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<!DOCTYPE html>
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<head>
<title>Dogecoin Tutorial</title>
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<a href="index.html" class="navbar-brand"><span class="logo logo-front">dogecoin</span><span class="logo logo-back">tutorial <i class="fa fa-rocket"></i></span></a>
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<li class="seq-one">
<a href="#" class="dropdown-toggle" data-toggle="dropdown">Wallets <b class="caret"></b></a>
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<li><a href="local-wallet.html">Local wallet</a></li>
<li><a href="online-wallet.html">Online wallet</a></li>
<li><a href="paper-wallet.html">Paper wallet</a></li>
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<a href="#" class="dropdown-toggle dropdown-bg" data-toggle="dropdown">Currency conversion <b class="caret"></b></a>
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<li><a href="virtualcurr.html">USD to BTC to Doge</a></li>
<li><a href="fiatcurr.html">USD to Doge</a></li>
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<a href="#" class="dropdown-toggle" data-toggle="dropdown">Tipping <b class="caret"></b></a>
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<h5>Guide supported by</h5>
<a href="http://shopdoge.com/" target="_blank">
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<p class="alert alert-info">
<b>Attention:</b> This guide covers buying Bitcoin with USD and then converting it Dogecoin. For direct USD to Dogecoin currency conversion, please refer to <a href="fiatcurr.html">this guide</a>.
</p>
<div class="row">
<div class="col-md-8">
<h1>Buying Doge with Bitcoin</h1>
</div>
<div class="col-md-4 right update">
<code><strong>Last updated on Jan 31, 2014.</strong></code>
</div>
</div>
<p>
You can expect this process to take up to 4 - 7 days your first time through. For this guide, we will be purchasing Bitcoin (BTC) through a Bitcoin exhcange and then convert it to Dogecoin through a general trade exchange.
</p>
<p>
In order to convert Bitcoin to Dogecoin, you <strong>will need</strong> a:
</p>
<ul>
<li>Bank account</li>
<li>Phone number</li>
</ul>
<p>
I documented every step along the way, so enjoy this guide fellow shibes!
</p>
<h2>1. Sign up with a bitcoin exchange</h2>
<p>
To buy bitcoin, you will need to setup an account with a bitcoin exchange. I suggest and have the most experience with <a href="https://coinbase.com/?r=52df1f237ab63275ee00005b&utm_campaign=user-referral&src=referral-link" target="_blank">coinbase</a> (disclaimer: this is our referral link), although any exchange from <a href="http://howtobuybitcoins.info/us.html" target="_blank">this list</a> would work. With coinbase you are required to verify your phone number and bank account. If your bank account does not allow for instant verification, coinbase will make two small deposits into your bank account for verification (similar to PayPal). This will take a few business days to show, many patience!
</p>
<p>
Verifying phone number with Coinbase:
</p>
<img src="images/exchange/coinbase-verify-phone.jpg" class="img-responsive" alt="phone verification example" />
<p>
Verifying back account with Coinbase:
</p>
<img src="images/exchange/coinbase-add-payment.jpg" class="img-responsive" alt="adding payment method example" />
<img src="images/exchange/coinbase-verify-payment.jpg" class="img-responsive" alt="verying coinbase payment method example" />
<img src="images/exchange/coinbase-verify-complete.png" class="img-responsive" alt="successful payment method verification example" />
<h2>2. Sign up with a trade exchange</h2>
<p>
In order to convert your BTC to doge, you will also need an account with a trade exchange that supports virtual currency conversion. I suggest and have the most experience with <a href="https://www.cryptsy.com/" target="_blank">Cryptsy</a>, although any exchange from <a href="https://github.com/ummjackson/dogecoin-resources#exchanges" target="_blank">this list</a> would work.
</p>
<p>
After creating your Cryptsy account, you will need to generate a send address to transfer your Bitcoin to your Cryptsy account. Visit "Balances" from the navigation menu, select the Bitcoin dropdown button and choose "Deposit".
