Where to Buy Dogecoin

You probably have heard about Dogecoin and Elon Musk’s undying support for the asset.

The meme cryptocurrency was one of the best performers in 2021, peaking in May before losing steam in the subsequent months.

However, there’s cause for optimism over the asset’s future performance. Dogecoin’s developers are working on additional use cases which will go a long way in strengthening the asset’s value proposition.

If you are thinking along similar lines and don’t want to miss the train, here’s where to buy Dogecoin.

What Is Dogecoin?

Dogecoin is a peer-to-peer, open-source cryptocurrency known for its remarkable evolution from a meme to a valuable altcoin.

The cryptocurrency uses blockchain technology to maintain a decentralized digital ledger that records all transactions.

Like Bitcoin, Dogecoin uses the proof of work (PoW) consensus mechanism, which relies on a distributed number of participants known as miners to validate new transactions.

However, Dogecoin is much more efficient than Bitcoin. Mining it requires far much less energy making it more environmentally friendly. Dogecoin transactions are also cheaper and much faster than the most valuable cryptocurrency.

It’s also instructive to note that Dogecoin was forked from the now-defunct LuckyCoin, a Litecoin (LTC) fork that uses the same codebase as Bitcoin.

The History of Dogecoin

In late 2013, software engineers Billy Markus and Jackson Palmer created Dogecoin as a joke.

The idea was to make fun of the rapid rise of the cryptocurrency industry, which had attracted a lot of money within a short period.

The two developers set out to make the project as ridiculous as possible. The logo they commissioned for the coin features the image of the Japanese Shiba Inu dog.

Still not connecting the dots? Here’s where the dog comes in.

Dogecoin is inspired by a popular meme that deliberately misspelled the word “Doge” to describe the Japanese Shiba Inu breed. The widely shared memes included colorful phrases to capture the dog’s inner monologue.

While the initial plan was to make fun of more established cryptocurrencies like Bitcoin, the digital asset would gain popularity in the following years, boosting its value.

According to cryptocurrency statistics, Dogecoin consistently features among the top 10 most valuable tokens.

Factor this: Dogecoin’s price rose from $0.04 in December 2013 to $0.96 in December 2017.

The asset would later peak at $30.63 in April 2021. However, the coin never achieved the same heights in the following months and closed August 2022 at $6.17.

Why Is Dogecoin So Valuable?

During its early stages, Dogecoin was not a hot prospect. However, it was slowly lifted to prominence by charitable causes initiated by crypto enthusiasts on popular online platforms like Reddit.

For instance, Dogecoin donors helped send Indian athletes to the Olympic Games in Sochi in 2014. This was after reports emerged that the group could miss out due to financial problems.

The coin is still used for similar initiatives to date.

However, the biggest driver behind Dogecoin’s growth is endorsements from celebrities. The first name that springs to mind is Elon Musk — the wealthiest person in the world.

Musk first expressed interest in Dogecoin in April 2019 through a tweet. He would later throw his weight behind the digital asset during a conference in July 2021 when he confirmed he owned three cryptocurrencies: Bitcoin, Ether, and Dogecoin.

His tweets at various stages of 2021 expressing support for the coin boosted the asset’s value leading to even more searches on where to buy Dogecoin. However,  despite these efforts, the excitement has always been short-lived, as most investors are yet to be convinced of its long-term prospects.

Musk is not the only celebrity Dogecoin supporter. A host of other big names have publicly endorsed DOGE. Billionaire Mark Cuban, rapper Snoop Dogg, and rock music superstar Gene Simmons have also massively influenced searches on the best way to buy Dogecoin.

Away from that, Dogecoin has several use cases but has cut a niche for itself as a tipping cryptocurrency. It is also used for payments and purchases.

It is also a store of value, but experts have questioned its long-term competitiveness. This is because the amount of Dogecoin that can be mined is not capped, leaving the asset susceptible to inflation.

Where to Buy Dogecoin

The rapid growth of the blockchain industry has ushered in plenty of options. However, the first thought on the mind of every investor is to work with the best available platforms. Here are the best platforms to buy altcoins, including DOGE.

CEX.IO

Headquartered in London, CEX.IO is a cryptocurrency exchange popular for being one of the first platforms to make fiat-to-crypto transactions accessible through card payments and bank transfers. The platform has over four million users across the world.

• Supports a wide range of cryptocurrencies
• Licensed in the US
• Strong security measures

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Headquartered in London, CEX.IO is a cryptocurrency exchange popular for being one of the first platforms to make fiat-to-crypto transactions accessible through card payments and bank transfers. The platform has over four million users across the world.

