Starting as a mere joke, Dogecoin [DOGE] was the very first meme cryptocurrency to enter the market. However, over the years, the asset became more prevalent and popular among the masses. As the asset currently trades around the $0.09087 zone, here’s how you can purchase DOGE on the prominent cryptocurrency exchange Coinbase.
Buying Dogecoin on Coinbase is limited to a few steps. The first one includes creating or setting up a Coinbase account. This can be done either on the mobile application or the web browser page. Coinbase uses prompts that users must respond to when they create an account. These questions often ask for a variety of personal information, including name, date of birth, email address, and phone number. Following this, identification and verification processes take place.
After this, users will have to fund their accounts. If fiat financing is required, creating a Coinbase account entails connecting a way to spend or send fiat money [such as the US dollar, etc.]. This isn’t limited to fiat alone. Users can deposit cryptocurrency to their Coinbase accounts as well.
Here’s how to kickstart your Dogecoin journey on Coinbase
Buying Dogecoin is rather easy after a user transfers money to their Coinbase account. On the primary profile page, select “Buy/Sell” from the menu in the upper right corner. This, however, is on the Coinbase browser platform.
Look for Dogecoin on the list in the search bar. Pick DOGE from the list by clicking “Buy”. Select a payment option under that box. Additionally, be sure to specify if this purchase should be a one-time or ongoing activity.
After deciding the amount associated with the purchase of DOGE and entering it into the number pad, click “Preview Buy.” The exchange will automatically convert the entered fiat into a Dogecoin amount. Then select “Buy now” after making sure the order’s information is accurate and noting the fee.
This is the final process and the user will be directed to the confirmation screen following this.