Dogecoin is a cryptocurrency with an interesting history. It started as a joke currency based on the doge meme, but it has since grown into one of the most popular cryptocurrencies in existence. You can buy Dogecoin with Bitcoin or US dollars on Coinbase. If you follow these simple steps, you will get an idea of how to buy dogecoin on Coinbase.
- First, open up a Coinbase account
You can have one just for trading if you want, but it is unnecessary to get started with dogecoin buying on a coinbase. Just open up an account for trading later on if you are interested in doing that. If you have never used Coinbase before, then sign up with your email and password.
2 Link your bank account or credit card with Coinbase
Coinbase will send you an email that asks if it’s ok for them to link your Coinbase account with your linked banking number/credit card. Click yes and sign in again into coinbase after receiving this email from them. You should see a green circle next to “verified” now under your name tag at the top right corner of the coinbase website. This means they are all set.
- Add Payment Methods
Once you are logged in, click on the Dashboard tab. Next, click Add a payment method at the top right of your account page to set up an account with Coinbase. You can also use this option if you need more than one wallet registered with CoinBase.
- Verify your account
Coinbase will ask you to verify that the payment method is valid and belongs to you. They may even ask for a photo ID, but this depends on how much Bitcoin or Dogecoin you buy within a certain amount of time. It’s not mandatory, but it helps with security, so we recommend doing it anyway. This step can be skipped if all you want is dogecoins from coinbase because CoinBase sets no limits until trading begins in March 2015.
- Buy Dogecoin on Coinbase
You can now buy dogecoins with the payment method you just added. After adding it, click Buy/Sell and then enter how much money you want to spend or how many coins you want to get. If your order is more than $15000 (USD), they will also require some identity verification from coinbase.
Once you have bought Dogecoin from Coinbase, it will be stored on the account homepage. You can then send them to a DogeCoin wallet or keep them on your coinbase account for trading purposes.