As of now, you cannot buy Dogecoin on Coinbase. However, there are a few ways that you can get your hands on some Dogecoin.
You can either mine it, trade for it, or receive it as a tip.
Mining Dogecoin is how new coins are created. Miners are rewarded with Dogecoin for verifying and committing transactions to the blockchain.
mining is intended for users who have high-powered computers and want to help maintain the Dogecoin network. If you want to get started mining Dogecoin, you can check out this handy guide.
NOTE: WARNING: Coinbase does not currently support the purchase of Dogecoin (DOGE), and it is unclear if they will ever do so. It is possible to purchase other cryptocurrencies with Coinbase, such as Bitcoin, Ethereum and Litecoin, but these cannot be exchanged for Dogecoin. Therefore, it is not possible to buy Dogecoin directly through Coinbase.
If you don’t want to go through the hassle of mining Dogecoin, you can always trade for it. On most exchanges, Bitcoin (BTC) and Ethereum (ETH) can be traded for Dogecoin (DOGE). So, if you have BTC or ETH, you can trade it for DOGE.
The only problem with this method is that you’ll need to find someone who is willing to trade with you. Not all exchanges allow BTC/ETH to be traded for DOGE.
The last way to get your hands on some Dogecoin is by receiving it as a tip. This usually happens on social media platforms like Twitter and Reddit.
If someone sees that you’re providing helpful advice or entertainment, they may tip you in Dogecoin as a way of saying thanks. While tips may not always be forthcoming, it’s always nice to receive some free Dogecoin!.
So, there are a few ways that you can get your hands on Dogecoin if Coinbase doesn’t start offering it for sale anytime soon. You can either mine it, trade for it, or receive it as a tip. Whichever method you choose, make sure that you do your research first!.
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