How to Buy Dogecoin in 2025

Buying Dogecoin is easier and faster than ever before (it shouldn’t take more than 5 minutes), and there are several different types of crypto marketplaces and platforms on which you can purchase it. That said, we believe centralized crypto exchanges, or CEXs, are the best and safest way to buy Dogecoin at the most competitive price.

So, how do you buy Dogecoin from a CEX? The process is not that complicated and can be broken down into six key steps:

1. Find the right crypto exchange for your Dogecoin purchase
2. Sign up for an account with the exchange you chose
3. Go through KYC verification to confirm your identity
4. Deposit the necessary funds to your account
5. Place a buy order on DOGE on the exchange’s platform
6. Store your Dogecoin in your crypto wallet

If you need additional guidance on buying DOGE from a CEX, this comprehensive guide will walk you through every process step and provide additional tips and insights. We will also cover some less popular but viable methods to buy the coin and examine some of the most practical use cases for DOGE.

Where to Buy Dogecoin – Best Exchanges

The best places to buy Dogecoin include popular exchanges that you know, but there is a catch: not all crypto exchanges are safe. While there are over 50 places to buy dogecoin in 2025, these few have been used, tested, and tried by our team.

What is Dogecoin?

If you want to buy Dogecoin, then knowing about its origin and timeline isn’t a bad idea. Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency launched in December 2013 by Billy Markus and Jackson Palmer. Initially created as a joke inspired by the "Doge" meme featuring a Shiba Inu, it has since grown into a widely recognized digital asset with a strong community backing.

Unlike Bitcoin with a maximum supply of 21 million, Dogecoin has no maximum supply, with over 120 billion DOGE currently in circulation and 10,000 new coins mined every minute.

Dogecoin operates on blockchain technology using the Scrypt algorithm, which makes it less energy-intensive than Bitcoin. Its low transaction fees and fast block time of one minute make it suitable for microtransactions, tipping content creators, and charitable donations.

As of the first quarter of 2025, Dogecoin's market capitalization is over $20 billion, ranking it among the top cryptocurrencies by market cap. Despite its humorous origins, Dogecoin continues to gain adoption and remains a prominent player in the crypto space.

You can read our post on how to mine Dogecoin to understand Dogecoin and how it works.

How to Buy DOGE in 6 Easy Steps

To kick things off, let’s take a closer look at our recommended method and explain the process of buying Dogecoin from a crypto exchange in more detail.

1. Find the Right Crypto Exchange

The first step in buying Dogecoin is deciding on which crypto exchange to purchase it on. As the popularity of cryptocurrencies increases, the options for buying crypto become more expansive, and today, there are hundreds of CEXs on which DOGE can be bought.

That said, not every crypto exchange may be suitable for your purchase. You should buy DOGE on a secure and reliable CEX that will allow you to use your preferred payment method and charge minimal transaction fees.

Without the right resources, researching CEXs can be a time-consuming and tedious task. Our list of the best crypto exchanges for buying DOGE in 2025 is above to help you save time and effort

2. Sign Up With the Exchange

After you find the right CEX for your purchase of DOGE, you will need to sign up with it to become a registered user and be able to trade cryptocurrencies on its platform.

Signing up with a crypto exchange is a pretty standard process, similar to creating an account with any other financial service online. You will need to fill out a form with some basic personal information, such as:

• Your email address
• Your name
• Your country of residence
• Your date of birth

And possibly other optional information that the exchange may require from you.

Additionally, you will need to set up your password and possibly other security measures, such as two-factor authentication or biometric verification, during this phase.

Finally, the exchange may also want to confirm your registration through an email or a text to your phone number. After entering the code or clicking on the verification link, your account will be activated, and you can log in and start exploring the platform.

3. Complete Your KYC Verification

Although you have successfully created an account and logged in to the exchange, you may not yet be able to make any transactions as you still haven’t completed the KYC verification.

