How to Buy DogeCoin (DOGE) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has DogeCoin, and is trustworthy!

You can find our top 3 exchanges for buying DogeCoin here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy DogeCoin

And of course, the final step is to find DogeCoin on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy DogeCoin (DOGE)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell DogeCoin

  1. Sign into the exchange
  2. Find where you stored your DogeCoin, either on a hardware wallet or on the exchange.
  3. Transfer your DogeCoin to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell DogeCoin.
Businessman looking at crypto trend

Considerations when looking to buy DogeCoin.

Dogecoin (DOGE), which is based upon the Internet meme "doge", features a Shiba Inu logo. Open-source cryptocurrency Dogecoin (DOGE) was created in Portland, Oregon by Billy Markus and Jackson Palmer. It was forked from Litecoin on December 2013. Dogecoin was created by two men from Portland, Oregon and Jackson Palmer from Sydney, Australia. It is a lighthearted, fun cryptocurrency that will appeal to a wider audience than the Bitcoin core market. Elon Musk, Tesla CEO, posted several tweets claiming that Dogecoin was his favorite coin.

Dogecoin's proof of work protocol differs from Bitcoin in many ways. One is the use Scrypt technology. Dogecoin also has a block time of one minute and an uncapped total supply. This means that the amount of Dogecoin can be mined is unlimited. Dogecoin can be mined either by yourself or in a mining pool. A Doge miner has the ability to mine the digital currency from Windows, Mac, Linux and with a GPU. You can now mine Litecoin using the same process as mining Dogecoin.

Dogecoin was originally used on Reddit and Twitter as a tipping system to reward quality content creation. Participating in a Dogecoin community will get you a tip. Or, you can purchase Dogecoin directly from a Dogecoin faucet. Dogecoin faucets are websites that give out small amounts of Dogecoin free of charge to get you started in Dogecoin communities.

Elon Musk's passion and success with Dogecoin are closely linked. Musk started tweeting about Dogecoin early 2021 and shared a Lion King DOGE meme. This sparked a DOGE rally that saw temporary dips and culminated in Musk's appearance Saturday Night Live.

DOGE crashed after the SNL appearance despite Musk's promise to moon its price. Musk lost interest in the DOGE price over the months that followed, dropping 70% from its peak. As Musk occasionally tweets, he still has power over Dogecoin.