Where & How to Buy Dogecoin (DOGE) in 2024 Best Places

Dogecoin emerged as one of the most interesting cryptos with fast transactions and low fees.
Knowing where and how to buy Dogecoin is essential whether you’re a novice or an experienced investor.

After checking out many places to trade cryptocurrencies, we found the best crypto exchanges to buy DOGE and a simple way to do it.

Key Takeaways

• Dogecoin emerged as an interesting altcoin people like to invest in
• The best way to buy DOGE is via a centralized crypto exchange
• Dogecoin is also available via Telegram bots and gift cards
• Cold wallets are the safest places to store DOGE

How to Buy Dogecoin – Step-by-Step

To buy Dogecoin, sign up on a trusted cryptocurrency exchange. Then, verify your account, choose a payment method, and make your purchase.

Although there are many ways to buy Dogecoin, the best route is to use an online crypto platform due to its strong security and regulation.

Here’s a quick guide on how to buy DOGE:

• Step 1 – Sign up on a crypto exchange
• Step 2 – Verify your account
• Step 3 – Choose a payment method
• Step 4 – Place your order for Dogecoin

Follow along as we outline these steps in detail!

Step 1: Sign up on a Crypto Exchange

You can easily make an online account with a cryptocurrency exchange or brokerage. It’s simple to sign up, but you’ll need to give some personal information, such as:

• Complete legal name
• Date of birth
• Valid email address
• Contact phone number
• Residential address
• Social Security number
• Government-issued identification, such as a driver’s license or passport
• Banking details, including account and routing numbers, if you intend to fund your cryptocurrency account via a checking account

Read our KuCoin, Coinbase, and Binance reviews to compare the registration process on each exchange. You might also want to check out Kraken and Uphold, two of the most prominent exchanges in the industry.

Step 2: Verify Your Account

Provide personal information, such as proof of address, to validate your account.

You may also have to go through a Know Your Customer (KYC) verification procedure.

This procedure involves scanning a QR code with your smartphone.

Then, you’ll follow simple instructions, upload a selfie, and submit your ID.

The Security and Exchange Commission (SEC) imposes this regulatory requirement to authenticate customers and assess their risk and financial backgrounds.

Plus, once you pass this KYC, you’ll unlock all features and trading tools. It will also lift all limits for deposits and withdrawals.

Step 3: Choose a Payment Method

Common methods include bank transfers, credit/debit cards, PayPal, and wire transfers. 

When considering the speed of each method, note that bank transfers may take several days to clear, while credit/debit card transactions are usually instant.

In addition, consider the fees associated with each option. Bank transfers and debit card transfers might have lower fees than credit card transactions.

The latter often comes with additional charges and higher interest rates, especially if your credit card issuers treat it as cash advances.

Also, note that wire transfers may involve extra steps or location-based restrictions.

Step 4: Place Your Order for Dogecoin

To place an order for Dogecoin, first ensure that your funds are in your trading account. 

Once confirmed, go to the exchange’s trading or purchasing section and find the search bar.

Input “Dogecoin” or its ticker symbol, DOGE, and then select your preferred trade type.

If you’re looking to set a desired price, go for a limit order. On the other hand, a market order will let you buy the coin at a current price.

Keep in mind that limit orders may take some time and price movement in order to close. You might wait for several days before you get Dogecoin in your wallet.

Luckily, you can also use an instant buy tool.

You can enter the dollar amount you want to invest or the quantity of Dogecoins you want to purchase.

Then the exchange will make an automatic trade, deduct your fiat funds, and send Dogecoin to your wallet.

Take note of any trading costs charged by your exchange, which normally range between 0.05% and 5% for each trade.

Where can I buy Dogecoin – Best Places

Based on our research and analysis, the best place to buy Dogecoin is through centralized crypto exchanges. These platforms offer a wide selection of reliable trading options, user-friendly interfaces, and strong security measures. You can also look into several other methods.

• Centralized crypto exchanges
• Crypto wallets
• Peer-to-peer (P2P) platforms
• Cryptocurrency ATMs
• Over-the-counter (OTC) Desks

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution. Don’t invest unless you’re prepared to lose all the money you invest.

