How To Buy Dogecoin 2.0 (DOGE2) – Coinbase
The cryptocurrency known as dogecoin (or dogecoins, or DOGE) saw a meteoric rise in popularity in the year 2021.
Dogecoin’s ticker is DOGE (ticker). Despite its comedic reputation and limitless supply, Dogecoin has achieved historic highs in value. Coinbase is only one of many centralized cryptocurrency exchanges where you can buy or sell it.
A bitcoin exchange, wallet service, and payment processor, Coinbase is a publicly traded company. The popular and straightforward Coinbase app is one such tool; it facilitates the purchase and sale of several cryptocurrencies.
Are you confused about how to buy Dogecoin or sell Dogecoin on Coinbase? Could I buy Dogecoin with Coinbase funds? Keep reading if you want to know more about this.
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A little about Dogecoin:
Dogecoin was initially conceived of in 2013 as an elaborate joke by Billy Markus and Jackson Palmer.
They based the digital asset on a meme that has gone viral, which shows a Shiba Inu dog sitting up straight and staring at the camera as grammatically wrong sentences are pasted around it.
Over 10,000 new Dogecoins are created every minute due to the fact that there is no limit to the total amount that may ever be mined.
Hence, unlike Bitcoin (BTC), whose total quantity is capped at 21 million, Dogecoin (DOGE) is an asset that contributes to inflation.
DOGE is a decentralized digital currency that functions separately from the Bitcoin blockchain.
When compared to the Bitcoin network, which creates a new block every 10 minutes, the DOGE blockchain generates a new block about every minute.
That’s why DOGE transactions can often be processed significantly faster than Bitcoin ones.
How to buy Dogecoin on Coinbase:
Buying Dogecoin on Coinbase is a fairly straightforward process once a user has sent monies to their Coinbase account.
To buy or sell items, navigate to the main profile page and look for the “Buy/Sell” option in the upper right corner (Coinbase browser platform).
Simply select from the drop-down menu after clicking the “Purchase” button (finding might require using the search bar included with the list).
Choose a mode of payment using the menu that’s located underneath that box. Make careful to specify whether or not this purchase should be a one-time occurrence or a regular occurrence as well.
After deciding how much money you want to spend on DOGE, click the button labeled “Preview Purchase.”
Check that the particulars of the purchase are accurate, make a mental note of the cost, and then click the “Purchase now” button.
A user who is interested in purchasing can do it on the Coinbase Pro (browser platform) by finding a DOGE asset pairing that is compatible with the assets that the user already possesses on the platform.
Asset pairings are exactly what they sound like: pairs of different assets. A user has the option of either buying or selling one of the assets that make up the pair in exchange for the other item that is listed.
Users are able to purchase and sell (DOGE) in return for US Dollars (USD) when using a currency pair such as DOGE/USD.
Simply select the appropriate DOGE pairing from the drop-down menu that can be accessed by clicking the arrow in the top-left corner of the main page.
Make sure that the “Buy” and “Market” settings are chosen, then write in the amount that you would want to spend and click the “Place buy order” button.
The total amount of DOGE that will be acquired as well as the associated fees are displayed directly above the order button.
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