The cryptocurrency that initially started as a joke is now booming in different parts of the world very rapidly. Yes, we are talking about “Dogecoin” which is seeing a huge rise in the world of digital currency as it is giving unexpected benefits to the buyers and is giving head-to-head competition to other popular fiat currencies, Bitcoin and Ethereum. The price of Dogecoin has gone eight times higher in a single month. The reason behind its popularity is social media where memes related to it circulated on a huge level. So, if you are interested to know how to buy Dogecoin on Coinbase, then we shall tell you how you can do this.
Where to buy Dogecoin?
Confused about which could be the best platform to buy Dogecoin? Well, there are a lot of online platforms and applications that let you buy Dogecoin in a relatively easier process. And, what could be a better platform than “Coinbase.” Many investors did not have an idea if they can buy Dogecoin on Coinbase or not. Although Dogecoin was not listed in the buying list of Coinbase, now they have listed it a few days ago. And, those who were thinking if they can buy Dogecoin on Coinbase or not can come to conclude that they can.
Buying Dogecoin on a Coinbase is not a nuclear science and can be completed in a few easy steps. However, you are required to have a digital wallet for the same where your purchased cryptocurrency would be stored. So, this post shall cover all the important aspects related to how you can buy Dogecoin on Coinbase.
Explained: Buying Dogecoin on Coinbase
To complete this process, one is required to have a high-speed and stable internet connection on his smart device. So, make sure to use one such device to buy Dogecoin on Coinbase:
Via Coinbase website:
- Go to the official platform of Coinbase
- After that, sign in to your account or create a new account on it
- Now, go to the upper right-hand corner and choose “Buy/Sell”
- After that, click on the “Buy” tab
- And choose your desired cryptocurrency i.e. “Dogecoin” from the “Buy” drop-down
- Now, choose the “Payment” method
- Choose the amount you wish to buy
- Now, click on the “Preview Buy” option to proceed
- If you want to make any changes to it, click on the back arrow
- After making sure that each detail is correct, select the “Buy” option
Using the Coinbase app:
- First, you need to get the Coinbase app on your device
- Now, launch the Coinbase app by tapping on its icon
- After that, log in to your Coinbase account
- Further, you have to click on the exchange icon available at the bottom
- Then, click on the “Buy” tab
- Choose the preferred cryptocurrency from the “Buy” drop-down
- Enter the preferable amount in the given field
- Choose the “Preview Buy” option to proceed
- Else, tap on the back arrow to make any changes
- If everything seems correct, select “Buy now”
These were the two methods through which you can buy Dogecoin from the Coinbase platform. It is clearly visible that the process can be completed via the app as well as the online platform.
To conclude, we can say that it is important that you invest in that cryptocurrency which has more chances of seeing a hike and which would not cost you a lot even if it sees a fall. In case you do not have a Coinbase wallet, then you will not be able to buy any cryptocurrency on it, be it Bitcoin, Ethereum, DOGE, or any other fiat currency.