By: Ofir Beigel | Last updated: 02/08/21
Dogecoin is one of the oldest crypto currencies. While it started out as a joke, it quickly gained a lot of traction and a loyal community. In this post I am going to explain a little bit what Dogecoin is and how you can buy it online.
Don’t you like to read Instead, check out our video guide
How do I buy Dogecoin summary?
How to Buy Dogecoin:
- Get a Dogecoin Wallet (Ledger, Exodus)
- Find your Dogecoin address
- Find a Doge Exchange (Binance, Bitpanda)
- Buy Dogecoin
- Withdraw your doge
If Kraken isn’t working for you, here are some additional buying options:
Credit / debit card, wire transfer, crypto Credit / Debit Card, SEPA, Crypto, SKRILL 
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Payment Methods:
Credit / debit card, wire transfer, crypto
Payment Methods:
Credit / Debit Card, SEPA, Crypto, SKRILL
Payment Methods:
Transfer, crypto
Payment Methods:
Wire, SEPA / SWIFT
How to buy Dogecoin in a nutshell. If you’d like a more detailed explanation of Dogecoin and how to buy it, read on: I’ll cover the following:
- What is Dogecoin?
- How do I buy Dogecoin?
- frequently asked Questions
- Conclusion
1. What is Dogecoin?
Dogecoin was created in December 2013 by Billy Markus, a programmer from Portland, Oregon. Originally introduced as a joke cryptocurrency, Dogecoin (DOGE) gained a large online following and is now a very popular cryptocurrency. It is also 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 an unlimited supply of Dogecoins.
One of the greatest strengths of Dogecoin lies in its passionate community that has raised a lot of money. In particular, fans raised money to send the Jamaican bobsleigh team to the Sochi Winter Olympics and to sponsor NASCAR driver Josh Wise.
Dogecoin is also used as a tip by the community on platforms like Reddit and Twitter.
2. Buy Dogecoin in 3 easy steps
Step 1 – Get a Dogecoin Wallet
There is no shortage of options when it comes to Dogecoin wallets. There are several different types of wallets that you can consider. Each wallet can vary in terms of features, ease of use, and security.
Here are the most popular Doge wallets:
Dogecoin hardware wallets
While a hardware wallet is one of the most secure wallet types available on the market, it does require an initial investment. For comparison: software wallets are almost always free. The reason hardware wallets are considered secure is because they keep the private key for your Doge offline on a physical device.
The Ledger Nano S and Nano X are very popular options that support not only Dogecoin but over 1000 different crypto assets. You can find my review here. Likewise, the TREZOR One and the TREZOR Model T are also good options (here’s my TREZOR test).
Dogecoin software wallets
A software wallet stores the private key for your Doge on your device, regardless of whether it is a mobile phone, desktop computer or laptop. These wallets can be vulnerable to malware. So, take the necessary precautions and only download official or highly recommended wallets.
You can choose a Doge-specific wallet like MultiDoge. This is a wallet for Windows, Mac, and Linux. Alternatively, you can use a multi-currency wallet like Exodus or Coinomi. Here is my full Exodus review, and you can read my full Coinomi review here.
Hardcore Dogecoiners can also download the full Dogecoin client from the official website. However, this is not recommended for beginners (or if you don’t know what a complete client is).
For Android mobile devices, there is the official Dogecoin Mobile Wallet, which has generally positive reviews from users. Unfortunately there is no such version for iOS.
Find your Doge address
Once you have your Dogecoin wallet, it’s time to get your Dogecoin address. A Dogecoin address is a long sequence of letters and numbers that begins with an uppercase letter D followed by a number or other uppercase letter. Here is an example:
DBXu2kgc3xtvCUWFcxFE3r9hEYgmuaaCyD
Step 2 – Find a Doge Exchange
Surprisingly, Dogecoin doesn’t get a lot of support when it comes to finding a reputable exchange to buy it from. Only a handful of vetted exchanges offer an option to buy Doge with Dollars or Euros.
Here are the most reputable exchanges to buy Doge on:
Buy Dogecoin through Binance
Binance is a leading cryptocurrency exchange that supports the purchase of over 200 cryptocurrencies. Exchange was launched in 2017, has global support, and allows users to purchase Doge using a variety of traditional currencies and payment methods.
All you have to do is go to the exchange website, click “Buy Crypto” on the top navigation bar and select your payment method as shown below. You can read my full Binance review here.
Buy Dogecoin through Bitpanda
Bitpanda is an Austrian exchange that was founded in October 2014. Bitpanda enables EU citizens ((and a handful of other countries) 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 per month).
Buy Dogecoin through Kraken
Kraken, founded in 2011, allows you to deposit funds on the US exchange using credit cards or wire transfers. Users in Europe can benefit from fast and free SEPA deposits. Once the funds are in your account, you can easily buy Doge using the “Buy Crypto” tab on the exchange’s top navigation bar.
It is 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 full Kraken review here.
Buy Dogecoin through Changelly
Changelly is one of the few places where you can buy Dogecoin with almost any currency (fiat or crypto). Changelly is a conversion service that works relatively quickly and only requires an email to sign up. The downside is that it can take a ton of fees (especially if you’re buying 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 over the past few years. It offers a DOGE / BTC pair similar to Kraken. This means that you either need to buy bitcoin or deposit bitcoin 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 is from Binance’s “Buy Crypto” section. Note that purchases made with a credit / debit card usually have higher fees than a wire transfer, but they are also processed faster. If Binance isn’t working, 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. Because of this, there are no options when buying Dogecoin with PayPal. However, you can use LocalBitcoins which you can use to buy Bitcoin through PayPal. Then you can transfer the Bitcoin to Changelly and exchange it for Dogecoin.
Additional purchase options
A number of smaller cryptocurrency exchanges, Exrates, YoBit and Livecoinhave all DOGE / USD pairs. LiteBit.eu and Bittylicious and Cryptomate offer brokerage services for Dogecoin over EUR or GBP.
Remember, it is always worth reading reviews of cryptocurrency exchanges before signing up and buying.
Step 3 – Withdraw your Dogecoin
It always makes sense to store your cryptocurrency in a wallet rather than an exchange. This will reduce the risk of your cryptocurrency being lost or stolen.
So don’t forget to return the Doge you bought from the purse to your own wallet at the address given in Step 1. If you keep your Dogecoins on the exchange, you’ve basically given up control of the exchange coins – if the exchange gets hacked or goes bankrupt, you may lose it.
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 also has a blockchain that is managed by a mining system. The main difference is that Dogecoin uses Scrypt, a different mining algorithm than Bitcoin SHA-256. The Scrypt algorithm was originally designed to be ASIC-resistant. Meanwhile, however, ASIC manufacturers have found a way to get around this. Therefore, nowadays it is only profitable to mine Dogecoin with ASIC miners.
How do I convert Bitcoin to Dogecoin?
You can use Binance or Bitpanda to exchange BTC for Doge.
4. Conclusion
Dogecoin is an established cryptocurrency that has been around since 2013. She has a passionate community who love to raise funds and use Dogecoin to give tips to other users on Reddit and Twitter.
While this cryptocurrency doesn’t have a significant advantage over other coins, the acceptance it has garnered over the years makes it seem like it’s here to stay.
Have you used any of the wallets or purses mentioned above? What do you think about Dogecoin? Let me know in the comments below!
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