- 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 the UK today.
Not sure which exchange to use?
Where to buy Dogecoin
On website
Don’t invest unless you’re prepared to lose all the money you invest.
eToro Crypto
Highlights
- Trade and stake a range of crypto assets with low fees.
- Copy successful traders. Practice with a demo account.
- eToro is regulated by CySec, FCA and ASIC.
Pros
Cons
On website
Coinsmart
Highlights
- Get $20 in BTC with your first deposit.
- Trade major coins and popular altcoins including Dogecoin, Cardano, Solana, Polkadot, and Polygon.
- Fund your account with wire transfers, credit / debit cards, or crypto with access to trade funds the same day.
Pros
Cons
On website
Crypto assets are highly volatile. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.
Uphold Crypto
Make sure you meet the following criteria before applying.
Application requirements:
Uphold Crypto
Highlights
- Invest in 250 + cryptocurrencies and stablecoins, 27 national currencies, and multiple precious metals with 0% commission.
- Ability to trade crypto against other assets like foreign currency and commodities.
- Registered with FinCEN (US), FCA (UK), and FCIS (Lithuania).
Pros
Cons
On website
Finty may be compensated when you click on the link.
Highlights
- Get £5 in Bitcoin with your first trade on Coinbase.
- Buy and sell popular digital currencies, and keep track of them in the one place.
- Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
- Crypto stored on Coinbase servers is covered by an insurance policy.
Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.
Pros
Cons
First time buying?
How to buy Dogecoin
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 (GBP) with a transfer from your bank account. Depending on the exchange, it may be possible to fund your account using a credit card, PayPal, 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.
After you buy
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.
