in Dogecoin (DOGE)
It's official, Dogecoin is taking over the world! This article will show you multiple ways to buy Dogecoin, including buying it with cryptos like Bitcoin, USD, and PayPal.
How to Buy Dogecoin with Bitcoin and Other Cryptos
If you’re already invested in another cryptocurrency and you’d like to exchange it for DOGE, there’s a super simple way to do that with Exodus. All you need to do is download and install Exodus which hosts an easy to use DOGE wallet (see here for mobile instructions).
After installing and opening Exodus, scroll down and look on the left-hand side for the crypto that you already own and want to trade for DOGE. Open that wallet, click on “Receive” and then send the crypto to that address.
After the transaction finalizes, click on the two arrows to the right of “Receive.” This will take you to the exchange page.
From here you can select DOGE on the right-hand side. Select how much you want to buy and then click exchange.
This is a simple way to acquire DOGE as you don’t have to register with an exchange. Not only can you avoid signing up for an exchange, but you also don’t have to enter any personal information!
Since you don’t have to submit documents, trading with Exodus is faster, convenient, and more private than using a large exchange.
Where to Buy Dogecoin with USD
The most reliable place to buy DOGE with USD is Kraken. The Kraken DOGE/USD pairing isn’t that liquid (can’t buy or sell a lot at once) but if you’re only buying a few hundred dollars at a time it shouldn’t be a problem.
Buy Dogecoin with Credit Card
Buy Dogecoin with PayPal
If you’d like to buy DOGE with PayPal, the best way is to first buy Bitcoin with PayPal then exchange it to DOGE. Paxful is a reliable peer-to-peer exchange that accepts PayPal. After using Paxful to purchase Bitcoin, you can send it to your Exodus wallet to exchange it for DOGE, as discussed above.
When using Paxful, it’s best to only deal with verified sellers who have a long history of successful transactions.
Overall DOGE tends to be a little bit less volatile than other cryptocurrencies. It trades within a certain price range, and unless there is a major market move it tends to stay there.
What’s most interesting is that DOGE has held its value so well in the long term. Other projects come and go, but DOGE remains in the top 50 crypto list by market capitalization (number of DOGE in circulation multiplied by DOGE price).
If you’d like to keep track of the DOGE price, the Exodus crypto charts are a great way to do so. The charts are clean, simple, and easy to read.
The number one reason that DOGE has been in the news recently is because of the attention that the coin has received from none other than Elon Musk:
The DOGE coin community latched onto Musk’s Tweet which proved to be a great source of amusement. Was he joking? Who cares, not even Ethereum has received any positive mention from the billionaire inventor.
If you’re looking for more Dogecoin news, check our DOGE wallet page, which features the latest DOGE news towards the bottom of the page.
If you’d like to get some DOGE without buying it or trading Bitcoin for it, one option is to start mining. Is it profitable to mine Dogecoin? For most people it probably isn’t. In terms of equipment and electricity, if all you care about is getting the best deal then it’s probably better to just buy it.
However, if you’re interested in the experience and supporting the network then mining may be just the thing.
As is the case with most major Proof of Work cryptocurrencies, ASICs have come to dominate the DOGE mining market. Nonetheless, it’s still possible to use a CPU or GPU rig to mine DOGE.
If you’d like to find out more about that, Exodus has created a useful DOGE mining guide that explains how to get started mining.
Although DOGE has mostly maintained its value relative to BTC, it’s important to realize that there’s no guarantee it will remain valuable forever.
So if you’d like to buy Dogecoin, that’s awesome! Just make sure that you don’t invest more than you’re willing to lose.
This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.