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Buying Dogecoin (DOGE) is a relatively simple process to follow. You just need some photo ID to create an account on a platform that sells it and then link a payment method to buy it with, such as a bank account or debit card. Credit cards are another common way to buy Dogecoin, and Finder has a separate guide for buying DOGE with a credit card.
Cryptocurrency exchanges are the main way people buy Dogecoin and other cryptocurrencies. Don't worry – while the technology behind Dogecoin is complex, Finder has all the information you need to buy DOGE. The process is the same for buying other cryptocurrencies, so it will be easy to buy crypto assets and tokens and have a diverse portfolio. You are not locked into buying a lot or a little of Dogecoin either – it's completely up to you how much you spend.
A cryptocurrency exchange is a site that lets you buy and sell crypto assets and tokens. They operate similarly to stock exchanges. Crypto exchanges differ by fees, security, payment methods and features, so use Finder's table to help determine which one is the right fit for you. If you're a beginner, you won't need a lot of features, and you can always sign up to other exchanges later.
To purchase Dogecoin, you will need to do the following:
To help you pick an exchange for buying Dogecoin, consider the following:
Once you have selected an exchange to purchase Dogecoin from the table above, you will need to register.
To buy Dogecoin, you will first need to deposit money into your exchange account or link a credit or debit card. You can register for some exchanges without KYC, but you will need to go through the process when you fund your account with fiat or buy Dogecoin with a card.
|Exchange||Bank deposit||Card deposit||Crypto deposit||Buy Dogecoin|
|eToro USA LLC Cryptocurrency Trading||Go to site|
|FTX.US Cryptocurrency Exchange||Go to site|
|SoFi Cryptocurrency Exchange||Go to site|
There are various ways to deposit funds into an exchange account to buy Dogecoin, each of which will have a different wait time before payments are deposited.
Navigate to the markets section on your chosen exchange to find your desired Dogecoin 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.
Some cryptocurrency exchanges only offer one way to purchase cryptocurrency while others give you a few options. The most popular methods of purchasing Dogecoin are instant buy and the spot market.Instant buy/market order
Most exchanges offer the ability to buy high volume cryptocurrencies such as Dogecoin instantly, and this is one of the fastest ways to purchase DOGE. Simply enter the amount you would like to purchase in USD and the exchange will calculate the equivalent amount of DOGE, according to the market rate.
Buying DOGE via the instant buy method is generally more expensive than on the spot market as there is usually an extra exchange fee added on top of the market price. This can be a simple way to purchase Dogecoin for beginners but it's important to be aware of the extra costs involved, especially if using this method with a linked credit card as fees add up.Spot market
The spot market is offered on the majority of crypto exchanges and is the most common way to buy and sell Dogecoin. There are different ways to buy DOGE on a spot market, but market buys and limit orders are the 2 most common.
A market buy is like an instant buy, but without the added fee charged by the exchange for brokering the deal. There is still a trading fee, but it's lower than instant buy.
A limit order is placing an order for Dogecoin at a set price and amount of DOGE. The order is filled as other users sell their DOGE through a selling limit order or market sale at the price set. Trading fees for a limit order are generally less than for a market buy, but it varies by exchange.
Cryptocurrencies are complex and volatile assets. Buying any digital coin or token comes with a high level of risk attached. Before you buy, do plenty of research and ensure you recognize the factors that could potentially drive the price of a cryptocurrency asset either up or down. Here are a few risks of buying DOGE:
While some people choose to store their Dogecoin in their exchange account, this is not recommended. You should only keep crypto on an exchange when planning to trade it. Exchanges are regular targets for hackers and thieves. It's a much safer option to move coins and tokens into a wallet that allows you to retain full control of your private keys. There are both hardware and software wallets for desktop and web browsers available to store Dogecoin. Keep Dogecoin safe with any of Finder's recommended wallets.
Dogecoin might be a good investment. Check out what Finder experts think about Dogecoin's price here.
Yes, you can buy Dogecoin for fiat on most crypto exchanges.
Yes, it is possible to get free DOGE through staking or other earning options. Check out Finder's How to Mine Dogecoin page.
The easiest way to buy Dogecoin is through a cryptocurrency exchange or broker.
The best place to buy Dogecoin is a cryptocurrency exchange. Click here to see Finder's pick of exchanges that sell DOGE.
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