Indonesian retail investors ask a lot “how to buy Dogecoin (DOGE)”. Indeed, one of these cryptocurrencies has recently become a hot topic of discussion.
The internet currency is able to make a market stir. The reason is, the price of Dogecoin had shot up sharply by 1300 percent in just a matter of days! Precisely on February 28-29, 2021.
Although it has risen sharply, the price of Dogecoin is predicted to continue strengthening, even in the near term, Doge investors are targeting a price of $1 per piece.
If so, then the current price is of course still very cheap. Then, how to buy Dogecoin for beginners in 2023?
Dogecoin Buying Guide
Investing to get Dogecoin (DOGE) can be done easily. There are at least three stages to acquiring one of these popular internet currencies.
First, the registration process on a crypto exchange – the company acts as a broker in general – which intermediaries market participants to transact cryptocurrencies.
Then, process the initial deposit or deposit the funds. Finally, the process of buying Dogecoin on a platform or application already provided by a crypto broker.
How to Buy Dogecoin 2023 for Beginners
Buying Dogecoin for beginners in 2023 involves a few steps:
- Choose a reputable cryptocurrency exchange: The first step is to choose a trusted cryptocurrency exchange where you can buy Dogecoin. Some popular options include Binance, Coinbase, and Kraken.
- Register and set up an account: Once you’ve chosen an exchange, you’ll need to create an account. This typically involves providing personal information and verifying your identity.
- Add funds to your account: To buy Dogecoin, you’ll need to add funds to your exchange account. This can typically be done via bank transfer, credit card, or debit card.
- Buy Dogecoin: Once you have funds in your account, you can buy Dogecoin. On the exchange’s trading page, you can place an order to buy Dogecoin at the current market price or set a limit order at a specific price.
- Store Dogecoin securely: Once you’ve purchased Dogecoin, it’s important to store it securely in a cryptocurrency wallet. You can store it on the exchange, but for added security, you may want to consider transferring it to a personal wallet.
Note: Cryptocurrency markets can be highly volatile, and the value of Dogecoin can fluctuate rapidly. It’s important to research the risks and understand the market before investing. Additionally, it’s always a good idea to diversify your investments and not to invest more than you can afford to lose.
Confidence like a shield will move you. Although the price of Dogecoin continues to increase, it does not mean that you can buy Dogecoin “based solely on people’s words”.
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It’s a good idea to do your own research on what you want to invest in. This is a form of confirmation of what is believed.
If you feel a crypto asset like Dogecoin (Doge) is not worth it, and you are not sure, then there is no need for a purchase.
On the contrary, if you believe that DOGE is the best choice, has bright prospects along with the new financial era, then confirm your willingness to buy Dogecoin. This is the best way to take action.