Where To Buy Doge?

Every dog has its day… And today, it’s Doge’s day!

So you want to buy Doge but don’t know where? No problem! We’re going to run through best crypto exchanges you can buy Dogecoin from, then have a look at the coin in a bit more detail, and then a quick guide on making your purchase.

Doge is still in the top 10 cryptocurrencies by market cap. This is remarkable considering it was essentially started as a joke to troll Bitcoin with. Doge has seen support from the likes of Elon Musk and Mark Cuban in recent years. The Doge community is also a huge reason as to why Doge is still thriving so many years on.

Without further ado, let’s start looking at exchanges you can buy Doge from!

eToro

eToro is a good place to grow your investment portfolio. You can buy doge directly.

To buy doge on eToro, download their app or visit their website, create your account, verify your identity, and then purchase doge directly.

Buying dogecoin is easy with this crypto exchange.

One of eToro’s best features is its demo feature which allows you to play with fake money if you are not ready to invest real cash yet.

Another cool feature they have is being able to copy the trades of other users. You get to see and copy what they are doing – and it doesn’t cost anything. Following richer, more established crypto wallets is a good way of learning about the market and how they act.

eToro has a long list of other cryptocurrencies you can buy.

Take advantage of eToro’s lengthy list of financial services they provide – you can buy particular stocks, trade currencies – and more.

Pros

• Lengthy track record
• Approved licensing in the UK, Europe and Australia 
• View the past performance of other traders and copy their trades
• Lots of different financial instruments to take advantage of (e.g. securities)
• A highly recommended investment app

Cons

• $200 required to use the CopyTrade system
• Crypto trading also requires a minimum funding threshold to begin to trade any crypto
• Less popular coins than other main exchanges (but still a respectable list)
• They don’t regularly list new coins

Binance

Binance is a great exchange to buy Dogecoin on.

Binance brags as being the biggest cryptocurrency exchange in the world.

To buy Dogecoin on Binance, simply download the app or visit the Binance website. Create an account, verify your identity, and then use your preferred payment methods to buy Dogecoin! You can buy directly, or onramp your fiat money and trade your fiat for Doge via the Binance marketplace.

Binance is a good place for beginners to buy dogecoin.

The interface is simple and easy to use, so you shouldn’t have a problem making your dogecoin purchase.

Should you wish to buy more coins, Binance has one of the largest lists to choose from.

Pros

• Choose from a wide variety of coins, not just Dogecoin
• Enjoy plenty of features like peer to peer trading, borrowing, leveraged trading and more
• Relatively low fees relative to the benefits available
• Easy way to purchase cryptocurrency
• Fast crypto transactions
• A few different ways to buy ADA with

Cons

• Identification verification process can take a few days
• Unclear corporate structure
• Binance often face regulation issues. Make sure you are able to use them in your country, and that they don’t face issues where you are.

Overall, Binance is a good place to invest in dogecoin. Everything is straightforward, the fees are reasonable and you can find loads of other coins if you want to invest in more than just Doge.

Coinbase

Coinbase is a good exchange to start buying Doge from.

Coinbase is available in the US, UK and lots of other countries. They are one of the biggest cryptocurrency exchanges ever.

What sets them apart is their ease of use, customer service, choice of coins, and relatively low fees.

Coinbase boasts of being one of the biggest cryptocurrency exchanges in the world. Their customer service, ease of use and relatively low fees make it a good choice for a beginner investor.

Coinbase has a huge amount of users, estimates at 70 million+ and from over 100 countries. They hold billions of crypto assets themselves, as well as have billions on trade volume each day.

How to buy Dogecoin on Coinbase? The process is simple. Create a Coinbase account, sign up and verify your identity, connect your payment method, and then you can buy dogecoin directly. Or, onramp fiat money to Coinbase and exchange your currency for dogecoin on the Coinbase market.

Remember, Coinbase Pro provides cheaper fees. Consider joining Coinbase Pro if you are going to be adding a lot of money to Coinbase and making lots of trades.

Coinbase allows you to buy and sell other major cryptocurrencies also.

Pros 

• All of the top coins are available to buy
• 2-factor login security authentication
• Watch to earn videos and quizzes
• Easy to deposit money
• Lots of options. Buy, sell, trade, borrow, commerce, NFTs and more!

Cons

• Not the cheapest transaction costs
• Not available to use in all countries

Coinbase is a great exchange choice – if it is available in your country. You can buy dogecoin, sell dogecoin, trade dogecoin and take advantage of the other brokerage services

Investing In Dogecoin

Let’s look at doge in more detail.

Doge was founded by Billy Markus and Jackson Palmer. It was largely started as a joke to combat the Bitcoin community. A cult following slowly grew around it over the years and doge finally rocketed in value in 2021. Doge rose more than 7,000% during the first half of 2021 and started a “meme coin season” – which saw thousands of other doge-like coins explode too.

But What Is Dogecoin Exactly?

Dogecoin was named after the popular Shiba Inu dog meme who was known for speaking in broken English. The doge would add words like very and much onto… everything! For example, doge would say “very teamwork, much excellence”.

Doge is a blockchain, and it was a fork of Bitcoin’s code. The two software engineers made sure to combine some of Litecoin’s code so as to avoid the mining that happens with Bitcoin. An issue doge faces are there is not a limited supply. More and more dogecoin can be minted, unlike Bitcoin, which means the value can be easily diluted.

Should You Buy Doge?

Dogecoin’s main use is that it is a fast method of payment. Lots of businesses accept Dogecoin as payment, but this won’t be enough to send Doge into mainstream usage. Fast transactions are useful. but Doge simply doesn’t have the infrastructure or real-world use case right now. Doge certainly won’t be able to compete with the likes of Bitcoin or Ethereum. Dogecoin does not have smart contracts like Ethereum, nor does it have a limited supply like Bitcoin, so it cannot be used as an adequate store of value.

Doge copied GameStop’s technique of growing through Reddit. They started gaining widespread traction in 2021 after creating a huge buzz on Reddit. Finally, Elon Musk tweets sent Dogecoin into an absolute frenzy. Mark Cuban also announced he would accept payments at the Dallas Mavericks.

Doge saw the end of its rise after Elon appeared on Saturday Night Live. Doge was riding high at $0.71, but fell to $0.45 in a matter of 45 minutes. By the next day, Doge was valued at $0.40 and $35 billion of market capitalization had been wiped away.

Buying Dogecoin

So you want to start buying Doge? OK! Let’s go through the basic steps to buy Doge:

• Firstly, pick a crypto exchange from the list above. See which is suitable for your needs, your country and has a payment method you can use.
• Secondly, download the app or visit the website of that exchange.
• Create an account and verify your identity. In some cases, this can take a few days.
• Onramp fiat money onto the exchange. Use bank transfer, wire transfer, Paypal etc.
• Buy Doge directly, or buy another token and swap it for Doge.

And there you have it! You are a proud owner of Dogecoin!

Let’s look at some last FAQs about Doge to see if you think it is a good digital asset for you to invest in

Dogecoin FAQs