The 5 Best Ways to Buy Dogecoin in 2022

How Do I Invest in Dogecoin?

Last Updated May 23rd 2022
22 Min Read

In this article, Trading Education will share their top 5 best ways to buy Dogecoin in 2022, their pros and cons, and other necessary features you should watch out for that will help you choose the best exchange. 

By reading this article, you will discover the best way to buy Dogecoin. This will help you know the various ways to buy Dogecoin based on what you are looking for in a cryptocurrency exchange.

Learn how to buy Dogecoin by reading the article to the end. This way you play an invaluable role in positively shaping the crypto revolution.

If you want to buy Dogecoin quickly and easily, with 0% Commission, check out eToro Exchange!

TABLE OF CONTENTS:

Best 5 Exchanges to Buy Dogecoin 

As an e-learning organization, our staff members have years of experience in trading cryptocurrencies. This has led several experts to encounter countless issues with security, customer service, speed of processing transactions, ease of use, and liquidity

As our experts dumped one cryptocurrency exchange for the other, they learned from their mistakes. That experience is the motivating factor that led us to conduct an in-depth review of exchanges individually to find the best places to buy Dogecoin. 

Here is a list of exchanges you can consider as the best places to Buy Dogecoin.

From more than 500 exchanges that have flooded the market in recent years; we have been able to shortlist the best five ways to buy Dogecoin. The winners of our research are eToro, Voyager, Gemini, and Coinbase, and other Honorable Mentions. 

1. eToro 

Available in more than 140 countries and serving more than 13 million users, eToro was founded in 2006 as a multi-asset brokerage platform that now supports some cryptocurrencies. 

For DOGE to be listed by eToro means that a thorough analysis was done to assess the possibilities of the meme-inspired digital currency. Let us take an in-depth look at the pros and cons of buying DOGE with eToro that will answer trending questions such as, does eToro support Dogecoin, and when did eToro list Dogecoin?

Pros of Buying Dogecoin with eToro:  

✅  Offers a wide range of depositing methods (Online financial services such as PayPal, Credit/Debit Cards, and Bank Transfer). 

✅  Offers social trading (this helps beginners to match moves of popular traders). 

✅ Trading and transaction fees on this exchange are relatively lower when compared to other exchanges. 

✅  Offers great security to its clients by adhering to two-factor authentication (2FA). 

✅  You can find useful information on its website which can be invaluable to your journey to becoming a great trader. 

✅  eToro can be used on a desktop computer as well as on Android and iOS mobile applications.

✅  There are no slippages on eToro due to its abundant liquidity and speed of executing buy and sell orders.

As of September 2021, there are 43 coins on eToro which includes Dogecoin (DOGE was listed by eToro due to popular demand by its users in May 2021).

Cons of eToro: 

❌  The minimum deposit ($50), minimum trade ($25), and minimum for copy trading ($200) are relatively higher especially for beginners with little capital to risk. 

buy dogecoin

2. Voyager 

Created in 2017, Voyager is a mobile cryptocurrency broker that connects you to crypto trading opportunities through its proprietary routing technology. Voyager is one of the most popular platforms used by thousands of meme-inspired digital currency fans to purchase Dogecoin. The pros and cons of Voyager outlined below will help answer questions you have been pondering about such as, can you get dogecoin on Voyager, where can I buy dogecoin Voyager, and can you buy crypto on Voyager?

Pros: 

✅  It is an investment app that offers commission-free trading on more than 60 cryptocurrencies, which of course includes Dogecoin. 

✅  Allows you to trade with a minimum of $10

✅  Offers users the chance to earn up to 10% interest on their cryptocurrency holdings (You should hold a minimum of 5000 DOGE to be eligible for annual percentage yield). 

✅  It’s extremely easy to use and can be accessed on the go since it only runs on mobile phones. It’s highly rated by Android and iOS users. 

✅  It’s highly secure and offers protection from fraud. This comes in the form of a Custodial Suite (you can also choose from multiple storage and security options). 

✅   One of the few platforms insured by the Federal Deposit Insurance Corporation on United States Dollar holdings.

✅  There are 0% fees on transactions. 

