While DOGE has been around since 2013, the token really exploded in 2017, experiencing a notable surge in price and gaining much attention well beyond its initial followers base. Today, it’s one of the most popular cryptocurrencies in the world, and many investors want to purchase it. Among the best places to buy Dogecoin is ByBit, a user-friendly and reliable crypto exchange. In this article, we are going to provide you with a step-by-step explanation on how to buy DOGE there.
Why ByBit
ByBit is one of the most widely used crypto exchanges in the world, and it allows you to trade more than 200 different cryptocurrencies including Dogecoin. ByBit features many different trading pairs, and that means you can directly exchange DOGE for more than a hundred cryptocurrencies. ByBit’s fees are considered relatively low by the majority of traders, and you can also use the platform to buy and sell derivatives, ETFs, and numerous NFTs.
How to buy DOGE
Alright, let’s get to our guide on how to buy DOGE on ByBit. First of all, you have to open an account on the exchange. Go to the website and click the Sign Up button at the top. You can use either email or a phone number for your account. Then, you need to verify the account: wait for a message from ByBit to arrive and confirm your registration. Once you’re done, you’ll be automatically redirected to the main dashboard where all the information about your account is available at a glance.
Click the Buy Crypto button at the top to open a page with all the buying options. By default, you are buying crypto through the One-Click Buy option, but you can change it. Choose the fiat currency you want to spend and specify the amount: if you’re using a credit card, there’s an upper limit of $10.000 on one transaction. Then, choose USDT in the second field, and the exchange will quickly calculate the amount you’re going to receive.
Now, choose a certain payment method and click the big button. You will get redirected to a page for ID verification. Once you’ve verified your identity, the exchange will process your transaction. Alright, now you have stablecoins on your account. You can easily use them to buy DOGE through the Spot or Derivatives options. The interface is very similar to what we’ve seen just now, all you have to do is specify how many USDT you want to spend, and the system will calculate the amount of DOGE.
