How to buy Dogecoin (DOGE) from the UK

By   |   Verified by Andrew Boyd   |   Updated 17th April 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 the UK today.

Not sure which exchange to use?

Where to buy Dogecoin

eToro Crypto

On eToro's website

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.


Disclaimer: Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply. Please give the risk warning sufficient screen time and prominence.

Coinsmart

On Coinsmart's 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.
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.
Coinbase

On Coinbase's website

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.

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.