1. Centralized Crypto Exchanges – Recommended Method

Centralized cryptocurrency exchanges (CEXs) are platforms that enable the purchase, sale, and exchange of digital assets using a user-friendly system.

To keep users’ assets secure, the safest crypto exchanges use strong security measures like encryption and authentication.

Despite worries about possible security breaches and hacking risks, CEXs act as reliable middlemen, connecting buyers and sellers through order books.

CEXs remain popular because of their easy-to-use interfaces, various trading options, and fast transaction processing.

2. Crypto Wallets

Crypto wallets keep your private keys or passwords secure and accessible, allowing you to access, swap, and transfer cryptocurrencies.

Crypto wallets come in various forms.

Some also double as the best crypto lending sites or top crypto savings accounts.

There are hardware wallets, which resemble a USB stick. One of the best examples is the Ledger wallet.

hardware wallets store keys on a thumb drive, keep them in a secure location, and only connect them to a computer when you want to utilize your cryptocurrency.

Hardware wallets are ideal for secure, long-term storage if you’re not actively trading your assets.

Then, you have smartphone apps that make buying DOGE as simple as shopping online with a credit card.

Crypto wallets range from simple apps like Crypto.com to complicated trading tools, like KuCoin’s mobile version.

Still, these online wallets save your keys in an app or other software.

They’re less secure due to their connectivity. However, if you’re looking to trade on the go, software wallets are the best solution.

Finally, there are paper wallets. These involve writing keys on a physical medium, such as paper, and storing them safely.

However, this complicates the use of your digital asset, as you’d have to manually write the private key every time you need access to DOGE.

3. Peer-to-Peer (P2P) Platforms

Peer-to-peer (P2P) platforms facilitate direct trading of cryptocurrencies between buyers and sellers, eliminating reliance on third-party intermediaries. They’re similar to decentralized exchanges, with the main difference being the freedom to choose another trader.

These platforms utilize smart contracts to guarantee the security and transparency of transactions.

P2P exchanges are common in countries with tight exchange regulations.

They offer advantages over other types of crypto platforms.

There are flexible rates, a solid degree of privacy, and no third-party involvement.

When selecting a P2P crypto trading platform, consider security, payment methods, and fees.

Look for platforms that prioritize strong security features such as two-factor authentication (2FA) and encryption.

In addition, make sure that the site accepts your preferred payment methods. Lastly, choose a platform with a clear fee structure to avoid any surprises.

4. Cryptocurrency ATMs

Cryptocurrency ATMs are physical kiosks that allow customers to perform crypto transactions.

Depending on your location, there are crypto ATMs that support DOGE’s direct sales and others that don’t.

Using these ATMs, you can purchase and sell digital assets with fiat currency or other supported cryptocurrencies.

To obtain Dogecoin from crypto ATMs without direct sales, first purchase Bitcoin.

Then, transfer the BTC to a Dogecoin-supporting exchange, swap it for Dogecoin, and finally withdraw the DOGE to your wallet.

Advanced crypto ATMs that offer direct Dogecoin purchases speed up the process.

Simply select DOGE, input cash, and complete the transaction to receive it swiftly in your wallet.

5. Over-the-Counter (OTC) Desks

Over-the-counter (OTC) trading desks allow two parties to trade without sharing transaction information with the public.

The OTC desk acts as a matchmaker, helping large-scale transactions between buyers and sellers.

Before going ahead with an OTC deal, the two parties must agree on a purchase price.

Transaction transparency varies across OTC desks.

Alternative Ways to Buy DOGE

If centralized cryptocurrency exchanges, crypto wallets, peer-to-peer (P2P) platforms, cryptocurrency ATMs, and Over-the-Counter (OTC) desks are not your cup of tea, you can use:

• PayPal
• Telegram
• Gift Cards

PayPal makes it easy to buy DOGE online. Telegram groups allow you to buy and sell Dogecoin using bots. Gift cards offer another convenient option with added privacy and ease of use.

These options cater to diverse preferences, enhancing accessibility to the DOGE market.

PayPal

To buy Dogecoin via the PayPal platform, open the PayPal app on your mobile device or a web browser. You’ll have to use PayPal to buy Bitcoin first, then swap it for Dogecoin, just like you’d use Cash App to buy crypto.

Next, go to the “Crypto” section, usually found in the menu, denoted as “Crypto” or “Crypto Trading.”

