November 10, 2021

Best Places to Buy Dogecoin

This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

Interested in investing in Dogecoin but not sure how to do it? It's easy to get started with this list of the best places to buy Dogecoin.

For most of its eight-year existence, Dogecoin was pretty much worthless.

Dogecoin co-creator Billy Markus even sold all his coins in 2015 for about $10,000.

Then, in early 2021, something changed. Due in part to online chatter and vocal support of Tesla CEO Elon Musk, Dogecoin started hitting record prices. It peaked in May 2021 at just under $0.70.

At time of writing, it's still among the top 10 cryptocurrencies by market cap, according to coinmarketcap.com.

If you're one of the many investors who think Dogecoin has a promising future, this guide is for you. Learn the best places to buy Dogecoin and whether it's a good idea.

Best Places to Buy Dogecoin

Choosing an exchange can be daunting, but we've narrowed down the best places to buy DOGE. Review the exchanges below to find the best fit for you.

1. Coinbase: Best for Beginners

If you're trading for the first time, Coinbase makes it easy to buy cryptocurrencies like Dogecoin with little experience.

There's a reason it's one of the most popular exchanges with beginner crypto traders. They have a user-friendly interface and a range of educational offerings that will pay you to learn.

The biggest downside to trading on Coinbase is that it has relatively high fees—the price you pay for its ease of use.

Coinbase currently offers more than 65 cryptocurrencies to buy, sell, and trade, with more added regularly:

List of popular supported coins on Coinbase:
  • 0x
  • 1inch
  • Aave
  • Algorand
  • Amp
  • Ampleforth Governance Token
  • Ankr
  • Augur
  • Balancer
  • Bancor Network Token
  • Band Protocol
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • Cardano
  • Cartesi
  • Celo
  • Chainlink
  • Civic
  • Compound
  • Cosmos
  • Curve DAO Token
  • Dai
  • Dash
  • Decentraland
  • district0x
  • Dogecoin
  • Enjin Coin
  • Enzyme
  • EOS
  • Ethereum
  • Ethereum Classic
  • Filecoin
  • Gitcoin
  • iExec RLC
  • Internet Computer
  • Kyber Network
  • Litecoin
  • Loopring
  • Maker
  • Mirror Protocol
  • NKN
  • NuCypher
  • Numeraire
  • OMG Network
  • Orchid
  • Origin Token
  • Polkadot
  • Polygon
  • Ren
  • SKALE
  • Stellar Lumens
  • Storj
  • SushiSwap
  • Synthetix Network Token
  • Tellor
  • Tether
  • Tezos
  • The Graph
  • UMA
  • Uniswap
  • USD Coin
  • Wrapped Bitcoin
  • yearn.finance
  • Zcash

Coinbase isn't the cheapest exchange out there, but if you're looking for an easy path to crypto trading, it doesn't get much simpler.

Coinbase
Read ReviewVisit Site

Coinbase

Pros:
  • Simple interface for beginners
  • Over 60 supported coins
  • Earn cryptos by learning
  • Coinbase Pro platform has lower fees
Cons:
  • Expensive and complex trading fee structure
  • Only email support

Our Review: StarStarStarStarEmpty StarEmpty Star (3.9) Coinbase is a digital currency exchange where you can buy and sell cryptocurrency. Find out if it's safe, and how it compares to other crypto exchanges... Read full review

Earn $5 in bitcoin for getting started on Coinbase

2. Binance: Best for Active Traders

With some of the lowest fees and the highest liquidity in the industry, Binance is regularly ranked as the most-used exchange in the world. It's a solid choice for traders looking to make frequent or high volume trades.

In addition to their basic trading platform, Binance also offers free peer-to-peer trading, a trading widget compatible with the privacy-focused Brave internet browser, a range of savings and staking options, and more.

Besides Dogecoin, the variety of crypto they offer is multiples greater than most other exchanges, and they're available all over the world.