Changelly

Changelly is a non-custodial instant crypto exchange that doesn’t require a lot of personal information. It offers fast 5- to 30-minute transactions, a multi-currency wallet, and 50+ markets with competitive trading fees. They also come with 24/7 live chat support.

• 150+ cryptocurrencies
• 2M+ registered users
• 0.5% exchange fees

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Changelly is a non-custodial instant crypto exchange that doesn’t require a lot of personal information. It offers fast 5- to 30-minute transactions, a multi-currency wallet, and 50+ markets with competitive trading fees. They also come with 24/7 live chat support.

Uphold

Founded in 2015, Uphold is a multi-asset trading platform that combines the attributes of a cryptocurrency exchange, an online brokerage, and a forex trading app. Perhaps that’s the reason it has gained traction. Four million people across more than 184 countries use the platform.

• No withdrawal fees
• Wide cryptocurrency selection
• Automatic transactions

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Founded in 2015, Uphold is a multi-asset trading platform that combines the attributes of a cryptocurrency exchange, an online brokerage, and a forex trading app. Perhaps that’s the reason it has gained traction. Four million people across more than 184 countries use the platform.

eToro

Established in 2007, eToro is a multi-asset trading platform offering stocks, digital assets, and Exchange Traded Funds (ETFs). Its best attribute is its social trading feature which allows users to match the moves of expert traders.

• Regulated in multiple jurisdictions
• Offers a communal experience
• Plenty of educational resources

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Established in 2007, eToro is a multi-asset trading platform offering stocks, digital assets, and Exchange Traded Funds (ETFs). Its best attribute is its social trading feature which allows users to match the moves of expert traders.

Crypto.com

Crypto.com has been ranked as the most secure crypto exchange and has been awarded a AAA rating. The platform also supports 250+ cryptocurrencies and offers a high return on crypto assets. It also features some of the most advanced tools in the market.

• Competitive fees
• FDIC-insured fiat balances
• Transparency

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Crypto.com has been ranked as the most secure crypto exchange and has been awarded a AAA rating. The platform also supports 250+ cryptocurrencies and offers a high return on crypto assets. It also features some of the most advanced tools in the market.

How to Purchase Dogecoin on Each Platform

The exchanges listed above are built differently and have different features. As such, the process of buying Dogecoin on the best crypto exchanges is unique, as expounded below.

CEX.IO

Plenty of cryptocurrency exchanges offer Dogecoin. However, CEX.IO ranks among the very best.

Naturally, one of the factors that people scouting for where to buy Dogecoin are very particular about is pricing. CEX.IO does well in this regard with one of the most friendly fee schedules.

The London-based cryptocurrency exchange employs a maker-taker structure with fees capped at 0.15% and 0.25%, respectively.

Another impressive aspect is its security and compliance. The platform is regulated and licensed to operate in 193 countries.

However, to transact any business on CEX.IO, you’ll need to be a registered account holder. The good news is that the signing-up process is straightforward.

The first step is creating your account. At this stage, you will need to provide your email address, key in your preferred password, accept the terms of use and press complete.

Users also don’t have to worry about payment options. The platform supports several choices:

• bank transfers
• credit/debit cards
• e-wallets
• cryptocurrency

One of the biggest perks of using CEX.IO to purchase Dogecoin is that it makes the process seamless using the Instant Buy option, as illustrated below.

After logging into your account, you will first click on the “products” option and tap “Instant Buy.”

Follow that up by selecting “DOGE” and specify the fiat currency you intend to use.

The platform will lead you to another page outlining pre-calculated packs. Select one of them or enter the amount you wish to purchase.

You will then need to verify the information and select the card you wish to use. If you have not linked one already, you’ll enter a new one.

The final steps are accepting the terms of use and completing the purchase by clicking on the “buy now” button.

Debit/Credit Card

Alternatively, if you wish to use a card, here’s how you will go about it.

• Open the buy/sell page on the CEX.IO website or app
• Choose the amount you intend to purchase
• Enter your card number and expiry date. It will be connected to your CEX.IO account.
• Confirm your purchase, and you will receive the Dogecoin promptly.

Changelly

If you are looking to buy Dogecoin from a versatile exchange, Changelly is a perfect fit.

At 0.25%, the platform offers one of the lowest rates in the market. It also lists 200+ cryptocurrencies, including DOGE.

