallet), Exodus (Web Wallet) and Coinomi (Mobile Wallet). All of these wallets differ from one another in terms of features, security and readability.
If you want to feel secure then we would suggest you to go for the hardware wallets. These wallets require an initial investment but unlike other wallets these are safest ones with a private key to your Doge on a physical offline device.
Some of safest Doge wallets include Ledger Nano S and Nano X. These wallets support over 1000 different crypto assets. Similarly, Trezor One and Trezor Model T are also reliable options.
You can also choose a software wallet but remember that these wallets are vulnerable to malware. So, always go for highly recommended wallets. You can choose MultiGoge wallet that is currently available for Windows, Mac and Linux.
Dogecpin Mobile Wallet is also a good option for android users. Once you have got your Dogecoin wallet, the next step is to get your Dogecoin address. The address is combination of small and capital alphabets starting with a capital D.
Best App To Buy Dogecoin 2021
The next step is to Find a Doge Exchange. When it comes to finding a reputable exchange to purchase it, users do not get a reliable option. There are only few well known exchanges that allow you to buy Doge against currency.
These options include Binance, Bitpanda, Kraken, Changelly and Bittrex. Additionally, PayPal, Exrates, YoBit, Livecoin and Cryptomate can also be considered. But important point to remember is that you should check out reviews before doing a transaction.
The final step is to Withdraw your Dogecoin. It is better to keep your cryptocurrency in a wallet instead of keeping it on an exchange. Keeping cryptocurrency in an exchange means you don’t have control over the coins. You will lose all the coins if the exchanges goes bankrupt or gets hacked.
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To conclude the article we would like to add that Dogecoin is an established cryptocurrency now and it seems like it will stay longer here. So, you can go for buying this cryptocurrency using the wallets discussed in this article.