Recently, the popularity of Dogecoin has significantly increased, with a staggering rise of 161 times in the past year. This means that if someone invested 10,000 yuan in Dogecoin a year ago, it would now be worth 1.61 million yuan.
Such an astonishing return rate quickly topped the Weibo hot search list, sparking widespread attention and discussion among investors. This article will detail the process of purchasing Dogecoin.
Before proceeding, let's briefly understand Dogecoin: it is a digital currency like Bitcoin, with the code DOGE, originally inspired by internet memes, and has developed a unique ecosystem in recent years through community culture, social dissemination, and application scenarios. The following is a detailed tutorial on buying and trading DOGE using Binance as an example.
1. How to buy Dogecoin? Detailed steps for purchasing DOGE#
Dogecoin is listed on over 120 mainstream exchanges worldwide, including OKX, Binance, Huobi, Gate.io, and others. Below is the complete process for purchasing DOGE on OKX. To buy DOGE, you first need to acquire USDT—
Visit the OKX official website (one of the top three exchanges globally), where registering can reduce trading fees by 20%, and new users can also receive a free mystery box (valued at $2~$8).
Click here–> to register an OKX account on the official website or alternative link, some regions may require a VPN
- Access the OKX official website via the link above and enter your registration email:
- Set your phone number, choose a domestic number starting with 86, and enter the 6-digit SMS verification code to complete verification:
- After completing SMS verification, select your country or region (fill in truthfully, it is recommended to be consistent with your ID), click next and confirm the prompt:
Check the service terms/privacy policy agreement, proceed to set your login password, and you will be automatically logged into the backend upon completion:
Account registration is complete, but you need to complete identity verification (real-name authentication can earn a random mystery box, with a maximum reward of 50 USDT) to purchase or recharge digital currency.
After registering and logging into your OKX account, you can conduct USDT buying and selling operations. Click [Register], select China as your residence, fill in your email, and complete the creation.
Download and install the OKX App (Apple users need an overseas Apple ID), ignoring system security prompts. After installation, follow these steps to purchase USDT:
Buying and Selling USDT#
Once you have an OKX account, you can purchase USDT through C2C trading or quick trading (RMB to USDT, 1:1 pegged to the US dollar).
- Enter the OKX platform, click [I want to buy coins] → [C2C buy coins].
- On the app homepage, select [I want to buy coins (C2C buy coins)] → [Quick trading] → select USDT → enter the purchase amount → choose Alipay, WeChat, or bank card payment, and transfer to the merchant assigned by the system.
- Click the merchant's [Buy] button, enter the amount and pay, then click [I have paid] to complete. After the seller verifies, USDT will be credited to your account.
After completing the RMB to USDT exchange, check your balance through [Asset Management] → [My Assets]. Transfer USDT from the funding account to the trading account to exchange for other currencies. Enter the trading interface, select [Spot Trading] → target currency → enter the amount to complete the transaction.
Purchasing DOGE with USDT#
Convert USDT to Dogecoin (DOGE): Click the bottom "Trade" in the app → select "Spot" → choose the [DOGE/USDT] trading pair. Enter the buy amount, click "Buy DOGE" to complete the purchase; for selling, enter the sell amount and click "Sell DOGE."
Use limit orders (set target price for automatic execution) or market orders (execute at current price immediately). After completion, check your DOGE balance in [Asset Management].
Sell DOGE for USDT: Choose market order, enter the sell amount for quick execution. Transfer USDT to the funding account and exchange for RMB through [C2C trading].
2. Is Dogecoin still worth investing in now?#
Dogecoin distinguishes itself from Bitcoin with its lighthearted community-oriented approach, initially used for online tipping and small payments, resonating with American culture, and quickly gaining popularity. Its low entry barrier and cute attributes make it the second most popular electronic currency for tipping.
Despite starting as a joke, the DOGE project (created by Jackson Palmer and Billy Markus) has remained active during downturns in the crypto market and is seen as a network project capable of transcending cycles.
According to Kevin Rooke's analysis, the number of active DOGE addresses (surpassing 2017 levels in December 2018) is only behind Bitcoin and Ethereum. Messari data shows that DOGE has 72,955 active addresses daily, with a trading volume of $264 million, and its network processing capability surpasses that of older coins like Bitcoin Cash.
3. Advice for newcomers to the crypto space#
Dogecoin has an absurd and humorous community sentiment, aligning with the "American meme community" in its cultural pushback against traditional financial institutions. Elon Musk has repeatedly amplified its visibility.
With low price and market cap thresholds, it is easy for retail investors to enter, offering significant potential for price increases. Compared to high market cap coins, DOGE has lower operational costs and less pressure for price manipulation.
Some veteran players believe DOGE lacks practical application scenarios (performing marginally during the DeFi wave), but it has evolved from a joke into a force that cannot be ignored. Newcomers should understand the mechanisms and purchasing methods as an introduction to the crypto world.
🔥 Solving the issue of accessing OKX exchange in China#
Exchange domains are often restricted or have slow access due to servers being located overseas. OKX, Binance, and others regularly update alternative domains to ensure 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#
The latest ranking of the top ten virtual currency trading platforms in China for 2025 is out🔥【Worth saving】
【Real stories of getting rich in the crypto space】Many people ask me how I went from 0 to 11 million and then to a debt of 100,000 after years of trading coins.
🔥 Useful tools for finding gold in the crypto space#
1️⃣ Axiom Doge Booster https://axiom.trade
2️⃣ Gmgn Doge Booster https://gmgn.ai
3️⃣ dbot Doge Booster https://app.debot.ai
4️⃣ Morelogin multi-account fingerprint browser www.morelogin.com
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