7 Ways to Buy Dogecoin instantly (2022 Updated) – Beginner’s Guide

How to Buy Dogecoin (DOGE) – A Beginner’s Guide

By : Ofir Beigel | last updated : 1/12/22
Dogecoin is one of the oldest cryptocurrencies around. While it started out as a jest it promptly gained a lot of grip and a firm community. In this post I ’ ll explain a bit about what Dogecoin is and how you can buy it online .

Don’t like to read? Watch Our Video Guide Instead



How to Buy Dogecoin Summary

here ’ s how to buy Dogecoin :

  1. Get a Dogecoin wallet (Ledger, Exodus)
  2. Locate your Dogecoin address
  3. Find a Doge exchange (Binance, Bitpanda)
  4. Buy Dogecoin
  5. Withdraw your Doge

If Binance doesn ’ triiodothyronine work out for you, here are some extra buying options :

Binance

Credit/debit card, wire, crypto

Payment methods:

Read summary Visit exchange

Bitpanda

Credit/debit card, SEPA, crypto, SKRILL

Payment methods:

Read summary Visit exchange

eToro

Credit/debit card, PayPal, wire

Payment methods:

Read summary Visit exchange

Kraken

Wire, SEPA/SWIFT

Payment methods:

Read summary Visit exchange

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eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU ( by eToro Europe Ltd. ), UK ( eToro UK Ltd. ) & USA ( by eToro USA LLC ) ; which is highly volatile, unregulated in some EU countries and the UK, no EU or UK consumer protections & not supervised by the EU or UK regulative model. eToro USA LLC ; Investments are subject to market gamble, including the loss of principal .
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money .
CFDs are not available to US customers.
That ’ s how to buy Dogecoin in a nutshell. If you want a more detailed explanation about Dogecoin and how to buy it keep on interpretation, here ’ s what I ’ ll cover :

1. What is Dogecoin?

Dogecoin was created in December 2013 by Billy Markus, a programmer from Portland, Oregon. initially introduced as a antic cryptocurrency, Dogecoin ( DOGE ) gained a large on-line be and is now a very popular cryptocurrency. It is besides well known for its meme-inspired logo of a Shiba Inu chase .
The original plan was to limit Dogecoin to 100 billion coins. however, it was late decided that there would be a boundless provision of Dogecoins .
Dogecoin Nascar One of the greatest strengths of Dogecoin lies in its passionate community, who have done a great consider of fundraising. notably, supporters raised money to send the Jamaican bobsled team to the Sochi Winter Olympics adenine well as to sponsor NASCAR driver Josh Wise .
Dogecoin is besides used as a form of lean by the community on platforms such as Reddit and Twitter .

2. Buying Dogecoin in 3 simple steps

Step 1 – Get a Dogecoin Wallet

There ’ s no dearth of options when it comes to Dogecoin wallets. There are different types of wallets for you to consider, and each wallet can vary in terms of features, serviceability, and security .
hera are the most popular Doge wallets around :

Ledger

Hardware wallet

Type:

Overall rating:

Read review Visit web site

Trezor

Hardware wallet

Type:

Overall rating:

Read review Visit web site

Exodus

Web wallet

Type:

Overall rating:

Read review Visit web site

Coinomi

Mobile wallet

Type:

Overall rating:

Read revue Visit web site

Dogecoin Hardware Wallets

While being one of the safest wallet types available, a hardware wallet does require an initial investment. For comparison, software wallets are about always rid. The rationality hardware wallets are considered condom is because they keep the private samara to your Doge offline on a physical device .
The Ledger Nano S and the Nano X are very popular choices which support not entirely Dogecoin but over 1000 unlike crypto assets, you can read my review about them here. Likewise, the TREZOR One and TREZOR Model T are good options as well ( here ’ s my TREZOR recapitulation ) .

