How to exchange Dogecoin (DOGE) to Bitcoin (BTC)
Features of Dogecoin to BTC exchange
BestChange allows you to exchange Dogecoin memcoin for Bitcoin in several different ways.
The first exchange option is the leading Bitcoin network (Bitcoin BTC). This is a relatively common and reliable method, as the Bitcoin network is considered one of the safest for storing and using cryptocurrency.
The second option is to use Lightning Network (Bitcoin LN) payment channels. The LN network makes fast Bitcoin payments, which makes it suitable for users who need to save money on transactions.
The third option is to exchange Dogecoin for wrapped Bitcoin tokens on the Ethereum (Wrapped BTC or WBTC) and BNB Smart Chain (BTCB) networks. These blockchains provide smart tokens, so wrapped bitcoins are available for DeFi income generation (liquidity mining, pharming, liquid steaking, lending, and so on).
The next feature concerns the original Bitcoin network. If a user chooses this method of exchange, you should know that the Bitcoin blockchain uses 4 main types of addresses.
- Obsolete or Legacy addresses (P2PKH). This address format is less standard, but users and exchange services still use it to receive BTC without restrictions. Legacy addresses start with one and look like this: 15mraL4so92bYFfxadC9dx97xmteUbke9i;
- SegWit or Script addresses (P2SH). A modernized format of Legacy addresses that allowed less spending on commissions on the Bitcoin network. SegWit addresses are similar to legacy addresses but always start with the number "3": 37wozhbxyCMZHhrQnrVcKJ9ud3KC7haiJY;
- Native SegWit or Bech32 addresses (P2WPKH). An improved and new address format will further reduce commission costs and increase transaction speeds. Addresses of this type start with "bc1q" and look like this: bc1qdql5qy4y5u3qtlf589053ec5xdycdrwyun63r6qj0365cucerszsa4ckwn;
- Taproot addresses (P2TR). This type of address provides more flexibility and privacy for transactions. It is the newest at the time of writing, but it is not yet universally supported by wallets and exchanges. Taproot addresses always start with the characters "bc1p": bc1pmt5avuurgfk5l7d20r56mgwlv2t3rh7ctu29dv42lang9rdsl99scrtuku.
How to exchange Dogecoin for Bitcoin: instructions
The first step is to find and choose a suitable exchange office. On the left of the exchange table on the BestChange website, you must select Dogecoin (Doge) cryptocurrency.
In the right part, one should choose one of the options to receive Bitcoin, taking into account which network the user wishes to receive the cryptocurrency (Bitcoin, LN, Ethereum, or BSC).
Once the user has selected the desired exchange direction, the BestChange website will display all relevant exchangers. By default, the exchangers in the list are sorted by conversion rate, starting with the most attractive one for the user.
The table that appears contains all the necessary information about the exchangers, including limits, service mode, specific features, and so on. If the user has decided on an exchanger, it is possible to proceed to the next stage — creating an application.
To send an exchange request, the user needs to click on the name of the exchange office, which will take him to its website. In the provided form, all the necessary information must be specified. At a minimum, the user must provide the address of the Bitcoin wallet to which they want to receive the cryptocurrency and an email to receive a check after the transaction is completed.
Before sending an application for exchange, agreeing to the terms of service is necessary, it is worth considering that some exchangers may request personal information about the user to verify identity.
After sending the application, the exchanger will send the cryptocurrency wallet address to which the user needs to transfer the DOGE cryptocurrency. The exchanger must be informed about it as soon as the user transfers Dogecoin. It should be noted that exchangers can confirm the transfer automatically, but if the service works in manual mode, you will need to wait a few minutes.
Once the exchanger sends the cryptocurrency to the user's BTC address, it must provide the transaction hash, which can be used to track the current status of the transaction in browsers: OKLink, Mempool.space, or BTC.com. It is worth bearing in mind that in the Bitcoin network, transactions are confirmed within a few minutes or even hours based on the current load of the blockchain network.
If you have questions or disputes, you can send a request to the exchanger's support team or BestChange. After the user completes the transaction, he or she can leave a review of the exchanger's work on the BestChange website — this will help other people when choosing an exchanger.
