In June 2021, the internet was introduced to BabyDoge. Like DogeCoin, it is a meme cryptocurrency created by crypto enthusiasts. Unlike its father, it has some advantages that might appeal to investors and traders such as faster transaction speeds.
Perhaps the main selling point of this coin is that its 5% from every transaction goes back into rewarding holders in perpetuity (but only if they keep their coins on an exchange).
Currently, there are about 295 quadrillion Baby Doge Coins in circulation, whose transactions are secured through the Binance Smart Chain’s Proof of Stake Authority consensus.
In this article, you are going to learn where and how you can buy BabyDoge.
Where Can You Buy BabyDoge Coin?
Currently, BabyDoge is available on a few exchanges, including DODO BSC, PancakeSwap, LBank, CoinW, and XT.com.
However, unlike most crypto assets, BabyDoge cannot be bought directly with fiat currencies.
First, you have to convert your fiat currency into USDT (Tether). Then transfer the USDT to an exchange that has listed Baby Doge.
A Step-By-Step Guide on Buying BabyDoge
The following is a detailed step-by-step guide on how to buy Baby Doge Coin (BabyDoge):
Step 1: Sign Up for a Fiat-to-Crypto Exchange
As mentioned earlier, there is currently no way to buy BabyDoge directly using fiat currency. You can only buy it using USDT (Tether).
To buy USDT, you need to have an account on one of the major fiat-to-crypto exchanges, such as CoinBase, Uphold, Binance, and MXC.
Step 2: Buy USDT
After creating an account on one of the exchanges, deposit the amount of fiat currency you deem enough and purchase USDT.
Currently, the price of Baby Doge is $0.00.
Also, note that the mode of transfer you choose while depositing money into an exchange affects the transaction speed and fees. While bank transfers tend to be cheaper, they are slower compared to debit or credit card purchases.
Navigate to the trading section on the exchange’s website and click on USDT to buy.
Step3: Find an Altcoin Exchange
You need to transfer the USDT to an exchange that allows BabyDoge transactions. Since BabyDoge is an altcoin, you are looking for altcoin exchanges, such as Gate.io.
Gate.io is one of the best altcoin exchanges because of its wide range of trading pairs and the availability of almost all new altcoins. Additionally, it has one of the highest trading volumes, about $100 million daily.
To buy BabyDoge on Gate.io, transfer your USDT from the fiat-to-crypto exchange to your Gate.io wallet, which you get by creating an account.
Step 4: Transfer the USDT to the Altcoin Exchange
The altcoin exchange will provide you with a “USDT address,” a unique address that you can use to deposit USDT. Copy this address, open the platform you used to buy USDT, go to your portfolio page, click on USDT, click Send, and paste the USDT address from the altcoin exchange under the recipient section.
Step 5: Buy BabyDoge
It might take some time for the USDT you transferred to reflect on the altcoin exchange. But once it does, all you need to do is head over to the trading page and find the BabyDoge/USDT pairing by searching “BabyDoge.”
Enter the amount of USDT you want to spend BabyDoge, and, voila, you are now a BabyDoge owner.
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