Buy Dogecoin in the USA

Best Brokers To Buy Dogecoin in the USA in 2022

Due to its popularity, there are many platforms where buyers can purchase Dogecoin. It may be challenging to pick the best fit, but we have compiled a list of the best providers. Our selection consists of providers with low fees, good customer support, and easy deposits in the USA.

What Options Do I Have When Buying Dogecoin in the USA?

There are multiple ways to buy Dogecoin. The most prevalent is centralized exchanges due to straightforward processes. We explain the different options with their pros and cons.

Centralized Exchanges

Fiat to crypto exchanges will allow the exchange of USD to Dogecoin. Crypto to crypto exchanges will require you to have another crypto like Bitcoin, Ethereum, or Tether to swap for Dogecoin.

Examples of exchanges where you can use the dollar to buy Dogecoin are Binance US, Coinbase, and FTX US.

Brokers

Brokerage firms help investors take advantage of Dogecoin's price movement. Other brokers allow investors to buy, sell and store Dogecoin. They can also manage the buying and selling of Dogecoin on your behalf. Prime brokerage firms include eToro and Robinhood.

In-Person Purchase

Dogecoin is powered by its vibrant community. There are many Dogecoin Peer-to-Peer platforms in the US, where you can join and seek a willing seller. The sellers will most likely prefer cash via a bank transfer. We advise the use of an escrow service and a mediator if the exchange faces challenges.

How To Buy Dogecoin in the USA?

There are two standard methods to buy Dogecoin in the USA. The simplest methods to buy Dogecoin in the USA is to exchange USD for Dogecoin on fiat to crypto exchanges. Here is a step by step guide:

Where To Buy Dogecoin in the USA?

We delve deeper into exchanges and brokers that will provide value for your money. We understand that your final choice will largely depend on whether you are a beginner or an advanced user. We cover both categories below.

For Beginners

Coinbase

Coinbase is among the leading crypto exchanges by market volume. It is famed for its intuitive and straightforward user interface. The user experience on Coinbase is just better than most exchanges.

Key features

• High liquidity

• Coinbase Pro for advanced users

• Crypto to crypto and fiat to crypto trading

• Offers institutional investor accounts

• Cold offline storage of crypto assets.

Kraken

Kraken is another top exchange based in the USA. Investors can buy Dogecoin using USD, BTC, and USDT. Kraken is renowned for its better customer support compared to Coinbase. The flat fee structure is easy to understand and lower compared to cryptos.com and Coinbase.

Key Features

• High liquidity

• Air-gapped cold storage

• Margin trading

• Crypto watch, indices, and dark pool

• High-level platform security

Crypto.com

It is another crypto exchange that supports Dogecoin. Apart from purchasing Dogecoin, investors can earn interest when they store their coins on the exchange. The fees are better compared to Coinbase.

Key features

• IOS and android mobile app

• Tax support feature

• Buy Doge with USD

• Strong security, including biometric fingerprint authentication on the mobile app

• Price alerts

Dogecoin ATM

There are about 1800 Dogecoins in the USA. Buyers can purchase Dogecoin in USD. CoinFlip provides a map of the locations to find the ATMs.

Key feature

• 1800 locations across the US

For Experienced Users

Binance US

Binance US is an offshoot of Binance crypto exchange. The exchange boasts of low fees and a huge number of cryptocurrencies.

Key features

• Comprehensive trading tools

• Advanced trading features

Gemini

This is an exchange that offers a solid option for professional traders. Apart from the buy/sell option, investors can use various trading instruments to try and get profits on their Dogecoin. It is available in all states.

Key features

• Advanced order types

• Advanced trading tools

• Crypto to crypto trading

Gemini is available in all states compared to Binance US, which serves 43. Some of the top states excluded by Binance US are New York and Texas.

What To Consider When Buying Dogecoin in the USA?

Before purchasing Dogecoin, there are fundamental considerations you must evaluate. When you are set to buy Dogecoin, consider the following:

Use case: The founders of Dogecoin admit it all started as a joke. The memecoin is mainly driven by its vibrant community. Dogecoin is presently top 10 by market cap, but investors have to ask themselves if the trend is sustainable in the long-term. However, with DOGE being accepted by Space X and the Dallas Mavericks team as a payment option, the prospects certainly now look better.

Competition: There is increased competition from other memecoins. Consider that hype may shift significantly from one meme token to another. The SHIBA INU coin is one such competitor which has gathered some considerable following.

Volatility: Like any other cryptocurrency, Dogecoin is subject to considerable price swings. Consider the market trends, fundamental analysis, and market sentiment that may affect the prices before purchase.

Taxes: Gains on Dogecoin sales are liable to taxes.

Prices: While buying Dogecoin when the price is low is a considered strategy, note that price fluctuations can be very common

What Payment Methods Can I Use To Buy Dogecoin in the USA?

There are multiple payment options in the USA which users can utilize to buy Dogecoin. The fees levied on a specific method influence the choice of a deposit method. We discuss some of the popular payment methods in the USA.

Bank Transfers

A majority of exchanges that accept fiat will allow for bank transfers. Users have to link their bank account to the exchange by providing their account details. There are two stand-out ways to do bank transfers in the USA:

• ACH transfers

• Domestic wire transfers

Credit and Debit Cards

These are popular with US residents. Credit cards allow users to buy Dogecoin on credit. They offer a straightforward option for funding a purchase. Users have to provide their card details and approve the purchase. Visa and Mastercard cards are readily accepted.

E-Wallets

These are online payment services that are integrated into an exchange. Some popular e-wallet options to buy Dogecoin include Skrill, Paypal, Advcash, and Apple pay.

Final thoughts

Dogecoin is a popular memecoin that is supported by a vibrant community. Buying Dogecoin with USD is relatively easy, especially on fiat to crypto exchanges and brokers.

We have analyzed the different ways and payment methods to acquire Dogecoin. Before purchase, consider factors like volatility.

Coinbase and Binance US stand out as the best options to buy Dogecoin for beginners and experts, respectively. They both offer good user experiences and have multiple payment options for US residents.