We strongly advise that you conduct thorough research, implement risk management strategies, and only invest what you can afford to lose. Phemex is not responsible for any losses you may incur buying or selling Dogecoin. Along with 384 other cryptocurrencies listed on Coinbase, you can fund an account using various payment options. Depending on their location, these can include ACH transfers, wire, SWIFT, credit and debit cards.
How to Buy Dogecoin on Coinbase
Like the other alternatives on cryptocurrency trading basics our list, Kraken offers various trading options, including staking, margin, and futures trading. The exchange’s advanced features make it ideal for experienced crypto traders and investors. All examples listed in this article are for informational purposes only.
What is Dogecoin (DOGE)?
- It now offers a varied range of services, including a P2P exchange capability and purchasing with credit or debit cards.
- Move your crypto to a wallet after purchasing, choosing ideally a hardware or at least a non-custodial option.
- It’s also one of the only publicly-traded crypto exchanges in America.
- Like BTC, DOGE also runs on a proof-of-work consensus and is mining-reliant.
- The broker is hugely popular in the US and while there are reported plans to expand into Australia there are no set dates as yet.
The platform offers social feeds through which investors can exchange ideas, comment on market behavior, ask any question, and more. Besides social trading, the platform supports a straightforward interface with all components neatly organized, appealing the most to novice traders. Besides ranking within the top 10 for Dogecoin trading, with a daily volume reaching up to $987.70 million, Bitmart is also an outstanding choice for staking Dogecoin. Investors can start with a minimum of 10 DOGE, and stake their coins with an APY rate of 0.50%. While following an investigation quadrigacx ceo found guilty of misappropriation of his clients’ funds many other crypto exchanges allow staking, the majority limit their services to only major coins like ETH or ADA. Besides Dogecoin, it’s also possible to stake 36 other coins as of this writing.
That means that you can send and receive DOGE in without any additional charges from our side. Typically, you get instant access to a portion of the money of your deposit for trading. If you deposited a large amount of money—typically more than $1,000—you may have to wait a few days for the transfer to clear before you can use the entire deposit. Learn the basics of Bitcoin mining and other cryptocurrency mining opportunities you may not know about. After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy. If you select a recurring buy you’ll have the option to choose between daily, weekly, twice monthly, or monthly purchases.
Dogecoin made headlines in February 2023 when one of Elon Musk’s tweets caused a spike in Dogecoin’s price. Dogecoin is a cryptocurrency created by Billy Markus and Jackson Palmer in 2013 as a joke, making fun of the wild speculation of the crypto market at that time. You can buy Dogecoin from any compatible centralized crypto exchange. Based on existing Dogecoin markets, you can head over to Binance, Coinbase, KuCoin, and other exchanges to get hold of DOGE.
What You Need To Open a Cryptocurrency Exchange Account
To purchase Dogecoin, you’ll need to open an account with a cryptocurrency exchange, where buyers and sellers meet to exchange cryptocurrency for dollars. Popular exchanges include Coinbase and Kraken, which offer simple, easy-to-use platforms. You can also purchase crypto using beginner-friendly investment apps like Robinhood. This can be a passive way to earn rewards, but it may require a minimum balance and may be subject to fees or other restrictions. Decentralized exchanges (DEX) are cryptocurrency trading platforms that operate on a decentralized blockchain network, meaning that they are not controlled by a central authority.
Dogecoin started as a joke, a literal meme, but quickly gained a strong community of crypto investors which has endured over many years. Its price can swing wildly based on social media trends, celebrity endorsements from the likes of Elon Musk, or the broader crypto market sentiment, making it a particularly volatile investment. Most exchanges let you add funds to your account from your credit or debit card, bank account, crypto wallet or other payment service. Transaction fees may apply, and your payment method may have a bearing on the amount you’ll pay. A growing number of crypto exchanges and trading platforms will also let you buy Dogecoin with PayPal.
How to Buy Dogecoin Buy DOGE in 4 Steps (July
When you buy Dogecoin, it’s important to transfer them to a digital wallet that you control, rather than leaving them on the exchange. This gives you full control over your investment and reduces the risk of theft. Thanks to our built-in swap feature you can not only purchase Dogecoin but also sell it in the wallet itself. You can trade DOGE for USDT, TRX, NEAR, or any other cryptocurrencies. There are various types of crypto wallets, including online wallets, mobile wallets, desktop wallets, hardware wallets, and paper wallets. Each type has its own advantages and disadvantages in terms of convenience, security, and control over your funds.
On that note, if you have a high risk tolerance then you might be interested in copay top Dogecoin Traders via eToro Copy Trade. The meme coin’s price started correcting in the latter half of 2021 before being crushed by the bear market that ruled 2022. Throughout the first half of 2023, the top joke currency’s price has been ranging between $0.09 and $0.06.
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- Most exchanges let you buy as little as $5 worth of DOGE, if not less.
- Although this often cause stress and panic to inexperienced investors away, buying the dip will allow you to buy DOGE coins and enter the market at a discount.
- The trading view is completely customizable with the assets that you trade the most and is very easy to navigate while providing a modern feel on both desktop and mobile.
- This is especially true with Dogecoin, which spiked by more than 150% since the election, briefly trading above $US0.40.
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Dogecoin is currently listed with virtually all the most popular exchanges and crypto trading platforms. You can buy it on such popular exchanges as eToro, Coinbase, Crypto.com, and even Binance. From the list of supported cryptocurrencies, choose Dogecoin and hit the ‘Buy’ option. Use it to customize the trade by indicating how many DOGE coins you intend to buy or how much you wish to invest in the digital asset.
Step 1: Compare and select a crypto exchange
BanklessTimes.com is dedicated to helping customers learn more about trading, investing and the future of finance. We accept commission from some of the providers on our site, and this may affect where they are positioned on our bitcoin ad banned for ‘misleading pensioners’ lists. This affiliate advertising model allows us to continue providing content to our readers for free. Final crypto exchange evaluation conclusion based on research, expert opinions & user feedback. Dogecoin is going through a bearish downtrend at the time of writing, which may not be the best opportunity for investing in DOGE. While advocates for Dogecoin believe in its strong community, it is difficult to see the coin reaching its height of $0.75 based on fundamentals alone.
Centralized exchanges (CEX) are cryptocurrency trading platforms that are operated and controlled by a central authority. They typically require users to create an account in order to trade cryptocurrencies. CEXs are popular because they offer a wide variety of trading pairs, high liquidity, and advanced trading features.
Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. When it comes to acquiring DOGE, the platforms listed above are all solid options to consider.