If you’re living in a country where you can’t use services like Coinbase, or simply you have some PayPal money or an Amazon Gift Card that you’d like to spend buying dogecoin, you can do that actually at PAXFUL (referral link included) however be prepared to pay some significantly higher fees than usually for purchasing cryptocurrency there.
In this tutorial you will learn:
1. How to buy bitcoin with Paypal, Skrill, Amazon Gift Card, Payoneer or similar
2. How to convert bitcoin to dogecoin on some of the most popular cryptocurrency exchangesDISCLAIMER: In this article you might find some referral links that we use to get a small commission for referring you to the mentioned services.
So, here’s how to do it:
1. Buying bitcoin on PAXFUL
On Paxful.com you can buy bitcoin with PayPal, Skrill, Amazon Gift card and many other payments method that you can check by visiting their website.
However, the fees and the actual rates for the coins are usually significantly higher than the actual ones. For example, if you buy $15 worth of bitcoin, you will most likely get something like $8 worth of bitcoin after the fees are deducted from you purchase balance.
Anyways, for some of you guys out there, this is still only option to buy cryptocurrency so, here’s how to do it:
In order to buy bitcoin on Paxful, you simply need to register an account and find the best rates for your preferred payment method.
Once you start the purchase, your seller and you will be added to an escrow area of the website where there is a warranty that no one of the both sides would be tricked.
Once you have paid to the seller’s address and seller confirms your payment, you will get your coins released from the escrow into your PAXFUL wallet instantly.
Beware that in some cases, seller might require a photo of your ID or similar. If you don’t want to share your ID you can search for the offers that don’t require it, usually with higher rates. Make sure to read the offer description before claiming to purchase.
Once you have successfully bought your bitcoin on Paxful, you would then need to transfer them either to your own wallet or directly to an exchange if you want to avoid paying transaction fees twice.
NOTE: If you, by a chance, need to cancel the order after chatting with the seller, you can do so anytime before you send the actual payment.
2. Transferring bitcoin to an exchange and buying dogecoin
In order to buy dogecoin, you need to register an account on one of the exchanges that allow you to trade bitcoin to dogecoin.
Currently most of the existing exchanges already do support BTC / DOGE pair however you would most likely want to look for the ones that are most popular and simple to register and use.
For a long time, Poloniex was an exchange where you could register a basic account without providing any documents to get verified. Unfortunately, it seems like they have changed their terms of use lately and now they require some identification straight away after you create the account.
A good alternative to Poloniex is HITBTC exchange (referral link included) where you can get a basic account with you name and email address and not bother with the verification stuff at all.
Good news is also that there is no any minimum amount to be withdrawn when it comes to withdrawing dogecoins from HITBTC.
Once you deposit the bitcoin that you previously have bought on PAXFUL, make sure you transfer them from your Main Account balance to your Trading Account balance.
Then go to the “Exchange” link you can find within the top menu and find the BTC / DOGE market where you will be able to purchase dogecoin at the latest price.
Finally, to withdraw your dogecoin, transfer them from your Trading Account to your main account and withdraw them to your own wallet.
NOTE: Always make sure to check twice that you’re sending the coins to the right address.
That’s all, enjoy your coins!
Want to earn 50–100 dogecoin a day from faucets without investing money? Click here to browse a tutorial on how to do that.
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Dogecoin: 9wijjwpjXfjcbQKgMxwoABFBzzBUjk3MHj
Litecoin: 3LBtAu6h2oMca8RWJXLWTzoeCpkUKXFbJH
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