Recently, the popularity of Dogecoin is evident. Over the past year, its increase has been astonishing—up to 161 times. This means that if you invested 10,000 yuan in Dogecoin a year ago, it would now be worth 1.61 million yuan.
Such an incredible return rate quickly topped the Weibo hot search list, attracting the attention and discussion of many investors. Today, we will provide a detailed introduction to the process of purchasing Dogecoin.
Before getting into the specifics, let's briefly understand the concept of Dogecoin. Similar to Bitcoin, Dogecoin is a digital currency with the code DOGE. It was originally inspired by internet memes but has developed a unique ecosystem in recent years through community culture, social dissemination, and application scenarios. Next, using Binance as an example, we will provide a detailed tutorial on buying and trading DOGE to help investors get started quickly.
1. How to buy Dogecoin? Detailed steps for buying DOGE#
Dogecoin has been listed on over 120 mainstream exchanges worldwide, including well-known platforms like OKX, Binance, Huobi, and Gate.io. Below is the complete process for purchasing DOGE using the OKX exchange. Before buying DOGE, you need to obtain USDT—
Open the official OKX website. The OKX app is one of the top three exchanges globally, and registering can reduce trading fees by 20%! New users can also receive a free mystery box containing random tokens worth $2 to $8.
Click here–> Go to the official website to register an OKX account or alternative link, a VPN may be required in some regions
- First, visit the OKX official website through the link above. Then, enter your registration email:
- Next, set your phone number. Choose a domestic phone number starting with 86, and enter the 6-digit SMS verification code to complete the verification:
- After completing the SMS verification, proceed to the next step. Verify your country or region (e.g., select China), click next, and confirm the pop-up prompt:
Note: The country or region information must match your identification or proof of residence, so it is recommended to fill it out truthfully. After selecting the region, check the service terms/privacy policy agreement and proceed to the next step. Set a login password, and after creation, you will be automatically logged into the backend:
At this point, the account registration is complete, but you need to complete identity verification to purchase or recharge digital currency. After real-name verification, you can randomly receive a mystery box, with a maximum reward of 50 USDT.
After registering on OKX, easily create an account and log in to buy and sell USDT on the trading platform.
Click the [Register] button, select China as your residence, and fill in your email. After entering the information, click [Register] to complete account creation.
After registering an OKX account, download and install the app. If there are security risk prompts during installation, they can be ignored (virtual currencies are often falsely reported). Apple users need to use an overseas Apple ID (such as from Hong Kong or the US) to download the app; the application method can refer to tutorials on Zhihu. After installing the OKX app, follow these steps to purchase USDT:
Completing this step allows you to exchange RMB for USDT. USDT is pegged to the US dollar at a 1:1 ratio, and this exchange is essential.
After purchasing, check your USDT balance through [Asset Management] in [My Assets]. If you need to exchange for other currencies, transfer USDT from your funding account to your trading account, and you can trade after the transfer. Enter the trading interface, select [Spot Trading] and the currency, and enter the amount to complete the transaction.
Buying and Selling USDT#
Once you have an OKX exchange account, you can purchase USDT through C2C trading or quick trading. It supports buying USDT with RMB or exchanging USDT for RMB. The specific operations are as follows—
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- Enter the OKX platform, click [I want to buy coins] at the top, and select [C2C Buy Coins].
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- Open the app homepage— I want to buy coins (C2C Buy Coins)— Quick Trading— select USDT— enter the purchase amount— choose Alipay, WeChat, or bank card for payment. Transfer to the merchant assigned by the system and wait a moment.
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- Click the merchant's [Buy] button, enter the amount, and select the payment method. After payment, click [I have paid]. Once the seller verifies the payment, USDT will be credited to your account.
Completing this step allows you to exchange RMB for USDT. USDT is pegged to the US dollar at a 1:1 ratio, and this exchange is essential.
After purchasing, check your USDT balance through [Asset Management] in [My Assets]. If you need to exchange for other currencies, transfer USDT from your funding account to your trading account, and you can trade after the transfer. Enter the trading interface, select [Spot Trading] and the currency, and enter the amount to complete the transaction.
