- author: TTN
How to Purchase Dogecoin on Binance US
Are you a fan of cryptocurrency and looking to invest in Dogecoin? In this step-by-step guide, we will walk you through the process of purchasing Dogecoin on Binance US.
Before getting started, it is essential to note that this tutorial does not serve as financial advice, but rather a guide on how to buy cryptocurrency on Binance US. Do your own research and invest at your own risk.
Step 1: Account Verification
Once you've signed up for a Binance US account, you'll need to complete the verification process, which typically takes a few days. Once you are verified, you will have full access to Binance US.
Step 2: Add a Payment Method
To add money to your Binance account, you need to add a payment method. Click on the person icon in the bottom right corner of the screen and select "Add Payment Method." Binance US offers several payment options, such as ACH, Wires, or Debit Cards.
Step 3: Deposit Funds
After adding a payment method, navigate to your portfolio balance and select "Deposit," choose the amount you want to deposit, and click "Preview Deposit." Keep in mind that the minimum deposit amount on Binance US is $10.
Pro Tip: To prevent the risk of chargebacks, note that your ACH deposit cannot be withdrawn for ten days in USD or crypto.
Step 4: Purchase Dogecoin
Once your funds have been deposited into your Binance account, navigate to the "Statistics Bar" and search for Dogecoin by using the magnifying glass icon located in the top right corner. Click on the Dogecoin USD or USDT pairing and select "Buy."
You have the option to purchase Dogecoin using a Limit or Market Order. If you choose a Limit Order, set the price at which you want to buy the currency. On the other hand, with a Market Order, you purchase the cryptocurrency immediately at the current market price.
Step 5: Monitor Your Portfolio
Once you've purchased Dogecoin, keep an eye on your portfolio balance for fluctuations in the value of the currency. You can also view the amount of Dogecoin you own, making it easy to track your investment performance.
Purchasing Dogecoin on Binance US is a relatively straightforward process. By following these simple steps, you can quickly invest in Dogecoin and monitor your investment over time. Always do your own research and invest wisely. Happy investing!