Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. To do this, the coin featured the friendly face of the Shiba Inu dog from the popular “Doge” meme as its logo.
One dogecoin is now worth a mere $0.0469, but that’s still easily at record levels.
According to a publication by CNN, the surge came after a popular Reddit forum — not unlike the WallStreetBets group behind GameStop’s rally — set its sights on pumping up the digital currency.
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Even Elon Musk got in on the action, on Thursday tweeting a photo of a fake magazine cover titled “Dogue” instead of “Vogue.”
The Tesla CEO has engaged in similar banter before. Last month, he spread the word about the cryptocurrency, tweeting: “One word: Doge.” He even temporarily updated his Twitter bio to read: “Former CEO of Dogecoin.”
Months before, Musk tweeted another image of dogecoin, sending the price up 14%.
The excitement this week has been palpable. Dogecoin’s market cap has soared 380% over the past 24 hours and currently stands at $6.9 billion, according to cryptocurrency tracker CoinMarketCap. Its trading volume has surged 2,200% in the same time period.
“Let’s get Elon to shill for us,” one Reddit user wrote.
“It’s up to us to decide what DOGE is worth,” said another user. “And I’m not selling for pennies.”
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How To Buy Dogecoin
For now, purchasing Dogecoin is not as easy as other coins because it is not listed on most exchange platforms but in this tutorial, I will be teaching you how to buy Dogecoin of any amount from Binance and also how to swap it if you have to other cryptos.
To Buy Dogecoin from Binace cryptocurrency exchange,
- Sign up on or scan the code below and earn 5% commission instantly.
- Click on buy crypto or deposit you deposit any amount (preferable $50or it’s equivalence).
- Once you complete the purchase, Binance will deposit your new crypto directly to your Binance wallet. You can also trade your asset with other pairs on the Binance platform.
How To Swap Other Coins To Dogecoin
Swapping other coins to Doge is very simple and can be done seamlessly. For the purpose of this tutorial, I will use the Binance app and Klever blockchain wallet.
To swap on Binance:
- Login to your Binance app or click here to register if you don’t have Binance.
- From the Menu options, click on CONVERT
- Select the Coin you have on the first area and the amount you wish to swap.
- select Doge on the second space just above the one on no 3 above and the equivalent on Doge will appear
- Once satisfied, proceed with the transaction.
To swap on Klever:
- Login to your Klever wallet.
- Click on swap symbol from the list of icons lined below the app.
- Select the Coin you have on the first area and the amount you wish to swap.
- Select Dogecoin on the second space just above the one on no 3 above and the equivalent on Doge will appear
- Once satisfied, proceed with the transaction.
- Wait for the network to confirm your transaction and credit your wallet with your dogecoin.
How To Buy Crypto On Roqqu
- Use Roqqu App to purchase Ethereum by creating account using the link https://app.roqqu.com/signup?
- You can Buy/Sell, Send/Receive listed crypto, Deposit & Withdraw Fiat here
- After creating your Roqqu Account, install the Roqqu App from Playstore.
- After downloading Roqqu App, login to your dashboard after confirmation of code sent to your email.
Proceed to Upgrade Your Roqqu Account using your BVN by clicking on verification in Settings - Proceed to Add Bank Account in the Settings Menu.
- After successful verification and update of Bank account in settings, proceed to click on Deposit/Withdraw option on dashboard, select *Deposit*, enter amount you wish to buy Ether, proceed to select Bank Deposit or Bank Transfer option, select recommended Providus Bank account and transfer a minimum of N5,000. Funds will be deposited after few minutes of transfer.
