- Buy & sell Dogecoin and 50+ cryptocurrencies
- Deposit with bank transfer, ACH, credit or debit card
- Earn up to 8% p.a. on a range of cryptocurrencies
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Dogecoin (DOGE) is a decentralized, peer-to-peer cryptocurrency that’s similar to Bitcoin (BTC) and Litecoin (LTC). What started out as a joke has grown into one of the most widely traded cryptocurrencies in the world with a market capitalization of more than $6 billion as of February 2021.
This is our quick guide to just one way to buy DOGE. Compare some other options in the table below.
Thursday, February 14: With Dogecoin price coming back down to earth, Elon Musk tweets that he’d give Dogecoin his “full support” if “major Dogecoin holders sell most of their coins.”
Thursday, February 8: Dogecoin hits an all time high of $0.084, which may have you wondering just how high can Dogecoin go?
Thursday, February 4: Late-night tweets by Elon Musk lead to a 69% jump in Dogecoin price — peaking at USD$0.058.
Friday, January 29: After climbing more than 800% in 24 hours and briefly surpassing Litecoin and Chainlink in market cap, Dogecoin buying slows.
Thursday, January 28: Robinhood and other trading brokers shut down GameStop buying, forcing Reddit-based traders elsewhere. Elon Musk tweeted a Dogue magazine cover, helping to boost Dogecoin higher.
Find an exchange to buy, sell and trade Dogecoin by comparing deposit methods, supported fiat currencies and fees. Select Go to site when you’ve found a fit.
Set up an account with an exchange that supports Dogecoin in three steps.
Look for an exchange that lists DOGE in one or more currency pairings, and sign up with your email address and a password.
Many exchanges also require your full name, contact information and proof of ID before allowing you to trade. We suggest two-factor authentication on your account for extra security.
You may be able to buy DOGE directly with US dollars (USD) if your exchange accepts fiat currency. Otherwise, you might need to acquire a cryptocurrency that’s listed in a pairing with DOGE, such as Ether (ETH) or Bitcoin (BTC), and then trade it for DOGE.
Navigate to the markets section on your chosen exchange to find your desired DOGE pairing. Look for the section on buying DOGE, and type in the amount of the paired cryptocurrency you want to spend or the amount of DOGE you want to buy.
Carefully review your transaction details — including the amount of DOGE you’re buying and the total cost of the purchase — before completing the transaction.
To sell your DOGE holdings, look for a “Sell DOGE” link in your exchange. You may not be able to directly exchange DOGE for the currency you want to acquire.
Unless you’re looking to place a trade, we don’t recommend storing cryptocurrency in an account on an exchange. It’s often safer to store your DOGE in a secure cryptocurrency wallet.
Check out our list of the best Dogecoin wallets to get started.
Founded in 2013 by Jackson Palmer and IBM software developer Billy Markus, Dogecoin started life as a joke. In a January 2018 article in the Sydney Morning Herald, Palmer explained the idea for Dogecoin started from a lighthearted tweet criticizing the rapid rise of “scammy” altcoins at the time. Dogecoin takes its name from the popular viral “doge” memes. Its mascot, which features heavily on the Dogecoin website, is a Shiba Inu.
Behind the fun and games of Dogecoin lies a very popular cryptocurrency. Designed to offer fast and affordable online transactions, this open-source digital currency can be used as a form of payment for goods and services, a vehicle to trade for other currencies and a way to “tip” other Internet users who create or share popular content.
Based on the LuckyCoin protocol, a fork of Litecoin, Dogecoin uses the Scrypt encryption algorithm. Dogecoin was instantly popular in the crypto community, and within two months of its launch, it had a market capitalization of $74 million. DOGE’s value has experienced several rises and falls since then, reaching its all-time high in January 2021 with a market cap of more than $5 billion.
Cryptocurrencies are complicated and highly speculative, and many factors can affect their value. Understand the risks associated with cryptocurrencies before making a purchase.
If you’re thinking of buying Dogecoin, weigh the following factors against your financial goals:
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