Dogecoin is a cryptocurrency that was created in 2013 by Billy Markus. Dogecoin is a meme coin that has grown in popularity after Elon Musk tweets, Wallstreetbet and Tiktok.
The Dogecoin logo is Shiba Inu dog which used to be a popular meme around the time Dogecoin was created.
New York residents are finding it difficult to buy Dogecoin because of the BitLicense law which was integrated in 2015, this method in this article is the only method to buy Dogecoin in NY.
How to Buy Dogecoin in NY quickly?
Follow these steps to buy Dogecoin in New York quickly:
- Purchase Bitcoin on Coinbase, make sure you have Bitcoin or Ethereum stored in your wallet
- Get a Dogecoin wallet (Atomic wallet, Trustwallet, Exodus)
- Visit Change now to buy Dogecoin (No registration, No KYC required)
- Search for Doge on change now
- Enter the amount of BTC you want to use and purchase Dogecoin
- Enter your Dogecoin address
- Purchase Dogecoin with BTC
What is Dogecoin – is it worth investing in?
Dogecoin is a meme cryptocurrency, it’s was created in 2013 from the Shiba Inu meme. Dogecoin has grown in popularity because of TikTok videos that said Dogecoin is going to $1.
Elon Musk and Wallstreetbet should also get some credit for the growth of Dogecoin, Elon Musk’s tweets about Dogecoin made the price of the coin always increase in value.
Is Dogecoin a pump and dump scheme?
Dogecoin has a lower fundamental and doesn’t have the technology that the current generation of cryptocurrency has, which includes: smart contract, staking, NFT, and more.
Dogecoin is mainly increasing in value because of the hype around it.
Follow these steps to buy Dogecoin in NY:
To buy Dogecoin in New York you would need to have Bitcoin stored in a wallet eg, Coinbase.com, Go to Coinbase.com, and purchase Bitcoin. Get a Dogecoin wallet: Trustwallet, Exodus wallet, Atomic Wallet. Visit Change now and buy Dogecoin.
Step 1 – Buy Bitcoin on Coinbase
To buy Dogecoin in NY you would have to own Bitcoin stored in a wallet. Visit Coinbase.com and purchase Bitcoin.
Step 2 – Get a Dogecoin wallet
To receive your Dogecoin from Changenow.io, you would need a Dogecoin wallet address and a wallet. Here is the list of supported Dogecoin wallet.
- Exodus wallet
- Atomic wallet
- Trust wallet
Step 3 – visit Change now and buy Dogecoin
Visit the official Change now website to purchase Dogecoin, you would be able to purchase Dogecoin in any country using Change now.
Step 4 – Search for Dogecoin on Changenow.io
Click the default ETH button, you would be able to search for any coin, there over 200 coins to choose from, find your Dogecoin, and click it.
Step 5 – Enter the amount of BTC you want to use and purchase Dogecoin
It’s easy to type in the available BTC you have available, make sure to think about the BTC fees, so enter a lower amount from your BTC amount, click “exchange” next.
Step 6 – Enter your Dogecoin address
To get a Dogecoin address, you would need to own a Dogecoin wallet. Exodus, Trustwallet wallets, and more are examples of a Dogecoin wallet.
Step 7 – Make your Payments in Bitcoin
Send BTC to the specific amount to the specific addresses displayed on the screen, after your payment is sent you would receive your Dogecoin.
Conclusion – Is Dogecoin a good investment?
Dogecoin doesn’t have the greatest technology when compared to most other cryptocurrencies, it has the biggest community in the cryptocurrency space.
If you believe in the Dogecoin project don’t forget to invest what you can afford to lose.