By: Ofir Beigel updated: 6/20/21
Dogecoin Dogecoin is one Dogecoin of the oldest crypDogecoin tocurrencies round. While it started out as a comic story it speedy gained numerous traction and a devoted community. In this put up I’ll provide an explanation for a chunk approximately what Dogecoin is and the way you can buy it on-line.
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How to Buy Dogecoin Summary
Here’s how to shop for Dogecoin:
Get a Dogecoin wallet (Ledger, Exodus)
Locate your Dogecoin cope with
Find a Doge exchange (Dogecoin Binance, Bitpanda)
Withdraw your Doge
If Binance Dogecoin doesn’t work out for you, here are some extra buying alternatives:
Credit/debit Dogecoin card, cord, crypto
Credit/debit card, SEPA, crypto, SKRILL
Credit/debit card, PayPal, wire
Credit/debit card, twine, crypto
Credit/debit card, SEPA, crypto, SKRILL
Credit/debit card, PayPal, wire
*eToro users: 75% of retail CFD accounts lose money. Your capital is at danger. US users – CFDs are not available for US customers. US users can handiest exchange (long) actual belongings with out leverage.
That’s how to shop for Dogecoin in a nutshell. If you want a greater special explanation approximately Dogecoin and the way to buy it hold on studying, here’s what I’ll cowl:
What is Dogecoin
How to buy Dogecoin
Get a Dogecoin pockets
Find a Doge trade
Withdraw your Doge
Frequently Asked Questions
Conclusion1. What is Dogecoin?
Dogecoin turned into created in December 2013 via Billy Markus, a programmer from Portland, Oregon. Initially delivered as a shaggy dog story cryptocurrency, Dogecoin (DOGE) won a huge on-line following and is now a very popular cryptocurrency. It is likewise widely known for its meme-stimulated emblem of a Shiba Inu dog.
The original plan become to Dogecoin restrict Dogecoin to one hundred billion cash. However, it was later decided Dogecoin that there would be a limitless deliver of Dogecoins.
One of the best strengths of Dogecoin lies in its passionate community, who’ve accomplished a notable deal of fundraising. Notably, supporters raised cash to ship the Jamaican bobsled team to the Sochi Winter Olympics in addition to to sponsor NASCAR motive force Josh Wise.
Dogecoin is likewise used as a shape of tipping by the community on systems inclusive of Reddit and Twitter.
2. Buying Dogecoin in 3 easy steps
Step 1 – Get a Dogecoin Wallet
There’s no shortage of options on the subject of Dogecoin wallets. There are unique kinds of wallets with a view to remember, and each wallet can vary in terms of functions, usability, and security.
Here are the most famous Doge wallets around:
Dogecoin Hardware Wallets
While being one of the most secure pockets types to be had, a hardware wallet does require an preliminary funding. For evaluation, software wallets are almost constantly unfastened. The purpose hardware wallets are considered secure is due to the fact they preserve the private key to your Doge offline on a bodily tool.
The Ledger Nano S and the Nano X are very famous choices which help no longer simplest Dogecoin but over one thousand distinct crypto assets, you could read my review approximately them right here. Likewise, the TREZOR One and TREZOR Model T are proper options as well (here’s my TREZOR evaluation).
Dogecoin Software Wallets
A software program wallet will shop the personal key in your Doge on your device whether it be a mobile phone, a computing device computer or a laptop. These wallets is probably at risk of malware, so make sure to take the vital precautions and only down load authentic or incredibly endorsed wallets.
You can pick a Doge-specific wallet including MultiDoge. This is a wallet to be had for Dogecoin Windows, Mac, and Linux. Alternatively, you can use a multi-currency pockets along with Exodus or Coinomi. Here is my complete Exodus overview and you could study my entire Coinomi evaluation right here.
Hardcore Dogecoiners can also down load the entire client for Dogecoin on the official website, but, this isn’t always recommended for beginners (or if you don’t recognize what a full purchaser is).
For Android mobile gadgets, there’s the legit Dogecoin Mobile Wallet, which normally has favorable evaluations from customers. Unfortunately, there’s no such version for iOS.
Locate your Doge deal with
Once you have got your Dogecoin pockets it’s time to get your Dogecoin address. A Dogecoin deal with is a protracted string of letters and numbers that begins with a capital D accompanied by a number of or another capital letter. Here’s an instance:
Step 2 -Find a Doge Exchange
Surprisingly sufficient, Dogecoin doesn’t acquire a good deal aid with regards to finding a good trade to purchase it on. Only a handful of vetted exchanges supply an choice for getting Doge with Dollars or Euros.
Here are the most authentic exchanges that allow you to buy Doge:
Buy Dogecoin via Binance
Binance, is a main cryptocurrency alternate that supports the acquisition of over 200 cryptocurrencies. The trade has been around since 2017, is supported global and allows customers to shop for Doge with a whole lot of conventional currencies and fee techniques.
All you need to do is go to the change’s internet site, click on on “Buy Crypto” at the pinnacle navigation bar and pick your fee method, as shown under. You can examine my whole Binance assessment here.
Buy Dogecoin through Bitpanda
Bitpanda is an Austrian trade that changed into founded in October 2014. Bitpanda permits residents of the EU (and a handful of other international locations) to shop for Doge and other cryptocurrencies thru numerous charge strategies (Neteller, Skrill, SEPA and so forth.). The every day restrict for demonstrated bills is €2,500 (€300,000 monthly) for credit score card purchases. For other price options, the day by day limit is €10,000 (€300,000 month-to-month).
Buy Dogecoin via eToro
eToro – If you’re simplest inquisitive about making a profit over Dogecoine’s charge changes and also you’re no longer into without a doubt owning the coins, eToro is probably the easiest and cheapest option. The company offers a pleasant and intuitive UI that will help you alternate DOGE for fiat foreign money (USD, EUR, and so forth.).
