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How to buy Baby Doge Coin (BABYDOGE) in the UK

Learn how to buy Baby Doge Coin (BABYDOGE) in our step-by-step guide.

Where to buy Baby Doge Coin in the UK

It looks like BABYDOGE may not be available to purchase on an exchange in the UK.

You can still purchase BABYDOGE by using a decentralised exchange (DEX) instead. decentralised exchanges are web applications that run on blockchains like Binance Smart Chain (BSC) and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase BABYDOGE using a decentralised exchange.
  1. Find BABYDOGE on a decentralised exchange and make sure Baby Doge Coin can be traded for BNB which is the native asset of Binance. The most popular DEX on Binance Smart Chain is PancakeSwap.
  2. Buy BNB to trade for BABYDOGE using an exchange like GlobalBlock. You will need to purchase enough BNB to swap for BABYDOGE as well as BNB to pay for transaction fees (known as gas) on the BSC network, which usually costs less than a dollar.
  3. Transfer the BNB into a a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade BNB for BABYDOGE on PancakeSwap, following the instructions on screen. Make sure to leave enough BNB in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the BABYDOGE tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

Best Baby Doge Coin wallets to store your BABYDOGE

You can keep your BABYDOGE on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BABYDOGE below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Baby Doge Coin a good investment?

BABYDOGE has amassed a strong community following, however, due to its meme-based inheritance it is subject to wild price swings. In this section, we will look at some of the key aspects that are worth considering before investing in this altcoin:

  • Deflationary characteristics:Baby Doge Coin is deflationary by design. This is achieved through a capped maximum supply and token burning mechanism. By applying deflationary characteristics it is the hope of Baby Doge Coin developers that the value of BABYDOGE tokens will rise over time. However, it is important to remember that this is not guaranteed. The demand for BABYDOGE will also contribute heavily to price movements.

  • Whale manipulation: Unlike DOGE, which does not have an upper supply cap, BABYDOGE has a fixed supply of tokens which is set at 420 quadrillion. Although this is a fixed supply, the number of coins is so large that significant proportions of the supply are held by whales within the ecosystem. By holding such a large proportion of coins, whales are sometimes able to manipulate day-to-day price action.
  • Utilises a novel reward mechanism: Auto-reflection refers to the process via which tokens are automatically added to a holder’s personal wallet. 5% of each transaction completed within the Baby Doge Coin ecosystem is redistributed to holders of the coin. This provides an instant incentive for cryptocurrency investors to hold the coin and earn a percentage yield.
  • Charity donations: One underrated aspect of the project is that it seeks to help charity organisations where possible. As a result of the close affiliation with dogs, the charity wallet feature has already contributed to saving dogs around the world. The Baby Doge foundation donated more than the US $100k since June 2021, making it the world’s first dog-charity-themed cryptocurrency.

      • Today's Baby Doge Coin price versus ATH

      Compare today's price of Baby Doge Coin ($1.919e-9 USD) against its all-time-high price of $6.345e-9 USD on 16 January 2022. The closer the bar is to 100%, the closer BABYDOGE is to reaching its ATH again.

      Baby Doge Coin's price: $1.919e-9
      ATH date: January 16, 2022
      30.24%

      Baby Doge Coin ATH: $6.345e-9


      How to trade, convert or sell Baby Doge Coin

      You can convert or sell your BABYDOGE with the same exchange you bought it through:
  1. Sign in to the exchange you have BABYDOGE on.
  2. If you store your Baby Doge Coin in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of BABYDOGE you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Baby Doge Coin.
  6. Complete your transaction and move your BABYDOGE to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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