What is Dogecoin used for?

Dogecoin is primarily used for tipping, microtransactions, and peer-to-peer payments. Its fast block time and very low transaction fees make it ideal for sending small amounts of crypto. It’s also accepted by some merchants for online purchases, and has been used in crowdfunding, charity campaigns, and even sponsorships (like sending the Jamaican bobsled team to the Olympics).

Does Dogecoin have a maximum supply?

No. Unlike Bitcoin, Dogecoin has an uncapped supply. Approximately 10,000 DOGE are created every minute, which adds around 5 billion DOGE per year to circulation. This inflationary model encourages spending and regular use of the currency, rather than hoarding it as a scarce asset.

Can Dogecoin be mined?

Yes. Dogecoin is a mineable cryptocurrency that uses the Scrypt algorithm, similar to Litecoin. In fact, Dogecoin supports merged mining with Litecoin, allowing miners to earn DOGE and LTC simultaneously without using additional energy. Dogecoin mining can be done using ASIC hardware or mining pools.

Is Dogecoin just a meme coin?

While Dogecoin started as a meme in 2013, it has since grown into a legitimate digital currency with a strong community and real-world usage. It’s used for payments, tips, and donations, and has a vibrant online following. Several developers and contributors continue to improve the Dogecoin network, ensuring it remains functional and secure.

Where can I buy and store Dogecoin?

You can buy Dogecoin (DOGE) directly on Phemex, and we’ll securely hold it on your behalf as a custodial exchange. You can also use other cryptocurrency like USDT to trade DOGE on the Phemex spot market. After acquiring Dogecoin, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.

How to Buy Dogecoin (DOGE) Guide

How to Buy Dogecoin (DOGE) on Phemex

Buy Dogecoin (DOGE) effortlessly on Phemex, the most efficient crypto exchange trusted by millions. Enjoy secure, instant purchases with flexible payment methods, including credit cards, bank transfers, third-party providers and P2P trading, accessible worldwide. Phemex’s intuitive platform and robust security make buying DOGE seamless. Kickstart your cryptocurrency journey today—buy Dogecoin securely and confidently on Phemex.

Price of Dogecoin

$0.123136 -2.24%

Where can I Buy Dogecoin (DOGE)?

Discover where to buy Dogecoin (DOGE) on Phemex, a secure cryptocurrency exchange trusted worldwide. These three easy steps let you buy DOGE with low fees using credit cards, debit cards, bank transfers, or third-party providers—no minimums, no hassle. With two-factor authentication (2FA), proof-of-reserves audits, and anti-phishing protection, Phemex is the safest place to buy Dogecoin and the best place to buy Dogecoin online.

Step 1. Set Up a Secure Account

Sign up on Phemex in moments with your email to start trading Dogecoin (DOGE) globally. Complete quick identity verification to unlock instant purchases. Phemex’s secure registration, backed by 2FA and proof-of-reserves audits, keeps your account safe from the start, making it a trusted cryptocurrency exchange.

Step 2. Choose a payment method

Choose payment options like credit cards, debit cards, bank transfers, or third-party providers for instant processing. Select your fiat currency and (DOGE), and enter the amount to spend. Click “Buy” to proceed with ultra low fees. Phemex’s secure platform, backed by 2FA, ensures the fastest way to buy Dogecoin with peace of mind.

Credit/Debit Card

Support:

Currencies 30+

Lowest Fee 0.8%

Arrival Instant

Best For First purchase/Small Amounts

Buy with Credit/Debit Card

Step 3. Buy and Store Dogecoin (DOGE) Safely

Confirm your order details and complete payment to buy Dogecoin DOGE instantly. Your (DOGE) will be credited to Phemex’s high-security wallet, protected by advanced encryption, within 1 hour or after third-party processing. Buy DOGE safely and start trading or holding your DOGE today with the best place to buy DOGE online.