The idea of the dogwifhat token arose from a social media post about a dog wearing a hat. The post quickly went viral, becoming a widespread meme. This eventually led to the creation of the meme token dogwifhat in November 2023. The token belongs to the Solana blockchain and utilises its efficiency, programmability, and composability to operate. It uses a Proof of History (POH) mechanism that allows for quick transaction verification.
Although the token has quickly risen in popularity, it does not serve any purpose. As stated on the website, it’s a dogwifhat. The token is not being used for any web3 activities other than trading. The token has a strong community of users involved in its trading.
To hop in on the trend, follow this guide and buy your own WIF token.
How To Buy Dogwifhat In 4 Easy Steps
The 4 steps mentioned below will allow you to buy and secure WIf tokens in an easy and organised manner.
Step 1: Choose A Crypto Exchange Platform
Initially, you will have to pick a crypto exchange platform to begin the purchase. You may look at customer reviews, supported fiat currencies, trading options, security protocols and other features of different platforms to choose one that suits your requirements. Fiat currency exchange is available for a select number of cryptocurrencies on any platform.
In the case of WIF, the available fiat currencies include USD, EUR, and GBP. US Dollars can be used on Gemini and Crypto.com to buy WIF. Euros are available on OKX and ByBit; GBP is available on the platform CoinJar. In case your preferred fiat currency is not available, you may use an altcoin to trade WIF as well. Tether, USD Coin, and Bitcoin have valid exchange pairs on platforms such as Bitfinex, Gate.io and Binance.
Step 2: Register On Any Of The Platform
You cannot begin trading without registering an account on the exchange platform. Registration is done by providing some basic information such as your full name, email address, phone number etc. along with an identification document. Accepted documents usually include a PAN card, passport, Driver’s license and more. The platform then completes a KYC process after which your account is approved for trading. Keep the documentation handy to avoid any disruptions.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Now that your account is ready, you may purchase the WIF token. Look for a suitable payment option from the ones available on the trading platform to add funds to your account. Commonly available methods are credit/debit cards, UPI, bank transfers, and more. The funds will allow you to purchase WIF tokens directly or through a swap with an altcoin.
Available fiat currencies include USD (available on Gemini, Crypto.com), GBP (on CoinJar), and EUR (on OKX, and Binance). If a fiat option is unavailable, the process can be completed with an altcoin such as USDT and USDC.
Step 4: Store The Cryptocurrency In A Wallet
Crypto wallets are essential to safeguard your cryptocurrency. There are many wallet options to choose from, based on their safety features, ease of use, and transaction fees. Evaluate all these factors before picking your wallet. Some wallets like Trust Wallet, Guarda Wallet, Kraken Wallet, and YouHodler wallet are preferred for dogwifhat tokens.
Your token can be transferred to the wallet easily by accessing the withdrawal section of the crypto exchange platform. You will be asked to enter the amount of the token and the wallet’s public key after which, the transaction will be complete.
This finishes the procedure for buying and safely storing your WIF token.
Also read: What Are CBDCs?
Popular Video Guides On Buying Dogwifhat (WIF)
Where To Buy Dogwifhat (WIF)
Crypto.com is one of the largest crypto exchanges in the world. It offers services for both businesses and individual traders. Services like swapping, staking, and Dapps browsing have attracted over 100 million customers to the platform. The platform has rigid security features that secure the users’ data and money.
Factsheet
|
Operational Since: |
2016 |
|
Deposit Methods: |
Credit/debit cards, bank accounts, ACH, wire transfers, etc |
|
Deposit Fees: |
No charges |
|
Cryptos Listed: |
300+ |
|
Trading Fees: |
Standard Fee of 0-0.075% for the maker and 0.05%-0.075% for the taker |
|
Fiat Currencies Supported: |
AUD, CAD, EUR, GBP, USD, BRL, TRY |
|
Trustworthiness: |
Safe and reliable |
WhiteBIT is a leading crypto exchange platform in Europe. The platform proves its security through a security audit, being ranked amongst the top five safest platforms. Its cold wallet storage and AML policies enhance the platform’s security. Other platform services include spot trading, futures trading, margin trading, lending and more.
