How to buy Dogecoin (DOGE) with a credit & debit card

Being created as a joke, using a popular meme as its logo, the Dogecoin project didn’t even guess that the price of the native coin would ever rise by a thousand percent. Analytics still argue what was the true reason the DOGE coin skyrocketed in early 2021. Still, the global crypto community quickly caught up with the way of excitement about the DOGE spike and created a lot of buzz around the coin. So we can’t help but open our existing and future customers numerous options to buy, sell, trade, and exchange DOGE on a reliable crypto exchange & trading platform.

Coin overview: what is Dogecoin (DOGE)?

First of all, Dogecoin is a cryptocurrency and blockchain project. Just like other digital coins, DOGE used to perform fast decentralized transactions on the distributed ledger. However, there are several aspects that distinguish this cryptocurrency from other similar projects.

How it all started?

The idea behind Dogecoin was not something like crypto wisdom as the fastest transactions or innovative scalability approach. B. Markus, a programmer from the US, announced his theory that a lighthearted cryptocurrency associated with something like a joke could attract more people than Bitcoin did. Because, at that time, the last one was hardly understandable technology with a mysterious creator. Marcus found support in J. Palmer, an Adobe engineer who created the official website of the Dogecoin project.

Merged mining with Litecoin network

Dogecoin was launched as a Litecoin fork, using the same network with a famous cryptocurrency LTC. DOGE developers decided to adopt the model of merged mining. Thus, providing the same hash power as before merge, Litecoin miners can receive extra rewards in DOGE coins.

Where to buy DOGE coin: stock and crypto markets?

Since Dogecoin is a cryptocurrency, it is a digital asset and thus, can be traded on crypto markets only. When you trade on stock markets, you usually purchase the security that represents the ownership of part of a corporation's equity. On crypto markets, you don’t share your ownership of the digital coin you bought. You have your crypto wallet with virtual funds on it and can even use them to pay for goods and services. Say, if you obtain some Bitcoins, you can spend them for buying a car, a house, book tickets, etc. One more distinctive feature of cryptocurrencies is that you can exchange them quickly for hard cash, for instance, sell BTC for USD.

How to buy crypto?

Remember when you were abroad last time and exchanged your dollars or other currency that is your local, for foreign money? You came to the bank or exchange kiosk, found out the rate of exchange, gave your funds, and received approximately equal value in foreign banknotes. Buying crypto works similarly, but mostly online. You just need to find an exchange platform, open an account, link your card, and place buy orders.

Alternatively, you can find a crypto ATM. There are a lot of them in big cities like London or New York. However, get ready to keep the bill safe as it will contain your crypto wallet address where your digital coins are stored.

How to choose the crypto exchange?

You can have your own criteria regarding the convenience of crypto platforms. Some traders prefer extended price charts with tons of analytical instruments and API solutions for automated trading. While others choose an intuitive interface and familiar payment options. Still, first, you should pay attention to the security aspects and regulations the platform follows.

For instance, a crypto exchange operating in the United States or Great Britain should have a special license, legal permission to provide its services.

How CEX.IO secures your funds?

CEX.IO is a global crypto exchange with bank class security. The platform uses multi-level protection for customers accounts and funds:

• SSL-encryption;
• 2fa validation and Identity verification of every customer to prevent frauds;
• Whitelisting of crypto addresses;

Cold storage for clients’ funds with multi-signature confirmation. More you can find on our blog.

CEX.IO licenses

CEX.IO is available in 193 countries worldwide and some of them require special certification in order to provide crypto-related services for their citizens. Besides, complying with regulations is a must to be able to implement multiple payment options for customers.

CEX.IO is registered as Money Services Businesses (MSB) with the FinCEN and has got Money Transmitter Licenses (MTLs) in 32 US states. So if you’re looking for the best way to buy DOGE online in the USA, you should definitely open an account with CEX.IO. Then you know that the company activity is regulated in your area and your funds are in a safe place.

A list of other licenses you can find here.

A short guide on how to buy Dogecoin (DOGE) instantly with a credit card on CEX.IO

Here is a step-by-step instruction on how to buy Dogecoin coin using your CEX.IO account:

Open the Buy/Sell page on the website or in the mobile app;

Choose the amount of your purchase. Tip: you can switch the cryptocurrencies in the Buy drop-down list above the price-amount boxes. For example, you can buy Bitcoins instantly;

• Enter your card number and expiry date. It will be connected to your CEX.IO account. Then, you can use it for other operations, like trading or fiat withdrawals.
• Confirm the purchase and get your crypto! We’ll process your request in seconds.

How to buy Dogecoin (DOGE) for fiats with a debit card?

