Before diving into Dogecoin, make sure you decide on a reasonable amount that you’re going to purchase. Experts recommend that you don’t invest more than you can afford to lose regarding cryptocurrencies.
The exchange is an online place where buyers and sellers meet to buy-and-sell cryptocurrencies. Some popular exchanges include Coinbase, Binance, and Kraken.
Most exchanges will let you deposit money directly from a checking or savings account. Some will accept wire transfers or PayPal transfers.
You can search for Dogecoin via its name or by typing in its ticker: DOGE. Then, specify how many Dogecoins you want to buy (or what dollar amount you wish to pay), and your anonymous purchase of Dogecoin should go through.
When you buy Dogecoin, it is typically stored directly on the exchange where you made the purchase. However, some people prefer to keep their coins in a cryptocurrency wallet (or blockchain wallet).