Want to jump straight to the answer? According to our experts, Dogecoin (DOGE) is not a great investment right now and investors should not risk their hard-earned cash on Dogecoin (DOGE). According to our experts, Dogecoin (DOGE) has an an investment grade rating of 2.3/5 based on the user behavior, developer activity and market maturity factors that trying to assess the overall health, applicability and probability of growth of the project.

You can Buy Dogecoin with Credit Card or Debit Card in 3 easy steps:

  • Make a Dogecoin wallet - we suggest Zeply wallet.
  • Fund your Dogecoin wallet: Pay with your Credit Card or Debit Card and receive your DOGE.
  • Buy and sell DOGE instantly by signing-up and starting a transaction on TradeOr just by providing your wallet address.

In the following sections, we will explain the process to buy Dogecoin (DOGE) with credit card or debit card in greater detail.

Please note that Cryptocurrency investments are high-risk investments. Any investment decision is under the responsibility of the individual.

2.3 / 5

Rating breakdown

FCAS Score
88%
4.4/5
Market Opportunity
50%
2.5/5
Underlying Technology
30%
1.5/5
Ecosystem Structure
50%
2.5/5
Core Team
30%
1.5/5
Roadmap Progress
30%
1.5/5

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Did you ever think of making money with Dogecoin? What is the best way to invest in Dogecoin? Learn How, When and Where to Buy Dogecoin in 2021.

Dogecoin Review and Analysis

Dogecoin (DOGE) statistics & facts

Dogecoin statistics & facts
Key figure Value
Name Dogecoin
Symbol DOGE
Price Today 0.267642
24 hour % change -9.07
7 days % change -13.31
30 days % change -26.86
60 days % change -13.87
90 days % change 368.81
Total Supply 130,102,210,569
Circulating Supply 130,102,210,569
Daily Volume 1,529,378,133
Market Cap 34,820,861,087

Overview

Where and How To Buy DogeCoin - Buying Guide

Currently the 5th largest cryptocurrency by market cap, Dogecoin is a cryptocurrency, that differs greatly from other popular coins such as Bitcoin or Ethereum. Dogecoin may have come about originally as a lighthearted joke but its ensuing success has proven that it truly is anything but funny.

What is Dogecoin?

Dogecoin was first created in late 2013 by software engineers Billy Marcus and Jackson Palmer and was originally intended just to poke some fun at Bitcoin, with even its logo being inspired by a meme, describing a Shiba Inu dog.

It was soon made clear though that Dogecoin had acquired a big community of enthusiasts ready, willing and able to not only gather funds but also arrange several publicity stunts in order to raise the profile of Dogecoin, gaining both exposure and acceptance for it.

Though it did start as a joke, today it enjoys the endorsement of many people, such as Elon Musk, the CEO of Tesla who says that Dogecoin is the people’s crypto and his own personal favorite. It is thus not strange that in 2021 alone the price of Dogecoin has exploded and it has already gained more than 5,000%.

How Does Dogecoin Work?

Similarly to other cryptos, Dogecoin runs on blockchain technology, and it is a decentralized digital currency with all its transactions being securely stored in a digital ledger, an identical copy of which is carried by all Dogecoin holders. The Dogecoin blockchain ledger is constantly updated with all new transactions, while cryptography is used to keep all transactions secure.

Dogecoin uses a proof of work system and rewards the miners that support its blockchain ledger by solving complex mathematical equations, with additional Dogecoin that they can either hold on to or sell.

Since there is no lifetime cap on the number of Dogecoins that may be created through mining, Dogecoin is a highly inflationary coin and thus not suitable as a store of value, though it may be used to pay for the purchase of goods and services. Since hard work of miners means that millions of new Dogecoins are being created each day, it is very difficult to hold up any speculative price gain in Dogecoins.

    By the end of the guide, you should know the following:
  • A brief history of Dogecoin.
  • What Dogecoin can be used for.
  • If Dogecoin is a good or a bad investment.
  • How to buy Dogecoin.
  • Where to buy Dogecoin.

Dogecoin price charts

DogeCoin Price Chart

Dogecoin (DOGE) Future Price Forecast Predictions

Dogecoin Price Predictions
Year Low High
2021 $0.26 $0.89
2022 $0.50 $2.12
2025 $2.20 $7.63

* The prediction figures outline some of the Potential high and low of Dogecoin (DOGE) price prediction forecasts for the years 2021, 2022, and 2025 based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice.

