How To Buy Dogecoin in 2022

2021 was the year of cryptocurrency, with popular coins like Bitcoin and Ethereum growing to all-time highs. Of course, Bitcoin and Ethereum are somewhat “established” in the world of crypto, and hence their rise shouldn't have been too big of a surprise. However, when it comes to investing in cryptocurrencies, there's one coin that has honestly shocked the world: Dogecoin.

Dogecoin rose more than 7,000% in the first half of 2021 and has garnered the support of big names in the investing / leadership space, including Elon Musk and Mark Cuban.

We will run through everything you need to know before buying Dogecoin and give you the steps to buy Dogecoin. Ready to learn more about this Shiba Inu-inspired coin? Let's get right into it.

What is Dogecoin?

Dogecoin is a cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke. They decided to name the coin after a popular meme of “doge” (featuring a Shiba Inu dog).

Should You Even Buy Dogecoin?

With its solid performance in 2021 (and lots of media hype), Dogecoin may seem like a desirable option for investors looking to gain exposure to the cryptocurrency market and build wealth. That being said, it's important to remember that to invest in Dogecoin is the same as investing in any other vehicle: you need to do your research and set up realistic expectations.

Decide on an Amount

Before diving into Dogecoin, make sure you decide on a reasonable amount that you're going to purchase.

No. 1

Pick a Cryptocurrency Exchange

To buy Dogecoin, you'll need to open an account on a cryptocurrency exchange. This exchange is an online place where buyers and sellers meet to buy-and-sell cryptocurrencies. Some popular exchanges include Coinbase, Binance, and Kraken.

No. 2

Choose a Payment Option

Before buying any crypto-currency or making trades, you'll need to deposit some money in your account. Most exchanges will let you deposit money directly from a chequing or savings account. Some will accept wire transfers or PayPal transfers.

No. 3

Place a Dogecoin Order

Once your money has gone through and is sitting in your account, you can place an order for Dogecoin. You can search for Dogecoin via its name or by typing in its ticker: DOGE. Then, specify how many Dogecoins you want to buy (or what dollar amount you wish to pay), and your anonymous purchase of Dogecoin should go through.

No. 4

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