How to Buy DOGE in Australia

Dogecoin (DOGE) is among the five most popular cryptocurrencies in Australia, just behind Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and above Binance Coin (BNB). 

While it may not possess the same level of technological sophistication as its previously mentioned counterparts, DOGE's strong community has made it a beloved asset among countless Aussie enthusiasts. It is estimated that around 23% of Australian crypto owners hold DOGE in their portfolios. 

As such, Dogecoin has become the number one memecoin in the land Down Under. This guide explores how to buy DOGE in Australia for beginners looking to buy this cryptocurrency for the first time and those exploring the possibility of adding more DOGE coins to their respective portfolios. 

What is Dogecoin?

Dogecoin is a meme-inspired cryptocurrency that emerged as a prominent player in the crypto space despite its humble origins. While other cryptocurrencies focus primarily on monetary gains, Dogecoin embraces a more community-oriented approach. 

Having garnered millions of followers, this cryptocurrency has defied expectations and has become a valuable asset due to the strong support and enthusiasm of its dedicated community. 

Thanks to this support, DOGE consistently ranks among the top 15 cryptocurrencies by market cap, as observed on our crypto prices page. As Dogecoin's popularity continues to grow, it remains a fascinating example of how community-driven initiatives can shape the cryptocurrency landscape.

Where to buy Dogecoin in Australia?

Interested parties can acquire Dogecoin through various centralized and decentralized exchanges, each offering unique advantages and disadvantages.

However, decentralized exchanges (DEXs) can be complex for beginners and may have lower trading volumes for Dogecoin. Centralized exchanges (CEXs) offer a more user-friendly experience and higher liquidity for popular assets like DOGE.

As a leading exchange in Australia, CEX.IO offers a user-friendly interface and robust security measures for Aussie enthusiasts. Our platform allows Australian participants to deposit using various payment methods and withdraw Australian Dollars (AUD) with their credit and debit cards. 

Ultimately, the decision on where to buy DOGE in Australia is a personal one, and it's crucial to conduct thorough research and compare different platforms. 

Step-by-Step Guide: How to Buy Dogecoin in Australia

Once registered and verified, Australian enthusiasts can seamlessly buy, sell, store, and trade DOGE on CEX.IO. Those looking to trade DOGE can do so through Spot Trading, allowing eligible users to tap into the USD, EUR, USDC, USDT, and BTC currency pairs. 

On the other hand, beginners looking for a quick entrance can acquire DOGE through Instant Buy. By choosing their preferred payment method, eligible users from Australia can obtain DOGE beyond trading at its current market price. Here's how to buy DOGE in Australia through Instant Buy:

1. Log in to your account using established credentials.
2. Navigate to Instant Buy through the dashboard. 
3. Choose DOGE as your preferred cryptocurrency from the list of available assets. 
4. Select the fiat currency (USD, EUR, GBP) you want to use to acquire DOGE.
5. Specify the amount you want to spend for your DOGE purchase. Alternatively, you can choose between preselected denominations.  
6. Choose your preferred payment method. 
7. Follow the on-screen instructions to complete your DOGE purchase. 

Payment methods

CEX.IO caters to Aussie users by offering a variety of payment methods to acquire DOGE and over 200 other supported cryptocurrencies. Australian customers can conveniently link their credit and debit cards issued by major banks or alternative payment processors like Wise and Revolut directly to their CEX.IO crypto wallet.

In addition to credit and debit card functionality, eligible Aussie participants can obtain crypto through bank transfers, Apple Pay, Google Pay, Neteller, Skrill, and MoneyGram. 

Our platform also allows funding wallets through PayPal, though this feature is only available to U.S.-based customers. Speaking of which, we advise Australian users to research the availability of specific payment methods in their jurisdictions, as some of them may be unavailable due to local/regional regulations. 

FAQs

What is the best way to buy Dogecoin?

The key to buying Dogecoin (DOGE) in Australia is finding the right crypto exchange. Before signing up, Aussies should check if the platform is licensed and regulated, understand the transaction fees and payment methods, explore DOGE markets, and see how good their customer service is.

Is Dogecoin legal in Australia?

Yes, Dogecoin (DOGE) is legal to buy, sell, and trade in Australia. While there aren't specific laws directly regulating cryptocurrencies, the Australian government treats them as property subject to capital gains tax. This means participants need to report any profits or losses from their DOGE transactions to the Australian Taxation Office (ATO).

What are the fees for buying Dogecoin?

The fees associated with buying Dogecoin may vary based on the chosen payment method. For example, credit and debit cards often incur higher fees due to processing charges from card networks, while bank transfers may have lower fees but can take longer to process. Google Pay fees can vary based on the specific account and the exchange's policies. It's always recommended to check the fee structure of the chosen exchange before making any purchase.

Do I need a Dogecoin wallet?

A Dogecoin wallet is essential for safely storing and managing DOGE tokens. CEX.IO offers a convenient and secure solution. Our free crypto wallet supports not only Dogecoin but also a wide range of other digital assets.

By using CEX.IO's wallet, users can easily access and manage their DOGE directly from their account, benefiting from our robust security measures and user-friendly interface. This eliminates the need for a separate wallet and provides a streamlined experience for storing and managing Dogecoin holdings.