How to Buy Dogecoin If You’re Lost and Don’t Know Where to Start
It looks like we are on this cryptocurrency roller coaster for a long time. One name you probably see pops up a lot is Dogecoin, represented by the classic Shiba Inu Doge meme . Dogecoin was launched in 2013 as a joke, but despite its origins, it is now worth real money and has the backing of Elon Musk and Mark Cuban. And you can get into DOGE too, even if you are new to cryptocurrency.
Where to buy Dogecoin
We have an entire guide to buying crypto on various exchanges including Coinbase and Kraken . You can also purchase DOGE on Binance and Gemini , as well as several other apps listed in this r / dogecoin thread . When you buy on these platforms, you can send and receive Dogecoin from your personal wallet.
Also, you can trade in the Doge through a bunch of online brokerage, including Robinhood , Webull , Etoro and Sophie active investing. This path is for those who just want to speculate, but not use Dogecoin, since in reality you will not have DOGE and / or you will not be able to withdraw coins to the wallet.
Also note that different exchanges and brokers have different commission structures and can only accept certain currencies – a different cryptocurrency versus fiat currency like the US dollar – to buy Dogecoin. Before choosing your approach, you will want to check how much their transactions will cost and how many steps they will take.
Finally, it must be said: the cryptocurrency market is volatile and complex, and this information is in no way financial advice. Do your own research before spending money. Dogecoin has a very active subreddit and Discord community for anyone looking for specific DOGE support.
If this all sounds very complicated, then it is. But if you’re ready to dive into DOGE, here’s a quick start guide.
How to set up a personal wallet
You can technically buy and store your cryptocurrency on an exchange, but the safest way to store your coins is to withdraw them to your personal wallet. Cryptocurrency wallets can be digital or physical – depending on currency or common use – but basically they help protect your assets with a private key.
Dogecoin has its own wallet that you can download and configure with these walkthroughs for macOS, Windows (32-bit and 64-bit) and Linux (32-bit and 64-bit), as well as iOS and Android . However, if you want to go crypto outside of DOGE, you can create a shared wallet like Exodus or Ledger.
How to buy DOGE
All you have to do to buy Dogecoin is go to the exchange that sells it. You will need to create an account and the buying process and the payment methods you can use will vary from there. You should also make sure that you can sync your wallet in order to withdraw your coins from the exchange if you wish to do so.
Again, buying and trading cryptocurrencies comes with risks, so proceed with caution and don’t lose more money than you can afford to lose.