KYC, or Know Your Customer, verification is a compliance requirement for all regulated financial institutions that handle large transactions, including CEXs. The law requires these entities to confirm the identity of their users to prevent financial crimes such as money laundering and fraud.

To be able to buy Dogecoin on any CEX, you will need to upload copies of government-issued documentation and photos of yourself to the platform. After the exchange’s system verifies your identity, your account will be fully operational, and you will be able to use all of the exchange’s features.

4. Deposit Funds for the Purchase

Once the exchange confirms your identity and you are granted transaction privileges, the first thing you should do is load your account balance with funds. It is a good idea to deposit the exact amount of money you want to buy DOGE for to prevent overspending and getting charged more than you initially planned.

To make a deposit, you need to navigate to the area of the exchange that deals with funding your account. Depending on which CEX you are using, this could be the “Wallet” or the “Finances” tab or something similar.

Then, look for an option that will allow you to transfer funds to your account, possibly something like “Deposit” or “Add Money”. Tap the button to initiate the transaction, choose your preferred payment method, insert the amount, and confirm the payment.

During this step, you must review all the terms carefully and pay close attention to the transaction details and charges applied to your deposit. If there are any excessive fees or additional costs you don’t agree with, you can try depositing with another method.

5. Buy DOGE From the CEX

With your account loaded with funds, you are ready to start trading cryptocurrencies on a crypto exchange. To buy Dogecoin, you will first need to navigate to the trading section of the platform, typically labeled “Trade” or “Spot Exchange”.

Then you want to find Dogecoin (DOGE) on the list of tradeable cryptocurrencies, either by scrolling down or using a search bar. Once you find it, tap on it to pull up the trading interface.

In this new window, you will likely have multiple options, but you only need to focus on a few key things. You need to choose your balance as the payment method for the purchase and insert the amount of DOGE you want to buy. You can keep everything else on default and place a basic market buy order to initiate the trade.

Again, thoroughly examine the transaction details and the fees applied to your order. If you are happy with the costs associated with your purchase, you can confirm your payment.

6. Store the DOGE in Your Crypto Wallet

Shortly after confirming your payment, the transaction should be finalized, and the DOGE you placed an order on should be credited to your account’s balance. This means you now own the DOGE, although it is still under the CEX’s custody because it is stored in its crypto wallet.

If you want to take custody of your newly purchased DOGE, move it into a crypto wallet with private keys under your control.

To do this, return to the tab where you made the deposit. It is highly likely that in this section, you will also find the withdrawal button, which will allow you to move your cryptocurrencies and transfer them to any wallet you have the keys for.

Tap on the withdrawal button to initiate the transfer, insert the amount of DOGE you want to move, insert the public key of your crypto wallet, and confirm the transaction. The cryptocurrency should shortly be transferred and stored in your own wallet.

Why Trust Us?

Webopedia is a free and accessible resource that provides reliable and unbiased information on emerging technologies in the digital world. We take pride in our commitment to educating our readers on topics like how to trade DOGE and what are the best crypto exchanges to do so.

Our team of experts has extensive experience and expertise in the crypto market and brings a wealth of knowledge to each article and review we publish. We make it our mission to research, analyze, and personally test as many crypto exchanges as possible and share our findings objectively and in a beginner-friendly manner.

You can trust Webopedia to deliver accurate information and guide you with professional advice in the ever-changing dynamic crypto market. By relying on our up-to-date insights, expert tips, and analysis, you can stay informed and make your investment decisions confidently.

Alternative Methods to Buy DOGE in 2025

As we mentioned in the beginning, there is more than one way to invest in Dogecoin, and although we prefer using CEXs, we will still introduce you to other options. While there are more than a dozen ways to buy DOGE, here are the alternative types of platforms that we selected:

• Decentralized Crypto Exchanges: Autonomous crypto trading platforms that enable users to buy and sell cryptocurrencies without third-party intermediation.

