Complete_Guide_to_Buying_and_Trading_Dogecoin

okxsupport (29)in #okxmobile • 3 months ago

The remarkable surge in Dogecoin's popularity is undeniable. Over the past year, its extraordinary growth has been astonishing, with a 161-fold increase. To illustrate, an investment of 10,000 RMB in Dogecoin a year ago would now be valued at 1.61 million RMB.

Such exceptional returns rapidly propelled Dogecoin to the top of Weibo's trending topics, sparking widespread investor attention and discussion. This guide provides a comprehensive overview of how to purchase Dogecoin.
Before delving into practical steps, it is essential to understand Dogecoin briefly. Similar to Bitcoin, Dogecoin is a cryptocurrency with the code DOGE. Initially inspired by an internet meme, it has evolved into a unique ecosystem through community culture, social propagation, and practical applications. Using Binance as an example, this guide details the process of buying and trading DOGE to assist investors in getting started swiftly.

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

Dogecoin is currently listed on over 120 mainstream global exchanges, including prominent platforms like OKX, Binance, Huobi, and Gate.io. Below is the complete procedure for purchasing DOGE via the OKX exchange. To acquire DOGE, you first need USDT—
Access the official OKX website. As one of the world's top three exchanges, OKX offers a 20% discount on trading fees upon registration! New users also receive a complimentary blind box containing random tokens valued between $2 and $8.

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

Begin by visiting the OKX official website using the provided link. Then input your registration email:

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

After SMS verification, proceed to the next step: verify your country or region. For instance, selecting China. Click next, and a confirmation popup will appear—confirm it:

Note: Ensure the country or region verification matches your ID or proof of residence details. It is advisable to provide accurate information. After selecting your region, review and accept the Terms of Service/Privacy Policy agreements, then continue. Next, establish a login password. Once created, you will be automatically logged into the dashboard:

At this stage, account registration is complete, but identity verification remains pending. Currently, OKX requires identity verification to enable cryptocurrency purchases or deposits. Completing KYC verification may yield a random blind box with rewards up to 50 USDT.

After registering on OKX, you can easily create an account, finalize registration, and log in. Then, you can commence trading USDT on the platform.

Click the 【Register】 button, choose China as your region, and enter your email. After filling in the details, click 【Register】 to complete account setup.
Await the OKX account registration confirmation, then download and install the app. If security risk warnings appear during installation, disregard them—this is standard for cryptocurrency apps, and since it is downloaded from the official site, it is safe.

For Apple users, log in to the App Store with an overseas Apple ID to download the app. Refer to Zhihu for instructions on creating an overseas (e.g., Hong Kong or US) Apple ID. Proceed patiently until the OKX app installs successfully. Then follow these steps to purchase USDT first:

This completes the conversion from RMB to USDT. USDT is a USD-backed stablecoin pegged 1:1, making this step 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. Navigate to the trading interface, select 【Spot Trading】, choose the token pair, enter the purchase amount, and execute the trade.

Buying and Selling USDT

With an OKX account, you can acquire USDT via methods like C2C trading or quick trade. Convert RMB to USDT or vice versa. Detailed steps for buying and selling USDT are as follows—

1. Upon 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—input the desired USDT amount—choose a payment method: Alipay, WeChat Pay, or bank card—transfer funds to the system-assigned reliable seller as instructed, then wait briefly.
1. Click the seller’s 【Buy】 button, enter the purchase amount, select the payment method, complete payment, then click 【I Have Paid】. After the seller confirms receipt, USDT will be credited to your account.
  This finalizes the RMB-to-USDT conversion. USDT maintains a 1:1 peg to USD, rendering this step necessary.

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

Buying DOGE with USDT

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

You can employ limit orders or market orders for Dogecoin purchases:

Limit Order—Set a target price; the trade executes automatically when the market reaches it.
Market Order—Execute immediately at the current market price, ideal for users seeking rapid transactions.

After purchase, review your DOGE balance under 【Asset Management】.

To sell DOGE and convert back to USDT for withdrawal, opt for a market order. After selling, transfer USDT from the trading account to the funding account, then use 【C2C Trading】 to convert USDT to RMB.

2. Is Dogecoin Still Worth Investing In?

Compared to traditional Bitcoin, Dogecoin adopts a more relaxed, community-driven approach. Initially used for online tipping and microtransactions, it aligns with American "tip culture" and gained traction on social platforms. Due to its low barrier and appealing "cute" factor, Dogecoin became the second most popular tipping cryptocurrency in the US internet within a week of launch.

Although Dogecoin originated as a humorous project, its performance has surpassed expectations. Created by Jackson Palmer and Billy Markus, DOGE remained active even during crypto market downturns, emerging as one of the few projects resilient across multiple cycles.

According to Canadian crypto researcher Kevin Rooke, Dogecoin’s activity level exceeds many mainstream coins. He noted that in December 2018, DOGE’s daily active addresses surpassed December 2017 levels, ranking third among all cryptocurrencies after Bitcoin and Ethereum. Messari data indicates that on a typical day, DOGE had 72,955 active addresses, trailing only Bitcoin's 536,738 and Ethereum's 235,004, and far ahead of Tron's 21,255.

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

Kevin Rooke also highlighted 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, rebellious, humorous, and deeply community-oriented. This aligns with the current "meme community" culture opposing traditional financial institutions (e.g., hedge funds). Elon Musk’s repeated social media endorsements have amplified DOGE’s market visibility.

In terms of price and market capitalization, Dogecoin’s low entry barrier facilitates access for ordinary investors, offering greater growth potential. Compared to high-cap mainstream coins, DOGE’s trading costs are lower, and price manipulation pressure is reduced, making it popular among retail traders.
Naturally, some experienced crypto players remain cautious about DOGE, citing its limited real-world applications—primarily online tipping—modest promotion, and marginal performance in recent DeFi trends.

However, it is undeniable that DOGE has evolved from a joke into a significant force in the investment landscape. For beginners, comprehending its mechanics and acquisition process is the initial step into the crypto realm.

🎁 Limited-Time Bonus — New Users Get a Bitcoin Mystery Box Worth 20+ USDT, Guaranteed!

Sign up for top crypto exchanges like OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack & more—all in one place!
👉🏻 Bookmark the latest official backup domains to avoid missing out: https://linktr.ee

🔥 Recommended Reading

2026 Latest Top 10 Cryptocurrency Exchange Rankings 🔥【Must Save】

🔥 Solutions for Access Issues to OKX Exchange from mirror domain

Many exchanges’ original domains may face blocks or slowdowns due to overseas servers, often causing user confusion or doubts about service status. In reality, this typically stems from network environment issues, not service outages. To address this, exchanges like OKX and Binance regularly update backup domains, ensuring users can access official sites via alternative URLs.

1. OKX backup domains Overseas OKX - VPN Required or Alternative
1. Binance backup domain Binance
1. Bitget backup domain Bitget
1. Bybit backup domain Bybit/Bybitglobal
1. Huobi HTX backup domain Huobi/HTX
1. Gate backup domain Gate.io

🔥 Alpha Tools for Finding Profitable Dogecoin Bots

1️⃣ Axiom Doge Sniper https://axiom.trade
2️⃣ Gmgn Doge Sniper https://gmgn.ai
3️⃣ dbot Doge Sniper https://app.debot.ai
4️⃣ Morelogin Multi-account Fingerprint Browser www.morelogin.com