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Best Dogecoin Exchanges in 2022

Last updated 10th May 2022
Disclosure

Dogecoin is now one of the most popular cryptocurrencies on the market and an available asset across a wide range of exchanges. With such a large choice of platforms on offer we have created this guide that contains everything you could need to know about which exchanges are the best, cheapest, most efficient and applicable to your individual needs.

Top Dogecoin Exchanges in 2022

There are plenty of platforms to choose from when it comes to buying Dogecoin, so we’ve listed the top beginner-friendly platforms below to help you get started right away. Dogecoin is now widely accepted by exchanges due to its increased popularity, so when choosing which broker is right for you you should look for ease of use, good rates and a platform with a good reputation.

Here is our list of the top Dogecoin exchanges in 2022:

1
eToro
Minimum Deposit
$200
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
2
Atani
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Popular among traders
Fast system for trading
Popular for beginners
3
Coinmama
Minimum Deposit
$100
Exclusive Promotion
User Score
9
Easy to use tool
High profit potential
Offers Phone Support
4
Coinbase
Minimum Deposit
$50
Exclusive Promotion
User Score
6
Trade and invest in over 25 cryptocurrencies
Extremely simple user interface
Over 68 million customers
5
Paybis
Minimum Deposit
$50
Exclusive Promotion
User Score
5
First transaction fee free
24/7 customer service
Instant payouts

What is a Dogecoin Exchange?

A Dogecoin exchange is a marketplace where you can buy and sell the cryptocurrency Dogecoin. An exchange is a mediated interface for users to make trades between themselves via an order book or ledger. On exchanges you are able to quickly and easily trade fiat currency (such as GBP and USD) for DOGE, or to trade different cryptocurrencies for each other.

How Do I Use a Dogecoin Exchange?

More often than not, all exchanges will require you to follow the same kind of steps to open an account with them. We have formed a quick and simple 3-step guide to help you get started with any exchange you may wish too. Here it is:

  • Step 1: Go on the official exchange website and sign up for an account. You will need to enter an email address and password.

  • Step 2: After entering your details, you need to provide ID for the KYC regulation process. This includes an official ID, proof of address, and a picture of yourself.

  • Step 3: Once your account has been accepted, you can deposit funds using any of the available deposit methods.

  • Step 4: Once your funds have been deposited you need to find DOGE paired with the currency you are holding. (Note: If your currency doesn’t match then you trade this for a more popular crypto that is - the pairs available to you are always something to look out for when choosing an exchange.)

What Should I Look For in a Dogecoin Exchange?

Here is a list of the key things to look out for when you are choosing a Dogecoin exchange:

  • Fee Charges: There are a range of charges you can be subject to so you need to do your due diligence to get the best deal possible. For example, some of the fees you may face are: commissions, holding fees, deposit/withdrawal fees and bad maker/taker rates.

  • Variety of Trading Pairs: While a good exchange may offer a wide range of cryptocurrencies to trade with, it is also important they offer a good range of pairs to give you the most flexibility possible. As many exchanges now accept Dogecoin it can be a good idea to see which are offering the most options with that particular product.

  • Speed and Ease of Use: When you are buying Dogecoin you want transactions to be as simple to make as possible, and for them to be executed quickly and efficiently. Popular exchange Coinbase for example has a friendly interface and good transaction speeds.

  • Trust and Security: Arguably one of the most important elements of trading, your exchange must be trustworthy and have good security measures in place. Look out for features like 2-factor authentication, loss insurance and KYC regulations to improve your level of protection.

  • Cross-device Compatibility: Most platforms now offer services on mobile, web and desktop. Not only is this convenient for you, but also it is a sign of a good exchange. For example Binance supports all of these devices.

Do I Have to Verify My Account on an Exchange?

Yes, you’ll have to verify your identity when signing up to an exchange to ensure security and adhere to the financial regulations most exchanges abide by.You will usually be asked to provide 2 forms of ID (such as a passport or driving license) and often a selfie of you holding one to prove it’s your’s. KYC and AML protocols like this are to protect both the exchange and its users.

Are Dogecoin Exchanges Secure?

Exchanges have many security features, but are a big target for online attacks. For this reason it is not recommended to hold more than a small amount of DOGE in your account at any one time; instead you can transfer them to a personal wallet to keep your coins safe.

Some of the ways you can make your experience as secure as possible are:

  • Activate 2-factor authentication

  • Never reuse passwords from other websites

  • Consider storing coins in a private wallet

  • Choose an exchange with a good track record for security

How Fast Are Transactions on Exchanges?

