Dogecoin is one of the almost well-known cryptocurrencies in the globe. Though this coin originated as a joke inspired by an net meme, it has since gained pregnant prominence in the marketplace and is now something of a hot commodity.




And then, how can you buy Dogecoin on Coinbase, a widely popular crypto exchange?



Getting Started on Coinbase

Flickr<\/a>"”>


coinbase website behind magnifying glass

Prototype Credit: marcoverch/Flickr


To buy Dogecoin on Coinbase, you need an business relationship. To practise this, you lot’ll need to verify your identity, email, and phone number, as is the example on many exchanges. Y’all’ll also demand to add together a payment method to your account so that y’all can purchase assets.

Head to Coinbase and set an business relationship on the exchange.


Coinbase too has two versions of its exchanges to accommodate differing levels of feel: Coinbase and Coinbase Pro. Depending on your knowledge of cryptocurrency and the market in general, either of these versions could be well suited to you lot.


In one case you’ve got everything set up on your Coinbase account, you’ll exist able to buy Dogecoin. So, how does this work?




Coinbase’due south Transaction Fees


coinbase logo in front of blue graph


To acquit any sale or buy on Coinbase, you lot’ll have to pay a fee. Different exchanges have different fee structures, with Coinbase charging a spread fee of 1% on crypto transactions and 0.five% on fiat transactions.


Coinbase Pro, on the other hand, uses a maker-taker fee structure. When you lot take liquidity from an commutation, yous are a taker, and when you provide an commutation with liquidity, y’all are a maker. Considering exchanges value liquidity, maker fees are sometimes lower than taker fees, just this is not always the example. On Coinbase Pro, both makers and takers are charged a 0.5% fee on transactions for fiat and crypto trades.

Coinbase does non charge eolith or withdrawal fees on either version.


Now, let’due south get into how to purchase Dogecoin on Coinbase.




Ownership Dogecoin on Coinbase

The process of ownership Dogecoin using Coinbase’southward basic layout is very elementary. Firstly, yous’ll demand to click on the
Buy & Sell
icon at the top of the screen.



coinbase main exchange page screenshot


Afterwards clicking on this window, a small window will appear, which you tin utilise to purchase assets. The default purchase option will appear to be Bitcoin, only you tin alter this easily past clicking on it and choosing from the listing of avails provided.



coinbase asset purchase window screenshot


Scroll down this listing or utilise the search bar to access the Dogecoin option. Afterwards this, you’ll demand to select how many Dogecoins y’all want to buy. Coinbase will provide y’all with some bones options, merely you can enter your preferred amount into the box provided. And then, you’ll be asked to review and confirm your Dogecoin buy, as shown below.



coinbase purchase confirmation window screenshot


After confirming your purchase, you’ve now got your Dogecoin funds.


But what if you wanted to buy Dogecoin via Coinbase Pro?



Buying Dogecoin on Coinbase Pro

Coinbase Pro is a lilliputian trickier to navigate than Coinbase, only you can still purchase Dogecoin using this interface. Every bit y’all can see beneath, the Coinbase Pro homepage can seem intimidating, with a wide range of statistics on display at once. But your focus should be on the left-manus side of the page when purchasing Dogecoin.



coinbase pro dogecoin purchase order screenshot


Here, you’ll demand to click on the
Select Market
pick at the top left of the screen. Then, type
DOGE
into the text bar, and you lot’ll be provided with a number of trading pairs, every bit shown above. Side by side, select the trading pair you wish you use. For example, if you wish to buy Dogecoin using GBP, select the
DOGE-GBP
pick.



coinbase pro dogecoin purchase order screenshot


You’ll now be provided with a purchase window where yous tin input exactly how much Dogecoin you’d similar to buy.


Once you’ve washed this, you tin click the
Place Buy Social club
button at the lesser of the screen to ostend your purchase.




Why Can’t I Buy Dogecoin on Coinbase?

At that place are certain situations in which you tin can’t buy Dogecoin on Coinbase. Particularly, if Coinbase is not available in your geographical location, and then you likely won’t be able to use information technology for any function, including the purchase of avails.

As previously mentioned, it’s also of import that you lot add together the relevant information to your business relationship. For example, if you haven’t added payment information or confirmed your identity, your options will be limited. And so, ensure your account is fully ready and verified earlier conducting whatever transactions.




Buying Dogecoin on Coinbase Tin can Be Done in Seconds

Whether using Coinbase or Coinbase Pro, buying Dogecoin is quick and like shooting fish in a barrel. Simply follow the steps above to purchase your own property of Dogecoin and move forward in your crypto trading journey.