Cons:

❌ Doesn’t allow coin-to-coin exchanges. 

❌ It is not an exchange. Therefore, you do not know which exchange they connect your trades to after execution. 

❌ It's not easy to contact customer service. 

❌ It only supports residents in the United States except for New York.

3. Gemini 

Founded in 2014, Gemini is one of the highly ranked cryptocurrency exchanges. Ranked as a top 15 cryptocurrency exchange by CoinMarketCap, Gemini is available in all 50 states in America. 

As of September 2021, Gemini has approximately 13.6 million active users. It serves more than 50 countries and is one of the most used exchanges for the trading and investing of Dogecoin and other cryptocurrencies. 

Let us take a look at the pros and cons of buying Dogecoin with Gemini that will provide answers to questions such as, Does Gemini allow Dogecoin, What is Dogecoin Gemini, and does Gemini support Dogecoin?

Pros:

✅  This exchange is best for cryptocurrency traders. 

✅  It is one of the best exchanges for crypto-to-crypto trading (up to 19 trading pairs).

✅  Offers minimum trades that are relatively lower than competing exchanges. 

✅  Offers up to 40 cryptocurrencies which include Dogecoin.

✅  You can use your digital wallet on Gemini to safely and securely hold your coins. 

✅  It is one of the largest exchanges by daily volume (it continues to see millions and billions of dollars).

✅  Provides insurance for digital assets.

Cons:

❌  Gemini charges relatively higher fees than its competitors (3.49% for debit card purchases and up to 1.49% for trading fees). 

❌  The email and chat support has been rated poorly by several users. Their representatives are not that responsive when compared to representatives of other exchanges.

4. Coinbase   

Launched in San Francisco in the year 2012, Coinbase is the largest cryptocurrency trading platform in the United States. Coinbase is a top 10 cryptocurrency exchange based on trading volume, liquidity, and traffic. Coinbase has approximately 68 million verified users, 160,000 ecosystem partners, and 9,000 institutions in more than 100 countries.

Let us look at the pros and cons of buying Dogecoin with Coinbase that will answer questions such as does Coinbase list Dogecoin and is Dogecoin available on Coinbase?

Pros:

✅  Coinbase lists more than 56 cryptocurrencies. Dogecoin was listed by Coinbase in June 2021. 

✅  You can trade a minimum of $2 on the exchange. 

✅  Supports more than 60 pairs with Coinbase Pro (crypto-to-crypto trading pairs). 

✅  The platform is highly accessible on desktop computers as well as mobile applications. 

✅  It’s highly secured (only 2% of customer money is held online with 98% in offline cold storage). 

✅  Highly insured should security breaches befall the exchange someday.

✅  Sees billions of dollars in daily trading volumes on the exchange.

 Cons: 

❌  Coinbase charges higher fees on deposits and transactions. 

❌  Customer Service is not good. 

Read Also: Coinbase vs eToro: Which is Better?

5. Honorable Mentions

If you are looking for more ways to buy Dogecoin (DOGE), there are also good options such as Bittrex, Webull, Robinhood, Crypto.com, Changelly, Binance, CoinTiger, FTX, OKEx, and Huobi Global.

buy dogecoin

Introduction To The Crypto World of Dogecoin 

If you are a beginner in this complex space of digital finance, you may have been focusing on the different terminology found across crypto news and forecasting portals. 

Some of these terminologies are cryptocurrency exchanges, digital wallets (hot and cold), blockchain technology, decentralized finance, decentralized applications, and non-fungible tokens

Before you decide to invest in Dogecoin, you must understand basic terminology which is extremely crucial to your success as a trader or investor. 

