Uncle Doge is part of the Doge meme family! With a built in buyback mechanism, UDOGE is designed to be stable in price. To help you buy UDOGE tokens safely online we’ve put together an easy step by step guide.
What is UDOGE?
Uncle Doge is a community meme token. It is a part of a huge family of Doge meme tokens based on the infamous Shiba Inu meme. Uncle Doge aims to be the largest community driven token and is built on the Binance Smart Chain. However as a token, the price has stagnated since its launch and its Twitter has been deactivated.
Uncle Doge has a unique buyback mechanism called Big Uncle and burns tokens as well as redistributing them to holders. This is designed to maintain price stability. Uncle Doge was launched on July 8th 2021 with a native token UDOGE.
To buy UDOGE tokens you’ll have to visit a cryptocurrency exchange. This is an online platform for exchanging crypto tokens. Some crypto exchanges allow you to buy tokens using a credit or debit card while others are crypto-only. These are altcoin exchanges that only support trading crypto tokens with other crypto tokens..
Many altcoins like UDOGE can only be bought through these altcoin exchanges. You’ll have to purchase tokens such as Bitcoin (BTC) or Ethereum (ETH) with fiat money through an exchange like CryptoWallet or Coinbase. Then you can move your tokens to a crypto-only altcoin exchange and swap them for UDOGE tokens.
Don’t be alarmed if this sounds confusing! We’ve got you covered with our easy step-by-step guide to buying UDOGE tokens online using CryptoWallet.
You can securely buy crypto with a credit or debit card using CryptoWallet. Our mobile app lets you trade tokens wherever you are, and our crypto card lets you spend your tokens at retailers all around the globe.
Step 1: Register on Fiat-to-Crypto Exchange
Firstly, you’ll need to register your account on CryptoWallet and set up a crypto wallet:
- To register, click New Account at the top of this web page. You’ll have to verify your identity at this stage.
- You’ll be guided through the process of setting up your new cryptocurrency wallet. You’ll receive a seed phrase that you’ll need to recover access to your account if needed. It’s safest to write this phrase down on paper rather than on an electronic device and store it somewhere secure.
- Once your registration is complete you’ll be all set to add fiat money to your crypto wallet. Then you can start buying and trading crypto tokens!
Step 2: Buy BTC with Fiat Money
The next step is to add fiat money to your new wallet and use it to buy Bitcoin tokens. You can easily add fiat money to your wallet by using a bank card. You may also move funds to your wallet by wire transfer. Once your funds have been transferred and the settlement clears, you’re ready to buy Bitcoin!
Head over to our cryptocurrency exchange and select the currency you want to buy. Choose the quantity of BTC tokens you want to buy and confirm the price you’re willing to pay.
Your BTC tokens will be sent to your wallet once you click the Select button. The trade order may take a few minutes to finalize and appear in your wallet.
Step 3: Transfer BTC to an Altcoin Exchange
The next step is to transfer your BTC tokens to an exchange that accepts UDOGE. PancakeSwap is the only exchange that currently accepts UDOGE trading. PancakeSwap is a Binance Smart Chain-based Decentralized Exchange (DEX). A DEX is a decentralized exchange that facilitates trading without the use of a middleman.
PancakeSwap only handles BEP-20 tokens, therefore you’ll need to convert your BTC to BTCB using a Binance bridge. BTCB is a BEP-20 token backed by BTC tokens locked on the Bitcoin blockchain. Bridging allows you to use your BTC tokens within the Binance Smart Chain network.
You’ll need a wallet that supports Bitcoin and BEP-20 tokens including BTCB and UDOGE. Two reputable options that let you hold BEP-20 tokens and BTC are: TrustWallet (a mobile based wallet) and MetaMask (available as a browser extension, mobile app and desktop app).
Once your BTC tokens have been moved to your new wallet and bridged, you can head to the PancakeSwap exchange page and swap them for UDOGE tokens. Select the trading pairs of UDOGE/BTCB to trade your BTCB tokens for UDOGE.
Last Step: Store UDOGE Securely
The most important step is to keep your crypto coins safe. You’ll need to pick a trustworthy wallet that prevents others from accessing it.
Because many altcoins aren’t supported by wallets offered by major exchanges, you’ll need to use a different wallet for altcoins like UDOGE. There are numerous sites that claim to support the storage of altcoins; however, not all of these wallets are reliable. Some wallets may even be frauds designed to steal your money.
A cryptocurrency wallet consists of two keys that you will need to access and use your assets. A private key is used to send tokens, while a public key is used to receive tokens. They’re comparable to a password and an email address.There are two types of wallets: “hot” online wallets and “cold” hardware wallets.
Since your keys are stored offline in a physical device, hardware wallets are the most secure option available. Ledger is a well-known and trusted hardware wallet manufacturer that supports UDOGE. They manufacture a variety of hardware wallets to meet your demands. While hardware wallets are the most secure choice, they are also the most inconvenient. They need to be connected to an online device before you can access and use your funds.
Hot wallets are significantly more convenient to use because they can be accessed from any location. Your personal information is stored online. They are, however, significantly more vulnerable to hacking because they are always connected to the internet.
Many crypto traders will hold the majority of their funds in a protected wallet like CryptoWallet. Then users may use a second altcoin wallet to trade and store altcoins like UDOGE while keeping the majority of their digital assets secure.
Because it allows you to keep the hundreds of cryptos including BTC, ETH, XRP, USDT and LTC, we believe CryptoWallet is an ideal solution! Our mobile app allows you to access and trade your tokens from anywhere, and our crypto card allows you to spend your tokens at businesses all around the world.
Other Useful Tools for Trading UDOGE
CoinMarketCap includes nearly every cryptocurrency and provides information such as cryptocurrency price history, whitepapers, community sites, market data, and much more. It’s a good place to start if you’re unfamiliar with a token. You’ll also be able to see where you can buy or sell the coin.
Messari is a great online resource that provides a range of services. It provides an depth analysis of most cryptocurrencies as well as market data and a calendar feature to keep track of updates and changes to different networks. You can filter cryptocurrency charts by yield farming options, DeFi assets, larger gainers, and much more. You can also take a look at their own research and top picks.
Can I buy UDOGE with cash?
No. Many platforms may claim to support buying UDOGE with cash, however it’s vital to do thorough research before buying any crypto tokens online. Often these websites are scams designed to steal your personal information or assets.
Are there any quick ways to buy UDOGE in Europe?
We believe that buying BTC tokens with CryptoWallet and then exchanging them for UDOGE tokens on an altcoin exchange is the fastest and safest way to get Uncle Doge tokens. Our mobile app makes it simple to purchase tokens, allowing you to trade crypto currencies wherever you are. Because CryptoWallet is a certified and regulated site for purchasing digital assets, you can be confident that your funds are secure.
Are there any alternative platforms to buy UDOGE or Bitcoin with credit cards?
Many websites claim to accept credit or debit card purchases of UDOGE or Bitcoin. However, many of these networks are scams intended to steal your personal information or funds. That’s why you should always do your own research (DYOR) before buying any cryptocurrency online. When using a credit card, always buy cryptocurrencies from a regulated and secure platform like CryptoWallet.