How to buy Dogecoin

If you are looking at cryptocurrencies, then you may have heard of dogecoin. Dogecoin is a digital currency that was created in 2013 by Billy Markus and Jackson Palmer to reach a broader demographic than bitcoin.

Dogecoin is known for its fast transaction speed and low-cost transactions. It has also been a tipping system on popular social media channels like reddit because it allows people to send coins without incurring any fees.

how to buy dogecoin

Doge coins are mined through scrypt-based mining and can reach a maximum supply of 100 billion dogecoins. The logo for the coin has been made to resemble a shiba inu dog from an Internet meme, with some people claiming its purpose was to make it easy to remember for Internet users

in January 2021, Doge coin scaled up to 800% attaining a price of $0.07 within 24 hours due to the attention it got from Reddit users, and from the Dogecoin community. The attention given to dogecoin by reddit users was pioneered by reknowned cryptocurrency trader Elon Musk.

Dogecoin hit a price of $0.08 in February 2021 as a result of a tweet encouragement by Elon Musk, Snoop Dogg, and Gene Simmons.

Finally, in April 2021, Doge coin was listed for cryptocurrency exchange coin base and has sold above $70 million worth of coins.

Read also: Best places to buy bitcoin and cryptocurrency

In this article, we will lokk at how to buy doge coin in Nigeria

Ways to buy Doge coin Nigeria

As a result of the ban placed by the CBN on cryptocurrency trading, Nigerians created another platform (Binance) that allows the peer-2-peer transfer of coins between traders. Payment are made via normal back transfer, just ensure you don’t include cryptocurrency in your payment narration to avoid a disconnection in your account.

To buy Doge coin in Nigeria

  1. create a Binance
  2. Next, purchase a cryptocurrency on Binance via p2p transfer method
  3. Navigate to the ‘Trade” section
  4. EDGE ‘BTC/DOGE
  5. Type in the amount of DOGE you want to buy
  6. Select the “Buy DOGE” option
  7. A Doge coin wallet will be created for you immediately with your coins inside

You can also buy cryptocurrency from popular cryptocurrency platforms like Lobstr.

To buy from Lobstr

  1. visit their website
  2. enter the amount of Doge you want to buy and you will see it equivalent in USD
  3. Select the ‘Buy Doge’
  4. Confirm payment
  5. Enter the address of your Doge wallet
  6. click on SUBMIT

Conclusion

We hope this has been a helpful guide for you in finding the best way to buy doge coin and other cryptocoins. If you have any questions, please don’t hesitate to contact us at our website!

Read also: How to choose the best social media platform

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