One of the most surprising things about Dogecoin is how it managed to go from being a meme coin with a little-to-no initial value into one valued at around $25 billion.
DOGE is the cryptocurrency everyone was talking about in 2019. Elon Musk helped put this little-known currency on people’s radar from one tweet to another, and now it’s booming. Some see DOGECOIN as volatile gambling with significant risks. On the other hand, others invest their money into these coins because they’ve returned rich rewards time after time.
You may be wondering, despite its growth in popularity, Is it possible to trade them through Webull as other trading platforms?
Read along the article to get this information.
Does Webull Have DOGE?
Yes, the cryptocurrency has been available on Webull since 20 April 2020. However, before investing your hard-earned cash, be sure to check if you can transact on this platform.
How to Buy Dogecoin (DOGE) on Webull
You can trade DOGE once you’ve been approved for crypto trade. Just type in DOGEUSD and head over to the quote’s page.
Below is a step-by-step breakdown of how to buy Dogecoin on the Webull platform.
Download or open Webull
Webull is a new and innovative app that allows you to trade DOGE without any need for an account. You can download it from the Google Play Store or Apple App Store. Once installed, register with your details to link up funds, so trading begins.
Fund your account
Once you have your Webull account set up, it’s time to fund. Link a bank account and deposit the amount of money you want in your account. To do this, add your Social Security Number or your bank account number if it is a requirement.
The only trading condition is that you have to trade in dollars. Yet, you can start trading right away with a minimum deposit requirement of $0.
Determine Your Entry Point
Webull offers a wide range of technical analysis tools that can help you with your investing in cryptocurrency. However, be sure to do some research before investing and never invest money that you cannot afford to lose.
Execute your trade
You can place a market order to buy cryptocurrency, or you could opt for an IOC and have the ability to cancel at any time before execution.
Market orders allow you to trade DOGE at the current available price. It’s best to use market orders if you want a direct trade at the current price.
A limit order is a way for traders to buy or sell at a set price. Limit orders are a great way to protect your investments.
Limit orders are a trader’s best friend since they allow you to set your price. However, there is no guarantee that they could always come up short or overshoot on either end of the trade.