Dogecoin is a cryptocurrency established by software developers Billy Markus and Jackson Palmer as a joke in response to the rampant speculation in cryptocurrencies at the time. Despite its satirical nature, people still see it as a financial opportunity. So if you are in the UAE and you have been looking for a way to buy dogecoin then this article will show you how you can buy dogecoin in the UAE. Keep on reading to find out.
How to buy Dogecoin (DOGE) in the United Arab Emirates
1. Create & secure an account
Binance is one of the world's major cryptocurrency exchanges. The fact that buying Dogecoin on Binance is extremely clear is a huge assistance. Just as when trading traditional fiat money, you must pay a tiny fee on each deal, and Binance offers competitive prices. Once you've purchased Dogecoin, you may retain your coins online or transmit them to an offline wallet if one is available for your cryptocurrency.
How to create a safe and secure account is detailed in very easy steps below.
Strong password Enter your email and strong password, check the box that says I agree to the Binance Terms of Service, and then click register.
Check your email address
After you finish this step, you will receive a verification email.
Check your inbox and double-check your email address.
2. Protect your account
Your Binance account has been created! Now, proceed to the next steps to ensure that your account is 2FA protected. This is strongly advised.
What exactly is 2FA?
Every time you log in with a new session, 2FA will produce a security code. This will assist to prevent unauthorized access to your account. SMS and authenticator applications such as Google Authenticator are the most often used 2FA authentication methods. You now have an account! Your account is now available for usage for purchasing Dogecoin (DOGE)
What amount of Dogecoin (DOGE) should I purchase?
The benefit of cryptocurrencies is that you may divide them and acquire only a (small) portion of them. This way, you retain ownership of your Dogecoin and may use or store it as you see fit.
To gain confidence, start with a small amount of UAE Dirham to learn about the process of buying Dogecoin. Once you understand the process, you can easily scale up your transactions and buy more Dogecoin.
3. Dogecoin Payment Methods
Binance accepts over 100 different payment methods for depositing funds and purchasing Dogecoin. Simply choose your currency (in your instance, presumably UAE Dirham) and the payment method you wish to use. Of course, they also accept the most common payment methods, such as credit cards, bank transfers, and PayPal.
Please keep in mind that each country has its own set of payment choices; simply log in and look for the payment methods for the United Arab Emirates.
4. Exchange or purchase your first Dogecoin from the UAE
You can't buy every coin in the crypto realm or on exchanges like Binance with FIAT cash. As a result of this, stable currencies such as Tether USDT were established.
These stable coins are cryptocurrencies that you may acquire and then exchange for the money you wish to buy. The name stable-coin is derived from the USD since the price of these coins is based only on the price of the USD. Before purchasing your favorite cryptocurrency, it is a good idea to research which currencies are linked with the coin you wish to purchase.
I hope you enjoyed reading this and also understand how you can buy dogecoin in the UAE. If you need help with Digital Marketing UAE, Mobile App Development, Web development Dubai and Web creation in Dubai then The Watchtower Dubai is the company for you.