“How to Buy Dogecoin (DOGE).” Investopedia, https://www.investopedia.com/how-to-buy-dogecoin-doge-7370204.
“Dogecoin White Paper.” Dogecoin Official Website, https://dogecoin.com/dogecoin_whitepaper.pdf.
“Best Wallet for Dogecoin.” Best Wallet Official Website, https://bestwallet.com/en/how-to-buy/buy-dogecoin.
“Buy Dogecoin with Kraken.” Kraken Official Website, https://www.kraken.com.
“Buy Dogecoin with eToro.” eToro Official Website, https://www.etoro.com.
“Buy Dogecoin with OKX.” OKX Official Website, https://www.okx.com.
“Buy Dogecoin with MEXC.” MEXC Official Website, https://www.mexc.com.
“Buy Dogecoin with Binance.” Binance Official Website, https://www.binance.com.
“Ledger Nano S and Nano X Review.” Ledger Official Website, https://www.ledger.com.
“Trezor Safe 3 and Safe 5 Review.” Trezor Official Website, https://trezor.io.
“How to Buy Dogecoin with Changelly.” Changelly Official Website, https://changelly.com.
“Exodus Wallet for Dogecoin.” Exodus Official Website, https://www.exodus.com.
How to Buy Dogecoin Guide: Steps & Exchanges
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Dogecoin (DOGE) started as a Bitcoin-spinoff joke in 2013. However, it ended up becoming one of the top cryptocurrencies. Billy Markus and Jackson Palmer created DOGE without knowing that its meme-inspired branding would turn into its strength, attracting a large community. The meme coin gained support from figures like Elon Musk, with Dogecoin becoming ‘the people’s currency’.
If you’re wondering how to buy Doge, the process is quite easy. Start by creating an account on a reputable cryptocurrency exchange—many of the best Doge exchanges, include Binance, eToro, and Kraken. After setting up and verifying your account, you’ll be ready to purchase DOGE in a few more steps. Don’t worry, we’ll walk you through the entire process.
How to Buy Dogecoin Summary
Buying Dogecoin (DOGE) involves setting up a secure wallet, selecting a reputable exchange, and completing your purchase. Here’s how to buy Dogecoin:
- Get a Dogecoin wallet: Choose a wallet that ensures safe storage (Best Wallet, Ledger).
- Locate your Dogecoin address: Setting up your wallet will be followed by getting a unique wallet address.
- Find the best Doge exchange: An exchange will let you buy and sell your DOGE (Best Wallet, Binance, OKX).
- Buying Dogecoin: Choose the payment method that works for your purchase.
- Withdraw your Doge: You can withdraw your purchase from the exchange to your personal wallet.
Our top picks for buying 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 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. Take 2 mins to learn moreThat’s how to buy Dogecoin in quick steps. If you want a more detailed explanation about Dogecoin and how to buy it, keep reading.
Key Highlights: How to Buy DOGE
- Dogecoin (DOGE) was the first meme coin that was created in 2013 and gained popularity for its lighthearted approach.
- Dogecoin now enjoys a dedicated community with increasing retail and institutional adoption.
- The Bitcoin spinoff has no maximum supply or a coin-burning mechanism to control inflation.
- To buy Doge, users need a secure wallet and access to one of the best Doge exchanges.
Securing your Dogecoin in a trusted wallet protects investments from exchange-related risks.
How to Buy Doge: Best Exchanges
As Dogecoin has become one of the most successful and long-standing cryptocurrencies in the industry, there is no shortage of top-tier exchanges that support DOGE. The best Doge exchanges not only offer competitive fees and seamless payment options but also prioritize security and reliability. Have a look at this video to understand how to buy DOGE in 2 minutes.
If you want to buy Doge, first we will have to touch upon different types of wallets for you to consider. Since each wallet can vary in terms of features, usability, and security.