Another major plus is the exchange only partners with the most reliable fiat-to-crypto providers.

The Prague-headquartered exchange also supports several payment options, including:

• bank transfers
• debit cards
• e-wallets
• cryptocurrency

If you opt to go with Changelly, the buying process is rather straightforward and won’t take more than 10 minutes.

To do this, you must be an existing user. If not, you must sign up for an account, verify it and choose the “Buy” option.

You will then need to select the fiat currency you want to buy DOGE with and enter your country of residence.

From there, you will need to choose the best crypto offer provided by Changelly’s partners.

The next step will be to enter the address of your DOGE wallet. At this stage, you must be careful because crypto transactions are irreversible.

You will then be redirected to the website of Changelly’s fiat provider. This is where you will complete verification and choose your preferred payment method.

After you follow these steps, the newly purchased DOGE will be credited to your wallet within 15 minutes.

Uphold

Have you been wondering about how to trade Dogecoin?  It would be hard to compile the list of the best exchanges where you can do this seamlessly without mentioning Uphold.

Reason? It offers much-needed flexibility and some of the most advanced features in the market.

For instance, the platform allows cross-asset trading and offers 200+ cryptocurrencies. Perhaps this is why 10 million users across 150 countries use it.

The New York-based exchange does not charge deposit, trading, or withdrawal fees. It, however, charges a spread between 0.8% and 1.2%, depending on the asset.

The good news is that the signing-up process is simple. All you will need to provide is your email address and personal details.

Once that is done, Uphold will send you a link. Follow the link, create a password, and your account will be ready.

Uphold supports several payment options:

• bank transfers
• debit & credit cards
• cryptocurrency/utility tokens
• Uphold cards

You can fund your account using any of these methods via the “Add Funds” option on the panel.

To buy Dogecoin, select the “Transact” option and choose “DOGE” enter the amount you would like to purchase and follow the prompts to completion.

eToro

eToro is a globally renowned multi-asset trading exchange that ranks among the best places where you can trade Dogecoin.

The platform is a popular pick amongst investors for its social investing feature that allows you to mirror the moves of expert traders. It is also favored for its communal experience.

The Tel-Aviv-based exchange charges a 1% fee and supports 120+ cryptocurrencies, including Dogecoin.

It is also flexible in its payment options. The platform accepts:

• debit/credit cards
• bank transfers
• e-wallets

To sign up for an eToro account, visit the eToro page, where you will be required to provide some personal details. These include your name, email address, and phone number. Alternatively, you can also sign up using your Facebook and Google accounts.

You will also need to prove your identity by providing a copy of your official ID or passport. The exchange will also prompt you to corroborate your area of residence by providing a recent utility bill.

Once the account is up and running, buying Dogecoin on the platform is easy. Here’s how to go about it.

• Sign in to your account.
• Deposit funds to your account using any of the supported options.
• Select the “Trade Markets” option on your eToro dashboard.
• Select “Crypto”.
• Choose “DOGE” from the cryptocurrency catalog.
• Click “Buy” and enter the amount you want to invest.
• Complete the purchase by clicking “Open Trade.”

Crypto.com

Last but not least is Crypto.com which is widely regarded as the whole package.

The platform supports 250+ cryptocurrencies and has 50 million users across the globe. It also enjoys the status of being the most secure exchange with a AAA rating.

The Singapore-based exchange also charges low fees. It employs a maker-taker structure and caps its pricing at 0.075%.

The exchange supports several payment methods, which include:

• credit/debit cards
• e-wallet
• bank transfers

If how to buy Dogecoin on Crypto.com has been puzzling you, here’s how to do it.

• Open an account and authenticate your identity.
• Link your DeFi wallet to your Crypto.com account.
• Choose the Dogecoin (DOGE) wallet.
• Connect the wallet with your Crypto.com account.
• Select Dogecoin in the “Top Coins” section and tap “Buy Now”.
• Enter the amount you wish to buy.
• Specify the card you wish to use in the Crypto.com app.
• Confirm the transaction.

After you complete these steps, the Dogecoin will arrive in your wallet within a few minutes.

Final Thoughts

Dogecoin’s journey has been remarkable. From being the underdog to becoming the richest man’s favorite crypto.

Although the coin has been unable to sustain its best performances, some analysts have tipped the asset to perform strongly in the future.

If you decide to invest, then you will certainly benefit from our listing, which outlines where to buy Dogecoin.

All you have to do is do your own thorough research and avoid getting carried away by celebrity endorsements.