Wednesday, May 29, 2024

How to Buy And Sell Dogecoin On Binance (Step-by-Step Method)

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

STEP 1

Log in to the Binance app, and switch to Binance pro

STEP 2

Now move to the Trades tab and at the upper left Corner hit on Convert

STEP 3

Here you will be presented with an option to convert one crypto to another, eg USDT to DOGE

STEP 4

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

YOU MAY ALSO LIKE  How to Buy And Sell Shiba Inu On Binance (Step-by-Step Method)

Now that you have your USDT, you read our article on how to withdraw crypto directly to your Momo wallet or transfer it to another crypto account

JOIN OUR FAST GROWING CRYPTO COMMUNITY TO LEARN MORE

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