Compare the best Dogecoin exchanges

Dogecoin is one of the most famous cryptocurrencies in the world. This page takes you through the best Dogecoin exchanges with which to buy some and compares the top platforms around.
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Updated: Oct 12, 2022
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This beginner’s guide takes you through what to look for in a Dogecoin exchange, the best ones available right now, and how to choose between them.

Where can you buy Dogecoin on an exchange?

The best Dogecoin exchanges are listed in the table below. We’ve been through and compared all the leading platforms in order to create this list, and you can read through our reviews of each one for more information.

1
Min. Deposit
-
Promotion
User Score
8.0
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Payment Methods:
Apple Pay, Google Pay, PayPal
Full Regulations:
2
Min. Deposit
$ 10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
3
Min. Deposit
$ 1
Promotion
User Score
9.8
0% deposit fees, 0% withdrawal fees, 0% trading commissions
Set up automated trades and up to 50 limit orders with ease
Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1
Start Trading
Payment Methods:
Full Regulations:

What is a Dogecoin exchange?

A marketplace where you can buy or sell Dogecoin from other users online. It’s a stock market for cryptocurrency, where the prices change in real time based on the trading volume. Unlike the stock market, crypto exchanges are open 24/7, so you can make moves any time of day. 

There are many different types of exchange, from centralised to decentralised, and from ones that accept fiat currencies (like GBP or USD) to ones that only let you use cryptocurrencies. What they have in common is that they usually offer the best prices on any coin and the most flexibility, so you can buy a large amount of Dogecoin or easily swap one coin for another.

How do exchanges work?

It acts like a matchmaking service for traders, pairing up buyers with sellers and setting the price based on supply and demand. The exchange plays the role of the middleman, taking a cut for themselves in return for creating the marketplace for these trades to happen.

There are two ways to use an exchange, and these are known as ‘market orders’ or limit orders’. A market order is the quickest way, as it’s simply an order to buy Dogecoin at the best available price right now. A limit order is when you set the price you’re willing to buy or sell at in advance and the trade goes through as soon as the price hits that level.

How to use an exchange

First, you have to create an account and deposit money into it. Most platforms require you to provide a form of photo ID along with some contact details in order to sign up. Once your account is verified (which should only take an hour or so at most), you need to add money to it.

If the exchange accepts deposits in USD or GBP, you can use a bank transfer or a credit/debit card to do this. These are usually the cheapest methods, while something like PayPal might cost significantly more. Note that a few platforms only accept deposits in cryptocurrency, in which case you need to transfer money from a crypto wallet instead.

What should I look for in an exchange?

It depends on whether you are a short or long term trader, how big a budget you have, and whether you’re new to cryptocurrency or an experienced investor. To help you narrow it down, however, these factors below are important to everyone

Low fees

Exchanges make money by charging a fee or commission on your actions. You will probably have to pay a fee of around 1-5% for deposits and withdrawals. Likewise, exchanges make money by taking a small percentage cut from every trade as well. Shop around to find the best price.

Another thing to look out for is ‘blockchain fees’. These are the costs of doing business with any cryptocurrency, and are paid to ‘miners’ as an incentive for adding new transactions on top of any fees your exchange charges. During busy times, these fees can become very expensive, so you want to avoid making trades at peak moments if you can.

Design and ease of use

If you’re new to cryptocurrency then an interface that presents all the most important information in a clean and simple way is crucial. As crypto has become more mainstream, the quality of websites and apps has improved along with it.

It’s still important to pick out a site that works for you, however. That might mean looking for a platform with a quality mobile app so that you can manage your coins on the go. Or for a platform with lots of tutorials and beginner-friendly material to help you get started.

Range of coins available

You might want to own other coins alongside Dogecoin. In that case, the range an exchange offers is extremely important. Platforms like Binance have a huge number of options available, from obscure altcoins to big hitters like Bitcoin and Ethereum. Others are much more focused on the leading coins, so you should factor that into your choice of exchange.

Geographical restrictions

Some platforms only operate in certain jurisdictions and aren’t available in others. The rules in Europe are different to those in the US, for example, while China has the strictest cryptocurrency policy of all. Make sure to check if the exchange is available in your country, and if you plan on moving around then you need to factor that in as well. Our reviewers have checked which countries every leading platform is available in to help you.

Quick answers to key questions

Do I have to verify my account?

Yes, normally you have to provide some photo ID to comply with Know Your Customer (KYC) regulations. Normally you have to verify your account through a link in your email or sent to your mobile phone as well. There are some ways to buy Dogecoin anonymously without these checks but for most people we recommend you stick to exchanges that comply with them.

Are exchanges safe and secure?

Yes, crypto exchanges are secure. For even more security, you can store your coins in a cryptocurrency wallet which removes the risk of a hacker gaining access to the exchange. The risk of that is low, however, and for most users leaving money in your exchange account is perfectly safe.

What if I forget my password?

Your exchange should offer an option to reset your password. As long as you have access to the email address or phone number you used to sign up with, you can simply click on the link that’s sent to you to unlock your account.

What payment methods are available?

You can deposit money via a bank transfer or debit/credit card with almost all the top exchanges. Alternative methods like PayPal or Google Pay are much less common and, where they do exist, come with higher fees.

For exchanges that only accept cryptocurrency deposits, you have to have a wallet. You can then send money to the exchange account straight from your wallet, all you have to do is find the right address to send it to, which should be easy to find on the exchange.

Do I need a wallet to use an exchange?

No, unless the exchange only deals in cryptocurrency. For most exchanges you might want to withdraw the money to a wallet after getting it, but there’s no requirement to do so and you can get by perfectly well without one.

What other platforms are available?

Along with an exchange, the best place to buy Dogecoin is through a broker. Brokers often let you trade Dogecoin in a different way, by using contracts for difference or using leverage to speculate on price changes. Discover the best Dogecoin Brokers in 2022.

Should I use a Dogecoin exchange?

An exchange is usually a good bet if you want to own the coins themselves. It depends on what type of trader you are, though, and exchanges might not be for everyone. To help you decide we’ve summarised the pros and cons of using one below.

Pros

  • You can buy Dogecoin instantly on an exchange and take ownership of the coins
  • Exchanges offer the best prices and you can set future buy or sell orders
  • You can use an exchange to swap Dogecoin for another cryptocurrency, like Bitcoin

Cons

Where should I go now?

If you’re ready to dive in and get Dogecoin, pick an exchange from the table above to get started. Otherwise, you can head to one of our guides to learn exactly how to buy Dogecoin, or to find out more about how cryptocurrency works.

FAQs

Are Dogecoin exchanges regulated?
Do I have to pay tax on Dogecoin?
Are there trading limits on an exchange?
Are there deposit and withdrawal limits?
Can I cancel a trade on an exchange?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.