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Dogecoin

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Buying and Selling Dogecoin in Today’s Modern World

Ec4aHMR - ImgurOne of the first questions that come up in a new Shibe’s life after they get their paws on a wallet, is “How do I get Dogecoin?”   After the reality of faucets as a get-rich-quick scheme crumbles, a Shibe often asks where to exchange their Fiat (regular) currency for shiny new Dogecoins!

There are a couple of options, but the best answer to this question, in my opinion, is using an Exchange.

Dogecoin exchanges are safe, secure, and also happen to be the cheapest way to buy new Dogecoin.  A lot of Shibes are taken aback however, when those exchanges ask for personal information.  A person delving into the world of digital currency is understandably concerned with privacy, but one should look at these exchanges as more of a bank. You don’t mind giving your address, showing ID, or providing other personal information when you use a bank do you?  Using a trusted exchange is like a bank. They have no choice but to conform to money laundering laws designed to protect against bad guys. To deposit fiat money into them, you will have to prove who you are. There’s no way around that. Without verifying your identity, you can’t use exchanges to trade Fiat money into Dogecoin.

There are, however, some exchanges that deal solely in digital currencies, like Coinspot. That way, if you already have some Bitcoins, or any of the other “alt” coins, you can buy Dogecoins without needing anything more than an email address.

I have also included the site Coinbase as an exchange, although it only allows you to buy Bitcoins*. I did this because a lot of Shibes (including myself) used this method to purchase Dogecoin. The idea is that you buy Bitcoins* with USD on Coinbase, and then transfer those Bitcoins* to another exchange like Coinspot to buy Dogecoins. *NOTE: Do to transaction delays on the Bitcoin network it is now suggested to buy LITECOIN or ETHERIUM, in place of Bitcoin.

The following list shows the current established Dogecoin exchanges. I’ve included various factors to help you choose which one is the right exchange for you. Keep in mind you may want to pick an exchange from your country of residence. There are particular tax rules regarding foreign held assets (at least in the U.S.) that can come along with significant penalties if you don’t follow the rules.

Also, a disclaimer: Where applicable I have included referral links to exchanges I use. The worst possibility you face from using one of these links, is saving yourself 10% on trades for six months, or in the case of Coinbase,  receiving a $10 worth of free Bitcoins when you sign up and exchange $100 or more.

EDIT: New Additions current of 2018 :

Anycoin Direct   BitPanda   Btc38   Bitfinix  Bitgrail  Bitstamp  CoinExchange.io CoinSquare

 Changelly Coinspot Exmo Gate.IO

HitBTC   LocalBitcoins  Poloniex  Shapeshift.io  HitBTC

 

Although they don’t support Dogecoin (yet) BINANCE and KuCoin are getting an incredible amount of volume.

They list all sorts of coins other exchanges simply don’t have.  Check them out to convert some of your more exotic currencies!

NAME and URLDESCRIPTIONFEESCOUNTRY of ORIGINACCEPTED CURRENCIESVERIFICATION and FUNDING

Altquick
The first USD-> Doge Currency exchange0% sell 2% buy w/escrowUSAUSD, Doge->FIATBank or Credit Union Account

ANXPRO
A Hong-Kong based mult-crypto exchangefree for crypto; fiat is fee + 1% of withdrawHong Kong
AUD, CAD, EUR, CHF, GBP, HKD, JPY, NZD, SGD, USD HKD or AUD Bank account or International wire transfer

Gate.IO
Chinese-based multi-crypto exchange

previously BTER
0.20%CHINACryptoEmail

Coinbase
Crypto Exchange and Merchant services (USD to BTC no DOGE)1% from BTC to USDUSAUSDU.S. Bank Account

Kraken
Now Supporting Dogecoin for our European Shibes% of trades current volumeEUROPEEUR(Multi-tiered) Personal Identity info, Bank account, Proof of Residency, Social Security Number, UBO/AML, Articles of incorporation for large trades.

