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How to buy and sell Dogecoin? Graphical tutorial on Dogecoin trading

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Aug 06, 2024 am 10:28 AM

cryptocurrencyexchangecold walletDogecoin

Buy DOGE: Create an exchange account, deposit funds, and buy DOGE. Sell Dogecoin: Go to an exchange, find a trading pair, and sell DOGE.

How to buy and sell Dogecoin? Graphical tutorial on Dogecoin trading

How to Buy and Sell Dogecoin: An Illustrated Guide

Buy Dogecoin

Step One: Get a Cryptocurrency Exchange Account
Choose a reputable one like Coinbase, Binance or Crypto.com cryptocurrency exchange. Create an account and complete identity verification.

Step 2: Deposit funds
Deposit fiat currency into your exchange account using bank transfer, credit card or debit card.

Step Three: Buy Dogecoin
Find the Dogecoin (DOGE) trading pair on the exchange platform. Enter the amount of DOGE you wish to purchase and click "Buy."

Sell Dogecoin

Step One: Transfer to Exchange
Transfer the Dogecoin you want to sell to the cryptocurrency exchange you use.

Step 2: Find the DOGE trading pair
Find the Dogecoin (DOGE) trading pair on the exchange platform.

Step Three: Sell Dogecoin
Enter the amount of DOGE you want to sell and click "Sell". Your Dogecoin will be exchanged for fiat currency or other cryptocurrencies.

Tip

Research Dogecoin before buying or selling.
Understand transaction fees before trading.
Store your Dogecoin securely, using a hardware wallet or cold wallet.
Monitor your investments regularly.

Dogecoin (DOGE) Latest Price Changes

Currently, the price of Dogecoin (DOGE) is $0.085 USD. The asset’s price has dropped significantly by more than 21% in the past 24 hours. Despite this, Dogecoin still maintains a healthy market capitalization of $12.39 billion.

Factors for Price Movements

Dogecoin’s recent price drop may be due to the following factors:

Overall downturn in the cryptocurrency market
Rising interest rates leading to sell-off in risky assets
Tesla suspends acceptance of Dogecoin as Car Payment Method

Future Price Trend Analysis

The future price trend of Dogecoin is uncertain. Cryptocurrency markets continue to be affected by interest rate and regulatory risks. However, Dogecoin’s status as a well-known meme coin and its connection to Elon Musk may continue to attract investors.

It is recommended that

investors exercise caution and invest according to their own risk tolerance.
Consider investing in Dogecoin as part of a wider investment portfolio.
Monitor cryptocurrency market news and updates as they may affect prices.

Short-term trend forecast

In the short term, Dogecoin may continue to face downward pressure. However, if market sentiment improves or there is positive news, prices could rebound.

Indicators

Current Price: $0.085
24-Hour Trading Volume: $1.955 Billion
Market Cap: $12.39 Billion
Circulation: 145.4 Billion
Total Supply: 145.4 Billion

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