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How to buy Dogecoin (DOGE)

A beginner’s guide to buying and selling DOGE in the US.

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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.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
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Quick guide: How to buy DOGE

  1. Download an app like Crypto.com from their website.
  2. Deposit funds into your account with a card, bank account or cryptocurrency.
  3. Press "Accounts" go to "Crypto Wallet" and press "Buy".
  4. Swipe down and choose the cryptocurrency you want from the list.
  5. Pick your payment method (credit card, crypto wallet or fiat wallet).
  6. Enter the amount of cryptocurrency you want to buy.
  7. Press the purchase button at the bottom of the screen.
  8. Find your newly purchased cryptocurrency in your "Crypto Wallet".
Go to Crypto.com's site

This is our quick guide to just one way to buy DOGE. Compare some other options in the table below.

Latest Dogecoin news

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.

Where to buy DOGE in the US

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.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

68
cryptocurrencies

Finder Exclusive: Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, SWIFT, Wire transfer, Osko, SEPA
USD, EUR, GBP, JPY, CAD, CHF, AUD

53
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
CoinSwitch Cryptocurrency Exchange
Credit card
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
USD

49
cryptocurrencies

Get a US$15 bonus when you trade US$100 or more of any supported crypto. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
Changelly Crypto-to-Crypto Exchange
Credit card, Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
YoBit Cryptocurrency Exchange
AdvCash, Cryptocurrency, Payeer, Perfect Money, Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

218
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
ShapeShift Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Banxa
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Bitit Cryptocurrency Marketplace
Bank transfer, Cashlib, Credit card, Neosurf, SEPA
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
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Compare up to 4 providers

A step-by-step guide to buying DOGE

Set up an account with an exchange that supports Dogecoin in three steps.

Step 1. Search for and register an account to buy DOGE

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.

Step 2. Deposit funds into your account

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.

Step 3. Buy 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.

How to sell DOGE

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.

Which wallets can I use to hold DOGE?

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.

How DOGE works

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.

Find out more in our guide to Dogecoin.

Key factors to consider when buying DOGE

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:

  • Supply. In July 2020 , CoinMarketCap listed the circulating supply of Dogecoin as 125,311,597,887 DOGE.
    There is no maximum supply of Dogecoin, as there’s no set limit on the number of coins produced.
  • Availability. Availability affects the popularity of a cryptocurrency. Dogecoin is listed on a wide range of cryptocurrency exchanges, making it relatively accessible in comparison to more obscure coins for anyone thinking of buying.
  • Community support. Something of a legend in cryptocurrency circles, Dogecoin is supported by a vibrant and active community, as shown by its active Reddit page. This support has seen Dogecoin survive since 2013, which is a long time in the world of digital currency.
  • Joke or not? Dogecoin started life as a joke, and a quick visit to the coin’s website is enough to reveal that this currency doesn’t take itself too seriously. This is a key factor in its survival and success. However, if you’re looking for a coin to buy and hold in the hope of achieving long-term profits, consider whether DOGE fits with your cryptocurrency strategy.
  • Future development. As for what the future holds for Dogecoin, consider cofounder Jackson Palmer said in a March 2017 interview with CoinDesk: “New features aren’t being implemented into Dogecoin because there’s no active development anymore. Eventually, it will become outdated. And with that, the network will organically wind down.” Palmer left the Dogecoin team in 2015, but this does raise important questions about the longevity of the currency.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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