Swisscex
Swiss based Crypto Exchange0.15% buy 0.2% sell 0.1% withdrawSwitzerlandCryptoEmail

Vircurex
Multi-currency exchange One of the oldest, very selective with their alts 17 altswithdraw XDG= 5 Doge BTC= .002RUSSIACrypto (USD, EUR, soon™)Email, (Fiat Deposits coming soon)

Poloniex
A fast, secure exchange where you can trade Bitcoins for a variety of promising cryptocurrencies.2%USACryptoEmail

Bittrex
A security- focused Exchange based in the United StatesPer Individual CurrencyUSACryptoEmail

CoinMkt
U.S.-based multi-crypto exchange with attention to security and unique featuresMaker/Taker Structure (.25%)USACrypto, USDEmail, Photo/Address for higher tiers

Coinspot
Australian based exchange with AUD -> Crypto direct purchasing and Escrow Services.8% Buy .3% Sell in Aud Markets

.01 Buy .01 Sell in BTC Markets
AustraliaCrypto, AUDEmail

 

Alternate Methods

Some Shibes may be unable or adamant about not giving out personal data. That’s understandable and fine!  There’s other ways to purchase Dogecoin. However, be warned, you will pay a premium for your anonymity.   The following purchase methods have been tested and are reasonably secure. They either rely on escrow services or are completely automated. Other than paying a little more, there should be no fear in purchasing from these entities.

Please note! There may be forthcoming issues with using Google Wallet. Please read this post and decide for yourself. More information: Here and Here.

 

 

NAME and URLDESCRIPTIONFEESCOUNTRY of ORIGINACCEPTED CURRENCIESVERIFICATION and FUNDING

Suchtrade Bot
A reddit bot to purchase Dogecoin with

Market based QuoteUSA Google Wallet (USD)
Google Wallet

Localdogecoin
Purchase Doge in your area User Negotiated Worldwide Paypal / Bank Account / Google WalletPayPal, Google Wallet, Escrow services

Coinsachs
Fast simple and reliable Dogecoin purchasesMarket based QuoteWorldwideCredit Card and Debit CardsCredit Cards / Debit Cards
Simple account verification

Weselldoges
Your own Dogecoin TraderMarket based QuoteWorldwidePaypalPaypal, Email, ID for higher amounts

Celery
Celery is an online wallet and exchange for digital currency. 1% buy/selling brc, ltc & dogecoin using bank account.
10% fee for credit card or debit card
USAUSD US Bank or Debit CardBank account for USD
Email for Crypto

 

 Open Markets

The final way to purchase Doge is on the open markets. These are simply various forum groups where people trade person to person. Moderators in these forums have developed a flair system and blacklists in an attempt to minimize scammers and ripoffs . Be very careful here. Follow ALL the rules very carefully and double check all references and flair. Do not allow yourself to be bullied into changing the rules or straying from the order set by the forum. A good idea is to split up the transaction into multiple sends. Scammers have little patience for this, so if a person agrees they are probably a legitimate trader. Again be careful!  If you are going to be scammed, this is where it is going to happen. I do not personally recommend using the markets if you are new to Dogecoin. That being said, it’s a quick, fast way to get your hands on Dogecoin. Also check out Cryptocurrency Times who published a great writeup on safely using markets.

http://www.reddit.com/r/dogemarket

http://www.reddit.com/r/CryptoTrade

Hack Method

I almost forgot. There’s one final “hack” to get your paws on some Dogecoin. This has worked for people on the Arab peninsula and other places where identity verification is tough. It also happens to be one of the original methods for buying Bitcoins when they first came out.

NAME and URLDESCRIPTIONFEESCOUNTRY of ORIGINACCEPTED CURRENCIESVERIFICATION and FUNDING

Virwox
Virtual Currency Exchange used to buy Linden Dollars for exchanging into BitcoinFix fee + variable percentageUSAEUR, USD, CHF, GBP , Paypal Credit Cards Ukash paysafe card Netteller Sofort BankingPaypal/ Bank Account

The idea here, is if you have a valid Paypal account, you use Virwox to buy Linden Dollars– the currency used in the virtual world, Second Life. After buying Lindens, you can trade those for Bitcoins, and then take your Bitcoins to a crypto exchange. Those are some hoops to jump through for sure, but it’s a great last resort to people having problems buying Doge elsewhere.

 

Here’s What I Use

So after all is said and done, someone will inevitably ask, “But which way is the best?”  The answer is too complex to be simply answered. People look for different things, and each exchange offers something unique.

All I can offer is my view and experiences. I moved over some Bitcoins from Mt. Gox into Coinbase when I first started, and also purchased some Doge using my debit card. I wanted to get into trading quickly so the BTC was transferred over to Coinspot where I bought my first Dogecoins.

Cryptsy is was the biggest exchange for Dogecoin in terms of volume nack in the day.  That meant more people traded there than anywhere else. If you wanted to buy or sell your order would be filled rather quickly.  That being said, that same amount of volume in an exchanged is a double-edged sword. Too many people trading during peak hours can severely lag the system. Many a Shibe who thought could quickly make a trade have been left disappointed by the peak time lag spike!

