Such glad, many excite!
You can expect this process to take up to Four – 7 days your very first time through. For this guide, wij will be purchasing Bitcoin (BTC) through a Bitcoin exhcange and then convert it to Dogecoin through a militar trade exchange.
Ter order to convert Bitcoin to Dogecoin, you will need a:
I documented every step along the way, so love this guide fellow shibes!
1. Sign up with a bitcoin exchange
To buy bitcoin, you will need to setup an account with a bitcoin exchange. I suggest and have the most practice with coinbase (disclaimer: this is our referral verbinding), albeit any exchange from this list would work. With coinbase you are required to verify your phone number and handelsbank account. If your handelsbank account does not permit for instant verification, coinbase will make two petite deposits into your bankgebouw account for verification (similar to PayPal). This will take a few business days to voorstelling, many patience!
Verifying phone number with Coinbase:
Verifying back account with Coinbase:
Two. Sign up with a trade exchange
Ter order to convert your BTC to doge, you will also need an account with a trade exchange that supports potencial currency conversion. I suggest and have the most practice with Cryptsy, albeit any exchange from this list would work.
After creating your Cryptsy account, you will need to generate a send address to transfer your Bitcoin to your Cryptsy account. Visit “Balances” from the navigation menukaart, select the Bitcoin dropdown button and choose “Deposit”.
Then generate a fresh deposit address. You will use the generated address to transfer your purchased Bitcoin to your Cryptsy account ter step Four.
Trio. Purchase Bitcoin
With your exchange account created and your coinbase verification accomplish, you can now embark the journey of acquiring Dogecoin. Such blessed, many excite!
Wij very first need to purchase Bitcoin through Coinbase. Loom into your Coinbase account, then choose “Buy/Sell” from the left sidebar and inject the amount of Bitcoin you want to purchase. Coming in any amount of BTC will update your total, no need to maths!
After you’ve submitted the amount of BTC you want to purchase, you will be asked to verify the transaction.
Note: There is a 1% transaction toverfee on all Bitcoin purchases.
Merienda you have confirmed the transaction, you play the waiting spel (typically 3-4 business days) until your BTC arrives. I suggest packing for your excursion to the moon ter the meantime!
Four. Transfer your Bitcoin
When your BTC has arrived te your Coinbase account, it’s time to send it to your send address generated with Cryptsy from Step Two. Choose “Send/Request” from the left sidebar and select “Send Money”.
Then input your send address and how much BTC you want to deposit.
Note: The send address should be the Cryptsy wallet address you generated te step Two.
Five. Convert your Bitcoin to Doge
After the Bitcoin has bot deposited into your Cryptsy account, it’s time to convert it to Doge! You’ll need to visit the DODGE/BTC trade market pagina, which can be found here. On this pagina, you will see the option to buy DOGE with BTC.
Inject the amount of doge you want to purchase and then submit your buy order.
Note: You may get a price voorzichtig notifying you that you are buying higher than the current selling price. If you receive this message, pantalla and modify the “Price vanaf DOGE” to match the current top selling price, then resubmit your buy order.
You will receive an order confirmation screen after submitting your buy order. Confirm for much coin!
6. Receive your converted Dogecoin
With your BTC officially converted to Dogecoin it’s time to metselspecie out, many applause!
Revisit “Comprobación” from the navigation menukaart, select the “DOGE deeds” button for Dogecoin and choose “Withdraw”.
Choose the send address for your Dogecoin wallet, come in the amount of Doge you want to send and process the withdrawal.
7. To the moon!
You should now see you hard earned monies ter your Dogecoin wallet, many congrats shibe!