If you have read our beginner’s guide to Dogecoin, you would know that this pop-culture-based cryptocurrency is quite an interesting player in the crypto market. Therefore, we wouldn’t be surprised if you are planning to sell or trade in Dogecoin.
Now, the crypto space can be quite tricky sometimes and it might get difficult to figure out how to go about selling your buying the cryptocurrency of your choice.
Therefore, in this article, we give you comprehensive guide for selling or trading Dogecoin.
Before you start off, make sure you have a proper Dogecoin downloaded, ideally from its official website.
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Sell Dogecoins Via An Exchange
Often, the most reliable method of selling Dogecoin is via a cryptocurrency exchange. Although in this day and age, there is little guarantee as to whether an exchange will also live up to its reputation; normally, going to a well-known crypto exchange is a trusted way to trade your crypto coins.
For Dogecoin, since it is not exactly the most popular or well-adopted cryptocurrency that is out there, you must know what exchanges allow you to sell it.
Now, some of the exchanges that do support Dogecoin trading are Bitalong, gate.io, HitBTC, Exmo,P2pb2b, Coinegg etc.
When you go to the Dogecoin section of any of these exchanges, you’ll find, with occasional changes owing to varied interfaces across exchanges, that there’s an option to “Sell Dogecoin”. There, you can simply place a sell notice for the quantity of Dogecoin you are planning to sell, and wait for the time when the price you offer is accepted by a crypto buyer.
On the other hand, if you’re buying Dogecoins from any of these exchanges, you simply choose the option to “Buy Dogecoin”, place a buy order and wait for a suitable sell notice to fill up your order.
You must keep in mind that the price of the Dogecoin you are selling or buying will include not just the market price but also the crypto exchange’s fee, depending on how frequently you engage in crypto trades via that exchange. Whenever you set a buy price or sell price, you must keep in mind these considerations.
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Sell or Trade Dogecoin Via Other Avenues
Now, if you don’t want to take the route of crypto exchanges, and especially if you are not satisfied with the pairings offered in these exchanges, you might be looking to sell or trade your Dogecoins via other avenues.
Pairings refer to what currencies you can exchange Dogecoin against and it may so happen that you don’t have or don’t want to shell out units of currencies Dogecoin is paired with.
Instead, perhaps you are hoping to sell Dogecoin for cash or even PayPal. For this, the best sites are VirWox or Reddit.
In VirWox, especially, you can buy Dogecoins in exchange for PayPal. In our article How To Buy With PayPal?, we have explained how VirWox really works. For Dogecoin, the manner is not all too different.
As for Reddit, we know that it is a rather popular platform for crypto enthusiasts to congregate. Here, placing a sell order often solicits good responses from interested buyers. Since you have a pool of crypto enthusiasts available at one place, Reddit becomes a great way to reach out to prospective buyers and sellers.
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