However, it’s difficult or even impossible to know for sure what dogecoin’s future looks like. Crypto could be helpful if you’re buying it in small amounts as a way of diversifying your portfolio. If you want to help secure your digital assets, including cryptocurrencies, you’ll want to set up a crypto wallet. These wallets don’t physically hold your cryptocurrency funds, but they allow you to access your funds through a private key. Many exchanges, like Binance, are primarily designed for trading and may feature complex interfaces that can be intimidating for beginners. The typical process involves depositing fiat currency, such as USD or EUR, and then converting it into stablecoins like USDT (Tether).

  • Gemini is an exchange based in New York, most well-known for being founded by the Winklevoss twins.
  • Many or all of the products featured here are from our partners who compensate us.
  • However, the catch is that many of these exchanges don’t support dogecoin.

NerdWallet does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized manias, panics, and crashes advice from qualified professionals regarding specific investment issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

Start Investing In Dogecoin Today With Coinbase

Dogecoin can also be found on decentralized exchanges, where you can coordinate peer-to-peer transactions. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Changelly is one of the few places that will allow you to buy Dogecoin with almost any currency (fiat or crypto).

  • Over the past several decades, the S&P 500’s annualized average returns comes out to about 10%.
  • Whether you’re looking to buy some dogecoin to set aside as an investment or pay for shopping, you’ll want to know where and how you can buy the cryptocurrency.
  • CryptoWallet.com allows you to conveniently purchase Dogecoin using your debit card and hold them in your wallet.
  • You can then trade that cryptocurrency for dogecoin in another exchange.

However, you should only invest what you can afford to lose, especially when investing in riskier assets. You might also want to have safer investments to fall back on in case there’s a big crash. The blockchain operates as a public ledger that’s shared between cryptocurrency holders.

Can I use a prepaid card to buy Dogecoin?

Transaction fees depend on your transaction amount, starting at $0.99 for a transaction up to $10. No deposit fees with crypto or wire transfers, though you’ll pay 3.49% of your total purchase amount with a debit card transfer, according to Gemini. This includes researching which platform would be best for your cryptocurrency needs and how investing in a cryptocurrency can fit into your portfolio.

Coinbase and Coinbase Pro

Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed. The easiest way to purchase Dogecoin is on a centralized exchange. As Dogecoin is one of the more popular cryptocurrencies, you should be able to find Dogecoin as an available option on most of the more popular exchanges. As with any crypto, be sure to check if the platform allows you to access your own digital wallet, which means you can send and receive Dogecoin. The scam solicited money from investors in exchange for shares in a purported cryptocurrency mining pool that also rewarded investors for recruiting new investors into the scheme.

Nevada laws and regulations around crypto

If this is your first time buying cryptocurrency you’ll need to look for a platform that accepts US dollars, like Public or Coinmama. « Top picks » are those we’ve evaluated to be best for certain product features or categories – you can read our full methodology here. If we show a « Promoted Pick », it’s been chosen from among our commercial partners based on factors that include special features or offers and the commission we receive. Bethany Hickey is a personal finance writer at Finder, specializing in banking, lending, insurance, and crypto.

It has a passionate community that enjoys fundraising and using Dogecoin to tip other users on Reddit and Twitter. So don’t forget to withdraw the Doge you’ve bought out of the exchange and into your own wallet using the address you got in step 1. If you keep your Dogecoins on the exchange, you’ve basically given up the control of the coins—if the exchange gets hacked or goes bankrupt, you may end up losing them. A software wallet will store the private key to your Doge on your device whether it be a mobile phone, a desktop computer or a laptop.

Dogecoin is a risky, volatile investment, and should only be purchased if you’re in a strong financial position and can afford to lose whatever money you might put in. Investment rules of thumb say risky assets like these should make up no more than 10% of your investment portfolio. The simplest way to buy Dogecoin (DOGE) is on a cryptocurrency exchange, where you can buy tokens with U.S. dollars or sometimes with other digital assets.