Here are the most popular Doge wallets around:
Best Wallet
Our #1 pick for the best Dogecoin wallet is Best Wallet. Best Wallet is a multi-asset wallet that not only supports the safe storage of cryptocurrencies such as Doge, but the built-in DEX aggregator also provides a seamless way to buy, sell, and swap cryptocurrencies directly within the wallet.
As a software wallet, Best Wallet will store the private key to your Doge on your devices. It includes your mobile phone, desktop computer, and laptop.
Pro tip: Software downloads might be vulnerable to malware, so be sure to take the necessary precautions and only download official or highly recommended wallets.
After reviewing dozens of wallets over the years, Best Wallet has found a place in our lineup of top picks as we found the ability to buy and securely store crypto in the same application is not only convenient but more secure as users do not need to open themselves up to third-party risks by using cryptocurrency exchanges. And the best part? It’s free!
How to Buy Dogecoin with Best Wallet
Users need to visit the App Store or Play Store and search for Best Wallet to get started. We have attached the official link so that you can download and install the app on your device directly.
- Set Up Your Wallet
- Open the app and sign up using your email address or Google/Apple account.
- Best Wallet uses web3 authorization and will ask users to set up two-factor authorization at this stage to secure their accounts.
- Set up a password and you’re done.
- Add Funds to Your Wallet
- Use your credit card, debit card, or bank transfer to add funds directly in the app.
- Alternatively, you can swap your existing cryptocurrencies for DOGE in your Best Wallet address.
- Access the Buy Feature
- Navigate to the “Buy” section in the app that is secured through the security of Onramper.
- Apart from DOGE, users can explore the list of crypto options available for purchase and sell.
- Complete Your Purchase
- Check that the amount of Dogecoin you want to buy is entered correctly.
- Review the transaction fees as Best Wallet doesn’t charge any other additional fees.
- Your Dogecoin will be available in your wallet immediately after the transaction is processed.
Apart from Best Wallet, Exodus is an another multi-currency wallet. There is also the ability to choose a Doge-specific wallet such as MultiDoge. This is a wallet available for Windows, Mac, and Linux. 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). Let us give you a list of features that made Best Wallet our pick.
Best Wallet Key Features
Here we have summarized the key features of Best Wallet so that you have all the information you need at a glance.
Feature
Benefits
Wallet Type
Non-custodial multi-chain wallet with user-controlled private keys
Supported Blockchains
Over 60 networks, including Bitcoin, Ethereum, Solana, BNB Chain
Custom Tokens
Allows users to manually add tokens from supported networks
Built-in DEX
Enables instant, cost-effective crypto swaps and cross-chain trading
Security Features
Two-factor authentication (2FA), biometrics, encrypted private keys, and third-party insurance
Fiat On-Ramp/Off-Ramp
Buy and sell cryptocurrencies with credit cards, e-wallets, or bank transfers (KYC required)
Portfolio Management
Real-time price tracking, portfolio valuation, and sub-portfolio creation
Staking
Aggregator for passive income by providing rewards on Best Wallet balance
Advanced Tools
NFT gallery, market analytics, staking tools, stop-loss orders
Upcoming Features
The wallet will include a Visa-based prepaid debit card
Fees
Free to store and receive crypto; network fees for transactions; fee-free swaps on DEX
Device Compatibility
iOS and Android apps; browser extension in development
$BEST Token
Earn rewards in native token through tasks and airdrops
User Experience
Beginner-friendly with guided setup and intuitive interface, advanced features for experts
Best Wallet Pros and Cons
- Recognized as the overall best decentralized crypto wallet app, it’s free to download and use, making it accessible for beginners and experts.
- Provides biometrics, multi-factor authentication, and advanced security tools to protect your funds.
- Supports 60+ blockchains, custom tokens and with in-app token swaps available without markups on its DEX.
- The wallet is available only as Android and Apple mobile app with desktop application under progress.
- Some advanced tools, such trending tokens, market sentiment, and real-time updates, are still under development.
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, buying $DOGE with 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 relatively complicated withdrawal process, 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.
