How To Buy DogeCoin In Nigeria

Published in

Coinmonks

4 min readJun 12, 2022

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is mostly considered a meme coin, it can also be seen as an altcoin. Launched in December 2013, Dogecoin has the image of Shiba Inu ( Japanese dog) as its logo.

Dogecoin was created as a joke by Jackson Palmer, an Adobe Inc, product manager in Sydney Australia. He created Dogecoin in a way to ridicule the hype surrounding cryptocurrencies then, he is known to be a “sceptis-analytic” observer of the emerging cryptocurrency technology, and his first tweet about his new crypto venture was done in jest. But after gaining positive feedback on social media, he bought the dogecoin.com domain.

Billy Markus, a software developer at IBM in Portland, Oregon, who was interested in creating a digital currency but had trouble gaining traction discovered the Dogecoin buzz and he reached out to Palmer to get permission to build the software behind an actual Dogecoin.

Marcus based the Dogecoin code on Litecoin and initially used a randomized reward for block mining but it was later changed to a static reward in 2014. Dogecoin uses Litecoin’s scrypt technology and is a Proof-of-Work (PoW) coin. While it might have started as a joke, Dogecoin’s blockchain has its merit, notable feature of Dogecoin’s scrypt algorithm is its low price and unlimited supply.

Dogecoin has its ups and downs doing and after the crypto bubble, we saw a 300% price increase within 2 weeks of its lunch a much larger increase has been recorded since then and the price has dropped also, just like all cryptocurrency does, Dogecoin is still relevant till date, as it is still a tradable crypto asset, you can buy Dogecoin on various exchange platforms and we will elaborate on some you can use.

Coinbase -

Considered the best cryptocurrency trading platform for beginners thanks to its intuitive interface, and amazing educational courses on crypto and coin offerings.

They have the easiest and most widespread cryptocurrencies that beginners will be interested in trading and investing in.

Coinbase will not only help you better learn how to buy Dogecoin in Nigeria, but it will also give you knowledge on different crypto assets as well. Their goal is to enrich your trading knowledge along with your crypto portfolio.

Binance P2P trading platform

As the largest crypto exchange platform, Binance is another great platform to buy Dogecoin in Nigeria. Although the platform is loaded with different features and crypto products, users can learn how to use their different products in the Binance app through various educational resources on site.

It is best to consider the Binance P2P when you want to buy Dogecoin, you have to verify your Binance account.

How to buy dogecoin on Binance P2P

Log in to your account on the main screen, and click on “P2P Transaction.”
Scan through the list of Dogecoin sellers and choose the one that matches your desired payment method and rate.
Place an order with the seller, and make payment within the 15 minutes time frame.
Send proof of payment to the seller, the seller will release the dogecoin to you once they receive the payment. All this is still within the 15 minutes time frame.

How to sell your Dogecoin

You can use the Binance P2P to sell your Dogecoin and you can also use a local cryptocurrency exchange platform like Dart Africa.

Dart Africa is an automated crypto exchange platform where you can sell your cryptocurrencies and receive cash to your bank account within minutes. This platform is suitable for both Amateur and Professional cryptocurrency traders. Dart Africa is known for two things, its high exchange rate and fast payment time. You can go to their website to access their service or through their mobile app. Download the Dart Africa mobile app on Google Play Store.

Cryptocurrencies traded on Dart Africa:

Bitcoin
Ethereum
Dodge Coin
Litecoin
USD Coin
USDT Tether, etc.

How to sell your Dogecoin on Dart Africa

Create and set up an account on Dart Africa or log in if you already have an account
Navigate to the trade interface and choose Dogecoin as your preferred cryptocurrency.
Send the Dogecoin to the wallet address provided by the system by manually inputting the address on your wallet or scanning the bar code provided.
After your Dart Africa account has been credited, send the funds to your local Nigerian account.

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How To Buy DogeCoin In Nigeria

How to buy dogecoin on Binance P2P

How to sell your Dogecoin

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Written by Cryptozone Africa