• Peer-to-Peer Crypto Platforms: Crypto marketplaces that facilitate direct connections between buyers and sellers and allow them to set the terms for their crypto trades.

• Online Broker Platforms: Trading platforms that combine crypto trading with traditional investment options and allow users to manage their portfolios from one single account.

• Crypto Wallets: Primarily used for storing cryptocurrencies, some crypto wallets have integrated crypto exchange features that can be used to buy and sell cryptocurrencies.

• Cryptocurrency ATMs: Physical kiosks, similar to traditional cash dispensers, that can be used for the buying and selling of cryptocurrencies through an in-person transaction.

In the following section, we will introduce you to these alternative methods, discuss their advantages and drawbacks, and see how they compare to buying Dogecoin from a CEX.

Decentralized Crypto Exchanges

Decentralized crypto exchanges, or DEXs, operate in a similar manner as CEXs, by using an order book and matching orders, though instead of acting as a centralized authority that manages transactions, they rely on smart contracts to facilitate trades.

The lack of mediation and regulation in DEXs, makes these exchanges appealing to traders who value privacy and autonomy over everything else. KYC verification is not a requirement for DEXs, and since they don’t accept fiat currencies, users don’t have to share their financial information with them to trade.

However, they are considerably more complex to use and require a certain level of understanding of blockchain technologies from the user. Moreover, if you don’t already own some cryptocurrency, you won’t be able to buy DOGE from a DEX, so we suggest using them only if you are not an absolute beginner.

Peer-to-Peer Crypto Platforms

In addition to DEXs, P2P crypto platforms are another decentralized crypto marketplace that operates without oversight from a central entity. However, unlike DEXs and CEXs, these platforms don’t use an order book but allow buyers to browse through listings posted by sellers and find an offer they like when buying cryptocurrencies.

This peer-to-peer approach allows buyers to contact the seller and negotiate the terms of the potential purchase before they commit to it. They can arrange to get a better deal or use some alternative payment method, which may be unavailable on CEXs, to pay for the cryptocurrency they buy.

On the other hand, since there is no central authority and no smart contract to automate the transaction, the risk of encountering a fraudulent seller is a real concern on these platforms. If you are interested in buying Dogecoin from a P2P crypto platform, we strongly recommend you carefully verify the seller’s reputation and use an escrow service to secure your transaction.

Online Broker Platforms

Online brokerages are investment platforms on which users can trade and invest in various asset classes, like stocks, shares, ETFs, and on some of them, cryptocurrencies. These platforms are favored by investors with diverse portfolios as they allow them to manage all of their financial products from a single environment.

Online brokerage and investment platforms have some of the most advanced security measures, trading tools, and features used by investors who trade across different markets. If you want to invest in Dogecoin to enter the crypto market and diversify an already well-rounded portfolio, these platforms may be best suited for you.

However, if you are just interested in purchasing DOGE without plans to become a diversified investor, online brokers may not be the most convenient option. There is no point in paying extra for features you don’t plan on using, especially when there are options, like CEXs, that are much easier to use and considerably more cost-effective.

Crypto Wallets

Some crypto wallet providers integrate built-in crypto exchanges as features into their wallets and allow their users to buy cryptocurrencies directly from their native platforms. If you already have a wallet with this feature, this can be a very convenient way to buy Dogecoin, as you won’t have to transfer it after purchasing it from a CEX.

On the other hand, if your crypto wallet doesn’t have a crypto exchange integration, you will have to create a new crypto wallet that supports buying cryptocurrencies this way. What’s more, if you want to store your DOGE in a cold wallet for enhanced protection, you will still have to transfer it.

While buying DOGE from a crypto wallet certainly streamlines things and doesn’t require using two separate platforms, it may not be the most efficient way to purchase the coin. These built-in exchanges are typically significantly less liquid than CEXs, and low liquidity can lead to lengthy processing delays, and high market spreads and price slippages.

