How to cash out dogecoin

how to cash out dogecoin

Have you been expanding your crypto portfolio and are ready to sell Dogecoin from your wallet? When you learn the process of how to sell Dogecoin, you’ll be ready to exchange Dogecoin when it makes the most sense for your investment. Before we take a closer look at how to see Dogecoin, let’s quickly review some common facts about Dogecoin.

  • It was invented in 2013 by software engineers Jackson Palmer and Billy Markus.
  • Dogecoin is known as a meme coin because it started as an online joke making fun of the volatile alt coins of that time.
  • One of the most common uses for Dogecoin is for tipping services.
  • Dogecoin is based on Litecoin and operates on the same “proof-of-work” technology.

Here’s what you need to know about how to sell Dogecoin today.


Can You Sell Dogecoin?

Selling Dogecoin is much the same process as buying it in the first place. You may think that you can only sell Dogecoin on cryptocurrency exchanges, but that’s a common misconception. Coin Cloud has streamlined the process of a Dogecoin sale. With our two-way digital currency machines (DCMs) let your cash out your Dogecoin safely and securely.

Can You Sell Dogecoin for USD?

Yes! Just because Dogecoin is a cryptocurrency doesn’t mean you can’t get cold hard cash for your coins. In fact, Coin Cloud makes it easy to do just that. Keep reading to find out how to sell Dogecoin for USD.

How to Sell Dogecoin for Cash

Do you have Dogecoin to sell? Here’s everything you need to know about how to sell Dogecoin in this step-by-step guide.

  • Press the “Start” button
  • Enter your mobile phone number
  • Enter the unique identifier code texted to your phone
  • Select the “Sell” option
  • Select the DCM” option
  • Enter the amount you wish to withdraw (in denominations of $20, $50 and $100)
  • Scan the QR code that appears on the DCM screen with the camera function on your mobile wallet app
  • On your DOGE wallet, enter the EXACT amount the DCM is requesting
  • Send the funds to the QR code you scanned
  • Transactions take approximately 10-15 minutes to process on the Dogecoin network
  • Once the transaction has fully processed, you will receive a text message informing you to return to the DCM to withdraw your funds
  • At the DCM, log in with your phone number once again to retrieve the dispensed cash

Keep in mind that we highly recommend using our Coin Cloud Wallet app. This makes the entire process of selling Dogecoin faster and easier.

With the app, you can generate the exact amount of digital currently the DCM is requesting.

You can set up your Dogecoin sale in advance when using the app. Instead of waiting in-person for our DCM to process your sale, you can reserve your cash at the machine of your choice for up to 48 hours.

The Best Place to Sell Dogecoin

Selecting your platform is one of the most important aspects of making trades in a cryptocurrency. You want to look for a platform with low fees and also an interface that’s simple to use. Here’s why Coin Cloud is a top place to sell DOGE.

Coin Cloud is the newest way for crypto-enthusiasts to sell digital currency. Our digital currency machines are physical kiosks that allow users to sell Dogecoin quickly, with transactions taking as little as 10 minutes to complete.

Coin Cloud also believes that collecting a ridiculous amount of information from crypto buyers is unnecessary. That’s why our two-way DCMs don’t require a bank account or an endless amount of personal details. To get started, all you need is a smartphone and some cash.

Our process is not only the fastest and easiest way to buy and sell digital currencies, it’s also the best way for people who do not have credit cards or bank accounts to get involved in cryptocurrency. Plus, we are available for customer support seven days a week should any confusion or questions arise.

We have over 1,600 machines across 48 states, making it super convenient for you to find a machine near you and exchange Dogecoin.

Should You Sell Dogecoin?

There are many reasons to sell DOGE. Figuring out how to sell Dogecoin can help you develop the right strategy for your cryptocurrency portfolio. So, why should you consider selling your Dogecoin now?

  • A lack of competitive advantage over alternatives like Bitcoin and Ethereum.
  • Unlike Bitcoin, there are no limits to the quantity of Dogecoin in circulation to deter large-scale mining operations and hoarding.

None of these reasons make Dogecoin not worth holding. However, it’s well worth considering taking on other coins as part of your holdings. As we saw from tweets by Elon Musk, a single word can cause a spike or a crash in the value of Dogecoin. Remember, DOGE was originally designed as a joke.

Conclusion

If you’ve bought DOGE low and want to sell high, there’s never been a better time to do it. Cryptocurrency exchanges all provide different offerings. Use Coin Cloud to buy and sell your cryptocurrency. With more than 4,000 Bitcoin ATMs and digital currency machine locations across the country, it’s never been simpler to add to and cash in parts of your crypto holdings. Learn more about Coin Cloud and download the free crypto wallet app today.

​​Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.

What is Coin Cloud?

Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,000 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.

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