Look for Bitcoin among the listed cryptocurrencies. Then, proceed to choose BTC and enter your desired purchase amount.

Depending on your account settings, PayPal may prompt you to link a funding source, such as a bank account.

Before confirming your purchase, carefully review the transaction details, including the exchange rate and associated fees.

After you finish, PayPal will send your Bitcoin to your digital wallet.

Now, it’s time to withdraw your Bitcoin to your personal wallet or an exchange and swap it for Dogecoin.

Keep checking PayPal’s list of supported currencies to see if it will feature Dogecoin.

Telegram

Start by joining a Telegram group dedicated to cryptocurrency trading or specifically focused on DOGE.

These groups provide market research, up-to-date information, and advice on how to invest in Dogecoin.

Engage in conversation with other traders in the group to learn about placing and taking orders.

Typically, you can get in touch with reputable dealers that trade Dogecoin.

You can facilitate transactions through direct messages or bots integrated within the Telegram platform.

Be cautious and make sure dealers are legitimate before making a purchase.

Check Reddit communities for good recommendations for Telegram groups.

Know that each Telegram group will have rules, and those that don’t likely host scammers.

Reputable traders and users will never ask for your private keys, passwords, or personal information.

Gift Cards

To buy crypto, including Dogecoin using a gift card, start by selecting a platform that accepts it as payment.

Then, create an account on your chosen platform, provide any necessary personal information, and verify your identity if required.

Once your account is set up, browse the platform to find sellers willing to accept gift cards in exchange for DOGE.

Utilize search or filter options to locate sellers accepting the type of gift card you possess.

Upon finding a suitable seller, initiate a trade by selecting its offer. Specify the amount of Dogecoin you wish to purchase with your gift card.

Afterward, carefully review the terms of the trade, including the exchange rate and any fees involved.

Follow the seller’s instructions to complete the transaction, which may involve providing the gift card code and other necessary information.

Some platforms offer escrow services for added security.

After the transaction is complete, the seller will release the Dogecoin to your platform wallet.

For additional security, transfer your DOGE to a secure wallet that you control like Trust Wallet or Ledger.

Finally, verify that you have received the correct amount of Dogecoin in your wallet and consider leaving a review for the seller to assist other users on the platform.

How to Store DOGE

To safely store your Dogecoin, utilize hot and cold wallet solutions.

Hot wallets are good for regular use and small amounts of Dogecoin.

Meanwhile, cold wallets offer strong protection against online threats. These are great for storing larger amounts or for long-term investing.

Start by choosing a trusted wallet provider that works with Dogecoin and create a wallet address.

Remember to regularly save copies of your wallet’s secret keys or recovery seeds to avoid losing them if your device breaks or something goes wrong.

Make your wallet more secure by using strong passwords and turning on extra features like two-factor authentication.

You can ensure the safety of your Dogecoin by diversifying its storage and implementing strong security measures.

Hot Wallets

A hot wallet is a digital wallet for Dogecoin that you can use online. It helps you quickly do things like buy, sell, and move your digital money around.

Hot wallets are always online. This makes them handy because you can react fast to changes in the cryptocurrency market and make trades easily.

However, being online always means that bad actors can more easily hack or attack them.

Even though hot wallets are great for managing your digital money easily, it’s important to use strong security features like multi-step logins and encryption.

This helps keep your funds safe from cyber threats.

Here are some types of hot wallets to store Dogecoin:

• Online wallets: Cryptocurrency exchanges offer these wallets to help you manage your Dogecoin efficiently via websites or applications
• Desktop client: These are apps that you install on your computer
• Mobile wallets: These are mobile applications specifically designed for smartphones and tablets that allow you to access your Dogecoin wherever you are
• Browser extension wallets: These are extra features you add to your web browser that let you use online wallets

Cold Wallets

A cold wallet is a physical vault in which you can store your Dogecoin.

It’s not connected to the internet, so hackers and viruses can’t get to it.

This means your digital money stays safe from online attacks.

This means that you truly own your Dogecoin, giving you control and trust in the decentralized idea crypto is based on.

Listed below are types of cold wallets suited for Dogecoin storage.