Visit eToroFrom the US? Unfortunately, you can only invest in Bitcoin, Bitcoin Cash, and Ethereum. Be sure to sign up for eToro US
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 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. Take 2 mins to learn moreHow to Buy Dogecoin with eToro
eToro began services in 2007 and allows trading of DOGE and almost all other cryptocurrencies in one platform. We will now explain how to use eToro to buy Dogecoin, that include details like account creation, funding, and purchasing.
- Sign Up for eToro
- Visit the eToro website and click on “Join eToro” button. You can also download the app.
- Register for an account using your email or link an existing account.
- Verify Your Identity
- Complete the identity verification by entering your personal details.
- Upload necessary documents to complete the mandatory Know Your Customer (KYC) process.
- Fund Your Account
- Deposit funds into your eToro account using a debit/credit card or bank transfer.
- Review the exchange rate in fiat currency and ensure you have sufficient balance for your Dogecoin purchase.
- Search for Dogecoin (DOGE) on eToro
- Go to the trading page and use the search bar to find Dogecoin.
- Click on the “Trade” or “Order” button to start your purchase.
- Complete the Purchase
- Enter the amount of DOGE you wish to buy and confirm the transaction.
- You can also use a stop loss or take profit level on eToro.
eToro Key Features
For a simple comparison, let’s look at a what features does eToro offer:
Feature
Details
Platform Type
Multi-asset trading platform with cryptocurrency support in different languages
Regulated
Yes, fully regulated in several jurisdictions like UK, Australia, Seychelles, Europe
Social Trading
Allows copying trades from experienced investors
Supported Cryptocurrencies
Bitcoin, Ethereum, Dogecoin, and over 40 other cryptocurrencies
Payment Methods
Credit card, debit card, Webmoney, Skrill, bank transfers etc.
Trading Fee
1% fee on crypto trades (buying and selling)
Other Fees
Inactivity and withdrawal fees may apply based on region
Supported Countries
eToro is regulated in at least 70 countries (doesn’t support US citizens residing outside)
Wallet Type
eToro Money Wallet is a non-custodial hot wallet
Customer Support
Around-the-clock customer support in multiple languages
Unique Features
CopyTrading, regulated platform, user-friendly interface
Mobile App
Available on iOS, Android and website
- User-friendly platform suitable for beginners.
- Regulated in multiple jurisdictions (e.g., FCA, ASIC, FinCEN).
- Social trading feature allows copying trades from experienced investors.
- Supports multiple payment methods, including credit cards, PayPal, and bank transfers.
- Wide range of supported assets, including cryptocurrencies, stocks, and commodities.
- Mobile app available for on-the-go trading.
- Charges a 1% fee on both buying and selling cryptocurrencies.
- Withdrawal fees ($5) and inactivity fees ($10/month after 12 months).
- Limited cryptocurrency options for U.S. users.
- Advanced trading tools may not meet the needs of experienced traders.
- Not available in all countries.
Margex
Margex established itself as a crypto derivatives trading platform in 2019. It supports perpetual futures with up to 100x leverage and minimal margin requirements. The best part of Margex is designed for both beginner and advanced traders.
The platform has a competitive trading fees and user-friendly interface. It has two apps, one for advanced trading tools like copy trading. However, it is not allowed in the US and a few other countries with tougher regulation on cryptocurrencies.
How to Buy Dogecoin with Margex
- Create a Margex Account
- Visit the Margex website and click “Sign Up.” It is best to download the iOS and Android app from the website.
- Enter your email and create a password, then verify your email address by accepting that the platform is not restricted in your country.
- Fund Your Account
- Navigate to the “Wallet” section and click “Deposit” next to DOGE.
- If depositing fiat currency, use a third-party provider like Changelly, ChangeNOW or Uniramp to purchase crypto with a VISA or Mastercard.
- Go to the Trading Dashboard
- Click on the “Trade” tab to access Margex’s trading interface.
- Search for Dogecoin (DOGE) and select the desired order parameters.
- Choose Your Leverage and Place an Order
- Set your desired leverage (up to 100x) and select your order type (limit or market).