They boast an impressive list of over 250 cryptocurrencies to trade internationally, and over 50 in the U.S., including:

List of popular supported coins on Binance:
  • 0x
  • Algorand
  • Augur v2
  • Band Protocol
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • BNB
  • BUSD
  • Cardano
  • Chainlink
  • Compound
  • Cosmos
  • DAI
  • Dash
  • Decentraland
  • Dogecoin
  • Elrond
  • Enjin Coin
  • EOS
  • Ethereum
  • Ethereum Classic
  • Harmony
  • Hedera Hashgraph
  • Helium
  • Horizen
  • ICON
  • KyberNetwork
  • Litecoin
  • Maker
  • Matic Network
  • MIOTA
  • NANO
  • NEO
  • OMG Network
  • Ontology
  • Orchid
  • PAX Gold
  • QTUM
  • Ravencoin
  • Solana
  • Stellar Lumens
  • Storj
  • TetherUS
  • Tezos
  • Uniswap
  • USD Coin
  • VeChain
  • VeThor Token
  • Waves
  • Zcash
  • Zilliqa

Binance

Pros:
  • Wide range of currencies
  • Low fees
  • Secure Asset Fund for users
Cons:
  • May intimidate new users

Our Review: StarStarStarStarStarEmpty Star (4.3) Binance is one of the largest cryptocurrency exchanges in the world. But is it a legit platform for trading your crypto? Find out before you sign up... Read full review

Buy and Sell Cryptocurrency

Keep in mind that Binance is often subject to regulatory scrutiny regarding illegal activities on the platform from governments around the world, including the U.S., India, and the UK. For now, though, Binance appears to be making every effort to comply with regulators.

3. eToro: Best for Social Trading

If you want to learn more about trading strategy (like when to buy and sell DOGE), you might consider eToro.

Their public feeds, trader ratings and risk scores, educational content and financial reports make eToro a good option for those who want to dive deeper into the 'why' of crypto.

eToro is perhaps best known for its CopyTrading feature, which lets users mimic the trades of other successful investors automatically.

You can also take advantage of eToro's CopyPortfolios, curated sets of crypto coins from different sectors of the market. Some examples include their FuturePayments and CryptoEqual portfolios.

As for their supported coins beyond Dogecoin, they offer a somewhat limited range drawn from the most popular:

List of popular supported coins on eToro:
  • Aave
  • Bitcoin
  • Bitcoin Cash
  • Cardano
  • Chainlink
  • Compound
  • Dash
  • Decentraland
  • Dogecoin
  • EOS
  • Ethereum
  • Ethereum Classic
  • Iota
  • Litecoin
  • NEO
  • Ripple
  • Stellar
  • Tezos
  • Tron
  • Uniswap
  • Yearn.finance
  • ZCash

eToro
Read ReviewVisit Site

eToro

Pros:
  • Copy actions of top traders
  • No commissions (only charges a spread)
  • Virtual practice account
Cons:
  • Only supports 24 coins in US
  • Slow customer service response time

Our Review: StarStarStarStarEmpty StarEmpty Star (3.8) eToro is a cryptocurrency trading platform known for its popular CopyTrading feature. Find out if it's worth the fees and how it compares to other platforms... Read full review

Trade Popular Cryptocurrencies

4. Crypto.com: Best for Altcoins

If you want to shop around for other coins in addition to Doge, Crypto.com supports a growing list of over 90 cryptocurrencies and stablecoins.

On top of that, they have one of the widest ranges of crypto-related services. There isn't much you can't do at Crypto.com, including:

  • An NFT marketplace
  • A range of crypto rewards Visa cards
  • A pay feature that allows you to spend your coins at local merchants
  • Custodial and non-custodial wallets
  • A range of interest accounts

In addition to its impressive variety of coins and features, Crypto.com charges fairly low trading fees. It isn't the cheapest exchange, but it's cheaper than many of the other popular exchanges.

The list of coins supported by Crypto.com is long, and it's growing.

