How to Buy Dogecoin A Step by Step Guide to Purchasing and Trading DOGE

Dogecoin's Unprecedented Surge
The remarkable rise of Dogecoin is undeniable. Over the past year, its extraordinary growth has been astounding, with a 161-fold increase. To illustrate, an investment of 10,000 RMB in Dogecoin a year ago would now be valued at 1.61 million RMB.
These exceptional returns swiftly propelled Dogecoin to the top of Weibo's trending charts, sparking widespread investor attention and discourse. This guide provides a detailed tutorial on purchasing Dogecoin.
Before delving into the practical steps, it's essential to understand Dogecoin's fundamentals. Similar to Bitcoin, Dogecoin (coded as DOGE) is a cryptocurrency. Initially inspired by an internet meme, it has cultivated a unique ecosystem through community culture, social dissemination, and practical applications. Using Binance as an example, this guide outlines the step-by-step process for buying and trading DOGE to help investors begin quickly.
1. How to Buy Dogecoin? Step-by-Step DOGE Purchase Guide
Dogecoin is currently available on over 120 global exchanges, including prominent platforms like OKX, Binance, Huobi, and Gate.io. Below is the complete procedure for purchasing DOGE via the OKX exchange. To acquire DOGE, you first need USDT —
Access the official OKX website. As one of the world's top three exchanges, OKX offers a 20% discount on trading fees upon registration! New users also receive a complimentary blind box containing random tokens valued between $2 and $8.
Click here to register your OKX account → or alternative link (VPN may be required in some regions)
- First, navigate to the OKX official website using the link above. Then, input your registration email:
- Next, provide your phone number based on your location. For domestic users, select the +86 country code, enter the 6-digit SMS verification code, and complete the verification:
- After SMS verification, proceed to verify your country or region. For instance, selecting China and clicking next will prompt a confirmation popup:
Note: Ensure the country or region matches your ID or residence proof. It's advisable to provide accurate information. After selecting your region, agree to the Terms of Service/Privacy Policy, then continue. Set a login password; upon creation, you'll be automatically logged into the dashboard:
Account registration is now complete, but identity verification remains pending. OKX requires KYC verification to enable cryptocurrency purchases or deposits. Completing this may earn you a random blind box with rewards up to 50 USDT.
After registering on OKX, you can easily create and log into your account to trade USDT.
Click the 【Register】 button, choose China as your region, and enter your email. After filling in details, click 【Register】 to finalize account creation.
Await registration confirmation, then download and install the OKX app. If security warnings appear during installation, ignore them—these are routine for crypto apps, and downloads from the official site are safe.
Apple users must log into the App Store with an overseas Apple ID to download the app. For guidance on creating a Hong Kong or US Apple ID, search on Zhihu. Once the OKX app installs successfully, follow these steps to purchase USDT first:
This completes the conversion from RMB to USDT. USDT is a USD-backed stablecoin pegged 1:1, making this step essential.
After purchase, check your USDT balance by clicking 【Asset Management】→【My Assets】. To exchange USDT for other tokens, transfer USDT from your funding account to your trading account, then execute trades on the platform. Navigate to the trading interface, select 【Spot Trading】, choose the token pair, input the purchase amount, and finalize the trade.
Buying and Selling USDT
With an OKX account, you can acquire USDT via methods like C2C trading or quick trade. You can buy USDT using RMB or convert it back to RMB. Detailed steps are as follows:
- After logging into OKX, click the 【Buy Crypto】 button at the top, then select 【C2C Buy】.
- On the app homepage—under Buy Crypto (C2C Buy) or Quick Trade—select USDT, enter the desired amount, choose a payment method (e.g., Alipay, WeChat Pay, or bank card), and transfer funds to the system-assigned reliable seller.
- Click the seller’s 【Buy】 button, input the purchase amount, select your payment method, complete the payment, and click 【I Have Paid】. Once the seller confirms receipt, USDT will be credited to your account.
This finalizes the RMB-to-USDT conversion. USDT is pegged 1:1 to USD, so this step is necessary.
- Click the seller’s 【Buy】 button, input the purchase amount, select your payment method, complete the payment, and click 【I Have Paid】. Once the seller confirms receipt, USDT will be credited to your account.
After purchase, verify your USDT balance in 【Asset Management】→【My Assets】. Transfer USDT from the funding account to the trading account to trade for other tokens. In the trading interface, select 【Spot Trading】, choose the token pair, enter the amount, and complete the purchase.
Buying DOGE with USDT
To convert USDT to Dogecoin (DOGE), click "Trade" at the app's bottom → select "Spot" → choose the 【DOGE/USDT】 trading pair. Input the DOGE amount based on your USDT balance, then click "Buy DOGE" to execute. To sell DOGE, enter the desired amount and click "Sell DOGE."
You can use limit or market orders to purchase Dogecoin:
- Limit Order — Set a target price; the trade executes automatically when the market reaches it.
- Market Order — Execute immediately at the current market price, ideal for quick transactions.
After purchase, view your DOGE balance under 【Asset Management】.
To sell DOGE and convert back to USDT for cashing out, opt for a market order. After selling, transfer USDT from the trading account to the funding account, then use 【C2C Trading】 to exchange USDT for RMB.
2. Is Dogecoin Still Worth Investing In?
Compared to Bitcoin, Dogecoin adopts a more relaxed, community-centric approach. Initially used for online tipping and microtransactions, it aligns with American "tip culture" and gained rapid popularity on social platforms. With its low barrier and appealing "cute" factor, Dogecoin became the second most popular tipping cryptocurrency in the US internet within a week of launch.
Although Dogecoin began as a humorous project, its performance has surpassed expectations. Created by Jackson Palmer and Billy Markus, DOGE remained active even during crypto downturns and is recognized as one of the few projects resilient across multiple market cycles.
According to Canadian crypto researcher Kevin Rooke, Dogecoin’s activity level exceeds many mainstream coins. He noted that in December 2018, DOGE’s daily active addresses surpassed December 2017 levels, ranking third among all cryptocurrencies after Bitcoin and Ethereum. Messari data shows DOGE had 72,955 active addresses on a given day, trailing only Bitcoin's 536,738 and Ethereum's 235,004, and far ahead of Tron's 21,255.
Moreover, Dogecoin excels in 24-hour trading volume—nearly 30,000 daily transactions totaling $264 million, indicating a highly active and robust network.
Kevin Rooke also highlighted that DOGE’s network throughput and transaction capacity outperform established cryptos like Bitcoin Cash, Litecoin, and Dash. Technically, DOGE has become an unignorable crypto network.
3. Advice for Crypto Beginners
Overall, Dogecoin possesses a unique "personality"—absurd, rebellious, humorous, and deeply community-driven—rare in other cryptocurrencies. This aligns with the current "meme community" culture opposing traditional financial institutions (e.g., hedge funds). Elon Musk’s repeated endorsements on social media have amplified DOGE’s market visibility.
In price and market cap terms, Dogecoin’s low entry barrier facilitates accessibility for ordinary investors, offering greater growth potential. Compared to high-cap mainstream coins, DOGE’s trading costs are lower, and price manipulation pressure is reduced, making it popular among retail traders.
Naturally, some experienced crypto players remain cautious, citing DOGE’s limited real-world use cases beyond tipping, modest promotion, and marginal performance in recent DeFi trends.
However, DOGE’s evolution from a joke to a significant investment force is undeniable. For beginners, understanding its mechanics and purchase process is the first step into the crypto space.
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