  • There are thousands of cryptocurrencies in the market. This means that aside from Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Dash (DASH), and Dogecoin (DOGE), other altcoins command awesome prices and continue to see huge investor interest through their daily trading volumes. Dogecoin is the first meme-inspired digital currency. 
  • You don’t necessarily have to buy 1 DOGE when its price soars to highs of Binance Coin (BNB), Ether (ETH), and Bitcoin (BTC). This is due to the divisibility of cryptocurrencies. DOGE, like most digital currencies, can be divided into 8. At DOGEs price less than $1, you don’t have to buy a piece; $100 could get you more than 666 DOGE. 
  • Dogecoin was built using blockchain technology. This makes it a highly secured protocol that allows users to make payments to one another over the internet without the help of financial bodies. 
  • Exchanges like Gemini, Voyager, OKEx, Kraken, Coinbase, eToro, and Binance are independent trading platforms that are purposely built for the exchange of fiat currencies like the USD, EUR, and GBP for cryptocurrencies. 
  • Wallets (Atomic and Coinbase among others) are software that has been created to facilitate access to the Dogecoin blockchain. 

As you go along making gains and losses in your quest on how to buy Dogecoin, you will learn more about the cryptocurrency world in terms of trading, investing, and its associated jargon. 

One of the pressing questions you should always find an answer to is, where can I buy Dogecoin? 

Once you have this question stored in your mind, you will realize that that the best places to buy Dogecoin depend on your demographics as well as your preferences.

Read Also: Is Dogecoin A Good Investment Opportunity?

Finding The Right Site For Your Needs 

There are more than 10 highly ranked exchanges and ways to buy Dogecoin in 2022. They may perform the same function but differ in certain features. As someone new to the space, you must know what you want before you decide on how to invest in Dogecoin. These are the features you should take into account before choosing an exchange to buy DOGE. 

1. Anonymity

Although anonymity or what would otherwise be termed as privacy is essential in the sending of transactions on the Dogecoin Protocol, you shouldn’t uphold anonymity when it comes to your hard-earned money. One of the best ways to buy Dogecoin is through highly ranked exchanges that prioritize identity verification. 

2. Fees

There are two types of fees to watch out for and they are deposit fees and fees charged on your trading activities. If you want to find the fastest way to buy Dogecoin as well as the cheapest way to buy Dogecoin, then you cannot do away with fees. 

3. Ease of Use

You do not want a complex trading platform. Aside from this, you do not always want to turn on your personal computer before you can trade. Go for exchanges that are available on the web as well as on mobile devices with popular operating software such as iOS and Android. 

4. Payment Methods

What method do you prefer for your deposits? Read extensively about a particular exchange and get to know if they list your preferred method for deposits and withdrawals. 

5. Regulatory Compliance

If an exchange has all the necessary certifications and licenses, and more importantly, has the physical infrastructure (offices in at least 2 countries), you should be rest assured that your funds are safe. 

6. Security

Once your account is compromised, you stand a great chance of losing all your money. Make sure your preferred exchange or platform offers more than a single way to login into your account. This is known as two-factor authentication (2FA). 

7. Limits

Understand how your preferred exchange works before depositing funds. Most exchanges allow users to deposit funds before fully verifying their account. But once a withdrawal is initiated, most exchanges require users to fully verify their accounts before the transaction can be processed. Watch out for limits. 

8. Liquidity

Prioritize exchanges that fall into the top 20 by highly ranked platforms such as CoinMarketCap and Statista. Once liquidity is abundant, there wouldn’t be withdrawal delays.

9. Speed 

To avoid slippages (differences in your intended execution price and what will appear in your account), you should find exchanges that use sophisticated interfaces that will execute orders promptly. 

10. Reputation

Read reviews of exchanges on Google, Yahoo, Bing, and other exchanges. Aside from that, there are 1000s of videos on YouTube that can give you visual evidence of the positives and negatives of an exchange. If you can, use exchanges that have operated for years without incident. 

11. Customer Service

Most often; you don’t have customer service problems until you have withdrawal problems. Make sure phone calls and live chats go through in less than 1 minute so that all your issues will be resolved on time. 

12. Geo-Restriction

Always scroll through the supported countries by an exchange. This will help prevent depositing funds into an account and realizing you don’t have the necessary documents to redeem your account. 

Don't Miss: Is Now the Right Time to Buy Dogecoin?

Payment Methods Compared 

Whatever happens, as a beginner, you have thought about your preferred payment method in your quest to invest in Dogecoin. Here is a summary of different payment methods that will help you determine what fits your preferences. 

