4/30/2023 0 Comments Dogecoin binance![]() Some platforms even allow users to link payment services like Apple Pay or PayPal.įinally, when buying Dogecoin on either type of platform, you’ll need to decide how you want to secure your purchase. Payment methods that are typically offered include bank transfer (ACH), debit card, credit card, or wire transfer. Depending on the platform, you may have different methods available to fund your account. No matter which type of exchange you choose, you’ll need to establish an account and fund it with currency to buy your Dogecoin. Both types of platforms charge fees for transactions that take place on their platforms. At the end of a transaction, the crypto must be stored or held by the buyer. They simply connect individuals seeking to buy or sell crypto.ĭecentralized exchanges often use software like smart contracts to execute and complete transactions. ![]() For instance, platforms like Binance.US allows you to link a bank account to your account to make it easier to participate in the world of crypto.ĭecentralized exchanges are true to what the name implies: There is no centralized entity to facilitate, manage, and oversee transactions. Additionally, they may offer other attractive features like crypto staking and deposits and withdrawals to commonly used payment methods like debit cards and bank transfer (ACH). ![]() There are two main types of crypto platforms to choose from: centralized and decentralized.Ĭentralized platforms offer increased convenience and accessibility, allowing you to use local currencies like USD to buy Dogecoin. These platforms allow you to buy, sell, and store your Dogecoin. The simplest way to buy Dogecoin is to use a cryptocurrency exchange or platform, such as Binance.US. So, whether you want to acquire DOGE or spend it as a tip, how do you buy Dogecoin in the first place? Buying Dogecoin While Dogecoin can be purchased or traded, it’s also commonly used for online tipping. It relies on advanced cryptography algorithms to ensure the currency is nearly impossible to counterfeit, while the network itself remains resistant to hacking attempts. Like other cryptocurrencies, Dogecoin is based on a distributed network of computers. However, what began as a joke has evolved into a popular cryptocurrency.ĭogecoin has enjoyed some amazing increases in value, jumping over 200% in a matter of days in 2021, and has benefited from celebrity attention, most notably from Elon Musk. ![]() In fact, Dogecoin’s creators, software engineers Jackson Palmer and Billy Markus, created and named it as a reference to the early wave of cryptocurrency speculation in 2013. ![]() What Is Dogecoin?ĭogecoin is a specific type of cryptocurrency that originated from an Internet meme: a picture of a Shiba Inu. In this article, we will share what you should consider before adding Dogecoin to your wallet. Looking to buy, sell, and trade the world’s most popular memecoin? Launched as a cryptocurrency that doubled as an inside joke, Dogecoin (DOGE) has quickly become a popular cryptocurrency that attracts traders and speculators alike. Buy Dogecoin on the right crypto platform in four simple steps. ![]()
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