Dogecoin (DOGE) Price Prediction for the year 2021

By the end of the year 2021, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Dogecoin will reach an average price of $0.575, which will be an impressive 214% growth from it's current market price.

Dogecoin (DOGE) Price Prediction for the year 2022

By the end of the year 2022, our price prediction forecasts suggest that one Dogecoin will reach an average price of $1.31, which will be an impressive 489% growth from it's current market price.

Dogecoin (DOGE) Price Prediction for the year 2025

By the end of the year 2025, our price prediction forecast suggests that one Dogecoin will reach an average price of $4.915, which will be an impressive 1836% growth from it's current market price.

Where Can You Buy Dogecoin

There are several online sites and platforms where people from across the globe can buy Dogecoin at good exchange rates and with low or no transaction fees. To aid your quest we have comprised a list of some of the most popular methods and platforms to buy Dogecoin from and your strongly advised to consult this list before making your first purchase of or investment in Dogecoin.

The Best Crypto Trading Platforms in 2021

How to Buy Dogecoin with Credit or Debit Card on TradeOr

4.7 / 5

Rating breakdown

Security
90%
4.5/5
Ease of Use
100%
5.0/5
Tradable Assets
80%
4.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
100%
5.0/5
Support
90%
4.5/5

Things we liked:

 Zero commission policy
 Customers support is available 24/7
 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 No demo account
 TradeOr offers only one payment method – bitcoin

How to Buy Dogecoin with Credit or Debit Card on Binance

4.7 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
100%
5.0/5
Support
88%
4.4/5

Things we liked:

 One of the most trusted brands in crypto
 Very fast, easy to use interface
 Binance offers extremely low transaction fees

Things we didn't like:

 Can be overwhelming for people who are new to crypto or trading

How Can You Buy Dogecoin

It only takes a few easy steps to buy Dogecoin with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!

    By the end of the guide, you should know the following:
  • Click the Buy Now button.
    Buying Dogecoin with debit card is easy, fast and risk-free. All you need to do is click the “Buy Now” button and then be safely directed to the check-out page.
  • Fill in the fields.
  • Proceed to checkout.
  • Receive your Dogecoin.

Dogecoin investment analysis

Is Dogecoin a Good Investment? Holding onto Dogecoin for a long time makes no sense, since millions new Dogecoins are being mined every day and there is no cap or limit in their number. This is not like Bitcoin whose value rises because there is a lifetime cap on the number of coins that can ever be created. It thus becomes clear that the actual goal of Dogecoin is to be a spending currency.

Because the per coin value of Dogecoin has until recently bee very low, round $0.003, people were likely to give Dogecoins away without much thought and in fact many social media users were tipping or rewarding each other for content posted by giving each other Dogecoins. This strong tipping and donating culture may not be sustainable given the recent rise in the price of Dogecoin, though this boom may not last for long for a culture change to be necessary.

Risks of Investing in Dogecoin

Is DogeCoin a Good Investment?

Should You Buy Dogecoin?

Though those who bought Dogecoin at the beginning of 2021 were very well rewarded due to the subsequent spike in its price, buying Dogecoin as an investment is not highly advisable since the constant creation of new Dogecoins which are thrown into the market keep the coin’s value under a constant downward pressure.

Moreover, since Dogecoin lacks the high security level and code-level scrutiny that Bitcoin or Ethereum have, it is vulnerable to additional security risks. Moreover, the Doge mining community is not as robust and Dogecoin is thus also exposed to the possibility of a mining level attack.

Finally, Dogecoin buying is risky as the purchase of any cryptocurrency always is and it is therefore important to start such endeavours carefully and with due care and caution, buying just a small amount to get familiar with each particular coin and its system and never commit or invest funds that you cannot afford to lose.

