If you’re in the crypto space you have definitely heard of the altcoin currently soaring called Dogecoin. The cryptocurrency created as a spoof is turning out to be increasingly valuable and more and more people are looking to invest in the coin that is worth about Ksh 30 today April 16, 2021, up from Ksh 0.21 a year ago on April 16, 2020.
What is DogeCoin
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.
How to buy DogeCoin in Kenya
- First, you will need a wallet with an exchange that has listed Doge, open one with Binance here if you don’t already have one.
- You will need to join their peer-to-peer (p2p) trading platform and buy some BUSD, USDT, or Bitcoin, you can also send Bitcoin you already own to your Binance spot wallet.
Head over to trades, select spot, and select the currency you have a balance, for example, if you bought Bitcoin, select the DOGE/BTC pair.
Click on buy then select the amount of DogeCoins you want to buy.
- That’s it you have bought some DogeCoin using Bitcoin.