Factsheet
|
Operational Since: |
2018 |
|
Deposit Methods: |
Advcash, Perfect money, Visa/Mastercard, GEO Pay E-wallet, NixMoney E-wallet |
|
Deposit Fees: |
Varies by method; typically, bank transfers and crypto deposits are free, while credit/debit card deposits may incur a fee. |
|
Cryptos Listed: |
300+ |
|
Trading Fees: |
0.1% for both makers and takers |
|
Fiat Currencies Supported: |
USD, EUR, GBP, RUB, UAH, KZT, PLN, TRY, CZK, BGN |
|
Trustworthiness: |
Safe and Reliable |
BitGet was founded in 2018 to provide one-stop crypto solutions to its users. Along with spot trading, other advanced features such as trading bots and copy trading are also offered to its customers. The platform is trusted by over 40 million users due to its transparency and open communication about the platform's performance.
Factsheet
|
Operational Since: |
2018 |
|
Deposit Methods: |
Credit/Debit Card, Bank Transfer, Cryptocurrencies |
|
Deposit Fees: |
Crypto Deposit is Free, Fiat deposit varies with payment method |
|
Cryptos Listed: |
800+ |
|
Trading Fees: |
0.1% For both maker and taker |
|
Fiat Currencies Supported: |
USD, EUR, GBP, TRY, BRL, and ZAR |
|
Trustworthiness: |
Safe and reliable |
Frequently Asked Questions
Where Can You Buy Dogwifhat With A Credit Or Debit Card?
Credit/debit cards are a convenient option for most people. Most platforms offer credit/debit cards along with other payment options such as UPI, crypto wallets, and more. Use your credit/debit card to add funds to your crypto account. The transferred funds can directly be on ByBit, Binance and OKX. Gemini and Kraken are suitable for USD and CoinJar is suitable for GBP. If these currencies are unavailable, an altcoin can be used to buy WIF. Bitget and Kucoin offer Tether as an alternative. DeGate and Beek have USD Coin as an option. Lastly, Bitcoin is offered by Binance and Whitebit.
Exchange rates are often variable and thus, should be analysed before these trades are made.
What Will You Need To Buy Dogwifhat?
This list compiles all the essentials required to complete the purchase. This will help you organise your process.
- An exchange platform: A crypto exchange platform mediates all trades for you. It will help you with market analysis, learning opportunities, and trade options. Customer reviews supported fiat currencies, and security protocols can be used to choose a platform.
- ID proof: An ID proof is compulsory for registering an account with an exchange platform. It is used for a KYC process that helps the platform secure customer transactions. You should keep IDs like passports, driver’s licenses, and tax returns handy as specific documents vary for different platforms.
- Debit/credit card: A debit/credit will help you add money to your account. Whether WIF can be purchased with that currency depends on your chosen platform. OKX, ByBit, Kraken and some other exchange platforms provide a direct WIF exchange. Alternatively, an altcoin trade is also possible.
- Crypto wallets: Crypto wallets maintain the security of your crypto tokens. They also offer other services including digital asset management, staking, and web3 application browsing. Depending on these options, you may choose the wallet most suitable for you. For WIF, Guarda Wallet and Youhoddler Wallet are some recommended wallets.
What Is The Easiest Way To Buy Dogwifhat?
A direct purchase made through a credit/debit card is the easiest way to buy the WIF token. Use the card to transfer funds to your crypto account and use them to buy the WIF token. The supported fiat currencies will be listed on the exchange platform. If your currency is not listed, don’t worry as several platforms allow a trade with an altcoin. Bitcoin, USDC, and USDT are some possible exchange pairs offered on platforms such as KuCoin, Whitebit, and Bitget.
Best Wallets To Store Your Dogwifhat (WIF)
All crypto wallets available on the market have unique features and selling points. The important considerations are safety features, transfer fees, and supported cryptocurrencies. The wallets listed below are popular for WIF storage.
- Guarda wallet: Guarda wallet is a non-custodial wallet that supports all major crypto tokens. It focuses on customer privacy. This is done by relinquishing all user data including private keys, and backup files. Guarda offers other crypto services such as staking, loans and crypto academy.
- Kraken wallet: the wallet offers multichain access and a seamless web3 browsing experience. Innovations like biometric authentication and encryption ensure the safety of all your digital wallets. The wallet is available on all iOS and Android devices.
- Youhoddler wallet: The Youhoddler wallet simplifies asset management and web3 access through its quick access to all necessary features. It is suitable for all buyers and traders regardless of their crypto experience. The wallet also offers staking and crypto payouts.
