How to buy Dogecoin (DOGE) in the US

What is Dogecoin (DOGE)?

Dogecoin (DOGE) is a crypto coin launched in 2013 as a light-hearted experiment inspired by the Shiba Inu ‘Doge’ meme. What started as a parody has since evolved into a cryptocurrency with its own dedicated blockchain.

Technically, Dogecoin runs on a Proof-of-Work (PoW) model, similar to Bitcoin and Litecoin, where miners validate transactions and secure the network. Unlike Bitcoin, DOGE has no hard supply cap – new coins are issued continuously, which assists with liquidity but also makes it more inflationary.

Dogecoin consistently ranks among the top 10 to 15 cryptocurrencies by market capitalization. With more than 140 billion coins in circulation, its unit price is lower than many capped-supply assets, giving it broad accessibility.

Why do people buy and invest in Dogecoin (DOGE)?

Dogecoin attracts investors for a blend of cultural and financial reasons. For some, it’s an accessible entry point into crypto – a low-cost coin with strong trading volume that can be bought and sold easily. For others, it’s a speculative bet on momentum and community-driven growth.

Historically, DOGE has experienced market upswings, with surges often triggered by social media buzz and sudden spikes in interest. These dramatic rallies have created opportunities for traders, but they also highlight the volatility that comes with DOGE.

Another reason investors consider DOGE is its practical use in payments. With fast transaction times and minimal fees, it remains a popular choice for online tipping and small transfers. While it may not match larger platforms like Ethereum in technical scope, it offers a niche appeal built around simplicity and speed.

Learn more about crypto

How to buy Dogecoin (DOGE) in 5 steps

1. Choose a cryptocurrency platform
2. Create and verify your account
3. Deposit funds
4. Buy DOGE
5. Store your Dogecoin safely

1. Choose a cryptocurrency platform

The first choice you’ll make is where to buy Dogecoin. Security, fees and ease of use should guide your decision. Platforms vary widely, but the Crypto.com App and Crypto.com Exchange stand out for their mix of user-friendly design, strong security standards and wide selection of assets.

When you buy Dogecoin on Crypto.com, you benefit from competitive pricing, simple navigation and integrated portfolio tools. You can also switch seamlessly between crypto and traditional payment methods, which makes it convenient to manage your investments in one place. 

How to find the best crypto app

2. Create and verify your account

After choosing your platform, the next step is registration. Signing up is simple: provide your name, email and password. To comply with regulations, you’ll also need to verify your identity (known as KYC). This usually involves uploading a photo ID and confirming personal details.

Verification is more than a formality – it protects your account and unlocks full platform features. On Crypto.com, completing KYC also gives you access to higher transaction limits and faster funding. Once verified, you’re ready to add funds and start trading.

3. Deposit funds

To buy DOGE, you’ll need to add money to your account. Platforms like Crypto.com offer several deposit options: bank transfer, debit or credit cards and even crypto-to-crypto transfers.

Bank transfers are cost-effective and suited for larger amounts, though they may take a couple of business days. Debit and credit cards are instant, making them ideal if you want to buy Dogecoin quickly, though fees can be slightly higher. If you already own another cryptocurrency, you can transfer it into your account and convert it to DOGE directly.

4. Buy DOGE

On the Crypto.com App, navigate to Dogecoin (DOGE), enter the amount you want to buy and review the order details. You’ll see the live price and the amount of DOGE you’ll receive. Confirm the order and, within moments, the DOGE will appear in your account.

5. Store your Dogecoin safely

Exchanges like Crypto.com hold assets in institutional-grade custody systems, which offer strong protection. For many beginners, keeping coins within the app is the simplest option.

However, for longer-term holders or those managing larger amounts, moving DOGE to a personal wallet provides extra peace of mind. There are two main types:

• Hot wallets – Apps connected to the internet, convenient for quick access.
• Cold wallets – Hardware devices or paper wallets kept offline, offering stronger protection from hacks.

Strengths and weaknesses of Dogecoin (DOGE)

Strengths of DOGE

• Strong community: Dogecoin has one of the most loyal and active communities in crypto. This support has, at times, translated into resilience during market downturns.
• High liquidity: DOGE is listed on most major exchanges and has deep trading volume, meaning it’s easy to buy, sell or trade at any time.
• Widespread recognition: Thanks to its meme status and celebrity endorsements, Dogecoin is one of the best-known cryptocurrencies, even among non-investors.
• Fast and inexpensive transactions: Compared to many coins, DOGE offers low fees and quick confirmations, making it suitable for small transfers and online tipping.

Weaknesses of DOGE

• Volatility: DOGE’s price can rise or fall dramatically within short periods, often tied to social media activity or broader market shifts.
• Speculative asset: With no hard cap on supply and fewer technical upgrades, Dogecoin’s long-term fundamentals are weaker than some other cryptos.
• Limited utility: While DOGE works well for small payments, it lacks the smart contract capabilities and broader use cases that give coins like Ethereum more depth.
• Dependence on sentiment: DOGE’s price history shows a strong reliance on hype and external endorsements, which can cut both ways.

