How to buy Dogecoin (DOGE) from the USA

By   |   Verified by Andrew Boyd   |   Updated 8th 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 today.

Where to buy Dogecoin

eToro Crypto

On eToro's website

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Archived, "Virtual currencies are highly volatile. Your capital is at risk."

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.
Crypto.com

On Crypto.com's website

Crypto.com

Highlights

  • Earn up to 8.5% p.a. on your crypto, and up to 14% p.a. for stablecoins.
  • Spend with the Crypto.com Visa Card and get up to 8% back.
  • Shop with Crypto.com Pay and receive up to 10% back, paid in CRO.
Gemini Exchange

On Gemini's website

Gemini Exchange

Highlights

  • Gemini Exchange makes it simple to research the crypto market, buy bitcoin and other cryptos, and build a portfolio for the future of money.
  • Set recurring buys and dynamic price alerts.
  • All crypto held online in Gemini's exchange wallet is insured and it uses the best-in-industry cold storage coverage with leading insurance providers.
Coinbase

On Coinbase's website

Highlights

  • Get $5 in Bitcoin after your first trade on Coinbase.
  • Buy and sell popular digital currencies, keep track of them in the one place.
  • Invest in cryptocurrency slowly over time by scheduling buys daily, weekly, or monthly.
  • Maintains crypto-insurance and all USD cash balances are covered by FDIC insurance, up to a maximum of $250,000.
KuCoin

On KuCoin's website

KuCoin

Highlights

  • Safe and rapid Bitcoin purchase.
  • Multiple order types for all kinds of risk appetite.
  • Sign up and get a welcome gift.
Uphold Crypto

On Uphold's website

Uphold Crypto

Highlights

  • Sign up on or before 5 June 2022 and get a chance to win 1 whole BTC when you deposit and trade at least $250. This promotion is for new US users only. T&Cs apply.
  • Invest in 130+ 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 license, 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 (USD) with a transfer from your bank account. Depending on the exchange, it may be possible to fund your account using a credit card, Payoneer, PayPal, Venmo, 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.