Home » genesis mining promo code » How to buy Dogecoin (DOGE) – a step by step guide

How to buy Dogecoin (DOGE) – a step by step guide

How to buy Dogecoin (DOGE) - a step by step guide

Dogecoin is a decentralized, peer-to-peer digital currency- with a joy, friendly mascot!

Dogecoin’s represent value on the network.

This guide is not, and should not be regarded spil ‘investment advice’ or spil a ‘recommendation’ regarding a course of act.

Note: Pics can be clicked to see a larger version. If you’re confused by any terms used, a glossary can be found here.

If you’re programma to buy a loterijlot of Dogecoin, it’s recommended to use a desktop wallet, but for this guide wij’ll go with the easiest option- an online wallet.

Note: Spil with everything te cryptocurrencies, don’t blindly trust linksom and programs without doing your own research. Google Block.io and make sure you trust it.

Once at the webpagina, pack out your email and a password that would be hard to guess (but which you won’t leave behind!).

Note: if you leave behind this password you can lose access to your coins.

You’ll be asked which wallet project you’d like to use.

Press the ‘skip to use the free project’ option.

Now you’re asked to inject a secret speld to your wallet.

Only letters and numbers are permitted and it voorwaarde be 8 or more characters long.

Note: if you leave behind this secret speld you might lose access to your coins.

You’ll be given a Secret Mnemonic. This is a way of restoring your wallet if you lose access te the future.

It’s very significant to store this somewhere safe- if anyone else gets access to it they can open your wallet and take your coins.

Once you’ve saved it press ‘Done’.

Significant Note: Wij all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking linksaf that steal information from their computers.

Another line of defence to keep our coins from being siphoned out of our wallets is essential.

And that’s a hardware wallet.

Hardware wallets ass-plug into your pc like a USB stick, and they have one job- to be a firewall inbetween your Dogecoin and the outside world.

To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and stir your coins.

Hardware wallets made by Ledger support the storage and sending of Dogecoin.

Our recommendation is to get a Ledger Nano S from their official webstek or Amazon.

Their Nano S makes it effortless to manage your coins- it’s klein and discreet, and wallet management is achieved through a petite LCD screen and two buttons.

Once you have your Ledger, here’s a step by step guide to setting it up.

The next screen will give you a popup to let you know the features that Block.io wallets offerande. Once you’re done reading, press ‘Awesome’.

Now wij can see your fresh wallet.

Press the ‘Dogecoin’ button. This will open your Dogecoin wallet.

Along the bottom of the window you’ll see the label ‘default’ and a long string of letters and numbers. This string is your wallet address. Copy it somewhere safe spil wij’ll need it soon.

Now wij’ll purchase the popular cryptocurrency Bitcoin, so that wij can exchange it for Dogecoin (if you already own Bitcoin you can skip ahead).

Choose which Bitcoin exchange you’d like to use (by clicking on the logo), and the guide will proceed:

  • Operates te 32 countries.
  • Accepts debit & credit cards and handelsbank transfers.
  • Can have low buy thresholds at very first, increases with use.
  • ID verification required.
  • Worldwide coverage, 99% of countries.
  • Accepts debit/credit cards and bankgebouw transfers.
  • High initial buy thresholds compared to other exchanges.
  • ID verification required.
  • Worldwide coverage.
  • Accepts Paypal, Western Union, bounty cards, canap transfers & lots more.
  • No ID required for some payment methods.

If you use this listig to sign up to Coinbase wij’ll both receive ten dollars of free coins when you spend overheen $100 (or the omschrijving te your currency).

Press the ‘sign up’ button and pack out your name (make sure this is exactly how it’s written on your photo ID), email, password and location.

Just like a US bankgebouw, Coinbase is regulated by the US government, and has to go after rigorous financial rules. So they take verifying your identity very earnestly. It’s a agony, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

To verify your account you vereiste supply a phone number, upload an pic of your photo ID and verify a credit/debit card or handelsbank account before you can buy.

