How to buy Dogecoin?

While Dogecoin’s price has dropped dramatically since 2021’s highs, the coin remains a popular discussion topic with plenty of investors and more looking to buy into the cryptocurrency. Fortunately, prospective investors can purchase Dogecoin through a variety of crypto exchanges in a quick and secure manner.

Buy Dogecoin
Buy Dogecoin

Dogecoin toiled in obscurity for years before becoming a hit in 2021. The dog-themed cryptocurrency sat at less than 1 cent at the start of last year before surging to 74 cents in May 2021.

Mentioned by celebrities like Elon Musk and Mark Cuban, Dogecoin averaged 7 million searches in October 2021. The financial research firm that uncovered the stats reported Doge surpassed that of Bitcoin and Ether combined.

While Dogecoin’s price has dropped dramatically since 2021’s highs, the coin remains a popular discussion topic with plenty of investors and more looking to buy into the cryptocurrency. Fortunately, prospective investors can purchase Dogecoin through a variety of crypto exchanges in a quick and secure manner.

Here’s how to purchase Dogecoin and become an investor in a crypto that’s captured the spotlight more than once.

1. Create An Account On An Exchange

select the right exchange

Dogecoin is not sold on every crypto exchange, but is able to be purchased on popular platforms like Coinbase, Binance, Kraken, and Gate.io. Robinhood and WeBull users can also purchase Dogecoin. New account creators will need to go through a platform’s onboarding process that often involves submitting a valid ID and providing proof of address. ID verification time can vary depending on the jurisdiction.

2. Add A Payment Method

add a payment method

Prospective investors with an account then need to add a payment method to fund their account. Most exchanges that sell Dogecoin allow users to link a bank account, card, or set up a wire transfer. Users should consider potential fees and fund settlement times when considering various payment methods.

3. Initiate A Trade

Buy Dogecoin

Users can then navigate to the ‘Buy’ portal on the platform and select Dogecoin from the list of assets. After selecting Dogecoin, use the number pad to input the amount of money you want to spend on Dogecoin. The exchange will automatically calculate the amount of equivalent Dogecoin and show it on the screen. Finally, click to confirm the purchase if everything looks good. Dogecoin will automatically be added to your account. Now you’re a Dogecoin holder and can start using your Doge at dApps such as at the best Dogecoin Casinos.

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Kevin OBrien
Written by Kevin O'Brien verified symbol Web3 & DeFi Writer
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Kevin is a native Texan focusing on DeFi, Web3 & NFT content. He’s written for Bitcoinist, CCN, CryptoGlobe and for a wide range of crypto projects. Kevin also enjoys collecting historical autographs and learning traditional musical instruments. Read more at texandefiwriter .com.

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Reviewed and Fact Checked by Will Wood , Crypto Gambling Expert