</p>
<img src="images/exchange/cryptsy-btc-action.jpg" class="img-responsive" alt="depositing bitcoin example" />
<p>
Then generate a new deposit address. You will use the generated address to transfer your purchased Bitcoin to your Cryptsy account in step 4.
</p>
<img src="images/exchange/cryptsy-generate-address.png" class="img-responsive" alt="generate cryptsy address example" />
<h2>3. Purchase Bitcoin</h2>
<p>
With your exchange account created and your coinbase verification complete, you can now start the journey of acquiring Dogecoin. Such happy, many excite!
</p>
<p>
We first need to purchase Bitcoin through Coinbase. Log into your Coinbase account, then choose “Buy/Sell” from the left sidebar and enter the amount of Bitcoin you want to purchase. Entering any amount of BTC will update your total, no need to maths!
</p>
<img src="images/exchange/coinbase-buy.jpg" class="img-responsive" alt="buying bitcoin example" />
<p>
After you’ve submitted the amount of BTC you want to purchase, you will be asked to verify the transaction.
</p>
<p class="alert alert-info">
Note: There is a 1% transaction fee on all Bitcoin purchases.
</p>
<img src="images/exchange/coinbase-buy-verify.jpg" class="img-responsive" alt="verify bitcoin purchase example" />
<p>
Once you have confirmed the transaction, you play the waiting game (typically 3-4 business days) until your BTC arrives. I suggest packing for your trip to the moon in the meantime!
</p>
<h2>4. Transfer your Bitcoin</h2>
<p>
When your BTC has arrived in your Coinbase account, it’s time to send it to your send address generated with Cryptsy from Step 2. Choose “Send/Request” from the left sidebar and select “Send Money”.
</p>
<img src="images/exchange/coinbase-send-request.jpg" class="img-responsive" alt="bitcoin send request example" />
<p>
Then input your send address and how much BTC you want to deposit.
</p>
<p class="alert alert-info">
Note: The send address should be the Cryptsy wallet address you generated in step 2.
</p>
<img src="images/exchange/coinbase-send-amount.png" class="img-responsive" alt="bitcoin send amount example" />
<h2>5. Convert your Bitcoin to Doge</h2>
<p>
After the Bitcoin has been deposited into your Cryptsy account, it's time to convert it to Doge! You’ll need to visit the DODGE/BTC trade market page, which can be found <a href="https://www.cryptsy.com/markets/view/132" target="_blank">here</a>. On this page, you will see the option to buy DOGE with BTC.
</p>
<img src="images/exchange/cryptsy-buy-doge.png" class="img-responsive" alt="doge purchase example" />
<p>
Enter the amount of doge you want to purchase and then submit your buy order.
</p>
<p class="alert alert-info">
Note: You may get a price alert notifying you that you are buying higher than the current selling price. If you receive this message, cancel and modify the "Price per DOGE" to match the current top selling price, then resubmit your buy order.
</p>
<img src="images/exchange/cryptsy-price-alert.png" class="img-responsive" alt="doge purchase price alert example" />
<p>
You will receive an order confirmation screen after submitting your buy order. Confirm for much coin!
</p>
<img src="images/exchange/cryptsy-confirm.jpg" class="img-responsive" alt="doge purchase confirmation" />
<h2>6. Receive your converted Dogecoin</h2>
<p>
With your BTC officially converted to Dogecoin it’s time to cash out, many applause!
</p>
<p>
Revisit "Balance" from the navigation menu, select the "DOGE actions" button for Dogecoin and choose "Withdraw".
</p>
<img src="images/exchange/cryptsy-doge-action.png" class="img-responsive" alt="withdrawing doge example" />
<p>
Choose the send address for your Dogecoin wallet, enter the amount of Doge you want to send and process the withdrawal.
</p>
<img src="images/exchange/cryptsy-doge-withdraw.jpg" class="img-responsive" alt="withdrawing doge amount example" />
<h2>7. To the moon!</h2>
<p>
You should now see you hard earned monies in your Dogecoin wallet, many congrats shibe!
</p>
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