The dogecoin is one of the unique types of cryptocurrency which was introduced by the software engineer Jackson Palmer and Billy Markus. They make the payment system instant and free from the traditional banking systems. In this article, you will know about the steps for the buying, trading, and withdrawal of the dogecoin.
What are the steps for buying the dogecoin?
The steps for buying the Dogecoin are given by
- First, you have to log in to the registered website for the dogecoin. Next, you can open an account by creating a new username and strong password which will help to protect your account from the hackers and other scams.
- The next step is to verify your account. You need to give your name, date of birth, address, and contact number. You can buy the dogecoin with the other cryptocurrencies like DASH and litecoin. If you are using the fiat currency you need to give some additional documents for verifying your identity.
- Deposit the fiat currency. You can fund your account with different payment methods.
- Finally, you are ready to purchase your doge after funding your account.
How will you trade the dogecoin?
It is one of the popular types of cryptocurrency. You can trade the Dogecoin in two ways. They are given by,
Online broker: You will the dogecoin from the online brokers who will allow you to speculate the price of the dogecoin is going up or down in the market.
Exchanges: You also buy or sell the dogecoin by using the fiat currency.
What are the steps involved in withdrawn of the dogecoin?
The steps to withdraw the Dogecoin are given by,
- First, you will need to log in to your dogecoin account.
- After login, you will navigate the balance page on the main page of the account.
- On the balance page, you will see the types of wallets of each currency.
- Now you have to click on the withdraw option on your dogecoin wallet. You can fill in the destination of the dogecoin address.
- You can fill in how much amount of dogecoin of trade cryptos you will need to withdraw from the wallet.
- Next, you will get the 2FA code from the Google authenticator application.
- After the above process, you will make sure about the all details you are given. After that, you can press the create withdrawal option.
- A mail will be received by your mail id and confirm the withdrawal through the link in the mail.
- Now you are ready to withdraw your dogecoin to your pocket from the dogecoin wallet.