My advice is to use a preset buy order at the price you feel good about.   That way, when the market gets to that number, you are already waiting in line to buy and most likely your order will go through. You can do the same with a sell order if you have an idea of a top number you would like to sell at.

Because of my experiences locally in the states with lagging trades, I made the decision to diversify my exchanges. I got an account over at Gate.IO and Coinspot.  This way, if things go awry over in the West a portion of my holdings at Gate.io or Coinspot will allow me to still buy and sell Doge. I like the speed and simplicity of Gate.IO’s interface.  They are an Eastern market, so their peak times are different than Western exchanges which helps with a clogged trading time. There’s less volume there, but enough to trade with just fine.

I’ve played around with some of the other exchanges,  and they are all fairly similar and competent. It’s really your personal choice, what currency or geography suits you. I do recommend diversifying into at least two exchanges.

For Canadians I recommend Coinsquare.

Be Ready

The most important thing to keep in mind is BE READY. Keep some BTC (BCH/ETH)  in your account to buy more Dogecoin at a moments notice. The time it takes to transfer in and out of an exchange is NOT instant. I once waited 20 hours for a withdrawal to go through on a popular exchange.  If you want to act quickly on a market fluctuation you best be ready and not have to wait on deposits.

That being said, do not use an exchange as a wallet.  Have some cash to trade with, but any coins you are holding and not actively trading should be moved to an offline wallet. There’s always a chance of an exchange getting hacked, but with today’s two-factor authentication, and a host of other security features in place, an exchange is a pretty safe place for your Doge, at least while trading.

I hope this clears up the mystery of where to buy Dogecoin, and helps to simplify and present the many choices you have in buying it.  This list will change and grow, but we will update it as things change. Feel free to bookmark the list in our Exchanges section.

Now go and buy a bunch of Dogecoin it’s so cheap!

The New York Dogeparty 2014 – Documented!

Here’s a wonderful documentary featuring the recent Dogeparty in New York.

It’s well done and expresses the vibe and ideology of Doge, but at the same time it’s very informing in regards to crypto currencies in general.

We need more professionally done media coverage like this to document our trip to the Moon! Bravo to everyone involved!

California Legislature Amends Bill to Allow Cryptocurrencies

calif flag bear doge

A lot of news organizations, Reddit posts, and Tweets are getting this wrong. I’ve seen over and over again the title  “California House Unanimously Passes Law to Make Cryptocurrency “Legal Tender”

This is a blatantly false and misleading title. “Legal Tender”  has a very specific meaning to governments, and that is not what the California legislature voted on.  Crypto-currencies are not “legal tender” in California, or anywhere, to my knowledge. That is specifically pointed out in the text of the bill where it states “..prohibit{ing} a person from being required to accept alternative currency.”

g3utGah.jpg

So- what did they do?, you might ask. It’s pretty simple.  They changed and clarified the law (Section 107 of the Corporations Code) so that it is not ILLEGAL to pay for goods or services with alternative currency. Yup, before this law was passed, it was essentially illegal to collect those supermarket points you’ve been hoarding.  Basically California is updating it’s archaic law to conform with the 21st century. Before this, it WAS technically illegal to accept Bitcoin, Dogecoin, or any other  alternative form of currency.

Phew, glad that was all cleared up!

This is a very historic and important ruling for California, and it may pave the way for other states, governments, and countries to welcome the inevitable future that is digital currency. Remember Russia “Banning Cryptocurrency” last week?  Go look again, it’s a very similar situation, they were merely establishing the Ruble as “legal tender”.  You can’t ban cryptocurrency! That’s like trying to erase a photo from the internets!

Here’s a link to the text of the actual bill AB-129.  It’s two pages a very easy read.

Here’s a site where they actually got the story right! via bitcoin MagazinelM05ahk

Replace your entire Family’s wardrobe with Dogecoin gear!

Our obsession with Dogecoin made us create this portal site.

That was not enough.

We wanted to give you the shirts off our backs. Some of them are pretty cool!

store-open
Got A newborn shibe pup?     No problem!    Stick him in our “New kid on the blockchain” baby-wear!
Got A newborn shibe pup?     No problem!    Get that little dog-e in his very own
Dogecoin  pet-wear!
Got a wallet low on funds?     No Problem!     With our customized QR code gear, you can put your OWN wallet address on all sorts of cool stuff!  Now you can beg in style!

Wait- that’s not enough.

What is this dollar you speak of?

dogeaccepted

I want to pay in Dogecoins you say?

No problem!

