How to Buy Dogecoin (DOGE) – A Beginner’s Guide
By: vai de bet:Alexander Reed | Last updated: 2/21/24
is one of the oldest cryptocurrencies around. While it started out as a joke, it quickly gained a lot of traction and a loyal community. In this post, I’ll explain a bit about what Dogecoin is and how you can buy it online.Don’t like to read? Watch Our Video Guide Instead
How to Buy Dogecoin Summary
Here’s how to buy Dogecoin:- Get a Dogecoin wallet (Ledger, Exodus)
- Locate your Dogecoin address
- Find a Doge exchange (Binance, Bitpanda)
- Buy Dogecoin
- Withdraw your Doge
eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volat✱ile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. That’s how to buy Dogecoin in a nutshell. If you want a more detailed explanation about Dogecoin and how to buy it keep on reading, here’s what I’ll cover:- vai de bet:What is Dogecoin
- vai de bet:How to buy Dogecoin
- vai de bet:Frequently Asked Questions
- vai de bet:Conclusion
1. What is Dogecoin?
Dogecoin was created in December 2013 by Billy Markus, a programmer from Portland, Oregon. Initially introduced as a joke cryptocurrency, Dogecoin (DOGE) gained a large online following and is now a very popular cryptocurrency. It is also well known for its meme-inspired logo of a Shiba Inu dog.The original plan was to limit Dogecoin to 100 billion coins. However, it was later decided that there would be a vai de bet:limitless supply of Dogecoins.
One of the greatest strengths of Dogecoin lies in its passionate community, who have done a great deal of fundraising. Notably, supporters raised money to send the Jamaican bobsled team to the Sochi Winter Olympics as well as to vai de bet:sponsor NASCAR driver Josh Wise.
Dogecoin is also used as a form of tipping by the community on platforms such as Reddit and Twitter.2. Buying Dogecoin in 3 simple steps
Step 1 – Get a Dogecoin Wallet
There’s no shortage of options when it comes to Dogecoin wallets. There are different types of wallets for you to consider, and each wallet can vary in terms of features, usability, and security. Here are the most popular Doge wallets around:
Dogecoin Hardware Wallets
While being one of the safest wallet types available, a vai de bet:hardware wallet does require an initial investment. For comparison, software wallets are almost always free. The reason hardware wallets are considered safe is becau🌳se they keep the private key to your Doge 🦩offline on a physical device.
The vai de bet:Ledger Nano S and the Nano X are very popular choices which support not only Dogecoin but over 1000 different crypto assets, you can read vai de bet:my review about them here. Likewise, the vai de bet:TREZOR One and vai de bet:TREZOR Model T are good options as well (vai de bet:here’s my TREZOR review).
Dogecoin Software Wallets
A vai de bet:software wallet will store the private key to your Doge on your device whether it be a mobile phone, a desktop computer or a laptop. 🦹These wallets might be vulnerable to malware, so be sure to take the necessary precautions and only download official or ♌highly recommended wallets.
You can choose a Doge-specific wallet such as . This is a wallet available for Windows, Mac, and Linux. Alternatively, you could use a multi-currency wallet such as Exodus or Coinomi. Here is my vai de bet:complete Exodus review and you can read vai de bet:my complete Coinomi review here.
Hardcore Dogecoiners can also download the full client for Dogecoin on , however, this is not recommended for beginners (or if you don’t know what a full client is). For Android mobile devices, there’s the official which generally has favorable reviews from users. Unfortunately, there’s no such version for iOS.Locate your Doge address
Once you have your Dogecoin wallet it’s time to get your Dogecoin address. A Dogecoin address is a long string of letters and numbers that starts with a capital D followed by a number or another capital letter. Here’s an example: DBXu2kgc3xtvCUWFcxFE3r9hEYgmuaaCyDStep 2 -Find a Doge Exchange
Surprisingly enough, Dogecoin doesn’t receive much support when it comes to finding a reputable exchange to purchase it on. Only a handful of vetted exchanges supply an option for purchasing Doge with Dollars or Euros. Here are the most reputable exchanges that allow you to buy Doge:Buy Dogecoin through Binance
Binance, is a leading cryptocurrency exchange that supports the purchase of over 200 cryptocurrencies. The exchange has been around since 2017, is support🐎ed worldwide and allows users to buy Doge with a variety of traditional currencies and payment methods.
All you need to do is go to the exchange’s website, click on “Buy Crypto” on the top navigation bar and choose your payment method, as shown below. You can read vai de bet:my complete Binance review here.
Buy Dogecoin through Bitpanda
Bitpanda is an Austrian exchange that was founded in October 2014. Bitpanda allows residents of the EU () to buy Doge and other cryptocurrencies through a variety of payment methods (Neteller, Skrill, SEPA etc.). The daily limit for verified accounts is €2,500 (€300,000 🦹monthly) for credit card purchases. For other payment options, the daily limit is €10,000 (€300,000 monthly).
Buy Dogecoin through Uphold
Uphold is a New York-based platform that offers trading for cryptocurrencies including Dogecoin, commodities, equities and fiat currencies. You won’t find any fancy crypto features like lending or staking on Uphold, but you’ll be able to easily fund your account with a bank card or bank deposit and get started right away following verification.
While there are no trading fees on Uphold, there are hidden spreads for each trade, so make sure you know how much you’re paying before you make any trade on the platform.You can vai de bet:read our complete Uphold review here.
Buy Dogecoin through eToro
eToro – If you’re only interested in making a profit over Dogecoin’s price changes and you’re not into actually owning the coins, eToro is probably the easiest and cheapest option. The company offers a friendly and intuitive UI to help you exchange DOGE for fiat currency (USD, EUR, etc.).
