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Phemex Blog
Phemex Crypto Blog: Learn the latest news, updates, and industry insights on bitcoin futures, bitcoin trading, crypto derivatives exchange, and related blockchain technology.

How to Buy DOGE on Phemex?

Dogecoin, our favorite meme token seems to be on an unstoppable path towards the moon. If you haven’t been paying attention, the largely dormant coin was brought back to life at the beginning of this year following the events of the WallStreetBets/GameStop saga. On the 8th of February, 2021, it hit an all-time high of $0.082605 per DOGE.

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If you don’t know what DOGE is: Check out What is Dogecoin?

Where does it stand now? Well, you have to see it to believe it. Just today (April 16th), it smashed its old record hitting a new ATH of $0.291361! Needless to say, Dogecoin holders are celebrating all across the world.

Will the silly little Doge we know and love continue its evolution into a formidable beast? That’s a debate best left for a different piece. Instead, this article will help learn how you can get your hands on your very own DOGE on Phemex so you won’t miss out on any more Shiba Inu-led gains.

Phemex offers two methods for you to own DOGE.

Purchase DOGE with Credit Card or Bank Transfer

If you wish to purchase DOGE using fiat, the process is quite simple. Simply follow the instructions below:

  1. Log in to your Phemex account.
  2. Hover over the “Buy Crypto” option in the header and click on “Buy Crypto with Credit Card”.
  3. On the right of the screen select DOGE from the drop-down menu, enter the amount you wish to buy, and choose your preferred method of payment.
  4. Click “Buy Now” to access the next screen which will display the amount of DOGE you will dogecoin
  5. If you’re happy with all the numbers, simply click “BUY” and you’ll be redirected to the vendor’s page to complete the payment process.
  6. Follow the vendor’s instructions very carefully. Once the payment is complete, you will receive your much-awaited DOGE in your Phemex wallet.
  7. HODL and Make Much Gains!

NOTE: The payment vendor currently accepts Visa, Mastercard, Bank Transfers, SEPA, and ApplePay.

Purchase DOGE with Crypto

If you already own some crypto such as USDT, it is also incredibly easy for you to trade for some DOGE on Phemex’s Spot Market. Follow these instructions:

  1. Log in to your Phemex account.
  2. Hover over the “Assets” drop-down menu on the top right side of the screen and click on “Deposit”.
  3. Under the “Deposit” heading, select the cryptocurrency that you have and wish to eventually trade for DOGE. For example, if you own USDT, simply select USDT and click “Continue”.
  4. The next page will display your Phemex wallet address or QR Code.
  5. Transfer your crypto to this address. If you are sending USDT, make sure you select the correct protocol (either TRC20 or ERC20).
  6. Once your USDT arrives, you can now go to Phemex’s DOGE/USDT spot market to make a trade.
  7. On the “Place Order” module on the left, you will be able to select whether you want to place a limit, market, or conditional order. You can then specify your conditions and the amount of DOGE you wish to purchase.
  8. Once you’re happy with the numbers, simply click the “Buy DOGE” button and you’re done.
  9. Assuming your order fills immediately, the DOGE you purchased will automatically be displayed in your DOGE wallet.
  10. HODL and Make Much Gains!

Whether you choose to purchase DOGE with fiat or crypto, Phemex makes the process quite simple and seamless. Follow any set of instructions above to join the DOGE army’s voyage to the moon now!

If you’d like more detailed instructions on making deposits or using the Phemex spot markets, please visit the Help Center to read the full user guides. 

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