How do I buy Dogecoin?

Cash: Exchanges will generally accept fiat currencies like the U.S. dollar for investors who wish to purchase Dogecoin directly. In order to make a purchase, you’ll need to create an account at the exchange you choose, and generally fund that account from a bank account.

Where is Dogecoin stored?

When you buy Dogecoin, it’s by default kept in your exchange’s or brokerage’s crypto wallet. Because these are generally connected to the internet, some investors prefer to withdraw the crypto they purchase from their exchange or brokerage and store it in another wallet.

Should I Keep my Dogecoin on an exchange?

Keeping your Dogecoin on an exchange is convenient because you can buy and sell at any time. Security. Holding Dogecoin on an exchange does come with significant counterparty risks, but reputable platforms also invest heavily in security so you don't have to worry about the pitfalls of self-custody. Insurance.

How long does it take Dogecoin to go through?

Once you place the order, it should go through immediately. Like other cryptocurrencies, Dogecoin isn’t limited by trading hours; you can buy and sell Dogecoin 24 hours a day, seven days a week. 5. Consider Your Storage Options When you buy Dogecoin, it’s by default kept in your exchange’s or brokerage’s crypto wallet.