Dogecoin (DOGE) is a cryptocurrency born out of the fun and excitement of the Doge meme. It quickly gained momentum and achieved a huge fan base, despite not having any technical advantage over other cryptocurrencies like Bitcoin or Litecoin. The price of 1 DOGE coin is currently worth about $0.26, but it had met with strong growth throughout its life, which peaked in 2014 to 2015 when it reached an all-time high price of nearly $1 per coin.
WHERE TO BUY DOGECOIN ON COINBASE?
If you want to know how to buy dogecoin on coinbase then read this guide completely.
Go to the CoinBase pro website, log in/sign up for your account, verify your email address, and ensure you have two-factor authentication enabled. This is the most vulnerable account for users to be hacked on. DO NOT take your security lightly!
After you go to the Signup page and fill in your Email and password, make sure that everything is accurate, or it will not work (It should look like this)
After you complete the Sign-Up process and log in to your account, make sure you add a payment method like a credit card or bank account; for this guide, we will use a credit card since it’s faster. As an alternative, if you don’t have access to a credit card, you can purchase Bitcoin at any online retailer and then deposit it to your Coinbase account.
After you add a credit card or bank account, go to the dogecoin trading platform, make sure that you are on the DOGE/USD page by clicking USD in the top right corner of the screen.
After you are at The Dogecoin Trading Platform, you will see something like this, Enter the amount of DOGE you want to buy, and click continue.
After you have clicked continue, Coinbase will authorize your payment method for that specific amount entered into the form. If you intend on buying a large number of dogecoins, sometimes your card may be authorized for more than what is currently available in your bank account; when this happens, call Coinbase’s 24/7 customer service, and they will incrementally increase your daily spending limit until it reaches its max. (This will take some time).
Once you hit Continue, if everything goes smoothly, you will see something like this:
Congratulations! You can now send or receive Dogecoin from one address to another.
You now have successfully purchased your first Dogecoins! Your new crypto coins will be put into “Your Account”, where they’ll stay until your withdrawal them. To withdraw them onto an exchange, click “Withdraw”, located underneath all cryptocurrencies currently in your account.
Here’s what happens when I tap on withdraw.
After you click Withdraw, the next step is to send them to an exchange for trading. To do that, copy your Dogecoin address next to “BTC Address” and paste it into your withdrawal address in your exchange of choice (exchange addresses are specific for each exchange).
After you withdraw your crypto coins, wait a couple of minutes, and they will appear in your account.
That’s it! Your cryptocurrencies have been successfully withdrawn onto an exchange where you can start trading them for other crypto coins, Congratulations!