- Enter the amount of DOGE you wish to trade and confirm the transaction.
- Monitor and Manage Your Position
- Use Margex’s customizable charting tools to monitor your DOGE position.
- Stay aware that users will be required to complete verification procedure of third-party providers for future purchases.
Margex Key Features
Let’s quickly look at the features of DOGE purchase on Margex:
Feature
Benefits
Platform Type
Crypto derivatives trading platform
Supported Markets
36 perpetual futures, including DOGE/USD
Leverage
Up to 100x
Trading Fees
Limit orders: 0.019%, Market orders: 0.06%
Copy Trading
Mirror trades of experienced derivatives traders
Demo Trading
Risk-free realistic trading experience for new users
Margin Requirements
Minimum of 1% but may vary by trading pair and region
Security
100% funds in cold storage, 2FA, SSL encryption
Mobile App
Available on iOS and Android; ‘Margex app’ for traders ‘Copy trading app’ for followers
Fiat Onramp
Supports debit/credit card deposits via third-party providers
Customer Support
24/7 live chat and email support
Margex Pros and Cons
- Offers up to 100x leverage and low margin requirements.
- Accounts funded with crypto require only an email to set up, allowing for anonymous trading.
- Funds are stored in cold wallets, with additional safeguards like 2FA and SSL encryption.
- Margex does not offer spot trading, meaning you can’t directly own crypto assets.
- Withdrawals are processed only once daily, which may not suit urgent needs.
- The platform is restricted in the US among some other regions.
- While secure, Margex operates without government licenses, which might concern some users.
OKX
OKX has quickly become one of the most popular crypto exchanges in the industry thanks to their fantastic asset support, high-security measures, beautifully designed UI/UX and their innovative OKX wallet.
OKX is among the leading exchanges leading the Web3 charge and is focused on providing users with streamlined and easy access to all things decentralized, such as NFTs, GameFi, DeFi and more.
You can see why OKX is one of our favorite exchanges in our detailed OKX Review.
Visit OKXHow to Buy Dogecoin with OKX
- Create an OKX Account
- Visit the OKX website, enter your phone or email to sign up
- OKX’s native wallet is integrated with the OKX exchange, you can connect them here.
- Complete KYC and Desposit Funds
- If you plan to use fiat payment methods, complete the KYC process by uploading a valid ID and proof of address.
- Navigate the crypto section and choose your preferred funding method. OKX brokerage supports over 90 fiat currencies.
- Place Order for Dogecoin (DOGE)
- OKX allows express purchase of popular crypto like DOGE in simple steps.
- Select the DOGE trading pair (e.g., DOGE/USDT or DOGE/USD).
- Place Your Order
- Enter the amount of DOGE you want to purchase and confirm the order.
- Be aware that OKX can have a daily withdrawal limit.
- Store Your DOGE Securely
- Transfer your purchased DOGE to multi-signature OKX Wallet for security.
- Alternatively, keep it in your OKX account if you plan to trade frequently.
OKX Key Features
Let’s review the key features that made OKX one of our picks.
Feature
Benefits
Spot Trading
Buy and sell over 350 cryptocurrencies with competitive fees for 600+ trading pairs.
Margin Trading
OKX offers up to 10x leverage for trading on spot markets.
Futures and Derivatives
OKX allows trading bot strategies, futures contracts, perpetual swaps, and options trading.
OKX Wallet
The OKX native self-custodial wallet lets users toggle smoothly between the exchange.
OKX Earn
Participate in savings, staking, and mining pools to earn rewards and interest on crypto holdings.
Web3 Integration
Connect to decentralized applications (DApps) and manage DeFi portfolios via the OKX Web3 Wallet.
Smart Account
Utilize account abstraction features like gas payments with stablecoins and social recovery options for enhanced security and usability.
Mobile App
Access the platform’s full functionality on the go with a user-friendly mobile application.
Security Measures
The wallet ensures security with two-factor authentication and multi-signature technology.
