I will show you how to buy Dogecoin on Binance in 8 minutes! This is a simple and cheap way to buy Dogecoin! I will also be giving out some Dogecoin to someone in this video.
First, you have to register a binance account. Feel free to use my referral link to get 10% off your trading fees or click on the link below .
Start Trading on Binance: https://jasonfoong.com/dogecoin
Start eToro Copy Trading: https://jasonfoong.com/etorocopytrading
I’ll be showing two different methods. The first method ( buying directly debit/ credit card) . The second method will be to buy via peer-to-peer ( P2P ) trading.
1:15 Buying via Credit / Debit Card
1:57 Buying via P2P Trading
3:26 P2P Ordering Process
4:56 Transfer from P2P Wallet to Spot/ Fiat Wallet
6:04 Converting USDt to Dogecoin
Buying directly via debit/ credit card from Binance:
I have heard from others that buying directly from Binance with debit and credit card will have a fee around 3-4% . Therefore, I have never used it but I will be showing you how to do it in case Method 2 does not work for you.
On the top bar, you can see “Buy Crypto” .Click on it, press on debit/ credit card. Enter the amount that you want to buy with your preferred currency. Then you select dogecoin then you pay.
Binance P2P ( Preferred method ) : I have always use P2P trading on binance. It is a very simple method that has no fees.
Head over to the binance website. Click on Buy Crypto on the top bar then you click on P2P Trading on the list that drops down.
Now on this page, there are few things you have to do
Make sure you are on P2P and BUY.
Change the currency to your local currency. This way you can find your local sellers.
If you are planning to buy a smaller amount, you can key your desired amount to find sellers who are willing to sell in smaller quantities.
We will be buying USDT to convert to Dogecoin later. USDt is a stablecoin which follows the value of USD therefore it is stable to hold.
After choosing our seller, we can proceed with the payment. Once the payment is done, the coins will be moved to our P2P wallet. In Binance there are a lot of wallets but we will only use P2P and Fiat/Spot wallet in this video. We will first transfer our USDt that we have just obtained to the Fiat/Spot wallet, which is the wallet which will allow our coins to be converted to Dogecoin. After the coins are in fiat/spot wallet, we can use the Classic Trade feature to convert it to Dogecoin. The interface may seem daunting but it is actually quite simple to use which I show in the video.
The actual process of buying Dogecoin via P2P is quite simple but it is longer in this video because i took time to explain how it works. I hope you learned how to buy Dogecoin on Binance from this video. Stay happy, I’ll see you in my next video.
Disclaimer : Cryptocurrency is a risky asset. This is not financial advice. Seek a professional for advice. This YouTube channel will occasionally contain affiliate links, which means I receive a small commission on a purchase without additional cost to you, if you buy something through my links. Past performance is not an indication of future results.
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