Credit/Debit Card

Investing in Dogecoin using a card is one of the easiest and best ways to buy DOGE. You should watch out for the difference in fees across different exchanges. 

Bank Transfers

This is one of the best ways to buy Dogecoin since it goes through an extensive process that prevents identity theft. You can buy huge amounts of DOGE with this method. 

Cash

This is the only way you can buy Dogecoin anonymously. This is because Cash is untraceable. Using Dogecoin ATMs throughout the United States, you can buy Dogecoin. Keep in mind that there is no insurance using this method and there are variations in fees. 

PayPal/Skrill and Online Wallets

You can buy Dogecoin with online wallets on an exchange such as eToro. There are no fees on deposits. 

buy dogecoin

The Cheapest Place to Buy Dogecoin 

Among the numerous exchanges that were featured in our list, eToro is the cheapest place to buy Dogecoin. Others such as Binance, Kraken, Coinbase, and OKEx offer competitive prices. The primary reason why we chose eToro is that you can deposit funds through credit/debit cards, bank transfer, and PayPal/Skrill/Neteller at fees close to $0.

The Safest Way to Buy Dogecoin 

All the exchanges have listed are part of the safest ways to buy Dogecoin.

eToro is the safest place to buy Dogecoin (DOGE). Anyone who has tried registering for an account on the platform can attest to the smoothness of the process. 

eToro is a well-regulated cryptocurrency exchange with licenses from the UK, the USA, Australia, and Cyprus. This means that you can hold representatives of the exchange accountable should something bad happen. 

In addition to this, eToro provides a minimum of two ways (2-factor authentication) by which an account can be restored to its functioning capacity. This limits identity theft and account breaches of all forms.

The Easiest Way to Buy Dogecoin 

From our list, the easiest way to buy Dogecoin is through the eToro exchange or Coinbase. Some customers were able to register for an account and verify their accounts in less than 2 hours because of how cooperative they were. 

On eToro, your deposits are instant, come without fees, and the platform can allow you to make trades to a certain level even if you have not fully verified. 

Aside from them, ATMs, Skrill Wallet, Coinbase, Kraken, and Binance are one of the easiest ways to buy Dogecoin. With Skrill, you have to deposit funds via debit/card or bank account which comes at competitive fees. It’s the same with Coinbase, Kraken, and Binance

The Fastest Way To Buy Dogecoin

What is the fastest way to buy Dogecoin? An exchange that can be accessed via a website and more importantly mobile when you are on the move that accepts debit and credit cards is the best way to buy Dogecoin. 

Gemini, eToro, Binance, Coinbase, and Skrill Wallet are the fastest ways to buy Dogecoin. 

Check Out: Best Methods On How to Earn Dogecoin Fast

How Do I Buy Dogecoin Near Me?

Dogecoin ATMs have started popping up all around the United States. In March 2021, CoinFlip announced that DOGE could be bought from 1,800 ATMs throughout the United States. 

You should take some form of identification with you since some of these ATMs verify their customers. Do not rush into buying Dogecoin without reading the guides on the ATM of your choice. This will help you go through the process of buying DOGE smoothly.

Best Ways to Buy Dogecoin Anonymously 

Not long ago, you could have purchased parent crypto Bitcoin and other altcoins such as Dogecoin anonymously. Unfortunately, times are changing as a result of digital coins being involved in dark web activities. Dogecoin has been involved in numerous scamming and hacking incidents, and because of this buying DOGE anonymously is almost impossible. 

The best way to buy Dogecoin anonymously is to buy it from someone you can trust. You can meet up on a Dogecoin group and arrange to meet in person. Once this happens, you can make a trade (Interested Party would get the cash and you get your DOGE). 

Always remember that digital currencies and blockchain technology can bring you privacy when using them in the payment of goods and services, but buying them means you will leave a trace somewhere on the internet. 

Editor’s Note: Your capital is always at risk when you make a move to invest in DOGE or other cryptocurrencies. As a result, buy Dogecoin with well-regulated exchanges that will fully verify your identity and help prevent fraud and money laundering.  