Customer Support
OKX offers a comprehensive support center
OKX Pros and Cons
- The OKX Wallet has a modern interface for simple navigation.
- OKX supports transactions for over 300,000 tokens, utilizing advanced routing algorithms.
- The wallet integrates centralized and decentralized finance options, enabling staking, yield farming, and other services.
- Support for over 70 blockchains and advanced security measures.
- Slow response times from customer support as per some users.
MEXC
MEXC’s global presence has grown rapidly. The platform is known for its competitive fee structure and advanced trading tools with the differentiating factor being high liquidity! MEXC is a good option for both beginners and advanced traders. With features like copy trading, simple trading mode, 200x leverage in futures trading, and staking opportunities, MEXC might just be the comprehensive option. However, it faces legislative limitations in some regions, including the US and India.
How to Buy Dogecoin with MEXC
MEXC Exchange can offer a seamless process to purchase Dogecoin (DOGE) on the MEXC website or app. Here’s what you have to do:
1. Create a Free Account
Create an account on MEXC and complete the KYC verification process on the website or app.
2. Choose Your Preferred Payment Method
To buy DOGE, click on the “Buy Crypto” option on the MEXC website or app. Select a payment method that suits you best:
- Credit/Debit Card:
- MEXC supports Visa and MasterCard for easy and secure transactions.
- P2P Trading:
- Purchase DOGE directly from other users through MEXC’s peer-to-peer (P2P) trading service, secured by escrow.
- Global Bank Transfer:
- Deposit USDT via SEPA or other banking services, then trade USDT for DOGE on the spot market.
- Third-Party Payment Services:
- Utilize services like Simplex, Banxa, or Mercuryo for additional payment flexibility.
3. Store or Use Your DOGE
- Store It:
Keep your DOGE secure in your MEXC wallet. - Trade It:
Use DOGE to trade for other cryptocurrencies. - Stake It:
Users can stake DOGE using MEXC’s earning products to earn passive income.
MEXC Key Features
MEXC has a diverse selection of offerings with robust safety. Let’s look at what makes it stand our for buying DOGE in 2024.
Features
Benefits
Global Accessibility
Available worldwide with web and mobile platforms across 170+ countries.
Diverse Selection of Crypto
Over 2,800 cryptocurrencies and 2,900 trading pairs, including DOGE.
Competitive Fee Structure
Enjoy zero maker fees and a 0.02% taker fee for spot and futures trading.
Fast Listings
Voting-based listing allows community involvement, faster listing and enhance liquidity.
Advanced Trading Options
Spot and futures trading with leverage up to 200x, stop-loss, trailing stop, and trigger orders.
Robust Security Measures
Two-factor authentication, cold storage for assets, encryption, and proactive security audits.
User-Friendly Platform
Easy-to-navigate interface suitable for both beginners and experienced traders.
High-Speed Trading Engine
Capable of processing up to 1.4 million orders per second for fast and efficient trading.
Tutorials and Resources
Access step-by-step guides and video tutorials for beginners.
Extensive Earning Products
Stake or earn passive income through savings, Kickstarter, and other earning products.
MEXC Pros and Cons
- Maker-taker fee model allows for cost-effective trading.
- Supports margin trading, futures, and multiple order types like stop-loss and limit orders.
- Wide range of supported assets, including cryptocurrencies, stocks, and commodities.
- Intuitive design suitable for both beginners and experienced traders.
- Legislative limitations in several regions like the US.
- Limited customer support and some users complain of delayed responses in case of issues.
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. Check out our Binance review to learn more.
Visit BinanceHow to Buy Dogecoin with Binance
As the largest crypto exchange by volume, Binance offers both liquidity and choice in offerings. Let’s look at how to buy DOGE on Binance. Note: New and returning users have to verify their identify and sometimes the process can take up to 15 minutes. Therefore, it is best to incorporate that time.
Binance Key Features
We made a table summarizing the features of the Binance Web3 Wallet for a comparison. Have a look!
