Son of Doge V2 is a part of the Doge meme token community. After a relaunch in 2022, the project offers a NFT marketplace and passive income through staking. To help you buy Son of Doge V2 tokens online, we’ve compiled an easy step by step guide.
What is Son of Doge V2?
Son of Doge V2 is a relaunch of the Son of Doge cryptocurrency project. It is a cryptocurrency which is part of the Doge community of meme tokens. It was relaunched in 2022 with new developers after the previous team left the project.
Son of Doge V2 is built on the Binance Smart Chain. Its native token, SODV2, is a BEP-20 token which means it’s built to the Binance Smart Chain standard. This is similar to ERC-20 tokens within the Ethereum ecosystem.
You’ll need to use a cryptocurrency exchange to buy SODV2 tokens online. This is a digital asset trading marketplace that operates online. You can purchase cryptocurrencies with a credit or debit card on several exchanges, including Binance and CryptoWallet.
Others, on the other hand, are altcoin exchanges that only accept cryptocurrencies and don’t accept fiat money. On these cryptocurrency exchanges, you can only trade crypto tokens like SODV2 for other crypto tokens.
SODV2 is not yet available for purchase using fiat currency. You’ll have to first purchase a cryptocurrency such as Bitcoin (BTC) or Ethereum (ETH) via a cryptocurrency exchange such as CryptoWallet or Coinbase. Then you can exchange your tokens for SODV2 tokens on an altcoin exchange.
Don’t be worried if this sounds complicated! We’ve got you covered with our simple step-by-step guide to purchasing Son of Doge V2 tokens online with CryptoWallet.
You can purchase crypto tokens with a debit or credit card through CryptoWallet. With our mobile app, you can trade cryptocurrencies wherever you are, and our crypto card allows you to spend your tokens at retailers all around the world.
Step 1: Register on Fiat-to-Crypto Exchange
To begin, register a CryptoWallet account and setup your cryptocurrency wallet as follows:
- To register, go to the top of this page and select New Account. At this point, you will be required to provide your personal information and verify your identity.
- You will be walked through the process of creating your own cryptocurrency wallet. You’ll be given a seed phrase to use if you need to regain access to your account. This phrase should be stored on paper, not on an electronic device. Then, keep this paper somewhere safe.
- Once you’ve registered you’ll be able to add fiat money to your crypto wallet. Then you’ll be able to start buying and trading cryptocurrency tokens!
Step 2: Buy BTC with Fiat Money
The next step is to add fiat money to your wallet and use it to buy Bitcoin tokens. You may instantly add money to your wallet by using a bank card or a wire transfer. When the transfer is complete and the cash appears in your wallet, you can purchase BTC tokens.
Visit our cryptocurrency exchange and select the coin that you want to purchase. Select the quantity of Bitcoin you wish to purchase and confirm the price.
After you click the Select button, your BTC tokens will be sent to your wallet. The order may take a few seconds to be confirmed and shown in your wallet.
Step 3: Transfer BTC to an Altcoin Exchange
The next step is to move your tokens to an altcoin exchange and trade them for SODV2 tokens. Currently the only options available are PancakeSwap and Poocoin. These are both Decentralized Exchanges (DEXs) built on the Binance Smart Chain network.
A DEX is an altcoin exchange that doesn’t use an intermediary. Trading is done by smart contracts and code. These DEXs only allow for the trading of Binance (BNB) tokens and BEP-20 tokens like SODV2. You’ll need to convert your BTC to a BEP-20 token to trade on these exchanges.
Converting BTC tokens to BEP-20 tokens is done by a process known as bridging. This converts BTC to BTCB – a Binance version of Bitcoin that is backed up by locking your BTC tokens. To find out more and how to bridge your tokens check out Binance’s guides here.
You’ll need to use a wallet that supports BTC, BTCB and SODV2 for this step. MetaMask is a popular altcoin wallet choice that can be used as an in-browser extension. Once you have your wallet set up, you can move your BTC tokens to it using your keys.
Then you can bridge your BTC tokens to BTCB tokens and head to your chosen exchange. Different exchanges will have varying prices for trading pairs of tokens so you can shop around for the best deal.
On your chosen exchange, go to the trading page and select the trading pair BTCB and SODV2. Then you can swap your BTCB tokens for SODV2 tokens.
Last Step: Store Son of Doge V2 Securely
Finally, and most importantly, keep your tokens stored securely! You’ll need to use a separate altcoin wallet since many altcoins aren’t supported by the leading exchange wallets.
Many sites offer wallets that claim to support SODV2 tokens; however, some of these wallets are scams aimed to steal your valuables. To assist you in making your choice, we’ve looked at some of the top secure wallets on the market.
First, let’s define a cryptocurrency wallet. A wallet is made up of two keys that will be used to receive and send tokens. A private key is required to send money, while a public key is required to get tokens. Wallets are classified into two types: “cold” offline wallets and “hot” internet wallets.
Cold wallets, also known as hardware wallets, are the most secure since your keys are stored on a physical device offline. Ledger and Trezor are well-known wallet manufacturers that provide a varied selection of hardware wallets to satisfy your needs. Hardware wallets, on the other hand, can be inconvenient to use because you must connect them to the internet in order to use them.
Hot wallets, also known as software wallets, are significantly more convenient since they let you access your assets from anywhere and at any time. However, because of their constant internet connection, they are significantly more vulnerable to hacking.
Many of the major exchanges have addressed this issue by assuring tokens kept in their wallets. BitGo, a digital asset security industry leader, backs up all of your assets held with CryptoWallet. You can easily buy the top five cryptocurrencies (by market cap) and all your assets will be protected.
Many cryptocurrency traders keep the majority of their digital assets in a secure wallet such as CryptoWallet. They then store and trade altcoins such as SODV2 using an altcoin wallet such as MetaMask or TrustWallet. This means that the bulk of their digital assets are safe and secure.
We think CryptoWallet is an excellent choice since it allows you to store the top five cryptocurrencies in terms of market capitalization and volume (BTC, ETH, XRP, USDT, and LTC).
Our mobile app allows you to access and trade your tokens from anywhere, and our crypto card allows you to spend your money at stores worldwide. BitGo will guarantee all of your cryptocurrency tokens, providing you peace of mind that your investments are secure.
Other Useful Tools for Trading Son of Doge V2
CoinGecko is a crypto market data aggregator that has historical data, price charts and more on thousands of coins. It also provides information on different exchanges and NFTs. It’s a useful website to learn more about altcoins you’re interested in.
Sometimes you’ll learn about a new coin and get excited about its potential only to find it’s a dead project already. CryptoMiso tracks the activity of projects on GitHub to see how active the development of the coin is. It’s a useful tool for investors looking for the next big thing.