Dogecoin (DOGE) is the memes related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 7 based on market capitalization on CoinMarketCap, with a market capitalization of 61881182833 recorded at the time of writing. DOGE has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Dogecoin. They wish to invest or purchase Dogecoin (DOGE), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Dogecoin. Regardless of your location, Bitrue can provide you with a simple and secure way to buy DOGE.
Where and how to buy Dogecoin
When it comes to purchasing Dogecoin (DOGE), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Dogecoin in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased DOGE will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Dogecoin (DOGE) through Bitrue.
Alternative methods to acquire Dogecoin
Apart from directly buying Dogecoin (DOGE), what are the alternative methods to acquire Dogecoin ?
Fixed Auto-Investment in DOGE
Regularly invest a fixed amount at scheduled intervals in Dogecoin (DOGE) digital assets, enjoying both short-term returns and long-term benefits.
Staking DOGE
Flexible staking of Dogecoin (DOGE) digital assets to earn interest or high returns in other cryptocurrencies.
POW Mining
Dogecoin miners choose mining rigs or cloud mining with high GPU and CPU configurations, configure mining software, select mining pools, and start mining to earn DOGE rewards.
Get Dogecoin (DOGE) for free
If you have enough time, you can obtain Dogecoin for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free Dogecoin (DOGE).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Dogecoin.
- All cryptocurrency airdrops and rewards can be exchanged for DOGE through coin-to-coin exchange or spot trading.
How to keep your Dogecoin safe and secure
Once you have purchased Dogecoin, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Dogecoin and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Dogecoin wallets, you also have the option to store Dogecoin (DOGE) separately in a personal encrypted wallet. This wallet serves to keep your Dogecoin secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Dogecoin, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Dogecoin encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
What is Dogecoin?
Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
How many Dogecoin are there in total?
The total supply of Dogecoin is 147,057,346,383 and the Circulating Supply is 147,057,346,383 .
Where is the preferred place to buy Dogecoin?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase DOGE.
Should I buy Dogecoin?
Deciding whether to buy Dogecoin depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Dogecoin investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Dogecoin (DOGE) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Dogecoin?
Generally, buying Dogecoin digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How much does it cost to buy 10 DOGE?
To purchase 10 DOGE, the cost in USD would be $4.3807.
What are the fees for buying Dogecoin?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies
here.
How to use Paypal to buy DOGE?
Currently, Bitrue does not support purchasing DOGE or adding fiat currency using Paypal.
What can I do with Dogecoin?
You can use Dogecoin to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Dogecoin?
If your Bitrue wallet does not hold Dogecoin, you need to deposit DOGE into your Bitrue account. If you already have DOGE, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of DOGE you want to sell, select the selling price, confirm the sell order, and once your DOGE is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Dogecoin (DOGE) worth 1 US dollar?
In theory, Dogecoin (DOGE) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for DOGE is 10 US dollars.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.