- Click the merchant's [Buy] button, enter the amount, and select the payment method. After payment, click [I have paid]. Once the seller verifies the payment, USDT will be credited to your account.
Purchasing DOGE with USDT#
If you need to exchange USDT for Dogecoin (DOGE), click "Trade" at the bottom of the app— select "Spot"— select the [DOGE/USDT] trading pair. Enter the amount of DOGE you wish to buy (based on your USDT holdings), and click "Buy DOGE" to complete the purchase. When selling DOGE, enter the amount and click "Sell DOGE."
You can use limit orders or market orders:
- Limit order— set a target price, and it will automatically trade when the market price reaches the target.
- Market order— trade at the current market price, suitable for quick transactions.
After purchasing, check your DOGE balance in [Asset Management].
When selling DOGE for USDT, also choose a market order, enter the amount, and complete the transaction quickly. After selling, transfer USDT from the trading account to the funding account, and then exchange it for RMB through [C2C Trading].
2. Is Dogecoin still worth investing in now?#
Compared to traditional Bitcoin, Dogecoin takes a more relaxed, community-oriented approach. Initially used for online tipping and "tip payments," it aligns with the American "tipping culture" and quickly gained popularity on social platforms. With its low entry barrier and fun nature, it became the second most popular electronic currency for tipping in the US within a week of its launch.
Although Dogecoin started as a joke project, its performance has far exceeded expectations. The DOGE project, created by Jackson Palmer and Billy Markus, has remained active during downturns in the crypto market and is considered one of the few network projects that can withstand cycles.
Canadian crypto researcher Kevin Rooke analyzed that Dogecoin's activity surpasses many mainstream coins. In December 2018, its daily active address count exceeded 2017 levels, ranking third among all cryptocurrencies, only behind Bitcoin and Ethereum. Messari data shows that on one day, DOGE had 72,955 active addresses, far surpassing Tron (21,255).
The 24-hour trading volume is also impressive— nearly 30,000 transactions with a total of $264 million, indicating a highly active and vibrant network.
Kevin Rooke pointed out that DOGE's network processing capacity and transaction throughput outperform established cryptocurrencies like Bitcoin Cash, Litecoin, and Dash. From a technical perspective, DOGE has become an undeniable force in the crypto network.
3. Advice for newcomers to the crypto world#
Overall, Dogecoin has a unique "character"— absurd, humorous, and rich in community sentiment, aligning with the current cultural backlash of the "American leek community" against traditional financial institutions. Coupled with Elon Musk's repeated support on social media, it further amplifies its market attention.
In terms of price and market value, Dogecoin has a low entry barrier, making it easy for ordinary investors to enter, with significant potential for price increases. Compared to high market cap mainstream coins, DOGE has low operating costs and low pressure for price manipulation, making it a favorite among retail investors.
Some veteran players in the crypto world hold a reserved attitude, believing it lacks practical application scenarios and is mainly used for online tipping, with limited advantages in the DeFi wave, leading to marginal performance.
However, it cannot be denied that DOGE has evolved from a joke into an important force in the investment world. New investors understanding its mechanisms and purchasing methods is the first step into the crypto world.
🔥 Solving the issue of accessing the OKX exchange in China#
Many exchanges' original domain names are restricted or their servers are located overseas, making access difficult. This is often caused by the network environment, not a service interruption from the platform. Exchanges like OKX and Binance regularly update their alternative domain names to ensure user access.
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- OKX alternative domain Overseas OKX - requires VPN or alternative link
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- Binance alternative domain Binance
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- Bitget alternative domain Bitget
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- Bybit alternative domain Bybit/Bybitglobal
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- Huobi HTX alternative domain Huobi (Huobi/HTX)
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- Gate alternative domain Gate.io (Gate)
🔥 Further Reading#
🔥 Useful tools for finding gold dogs#
1️⃣ Axiom Dog Rush Tool https://axiom.trade
2️⃣ Gmgn Dog Rush Tool https://gmgn.ai
3️⃣ dbot Dog Rush Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is searching for#
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