Due to their exceptionally complicated withdrawal technique, eToro is much less endorsed for getting access to and using the real coins. So, in case you’re the use of eToro for investment only you can pass step 1 of getting a Dogecoin pockets, as you gained’t be using the cash you’ll buy.
Keep in mind that cryptocurrencies can widely fluctuate in prices and aren’t suitable for all traders. Trading cryptocurrencies is not supervised by any EU regulatory framework. So keep in thoughts that your capital is at danger. US customers – CFDs aren’t available for US users. US users can most effective exchange (lengthy) actual belongings with out leverage.
Buy Dogecoin through Kraken
Kraken, Founded in 2011, the US alternate permits you to deposit price range through a credit card or a wire switch. Users in Europe can enjoy the rapid and free SEPA deposits. Once the budget are on your account you can effortlessly purchase Doge using the “Buy Crypto” tab inside the alternate’s pinnacle navigation bar.
It’s vital to notice that Kraken makes use of the XDG ticker image for dogecoin and now not the DOGE ticker image that is extensively regularly occurring on maximum exchanges. You can read my complete Kraken evaluate here.
Buy Dogecoin thru Changelly
Changelly is one of the few locations to be able to allow you to shop for Dogecoin with nearly any foreign money (fiat or crypto). Changelly is a conversion provider that works notably brief and doesn’t require some thing more than an electronic mail to join up. The disadvantage is that it could take in a lot in prices (specifically in case you buy Doge together with your credit card).
You can read my Changelly overview here.
Buy Dogecoin through Gemini
Gemini is an trade based totally in New York, most well-known for being founded via the Winklevoss twins. Traders on Gemini can make instant purchases the usage of a bank card, or deposit fiat forex the usage of wire transfers or ACH.
To make a buy, click on “Dogecoin” on the dashboard beneath “Markets”, enter the quantity that you desire to purchase, then click on “Review Order” to test the acquisition information before finalizing.
You can study my complete Gemini evaluation right here.
Buy Dogecoin via Bittrex
Bittrex is a US based totally cryptocurrency change that has grown in reputation in recent years. It gives a DOGE/BTC pair similar to Kraken. This manner that you’ll be wanting to either purchase Bitcoin or deposit Bitcoin so that it will change it for Doge. You can examine my complete Bittrex evaluation here.
Buy Dogecoin thru Coinbase
*Note: Dogecoin trading is handiest predicted to go stay on Coinbase with the aid of July 2021.
Coinbase is a regulation-friendly US-based totally cryptocurrency exchange, which has been round for the reason that 2012. It is also one of the most effective publicly-traded crypto exchanges in America.
Users should purchase cryptocurrency on Coinbase without problems the use of a connected credit score card or financial institution account. Simply click on the blue “Buy/Sell” button at the top of the dashboard, select the desired coin in the dropdown menu, and enter the amount that you desire to purchase. You can read my entire Coinbase evaluate here.
How to Buy Dogecoin with a Credit Card or Debit card
The simplest way to shop for Dogecoin with a credit score card would be thru Binance’s “Buy Crypto” phase. Be aware that purchases with a credit score/debit card commonly have better charges than with a bank switch, however also are processed quicker. If Binance doesn’t exercise session you can constantly use Kraken as any other legitimate option.
How to Buy Dogecoin with PayPal
There are only a few cryptocurrency exchanges that accept PayPal bills. For this motive, there aren’t any alternatives while it comes to shopping for Dogecoin with PayPal. However, you may use LocalBitcoins, which can help you use PayPal to buy Bitcoin. Then you can transfer the Bitcoin to Changelly and trade it for Dogecoin.
Additional shopping for options
A quantity of smaller cryptocurrency exchanges, Exrates, YoBit, and Livecoin, all have DOGE/USD pairs. LiteBit.eu and Bittylicious and Cryptomate offer brokerage offerings for Dogecoin through EUR or GBP.
Remember, it’s usually well worth finding out opinions of cryptocurrency exchanges before signing up and shopping for.
Step three – Withdraw your Dogecoin
It’s constantly practical to save your cryptocurrency in a wallet instead of on an change. This reduces the danger of your cryptocurrency being lost or stolen.
So don’t forget about to withdraw the Doge you’ve offered out of the exchange and into your personal wallet the usage of the address to procure in step 1. If you preserve your Dogecoins at the change, you’ve Dogecoin essentially given up the manipulate of the cash—if the trade receives hacked or is going bankrupt, you could end up losing them.
three. Frequently Asked Questions
Is Dogecoin on Coinbase?
No, Dogecoin isn’t listed on Coinbase.
Can I Mine Dogecoin?
Yes you could mine Dogecoin. Like Bitcoin, Dogecoin has a blockchain that’s maintained via a mining device. The key distinction is that Dogecoin uses Scrypt, a specific mining set of rules than Bitcoin’s SHA-256. Originally, the Scrypt algorithm turned into designed to be ASIC-resistant, but by using now ASIC manufacturers found a way round that, so it’s far simplest profitable nowadays to mine Dogecoin with ASIC miners.
How do I Convert Bitcoin to Dogecoin?
You can use Binance or Bitpanda to change BTC to Doge.
Dogecoin is a longtime cryptocurrency that has been around because 2013. It has a passionate network that enjoys fundraising and the usage of Dogecoin to tip different customers on Reddit and Twitter.
While this cryptocurrency doesn’t have any enormous gain over different cash, the adoption it mustered in the course of the years makes it look like it’s here to stay.
Have you used any of the above wallets or exchanges? What do you observed of Dogecoin? Let me recognize within the remarks beneath!