Features
Benefits
Self-Custody
Full control over your funds and assets.
Decentralized Finance (DeFi) Gateway
Enables interaction with dApps, earning yields, and seamless token management across blockchain platforms.
Seamless Integration
Integrates with Binance, the largest exchange by volume.
Multi-Party Computation (MPC) Security
Uses MPC technology to store three key-shares in different locations, reducing single points of failure.
Quick Wallet Creation
Allows wallet setup in seconds without seed phrases or private keys, directly through the Binance app.
Cross-Chain Token Swaps
Facilitates token swaps across multiple blockchains with Binance Bridge integration for competitive prices.
Token Sending
Enables easy transfers with recipient address input, ensuring network compatibility to avoid asset loss.
Token Receiving
Generates a QR code and token address for secure and efficient token receipt.
Cloud and Device Encryption
Key-shares are stored in cloud and device locations with encryption for additional security.
Single-Click dApp Access
Provides effortless exploration of decentralized applications with a simple, user-friendly interface.
Binance Pros and Cons
- Competitive maker and taker fees.
- Advanced features like like spot trading, margin trading, and multiple order.
- High liquidity offers a safety net.
- Robust security suitable for both beginners and experienced traders.
- Ongoing legal issues and restrictions in multiple countries.
- Binance recommends Trust Wallet for storage which is not built in.
Understanding Dogecoin: The Basics
What is Dogecoin?
Dogecoin (DOGE) is a decentralized, open-source cryptocurrency that originated as a joke in 2013. However, in [cur-year], the meme coin is not considered a Bitcoin parody anymore. Billy Markus and Jackson Palmer created the Bitcoin spin-off to operate similarly to Bitcoin. It using a proof-of-work consensus mechanism and champions a Shiba Inu dog.
Why Dogecoin gained popularity
The meme coin market is now filled with DOGE spin-offs. But, Dogecoin’s USP is now its community, making it the OG meme coin. It gained traction for its simplicity and low transaction costs, making it particularly popular for microtransactions, tipping creators online, and small-scale peer-to-peer transfers.
Tesla chief Elon Musk, who is fondly called the ‘DOGEFather,’ played a major role in its popularity. His statements about DOGE prospects as a ‘people’s currency’ sparked its surge in the past. Over time, Dogecoin has now a payment method on several merchant pages, payment gateways and shops, further legitimizing its use case.
Doge Tokenomics
Bitcoin’s maximum supply is capped at 21 million coins, but Dogecoin doesn’t believe in limits.Without a maximum supply, new Dogecoin is constantly being minted. This means there’s always more Dogecoin to go around, keeping transaction costs low and making it great for everyday use, like tipping your favorite meme creator. Sure, it’s inflationary, but that’s part of its charm—it encourages spending and sharing rather than hoarding.
That said, Dogecoin is based on the Scrypt hash function while Bitcoin uses SHA256 hash.
Beginner’s Guide to Buying Dogecoin
We have detailed several exchange and wallet options for you in the list above. But to reiterate, here’s what you need to do:
- Create an Account: Sign up on a cryptocurrency exchange like Binance or Coinbase.
- Verify Identity: Complete the necessary verification by submitting documents and proving you are not a robot!
- Deposit Funds: Add money to your account using a bank transfer, credit card, or other methods that the platform offers.
- Buy Dogecoin: Search for Dogecoin (DOGE), enter the amount, and complete your purchase. Voilà!
Preparing to Buy Dogecoin
Setting up a Dogecoin wallet
A Dogecoin wallet is very essential as it will store your crypto. We listed a few software wallet options like Best Wallet and Exodus for Doge storage, which are easy to use. Once your wallet is set up, you’ll receive a unique Dogecoin address that lets you safely receive and manage your DOGE. Always back up your wallet’s recovery phrase to prevent loss of funds.
You are going to want to store your Doge in a self-custodial wallet to take it off an exchange. Hardware wallets provide the highest level of protection for digital assets, with our top picks for Doge hardware wallets being Trezor, ELLIPAL and Ledger.
