This guide describes how to buy Dogecoin

What is Dogecoin?

Dogecoin

Dogecoin (/ˈdoʊʒkɔɪn/ DOHZH-koyn, code: DOGE, symbol: Рand D) is a cryptocurrency featuring a likeness of the Shiba Inu dog from the "Doge" Internet meme as its logo. The Shiba Inu is a Japanese breed of dog that was popularized as an online meme and represents Dogecoin. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014.

 

Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. While there are few mainstream commercial applications, the currency has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content. Many members of the Dogecoin community, as well as members of other cryptocurrency communities, use the phrase "To the moon!" to describe the overall sentiment of the coin's rising value.

Where to buy Dogecoin

What is the easiest and safest way to buy Dogecoin? Where to purchase the cryptocurrency Dogecoin with US dollars and other fiat currencies? How to buy Dogecoin with credit card? Where to hold Dogecoin? Get the answers here.

The following guide describes how to buy Dogecoin:

Buying Dogecoin directly in fiat currency is a little difficult. But you can exchange your other altcoins, such as Bitcoin, Litecoin, or ETH for Dogecoin altcoins.

If you do NOT already own Bitcoin or Litecoins:

A step-by-step guide to buying Dogecoin.

1. Open an account with Coinbase or another cryptoexchange. Follow this link and sign up and buy or sell USD 100 of bitcoin or more and earn  USD 10 of free bitcoin.

2. Buy Bitcoin (BTC) or Litecoin (LTC)

3. Open an account with CoinSpot

4. Send some of your Bitcoin (BTC) or Litecoin (LTC) into CoinSpot. You can find the adress of your wallet in Coinspot by opening the wallet under the menu "Wallets"

5. Log in to CoinSpot. Go to the 'Sell' page and select either BTC, LTC (Depending on what coin you sent in)

6. Where it asks 'What you would like to sell it for?' You need to open the drop down box and click on the coin you want to sell it for i.e. Dogecoin

7. Now you have some Dogecoin

Note: Coinspot targets customers in Australia. But if you are not in Australia, you are still able to use CoinSpot  to trade on. You can send in BTC & LTC and sell these coins or trade for other coins on CoinSpot. You can also send the coins out of Coinspot. It is only if you wish to withdraw or deposit AUD funds from your account, you will be required to have your account verified.

If you already own Bitcoin or Litecoin:

A step-by-step guide to buying Dogecoin with Bitcoin or Litecoin.

1. Open an account with CoinSpot

2. Send some of your Bitcoin (BTC) or Litecoin (LTC) into CoinSpot. You can find the adress of your wallet in Coinspot by opening the wallet under the menu "Wallets"

3. Log in to CoinSpot. Go to the 'Sell' page and select either BTC, LTC (Depending on what coin you sent in)

4. Where it asks 'What you would like to sell it for?' You need to open the drop down box and click on the coin you want to sell it for i.e. Dogecoin

5. Now you have some Dogecoin

Note: Coinspot targets customers in Australia. But if you are not in Australia, you are still able to use CoinSpot  to trade on. You can send in BTC & LTC and sell these coins or trade for other coins on CoinSpot. You can also send the coins out of Coinspot. It is only if you wish to withdraw or deposit AUD funds from your account, you will be required to have your account verified.

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