Project Dogex claims to be the first Binance Smart Chain token that “cannot return to earth”. Project Dogex uses a range of features designed to help the value of the token increase consistently. To help you purchase DOGEX tokens safely online, we’ve put together an easy step by step guide!
What is Project Dogex (DOGEX)?
Project Dogex is a cryptocurrency platform built on the Binance Smart Chain (BSC) network that was launched in 2021. DOGEX is designed with a Buyback function that buys tokens whenever the price of the DOGEX token reaches a low for the day. Selling tokens under the daily low will also incur a 48% transaction fee to reduce major crashes in the market.
Project Dogex also has several in-built features to discourage dumping and whales. For an hour a day, it costs 0% tax to buy tokens and 48% tax to sell tokens. Any holders of the tokens will receive a portion of this selling tax. Every wallet is limited to only holding 1% of total tokens in circulation to prevent whales taking a large portion of the market and being able to manipulate the value.
Project Dogex is built on the Binance Smart Chain network. It’s a BEP-20 token which is a token built to the Binance Smart Chain standard (similar to ERC-20 tokens on Ethereum).
To buy cryptocurrency coins, you’ll need to visit a crypto exchange, which is a platform for buying and selling crypto tokens. You can buy Bitcoin or Ethereum using fiat money on popular exchanges like Coinbase or Gemini. Purchasing an altcoin, such as DOGEX, is a little more complicated.
To buy Project Dogex crypto tokens, you’ll have to use a crypto-only exchange. This is a cryptocurrency trading platform that only supports trading crypto tokens for other crypto tokens and does not accept traditional money. So you’ll need to buy a token like Bitcoin (BTC) or Ethereum (ETH) using a credit/debit card on a fiat-to-crypto exchange. Then you can exchange your tokens for DOGEX on a crypto-only altcoin exchange.
While this may seem confusing, don’t worry! We’ve got you covered with our easy guide on buying DOGEX tokens online securely using CryptoWallet.
Step 1: Register on Fiat-to-Crypto Exchange
To begin, you’ll need to sign up on a Fiat-to-Crypto exchange such as CryptoWallet. Tokens can be purchased with a credit or debit card, or traded for other supported tokens on CryptoWallet. Currently CryptoWallet supports the 5 largest cryptocurrencies by market capitalization – BTC, ETH, LTC, XRP, USDT.
Here’s how to register on CryptoWallet:
- Click New Account at the top right-hand corner of the CryptoWallet homepage. This will take you through the process of registering your account. You’ll need to verify your identity as part of registration.
- Once you’ve completed the registration process, you’ll be guided through setting up your cryptocurrency wallet. This includes a secure seed phrase that will let you regain access to your assets if needed. It’s always safest to write your seed phrase down on paper and store it in a safe location rather than on an electronic device.
- Once your registration is complete, you’re ready to start buying Bitcoin right away!
Step 2: Buy BTC with Fiat Money
You can now buy BTC tokens through our mobile app or website and store them in your new crypto wallet!
The next step is to add fiat money to your wallet. You can quickly add money to your CryptoWallet wallet with a credit or debit card.
As soon as your payment has cleared and the funds show in your wallet, you can trade them for BTC tokens. Select the amount of BTC tokens you want to purchase and the price you’re willing to pay on our cryptocurrency exchange.
Your BTC tokens will be transferred to your wallet as soon as you click select! Your transaction may take a few minutes to settle on the blockchain and show in your wallet.
Step 3: Transfer BTC to an Altcoin Exchange
You may swap your BTC tokens for DOGEX coins now that you have them. Currently PancakeSwap is one of the few exchanges that supports DOGEX. PancakeSwap is a decentralized exchange built on the Binance Smart Chain.
It only allows for the trading of BNB and BEP-20 tokens so you’ll have to convert your Bitcoin into a Binance version of Bitcoin, BTCB. Binance has a range of approved services for this on their website.
You’ll need a wallet that can hold BTC, BTCB and DOGEX tokens to trade them on PancakeSwap. MetaMask is an easy to use option that can be used on iOS and Android as well as an in-browser extensions.
You’ll be able to move your BTC tokens to your new wallet and migrate them to the Binance Smart Chain as BTCB. Then you can swap them for DOGEX tokens on the altcoin exchange.
Last Step: Store DOGEX Securely
The most important step is to store your tokens securely. It is crucial that you select a trustworthy and secure wallet that cannot be used by anyone else. Due to the fact that many popular wallets do not support many of the smaller cryptocurrencies, hackers have devised fake wallets to defraud users of their holdings.
We’ve looked at some of the most secure wallets for storing your crypto tokens to help you choose the perfect one for you!.
A cryptocurrency wallet is used to store your tokens and is made up of two keys that you will need to access and use your crypto tokens. A private key (similar to a password) is used to transfer money, while a public key (similar to an email address) is used to receive money. Wallets are divided into two types: hardware (“cold”) wallets and software (“hot”) wallets.
Hot Wallets vs. Cold Wallets
A cold wallet stores your keys on a physical device that is not connected to the internet, making it the most secure choice. Ledger is a well-known and reliable hardware wallet manufacturer that offers a wide range of hardware wallets for storing DOGEX tokens.
Although cold wallets are the most secure, they can be inconvenient since they need you to connect 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 money at any time. However, as they are always online, they are more vulnerable to being hacked.
Some trading platforms have addressed this issue by guaranteeing all funds kept in their wallets. BitGo, a well-known digital asset custodian, backs up any assets you keep in your CryptoWallet wallet, ensuring that your tokens are always safe.
Many users prefer to keep the majority of their crypto tokens in an assured hot wallet for security and convenience. They will use a secondary wallet to purchase and trade altcoins such as DOGEX.
CryptoWallet supports the five largest cryptocurrencies (by market cap) and is assured by BitGo which makes it an ideal solution. Our mobile app lets you trade tokens on the go and you can use our crypto card in stores all around the world. CryptoWallet is a perfect wallet for safely storing tokens until you’re ready to trade altcoins.
Other useful tools for trading DOGE
Some crypto traders choose to use a VPN service to protect their trading anonymity. As there are so many VPNs available, doing your research is essential. A VPN might be useful when it comes to digital currency trading.
Can I buy DOGEX with cash?
DOGEX tokens cannot yet be purchased with cash. Many websites claim to let you buy DOGEX with a credit/debit card or even a bank transfer, but these are mainly scams designed to steal your credit card information or money. Always take care when providing your personal information buying crypto currencies online.
DOGEX tokens can only be swapped on cryptocurrency-specific exchanges.
Are there any quick ways to buy Project Dogex in Europe?
The quickest and safest way to purchase DOGEX in Europe is to buy BTC tokens using fiat money and then trade BTC tokens for DOGEX. Our CryptoWallet mobile app allows you to easily purchase BTC tokens using a credit or debit card. You can then exchange your BTC tokens for DOGECOIN tokens on an altcoin exchange.
Are there any alternative platforms to buy Project Dogex or Bitcoin with credit cards?
Although many websites claim to allow you to buy DOGEX or Bitcoin with a credit card, we always recommend that you do your own research (DYOR) before buying tokens on any website. Many platforms are unreliable or scams attempting to steal your credit card information or money.
It’s important to buy BTC tokens from a reliable exchange like CryptoWallet, where all your funds are assured.