The endorsement of Dogecoin by Elon Musk has made it one of the most popular cryptocurrencies that many are investing in.
Early buyers and investors of Dogecoin have counted remarkable profit seasons as well as a retracement.
Consider when Elon Musk changed the Twitter logo to Dogecoin, it witnessed an estimated 25% increase in price.
At the time this article was written, the price of Dogecoin was sitting at 0.6609 with a 0.47% increase margin.
As the price of Dogecoin still sits on a bearish trend, you may want to buy to HODL or sell at a slight increase.
You may be wondering how to buy Dogecoin without any hassles. Excitedly, you are reading the right article as we are going to discuss ways that you can buy Dogecoin.
Before we go right into the steps, let’s give a brief overview of what Dogecoin is.
What Is Dogecoin
Dogecoin, a meme coin, was created in 2013 by Billy Markus and his partner, Jackson Palmer.
Dogecoin isn’t Bitcoin or BCH but was founded to follow the trends of both. Dogecoin became even more popular since Elon Musk took an interest in it as discussed earlier in the introduction of this article.
Since its inception, Dogecoin has experienced its highs and lows and is currently predicted to be a good buy waiting for the bull run.
That being said, let’s proceed to how you can buy Dogecoin successfully.
How To Buy Dogecoin
The following are steps to take to easily buy Dogecoin:
A cold wallet is a physical wallet that is like a flash drive in that you can safely store your Dogecoin, although it is much more expensive than a hot wallet.
Cold wallets tend to be less prone to crypto thefts. Bear in mind that you must not misplace or divulge your cold wallet address so as not to lose your purchased coin.
Buying Dogecoin is as simple as it is stated above and will only take a few minutes of your time.
As a buyer or you probably want to invest, it is wise that you know the risk factors associated with buying Dogecoin or any other cryptocurrencies.
Do not ignore safety measures when using any exchange or storage wallet to avoid loss.
Cryptocurrencies are not stable, consider the price trends of Dogecoin over the years and carry out proper research before taking a Buy action.
In all, good luck as you buy Dogecoin.