Instead of a software wallet, you can also use a hardware wallet that requires an initial investment for being one of the safest wallet types available. For comparison, software wallets are almost always free. The reason hardware wallets are considered safe is that 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. They each support not only Dogecoin but over 5000 different crypto assets, you can read our Ledger Review if you want the low down on those.
Likewise, the flagship wallets from Trezor, the Trezor Safe 3 and Safe 5 are highly secure and impressive additions to the Trezor lineup. You can learn more about those in our Trezor Safe 3 Review and Safe 5 Review.
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
Choosing the right cryptocurrency exchange
As Dogecoin has become one of the most successful and long-standing cryptocurrencies in the industry, there is no shortage of top-tier exchanges that support DOGE. Buying Doge with dollars or euros is quite simple and we have listed quite a few for you. To add to them, here are more most reputable exchanges that allow you to buy Doge:
Buy Dogecoin through Best DEX
Best DEX is one of our favourite choices for buying Dogecoin and other cryptocurrencies in a self-custodial manner.
Best DEX is the built-in exchange featured in Best Wallet, one of the most popular software cryptocurrency wallets available. Through the Best Wallet mobile wallet or browser, users can access the Best DEX and either swap another cryptocurrency for it, or purchase DOGE directly via SEPA, Bank transfer, credit/debit card, Google/Apple Pay or Revolut Pay.
The reason we like this method is that users do not need to give up custody of their funds to a third-party exchange as once the purchase is complete, the coins are deposited directly into the user’s wallet. You can read more about the Best Wallet in our Best Decentralized Wallets Review.
Visit Best DEXBuy 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.
Kraken is one of the most secure cryptocurrency exchanges in the industry and is one of our top picks as it is the only long-standing crypto exchange to never experience a security breach. You can read our Kraken review to learn more.
Visit KrakenBuy 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 Our Changelly 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 our Coinbase review to learn more about why Coinbase is the #1 crypto exchange in the US.
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 LocalCoinSwap, which lets you use PayPal to buy Bitcoin. Then you can transfer the Bitcoin to Changelly and trade it for Dogecoin.
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 control of the coins—if the exchange gets hacked or goes bankrupt, you may end up losing them.
Is Dogecoin a Buy?
Dogecoin has performed well and remains in the top 10 cryptocurrencies by market cap. But is a good buy depends on your financial goals and the risk you are willing to take by investing in a ‘meme coin.’ Dogecoin’s adoption is on the rise and its integration into mainstream payment options would further make it an intriguing option. The only concern could be around its unlimited supply and volatility for conservative investor. Users can onsider its long-term potential before deciding if it’s the right investment for you.
If you’re interested in purchasing Dogecoin, here are a few tips to consider:
- Choose a Reputable Exchange: Select a cryptocurrency exchange that supports Dogecoin trading and has a good reputation for security and reliability. Research different exchanges to compare fees, features, and user reviews.
- Understand the Risks: Dogecoin, like all cryptocurrencies, is highly volatile and can experience significant price fluctuations. It’s essential to conduct thorough research and understand the risks involved before investing.
- Secure Your Wallet: Once you’ve purchased Dogecoin, store it in a secure wallet to protect it from potential hacks or losses. Consider using a hardware wallet for added security. Whether you choose a software or a hardware wallet, be sure to backup your recovery phrase!
- Stay Informed: Keep up-to-date with Dogecoin news and developments, as market sentiment and project updates can significantly impact the token’s price.
- Diversify Your Portfolio: As with any investment, it’s advisable to diversify your portfolio to manage risk. Don’t allocate too much of your investment capital to Dogecoin.
Conclusion
Frequently Asked Questions
Can I buy Dogecoin with USD?
How do I sell Dogecoin?
Can I Buy Dogecoin on Coinbase?
What are the Best Dogecoin Exchanges?
How to Buy Dogecoin with PayPal?
How to Buy Dogecoin in the UK?
References
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