Dogecoin Software Wallets

A software wallet will store the private winder to your Doge on your device whether it be a fluid earphone, a desktop computer or a laptop. These wallets might be vulnerable to malware, so be sure to take the necessary precautions and merely download official or highly commend wallets .
You can choose a Doge-specific wallet such as MultiDoge. This is a wallet available for Windows, Mac, and Linux. alternatively, you could use a multi-currency wallet such as Exodus or Coinomi. here is my arrant Exodus recapitulation and you can read my complete Coinomi review here .
Hardcore Dogecoiners can besides download the wax customer for Dogecoin on the official site, however, this is not recommended for beginners ( or if you don ’ triiodothyronine know what a full node is ) .
For Android mobile devices, there ’ s the official Dogecoin Mobile Wallet, which by and large has golden reviews from users. unfortunately, there ’ s no such version for io .

Locate your Doge address

once you have your Dogecoin wallet it ’ s clock time to get your Dogecoin address. A Dogecoin address is a long string of letters and numbers that starts with a capital D followed by a number or another capital letter. here ’ s an model :
DBXu2kgc3xtvCUWFcxFE3r9hEYgmuaaCyD

Step 2 -Find a Doge Exchange

amazingly enough, Dogecoin doesn ’ t receive much corroborate when it comes to finding a reputable rally to purchase it on. only a handful of vet exchanges supply an option for purchasing Doge with Dollars or Euros .
here are the most reputable exchanges that allow you to buy Doge :

Buy Dogecoin through Binance

Binance, is a leading cryptocurrency central that supports the purchase of over 200 cryptocurrencies. The substitution has been around since 2017, is supported worldwide and allows users to buy Doge with a variety of traditional currencies and payment methods .
All you need to do is go to the change ’ s web site, pawl on “ Buy Crypto ” on the lead seafaring bar and choose your payment method acting, as shown below. You can read my complete Binance review here .

Buy Dogecoin through Bitpanda

Bitpanda is an austrian exchange that was founded in October 2014. Bitpanda allows residents of the EU ( and a handful of other countries ) to buy Doge and early cryptocurrencies through a variety of requital methods ( Neteller, Skrill, SEPA and so forth ). The daily specify for verify accounts is €2,500 ( €300,000 monthly ) for credit card purchases. For other payment options, the daily specify is €10,000 ( €300,000 monthly ) .

Buy Dogecoin through Uphold

Uphold is a New York-based chopine that offers trading for cryptocurrencies including Dogecoin, commodities, equities and decree currencies. You won ’ thymine find any visualize crypto features like lend or staking on Uphold, but you ’ ll be able to easily fund your explanation with a deposit tease or bank down payment and get started right aside following verification .
While there are no trade fees on Uphold, there are hidden spreads for each deal, so make indisputable you know how much you ’ rhenium paying before you make any trade on the platform .
You can read our complete Uphold revue here .

Buy Dogecoin through eToro

eToro – If you ’ re only concern in making a profit over Dogecoin ’ s price changes and you ’ re not into actually owning the coins, eToro is credibly the easiest and cheapest option. The company offers a friendly and intuitive UI to help you exchange DOGE for decree currency ( USD, EUR, etc. ) .
due to their relatively complicated withdrawal process, eToro is less recommend for accessing and using the actual coins. so, if you ’ re using eToro for investing only you can skip step 1 of getting a Dogecoin wallet, as you won ’ t be using the coins you ’ ll buy .
eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU ( by eToro Europe Ltd. ), UK ( eToro UK Ltd. ) & USA ( by eToro USA LLC ) ; which is highly explosive, unregulated in some EU countries and the UK, no EU or UK consumer protections & not supervised by the EU or UK regulative model. eToro USA LLC ; Investments are topic to market gamble, including the loss of principal .
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money .
CFDs are not available to US customers.

Buy Dogecoin through Kraken

Kraken, Founded in 2011, the US exchange allows you to deposit funds via a credit card or a wire transfer. Users in Europe can benefit from the fast and free SEPA deposits. once the funds are in your report you can well buy Doge using the “ Buy Crypto ” yellow journalism in the exchange ’ s top navigation bar .
It ’ mho significant to note that Kraken uses the XDG ticker symbol for dogecoin and not the DOGE watch symbol which is wide accepted on most exchanges. You can read my arrant Kraken review here .
buy doge kraken

Buy Dogecoin through Changelly

Changelly is one of the few places that will allow you to buy Dogecoin with about any currency ( decree or crypto ). Changelly is a conversion service that works relatively promptly and doesn ’ t command anything more than an electronic mail to sign up. The downside is that it can take up a bunch in fees ( specially if you buy Doge with your credit circuit board ) .
You can read my Changelly review here .