Note: If you have problems verifiying your ID using your rekentuig, attempt downloading the Coinbase app (on Iphone or Android), signing into your Coinbase account and verifying your ID using your phone camera.

Using a credit/debit card on Coinbase means higher fees but offers instant purchasing. Using a handelsbank transfer is cheaper but slower (taking up to a week to get your coins).

Once your payment details are verified, click ‘buy/sell’ on the top menukaart.

Select ‘Bitcoin’, and at the bottom of the pagina choose how much to spend te your local currency / how many coins you want to buy.

Once you’re glad with the amount, click the big ‘Buy’ button.

You’ll be asked to confirm your purchase.

Press the ‘Confirm Buy’ button.

Congratulations! You now own some Bitcoin. But don’t close Coinbase yet, wij’re going to need it again te a few minutes.

Click here to go to Cex.io

Click the ‘Register’ button along the top spijskaart.

Come in your email address and a secure password. Click the checkbox to agree to the terms.

You will now be asked to set up 2-factor authentication for your fresh account. It is strongly advised not to skip this step, spil 2-factor authentication makes your account far more secure.

Wij recommend using the ‘Smartphone App’ option.

Once your security has bot set up, you’ll be taken to your account instrumentenbord.

Before wij do anything else, head on overheen to your private email account- there will be an email from Cex.io asking you to click a listig to verify your account. Click it.

You will be taken to a pagina telling you your email has bot confirmed. Click ‘Go back to the webpagina’.

Look for your user ID ter the top spijskaart, hover your mouse overheen it and te the druppel down menukaart click ‘Verification’.

Every exchange that lets your buy cryptocurrencies for contant require you to verify your identification before doing so.

Accomplish the Cex.io verification process by supplying your private information and uploading your ID.

Once you’re verified, click the ‘Deposit’ button along the top spijskaart.

You now get to choose how you’d like to deposit money:

If you choose credit/debit card you can buy instantly, but you pay commission on the money you deposit.

This option takes a few days for the transfer to arrive but has no commission fees.

Choose the method you choose and go after the instructions to deposit your money.

Once your money is te your account, click ‘BUY/SELL’ on the top spijskaart.

Choose ‘BTC’ and the currency you’d like to buy it ter (Dollars, Euros, Pounds or Rubles).

You will be suggested some precalculated amounts of Bitcoin, or you can scroll to the bottom of the pagina and input the amount of Bitcoin you’d like to buy te the ‘Custom-made amount’ opbergruimte.

Once you’ve determined, click ‘Buy’.

You’ll be asked to confirm your buy.

Check everything looks keurig and click ‘Confirm the order’.

Congratulations- you now own some Bitcoin!

Come in a username, your email and a strong password (that you won’t leave behind!).

An email will be sent to you with a verbinding to confirm your email address. Go find that email and click the listig.

This will open a fresh window that will have automatically logged you into your fresh account.

Press ‘Buy Bitcoins’ on the top menukaart.

Click ‘Quick buy’.

Te the very first input opbergruimte, write how much money you want to spend on Bitcoin.

Ter the very first druppel down spijskaart, select your currency. For example USD is US dollars, GBP is Good British Pounds etc.

Then ter the next druppel down select the country you’re ter.

If you wish to buy Bitcoin without needing to provide any ID, click the check opbergruimte beside ‘ID not required’. Please note that this may limit the numbers of sellers, and may be a more expensive way to purchase Bitcoin.

Ter the final druppel down menukaart you’re given a broad range of buying methods. You can choose to look for sellers that accept Paypal, bankgebouw transfers, Amazon bounty cards etc. – or just choose to look at all options.

Once you’re glad with your selections, press Search.

You’ll be given a list of sellers matching your criteria.

Beside their user names you will see the number of transactions they have done on the webpagina (e.g. 1000) and their terugkoppeling (e.g. 100% positive).

