Dogecoin rose more than 7,000% in the first half of 2021 and has garnered the support of big names in the investing / leadership space, including Elon Musk and Mark Cuban.
Dogecoin is a cryptocurrency created in 2013 by software engineers Billy Markus and Jackson Palmer as a joke. They decided to name the coin after a popular meme of “doge” (featuring a Shiba Inu dog).
With its solid performance in 2021 (and lots of media hype), Dogecoin may seem like a desirable option for investors looking to gain exposure to the cryptocurrency market and build wealth.
Before diving into Dogecoin, make sure you decide on a reasonable amount that you’re going to purchase.Experts recommend that you don’t invest more than you can afford to lose regarding cryptocurrencies.
To buy Dogecoin, you’ll need to open an account on a cryptocurrency exchange. This exchange is an online place where buyers and sellers meet to buy-and-sell cryptocurrencies.
Before buying any crypto-currency or making trades, you’ll need to deposit some money in your account. Most exchanges will let you deposit money directly from a chequing or savings account.
Once your money has gone through and is sitting in your account, you can place an order for Dogecoin. You can search for Dogecoin via its name or by typing in its ticker: DOGE.