How to Buy Dogecoin in Ireland
A Beginner’s Guide to Buying and Selling Dogecoin Cryptocurrency in Ireland
If you’re based in Ireland and wish to buy Dogecoin – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many Dogecoin tokens you want to buy.
Dogecoin is a meme token that started as a joke. However, the token has since gained popularity, and in this year alone, Dogecoin has gained by more than 12000% in value. The growth of this token is mainly attributed to the CEO of Tesla, Elon Musk, who has been pushing for the adoption of the token. With such backing, DOGE makes a great crypto investment.
What’s in this Guide
This guide will give you the details you need to know about investing in Dogecoin in Ireland. The guide has been well detailed to be easy for a beginner investor to understand what it entails. However, one needs to know that the guide should not be used as a replacement for financial advice. If you are new to the market, be cautious of volatility and seek help from expert traders to increase the chances of making profits.
- QUICK GUIDE: HOW TO BUY DOGECOIN IN IRELAND
- Where to Buy Dogecoin in Ireland
- A Step-by-Step Guide to Buying Dogecoin in Ireland
- How to Sell Dogecoin
- How Dogecoin Works
- Key Things to Consider When Buying Dogecoin in Ireland
QUICK GUIDE: HOW TO BUY DOGECOIN IN IRELAND
- Open an account with a cryptocurrency exchange.
- Verify your account.
- Go to the deposit section
- Go to the platform and select Dogecoin.
- Enter how many Dogecoin tokens you want to buy.
- Check the details and confirm your purchase.
Where to Buy Dogecoin in Ireland
If you are looking to buy Dogecoin in Ireland, the best place for you to check would be on a cryptocurrency exchange. There are many exchanges in Ireland, and you need to research the one that supports Dogecoin and has a high level of security.
A Step-by-Step Guide to Buying Dogecoin in Ireland
To purchase Dogecoin in Ireland, one needs to choose between buying using other cryptocurrencies or using fiat currency.
Buying Dogecoin with other cryptocurrencies
You can buy Dogecoin using other cryptocurrencies that you hold in your exchange account. If you are already a trader in the market, you can trade the cryptocurrencies you are already holding and exchange them with Dogecoin. To select a pair that will facilitate exchange, you can choose those labelled BTC/DOGE, ETH/DOGE and more.
Buying Dogecoin with fiat currencies
The other option for you to purchase Dogecoin is by using fiat currency. If you are opening an exchange account to purchase Dogecoin in Ireland, you need an exchange that supports the Euro. These are some of the things you need to consider when selecting the exchange because not all exchanges support the purchase of DOGE with fiat currency.
To buy Dogecoin follow these simple steps:
Step 1: Open an exchange account
The first step for you if you want to buy Dogecoin is to register an exchange account. To register the account involves almost the same process as the one of opening a bank account. You need to provide your name and contact information. You also need to confirm the details you have provided using basic KYC measures.
When creating the account, you should also create a strong password to keep your funds and tokens safe. In addition, set a two-factor authentication process that will boost the security of the exchange account.
Step 2: Fund the account
The second step you need to take is to fund the exchange account. In this case, you can fund the account using fiat currency or other cryptocurrencies. Funding the account using fiat currency is the most straightforward option, and you can do so using a credit card or a bank account. Most of the time, the exchange will give you a detail of the steps that you need to follow.
Step 3: Purchase Dogecoin
The third step is to purchase Dogecoin. To place an order for the tokens, you need to enter the number of funds that you need to spend for the exchange. There are two main types of orders that you can place to buy Dogecoin.
The first type of order is the market order. The order will allow you to buy the tokens at the ongoing market prices. You can also place a limit order that will allow you to buy Dogecoin when the prices go lower than what the token goes for in the market.
How to Sell Dogecoin
Once you have bought Dogecoin, the other step you need to take is to sell the tokens to make profits from the tokens. To sell Dogecoin, you need to log in to the exchange account and then go to the sell order section that will allow you to trade. You can sell Dogecoin for fiat currencies, or you can sell the token for other cryptocurrencies.
Which wallets can I use to hold Dogecoin?
If you want to hold Dogecoin, you need to look for a crypto wallet to keep the tokens safe. There are different types of wallets, and these are grouped into two major categories. One is the cold wallet that keeps your tokens on offline locations such as on USB drives. The other type is the hot wallet that will keep Dogecoin online, making it easy for you to trade as regularly as you would like to.
How Dogecoin Works
Dogecoin is a cryptocurrency that is based on a decentralised platform such as bitcoin and others. The token makes it easy for people to settle transactions because it facilitates fast and cheap transactions.
Key Things to Consider When Buying Dogecoin in Ireland
If you want to buy Dogecoin in Ireland, you need to consider the following factors:
You need to assess the availability of a token to determine if it will have the liquidity needed to facilitate purchase and sale processes.
You also need to assess if the token can be used for any real purposes. Tokens that have purposes other than trading experience stability in their value.
The other thing you also need to check is the market performance of the token. So, again, look at how the token has been performing in recent weeks to help you make a trade decision.
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Virtual currencies are highly volatile. Your capital is at risk.
Can I Buy Dogecoin with a credit card?
It is possible to buy Dogecoin with a credit card, but not all exchanges support this.
Is Dogecoin volatile?
Yes, just like all other cryptocurrencies, DOGE is highly volatile, and its value can easily fluctuate.
Where can I buy Dogecoin in Ireland?
If you want to purchase Dogecoin, you need to open an account on a crypto exchange platform. There are many exchanges available that support the token.