Dogecoin's popularity has been undeniable recently. Looking back over nearly a year, its astonishing growth is remarkable—a 161-fold increase. In other words, an investment of 10,000 RMB in Dogecoin a year ago would now be worth 1.61 million RMB.

Such extraordinary returns quickly propelled Dogecoin to the top of Weibo's trending charts and sparked widespread attention and discussion among investors. Today, we provide a detailed guide on purchasing Dogecoin.
Before diving into the practical steps, let's briefly understand what Dogecoin is. Like Bitcoin, Dogecoin is a cryptocurrency with the code DOGE. It originated from an internet meme but has developed a unique ecosystem through community culture, social spread, and practical applications. Using Binance as an example, this guide outlines the detailed process for buying and trading DOGE to help investors get started quickly.

1. How to Buy Dogecoin? Step-by-Step DOGE Purchase Guide

Dogecoin is listed on over 120 mainstream exchanges worldwide, including platforms like OKX, Binance, Huobi, and Gate.io. Below is the complete process for purchasing DOGE via the OKX exchange. To buy DOGE, you first need USDT—
Visit the official OKX website. OKX ranks among the world's top three exchanges, offering a 20% discount on trading fees upon registration! New users also receive a free blind box with random tokens worth $2–$8.

Click here to register your OKX account → or alternative link (VPN may be required in some regions)

First, access the OKX official website using the link above. Then enter your registration email:

Next, set your phone number based on your situation. Use a domestic number by selecting the +86 country code, then enter the 6-digit SMS verification code to complete verification:

After SMS verification, proceed to verify your country or region. For instance, selecting China requires clicking next and confirming the popup:

Note: Ensure country or region verification matches your ID or residence proof. Fill in truthfully. After selecting your region, agree to the Terms of Service/Privacy Policy, then proceed. Set a login password to automatically enter the dashboard:

Account registration is now complete, but identity verification remains pending. OKX requires KYC verification to enable cryptocurrency buying or depositing. Completing KYC may earn a random blind box with up to 50 USDT rewards.

After registering on OKX, create an account, finish registration, and log in to start trading USDT.

Click the 【Register】 button, select China as your region, and enter your email. After filling in details, click 【Register】 to finalize account creation.
Wait for the OKX account to register, then download and install the app. Ignore security risk warnings during installation; they are routine for crypto apps and safe if downloaded from the official site.

Apple users must log in to the App Store with an overseas Apple ID to download. Search Zhihu for creating overseas (e.g., Hong Kong, US) Apple IDs. Once installed, follow these steps to purchase USDT first:

This converts RMB to USDT, a USD-backed stablecoin pegged 1:1. This step is essential.

After purchase, view 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 trade on the platform. Go to the trading interface, select 【Spot Trading】, choose the token pair, enter the purchase amount, and complete the trade.

Buying and Selling USDT

With an OKX account, buy USDT via C2C trading, quick trade, or other methods. Convert RMB to USDT or vice versa. Detailed steps are as follows—

1. After entering OKX, click the 【Buy Crypto】 button at the top, then select 【C2C Buy】.
1. On the app homepage—Buy Crypto (C2C Buy)—Quick Trade—select USDT—enter the desired USDT amount—choose payment method: Alipay, WeChat Pay, or bank card—transfer money to the assigned seller per instructions, then wait briefly.
1. Click the seller’s 【Buy】 button, enter the purchase amount, select payment method, complete payment, then click 【I Have Paid】. After seller confirmation, USDT is credited to your account.
  This completes the RMB-to-USDT conversion. USDT is pegged 1:1 to USD, making this step necessary.

After purchase, check USDT balance in 【Asset Management】→【My Assets】. Transfer USDT from funding to trading account to trade for other tokens. In the trading interface, select 【Spot Trading】, choose the token pair, enter the amount, and finalize the purchase.

Buying DOGE with USDT

To convert USDT to Dogecoin (DOGE), click "Trade" at the app bottom → select "Spot" → choose the 【DOGE/USDT】 trading pair. Enter the DOGE amount based on your USDT balance, then click "Buy DOGE" to complete. To sell DOGE, enter the amount and click "Sell DOGE."

Use limit or market orders for buying Dogecoin:

Limit Order—Set a target price; trade executes automatically when reached.
Market Order—Execute immediately at current market price, ideal for quick transactions.

After purchase, view DOGE balance under 【Asset Management】.

To sell DOGE back to USDT for cashing out, choose a market order. After selling, transfer USDT from trading to funding account, then use 【C2C Trading】 to convert to RMB.

2. Is Dogecoin Still Worth Investing In?

Compared to Bitcoin, Dogecoin adopts a more relaxed, community-driven approach. Initially used for online tipping and microtransactions, it aligns with American "tip culture" and gained rapid popularity on social platforms. Its low barrier and "cute" appeal made it the second most popular tipping cryptocurrency in the US internet within a week of launch.

Although Dogecoin began as a joke, its performance has surpassed expectations. Created by Jackson Palmer and Billy Markus, DOGE remained active even during crypto downturns and is among the few projects to endure multiple market cycles.

According to Canadian crypto researcher Kevin Rooke, Dogecoin’s activity level exceeds many mainstream coins. In December 2018, DOGE’s daily active addresses surpassed December 2017 levels, ranking third 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.

Additionally, Dogecoin excels in 24-hour trading volume—nearly 30,000 daily transactions totaling $264 million, indicating a highly active and resilient network.

Kevin Rooke also noted 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" rare in other cryptocurrencies—absurd, unruly, humorous, and deeply community-oriented. This aligns with the current "meme community" culture opposing traditional financial institutions (e.g., hedge funds). Elon Musk’s social media endorsements have amplified DOGE’s market attention.

In price and market cap terms, Dogecoin’s low entry barrier makes it accessible for ordinary investors, with significant growth potential. Compared to high-market-cap coins, DOGE has lower trading costs and less price manipulation pressure, appealing to retail investors.
Of course, some veteran players remain cautious, citing DOGE’s lack of real use cases beyond tipping, limited promotion, and marginal performance in recent DeFi trends.

However, DOGE has evolved from a joke into a formidable investment force. For beginners, understanding its mechanics and purchase process is the first step into crypto.

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How to Buy and Trade Dogecoin DOGE The Complete Guide