One of the wonderful things about Steemit is that it gives people (like me) opportunities to explore the cryptocurrency space with very little risk. Using the SBD payouts from my post, for instance, I have been able to invest in other coins.
There is another coin that gives you that opportunity: Dogecoin. Kindly hear me out on this one.
What is Dogecoin?
Here’s what the Doge Website says:
Dogecoin is an open source peer-to-peer digital currency, that enables you to easily send money online. Think of it as the internet currency.
I believe that is right in many respects. Using Dogecoin you can send very little money over the internet without worrying about hefty transactions fees. What’s more, it is very fast too. Another bonus is that it helps to broaden your portfolio. For a guy with little capital like myself, this is pretty good.
At the time of creating this post, one dogecoin is worth $0.004128 coinmarketcap
The ‘Doge’ is a reference to the Shiba Inu. The Shiba Inu is a Japanese## breed of dog that also trends as an online meme.
How Do I get Free Dogecoins
The approach here is to use cloud mining. For this, you simply need a Doge wallet, Dogecoins (optional) and a Doge miner (I show you a free and reliable miner)
Getting a Doge Wallet
To get a Doge Wallet, follow the simple steps
- Go to my.dogechain.info/#/overview
- Click on New Wallet
- Fill in the short form
- Viola! You get an id and you are done. The ID is your username. Keep is safe as it cannot be recovered.
- Now copy your wallet address as you’ll be needing it shortly
Getting The Free Doge Coins
To get free doge coins
- Go to https://dogeminer.cc/index.php?boss=174833 (using my referral link)
- Insert your wallet address in the space provided. Automatically, the miner begins and you begin to earn Dogecoins
- You can always transfer your mined Dogecoins to your wallet at any time
Want More Coins?
There are two easy ways to getting more coins: paying for upgrade and referral bonuses
Paying for upgrade
- On the site, there are many packages. The least costs 300 doge and you’ll get a minimum of 420 Dogecoins at the end of a 30 days period.
- The higher the package, the higher the returns
- Considering the very low price of doge, I recommend the package that costs 5000 coins. You can easily convert your SBD into Doge using Blocktrades and using your doge wallet account. I converted 10 SBD to over 5100 Dogecoins.
- You simply transfer the amount of Dogecoin equivalent to the package required and viola, you are set.
- Please note that each subscription last only for 30 days
Referral links
- You can also earn Dogecoins for referring people
- Simply to to your account page and copy the referral links and share with your friends
- Depending on your package, you will get between 3% to 8% of whatever the person you referred mines
And that is all. I hope the guide is simple enough.
Kindly hit me in the comment section if you have any question.
Please note that this is solely for educational purposes and should not be treated as professional advice.
Thanks for reading. Do check it out
Blessings
[Image source: Flickr]