Gemini, as we all know, is a renowned crypto exchange platform that lets you trade with major cryptocurrencies that are available in the marketplace. When Gemini came into existence, it let you trade only with some major coins such as Bitcoin and Ether. However, with the passage of time, Gemini login has welcomed different digital coins on its platform. One such crypto that is gaining a lot of hype in recent times is Dogecoin.
When Dogecoin came into the marketplace, nobody believed that it would be actually viewed as a fiat currency and its value would also hike. Unlike users' expectations, the crypto that was just a meme material for the people is now gaining a lot of buyers since Elon Musk made some major announcements regarding the future of DOGE.
So, if you are also interested in investing in Dogecoin, then you will have to have an account on one of the crypto exchanges and when you have Gemini by your side, you do not need to look any further.
Here is how you can buy Dogecoin on Gemini
Now that the market cap of Dogecoin is more than $25 billion, several investors are inclined towards buying it but do not know how to do so. Such users can refer to the steps that I have listed below:
Step 1- Select an exchange e.g. Gemini
After selecting your preferred exchange platform i.e. Gemini, you need to set up an account on this platform. Once you have your Gemini login credentials with you, go to the next step.
Step 2- Add a payment method
Upon the successful creation of your Gemini account, you need to link a payment method to it so that you can complete the purchase without any hassle and transfer the purchased crypto to a preferred wallet such as electrum wallet.
Step 3- Choose a crypto storage wallet
After opening an account on the preferred crypto exchange, you will have to select a wallet for storing the crypto that you will purchase in the future. E.g. you can choose Coinbase wallet, Trezor wallet, electrum wallet, etc.
Step 4- Place an order
Now, go to the official portal of Gemini and log in with your Gemini login credentials and go to the buying tab from where you need to select the preferred crypto which here is DOGE.
Step 5- Evaluate the price and fee
Now, select the amount for which you wish to purchase DOGE and place the order.
After you have purchased your preferred crypto, you can start trading with it. After buying DOGE, you need to transfer it to your electrum wallet so that trading with it becomes more convenient. From the wallet, you can withdraw the coins, sell them, or transfer them. Just make sure that you do not lose the private key of your wallet because losing it would cost you a lot and it would be very difficult to recover your wallet or the Gemini login account.