The Dogecoin is one of the unique types of cryptocurrency is invented by the software Engineer are named as Billy Markus and Jackson Palmer. It was discovered in the year 2013. In this article, you will know about the types of wallets and the steps to buying the DOGEUSD.
What are the wallets are used to store the Dogecoin?
The different types of wallets are used to store the DOGEUSD are given by,
- Dogecoin Core: This type of wallet contains the whole dogecoin blockchain. It will take a long time for downloading.
- MutliDoge: This is one of the light types of wallet which will store the enough information to use the dogecoin.
- Paper wallet: This is the printable type of wallet which you can carry in your hand. It is the best way to store your dogecoin.
- Hardware wallet: These are the types of removable hardware devices like USB devices. It is a little expensive than other wallets. This is also a secure way to protect your dogecoin.
What are the steps to buy the DOGEUSD?
There are three steps to buy the DOGEUSD. They are given by,
Step 1: First open an online account:
This is the first step to buying the dogecoin. You can open an online account with the help of the cryptocurrency brokers. You will need to consider some factors before opening the account. They are given by,
- You must check the broker fee and commission. Check the features and tools of the trading platform which you are going to use.
- You can find the types of coins and tokens are available for the buy or sell and access to the additional markets.
Before opening an account to buy the dogecoin you must consider the above factors in your mind.
Step 2: Fund your account and make your dogecoin purchase:
After the opening of the brokerage account, you can place an order to buy the Doge. The steps are given by,
- First, you can open the broker trading platform and know about the current price of the doge.
- The best broker will offer you a wide range of order types. Next, you can choose an order and calculate how much dogecoin wants to buy from the broker.
- After that, the broker will be filling your order. After the completion of the order, you can see your doge in your exchange wallet.
Step 3: Buy a wallet. This step is optional.
The cryptocurrency wallet will provide a secure way to store your dogecoin. There are two types of wallets are available. They are hot software wallets and cold hardware storage wallets. For more information, you can check DogeCoin news.