Transactions on exchanges are usually instant if you place a market order - but this can depend on which exchange you are using.

If you want to transfer cryptocurrencies from one exchange to another, the speed can vary depending on how long it takes for the exchange to process the transaction and the underlying blockchain used.

For example, Bitcoin takes around 10 minutes to validate a transaction, whereas Ethereum only takes around 15 seconds.

What Payment Methods Can I Use to Buy Dogecoin on Exchanges?

It is common that almost all exchanges will accept credit/debit cards and bank transfers, so you should always expect this from a good exchange. Some will also accept other 3rd party methods like paypal, Neteller and more. Here’s our list of the most popular payment methods to buy Dogecoin with:

  • Debit/Credit Cards: Use your credit card to directly buy Dogecoin. Can incur some fees but is extremely convenient and you are also susceptible to interest rates.

  • Bank Transfer: Transfer funds directly from a bank account linked with your chosen platform. One of the most expensive ways to deposit funds but very convenient and accessible to beginners.

  • Crypto Transfer: Connect a wallet to your platform that already has crypto funds. By far the cheapest method but can be difficult for beginners.

  • PayPal: Connect your account to some supported platforms and top-up your exchange wallet; Paypal now also accepts crypto.

Do Exchanges Charge Fees for Buying and Selling Dogecoin?

Yes, exchanges will have fees for both buying and selling Dogecoin, especially if you’re buying DOGE directly with your card. Typically these will be between 0.25% and 1.5% depending on the platform, the payment method, and how much you’re spending.

Different platforms will charge different fees for their services. It’s worth doing some research to find the platforms with the best rates. Binance is currently one of the most competitive exchanges on the market.

Are There Fees for Transferring Coins In and Out of Exchanges?

When transferring coins to another wallet or exchange, you will be charged the transaction fees associated with the blockchain (also known as miners’ fees). Exchanges will also often charge a fee just for using their service too, but this shouldn’t be more than a dollar or two.

Do I Need a Wallet to Use a Dogecoin Exchange?

No, usually the exchange will provide a native wallet for you. However, it is strongly recommended you transfer your coins from your exchange account to a personal wallet if you’re not intending on actively trading them.

Large amounts of coins are more secure when held in an external wallet because it is much more difficult to hack into and also much less likely to be hacked than a popular exchange with high liquidity.

What Are the Other Platforms That I Can Use to Buy and Sell Dogecoin?

The other commonly used platforms are brokerages and CFD trading platforms. Brokerages are also available on desktop, web and mobile devices; they provide a trading service, a value storing service and offer help and support to its users. Brokerages are perhaps understood as more trustworthy, especially big institutions like eToro, mainly due to the fact they have been around for many years and are regulated by large financial institutions. Traditionally, they were in the business of financial products like CFDs, stocks and bonds, but nowadays we are seeing the introduction of digital assets like cryptocurrencies. Some brokerages now also offer alternative financial products like CFDs for cryptocurrencies.

Note: Derivative products are banned in the US so check laws in your jurisdiction before you use these sorts of products.

Should I Use a Dogecoin Exchange?

It depends on what your personal preference is. But it must be said that exchanges are undoubtedly one of the most cost effective ways to trade Dogecoin and all cryptocurrencies in general.

Here are some of the top features you have access to when using an exchange to buy Dogecoin:

  • All of the most popular payment methods are available

  • Actual ownership of the underlying asset you buy

  • Ability to transfer funds/assets to a private wallet

  • In-built security features

  • A crypto-specialized platform built specifically for trading assets like Dogecoin

  • Almost always no commission fees when trading

  • Some of the most competitive rates available to traders

FAQs

Can I use a Dogecoin exchange on my mobile phone?
What are the differences between exchanges and brokerage platforms?
Are cryptocurrency exchanges legal?
Are exchanges regulated?
What happens if I accidentally send my crypto to a wrong address?
What happens if an exchange gets hacked or closes down?
Can I access my transaction history on an exchange?
Are there maximum or minimum deposit/withdrawal limits?
Are there maximum or minimum buying limits?
Can I buy all cryptocurrencies on an exchange as well as Dogecoin?
Do I have to pay tax on the coins I buy through an exchange?

Joshua Sherrard-Bewhay

Joshua Sherrard-Bewhay

Josh is a finance and Blockchain technical writer with experience in project design, consultancy and reporting. He is well-versed in white paper design, blog construction and freelance journalism. His academic credentials are in International Relations, Environmental Regulation and International Law. In his spare time he works as a sustainability analyst for a FinTech start-up Oxari and a private English tutor.