List of popular supported coins on Crypto.com:
  • 0x
  • 1inch
  • Aave
  • Aavegotchi
  • aelf
  • Algorand
  • Amp
  • Ampleforth Governance Token
  • Ardor
  • Ark
  • Arweave
  • Audius
  • Avalanche
  • Axie Infinity
  • BakeryToken
  • Balancer
  • Bancor
  • Band Protocol
  • BigONE Token
  • Binance Coin
  • Binance USD
  • Bitcoin
  • Bitcoin Cash
  • Bluzelle
  • Cardano
  • Casper
  • Celer Network
  • Chainlink Solana
  • Chiliz
  • Chromia
  • Compound
  • Compound Coin
  • Contentos
  • Cosmos
  • Crypto.com Coin
  • Curve DAO Token
  • Dai
  • Dash
  • Decentraland
  • DIA
  • DigiByte
  • Dogecoin
  • Ellipsis
  • Elrond
  • Enjin Coin
  • Enzyme
  • EOS
  • Epanus
  • Ethereum
  • Ethereum Classic
  • Everipedia
  • Fantom
  • Fetch.ai
  • Filecoin
  • Flow (Dapper Labs)
  • Game.com
  • Gas
  • Gemini Dollar
  • Gitcoin
  • Golden Ratio Token
  • Golem
  • Harmony
  • Helium
  • Holo
  • HUSD
  • Hydro Protocol
  • ICON
  • iExec RLC
  • Injective Protocol
  • Internet Computer
  • IOST
  • IQ.cash
  • IRISnet
  • Kava
  • Komodo
  • Kusama
  • Kyber Network Crystal Legacy
  • Lisk
  • Litecoin
  • Livepeer
  • Loopring
  • Luna Coin
  • Maker
  • Nano
  • NEAR Protocol
  • Neo
  • Nervos Network
  • NKN
  • NuCypher
  • Numeraire
  • Ocean Protocol
  • OMG Network
  • Ontology
  • Ontology Gas
  • Origin Protocol
  • Pancake Swap
  • PAX Gold
  • Paxos Standard
  • Polkadot
  • Polkastarter
  • Polygon
  • Qtum
  • Raiden Network Token
  • Rally
  • Rarible
  • Ravencoin
  • Ren
  • Reserve Rights
  • Ripple
  • Shiba Token
  • Siacoin
  • SKALE Network
  • SoMee.Social
  • Stacks
  • Stellar
  • Storj
  • Stox
  • STRAX
  • SushiSwap
  • Synthetix Network
  • Tellor
  • Terra
  • Tether
  • Tezos
  • The Graph
  • The Sandbox
  • THETA
  • Theta Fuel
  • THORChain
  • TomoChain
  • TrueUSD
  • UMA
  • UNICORN Token
  • Uniswap
  • Universe
  • USDC
  • VeChain
  • Venus
  • VeThor Token
  • Waltonchain
  • Waves
  • Wrapped Bitcoin
  • XSGD
  • yearns.finance
  • Zilliqa

Crypto.com
Read ReviewVisit Site

Crypto.com

Pros:
  • Wide variety of altcoins
  • Extensive features
  • Excellent security
Cons:
  • Crypto loans not available in USA
  • Slow customer service

Our Review: StarStarStarStarStarEmpty Star (4.1) Crypto.com is a one-stop shop for everything crypto—from Bitcoin to NFTs, they've got pretty much everything. But is it legit? Read on to find out... Read full review

USD $10 Sign Up Bonus

5. Gemini: Safest Crypto Exchange

If security is your top priority, you'll be hard-pressed to find an exchange that's more dedicated to security than Gemini.

Gemini keeps most of their crypto in cold storage, offline in air-gapped, geographically distributed facilities.

Any crypto they keep in hot wallets is insured and protected to a standard of a FIPS 140-2 Level 3 rating or higher.

They keep much of their internal site off public internet, employ strict internal controls over the transfer of crypto, and have partnered with third-party vendors to protect against DDoS attacks.

Gemini offers over 30 cryptocurrencies, including the following:

List of popular supported coins on Gemini:
  • 0x
  • 1inch
  • Aave
  • Amp
  • Balancer
  • Bancor Network
  • Basic Attention Token
  • Bitcoin
  • Bitcoin Cash
  • Chainlink
  • Compound
  • Curve
  • Dai
  • Decentraland
  • Dogecoin
  • Enjin Coin
  • Ethereum
  • Filecoin
  • Gemini Dollar
  • Kyber Network
  • Litecoin
  • Loopring
  • Maker
  • Orchid
  • PAX Gold
  • Ren
  • Skale
  • Storj
  • Synthetix
  • The Graph
  • The Sandbox
  • Uma
  • Uniswap
  • Yearn.finance
  • Zcash

While other platforms were trying to make crypto easier, or faster, or cheaper, or to offer more coins, Gemini was working to make it safe. And it appears to be working. Unlike several other major exchanges, so far Gemini has never been hacked.

