Dogecoin, a meme cryptocurrency launched in 2013, rose in value Thursday after trading app Robinhood banned its users from GameStop shares. GameStop recently saw a surge in stock value caused by investments by users in the r / WallStreetBets subreddit.
Dogecoin can be purchased through several cryptocurrency exchange platforms. Here we describe how to buy Dogecoin on Binance, Kraken, and other cryptocurrency exchange platforms.
“Binance is a secure platform to quickly buy and sell cryptocurrencies using our streamlined buy / sell process,” says the Binance website.
To buy Dogecoin from Binance, you need to set up an account by clicking the “Register” icon in the top right corner of the Binance homepage. To do this, you need to enter your email address and choose a password.
Users can also access their Binance account through the Binance mobile app by downloading it from both the Google Play Store and Apple’s App Store.
Once their Binance account has been set up, users can purchase Dogecoin as well as other cryptocurrencies using various payment options such as cash, credit or debit card, and wire transfer.
“As soon as you have completed the purchase, we will deposit your new crypto directly in your Binance wallet – a safe and easy way to manage your crypto assets. You can use your purchased crypto immediately with the many products and services on the Binance platform “Binance” trading website explained.
“Binance accepts a wide range of currencies and makes it easy for you to buy crypto using US dollars, euros, pounds sterling and other fiat currencies [government-issued currencies]. You can also use a wide range of accepted stablecoins such as Binance USD (BUSD), Coinbase USD Coin (USDC), PAXOS (PAX), Tether (USDT), and True USD to buy crypto.
“We only work with verified and trustworthy partners to offer you a secure and seamless crypto buying experience,” states Binance.
Users should be aware of any fees that may apply, such as: B. Trading fees and deposit and withdrawal fees, depending on the currency in which your purchases were made. You can find more information on fees on the Binance website.
Kraken observes, “In addition to offering the lowest fees in the industry, Kraken is consistently ranked as one of the most secure and trusted crypto exchanges in the world.”
To buy Dogecoin you will need to open a Kraken account by clicking “Create Account” in the top right corner of the Kraken website. To do this, you need to enter your email address and set up a password.
Once your Kraken account has been verified, “You can buy DOGE using cryptocurrencies such as LTC and DASH. In order to use fiat currencies (i.e. USD or EUR), you will need to provide our experts with additional evidence to verify your identity.” Kraken notes. For detailed information on Kraken’s review processes, please visit the website.
To buy Dogecoin, you need to add funds to your account with the fiat currency of your choice. “There are a number of ways you can fund your Kraken account. How you do this depends on your location and preferences,” explains the Kraken website.
Once logged into your account, head to the Funding tab at the top of the Kraken website where you can select your preferred currency from a drop down menu.
“To avoid mistakes, we recommend copying our bank account details directly to your bank or financial institution. Different banks have different requirements, so contact your bank directly for specific instructions on how to complete the deposit,” advises Kraken. The Kraken website has a checklist of information to look out for before making any deposits.
Kraken also advises, “It is important to note that Kraken is an exchange service, not a wallet service. While we allow our customers to have DOGE on their accounts, we strongly encourage you to split your DOGE holdings into multiple wallets.
“Kraken is safe, but the safest way is to keep your DOGE in a wallet, a software or hardware device that you control and that stores the public and private keys required for crypto transactions,” explains the Kraken website.
OKEx is known as “the world’s largest and most diverse market for cryptocurrencies” and has been offering Dogecoin on its spot trading market since July 2019.
To buy Dogecoin, set up an OKEx account by clicking the “Sign In” icon in the top left of the OKEx home page. There you have to enter an email address and create a password. Users can also access their account through the OKEx mobile app, which can be downloaded from the Google Play Store or Apple’s App Store.
Once an account is set up, users can buy Dogecoin by selecting it from a drop-down menu of all available cryptocurrencies.
Users can then choose the fiat currency and payment method of their choice. Payments can be made by bank transfer, Visa or Mastercard.
“As soon as the payment has been confirmed, your selected crypto will be automatically transferred to your OKEx account,” it says on the OKEx website.
Notes Bittrex, “Our trading engine is specifically designed to scale and speed to enable real-time execution of orders when demand is high.
“Our platform was built from the ground up with multiple layers of protection and uses the most effective and reliable technology to keep funds and transactions safe,” the company added.
To buy Dogecoin, you need to open an account by clicking the “Login” icon in the upper right corner of the Bittrex homepage. For details on how to register to set up your account, please visit the Bittrex website.
Users can also access their account through the Bittrex mobile app, which can be downloaded from the Google Play Store or Apple’s App Store.
Once an account has been verified, users can click the “Buy / Sell” tab in the upper right corner of the Bittrex home page.
Deposits can be made using a Visa debit or credit card, according to the website.
Dogecoin can also be bought with Huobi. Create an account by clicking the Sign In icon in the upper right corner of the Huobi home page. Users can also access their account through the Huobi mobile app, which is available for Android and iOS devices.
Once your account is set up, click the “Quick Buy / Sell” hyperlink in the upper left of the Huobi website. There you can choose the Dogecoin from a drop-down menu, as well as the fiat currency you are paying with and your payment method for your purchase.
The user should also be aware of the fees, including the “spot fee rate” and the “fiat trading rate”. Please visit the Huobi website for more information on fees.
A photo illustration of Dogecoin and Bitcoin that was seen in the Netherlands on January 4th. Dogecoin and other cryptocurrencies can be purchased through various cryptocurrency exchange platforms such as Binance and Kraken.
Photo by Yuriko Nakao / Getty Images