Binance is one of the most popular crypto exchanges in the world with $1.3 billion in volume over the past 24 hours. It was also the first exchange to list dogecoin, which is now the third most valuable cryptocurrency after bitcoin and Ethereum.
If you’ve been following cryptocurrency news or trading for the past 6 months or so, you’ve probably heard of dogecoin. It’s a digital currency that was initially inspired by a viral webcomic of the same name. The currency was originally called “doge” and subbed in “coin” to distance it from its namesake.
Today, “doge” is still a popular internet meme and “dogecoin” retains its connection to the popular cryptocurrency. It’s also a very easy-to-use digital currency with a low fee structure and a lot of potential for growth.
If you’re looking to get started trading dogecoin, you’ve come to the right place. In this article, we’ll walk you through everything you need to know about trading dogecoin on Binance.
What is Binance?
Binance is an exchange based in China that supports trading of cryptocurrencies and altcoins. It’s one of the most popular exchanges in the world due to its low trading fees, wide range of trading options, and strong security.
Binance was launched in 2017, becoming the first cryptocurrency exchange with over $1 billion in volume. It’s now the third largest exchange in the world by volume.
The exchange only allows users to trade cryptocurrencies and altcoins. If you want to trade stocks, forex, or other financial products, check out Bittrex.
How to Trade Dogecoin on Binance
First, you’ll need to sign up for an account on Binance.
Next, you’ll need to fund your account. You can do this through a wire transfer or with a cryptocurrency such as Bitcoin or Ethereum.
Setting Up Your Account
After you have funded your account, you’ll need to verify your identity. This can be done by providing your name and address as well as scanning a picture of your passport or driver’s license.
Deposit funds into your Binance Account
Once you have verified your identity, you can fund your account by transferring funds from another account. For example, if you have Bitcoin or Ethereum, you can send them to the address provided in your account.
Create an account on Binance
After you have funded your account, you can proceed to create an account on Binance. When you create an account, you’ll be able to login and start trading dogecoin.
Final Words: Why trade Dogecoin on Binance?
Binance is one of the most popular and user-friendly exchanges in the world. It was also the first cryptocurrency exchange with over $1 billion in volume.
Because of these factors, many people have been drawn to Binance to trade dogecoin. If you’re interested in learning more about this altcoin, Binance is a great place to start.
Binance is a cryptocurrency exchange based in China that allows users to trade a variety of cryptocurrencies and altcoins. It was also the first cryptocurrency exchange with over $1 billion in volume.
If you’re interested in trading dogecoin, it’s a great idea to get your account set up on Binance. From there, you can fund your account and begin trading.
Do you trade cryptocurrencies? If so, what’s your go-to exchange? Let us know in the comments below.
Do you trade Dogecoin? What’s your experience? Share your thoughts in the comments below.
This article was created by @crypt0nerd and @thedanielperry. If you have questions, feel free to contact us.