Recently, the attention on Dogecoin has significantly increased. Looking back over the past year, its increase has reached an astonishing 161 times. This means that if you had invested 10,000 RMB in Dogecoin a year ago, its current value would have risen to 1.61 million RMB.
Such an incredible return rate quickly topped the Weibo hot search list, attracting discussions from numerous investors. This article will provide users with a detailed introduction to the process of purchasing Dogecoin.
Before proceeding, let's briefly understand Dogecoin: it is a digital currency like Bitcoin, with the code DOGE. Initially created based on internet memes, it has developed a unique ecosystem in recent years within community culture, social dissemination, and application scenarios. Below, taking Binance as an example, we provide a detailed tutorial on buying and trading DOGE.
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 on the OKX exchange. To buy DOGE, you first need to hold USDT—
Visit the official OKX website: 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 (valued at $2~$8 in random coins).
Click here–> Go to the official website to register an OKX account 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 the number starting with 86 and enter your domestic number, then fill in the 6-digit SMS verification code to complete verification:
- After completing SMS verification, select your country or region (e.g., China), click next, and confirm the prompt:
Note: The country or region must match the identification information, so it is recommended to fill it out truthfully. After checking the service terms/privacy policy, proceed to the next step. Set a login password, and after completion, you will be automatically logged into the backend:
Account registration is complete, but you need to complete identity verification to buy or recharge digital currency. Real-name verification can randomly earn mystery box rewards (up to 50 USDT).
After registering, log into your account to buy and sell USDT on the trading platform. Click [Register] and select China as your residence, fill in your email, and complete the creation.
Download and install the OKX APP: If the system prompts a security risk, you can ignore it (this is the official download). Apple users need to log in to the App Store with an overseas Apple ID to download (application methods can be referenced on Zhihu). After installation, follow these steps to purchase USDT:
Complete the RMB exchange for USDT operation (USDT is pegged 1:1 to the US dollar).
After purchasing, check your USDT balance through [Asset Management] → [My Assets]. If you need to exchange for other currencies, transfer USDT from your fund account to your trading account, enter [Spot Trading], select the currency, and input the amount to complete the transaction.
Buying and selling USDT#
Once you have an OKX account, you can purchase USDT through C2C trading or quick trading, or exchange USDT for RMB. The specific steps are as follows—
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- Enter the OKX platform, click [I want to buy coins] → [C2C buy coins].
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- App homepage → I want to buy coins (C2C buy coins) → Quick trading → select USDT → enter the purchase amount → choose Alipay, WeChat, or bank card payment, transfer to the system-assigned merchant, and wait for the funds to arrive.
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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 arrive in your account.
Complete the RMB exchange for USDT operation (USDT is pegged 1:1 to the US dollar).
After purchasing, check your balance through [Asset Management] → [My Assets]. If you need to exchange for other currencies, transfer USDT to your trading account, enter [Spot Trading], select the currency, and input 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 arrive in your account.
Purchasing DOGE with USDT#
Convert USDT to Dogecoin (DOGE): Click the "Trade" at the bottom of the APP → select "Spot" → choose the [DOGE/USDT] trading pair. Enter the amount of DOGE to buy and click "Buy DOGE" to complete the purchase. To sell DOGE, enter the selling amount and click "Sell DOGE."
Use limit orders (set target prices for automatic trading) or market orders (to execute quickly at current prices). After purchasing, check your DOGE balance in [Asset Management].
Selling DOGE to convert to USDT: Select market orders and enter the amount for quick execution. After completion, transfer USDT from your trading account to your fund account, and exchange for RMB through [C2C trading].
2. Is Dogecoin still worth investing in now?#
Compared to Bitcoin, Dogecoin takes a more relaxed community-oriented approach, initially used for online tipping and small payments, aligning 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 tips in the U.S. within a week of its launch.
Although it started as a joke project, DOGE has performed far beyond expectations. Created by Jackson Palmer and Billy Markus, it has remained active during downturns in the crypto market and is seen as one of the few network projects that can withstand cycles.
Canadian researcher Kevin Rooke analyzed that DOGE's activity surpasses most mainstream coins. In December 2018, its daily active addresses exceeded levels from 2017, second only to Bitcoin and Ethereum. Messari data shows that on a certain day, DOGE had 72,955 active addresses, far exceeding Tron (21,255).
In terms of 24-hour trading volume, DOGE had nearly 30,000 transactions in one day, totaling $264 million, indicating a highly active network.
Kevin Rooke pointed out that DOGE's network processing capacity and transaction throughput outperform established cryptocurrencies like Bitcoin Cash, Litecoin, and Dash. On a technical level, DOGE has become an unignorable crypto network.
3. Advice for newcomers in the crypto space#
Dogecoin possesses 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. Elon Musk's repeated support on social media further amplifies its attention.
With a low price and market cap threshold, it is easy for ordinary investors to enter, offering significant potential for price increases. Compared to high market cap mainstream coins, DOGE has low operational costs and low 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 (mainly used for tipping) and has limited advantages in the DeFi wave, leading to marginal performance.
However, DOGE has evolved from a joke into an unignorable force. New investors understanding its mechanisms and purchasing methods is the first step into the crypto world.
🔥 Solving the issue of accessing OKX exchange in China#
The original domain name of the exchange may be restricted or the server located overseas affecting access speed. This issue stems from the network environment rather than a platform service interruption. OKX, Binance, and others regularly update alternative domain names 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/HTX
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- Gate alternative 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
Everyone is searching for#
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