You will also see the payment methods they accept, the price they’re selling Bitcoin at and any limit to the amount they will sell ter one transaction (for example, they might have a lower limit of $50 and an upper limit of $Ten,000 for a single transaction).

Choose which seller you’d like to use and click ‘Buy’.

On this pagina, read the terms of trade with your selected user. Make sure you’re glad with them.

Pay attention to the opening hours- are they open right now? Also pay attention to the ‘payment window’- this is how long you have to pay after sending the trade request. If you’re not ready to send the payment within that time framework, don’t proceed.

Once you are ready, input the amount of Bitcoin you’d like to buy ter your chosen currency. You may be limited to a smaller amount spil this is your very first time using LocalBitcoins- your limit will increase spil you get positive terugkoppeling.

You may choose to write a message to the seller, but this isn’t required.

Press ‘Send trade request’.

You will now be given the payment details for the seller- for example, their handelsbank account details, Paypal address etc.

Use thesis details to send the onberispelijk amount of money to the seller, within the payment window, by following the steps laid out on the right side of the screen.

It’s very significant to include the reference message with your payment so the seller knows the money came from you.

Once you have made the payment, click the ‘I have paid’ button.

You will be asked to confirm that you’ve made the payment.

Read the information and when you are sure you’re glad to accept, press ‘Confirm payment finish’.

You vereiste now wait for the seller to confirm they have received the payment.

Once they have, the Bitcoin will be released into your account- you will get a message on the webpagina (which can be seen spil a crimson speech bubble along the top menukaart), spil well spil an email to confirm it.

Your coins will show up te your wallet (also on the top menukaart). Click it.

And now leave this pagina open spil wij’re going to need it soon.

Wij’ll use the webpagina Livecoin to exchange your Bitcoin for Dogecoin.

Note: You may notice that Livecoin permits you to buy coins directly with Dollars, Euros and Rubles. However, the charge to do so is high, which is why it’s more cost efficient to buy Bitcoin from Coinbase Cex.io Local Bitcoins very first and exchange that for Dogecoin.

Click here to go to Livecoin, and click ‘Open a trade account’ on the top right menukaart.

Come in a username, a strong password (that you won’t leave behind!) and your email address.

You will be informed that a confirmation code has bot emailed to you.

Go to your email account and find that email. If you don’t see it check your junk folder.

Paste the code from it into the opbergruimte on the screen.

Your account has bot successfully activated.

Loom into your account using your email address and password.

You will be asked to come in a Four number Speld code that will be used for security purposes when you withdraw coins.

Note: Switching this Speld ter the future means that you won’t be able to withdraw any coins for Ten days. So make it’s something you’re not likely to leave behind!

Press ‘Balance’ on the top menukaart.

Scroll down the pagina until you see ‘CRYPTOCURRENCY BALANCE’. Ter the search opbergruimte type ‘Bitcoin’.

The list of coins will narrow and you should see ‘Bitcoin’. Beside it, click ‘DEPOSIT’.

Note: Dual check you’ve actually selected Bitcoin (BTC)- if you send your coins to the wrong wallet you will lose them.

A pop-up will present you with a list of conditions you voorwaarde agree to before it will you give you a wallet address to deposit your Bitcoin to.

Read them. Understand them. Once you have, tick the boxes and press ‘Demonstrate address’.

Press the ‘Copy’ button to copy the address to your rekentuig memory.

Now, come back to Coinbase.

Click ‘Accounts’ from the top spijskaart, then find your Bitcoin wallet listed on the left.

Te the ‘Recipient’ opbergruimte, paste the Bitcoin wallet address wij just copied from Livecoin.

Ter amount, type how much Bitcoin you wish to send (there is a ‘use max’ option if you wish to send it all).

Coinbase may ask you to confirm with your password/phone. Go after the instructions until it confirms the Bitcoin are sent.

Go back to Cex.io

Press ‘Withdraw’ on the top spijskaart.

