Dogecoin, an abbreviated of DOGE, is a Blockchain-based crypto currency that was originally created just for jokes or things like rewarding content creators on social media, but after years and even its creator’s departure, it has grown. Extreme Bitcoin People like Elon Musk have supported Dogecoin, pushing up its price. In this article, we at shetcoiner discuss how Dogecoin can be converted into cash or USD.
Dogecoin has gained a lot of popularity in recent months, and one of its biggest fans, Elon Musk, has been hearing about new updates that could help it reduce transaction fees and further increase its price.
How to convert Dogecoin into cash or local currency?
You can use Kraken or Coinbase or Binance US exchange offices to convert Dogecoin to USD or cash. In the continuation of this section, we will explain the steps of converting it to USD for you in these exchanges.
Convert Dogecoin to Cash and USD
1- Choose your desired exchange from the American exchanges of Kraken, Coinbase or Binance US.
2- Open an account in your desired exchange and if you need authentication to receive USD and cash, perform your authentication steps in this exchange.
3- Now look for the address of the USD or USDT wallet in the exchange and copy the address of this wallet (pay attention to its Blockchain network).
4- In this step, give the address of the destination exchange wallet to your software or web wallet (make sure they are the same in the transfer Blockchain network) and click on send.
- Many exchanges will ask you for a transfer confirmation code at this stage. This code sent to your phone by some exchanges and some will send it to you in the form of an email message. Enter it.
- Click to Confirm or Ok or Send to transfer your Dogecoin to your USD or USDT wallet.
- Now your Dogecoin is in an exchange that can be converted into dollars or EUR. Now you can look for the option to receive your money in USD or EUR or GBP.
8- If you do not find this option in the desired exchange to receive your money in cash, ask your exchange support to send or explain to you how to receive cash or local currency.
Be aware that some other exchanges, such as Binance or Kucoin or Bitmex, may be able to convert your Dogecoin into local currency or cash and deposit it into your account. So if you want to use another exchange, be sure to ask the support of that question to teach or explain how to transfer and convert Dogecoin to cash in your exchange.