How to buy Dogecoin (DOGE) from Australia

By   |   Verified by Andrew Boyd   |   Updated 2nd March 2022

  • Dogecoin can be earned by mining or purchased from an exchange.
  • There is no lifetime cap on the number of Dogecoin that can be issued.
  • Learn more about how to buy it quickly.

Decided to buy Dogecoin? Use this step-by-step guide to get an exchange set up and start buying Dogecoins in Australia today.

Where to buy Dogecoin

Swyftx

On Swyftx's website

Highlights

  • Receive $10 worth of BTC when you sign up and verify your account.
  • Trade over 260 assets on Swyftx including Bitcoin, Ethereum, Ripple and Litecoin as well as DeFi coins such as UniCoin.
  • Deposit or withdraw funds from your account using several payment methods (PayID, OSKI, POLi or bank transfers).
  • New to Crypto? Try Swyftx's demo mode, it allows you to mock trade with no financial risk while you learn the ropes of crypto trading.
CoinSpot

On CoinSpot's website

Highlights

  • Buy Bitcoin, Ethereum, XRP and over 360 other digital currencies.
  • Refer a friend and earn $10 BTC.
  • Get 24/7 helpdesk support.
eToro Crypto

On eToro's website

Crypto assets are unregulated & highly speculative. No consumer protection. Capital at risk.

Highlights

  • Access thousands of assets across multiple categories.
  • Copy trades of popular investors that trade Crypto.
  • Access powerful analysis tools and innovative social features.
Digital Surge

On Digital Surge's website

Highlights

  • Trade 270+ crypto assets in a clean design that's easy and fast to use.
  • Live chat support available 7 days a week with average response times of less than 1 minute.
  • Invest in crypto for your SMSF and get ATO compliant reporting.
Uphold Crypto

On Uphold's website

Uphold Crypto

Highlights

  • Invest in 110+ coins including the majors, altcoins, and stablecoins with 0% commission.
  • Ability to trade crypto against other assets like foreign currency and commodities.
  • Stake a range of coins with competitive yields.

Step 1: Choose an exchange that sells Dogecoin

Dogecoin is the original meme coin. Due to its popularity, you can find Dogecoin listed at many of the leading crypto exchanges. While comparing exchanges, check what fees are charged when depositing and withdrawing funds as well as on trades. Fees vary considerably between exchanges.

Step 2: Create and verify your account

Once you've settled on an exchange to use, you'll need to open an account and verify your identity to comply with regulation and for security. Most exchanges will ask for your name, date of birth, and address. Some may require a phone number to secure your account with 2FA. Additional proof of identification, like an image of you holding your driving licence, may be required.

Step 3: Decide how much to spend

Dogecoin, like many altcoins, is prone to price volatility — especially if Elon Musk tweets about it. Like with any investment, you should only spend money that you are prepared to lose.

Step 4: Fund your account

You can deposit fiat currency (AUD) with a transfer from your bank account. Depending on the exchange, it may be possible to fund your account using a credit card, PayID, PayPal, POLi, etc. Funds may take several days before they are cleared and can be used to buy Dogecoin. If you already hold crypto in a wallet, you can fund your account by transferring coins.

Step 5: Buy Dogecoin

With a verified account and cleared funds, you can purchase Dogecoin. Depending on the exchange you use, it may be possible to set up a recurring order that will purchase more Dogecoin regularly so you can take advantage of dollar cost averaging.

Where to store your Dogecoin

When you purchase Dogecoin, you can choose to keep it in the exchange’s wallet or move it to another wallet you own.

Storing your Dogecoin in an offline cold wallet is a more secure option, but it is less convenient than a hot wallet. Since a hot wallet are connected to the Internet, they are inherently more vulnerable to theft and loss. On the other hand, they are more convenient and facilitate faster crypto trading.