You’ve finally accumulated enough Doge that now you want to swap it our for cash. Or maybe you are about to get some Doge but need to make sure you can get cash for it. Either way, we’re here to guide you how to trade Doge coin for cash. In this post, we’ll dive into the most effective and easy ways to get money for your Doge coin.
Overiew: Step by Step Guide
Step 1: Login to Your Exchange or Broker
Login to your RobinHood, Coinbase, WeBull, Binance etc. and make sure you have access to your Doge. You won’t be able to withdraw it or trade it for cash if you don’t have access to your account.
Step 2: Connect Your Bank Account or Wallet
Go to the Settings menu and click “Bank Accounts” or the equivalent option in your app or exchange. Select “add a bank account” and enter your bank information carefully. Double check the info is correct before saving.
Step 3: Select Amount of Doge to Exchange
Next, return to your home screen and find your Doge holdings. Look for a button that says “trade” and select this option. Now enter the amount of Doge you want to trade for the currency of your choice (US Dollars, Euros, etc.)
Step 4: Verify Exchange Rate
After you’ve selected the amount, verify that the rate is what you’re expecting. It should show an estimate of how much your Doge is worth in the currency you selected. You want to verify this before completing the exchange.
Step 5: Submit Exchange
Now that you’ve verified the exchange rate is correct, you can submit your exchange. Depending on the app or broker, this could take a couple minutes. If you are using Robinhood or WeBull, you may want to use the Market Sell option to liquidate your Doge quickly.
Step 6: Withdraw Cash
After submitting, the cash you swapped your Doge for should appear in your account. Find the “transfer” button and select it to begin the withdrawal process. Before you withdraw, the broker may require you to wait a couple days before the funds go through. Cryptocurrency exchanges may have a hold for withdrawing cash depending on the age of your account. Once you withdraw, the cash will show up in your bank account in 2-3 days (or longer depending on the service).
Other Ways to Swap Doge
If you want to swap Doge for another cryptocurrency, you could try using SimpleSwap it has 500+ cryptocurrencies you can trade on their platform, but be mindful of the fees they charge.
Earning Doge with a Rewards Card
You can earn Doge coin by using a crypto rewards credit card, here are some of the card options you can select from to earn Doge coin:
What is Dogecoin?
Dogecoin is one of the popular cryptocurrencies in the world. It started as a joke or meme coin and increased in popularity as more and more people embraced, the fun, carefree nature of the coin. It is now at a multi-billion dollar market cap and in the top ten largest cryptocurrencies in the world. Dogecoin is also rumored to be the future currency of Twitter, after Elon’s acquisition of the platform in October 2022.
