There is an old saying that every dog has its day and recently the luckiest dog in the crypto world has been Dogecoin.
However, it is not the only crypto coin that has seen a boom.
There are many crypto coins, which have made investors rich.
Everyone from Elon Musk to Mark Cuban showed enthusiasm for the Dogecoin cryptocurrency.
This gave it a return of over 7,000% in the first half of 2021.
In these 6 months, there were also cryptos like Avalanche, which made investors rich.
If you are wondering how to buy cryptocurrency, then this news will come in handy for you.
How much do you want to invest in crypto
Viral stories have surfaced of many people who invested a modest amount in cheap crypto but are now millionaires.
But it is important that you invest with caution now.
Cryptocurrency is a very risky investment.
Cryptos like Dogecoin are volatile as they have an unlimited supply.
When deciding how much to invest, consider your overall financial position, investment portfolio and risk appetite.
Choose a Cryptocurrency Exchange
To buy crypto, you need to open an account on a cryptocurrency exchange, where buyers and sellers meet to exchange cryptocurrencies.
Popular exchanges include Coinbase, Binance, and WazirX.
All of these have an easy-to-use and simple-to-use platform that is available alongside more advanced trader platforms.
But keep in mind that the cryptocurrency you want to buy must be on the exchange in which you have an account.
As Dogecoin has become very popular recently, it is not available on all crypto exchanges.
Select payment option
Before you can start trading in cryptocurrencies you need to deposit money into your exchange or brokerage account.
In most cases, exchanges will let you deposit money from a checking or savings account.
Some accept money from platforms like UPI.
Some exchanges allow you to buy cryptocurrencies using a credit card.
Once your money is in your account, you can buy crypto.
On the exchange’s trading or purchase platform, search for the crypto you want or enter its ticker symbol.
Then choose your trade type and either enter the dollar amount you want to invest or decide how many coins you want to buy.
Once you place an order, get it completed immediately.
Choose storage option
When you buy a coin, it is sent to the crypto wallet of your exchange or brokerage by default.
These are usually linked to the Internet, with some investors preferring to withdraw the crypto they have purchased from their exchange or brokerage and store it in another wallet.
If you want to sell your coins, the process is very simple.
You will go to your holdings on your crypto exchange or brokerage platform and enter the amount you wish to sell.
Your order will then be processed.