What to know before buying Dogecoin (DOGE)

Before you decide to buy Dogecoin, it’s important to set clear expectations. Cryptocurrencies are among the most volatile assets and DOGE is no exception. Its price can swing up or down by double digits within hours, sometimes based on little more than market chatter.

You’ll also want to factor in liquidity and trading volume. While DOGE is easy to buy and sell, this same accessibility can amplify price movements when hype builds or fades. That makes timing difficult, even for experienced traders.

Doing your own research means going beyond headlines. Read project updates, track credible news sources and understand how Dogecoin’s supply model works. Once you have a clearer view, weigh whether DOGE fits your personal financial strategy. Above all, make sure your purchase size reflects your risk tolerance.

Dogecoin (DOGE) investment tips for beginners

Approaching Dogecoin as a first-time investor requires discipline. 

Start small: Testing the waters with a modest amount can help you learn without exposing yourself to oversized risk. Even small purchases can teach you how transactions, wallets and market moves feel in practice.

Use dollar-cost averaging (DCA): This can be especially useful with DOGE. By setting aside a fixed amount to invest at regular intervals, you smooth out the impact of sudden price swings. This removes some of the pressure of ‘perfect timing’, which is nearly impossible in such a fast-moving market.

Diversify: Holding a mix of assets, whether other cryptocurrencies, stocks or funds, can reduce the impact if DOGE experiences one of its characteristic sharp downturns. Treat it as part of a balanced portfolio rather than the centerpiece.

What affects the price of Dogecoin?

Dogecoin’s price is shaped by a mix of unique and common market factors. Unlike some cryptos that rely mainly on technical upgrades, DOGE is strongly influenced by sentiment and visibility. Social media conversations, trending hashtags and viral moments can spark rapid price changes.

Celebrity endorsements also carry outsized weight. Tweets or public comments from high-profile figures have repeatedly triggered sharp rallies – and sometimes equally sharp corrections.

Beyond personalities, regulatory developments can impact DOGE. News about crypto legislation or exchange rules often shifts investor confidence across the market, including in Dogecoin.

Finally, broader crypto trends play a central role. In bullish markets, DOGE often benefits from renewed retail interest and increased trading activity. In bearish conditions, it tends to retreat alongside other altcoins, sometimes more sharply due to its speculative nature.

Dogecoin outlook

Dogecoin’s future depends on a mix of community energy, adoption trends and broader market conditions. Analysts remain split – some argue DOGE’s unlimited supply limits long-term growth, while others believe its popularity and liquidity will keep it relevant.

Community-driven development has always been Dogecoin’s strength. Efforts to improve the network and expand its use for payments could add practical value over time. Partnerships or integrations with merchants, apps, or payment platforms may also influence its staying power.

As with any cryptocurrency, the outlook is tied closely to overall market sentiment. Bull markets tend to amplify Dogecoin’s appeal, while downturns test investor patience. Still, its brand recognition and loyal following give DOGE resilience that many other memecoins lack. Recent discussion around a potential Doge ETF has also added to investor interest, highlighting how mainstream financial products could shape future demand.

FAQs about Dogecoin (DOGE)

What is Dogecoin used for?
Dogecoin is mainly used for peer-to-peer payments, online tipping and donations. Its low transaction fees and fast confirmations make it popular for smaller transfers, especially within communities.

Is Dogecoin (DOGE) a good investment?
That depends on your goals and risk tolerance. DOGE has experienced past rallies, but its price is highly volatile. Treat it as a speculative asset and avoid investing more than you can afford to lose.

Does Elon Musk own Dogecoins?
Elon Musk has publicly stated he owns some DOGE and continues to reference it on social media. His comments often impact short-term price movements, but his exact holdings aren’t disclosed.

How safe is it to buy Dogecoin?
It’s as safe as the platform and storage method you choose, and depends on your investment risk appetite. Buying through a regulated exchange like Crypto.com and securing your coins in a trusted wallet can minimize risks.

Can Dogecoin realistically reach $1?
The $1 milestone is a common community goal, but reaching it would require massive market cap growth. While possible in theory, it depends heavily on market demand, adoption and broader crypto conditions. Analysts view it as a speculative but not impossible target.

Ready to get started?

1. Sign up with Crypto.com in minutes.
2. Deposit funds into your account using your preferred method.
3. Go to the ‘Trade’ tab and select DOGE.
4. Manage, spend and track your crypto portfolio anytime with our App.

Important information: ​​This is informational content sponsored by Crypto.com and should not be considered as an investment recommendation or advice. Trading cryptocurrencies carries risks, such as price volatility and market risks. Before deciding to trade cryptocurrencies, consider your risk appetite. Crypto.com services, features, and benefits referenced in this article may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com.