Are you looking for an honest Dogecoin Review? Search no more because, in this article, we will be reviewing Dogecoin honestly, we will also explain how it works, its pros and cons, and everything you need to know about the platform.
In this article, you will also learn how to buy and sell Dogecoin in Nigeria.
What is Dogecoin | Dogecoin Review
According to Dogecoin
Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as “the internet currency.”
Dogecoin is a fun, new, and rapidly growing form of digital currency. This form of digital currency is called “cryptocurrency”; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure.
Dogecoin is used with a wallet on your computer, your smartphone, or a website.
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars).
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The YouTube video below would also help you under What Dogecoin really is
How to Buy Dogecoin in Nigeria
The Dogecoin crypto can be bought from any of the supported cryptocurrency exchange platforms such as Binance, OKEx, Huobi, and Kraken and then stored in a Dogecoin wallet such as Coinomi (mobile), Exodus (desktop/mobile), Atomic Wallet (desktop/mobile), and Dogechain wallet.
Basically, they are three steps you have to follow in other to buy a dogecoin which include
- Getting a Wallet
- Copy your Dogecoin address
- Then locate an exchange platform to buy your Dogecoin
Now let me break it down so that you can understand better.
1, Get a Wallet
Depending on the amount of dogecoin you want to buy, you can either go for a Hardware wallet or a Software wallet.
Use software wallet (such as Exodus ) for a small amount of crypto and Hardware wallet for large among of crypto.
2, Copy your Dogecoin address
After downloading your preferred crypto wallet, locate your Dogecoin wallet address and copy it.
Your Dogecoin address is what you would be using anytime to want to receive dogecoin.
3, Then locate an exchange platform to buy your Dogecoin.
The recommended exchange platform to buy dogecoin includes, Binance, OKEx, Huobi, and Kraken
Let’s use Binance for example, locate the buy now button, select dogecoin and put in your receding address then make payments.
How to sell dogecoin in Nigeria
In other to sell dogecoin and withdraw the money to your account, you have to, first of all, sell your dogecoin to BTC, yo do that, follow the steps below
- Visit the Binance website
- make sure your dogecoin is in your spot wallet
- Click on trade beside the coin
- And select the BTC pair
- Select the amount you want to sell, and select market
- Now sell the BTC into the Naira currency and withdraw it to your bank account.
How Dogecoin Works
The Dogecoin blockchain can process roughly 30 transactions per second (TPS). Each DOGE transaction costs roughly 1 cent USD
Who is the Owner of Dogecoin?
The owner of the Dogecoin company is known on the internet which is a good indication of the legitimacy of the website.
Because one of the conditions for a legit website is that it must contain the owner’s information so that someone can be held responsible if anything goes wrong.
Billy Markus is the co-founder of Dogecoin
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Dogecoin Contact Information
Just in case you have any need to contact Dogecoin, you can do that using their social media handles below.
Dogecoin Review | Is Dogecoin Legit or Safe?
At the time of writing this article, we can say that Dogecoin is legit and Safe.
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