How and Where to Buy 3X Long Dogecoin Token (DOGEBULL) – An Easy Step by Step Guide
DOGEBULL is a cryptocurrency token that claims to provide 3 times the daily return of the well-known meme coin, DOGECOIN. With the inherent volatility and risk of meme coins, it’s important to purchase your DOGEBULL tokens safely online. We’ve created an easy step by step guide to purchasing DOGEBULL tokens.
What is DOGEBULL?
3X Long Dogecoin Token or DOGEBULL is a cryptocurrency designed to have 3 times the daily return of the famous DOGECOIN, the world’s first meme coin. It’s an ERC-20 token which means it’s built to the Ethereum standard.
It’s known as a leveraged token. Leveraged tokens allow for trading up to 3x the value of the assets being traded. This means if DOGECOIN goes up 1%, DOGEBULL goes up 3%. However, the same thing happens if DOGECOIN goes down 1% – DOGEBULL will drop 3%.
To buy crypto tokens you’ll need to head over to a crypto exchange – a platform that allows you to trade crypto tokens. You can buy Bitcoin or Ethereum using fiat money on popular exchanges like Coinbase or Gemini. However, buying an altcoin like DOGEBULL is a little more complicated.
To buy DOGEBULL you’ll have to use a crypto-only exchange. This is a trading platform that doesn’t accept traditional money and only lets you trade crypto tokens with other crypto tokens. You’ll need to buy a token like Bitcoin (BTC) or Ethereum (ETH) using a credit or debit card on an fiat-to-crypto exchange. Then you can head to an altcoin exchange and trade your tokens for DOGEBULL.
While this may all sound confusing, fear not! We’ve got you covered with our easy guide that will show you how to buy DOGEBULL tokens safely online using CryptoWallet.com.
Step 1: Register on Fiat-to-Crypto Exchange
Firstly you’ll need to register on a Fiat-to-Crypto exchange like CryptoWallet.com. With CryptoWallet.com you can use our desktop site or mobile app to purchase the five largest cryptocurrencies by market capitalization (BTC, ETH, XRP, LTC, USDT). You can buy tokens using your credit or debit card or by trading them with other supported tokens.
To register on CryptoWallet.com:
- Click New Account at the top of the CryptoWallet.com webpage to register for your account. You’ll need to provide verification of your identity for this.
- Once registered you can set up your cryptocurrency wallet. You’ll get a secure seed phrase to help you recover access to your funds if you ever need it. Make sure to write this seed phrase down on paper rather than storing it on an electronic device to keep it safe!
- When the verification process is complete you’ll be all set to buy BTC tokens right away!
Step 2: Buy BTC with Fiat Money
You’re now ready to purchase BTC tokens on our mobile app or website!
The next step is to add funds to your new wallet with fiat currency. On CryptoWallet.com, you can conveniently add funds into your wallet using a credit or debit card.
You can swap your fiat cash for BTC tokens as soon as your funds are cleared and in your wallet. Head over to our cryptocurrency exchange and select the quantity of BTC tokens you intend to buy, as well as the price you’re willing to pay.
Your BTC tokens will be added to your wallet once you click select! Your transaction may take a few minutes to settle on the blockchain and display in your wallet.
Step 3: Transfer BTC to an Altcoin Exchange
Now that you have BTC tokens, you can exchange them for DOGEBULL coins. You’ll need to go to an altcoin exchange that supports BTC and DOGEBULL, such as Bittrex. Different altcoin exchanges will have varying prices for trading pairs of tokens, so doing thorough research to get the best price for a BTC-DOGEBULL exchange is often necessary.
You’ll need to create a wallet on your chosen crypto-only exchange or use one that accepts BTC and DOGEBULL tokens. Trust Wallet is a popular Android wallet that supports both BTC and DOGEBULL and is available on Google Play.
Once you’ve created your new wallet, you’ll be able to move your BTC tokens to it and exchange them for DOGEBULL tokens on the platform.
Last Step: Store DOGEBULL Securely
The most important step is to store your crypto tokens securely. It’s vital that you use a stable and secure wallet that prevents others from accessing it. Because many cryptocurrencies are not supported by many well-known wallets, some hackers have created phony wallets in order to defraud users of their funds.
We’ve examined some of the most secure wallets for keeping your crypto tokens to help you find the ideal one for you.
A cryptocurrency wallet is used to store your tokens and consists of two keys that you’ll need to access and use them. To send money, a private key (similar to a password) is used, and to receive money, a public key (similar to an email address) is used. There are two types of wallets: hardware (“cold”) and software (“hot”).
Cold Wallet vs. Hard Wallet
A cold wallet stores your keys offline in a physical device, making it the most secure solution available. Ledger is a well-known and trustworthy hardware wallet firm that produces a range of hardware wallets for storing DOGEBULL tokens.
Although cold wallets are the most secure choice, they can be awkward to use since they need you to link them to an internet device in order to access and spend your assets.
Hot wallets are significantly easier to use since they save all of your information online and allow you to access your cash at any time. However, because they are constantly online, they are more vulnerable to hacking and criminal behavior.
Many users have chosen to keep the majority of their crypto tokens in an assured wallet and use a secondary wallet to purchase and trade altcoins like DOGEBULL for the sake of simplicity and security.
CryptoWallet.com allows you to trade tokens on the move using our mobile app, and our crypto card can be used in retailers all around the world. As a result, CryptoWallet.com is an excellent wallet for holding tokens securely until you’re interested in trading altcoins.
Other useful tools for trading DOGEBULL
Many crypto traders use a VPN service to increase their privacy when trading. There are a lot of VPNs out there, so doing your homework is crucial. When it comes to online crypto trading, a VPN can be beneficial.
Frequently Asked Questions
Can I buy DOGEBULL with cash?
At this time, there is no way of buying DOGEBULL tokens with cash. Many websites may promise to enable you to buy DOGEBULL using a credit/debit card or even a bank transfer, but these are often frauds attempting to steal your credit card information or cash. It’s critical to exercise caution while purchasing crypto tokens with cash over the internet.
DOGEBULL tokens can only be traded on cryptocurrency-only exchanges.
Are there any quick ways to buy DOGEBULL in Europe?
In Europe, the quickest and safest way to purchase DOGEBULL is to buy BTC tokens using fiat money and then swap BTC tokens for DOGEBULL. Our CryptoWallet.com mobile app allows you to easily purchase BTC tokens. These may then be exchanged for DOGEBULL tokens on an altcoin exchange.
Are there any alternative platforms to buy DOGEBULL or Bitcoin with credit cards?
While many services claim to enable credit card purchases of DOGEBULL or Bitcoin, we always urge you to do your own research (DYOR) before purchasing tokens on any website. Many platforms are untrustworthy or are frauds designed to obtain your credit card information or funds.
It’s best to purchase BTC tokens from a reputable exchange like CryptoWallet.com, where your funds are secure.