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How to Buy Dogecoin (DOGE) – A Beginner’s Guide

By: Ofir Beigel | Last updated: 2/8/21

Dogecoin 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:

  1. Get a Dogecoin wallet (Ledger, Exodus)
  2. Locate your Dogecoin address
  3. Find a Doge exchange (Binance, Bitpanda)
  4. Buy Dogecoin
  5. Withdraw your Doge

If Kraken doesn’t work out for you, here are some additional buying options:

Binance
Payment methods:
Credit/debit card, wire, crypto
Bitpanda
Payment methods:
Credit/debit card, SEPA, crypto, SKRILL
Bittrex
Payment methods:
Wire transfer, crypto
Kraken
Payment methods:
Wire, SEPA/SWIFT
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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:

  1. What is Dogecoin
  2. How to buy Dogecoin
  3. Frequently Asked Questions
  4. 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 limitless supply of Dogecoins.

Dogecoin NascarOne 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 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:

Ledger
Type:
Hardware wallet
Overall rating:
Trezor
Type:
Hardware wallet
Overall rating:
Exodus
Type:
Web wallet
Overall rating:
Coinomi
Type:
Mobile wallet
Overall rating:

Dogecoin Hardware Wallets

While being one of the safest wallet types available, a hardware wallet does require an initial investment. For comparison, software wallets are almost always free. The reason hardware wallets are considered safe is because they keep the private key to your Doge offline on a physical device.

The 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 my review about them here. Likewise, the TREZOR One and TREZOR Model T are good options as well (here’s my TREZOR review).

Dogecoin Software Wallets

A 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 MultiDoge. 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 complete Exodus review and you can read my complete Coinomi review here.

Hardcore Dogecoiners can also download the full client for Dogecoin on the official site, 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 Dogecoin Mobile Wallet, 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:

DBXu2kgc3xtvCUWFcxFE3r9hEYgmuaaCyD

Step 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 supported 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 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 (and a handful of other countries) 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 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 my complete Kraken review here.

buy doge kraken

Buy Dogecoin through Changelly

Changelly is one of the few places that will allow you to buy Dogecoin with almost any currency (fiat or crypto). Changelly is a conversion 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 Doge with your credit card).

You can read my Changelly 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 read my full Bittrex 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 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 LocalBitcoins, which let you use PayPal to buy Bitcoin. Then you can transfer the Bitcoin to Changelly and trade it for Dogecoin.

Additional buying options

A number of smaller cryptocurrency exchanges, Exrates, YoBit, and Livecoin, all have DOGE/USD pairs. LiteBit.eu and Bittylicious and Cryptomate offer brokerage services for Dogecoin via EUR or GBP.

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 blockchain that’s maintained by a mining system. The key difference is that Dogecoin uses Scrypt, a different mining algorithm than 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 ASIC miners.

How do I Convert Bitcoin to Dogecoin?

You can use Binance or Bitpanda to exchange BTC to Doge.


4. Conclusion

Dogecoin is an established cryptocurrency that has been around since 2013. It has a passionate community that enjoys fundraising and using Dogecoin to tip other users on Reddit and Twitter.

While this cryptocurrency doesn’t have any significant advantage over other coins, the adoption it mustered throughout the years makes it seem like it’s here to stay.

Have you used any of the above wallets or exchanges? What do you think of Dogecoin? Let me know in the comments below!

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Brian
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Brian

I’m from kenya I’m a first timer how can I deposit cash to dogecoin

Alex
Guest
Alex

A lot of these Brokers need to use ENGLISH to explain fees on Doge. Kraken and Binance not crystal clear or easy to understand on fees! Seems VERY Wall Street to me.

When you buy BTC on Cash App, seems like very simple 3% fee.

Why jump through hoops we don’t understand to buy DOGE?

Crypto Industry has to lose their Wall Street smell if they want us to invest in ETH or DOGE. We want coins,
not lingo or stuff we don’t understand.

Joy Epifora
Guest
Joy Epifora

Please, is there anyone here who is trading cryptocurrencies successfully while using an exchange app that is easy to set up and use, accepts USD and debit/credit cards, and has low trading fees? Is your wallet a software or hardware wallet? If so, do you have problems sending the coins to your wallet or cashing out? So far, it’s been a painful experience trying to get set up to trade cryptocurrencies. Seems like common sense is missing from parts of each equation. Thank you.

Julio
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Julio

I bought doge in Binance and sent to my mob wallet with no problem at all….

Henry Ohanu
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Henry Ohanu

Please i want to know is changelly a legit site to purchase bitcoin and dogecoin

Namiko Z. Hart
Guest
Namiko Z. Hart

I bought some Dogecoin in 2018 from Flyp-me. I created a dogecoin paper wallet back then but didn’t get around to putting my dogecoins in my paper wallet. So now i cannot figure out how to get these dogecoins into my wallet from that transaction. i’ve researched it for days now & am not comprehending how to do it…i’m older & not so tech savvy but am trying to learn…any suggestions?

irving j bissell
Guest
irving j bissell

very unclear on how to get address– do we make up the address or does someone send you one?

Jack
Guest
Jack

Why would this increase in value if there is an unlimited supply?

Hannah
Guest
Hannah

I have installed and set up my MultiDoge wallet for keeping my Dogecoin, so the next step was to actually buy some. I want to use a credit/debit card since that seems to be the easiest/fastest method. I heard that Changelly was an easy site to use – I put in my wallet address and all my information, only for Changelly to say that Dogecoin is not available in my area? I live in Ohio in the United States so it seems unlikely that it would be unavailable for me to buy because of my location. Has anyone had the… Read more »

Bojan
Guest
Bojan

Tried to buy dogecoin today. Paid 100$ on Changelly, and all hell broke lose: didn’t receive any coin, money paid is held between bank and indacoin.com, doge coin became delisted on Changelly and then received notification in my doge coin wallet that high demand will delay all transactions with doge coin with another notification that doge coin wallet is going under systematic maintenance and in short time it will be back on. After contacting Changelly through the mail, and then contacting indacoin.com got money reversed to my bank account 2 hrs later. I am not sure if this is happening… Read more »

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