Dogecoin is getting a lot of press these days.
In fact, all crypto currencies, from Bitcoin to NFT’s are getting a lot of press, and each tweet and market high drive the internet wild.
I used to mine Dogecoin about 6 years ago, and sold it all (no regrets, my crystal ball is not working all the time). Today I am buying Dogecoin – Not a lot, just keeping my hand in the game. But my go-to exchange, Coinbase, does not handle Doge (at the time of this writing). So I decided to open an account at Binance, and buy some Doge again. I had to create an account, which required some serious verification. I thought this was a pain, but I realize that crypto currencies are unregulated. So being absolutely sure of your identity keeps your coins secure and free from thieves who would happily steal your wallet and all the coins in it. It took a few days to get verified, and link my bank account, but now I have Dogecoin again and am a happy camper!
Binance is an “exchange” for Crypto currency, which means you can exchange Dollars ($USD) from your bank account for a variety of cryptocurrencies. Once you have Dogecoin, you can Hold it, buy more, sell, and convert to other cryptocurrencies. You can also transfer some of your Dogecoin to a doge wallet on your cellphone or Computer. Dogecoin Wallets are available from Dogecoin.com
So if you want to get in on the Dogecoin fun, I recommend Binance for Dogecoin. You can also get your Bitcoin, Ethereum, Litecoin, and many others as well. The link is : Binance.us
My recommendation is that you accumulate coins with an ounce of caution, as Doge is Volatile and its good to play with, but don’t go “all in” or buy a lot at once. wait for a drop in price, and buy what your budget can afford – Crypto currencies are known for volatility and risk, so invest a few bucks for fun. It’s not worth losing your emergency fund or house to get into doge, regardless of how passionate you may be about it. For example, I only bought $150 worth of Doge. I may buy more. But a loss of $150 will not be a “life altering” loss of money for me. and if it doubled, well, it may not be like a lottery win – but I would be as excited!
One tweet about buying Tesla cars with Dogecoin or any press about dogecoin can send the price spiraling up or down. This volatility if both exciting and heartbreaking as we don’t know which way the market is going.
If you want to try a Dogecoin Faucet, where you can play games to earn Dogecoin – I use and recommend Rollercoin. It is a 5 year old faucet that is fun and can get you some free crypto.
Now you know where to buy some Dogecoin (and others), so take a look and see about signing up! To the Moon!