FTX Cryptocurrency Exchange
- Buy or sell crypto & NFTs
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- Competitive fees
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Buying Dogecoin (DOGE) is quick and simple. It's a lot like buying stocks and can take as little as 15 minutes.
You just need to create an account with a crypto trading platform like FTX or Binance.
Keep reading for step-by-step instructions and a list of platforms you can use to buy Dogecoin in the Philippines.
To buy DOGE all you'll need is a smartphone or computer, an internet connection, photo identification and a way to pay.
If this is your first time buying cryptocurrency you'll need to look for a platform that accepts Philippine pesos, like FTX or Binance.
Don't worry too much about extra features or coins for now – you can always sign up with another exchange later.
Use the table to choose a platform that meets your needs and click the Go to site button to get started.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not PHP.
If you want to buy Dogecoin with Philippine pesos, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in the Philippines and requires you to upload some photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Once you've set up your account, you'll need to deposit funds to buy Dogecoin with. We've listed out some popular ways to buy DOGE and what you should know about each payment method below.
Most exchanges let you buy as little as ₱5 worth of DOGE, if not less. Just type in how much you want to spend in PHP and let the exchange work out the rest.
Some platforms only offer 1 way to buy Dogecoin, while others provide several choices. The 2 most common ways to buy DOGE are on the spot market or with an "instant buy" feature.
If it's your first time buying Dogecoin this will be the fastest method – but also the least cost-effective.
You'll usually find the instant buy section under a "Buy now" heading on the platform you've chosen.
It should feature a simple interface that lets you enter the amount of Dogecoin you want to buy, or Philippine pesos you want to spend.
This is usually the only option available for credit or debit card purchases, but you may also be able to make an instant buy if you've pre-funded your account with a bank transfer.
Be prepared to pay a markup on DOGE's market rate in exchange for the convenience.
If you see colourful charts with a range of prices, you're probably in the spot market.
The spot market is where buyers and sellers come together to place bids for DOGE on the open market. It's usually the cheapest way to buy Dogecoin because it lets traders set their own price.
You'll find the spot market under a "Trade" or "Spot" heading on the site or app menu of the platform you've chosen to use.
There are several different order types that you can make on the spot market.
There are dozens of different trading platforms to choose from when buying Dogecoin in the Philippines, so to help you find your best option, keep these factors in mind:
There are plenty of places to buy Dogecoin, and people in the Philippines can choose from platforms registered here at home or in locations all around the world. Opting for a locally registered DOGE exchange typically offers more convenience, but may have some downsides depending on your goals.
You shouldn't invest in any asset, including DOGE without doing plenty of research first. Before you buy Dogecoin, make sure you understand and weigh up these risks:
Dogecoin is increasingly treated as a financial asset by governments around the world. This means that you may need to declare your DOGE holdings at tax time and should consider consulting a tax professional to make sure you don't run afoul of the law.
If you want to buy Dogecoin, start by comparing a range of crypto brokers and exchanges available in the Philippines. Look at their features, fees, security and overall reputation to decide which platform is the right fit for you. Consider an exchange registered with the BSP for added peace of mind.
Remember that owning and using Dogecoin is not without its risks. Carefully consider investing in DOGE as part of a wider strategy, and talk to a financial advisor if you have any questions.
Once you've bought some DOGE, think about what your short and long-term goals are. This will help you decide whether to keep it on an exchange, or move it to your own wallet.
Unfortunately, there's no easy way of knowing for certain whether any asset is a good investment. A good place to start your research is by considering DOGE's utility.
Dogecoin founder Billy Markus has openly stated that he created the crypto in about 3 hours. He cloned Bitcoin's open-source code and added some minor tweaks to the block time.
"It was a find-and-replace job. Ctrl+F Bitcoin, replace with Dogecoin."
Although DOGE is now its own distinct, multi-billion-dollar crypto, it offers no unique utility in the digital currency and payments space. Before investing in Dogecoin, make sure you explore DOGE price prediction data and closely evaluate the risks.
Lots of crypto trading platforms can help you buy Dogecoin with PHP, including FTX and Binance. Once you've created and verified your account, you'll be able to purchase some DOGE.
Compare more trading platforms that let you buy DOGE with fiat currency in our table.
There are a handful of ways to earn small amounts of free DOGE, including playing online games, using a crypto faucet or paying for goods with a crypto rewards credit card.
Read our guide on how to earn free crypto for other potential ways to earn some free DOGE.
If you don't already own crypto, the easiest way to buy DOGE is with Philippine pesos.
To get started, choose a crypto trading platform like FTX that allows you to deposit PHP.
Alternatively, you may need to convert your PHP into BTC or USDT first, which you can then trade for DOGE.
Disclaimer: Cryptocurrencies, including Dogecoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of DOGE 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 Dogecoin or any other cryptocurrency discussed.
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