Gemini
Read ReviewVisit Site

Gemini

Pros:
  • Beginner friendly
  • Security-focused
  • Competitive fees
Cons:
  • Moderate selection of coins
  • No margin trading

Our Review: StarStarStarStarStarEmpty Star (4.6) Gemini is a cryptocurrency exchange for investors who prioritize security. Find out if it's as safe as they claim and how it stacks up to other exchanges... Read full review

Buy and Sell Cryptocurrency

How to Buy Dogecoin

If you're buying Dogecoin for the first time, you may be wondering how it's done. Don't worry, in most cases, it's very simple if you just follow a few steps.

  1. Choose an exchange and set up an account: Not all exchanges carry Dogecoin; make sure you pick one that does.

  2. Get verified: Every exchange is different, but most will require some sort of identity verification the first time you use them. You may need to give personal information, photograph IDs, and even record yourself to get started. Some will also require that you set up Two-Factor Authentication before you start trading. You can typically do this with a phone number or an app like Google Authenticator. Verification can take anywhere from a few minutes to several days to process, depending on the exchange.

  3. Set up a payment method and fund your account: Most trades start with fiat currency, like USD or EUR. You'll start by connecting a bank account, making a wire transfer, or connecting a credit or debit card.

  4. Make your purchase: Once your account is funded, it should be a matter of choosing the currency you want—or trading pair, like DOGE/USD, as some exchanges operate this way—and setting the amount. You can either buy it outright, or, if the exchange supports it, set a limit order, which will allow you to buy Dogecoin at a specific price when it reaches it, assuming the market cooperates.

Should You Buy Dogecoin?

Dogecoin lacks several important characteristics that Bitcoin has. This includes scarcity—Dogecoins are being minted at a rate of 10,000 per minute, while Bitcoin has a finite supply—and an active community of developers invested in keeping it relevant and up to date.

Many believe that Doge is running on pure enthusiasm, and if it runs out, you could be left holding the bag.

Remember that Dogecoin was developed as a joke. It could end up being a profitable one for you, but as always, avoid investing money you can't afford to lose.

Ultimately, it's up to every trader to decide whether they think an investment is a good one. Before buying, consider the following points.

First, crypto is volatile. Consider 2021. Dogecoin has traded at less than half a cent and more than $0.70, in a matter of months, and it now appears to have settled somewhere in the 20-cent range.

Second, many experts and enthusiasts are skeptical of Dogecoin as a legitimate investment. Although DOGE has garnered a lot of celebrity attention, especially from Elon Musk and investor Mark Cuban, no one's judgment is infallible.

How to Choose an Exchange

Cryptocurrency exchanges allow users to buy, trade, and sell cryptocurrencies like Dogecoin. When trying to decide which to use, there are several factors you ought to keep in mind.

Features

First, there's the trading platform itself.

Does it provide market data? Historical prices? Can you execute limit orders, or trade on margin? Every exchange is different, and you'll find that many of the popular exchanges have only the most straightforward options.

For those who wish to take their coins elsewhere, or someday even spend them, it's important to know whether the platform allows coin withdrawals—not all do.

And some exchanges are only trading in CFDs (contracts for difference), which allow traders to profit from changes in the price of an asset without directly owning it.

Beyond that, consider what other features might appeal to you as a trader. Here are some of the more common:

  • Staking and Interest Accounts
  • Educational Resources
  • Rewards Credit and Debit Cards
  • Crypto Pay (allows you to spend your coins at retailers)
  • Crypto-backed Loans
  • P2P Trading
  • NFT Marketplace
  • Custodial and Non-custodial Wallets

Fees

Fees determine how much you spend or save when trading crypto. Of course, ideally, you'd go for the platform with the lowest fees possible, but other considerations often make that untenable.

Here are some common fees you should watch out for:

  • Transaction Fees: Added by the exchange itself to cover the cost of trading.

  • Spread: Frequently hidden, and may not even be listed by the exchange. It is the difference between the selling and buying price, and is often used by so-called "commission-free" exchanges as a way of profiting from a transaction without disclosing that they're doing so. Some exchanges charge it on both buy and sell transactions, and some charge it only once.

  • Deposit Fees: Charged to deposit money into an exchange. Not all exchanges charge a deposit fee, though sometimes they can be costly, so check beforehand. Common deposit methods include ACH Bank Transfer and Wire Transfer.

