How to Buy Dogecoin (DOGE) – Step-by-Step Guide
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Even though it started as a joke, Dogecoin rose to become one of the best meme coins in the market. Launched in 2013 as a parody of the crypto scene, Dogecoin soon attracted a strong following, making headlines for its tipping culture, use at major events, and much more.
Despite its fame, Dogecoin has had a rocky performance history that is slowly changing with mild fluctuations. Currently, Dogecoin is trading at around $0.12 with a market capitalization of over $19.28B, showing a strong community and growing interest despite its origins.
This guide will help you understand how to buy Dogecoin easily without any hassle, whether you are a beginner, a crypto-curious person, or need to know what payment methods you can use to purchase the coin, such as Bitcoin, credit cards, and more.
How to Buy Dogecoin (Step-by-Step Guide)
In this section, we will explain all the steps to buying Dogecoin, from choosing an exchange to setting up your account to eventually holding your DOGE tokens.
1. Choose a Cryptocurrency Exchange
It’s important to choose a trustworthy crypto exchange that is easy to use, beginner-friendly, and transparent about transaction fees or other extra charges. You also have to opt for an exchange that’s secure and safe to use, such as MEXC, Coinbase, Binance, Kraken, or Gemini.
Most platforms allow investors to buy Dogecoin using different payment methods, including but not limited to crypto (like Bitcoin), cash, and credit cards.
2. Create and Verify Your Account
Once you know which exchange suits your needs and likes, you have to create and verify your account. Most exchanges require Know Your Customer (KYC) verification to verify your account and assess user risk for secure transactions.
The KYC process usually requires you to upload your legal ID to confirm that you are who you claim to be. Once confirmed, you have to set up Two-Factor Authentication (2FA) to secure your account.
You will also need to set up your wallet to be able to purchase and store your $DOGE tokens safely.
3. Fund Your Account
Dogecoin can be purchased using different funding options. If you are new to crypto, don’t have any crypto assets, or just don’t want to use crypto, you can use fiat methods.
Most crypto exchanges allow you to buy $DOGE directly using traditional (fiat) currencies. This means you can use your credit or debit card to purchase or even deposit funds. Usually, you would need to pay 2%-5% per transaction, depending on the exchange you are using and where you are located.
Transactions are almost instantaneous, but some exchanges set daily or monthly purchase limits for card transactions.
You can also purchase $DOGE via bank transfer, which requires linking your bank account and transferring cash directly to your exchange account. This method usually has lower fees, but the funds take more time to reach your account, up to 3 business days, while international wires can take up to 5 business days.
You can also fund your account using Bitcoin or other crypto pairs. To do so, you need only transfer an accepted cryptocurrency from your external wallet to your exchange account.
4. Search for DOGE and Place an Order
Once your wallet is funded, you can easily buy Dogecoin using a $DOGE trading pair, such as DOGE/BTC, DOGE/ETH, or DOGE/USDT, depending on which crypto you used (BTC, ETH, or USDT).
When placing an order, you have to know which type to choose. Market orders allow you to buy $DOGE instantly at the current best market prices. It’s easy, fast, and straightforward, but due to market fluctuations, it doesn’t guarantee the exact price.
Limit orders, however, allow you to set a specific price at which you want to buy $DOGE, and it would only execute if the market reaches that price.
5. Store Your Dogecoin Securely
Once you have secured your $DOGE tokens, you must store them safely. Choosing a top crypto wallet is important for security and convenience. There are two different types of wallets to choose from.
- Custodial Wallets: These wallets are exchange-based or hosted on third-party services where they hold and manage your private keys on your behalf. They are easy to use, especially for beginners. Examples include Coinbase, Binance, or Gemini
- Non-Custodial Wallets: This type of wallet lets you control your private keys directly, offering you full ownership and responsibility over your funds. They come either as software wallets like Best Wallet, Dogecoin Core, and Atomic Wallet, or as hardware wallets, such as Ledger Nano S/X and Trezor
Here is a quick overview of the best wallet options for holding Dogecoin:
| Wallet Type | Examples | Best For | Key Feature |
|---|---|---|---|
| Custodial Wallet | Coinbase, Binance, Gemini | Beginners, fast trading | Ease of use, quick access |
| Software Wallet | Atomic Wallet, Exodus, Dogecoin Core | Users wanting control and flexibility | Full private key control, multi-coin support |
| Hardware Wallet | Ledger Nano S/X, Trezor | Security-focused holders | Offline key storage, excellent security |
Alternative Ways to Buy Dogecoin
Other than using traditional exchanges, you can purchase Dogecoin in different ways, depending on your preferences when it comes to privacy, convenience, and payment options.
You can use Peer-to-Peer (P2P) crypto platforms that connect buyers and sellers directly, allowing you to buy Dogecoin without a middleman. You can even negotiate prices and payment methods, offering you more flexibility.