Best Ways to Buy Dogecoin with PayPal 

The best way to buy Dogecoin with PayPal is through a well-regulated exchange like eToro. PayPal is listed as a payment method. You can upload hundreds of dollars without paying any transaction fees. This is great for beginners who do not have huge sums of money to risk. You can trade, make profits, and withdraw funds without paying much in transaction fees.

Best Place to Buy Dogecoin with a Credit/Debit Card

The best way to buy Dogecoin with a debit or credit card is to find a platform that is easy to use, provides great security to your account, and has competitive fees. 

You can buy Dogecoin with a credit/debit card at eToro, Coinbase, and Binance. These exchanges are one of the largest in the space by trading volume and continue to satisfy millions of customers. 

Skrill is also one of the best places to buy DOGE with a credit/debit card. You would be charged for the deposits which are usually less than 3% of the deposit amount. You’d also pay transaction fees depending on the number of DOGE you’d like to add to your crypto portfolio.

Best Ways to Buy Dogecoin with Your Bank Account

eToro, COINBASE as exchanges, and online wallet SKRILL are the best ways to buy Dogecoin with your bank account funds. Kindly know that transactions from banks come with strong identity verification.  

How to Buy More Cryptocurrencies or Altcoins 

Platforms such as eToro and other centralized exchanges that allow you to buy Dogecoin with fiat (USD) do not list many coins. As a result, you cannot have lots of crypto pairs. If you want to buy more digital coins, you will need to use an exchange that will allow you to trade Dogecoin for other coins. 

The exchange we’d recommend for you is Binance. Let us take a look at the pros and cons of buying Dogecoin with Binance that will help answer questions such as, can you buy it on Binance? 

Pros of Buying Dogecoin with Binance: 

✅ Extremely large coin selection.  

✅ Minimum deposit of $10.

✅ Insured with the Federal Deposit Insurance Corporation (FDIC) for USD balances. 

Crypto-to-crypto services. 

✅ Low non-instant and instant buy fees. 

✅ Numerous extra services.

✅ No verification is required for the creation of basic accounts.   

Cons:

❌ Non-Transparent corporate structure. 

❌ There are several hiccups in account verification. 

❌ Only respond by email which is not timely. 

❌ The Android app is not as highly rated as the iOS application. 

See You On the Other Side!

If you are reading this, then it means you followed the full and comprehensive list of the best ways to buy Dogecoin in 2022. As an e-learning organization, we can only hope you have settled on an exchange that will help you with your trading and investing needs. 

Remember: Buying Dogecoin is one of the best ways to enter the fascinating world of cryptocurrencies. It’s a joke currency that promises lots of rewards and hidden opportunities.   

eToro – Best Exchange to Buy Dogecoin

eToro have proven themselves trustworthy within the Crypto industry over many years – we recommend you try them out.

Virtual currencies are highly volatile. Your capital is at risk.

Read More:

Why We Think Dogecoin Could Be The Next Big Thing

3 Reasons To Buy Dogecoin, And 1 Reason To Sell

Dogecoin Price Predictions

Pros and Cons of Investing in Dogecoin

FAQs

Should I Consider Buying Dogecoin? 

Investors should consider investing in DOGE. As per Dogecoin price prediction, the currency asset could retest approximately $0.50 and around $1 by the end of 2022 and 2026 respectively. 

With that said, you should know that short and long-term investments come down to the factors of risk and reward. 

How to Buy Dogecoin Legally?

As long as an exchange is available in your geographical area, you can buy Dogecoin legally. eToro, Binance, Coinbase, OKEX, and Huobi Global among a range of cryptocurrency exchanges make it possible for you to buy Dogecoin legally.  

What Are The Safest Ways To Buy Dogecoin? 

The safest sites to buy Dogecoin are those that require you to complete a Knowing Your Customer (KYC) phase and Anti-Money Laundering (AML). Anytime you go through verification, you should know that you are on the right path. Coinbase, eToro, and SKRILL are the safest ways to buy DOGE because they prioritize identity verification over other things.  

What Is The Cheapest Way To Buy Dogecoin? 

The cheapest way to buy Dogecoin is to buy it from an exchange that will see you maximize profits by minimizing cost. Out of the list, such an exchange we’d recommend is eToro