Under ‘Select currency and amount’ click ‘USD’ and select ‘BTC’ ter the druppel down menukaart.

Input the amount of Bitcoin you’re sending.

Ter the opbergruimte labelled ‘Come in the recipient’s address below’ paste the Bitcoin wallet address wij just copied from Livecoin.

Once you’ve looked everything overheen, click the check opbergruimte to confirm you’ve dual checked everything is juist.

You will be asked for a 2-factor authentication number.

Use your selected method of authentication to generate the number and write it te the opbergruimte. Press ‘Confirm’.

You will be sent an email to confirm the withdrawal.

Go to your private email and click the verbinding Cex.io has sent you. This will send the coins on their way.

Go back to LocalBitcoins.

You should still be ter your wallet pagina.

Te the opbergruimte labelled ‘Receiving Bitcoin address’ paste the Bitcoin wallet address wij just copied from Livecoin.

Inject the amount of Bitcoin you’re sending.

You will be asked to come in your password to confirm the send.

Once entered, press ‘Send from wallet’.

You will be taken back to your wallet and a message will show up to confirm the Bitcoin has bot sent.

Now wij’ve got to wait a few minutes for the coins to budge across the network.

Close the pop-up displaying your wallet address so you can see your wallet balance. The pagina does not automatically update so refresh it sometimes to see if the coins have arrived.

You will also get an email once the coins have bot credited to your account.

While you’re waiting, consider sharing this guide with your friends and followers to spread the word about Dogecoin, encouraging its popularity and value to grow.

Here’s some share buttons to make it effortless:

Once the Bitcoin shows te your ‘Available’ balance wij’re ready to trade it for Dogecoin.

Click here to hop straight to the DOGE/BTC exchange market on Livecoin. Be patient, it can take 10-15 seconds to fully flow the pagina.

This pagina will look breathtaking at very first, but don’t scare spil wij’ll only be using a petite part of it.

Underneath the title ‘BUY DOGE FOR BTC’ find the button labelled ‘Switch to market order’ and click it.

Beside that button is a display telling your how much BTC you have available for trade. Click it.

Ter the opbergruimte marked ‘You get’, you will now see the maximum amount of DOGE that you can buy using all of your BTC. If you don’t want to use all of your BTC te this purchase, you can edit this number to be lower.

Once you’re glad with the amount, press ‘BUY DOGE’.

Congrats! You now own your own Dogecoin!

If you’re convenient with it, you could just leave your coins on Livecoin and they would most likely be safe. However, exchanges have bot hacked te the past, and people have lost coins, so wij do recommend you keep them te a private wallet. Here’s how:

Click ‘Balance’ along the top spijskaart.

Under ‘CRYPTOCURRENCY BALANCE’ find ‘DOGE’.

Beside it, press ‘WITHDRAWAL’.

Te the ‘TRANSFER TO WALLET’ katern, te the opbergruimte marked ‘Account, DOGE’, write the amount of Dogecoin you want to withdraw to your wallet.

Note: You will have to pay a toverfee to withdraw the coins, the amount is shown beside ‘Toverfee’. Recall to deduct this toverfee from the number of coins you’re withdrawing or it will fail (see the photo for an example).

Ter the opbergruimte marked ‘Dogecoin address’ waterput the wallet address that you copied from Block.io wallet (ter step 6).

Press ‘SEND A PAYMENT’.

You will be asked to confirm the withdrawal. Dual check overheen the details, such spil making sure you waterput the juist wallet address, then press ‘Confirm’.

You will have bot sent an email to confirm the withdrawal. Go find that email and copy the confirmation code te it, and paste it into the opbergruimte marked ‘Verification Code’.

Now come in the four digit code you used when you set up your Livecoin account te the ‘Speld code’ opbergruimte.

You will be told the withdrawal is now ter progress.

Related movie: Nicehash Mining Pool Monitor – Android application


Leave a Reply

Your email address will not be published. Required fields are marked *