Where and How to Buy Dogecoin in 2022 (Fast and Easy)

You will get to know about how you can buy dogecoin with a credit card, PayPal, or USD

Introduction to Dogecoin

Before buying dogecoin you should know about dogecoin and its history behind it. 

Dogecoin is the oldest cryptocurrency in the crypto world. It was actually introduced in 2013 By Billy Marcus and Jackson Palmer. These two developers introduced dogecoin as a joke. Even If you look into the dogecoin website there are memes and comic sans it is goofy overall. 

This dogecoin is internet money. It runs on a decentralized platform that allows users to trade Dogecoin at its given exchange rate.

The main goal of the doge was to introduce a cryptocurrency that was free of controversy because at that time people were either skeptical or not informed about what cryptocurrency was all about.

Despite all of this dogecoin, now doge is used for tipping on sites like Reddit, Twitch, and Twitter.

This is also used for selling a house and in poker industries.

So for now, let’s take Dogecoin for what it is and easy to trade assets with low transaction charges. So are you ready to know how and where to buy this dogecoin?

What is Dogecoin?

Dogecoin is a peer-to-peer, decentralized digital currency. Dogecoin was introduced as a joke in December 2013. It’s the oldest coin in the cryptocurrency world. This coin was made to send money easily anywhere in the world. 

If you see the doge coin logo it’s a dog that is used in a meme. Because of this, it has gained popularity in crypto.

How to Buy Dogecoin?

Simple steps to buy dogecoin:

1. Get a dogecoin wallet
2. Create an address of doge
3. Select a dogecoin exchanges
4. Deposit bitcoin on the exchange
5. Buy dogecoin with bitcoin
6. Transfer it into your Wallet

Step 1: Select a dogecoin wallets

You must be thinking about why you want wallets.

Wallets are used to store your cryptocurrency like a bank where you store your fiat currency.

There are different types of a wallet like hardware wallets, mobile wallet, a desktop wallet, and exchanges also have their own wallets.

Hardware wallets for doge

Storing your dogecoin in Hardware wallets will be more expensive, but it will be secure, and it’s tough to hack. The best hardware wallet is ledger nano x. This hardware wallet stores more than 1000+ cryptocurrency. 

Desktop and Mobile Wallets

Dogecoin has its own desktop and mobile wallets which will be good for security. Here is the link for doge wallets. 

Exchange wallets

Exchanges also store cryptocurrency which is very easy to do. 

In this guide, I will store dogecoin in desktop and mobile wallets or kept in the exchanges.

Step 2: Create an address for dogecoin

Creating an address is very easy but first, what do I mean by address. 

In any wallet, there is a public key which is called an address. 

If your friends want to send you a dogecoin then you should give him a public key which you will find in the desktop or mobile wallets.

First I’m going to show you a desktop wallet.

Download the wallet.

Choose an operating system that your computer supports.

Install the wallet.

Installation is very simple, you just have to click the ‘next’ button.

After installing the open .exe file where you have installed the doge wallet.

It will look like this.

Let your wallet get connected to the internet. Make sure your internet is on.

Click on ‘Trade’ then select ‘Request Dogecoin’ there you will find the address for dogecoin.

So you get the dogecoin wallet there.

I’m also showing you a mobile wallet.

Download Wallet from Playstore: Click Here to get

Install the Wallet. After installation, it will look like this.

Just click on that ‘tag’ there you will get an address.

Copy that address.

Step 3: Dogecoin Exchanges

There are many dogecoin exchanges like Binance, Kraken, etc.

In this guide, I will show you how to buy dogecoin from a Binance account. 

Create a Binance account. (If you don’t have)

Step 4: Deposit Bitcoin on exchange

You can directly buy bitcoin from Binance or if you already have bitcoin then you can transfer it to Binance to buy dogecoin.

Step 5: Buy Dogecoin with BTC

Go to spot trading.

Search the pair “DOGE/BTC” then click on the “Trade” button.

