Crypto enthusiasts keep exploring different cryptocurrencies and stablecoins. What is the purpose? Portfolio diversification, of course. Owning a popular and relatively stable coin is the best move an investor can do. However, this strategy also requires thorough research — never forget it in the world of crypto.
This article is dedicated to the cryptocurrency pair of DOGE and BTC, two well-known assets which take the first places in the Coinmarketcap’s ranking list.
Let’s see how to swap DOGE to BTC, discover the reasons for doing that and take a look at the pluses of this type of exchange.
What is Dogecoin (DOGE)?
Before delving into the main topic of the article — how to convert Dogecoin to Bitcoin, — it is crucial to get to know about both.
Dogecoin has emerged as a beloved and fun crypto since its inception in 2013. Initially created as a playful meme-inspired coin, DOGE has become popular for its active community, tipping culture, and low transaction fees. While its origins may be lighthearted, Dogecoin has proven itself as a serious contender in the crypto space.
What is Bitcoin (BTC)?
Bitcoin, the pioneer of cryptocurrencies, needs no introduction. Serving as a decentralized digital currency, Bitcoin is renowned for its limited supply, secure blockchain, and worldwide adoption.
Why Do Users Swap DOGE for BTC?
The decision to swap Dogecoin for Bitcoin can be influenced by various factors. Traders may seek exposure to Bitcoin’s stability and possibility for long-term rise. Additionally, the liquidity and market dominance of Bitcoin make it an attractive option for those looking to diversify portfolios or capitalize on strategic trading opportunities. So this list of reasons make most crypto enthusiasts wonder — how to exchange DOGE to BTC?
Where to Swap DOGE for BTC?
Choosing the right platform for swapping DOGE to BTC is crucial for a smooth and secure experience. Cryptocurrency exchanges like Binance and Coinbase offer the required trading pairs and easily answer the question of how to change DOGE to BTC.
However, you can also consider the SimpleSwap platform on solving the issue of how to transfer DOGE to BTC. This service provides a great and intuitive interface and a high level of security, making it an ideal option for Dogecoin to Bitcoin swaps.
How to Swap DOGE to BTC: Swapping Guide
It’s time to find out how to convert Dogecoin to Bitcoin? These are few easy steps to complete using SimpleSwap for that:
Choose the pair
Pick DOGE in the “You send” section. Next, enter the amount of DOGE you’d like to exchange. Then choose BTC in “You get”. Tap “Exchange”.
Fill in the address of a recipient
Now you have to enter the recipient’s Bitcoin address. BTC coins will be sent to this address right after the exchange. Check the address twice. Create an exchange.
Send the deposit
In order to proceed the swap, the deposit is required. On the exchange page, you will notice the address to send the needed amount of BTC to continue your swap.
Get crypto
Once we get your deposit, we will convert it, which might take a while. We will then send the Bitcoin to the wallet address you provided for receiving it.
Want to try? You are 4 steps away from becoming an owner of a cryptocurrency you want the most.
How the Exchange (Swap) Process Looks Like
If you have issues with the process, take a glance at the screenshots below. They will help you to quickly and safely swap DOGE to BTC. Notice that screenshots contain another crypto pair, but this guide works for any cryptocurrency you want to exchange.
Advantages of Swapping DOGE to BTC
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Stability & Long-Term Growth:
These two points are making it an attractive choice for investors seeking a secure store of value.
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Market Dominance:
Bitcoin’s market dominance and widespread adoption provide a sense of confidence to users looking for a reliable and influential cryptocurrency.
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Diversification Opportunities:
Swapping DOGE for BTC allows users to diversify their cryptocurrency portfolios, balancing the playful nature of Dogecoin with the solidity of Bitcoin.
The Bottom Line
Swapping Dogecoin for Bitcoin can be a strategic move for individuals looking to align their portfolios with stability, long-term growth, and market dominance.
Notice: always do your own research before buying/selling or exchanging crypto.
FAQ
Any questions left? Find the most common ones in the section below.
What is the duration of the swap?
It does not take long — from 5 to 60 minutes. SimpleSwap is considered an instant exchange. There are rare situations when more time is needed.
How many cryptocurrencies are available on SimpleSwap?
There is a huge choice of more than 1500 assets available for exchange.
Is SimpleSwap secure?
It is. SimpleSwap doesn’t keep your crypto — we send it right to the wallet you provide during creating the exchange. No registration is needed which is a plus marked by SImpleSwap users.
Is there a KYC on SimpleSwap?
On most occasions (read: almost always) the service does not require a KYC procedure.