• Hardware wallets: These are physical devices specifically designed for securely storing cryptocurrency keys offline
• Paper wallets: This involves printing out the private and public keys onto paper and storing them in a secure location. There are websites and software that can help generate paper wallets securely
• Offline software wallets: Software wallets that are installed on an offline device, such as a computer not connected to the internet or a smartphone in airplane mode

Why Should You Buy DOGE? What is it Good For?

Dogecoin, once viewed as a joke, has emerged as a major player in the cryptocurrency industry.

This crypto token has a friendly community. This community often rallies around charitable causes and fun events, fostering a sense of camaraderie among supporters.

Some individuals buy Dogecoin as a speculative investment. They hope that its value will increase over time.

Dogecoin’s price has experienced significant volatility, offering opportunities for traders to profit from price fluctuations.

Dogecoin can be a low-risk way to learn about blockchain technology, digital assets, and the mechanics of buying, storing, and using cryptocurrencies.

Besides, Dogecoin is becoming more useful as a way to buy items.

Since the COVID-19 pandemic, when traditional payment systems encountered challenges, more and more stores have begun accepting it as a payment method. As a result, transactions have become both fast and cheap.

Moreover, fees for DOGE transactions are typically lower than those for traditional banking.

So, it becomes a desirable alternative for money transfers, especially when compared to other digital assets.

Last but not least, Dogecoin is widely available on various crypto exchanges, making it easier to buy than its counterparts.

Therefore, it offers convenience and accessibility to those interested in investing or using it for transactions.

Why Trust Us?

Here at CryptoManiaks, we take crypto seriously. We keep our approach simple by thoroughly analyzing and researching the latest Dogecoin trends.

Besides, we actively engage with its community and closely monitor its ups and downs.

Our team has real-world experience, making transactions and learning along the way.

Every recommendation we make is based on our belief in DOGE’s potential and our high standards.

We’re all about honesty and clarity, so we only recommend platforms and strategies we truly believe in.

Our goal is to help you understand how to buy Dogecoin. Trust us to guide you throughout your investing journey!

Frequently Asked Questions

1. 01.

   How Do I Create a Wallet for Dogecoin?

   

   Start by selecting a trustworthy wallet provider with strong security features like encryption and two-factor authentication. Then, either visit its website or download its mobile app. Click on “Create Account” and follow the instructions to set up your wallet. Then, input your personal details and create a strong password. After creating your account, you’ll receive a unique wallet address, enabling you to send and receive Dogecoin hassle-free.

2. 02.

   Who Can I Contact if I Have Issues With My Dogecoin Purchase?

   

   Since Dogecoin is an open-source peer-to-peer digital currency, there’s no real way to find Dogecoin support. However, you can contact the platform you’re purchasing DOGE on. If you’re using a centralized exchange, you’ll likely find customer support with ease. If you’re on a decentralized platform, you may have some difficulties.

3. 03.

   Who Should I Consult Before Investing in Dogecoin?

   

   Before diving into Dogecoin investments, it’s wise to seek advice from a financial advisor or a certified cryptocurrency expert. These professionals bring deep knowledge and experience in investment strategies tailored to your goals and risk tolerance. They analyze market trends, evaluate the risks and rewards of Dogecoin, and guide informed decision-making. Moreover, they help grasp the technicalities of purchasing and storing Dogecoin securely, safeguarding investments.

4. 04.

   What Is the Minimum Amount of Dogecoin I Can Purchase?

   

   The smallest amount of Dogecoin you can buy depends on the market and the exchange you’re using. As of 2024, many exchanges have set the minimum purchase at 10 Dogecoins. This ensures you have enough to cover fees and maintain a balance in your wallet. Yet, these limits may differ across exchanges, so it’s wise to verify with your chosen platform for precise details. Always check with the exchange to ensure you meet their requirements before making any transactions.

5. 05.

   What Are Some Tips for Securely Buying Dogecoin?

   

   First, select a trusted cryptocurrency exchange with strong security features like two-factor authentication and cold storage. Second, verify the website’s URL for HTTPS encryption to safeguard your data. Consider storing Dogecoin offline in a hardware wallet for extra protection. Finally, stay vigilant against phishing scams and avoid sharing private keys or personal details. Adhering to these guidelines ensures safer transactions, providing peace of mind throughout your Dogecoin investment journey.