Dogecoin (DOGE) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a “joke”, making fun of the wild speculation in cryptocurrencies at the time.
It is considered both the first “meme coin”, and, more specifically, the first “dog coin
Billionaire Elon Musk frequently uses his Twitter platform to express his views on Dogecoin, which frequently ‘pumps’ the price after Dogecoin-related tweets.
In this post, we are going to learn how to buy Dogecoin through Binance exchange via peer2peer method
If you missed our article, on how to signup and verify your binance account you may want to check that out and go through the process before continuing with this step
Also, learn to use this article to purchase USDT via p2p with your fiat currency through Mobile Money as we will be swapping it for some Dogecoin
If you already have a verified Binance account, you may continue with the rest of the steps below to purchase the meme coin
Log in to the Binance app, and switch to Binance pro
Now move to the Trades tab and at the upper left Corner hit on Convert
Here you will be presented with an option to convert one crypto to another, eg USDT to DOGE
Choose your currency pair, preview the exchange rate and hit convert within 5 secs to confirm
Congratulations your conversion was successful, you can go back to your wallet and see your converted coin
To sell Dogecoin back to USDT, simply reverse the order and switch the DOGECOIN back to USDT