Until we can get set up properly with our merchant services we will handle Dogecoin transactions by private message, or you can fill out a form below  We will quote you a Dogecoin price based on current market value and handle the transaction as if no silly Fiat money were ever even involved!

Warning! –  This is just the beginning. Even more product is flowing towards the store as we speak. Soon the amazing choices will overwhelm you.

Help to grow and promote the Dogecoin community! Clothe your family! Keep your Shibes warm, or at least – fashionable!  Howl to the world your true Shibe colors!

Visit the DogeDoor store here, and check back often!

Feel free to leave comments and suggestions below.  See something missing? Let us know! We’ll get right on it.

 

The Weekend Mega News Update

Hello Wonderful Shibes!

AdminShibe and I have been busy working behind the scenes on an exciting new project we will announce later today. The problem is, we’ve neglected the blog a bit.

To remedy this, I’m going to post a cornucopia of news from this week. A lot has happened in the world of Doge. So let’s get to it!

 

dogfilmDogecoin get’s major attention on ABC news in Australia!

 

RPPDd2A

International Business times mentions Dogecoin’s rise to the moon

 

 

riche shibe vault

The first bitcoin based bank? This can only be a good thing!

 

 

 

 

eminem_smallThe Facebook Tipping app is here!

 

 

Zo8pIqc

PC Magazine talks about how  Doge and fighter jets got the Jamaican Bobsled Team to the Olympics

 

 

ORIGINAL mad doge shiba (Mobile)A linguist’s take on Doge.

 

 

 

 

Oh yeah, and something called the Halvening happened whatever that is…vMS7jfv_sm

Stay Warm Shibes

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It seems a hunk of the US is getting pummeled yet again with bad winter weather. Yet here on the West Coast we’ve had the warmest winter. Such weather, so confuse.

So I thought a cute video of Kabosu, our patron Shibe! struggling in the snow recently might be nice. Let her cuteness, her struggle and her ultimate domination motivate and keep you warm. Training for the moon!

I’m so sure it will work, here’s another video to grow the Shibe fire. Kabosu playing in the snow. Such cute!

Kabosu’s (and her kitty friends!) blog is here (in Japanese mostly but scattered English. Of course cute animals are international!). They also have a Dogecoin wallet of course!

Kabosu donate

Show Kabosu some Dogecoin love.

Dogecoin surpases Peercoin as #3 Crypto Currency in Market Capital

Dogecoin rocketWell it looks like Dogecoin just surpassed Peercoin in market cap with over $93,000,000 to become the #3 mineable cryptocurrency.  For a two-month old altcoin that is absolutely incredible. The snowball of support from the community has driven the price to an all time high today which is currently sitting on .0019$  or 290 Satoshi’s. With the halvening coming up in a day it’s hard to say what will happen to Dogecoin. All we know is it probably involves rockets, the moon, and a chart that goes up and to the right!

 

The Halvening- it’s almost here!

vMS7jfv_smPart One

The rewards for mining Dogecoin are about to be cut in half.

One thing a lot of people might not know is that this IS NOT happening on the 14th, as a lot of posts have stated.  User Alami points out that the original estimate is a bit off and it will actually occur on the night of the 13th.

So it’s happening on the 13th, now what?  Keep mining! Mine harder! Mine twice as fast!

Still a little confused? Of Wolves and Weasels has a great explanation of what the Halvening is, and what it means.

You can monitor the actual official countdown on the blockchain, (which is currently down).

upvqfc7

 

Cryptsy Working on Fixes for Dogecoin Transactions

dogecoin businessShibes just love to trade, tip, buy, and move their Dogecoin around, and it’s that constant activity that seems to be the root of the recent slow downs with Cryptsy reported by Dogecoin users lately, especially during times of high volume.

Digital Currency Magnates points us towards a blog post by Cryptsy where they explain the troubles and respond with a solution:  a new hot wallet, which being new, should be fast. They are also asking Shibes to maximize their deposit amounts, as dust transactions (very small) ones clutter the wallet and make it slower. Get more info at the Cryptsy blog

Via DCMagnates.com

New Copper Minted Dogecoin Available

Shibe Mint copper DogecoinMuch copper So coin Wow!

Now you have have your own real physical Dogecoin. Shibe Mint has opened their virtual doors with their introductory minting of real copper Dogecoin, for only $10 plus introductory free worldwide shipping – quite a deal. And of course you can pay in Doge, BTC or Paypal.

The creator of Shibe Mint answers questions in his post on the Dogecoin Subreddit, and it sounds like they will expand to other metals like silver in the future.

Get your own copper Dogecoin or find more info in the thread on the Dogecoin Subreddit.

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