Due to their , eToro is less recommended for accessing and using the actual coins. So, if you’re using eToro for investment only you can skip step 1 of getting a Dogecoin wallet, as you won’t be using the coins you’ll buy.
eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); wh💛ich is highly volatile, unregulated in most EU countries, no EU protections ෴& not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.Buy Dogecoin through Kraken
Kraken, Founded in 2011, the US exchange allows you to deposit funds via a credit card or a wire transfer. Users in Europe can benefit from the fast and free SEPA deposits. Once the funds are in your account you can easily buy Doge using the “Buy Crypto” tab in the exchange’s top navigation bar.
It’s important to note that Kraken uses the XDG ticker symbol for dogecoin and not the DOGE ticker symbol which is widely accepted on most exchanges. You can read vai de bet:my complete Kraken review here.
Buy Dogecoin through Changelly
vai de bet:Changelly is one of the few places that will allow you to buy Dogecoin with almost any currency (fiat or crypto). Changelly is a convꦕersion service that works relatively quick and doesn’t require anything more than an email to sign up. The downside is that it can take up a lot in fees (especially if you buy Dogꦅe with your credit card).
You can vai de bet:read my Changelly review here.
Buy Dogecoin through Gemini
Gemini is an e🌳xchange based in New York, most well-known for being founded by the Winklevoss twins. Traders on Gemini can make instant purchases using a bank card, or deposit fiat currency using wire transfers or ACH.
To make a purchase, click “Dogecoin” on the dashboard under “Markets”, enter the amount that you wish to purchase, then click “Review Order” to check the purchase details before finalizing.You can read vai de bet:my complete Gemini review here.
Buy Dogecoin through Bittrex
Bittrex is a US based cryptocurrency exchange that has grown in popularity in recent years. It offers a DOGE/BTC pair similar to Kraken. This means that you will need to either buy Bitcoin or deposit Bitcoin in order to exchange it for Doge. You can vai de bet:read my full Bittrex review here.
Buy Dogecoin through Coinbase
Coinbase is a regulation-friendly US-based cryptocurrency exchange, which has been around since 2012. It is also one🦩 of the only publicly-traded crypto exchanges in America.
Users can buy cryptocurrency on Coinbase easily using a linked credit card or bank account. Simply click the blue “Buy/Sell” button at the top of the dashboard, select the required coin in the dropdown menu, and enter the amount that you wish to purchase. You can read vai de bet:my complete Coinbase review here.
How to Buy Dogecoin with a Credit Card or Debit card
The easiest way to buy Dogecoin with a credit card would be through vai de bet:Binance’s “Buy Crypto” section. Be aware that purchases with a credit/debit card usually have higher fees than with a bank transfer, but are also processed faster. If Binance doesn’t work out you can always use Kraken as another reputable option.
How to Buy Dogecoin with PayPal
There are very few cryptocurrency exchanges that accept PayPal payments. For this reason, there are no options when it comes to buying Dogecoin with PayPal. However, you can use vai de bet:LocalCoinSwap, which let you use PayPal to buy Bitcoinꦜ. Then you ca🍸n transfer the Bitcoin to Changelly and trade it for Dogecoin.
Additional buying options
A number of smaller cryptocﷺurrency exchanges, , and, all have DOGE/USD pairs. and and offer brok☂erage services for Dogecoin via EUR.
Remember, it’s always worth checking out reviews of cryptocurrency exchanges before signing up and buying.Step 3 – Withdraw your Dogecoin
It’s always sensible to store your cryptocurrency in a wallet rather than on an exchange. This reduces the risk of your cryptocurrency being lost or stolen. So don’t forget to withdraw the Doge you’ve bought out of the exchange and into your own wallet using the address you got in step 1. If you keep your Dogecoins on the exchange, you’ve basically given up the control of the coins—if the exchange gets hacked or goes bankrupt, you may end up losing them.3. Frequently Asked Questions
Is Dogecoin on Coinbase?
No, Dogecoin is not listed on Coinbase.Can I Mine Dogecoin?
Yes you can mine Dogecoin. Like Bitcoin, Dogecoin has a vai de bet:blockchain that’s maintained by a mining system. The key difference is that Dogecoin uses Scrypt, a mining algorithm that is different from vai de bet:Bitcoin’s SHA-256. Originally, the Scrypt algorithm was designed to be ASIC-resistant; however, by now, ASIC manufacturers found a way around that, so it is only profitable nowadays to mine Dogecoin with vai de bet:ASIC miners.
How do I Convert Bitcoin to Dogecoin?
You can use Binance or Bitpanda to exchange BTC for Doge.
I fear this is a silly question, but:
Ok, I get a wallet and buy $1000 woth of bit coin today on an exchange. I transfer it into my wallet. Next week I want to purchase plane tix with bitcoin in wallet. How do i know what its worth? Is it always going to be the $1000 or does it fluctuate with daily market? For example, i have $1000 cash in wallet. Next week its still basically can purchase $1000 worth of goods. Not really scared about market crashing in that week. Sorry…I just cant figure this last piece out! Thanks!
Hello,
So, if the market favors you, you will be able to pay for the ticket and keep some change.It is an excellent question 🙂
The coins in your wallet will remain the same. If you have 0.025 BTC, it will remain as 0.025 BTC in the wallet, no matter the price fluctuations.
If the coins are worth $1000 today, and the price goes up tomorrow, the coins would be🀅 worth MORE than $1,000 tomorrow. If the price drops, then the coins will also be worth less than $1k.
Here is a link that may help you:
1)