Cryptocurrency ATMs

Buying cryptocurrencies with a crypto ATM is a relatively straightforward process. You would use the machine’s interface to select the crypto and the amount you want to buy, the public key to your crypto wallet, and pay for the purchase with a credit card, debit card, or cash. However, there are some caveats to using this method as well.

Not all crypto ATMs sell DOGE, and most are limited to four or five major cryptocurrencies. Some are even limited to buying and selling BTC. Additionally, the transaction fees associated with buying cryptocurrency on crypto ATMs are considerably higher than those charged by CEXs.

As the only method of buying Dogecoin through an in-person purchase, crypto ATMs are invaluable for many traders. Users who can’t use CEXs due to geolocation restrictions, have no access to traditional banking services, or don’t want to share their personal information online have no choice but to use a crypto ATM to buy DOGE.

6 Common Mistakes to Avoid When Buying Dogecoin

Joining the hype and securing a quantifiable amount of Dogecoin to your portfolio is not bad - even billionaires are long-term investors. But you need to know more about the common mistakes to avoid when buying and securing Dogecoin.

1. Falling for Unit Bias

Newcomers often fall into the trap of buying Dogecoin simply because it’s cheaper than Bitcoin or Ethereum, assuming that owning more coins for less money is a better deal. This mindset, known as "unit bias," ignores critical factors like the coin’s utility, underlying blockchain technology, and long-term viability. Instead of fixating on the low price, it’s essential to consider Dogecoin’s inflationary nature -10,000 new DOGE are mined every minute—and its lack of scarcity compared to capped cryptocurrencies like Bitcoin.

2. Chasing Celebrity Hype

Dogecoin’s value often surges due to endorsements from high-profile figures like Elon Musk. However, making impulsive investment decisions based on celebrity influence can backfire when the hype dies down or when crypto rug pull is initiated. It’s crucial to build your investment strategy on solid research and analysis rather than external noise or trends.

3. Overlooking Security Practices

One of the most common mistakes is failing to secure your Dogecoin holdings. Keeping your coins on an exchange leaves them vulnerable to risks like hacking or the platform’s potential insolvency. To safeguard your investment, transfer your Dogecoin to a secure wallet—preferably a hardware wallet for maximum protection. Please also enable two-factor authentication (2FA) and use strong, unique passwords to add an extra layer of security (ensure you change your passwords periodically).

4. Giving in to FOMO

Fear of missing out (FOMO) can drive investors to buy Dogecoin during rapid price surges, only to see its value plummet soon after. For example, Dogecoin’s price skyrocketed by 355% in late 2024 but later experienced a significant drop. To avoid this, resist the urge to panic-buy and consider strategies like dollar-cost averaging (DCA), which allows you to invest steadily over time rather than all at once.

5. Failing to Diversify

Crypto billionaires are known for owning diverse portfolios. Investing all your funds into Dogecoin is risky due to its highly volatile nature. A smarter approach is to diversify your portfolio by including other cryptocurrencies like Bitcoin and Ethereum, as well as other asset classes. This strategy helps mitigate potential losses if one asset underperforms.

6. Not Planning an Exit Strategy

Knowing when to sell is just as important as knowing when to buy. Many investors hold onto Dogecoin during price peaks, hoping for further gains, only to miss the chance to lock in profits before a downturn. To avoid this, set clear profit-taking goals and establish exit strategies based on market conditions and your financial objectives.

Should you invest in Dogecoin?

If you are looking for how to buy Dogecoin as a beginner, pay attention to this. With the likes of top-ranking Billionaires backing it up, Dogecoin (DOGE) has become a popular cryptocurrency, but whether you should invest in it depends on your financial goals and risk tolerance. Dogecoin’s price is projected to range between $0.10 and $1.00, with some analysts forecasting an average of $0.50 in 2025 and a potential peak of $0.804 during the same period. Others predict a more conservative maximum of $0.248 for the year.

