How to buy and sell Dogecoin

How to buy and sell Dogecoin

If you are active in the digital currency market, you must have noticed the extreme fluctuations in the price of Dogecoin. In this article, we intend to teach the ways of buying and selling Dogecoin. with us on the site How come along

What is Dogecoin?

Dogecoin is a digital currency that started as an internet joke.

The creators of Dogecoin created this digital currency for fun, but it didn’t take long for this digital currency to become very popular among users.

Dogecoin’s main use is to reward people who produce interesting and entertaining internet content. But in recent years, buying and selling Dogecoin for profit has also become very popular among digital currency market participants.

If you check the price chart of Dogecoin, you will notice its extreme price fluctuations. Due to these fluctuations, Dogecoin has become a very interesting tool to earn high profits. However, buying this digital currency has a very high risk.

How to buy and sell Dogecoin
600% growth of Dogecoin overnight

Another reason for the popularity of this digital currency is its high speed and low transaction fees. But the main reason for Dogecoin’s popularity is Elon Musk’s support for this digital currency. So that Elon Musk’s tweets in July 2020 caused Dogecoin to see a 600% growth in 24 hours.

Dogecoin buying and selling training:

How to buy and sell Dogecoin
The only thing that matters is knowing when to buy and sell.

You have two ways to buy and sell Dogecoin. You can buy Dogecoin from Iranian exchanges and you can use international exchanges to buy and sell Dogecoin.

It doesn’t matter which of these ways you use. What is important is your awareness of when to buy and when to sell digital currencies such as Dogecoin. In order to be able to make a profit from buying and selling Dogecoin, it is necessary to analyze this digital currency well. Otherwise, you may suffer severe losses.

Also remember that you need a cryptocurrency wallet to store Dogecoin and any other cryptocurrency. In the following, we will introduce some valid Dogecoin wallets.

Now let’s look at the ways to buy and sell Dogecoin.

1- Buying and selling Dogecoin through Iranian exchanges:

How to buy and sell Dogecoin

One of the ways to buy Dogecoin is to register and trade it in Iranian digital currency exchanges.

So, in the first step, it is necessary to find a valid Iranian digital currency exchange. With a simple search on the Internet, you can find the list of these exchanges. To register in Iranian exchanges, follow the steps below.

How to register in Nobitex

How to register in Nobitex online exchange

Registration in Iranian exchanges:

first stage : Find an Iranian digital currency exchange and enter its website. Then enter the exchange registration page.

second stage : On the registration page, enter the information requested correctly and carefully.

third level : To complete your registration in Iranian exchanges, you need to complete the authentication process. For authentication, it is necessary to upload the scan of your national card and bank card in the relevant section of the exchange site. It is also necessary to take a picture of yourself in which you have your national card, bank card and an A4 sheet containing the text that the exchange site has announced, and upload it to the exchange site like other documents.

Fourth step: After confirming your information, your account will be activated. If you intend to define a new bank card for your user account, enter your card number, account number and bank card number in the add bank card section and upload the scan of your bank card in the corresponding section.

Please note that due to anti-money laundering and financial abuse laws, each person is able to top up the user account and withdraw money only with a bank card that is in his own name.

Training on buying and selling Dogecoin from Iranian exchanges:

first stage : Log in to your account and go to the charging section of your account.

second stage : In this section, specify the amount of riyals you want and then choose the bank card you want to pay the amount with from among the cards you have defined for your account.

third level : Click on payment to enter the bank payment portal. Then enter your bank card information in the payment portal to complete your payment and charge your account.

Fourth step: Go to the Dogecoin buying (or selling) section and enter the amount you want to buy (or sell) in the relevant box. Then enter your Dogecoin wallet address in the corresponding box. Also, if your exchange supports the internal wallet, you can keep the purchased Dogecoin in your exchange wallet.

The fifth step: Now click on the order registration option so that your order will be processed and completed. Note that Dogecoin buy and sell orders can be made within a certain amount of time. It means that you cannot buy and sell more or less Dogecoin.

2- Buying and selling Dogecoin through international exchanges:

How to buy and sell Dogecoin

To use international exchanges, it is necessary to first create an account for yourself. Note that since Iran is among the countries under sanctions, many exchanges do not provide their services to Iran.

Among the exchanges that you can work with from Iran, you can mention Binance exchange.

We will explain how to build and use this exchange in a separate article.

In general, it is recommended to use domestic exchanges as much as possible to buy and sell Dogecoin.

Dogecoin wallets:

There are quite a few Dogecoin wallets, some of which are not very secure. So, you should be careful when choosing your Dogecoin wallet. Here we will introduce three Dogecoin wallets that are highly secure.

Coinomi wallet:

How to buy and sell Dogecoin
Coinomi wallet

In addition to having high security, Coinomi wallet also has a suitable user interface. You can use this wallet to store Dogecoin.

Jaxx Wallet:

How to buy and sell Dogecoin
Jax’s wallet

Jax wallet is one of the popular and multi-purpose wallets that exists in all three versions of desktop, web and mobile. This wallet supports many digital currencies, Dogecoin being one of them.

Dogecoin wallet:

How to buy and sell Dogecoin
Dogecoin wallet

This wallet is made specifically for Dogecoin and is currently only available for Android phones. Using this wallet is simple and you can easily manage your Dogecoin assets in it.

Final word:

Buying and selling Dogecoin requires the science of analysis. If you don’t know anything about technical analysis or news analysis, it’s better to stop buying and selling Dogecoin and learn to analyze first. It is possible to buy Dogecoin without analysis and earn a lot of profit, but the probability that you will suffer a lot of losses in this way is very high.

How to buy and sell digital currency

Also, try to use Iranian exchanges to buy and sell Dogecoin. Since the regulations in international exchanges are changing, using Iranian exchanges to buy and sell Dogecoin is more secure.

Frequently Asked Questions

Can we use domestic exchanges to buy and sell Dogecoin?

Yes, you can use reputable Iranian exchanges that operate in the field of buying and selling digital currencies to buy and sell Dogecoin.

Is the purchase and sale of Dogecoin tradable with the currency of the country (Rial)?

Yes, if you use local exchanges to buy and sell Dogecoin, you can do your transactions in Riyal form.

Do foreign exchanges provide services to Iranian users from where Iran is embargoed?

Most of the foreign online exchanges are not able to provide services to Iranian users due to Iran’s embargo, and Binance exchange can be mentioned among the foreign online exchanges for buying and selling Dogecoin.

Do you need a computer to buy and sell Dogecoin?

No, you can buy and sell Dogecoin with your phone, tablet and computer, and you are not limited by this.

Is Dogecoin worth an investment?

If you are looking for a long-term investment, Dogecoin can be a suitable currency for investment, and if you want to go towards this currency for fluctuation, be sure to enter with complete information.

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