Initially created as a joke and using a popular meme as its logo, the Dogecoin project never imagined its native currency's price would surge by thousands of percentage points. Analysts still debate the true catalyst behind DOGE's dramatic rise in early 2021. However, the global crypto community quickly rallied around DOGE, generating massive excitement. That's why we offer both existing and new customers multiple ways to buy, sell, trade, and exchange DOGE on a reliable trading platform.
Dogecoin (DOGE) Overview: What Is It?
Dogecoin is a cryptocurrency and blockchain project. Like other digital currencies, DOGE enables fast, decentralized transactions on a distributed ledger. Yet, several features set it apart from similar projects.
How It All Began
The idea behind Dogecoin wasn’t tied to advanced concepts like ultra-fast transactions or scalability innovations. B. Markus, a U.S. programmer, suggested a fun, joke-associated cryptocurrency could attract more people than Bitcoin, then seen as complex tech with a mysterious creator. Markus found support in J. Palmer, an Adobe engineer, who built Dogecoin’s official website.
Merged Mining with Litecoin
Dogecoin launched as a Litecoin fork, sharing the same network as LTC. DOGE developers adopted merged mining, allowing Litecoin miners to earn extra DOGE rewards by contributing the same hash power.
Where to Buy Dogecoin (DOGE)?
As a cryptocurrency, Dogecoin is a digital asset traded exclusively in crypto markets. Unlike stock markets, where you buy securities representing partial ownership of a company, crypto markets let you directly own the digital coins you purchase. These are stored in your crypto wallet, enabling payments for goods and services.
For example, holding Bitcoin lets you buy a car, house, or event tickets. Cryptocurrencies also allow quick conversion to fiat, like selling BTC for USD.
How to Buy Cryptocurrencies?
Buying crypto resembles exchanging foreign currency while traveling:
- Find a crypto exchange platform.
- Open an account.
- Link your credit/debit card.
- Place buy orders for cryptocurrencies like DOGE.
You can also use a crypto ATM, though these are more common in major cities like London or New York.
How to Choose a Crypto Exchange?
When selecting a platform, consider:
- Security: Ensure advanced protection measures and regulatory compliance.
- Licenses: Exchanges like CEX.IO, operating in the U.S. or U.K., hold specific legal permits.
How Does CEX.IO Protect Your Funds?
CEX.IO is a global exchange with bank-level security, featuring:
- SSL encryption.
- Two-factor authentication (2FA) and identity verification.
- Crypto address whitelisting.
- Cold storage with multi-signature confirmation.
CEX.IO Licenses
CEX.IO serves 193 countries with certifications for crypto services. Registered as a Money Services Business (MSB) with FinCEN, it holds Money Transmitter Licenses (MTLs) in 32 U.S. states, ensuring regulated operations and fund safety.
Looking for the best way to buy DOGE online in the U.S.? Open a CEX.IO account for a secure, regulated experience.
Quick Guide: How to Buy Dogecoin (DOGE) Instantly with Credit Cards on CEX.IO
Follow these steps to purchase Dogecoin (DOGE) via CEX.IO:
- Navigate to Buy/Sell on the website or mobile app.
Select your purchase amount.
- Tip: Switch cryptocurrencies via the dropdown menu (e.g., buy Bitcoin instantly).
- Enter card details: Input your card number and expiry date. This links it to your CEX.IO account for future trades or fiat withdrawals.
- Confirm purchase and receive crypto instantly—processed in seconds.
How to Buy Dogecoin (DOGE) with a Debit Card
CEX.IO accepts Visa or Mastercard debit cards for fiat deposits or crypto purchases:
- Go to Buy/Sell.
- Select DOGE or any of 80+ available cryptos.
- Complete the transaction securely.
How to Buy DOGE via Bank Transfer
CEX.IO supports multiple payment methods, including bank transfers:
Supported Options:
- SWIFT international transfers.
- Domestic transfers like ACH, SEPA, or Faster Payments.
- E-wallets like Skrill, Advcash, and Epay.
Process:
- Fund your CEX.IO account via these methods.
- Use the balance to buy DOGE or trade for other cryptos.
For details, visit CEX.IO Help Center.
CEX.IO Mobile App Features for Buying Dogecoin (DOGE)
The CEX.IO mobile app streamlines crypto interactions with:
- Real-time price tracking.
- Deposits/withdrawals.
- Buy orders and trading.
All through an intuitive interface for quick transactions.
Instant Card Purchases
- Open Buy/Sell in the app.
- Select Buy, choose currency/amount, and enter card details.
- Use existing fiat balance if available.
Market and Limit Orders
- Navigate to PRO > Trade.
- Select a trading pair (e.g., DOGE/USD).
Analyze price charts or place:
- Market orders: Immediate purchase at current price.
- Limit orders: Deferred purchase at your set price.
Exchange USD for DOGE on CEX.IO
Use the Exchange function to swap currencies:
- Select USD as the source.
- Choose DOGE as the target.
- Enter the amount and click Exchange.
This works for any listed currency.
How to Decide When to Buy Dogecoin (DOGE)
For informed decisions, follow these tips:
1. Check Current Market Price
Verify DOGE’s live price before buying. Historical analysis helps identify trends for buying low and selling high.
2. Monitor News and External Factors
Stay updated on crypto regulations, network upgrades (e.g., hard forks), and celebrity endorsements that may impact prices.
3. Compare Data Sources
Different platforms use varied data for price charts:
- Analytics Portals: Aggregate prices from multiple exchanges.
- Trading Platforms: Calculate prices based on user orders (e.g., Robinhood may include fees).
CEX.IO offers transparent fees—check our fee schedule for clarity.
FAQ
How Does Dogecoin Work?
DOGE operates on a blockchain, decentralizing rapid fund transfers globally. Records are stored online and synchronized across millions of computers.
What’s Dogecoin’s Value?
DOGE’s value spiked in 2021 due to celebrity endorsements. Trading remains high-risk—track live prices on CEX.IO.
Where to Securely Store Dogecoin?
For safety, store DOGE in your CEX.IO account, featuring:
- Cold storage against online hacks.
- 2FA for account access.
How to Exchange DOGE for USD?
- Use Instant Sell in the mobile app for immediate card deposits.
- Swap DOGE via the Exchange function.
- Place market/limit orders in Trading.
👉 Buy Dogecoin securely on CEX.IO
Keep these tips in mind to optimize your Dogecoin (DOGE) purchases.