  • Debit / Credit Purchase Fee: Many exchanges that support the option will charge more for these purchase methods—sometimes a lot more.

  • Withdrawal Fees: Whether you're withdrawing cryptocurrency or fiat money, many exchanges charge you to do it, often depending on the withdrawal method.

  • Inactivity or Maintenance Fees: Charged for having an account, or having but not using one, usually for a period of 12 months.

  • Gas Fees: Fairly uncommon on exchanges. Charged to pay for the cost of executing an operation on the blockchain.

Security and Privacy

Some security features offered by crypto exchanges may sound like meaningless jargon to average traders, but there are some straightforward things that you can keep an eye out for when choosing an exchange.

  • Multi-Factor Authentication: This ought to be a bare minimum for protecting your account. SMS is a start, but an authenticator app is better.

  • Address Allowlisting or Whitelisting: This allows you to choose ahead of time which crypto wallet addresses you want to allow withdrawals to—typically, yours.

  • Cold Storage: Cautious exchanges will keep most or all of their crypto stored offline, or in "cold storage," rather than in hot storage, online. This means that if their system is hacked, the hackers still won't have access to the crypto, which is frequently difficult to insure.

  • Insurance: Typically, cash holdings are FDIC insured, but that doesn't cover crypto—which doesn't mean that there aren't ways for exchanges to acquire insurance for cryptocurrency holdings. Some take out private insurance policies, others set aside funds to reimburse customers in the case of loss by theft.

  • Bug Bounty: Many large companies pay bug bounties to would-be hackers. The hacker finds the flaw, and instead of exploiting it, they reveal it to the company's internal security team for a high payout.

  • Encryption: Encryption means that if their security is breached, your information is less likely to be stolen. Remember: it's not just your money or your coins that these exchanges have access to; it's frequently your personal information as well.

As for privacy, most exchanges are required to obtain personal information about their customers in order to comply with local regulations such as KYC (know your customer) and AML (anti-money laundering). Look for exchanges that guarantee not to share your data once they have it.

Location

Trading is a highly regulated business, and laws vary by country.

This means that not every exchange will be available everywhere. Some may even have practices that put you in danger of unwittingly breaking the law of your home country.

The easiest solution is to use exchanges based where you are, when possible.

Custodial or Non-Custodial

Where do you keep your money? This is a major question in the crypto space, where there are no banks, and lost crypto is often lost for good.

A custodial exchange will hold your coins, while a non-custodial exchange requires you to have your own wallet, either hot or cold, to store them on.

This is really a question of preference and trust. If you believe the exchange will keep your coins safe better than you can, then leave them there.

If you are worried about the exchange being hacked or going bankrupt, consider buying a wallet of your own.

Bottom Line

Dogecoin is a popular cryptocurrency that started off as a joke and became something else entirely.

Like the rest of crypto, it isn't a sure thing, and any investment you make should be done with caution—and you should never invest more than you can afford to lose.

Whether you're a beginner or a seasoned crypto enthusiast looking to up your trading game, there's an exchange that's perfect for you. All you've got to do is make the choice and start trading.

Write to Jeremy H at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Read Next:

Best Cryptocurrency Exchange

Best Cryptocurrency Exchange

Best Places to Buy Bitcoin

Best Places to Buy Bitcoin

Best Crypto IRA

Best Crypto IRA

Coinbase Review

Coinbase Review

Gemini Review

Gemini Review

eToro Review

eToro Review

Coinbase

Earn $5 in bitcoin for getting started on Coinbase

Personalized $5 reward offer is displayed after account creation. Limited time offer and while supplies last. Offer available to new users who have not previously verified their identification. Offer not available to new users who were referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time, in its sole discretion. See Terms and Conditions.


How to Invest in Dogecoin

July 27, 2021 - Tips for How to Invest in Cryptocurrency
Supported by the likes of Elon Musk and Mark Cuban, Dogecoin is one of the most popular cryptocurrencies today. But is it a smart investment?
Leave a comment about Best Places to Buy Dogecoin?



Best Time to Buy Crypto

When to Buy Crypto

When is the best time to buy crypto? Is it already too late? It's easy to feel like you've missed the boat. But the truth is, there's still plenty of time.
More Articles in Crypto

About CreditDonkey
CreditDonkey is a crypto comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2021 CreditDonkey Inc. All Rights Reserved.