Recently, the popularity of Dogecoin has become 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 Weibo's trending list, attracting the attention and discussion of many investors. Today, we will provide a detailed introduction to the process of buying Dogecoin. Before diving 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 initially inspired by an internet meme but has developed a unique ecosystem in community culture, social dissemination, and application scenarios in recent years. 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 transaction fees by 20%! New users can also receive a free blind 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 via 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 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 your login password, and once created, you will be automatically logged into the backend:
At this point, the account registration is complete, but you need to complete identity verification to buy or recharge digital currency. After real-name verification, you can randomly receive a blind box with a maximum reward of 50 USDT.
After registering with 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 for 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, making this exchange essential.
After purchasing, check your USDT balance in [Asset Management] under [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, enter the amount, and complete the transaction.
Buying and Selling USDT#
Once you have an OKX exchange account, you can purchase USDT through C2C trading or quick trading. You can buy USDT with RMB or exchange 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 to pay via Alipay, WeChat, or bank card. 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, making this exchange essential.
After purchasing, check your USDT balance in [Asset Management] under [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, enter the amount, and 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"— choose 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 that level.
- 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 your trading account to your funding account, and then exchange it for RMB through [C2C trading].
2. Is Dogecoin still worth investing in?#
Compared to traditional Bitcoin, Dogecoin takes a more relaxed and community-oriented approach. Initially used for online tipping and "tip payments," it resonated with the American "tipping culture" and quickly became popular on social platforms. With its low entry barrier and fun nature, it became the second most popular electronic currency for tipping in the U.S. 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 seen as one of the few network projects that can withstand cycles.
Canadian crypto researcher Kevin Rooke analyzed that Dogecoin's activity surpasses many mainstream currencies. In December 2018, its daily active addresses 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 exceeding Tron (21,255).
The 24-hour trading volume is also impressive— nearly 30,000 transactions with a total of $264 million, indicating high network activity and vitality.
Kevin Rooke pointed out that DOGE's network processing capability and transaction throughput outperform established cryptocurrencies like Bitcoin Cash, Litecoin, and Dash. From a technical perspective, DOGE has become a crypto network that cannot be ignored.
3. Advice for newcomers to the crypto space#
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, its market attention has further amplified.
In terms of price and market value, Dogecoin has a low entry threshold, making it easy for ordinary investors to enter, with significant potential for price increases. Compared to high market cap mainstream currencies, DOGE has low operational costs and pressure for price manipulation, making it a favorite among retail investors.
Some veteran players in the crypto space 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 to an important force in the investment world. Understanding its mechanisms and purchasing methods is the first step for novice investors to enter the crypto world.
🔥 Solutions for accessing OKX exchange in China#
Many exchanges have their original domain names restricted or servers located overseas, making access difficult. This is often caused by the network environment and not due to platform service interruptions. Exchanges like OKX and Binance regularly update their backup domain names to ensure user access.
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- OKX backup domain Overseas OKX - requires a VPN or alternative link
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- Binance backup domain Binance
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- Bitget backup domain Bitget
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- Bybit backup domain Bybit/Bybitglobal
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- Huobi HTX backup domain Huobi/HTX
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- Gate backup domain Gate.io
🔥 Further Reading#
🔥 Useful tools for finding gold dogs#
1️⃣ Axiom Dog Coin Tool https://axiom.trade
2️⃣ Gmgn Dog Coin Tool https://gmgn.ai
3️⃣ dbot Dog Coin Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
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