Another way is Dogecoin ATMs, which are rare but practical when possible. These physical kiosks allow you to buy $DOGE using cash or a card. Once the transaction is complete, you receive your funds directly to your wallet.
Lastly, you can use crypto brokers and Fintech Apps like Robinhood or PayPal. These apps allow you to buy Dogecoin quickly with an easy-to-use interface and simple fiat deposit options. However, these apps offer some limitations when it comes to withdrawals, as withdrawal options for Dogecoin are often limited.
What Is Dogecoin?
Dogecoin is a meme coin released in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. It’s based on the popular “Doge” internet meme that features a Shiba Inu dog.
Dogecoin’s protocols were based on the Litecoin Luckycoin, which uses Scrypt technology in its proof-of-work (PoW) algorithm. While it was meant to have a supply cap of 100 billion, Dogecoin later transitioned to an uncapped, inflationary supply. Dogecoin is also known for its fast and cheap transactions.
Even though it had a rocky start, Dogecoin later gained a vibrant community composed of meme lovers, crypto enthusiasts, and celebrities. For example, Tesla CEO Elon Musk frequently mentioned and supported the token, causing price spikes and added attention.
Starting to feel like The @DOGE has real potential
— Elon Musk (@elonmusk) November 16, 2024
Can I buy an actual Dogecoin?
You can’t buy “actual” Dogecoin because it’s not physical. It’s merely a digital cryptocurrency token. It exists only on blockchains and has no physical form like coins or bills. When you purchase DOGE tokens, you get digital tokens that are recorded on the Dogecoin blockchain.
Is It a Good Time to Buy Dogecoin?
Whether now is a good time to buy Dogecoin depends on different factors, such as price trends, expert predictions, and your investment goals.
As of mid-2025, analysts predict that Dogecoin’s price will show bullish potential by the end of the year. But, Dogecoin remains a highly volatile token influenced by market sentiment, celebrity endorsements, and overall market trends.
Before buying DOGE, you must consider a couple of key factors:
- If you are a beginner, buying now might be a good way to participate in a well-known meme coin.
- If you seek short-term crypto gains, you must be aware of volatility and market risk.
- Long-term investors might see the current prices as an opportunity if they think Dogecoin will continue to gain adoption and community support.
- Only invest what you can afford to lose, and don’t forget to do your own research before making any investment decisions.
How Much Is Dogecoin Worth Right Now?
As of December 21, 2025, the price of DOGE is $0.12. Over the past 24 hours, Dogecoin’s price has changed by around -1.87%. Compared to last week, Dogecoin has been facing some slight market fluctuations by around -3.13%.
Dogecoin has hit an all-time high of $0.75 in May 8, 2021
How much is $500 in Dogecoin?
Assuming that Dogecoin’s price is $0.24, $500 is worth 2,082 DOGE tokens. But, remember that Dogecoin’s price fluctuates rapidly thanks to its volatile nature, sentiment, and overall external factors, like celebrity endorsement.
The value of your DOGE in USD can change massively in the matter of hours or days.
Will Dogecoin reach $100?
It’s highly improbable that Dogecoin will reach $100 in the future based on current market metrics.
Let’s break it down:
- Market Cap: Dogecoin’s supply is inflationary, surpassing 150 billion coins in circulation. Therefore, for it to reach $100, it would need a large market cap in the trillions of dollars.
- Price Trends and Speculation: Even though it has shown impressive rallies and speculative spikes, price forecasts place DOGE between $0.20 and $0.35, with some hopeful predictions of reaching around $0.75, but nowhere near $100.
Tips for Beginners Buying Dogecoin
If you are new to the market and wondering how to buy Dogecoin for beginners, here are a couple of things to keep in mind before buying DOGE:
- Start with a small amount: It’s best to invest only a small sum you are comfortable with. This will help you familiarize yourself with the buying process without risking a lot.
- Don’t invest money you can’t afford to lose: Coins like Dogecoin are highly volatile. Only invest amounts that won’t affect your financial stability.
- Keep learning: This field is constantly evolving. You must follow market news and understand crypto trends.
- Choose reputable exchanges and secure wallets: Use well-known exchanges that are easy to use, have a good reputation, and are secure. Also, make sure you are securing your purchases in a safe wallet for better control.
Final Thoughts on How to Buy Dogecoin
Buying Dogecoin is easy once you know the ropes of how it works. All you need to do is create an account on a crypto exchange, fund your account, place an order for DOGE, and store your tokens securely in a wallet. You can also purchase DOGE tokens through P2P platforms, Dogecoin ATMs, and Fintech Apps.
You must remember that Dogecoin is very volatile and comes with risks. Make sure you do your own research before making any investments. Also, never invest more than you can afford.
If you are a beginner, it’s best to explore further educational content and be aware of the ins and outs of investing in crypto by joining Telegram crypto groups and Discord communities.
👉 Don’t Miss: How to Invest in Crypto: A Comprehensive Guide for Beginners
FAQs About Purchasing Dogecoin
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References
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