Dogecoin’s strengths include its low transaction fees and fast processing times, making it ideal for microtransactions. Additionally, it is speculated to have huge potential for long-term growth. Its community-driven culture and celebrity endorsements, such as Elon Musk’s ongoing support, continue to boost its visibility (this is both good and bad). However, its price remains highly volatile, often driven by social media trends rather than technical innovation, which makes it slightly risky.

If you’re considering investing, be aware of the risks, including market hype and regulatory scrutiny. Diversifying your portfolio and conducting thorough research are essential before making any investment decisions.

What Can You Do With Dogecoin (How to Use Dogecoin)?

Having discussed how to purchase Dogecoin, it is time to turn our attention to the possibilities and opportunities this versatile crypto coin can offer. As one of the ten most valuable cryptocurrencies by market capitalization, Dogecoin can be useful and practical but has great potential as a speculative investment.

DOGE owners have several viable avenues to pursue with the coin, including:

• Hold it as a long-term investment
• Sell it for a profit at the next opportunity
• Use it to make payments or contribute tips and donations
• Send it as a remittance or international payment
• Bridge it to Dogechain and engage in DeFi activities

No matter what you decide to do with your newly purchased DOGE, it’s important to do your own research and keep your risk tolerance in mind. To help you understand your options and potential strategies, we will explore the above use cases in more depth in the section below.

DOGE as a Long-Term Investment

Many crypto investors believe that the crypto market and cryptocurrencies will continue to expand in the years to come.

As their adoption increases and blockchain technologies become more prominent, cryptos are expected to significantly increase their value and yield substantial financial returns.

If you believe that DOGE has a bright future and its price will appreciate over time, it is perfectly viable to do nothing and simply hold on to your DOGE as a long-term investment.

Selling DOGE for Profit

Unlike the patient long-term investors, many crypto owners don’t feel like waiting for their return and trade their cryptocurrencies at the first market opportunity.

Most cryptocurrencies, including DOGE, are highly volatile, so their prices fluctuate dramatically, giving keen traders the chance to buy low and sell high.

If you think you can predict market movements and time your positions right, you can always sell your DOGE for a short-term profit.

DOGE as a Payment Method

The fee structure of credit and debit cards, as well as bank transfers, makes it economically unfeasible to use these methods for small purchases and microtransactions.

Cryptocurrencies, on the other hand, offer low transaction fees regardless of how much you spend, making them a great alternative.

In addition to tipping and making donations, a growing number of merchants and online retailers are also accepting DOGE payments, so right there’s another practical use case for your crypto.

International Transfers With DOGE

Another scenario in which traditional banking methods fall short is sending money overseas or making international transfers that require currency conversion.

In addition to their high currency conversion fees, many money transfer services charge a significant transaction fee, making remittances prohibitively expensive.

Instead of paying these fees, you can convert your funds to DOGE and send them to your recipient's crypto wallet for a faster and more cost-efficient international transfer.

Leveraging DOGE in DeFi

Finally, those serious about maximizing their cryptocurrency's utility could consider wrapping their DOGE and joining the Dogechain.

By bridging your DOGE to Dogechain, you will be able to unleash DOGE’s full potential and engage in the vibrant ecosystem of decentralized finance (DeFi).

You will be able to stake or borrow your DOGE for rewards and interest, interact with all kinds of dApps, support decentralized projects and ICOs, and much more.

Conclusion: Final Tips

While our guide provided the foundation and taught you how to buy DOGE from a CEX, this is merely the first basic step to becoming a successful crypto investor.

You need to keep in mind that knowing how to invest in DOGE and knowing how to buy it is not the same thing. Investors are lifelong learners and continuously hone their skills and adjust their trading strategies to adapt to changing market conditions.

To stay ahead of the curve, use every opportunity to research and always stay up-to-date with the market trends.

Finally, bear in mind that all investments carry risk, there are no strategies that guarantee profit, and you should only invest money you can afford to lose.

FAQs on Where & How to Buy Dogecoin