Taha Abbasi walks through the exact process of buying $DOG, the leading meme coin on Bitcoin, using Xverse Wallet.
Why $DOG? The Number One Meme Coin on Bitcoin
Bitcoin’s meme coin ecosystem is growing fast, and $DOG is leading the way. Unlike Ethereum-based meme coins, $DOG is natively built on Bitcoin, making it a unique and scarce asset. But because it isn’t listed on major exchanges yet, buying it requires a few extra steps. This guide breaks it down step by step.
Step 1: Setting Up Xverse Wallet
The first thing you need is a Xverse Wallet, a Bitcoin-native wallet that supports Ordinals and Runes.
- Download Xverse Wallet – Available on both iOS and Android.
- Create a New Wallet – Open the app and select “Create Wallet”.
- Back Up Your Seed Phrase – Write down your 12-word seed phrase and store it securely. Never share it.
- Set Up Security – Enable biometric authentication or a strong PIN code.
Step 2: Funding Your Wallet with Bitcoin
Since $DOG trades on the Bitcoin network, you need BTC in your wallet to make a purchase.
- Option 1: Transfer BTC from an Exchange – If you have Bitcoin on Coinbase, Kraken, or Binance, send it to your Xverse Wallet.
- Option 2: Buy Bitcoin Directly in Xverse – Use MoonPay or Transak to purchase BTC within the app.
- Option 3: Use a P2P Platform – If you prefer decentralized transactions, use platforms like RoboSats or Bisq.
Step 3: Buying $DOG on Xverse Wallet
Once your wallet is funded, you can swap BTC for $DOG.
- Go to the Swap Menu – Tap the “Swap” button on Xverse Wallet.
- Select Tokens – Choose BTC as the “From” token and $DOG as the “To” token.
- Enter Amount – Leave a small BTC balance for network fees.
- Get Quotes – Xverse provides quotes from platforms like Magic Eden, OKX, and DotSwap.
- Choose Best Rate – Pick the best exchange rate with low slippage.
- Confirm and Swap – Approve the transaction, and the swap will be processed on the Bitcoin blockchain.
Step 4: Checking Your $DOG Balance
Once the swap is complete, you can view your $DOG balance in Xverse Wallet.
- Go to the main wallet screen and select $DOG.
- If the transaction is pending, check the Mempool Explorer to track progress.
- Once confirmed, your $DOG will appear in your wallet, ready to hold or trade.
Why Buying $DOG Now Is a Strategic Move
Currently, $DOG is not listed on major centralized exchanges, meaning only early adopters can acquire it through on-chain swaps. Historically, meme coins experience significant price increases once they hit major exchanges like Coinbase and Binance.
With Bitcoin’s meme coin movement gaining momentum, early $DOG holders could be positioning themselves ahead of the next major breakout.
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