Additionally, DEXs do not require KYC/AML (anti-money laundering) procedures, meaning that users can trade cryptocurrencies without providing personal information. DOGE is the original meme coin and has weathered numerous market cycles to remain a prominent player in the cryptocurrency space. Also, despite the meme coin status, it is ranked seventh globally in terms of crypto market cap (as of Nov. 26, 2024).
How to Buy Dogecoin: 5 Best Ways to Buy DOGE Crypto
Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. Around mid-May 2025, you’ll usually find Dogecoin hanging out in the top 10 biggest cryptocurrencies when ranked by total market value, sitting somewhere near $34.9 billion USD. Daily, it sees a lot of action, with trading volumes typically bouncing between $2.15 billion and $2.40 billion USD. You can easily buy and sell it on major exchanges like Binance and Coinbase; there’s plenty to go around.
This prolonged consolidation creates tension in the market, setting the stage for a potential breakout. Traders closely watch this range, anticipating a decisive move that could send Bitcoin soaring past its all-time high or tumbling below critical support. Historically, such low-volatility periods often precede explosive price action, making this a crucial moment for crypto investors. Save the Children is a global humanitarian organization that accepts Dogecoin (DOGE) donations to support its mission of improving children’s lives worldwide.
The market structure resembles a pennant, a technical pattern known for trapping prices within narrowing boundaries before a breakout. This setup suggests a high probability of a significant move, with the direction likely determined by upcoming macroeconomic data and investor sentiment. If Bitcoin can break above $105,000, it could ignite a broader crypto rally, potentially pulling altcoins along for the ride.
- The market can be highly volatile and unpredictable, which makes security measures even more crucial for protecting your investment.
- Coinbase is a regulation-friendly US-based cryptocurrency exchange, which has been around since 2012.
- A fully decentralized swap service coupled with the previously mentioned benefits of Atomic Wallet when it comes to security allows for a safe trading environment.
- Just make sure to do your research and choose a reputable and secure platform to make your purchase.
EToro is a great option for US customers who want to invest in Dogecoin. There is a minimum $10 USD amount to fund an account using a user-friendly trading platform and visual portfolio manager. EToro is a social trading platform that listed Dogecoin on 9th May 2021. It combines social media features with its standard trading utilities to allow the traders on the platform to interact with each other.
We’ve listed some popular ways to buy DOGE and what you should know about each payment method. While this has helped make DOGE the #8 crypto by market cap, Dogecoin is still a highly volatile asset capable of major price swings in a single day. You can choose to store your Dogecoin in a hot wallet or a cold wallet outside of your exchange. Hot wallets are digital and connected to the internet whereas cold wallets are physical hardware that you can disconnect, making them much less susceptible to hacking. While there are viral stories of people who invested trivial amounts in DOGE but are now millionaires, invest with caution. Cryptocurrencies are very risky investments, and Dogecoin is uniquely volatile because it has an unlimited supply.
Become the smartest crypto enthusiast in the room
When booking, prices are displayed in fiat currencies, and the chosen cryptocurrency is converted at the current exchange rate, maintaining price stability for Travala. While decentralized exchanges are more secure, most users choose to buy their crypto assets from centralized exchanges. To buy from any of these exchanges, you must create an account and complete your KYC verification. Let’s take Binance as an example, as it’s the biggest cryptocurrency exchange in terms of trading volume worldwide. You will need to create an who are market makers keeping markets healthy account on Binance, provide personal details and pass KYC verification. Once your account is set up, follow the steps below to purchase Dogecoin.
Bitcoin has a 21 million cap, whereas Dogecoin doesn’t have one, making it an inflationary coin. While individual mining rigs are useful, you can always join a mining pool or work with a cloud mining service companies that accept crypto to keep mining DOGE. ➤ While Bitcoin operates using the SHA-256 cryptographic algorithm, Dogecoin runs Scrypt.
This provides an alternative payment option that can be faster and more secure than traditional payment methods. Investing in cryptocurrencies like Dogecoin requires a good understanding of security measures. Cryptocurrencies are digital assets, meaning they’re susceptible to cybersecurity threats. Therefore, ensuring the security of your investment should be a top priority. While the basic functionality of our wallet does not have any additional fees, there is a flat 2% fee ($10 min) that you’ll have to pay if you buy cryptocurrency with fiat.
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However, the rate at which it inflates actually slows down over time because the total number of coins in circulation gets bigger. Dogecoin’s building blocks actually came from Luckycoin, which itself was a spin-off of Litecoin. This family tree meant Dogecoin got Litecoin’s Scrypt code for how it confirms transactions, its Proof-of-Work (PoW) system.
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Why we chose these platforms
- This gives you full control over your investment and reduces the risk of theft.
- The total number of current users in each cryptocurrency exchange platform.
- They will store the private key to your Doge on your mobile phone or computer and might be vulnerable to malware.
- There are over 148 billion Dogecoin (DOGE) tokens in circulation as of March 2025, and over a million new tokens are minted every day.
Since its inception in 2013, Dogecoin has gained what could be described as a “cult following”. It is one of the most recognised and popular cryptocurrencies and has paved the way for dozens of meme coins, including Shiba Inu and Baby Doge. In addition, some online merchants and businesses accept Dogecoin as a form of payment for goods and services.
As with any form of investment, buying Dogecoin comes with its own set of risks and considerations. It’s important for new investors to understand these factors before jumping into the world of cryptocurrency. The next step is, of course, to provide the information relating to the payment. In Atomic Wallet, you can buy Dogecoin with a debit card or a credit card. Thus the next screen will require you to provide your credit or debit card info, your name, the numbers on the back, all the usual stuff.
How to buy Dogecoin in Atomic Wallet?
Once you’ve settled on the number you’re willing to invest, tap ‘Continue’. In some cases, you may also need to undergo a Know Your Customer (KYC) verification process. While several differences exist, the most prominent comparison in the Dogecoin vs.Bitcoin conversation has to be the supply cap.
Final crypto exchange evaluation conclusion based on research, expert opinions & user feedback. Today, we’ll be looking at one of the more unique cryptocurrencies around – Dogecoin and finding out where and how to buy Dogecoin. Carefully consider investing in DOGE as part of a wider strategy, and talk to a financial advisor if you have any questions. FinCEN-registered exchanges contribute to a more secure financial system in the US and provide you with better consumer protections compared to exchanges based in other countries.
To learn everything you need to know about crypto wallets, click here. Stay up to date with our latest exchange reviews, promotions, how-to guides and educational articles on Bitcoin, cryptocurrency & more. Musk’s company SpaceX announced a moon mission funded by Dogecoin, becoming the first cryptocurrency to go to the moon. The cost of buying one Dogecoin can vary depending on the current market price, but as of current estimates, one Dogecoin is worth around $0.15 USD. You can make money with Dogecoin, but you will likely not get rich off Dogecoin as the token doesn’t have the supply or potential to offer massive gains. Our team is diligently working to keep up with trends in the crypto markets.