Make sure your pair is in BTC not in USDT or any other currency.

Enter the amount of dogecoin you want then click on ‘Buy Doge’ before that you must see that you are selecting a limit order or market order.

In the limit order, you are bidding the amount. That means if you are selected at the 0.00000017 satoshi price to buy a dogecoin. If the market value of the dogecoin goes to the price of 0.00000017 satoshi then your order will be executed or else it will hold your execution until it comes to your bidding price.

In the market order, you are purchasing at market value. It executes your order immediately at the market price of dogecoin.

If you want to buy immediately then go for a market order or do a limit order and wait for your price value to come.

Here I am buying the market price of dogecoin. You just have to enter the amount then click on ‘Buy Doge’

If you want to see your dogecoin then click on wallets then search doge.

It will display your amount and value of your doge into BTC.

You can hold your dogecoin into Binance exchange also no need to transfer into a wallet.

I suggest you hold all your cryptocurrency into wallets because it’s safe and secure. 

Step 6: Transfer it into your Wallet

It’s the last step where you transfer your dogecoin into wallets.

Transferring an amount takes some time so don’t get panic if it doesn’t reflect on your wallet.

Click on ‘withdraw’ as shown above.

Enter your wallet address in the “Recipient’s DOGE Address” input box.

Then enter the amount you have to transfer it into your wallet.

Then click on “Submit”.

Transferring an amount takes some time so don’t get panic if it doesn’t reflect on your wallet.

These were some basic steps you should follow to buy dogecoin.

Buy Dogecoin with a credit card

Buying dogecoin with a credit card is very simple but there are very few options to buy with a credit card.

Here’s how to buy Dogecoin with a credit card:

1. Go to the Binance website. Login or Signup.
2. First Buy Bitcoin in Binance account through credit card.
3. On the Binance website click on ‘BUY CRYPTO’
4. Select debit/credit card. 
5. Enter the amount you want to buy.
6. Enter your card details and click on BUY BTC.
7. You can see your amount in the Wallets tab.
8. Then head to the ‘markets’ tab then Search doge then click on the ‘Trade’ button.
9. Then enter the amount you want to buy then click on BUY DOGE.
10. To see your amount click wallets then head to ‘Fiat & Spot’.

These were the simple steps to follow to buy dogecoin with a credit card.

Where to Buy Dogecoin with USD

Here are all the exchanges where you can buy dogecoin with USD:

1. Binance
2. HitBTC
3. Kraken
4. Binance US
5. Bitcoin.com Exchange

Buy Dogecoin with PayPal

If you want to buy dogecoin with Paypal there are fewer options in the market.

Buying directly from Paypal is not a possible currency they only support Bitcoin, Ethereum, Ripple, and Litecoin.

In this guide, I’m going to use a peer-to-peer network. One of the most popular p2p is Paxful.

Create an account in Paxful.

Communicate with the seller and make payments then they will send BTC into your account.

Once you complete the transaction they will send BTC into your account.

After you receive Bitcoin then transfer your Bitcoin in exchanges like Binance.

In Binance, you can buy dogecoin by going to the ‘markets’ tab as shown in the above guide.

Dogecoin news

Recently WhiteBit listed doge paired against USDT.

Best website to buy dogecoin

How to Sell Dogecoin

Follow these simple steps below to sell dogecoin:

1. Open your Dogecoin Wallet – You have to deposit your dogecoin into Crypto Exchanges
2. Sign In your Binance Account – If you have another account then sign in to that exchange. 
3. Head to spot trading – There you will get a button deposit to click on that. Then there will be an address copy and paste it into your wallet(Send Dogecoin).
4. Sell Dogecoin – After depositing dogecoin into exchange go-to spot trading there you will see a button called Sell Doge. 

That’s it follows these simple steps to sell dogecoin.

Buying and selling dogecoin is a very simple process to do. 

If you have a question you can ask below in the comment box.

FAQ