How to investment in Dogecoin
The process of investing in Dogecoin is to buy a number of this currency and sell it when its price rises, and thus profits are made from the difference between the selling price and the purchase price, and the process of buying and investing in Dogecoin is as follows:
Full knowledge of Dogecoin currency
It is imperative for people who are about to invest in Dogecoin to know all the information and details about it, as this helps to make an investment decision and predict future events that will occur in this currency.
The Dogecoin currency is an encrypted digital currency that is circulated on the Internet, as it appeared in 2013 AD, and its appearance was a joke from cryptocurrency enthusiasts, but with time, it began to spread.
Determine the number of Dogecoin invest in
Investing in cryptocurrencies is considered risky. Due to its rapid and severe fluctuations, it is necessary to start investing a small number of them, until the actual entry into trading and a clear understanding of the currency, especially its price trends. Cryptocurrency".
Choosing a safe trading platform and opening an account on it
Before opening an account on the trading platform, it is necessary to choose a safe and reliable trading platform, and then open an account on it. Opening an account for trading is done in an easy and accessible way, and the steps are often the same between trading platforms entering all the information about the trader and verifying his identity.
Personal Account Financing
It is intended to put the coins in the investor's account that he opened on the trading platform to be able to buy Dogecoin coins, and there are several ways to do this, including:
- Credit cards.
- Bank transfers.
- Other cryptocurrencies.
Dogecoin purchase order
Upon completing the process of financing the investor's account, the option to purchase Dogecoin coins is directly available, where the investor chooses either the amount he would like to purchase or the number of Dogecoin coins he would like to obtain, then submits the purchase order and it is executed immediately.
Dogecoin Safe Storage
When buying Dogecoin coins, they will be stored in the wallets of the trading platform in which the investor is registered, and some investors prefer to withdraw their cryptocurrencies outside the trading platforms and put them in electronic wallets designed for this purpose, which are reliable and with a high degree of security, and there are two types of electronic wallets, namely:
- Hot wallet: These are digital wallets connected to the Internet.
- Electronic wallet (cold wallet): These are independent physical devices that the investor buys, not connected to the Internet, and they are more expensive than the first type, but they are more secure than them.
Dogecoin price watch
After purchasing Dogecoin coins and storing them securely, the investor monitors the prices of this currency and knows its trends. This is to make profits.