Products like the Nano Ledger X will help cryptos such as Bitcoin become adopted the broader society. You can also buy Dogecoin on other plateforms and then secure it with your hardware wallet. The MultiDoge Wallet is a “light” wallet, which syncs with the blockchain by “skimming” through the blockchain, providing fast sync times. It syncs by downloading Dogecoin’s How to buy dodgecoin entire transaction history and provides a solid-working Dogecoin wallet. Convert your Dogecoin to another cryptocurrency directly in your wallet or by using a DeFi application. FinCEN-registered exchanges contribute to a more secure financial system in the US and provide you with better consumer protections compared to exchanges based in other countries.

• You can buy up as much Dogecoin as you want, drop it into the wallet and take control of your entire crypto portfolio.
• Dreamstime

  Bitcoin and other cryptocurrencies were falling ear…

• Dogecoin still uses proof-of-work technology to validate blockchain transactions.
• The 2 most common ways to buy DOGE are on the spot market or with an “instant buy” feature.
• While there are viral stories of people who invested trivial amounts in DOGE but are now millionaires, invest with caution.

In February 2021, CryptoLocally announced it would begin supporting DOGE. You’ll have to sign up for an exchange to buy dogecoin or any other cryptocurrency, and as millions of FTX users learned the hard way, your choice of exchange matters. The biggest names in the industry — including Coinbase, Kraken, Binance.US and Gemini — are known for stability, security and user-friendliness. Choose one that supports your preferred payment method, is transparent about its security and fees and, of course, lists DOGE. Being a crypto investor requires taking security seriously and owning your private keys gives you much more power and control. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone.

Related articles about Dogecoin

A number of smaller cryptocurrency exchanges, Exrates, YoBit, and Livecoin, all have DOGE/USD pairs. LiteBit.eu and Bittylicious and Cryptomate offer brokerage services for Dogecoin via EUR or GBP. A few exchanges do offer Dogecoin, though, such as Uphold, Webull, Robinhood, Kraken, and Crypto.com. If you don’t already have a crypto wallet, you might want to get that first.

Kriptomat is here all the time so you can sell your Dogecoin whenever you like and we’ll make sure it’s a quick, simple, and secure process for you. As soon as you click that “Buy Dogecoin” button your coins will be automatically transferred to your secure Kriptomat DOGE wallet. You can use them for trading or exchanging for other cryptos immediately. This will depend on personal factors like investment strategy and finances so we can’t make that decision for you.

Can I purchase Dogecoin with credit card?

Here is my complete Exodus review and you can read my complete Coinomi review here. A software wallet will store the private key to your Doge on your device whether it be a mobile phone, a desktop computer or a laptop. These wallets might be vulnerable to malware, so be sure to take the necessary precautions and only download official or highly recommended wallets. Robinhood is a great app that offers plenty of functionality and accessibility for all your trading needs. With your Robinhood account poised and ready to be used, all you need to do to buy Dogecoin is fund your account. Other trading apps have a two-step account creation; most times, the first step to creating an account will only require basic information, with public details being verified in the next step.

It is a fork of the Bitcoin and Litecoin codebases with some modifications, including its total supply and block time. Similar to BTC and LTC, DOGE is a payment coin that relies on a proof-of-work consensus that requires miners to run hardware to generate new blocks and support on-chain transactions. A bank transfer is a secure option to buy cryptocurrency, especially if you are thinking of purchasing large amounts of virtual currency. Keep in mind that bank transfers may take a little longer, and fees may vary.

The Ever-Expanding Ocean of DOGE

The Exodus wallet allows you to use a desktop wallet, mobile wallet, Trezor hardware wallet and a range of crypto apps designed for the Exodus platform. 2021 was a monumental year for Dogecoin – the cryptocurrency appreciated multiple times over in price before crashing back down. After peaking above $0.70, Dogecoin is now trading at around $0.11 in 2022. While Dogecoin is down significantly from its all-time highs, some investors believe that DOGE still has the potential to each the coveted $1 mark. However, a lot will need to happen for Dogecoin to reach $1 per coin. The cryptocurrency markets will need to turn around and major cryptos like Bitcoin and Ethereum will need to reach new all-time highs for DOGE to have a chance at climbing higher.

Learn more in our crypto tax guide or use our round-up of the best crypto tax software to make tax reporting easier. If you see colorful charts with a range of prices, you’re probably in the spot market. Most exchanges let you buy as little as $5 worth of DOGE, if not less. Just type in how much you want to spend in USD and let the exchange work out the rest. If you want to buy Dogecoin with US dollars, you’ll need to pass a Know Your Customer (KYC) check. Tons of online businesses accept crypto tokens, so go out there and spend your DOGE however you like.

Ledger Live

Simply supply your wallet address to get your coins out of the exchange. For more information and a complete list of our advertising partners, please check out our full Advertising Disclosure. TheCollegeInvestor.com strives to keep its information accurate and up to date. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. Robinhood is a popular trading platform known for its commission-free trading policy.

Its mascot, the Shiba Inu, replicates the popular “doge” internet meme, which is also where the cryptocurrency gets its name. Co-founders Billy Markus and Jackson Palmer whipped up Dogecoin in just a handful of hours. Markus noted in an interview that much of the time spent on creating Dogecoin was changing its font to Comic Sans. Dogecoin is built on the same basic technology as other cryptocurrencies like Bitcoin. However, DOGE introduces a few improvements to Bitcoin’s technology to enable users to access faster and more affordable transactions.