Tutorial – How to buy Dogecoin and how to secure your wallet

Updated on August 5, 2018 in DOGECOIN
0 on August 5, 2018

Disclaimer: I do not reccomend to use Dough Wallet, FreeWallet, or the ”original Dogecoin Wallet” (otherwise knows as the core wallet) for Android. I have noticed that there are people who are having issues with these so I would avoid these wallets, to avoid any problems later on. The best, and most secure wallet, would be a Paper Wallet. Find out how to create one here!

PLEASE READ FIRST:

I strongly reccomend against Dough Wallet. It seems like some people are not reading the top of the post, which says Dough Wallet is a wallet which needs definite fixing and is not a good option, and then use Dough and lose all of their money. Please make sure you know the risks if you do use it. I am in no way responsible for lost funds.

Hi there! Today, I’ll be showing you how to buy Dogecoins easily, and safely. There are a lot of methods to do this, ranging from easy to quite difficult. I will go over all of them today.

For these methods, you will need to have either a Credit Card, be able to wire money via SEPA, have iDEAL, Bancontant, Giropay, Mistercash, Mybank, or Sofort. If you do not see your payment method listed here, you cannot buy dogecoins! One way around this would be to get a VCC (Virtual Credit Card) at a convenience store, which is basically a Credit Card which you load with a certain amount of money. Obviously, these cannot go in debt, you have to make sure to get the right amount of money on there. Usually the VCC’s cost about 1 or 2 dollars to get activated. Make sure, if you decide to go this route, that you read the instructions carefully and make sure you have the right balance for your desired purchase. PayPal is usually not accepted due to the refund policy. You can look on eBay, but you’ll be paying 2, 3, or sometimes even 4 times the price. This is why I don’t reccomend it.

Okay, so let’s get buying! (If you are from the EU)
There are a couple of websites where you can buy Dogecoins straight up, without the hassle of conversion. These are (in my experience) safe to use websites. I have ordered over €50 (~$70) from both and I never had problems. The websites are www.anycoindirect.eu and www.litebit.eu. These websites accept every payment method, except Credit Card. It is worth noting that, on LiteBit (only if you use SEPA), it is a good idea to buy LiteBit Credits instead of making the purchase directly. SEPA transfers take 1-2 days to be completed, and the exchange rate may have varied by then. This way, you can hold onto your credits, and make a purchase immideatly whenever you want, allowing you to get more doge for your money! You can also sell Doge at LiteBit, they do take a fee of around 5%. Anycoindirect is basically the same thing, only they have a minimum order of €25, whereas LiteBit has a minimum of €100. Anycoindirect is a bit faster, and has better support. I’d say Anycoindirect is superior over LiteBit, even though they take a fee of 10% on sell orders.

For buyers from the US, or anywhere that’s not in the EU

Here is where it gets a bit more tricky. I’ll be explaining how to buy Litecoin on Coinbase (with SEPA or Credit Card), and then exchange it.

So, get started by making a Coinbase account and buying Litecoin. You can also buy BTC, but the fees will be way higher. Complete the purchase with Credit Card or SEPA, and the Litecoin will be deposited to your Coinbase wallet. Note: Coinbase requires ID verification. Then, you can go one of 2 ways: 1: use ShapeShift. This is by far the most easy way to exchange your LTC to DOGE, as you don’t have to do other conversions (unlike bittrex). You just send your LTC from Coinbase, to the address they give you. Tip: hit the ‘Precise’ button for a better rate. They charge a fee, but it’s not that much and i personally think it’s worth it. 2: If you want the absolute most Doge for your money, use Bittrex. You can convert the LTC to BTC, and then convert the BTC to DOGE. Quick instructions, make an account and select ”Balances” at the top of the page. Search ‘Litecoin’ in the search box and hit the + icon. This will bring up an deposit addres. Send your LTC from Coinbase over to Bittrex, where you’ll wait for a couple confirmations. Once done, head over to the LTC/BTC market and sell your LTC for BTC. You might be thinking, why don’t i just buy BTC directly from Coinbase? The fee of sending that to your deposit address will be very expensive. You’re better off doing it with LTC, it’ll give you way more Dogecoins for your money. Anyways, once you’ve sold the LTC for BTC, go to the BTC/DOGE market and do the same, sell the BTC for DOGE. Once done, head back to Balances and search ‘Dogecoin’. Note: it might take a while for the DOGE to appear. If your Dogecoins are visible there, you’re done! Hit the – button and submit the withdrawal to your wallet address. You’ll have to confirm this via E-Mail.

 

this was pulled from Dogecoin  Developers on Reddit

 
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