Tips on How to Invest in Dogecoin and Make a Profit

There is no guarantee that you will make a profit when you invest in Dogecoin. However, to give yourself the best chance possible we have hand-picked the three most valuable such strategies, which you can find below:

  • Tip 1: Set your own specific Financial Goals
  • Tip 2: Dollar-Cost Average Your Dogecoin Investments
  • Tip 3: Diversify Your Dogecoin Investment

Overall Conclusion – Final Thoughts

In this guide, the aim wasn’t only to answer simple questions like “how to buy Dogecoin?” or “where to buy Dogecoin?”. Instead, the goal was to equip you with the relevant knowledge and insight to be able to see and understand the bigger picture as well as make your Dogecoin investment journey as successful and as profitable as possible!

Dogecoin Frequently Asked Questions (FAQs):

Is there an official Dogecoin website?
Yes https://dogecoin.com/ is the official website for Dogecoin.
Can Dogecoin reach $1?
Yes, the price of Dogecoin can reach $1. If the cryptocurrency market rebounds and Dogecoin reaches new highs, there is potential for it to reach the $1 level later this decade, according to some forecasts if the developments happen as per the Dogecoin's roadmap. But if Dogecoin that is currently at $0.27 with a daily trading volume of $1,529,378,133 is unable to break through resistance it could retreat and fail to meet that level.
What is Dogecoin price prediction for the year 2021?
Dogecoin might reach $0.575 by the end of 2021.
What will be the Dogecoin price prediction for 2022?
Dogecoin might reach $1.31 before the end of December 2022.
Will the Price of Dogecoin (DOGE) Go Up in 2025?
Yes, the price of Dogecoin will probably go up in 2025. According to the predictions, the price of Dogecoin could reach between $2.20 and $7.63 by the end of 2025.
What is the best way to buy Dogecoin?
Perhaps the Easiest way to buy is by directly purchase Dogecoin with credit card on Binance. It only takes a few easy steps to buy Dogecoin with credit card instantly.
  • Click the Buy Now button.
  • Fill in the fields.
  • Proceed to checkout.
  • Receive your Dogecoin.
What is the best way to store Dogecoin?
Perhaps the safest place to keep your Dogecoin are hardware wallets. Only keep Dogecoin on an exchange while you're trading.
Which wallet should I use to store Dogecoin?
Although there are some recommendations throughout the site with respect to which crypto wallet to use for storing Dogecoin, it is advisable to always conduct your own due diligence before trusting money to any third party or third-party technology.
Should I buy Dogecoin? Is Dogecoin a good Investment?
Many people want to invest in Dogecoin (DOGE). Dogecoin is not a great investment right now and investors should not risk their hard-earned cash on Dogecoin (DOGE). According to our experts, Dogecoin (DOGE) has an an investment grade rating of 2.3/5 based on the user behavior, developer activity and market maturity factors that trying to assess the overall health, applicability and probability of growth of the project. Having said that perhaps is a good idea to buy Dogecoin due to Dogecoin following properties and characteristics:
  • Fun and engaging story/community encouraging new users of crypoassets
  • Low transaction fees
  • Relatively quick transaction times leading to some real world adoption
How to Buy Dogecoin (DOGE) in the UK with GBP (2021)?
The best and the cheapest way to buy Dogecoin in the UK is with Binance. With Binance, you’ll be able to buy Dogecoin (DOGE) at the real exchange rate without paying high fees (max 1%). There are six steps to the buying process:
  • Register on Binance and complete their user verification process.
  • Go to the Buy Crypto tab on the top-left of the website.
  • Change the to Pay With Currency to GBP
  • Select the pay with Debit card option.
  • Select Dogecoin as the coin to buy on the next screen.
  • Click Buy Dogecoin and review the order details.
  • Complete the payment.
  • You can view the purchased Dogecoin by going to Wallet > Fiat and Spot from the top-right menu.

However, Binance isn’t exactly a beginner friendly way to buy Dogecoin (DOGE). Let's just get straight to the point:

Best places alternative to Binance to buy Dogecoin (DOGE) in the UK
Where to Buy Dogecoin (DOGE) in the UK with GBP
Provider Payment Method Fees (Approx.)
Kraken UK Bank Transfer < 1%
Wirex Debit Card Fees 2.5%
Crypto.com Debit Card Fees 2.99%
Coinbase Debit Card Fees 4%
Cryptopay Debit Card Fees 4%

More information on legal and regulatory status of crypto assets in the UK can be found on our latest publication on How to buy Bitcoin in the United Kingdom

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