Buy Dogecoin through Gemini

Gemini is an central based in New York, most long-familiar for being founded by the Winklevoss twins. Traders on Gemini can make instant purchases using a bank card, or deposition decree currentness using wire transfers or ACH .
To make a leverage, suction stop “ Dogecoin ” on the splashboard under “ Markets ”, enter the total that you wish to purchase, then click “ Review Order ” to check the purchase details before finalize .

You can read my complete Gemini follow-up here .

Buy Dogecoin through Bittrex

Bittrex is a US based cryptocurrency exchange that has grown in popularity in holocene years. It offers a DOGE/BTC couple like to Kraken. This means that you will need to either buy Bitcoin or deposit Bitcoin in ordain to exchange it for Doge. You can read my wax Bittrex review here .

Buy Dogecoin through Coinbase

Coinbase is a regulation-friendly US-based cryptocurrency exchange, which has been around since 2012. It is besides one of the merely publicly-traded crypto exchanges in America .
Users can buy cryptocurrency on Coinbase well using a linked credit tease or savings bank account. Simply click the blue “ Buy/Sell ” button at the top of the splashboard, select the ask coin in the dropdown menu, and enter the come that you wish to purchase. You can read my accomplished Coinbase review here .

How to Buy Dogecoin with a Credit Card or Debit card

The easiest way to buy Dogecoin with a credit card would be through Binance ’ sulfur “ Buy Crypto ” section. Be aware that purchases with a credit/debit circuit board normally have higher fees than with a savings bank transfer, but are besides processed faster. If Binance doesn ’ triiodothyronine work out you can always use Kraken as another reputable option .

How to Buy Dogecoin with PayPal

There are very few cryptocurrency exchanges that accept PayPal payments. For this reason, there are no options when it comes to buying Dogecoin with PayPal. however, you can use LocalBitcoins, which let you use PayPal to buy Bitcoin. then you can transfer the Bitcoin to Changelly and trade it for Dogecoin .

Additional buying options

A number of smaller cryptocurrency exchanges, Exrates, YoBit, and Livecoin, all have DOGE/USD pairs. LiteBit.eu and Bittylicious and Cryptomate offer brokerage house services for Dogecoin via EUR or GBP .
Remember, it ’ randomness constantly worth checking out reviews of cryptocurrency exchanges before signing up and buy .

Step 3 –  Withdraw your Dogecoin

It ’ mho constantly sensible to store your cryptocurrency in a wallet rather than on an exchange. This reduces the hazard of your cryptocurrency being lost or stolen .
so wear ’ deoxythymidine monophosphate forget to withdraw the Doge you ’ ve bought out of the central and into your own wallet using the address you got in gradation 1. If you keep your Dogecoins on the exchange, you ’ ve basically given up the control of the coins—if the rally gets hacked or goes bankrupt, you may end up losing them .

3. Frequently Asked Questions

Is Dogecoin on Coinbase?

No, Dogecoin is not listed on Coinbase .

Can I Mine Dogecoin?

Yes you can mine Dogecoin. Like Bitcoin, Dogecoin has a blockchain that ’ s maintained by a mine system. The samara dispute is that Dogecoin uses Scrypt, a unlike mining algorithm than Bitcoin ’ s SHA-256. originally, the Scrypt algorithm was designed to be ASIC-resistant, however by now ASIC manufacturers found a way around that, so it is only profitable nowadays to mine Dogecoin with ASIC miners .

How do I Convert Bitcoin to Dogecoin?

You can use Binance or Bitpanda to exchange BTC to Doge.

4. Conclusion

Dogecoin is an build cryptocurrency that has been around since 2013. It has a passionate community that enjoys fund-raise and using Dogecoin to tip other users on Reddit and Twitter .
While this cryptocurrency doesn ’ t have any meaning advantage over other coins, the adoption it mustered throughout the years makes it seem like it ’ sulfur here to stay .
Have you used any of the above wallets or exchanges ? What do you think of Dogecoin ? Let me know in the comments below !

reference : https://ontopwiki.com
Category : Finance

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