CEX.IO accepts both debit cards and credit cards that run on Visa or Mastercard systems. So you can use your debit card for fiat deposits or crypto purchases. Say, on the Buy/Sell page you can buy Ethereum with a debit card or credit card. Also, you can choose DOGE for purchase or any of the other 80+ supported cryptocurrencies.

How to buy DOGE with a wire transfer?

CEX.IO provides a range of convenient payment options for crypto-related transactions.

If you prefer using wire transfers and looking for a simple way on how to buy Dogecoin cryptocurrency with a bank transfer, we’ve got a solution for you. At CEX.IO you can top up your balance using:

• International SWIFT transfers;
• Domestic transfers like ACH, SEPA, Faster Payments;
• E-wallets like Skrill, Advcash, Epay.

Then, you can use your available CEX.IO balance to buy and trade DOGE and other digital coins and tokens. The detailed instructions on how to use our payment options you can find on the Help Centre.

What features to use in the CEX.IO app to buy Dogecoin (DOGE)?

To make your interaction with cryptocurrencies even easier, CEX.IO offers a multi-functional mobile app. Having it on your smartphone you can access and manage your crypto account anytime and anywhere. When you need to check the live cryptocurrency prices, deposit or withdraw funds or place new trade orders, you don’t need to use your computer or laptop. Just open the app and follow the page you need. The interface is easily navigated and all transactions are completed in a few clicks.

Instantly buy crypto with your card

To buy DOGE or any other supported digital currency with your card, go to the Buy/Sell tab and choose the Buy option. Then, simply choose the currency, amount and enter your card details. If you have some fiats on your CEX.IO account, you can use them as well.

Trade DOGE with market and limit orders

To place trade orders, follow the PRO tab and switch to Trade. You can choose the currency pair upside the screen by scrolling or typing the currencies’ names in the search bar. If you want to study the price charts, go to the CEX.IO tab and choose the currency combination.

To buy DOGE via the spot trading orders, choose the DOGE/USD market and place your orders — the market for immediate purchase and limit for delayed trading at the settled price.

Exchange your USD for DOGE in a few clicks

One more way on how you can get DOGE using the CEX.IO mobile app is by converting funds you have on your balance using the Exchange feature. Say, if you have USD, you can choose it as From currency and select DOGE as To currency. Next, select the amount and click Exchange.

In the same way, you can swap any two currencies from those listed on CEX.IO.

How to decide when I should buy a DOGE coin?

If you want to buy crypto, you should check its current market rate to know how much you should pay. For instance, those who are going to get some Bitcoins (BTC) usually follow the Bitcoin to USD price chart to check the last value. Also, by learning the previous market shift of the selected crypto you can understand how it has been changing over time and even predict further movements. As a result, identify time and market conditions at which you can buy DOGE at a cheaper price and sell it at a higher rate later.

Furthermore, traders constantly monitor the news about the crypto industry and the project behind the coin they are trading. Because many external factors, like crypto regulations or the network hard fork, can influence the market sentiment. So, always do your research.

Meanwhile, keep in mind that different sites use different sources to form the price charts. Analytical portals mostly gather information from different crypto exchanges and show the average value. While crypto trading platforms calculate the price depending on the completed and delayed trade orders placed by their users. Some of them, like Robinhood, can also include the trade fees in the market price. This way they can convince customers of the free crypto trading services.

CEX.IO has a transparent and detailed fee schedule for deposits, withdrawals, and trading operations. You can always check on your own and plan your trades accordingly.

FAQ

There are some most popular questions about Dogecoin (DOGE) and how you can buy it on CEX.IO. To find out more info, follow our Help Centre and Blog.

How does Dogecoin work?

DOGE is a cryptocurrency, running on the blockchain. This is a decentralized system for transferring digital funds quickly even for far distances. All records are stored online, copied and synchronized between millions of computers.

What is Dogecoin worth?

The value of the DOGE coin changed significantly in 2021 just because some famous people announced their support for Dogecoin on social media. Analytics believe that this situation can repeat many times, so trading DOGE is considered a very risky activity. To know the latest rate of DOGE you can use the live price charts on CEX.IO.

Where to safely store Dogecoin (DOGE)?

If the security of your crypto funds is in the first place, you can buy or deposit DOGE to your CEX.IO account. The protection of customers’ accounts is checked and proved by different independent regulatory agencies. We use cold storage for customers’ crypto holdings to keep them away from online hacks. Also, your account is protected with 2-factor authentication so only you can assess it and manage funds.

How to exchange DOGE for USD?

To sell your crypto and get cash immediately to your card you can use the Instant Sell service available in our mobile app. Also, there is an Exchange feature to convert your DOGE into any other listed currency. One more way is using the market and limit orders on the Trade page.