Buy Dogecoin (DOGE)

Follow the steps below to easily and securely buy Dogecoin.

You can securely store your Dogecoin in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Dogecoin. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Dogecoin with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Dogecoin with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Dogecoin through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Dogecoin is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Dogecoin involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Dogecoin, it is important to understand the risks.

Volatility: The price of Dogecoin can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Dogecoin is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Dogecoin through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Dogecoin or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

Yes, you can send your Dogecoin to an external wallet. With Finst, you can easily send your Dogecoin to a hardware or a software wallet.

Yes, you can store Dogecoin (DOGE) on hardware wallets such as Ledger or Trezor.

Dogecoin (DOGE) is one of the first and most well-known cryptocurrencies, which actually started out as a joke. The currency is based on the DOGE meme and was launched by Billy Markus and Jackson Palmer. Despite its light-hearted beginnings, Dogecoin has a large community.

Dogecoin is open-source and inspired by a popular meme featuring a Shiba Inu, a Japanese dog breed. Thanks to a large online community, Dogecoin is widely traded and often used for memes on social media. In addition, well-known people such as Elon Musk have often paid attention to this crypto in the past. As a result, its popularity has increased enormously in recent years.

Dogecoin was founded in 2013 by Billy Markus and Jackson Palmer. Although they are no longer involved in the project, Dogecoin remains a popular cryptocoin with an active community. As a joke, Markus is sometimes referred to as ‘Shibetoshi Nakamoto’ on Twitter, a nod to Satoshi Nakamoto, the mysterious creator of Bitcoin.

Dogecoin is based on the Litecoin network and uses a Proof-of-Work consensus mechanism. This means that miners use super-fast computers to solve difficult mathematical equations. This is how they ensure that transactions are processed and recorded on the blockchain.

Dogecoin is therefore faster and cheaper than Bitcoin, for example. The crypto is inflationary, which means that more and more new coins are constantly being added. The major advantage of Dogecoin is that transactions are relatively fast compared to Bitcoin. The network has a maximum of 33 transactions per second and has an average processing speed of 1 minute. This means that in theory you could send millions of euros to the other side of the world within a minute. This would take about 10 minutes with Bitcoin.

Billy Markus and Jackson Palmer launched the Dogecoin blockchain as a joke. They created the memecoin to ridicule the hype surrounding crypto. DOGE is seen as the first ‘memecoin’ and specifically the first ‘dog coin’, inspired by the Japanese dog breed Shiba Inu. Although it is actually a joke, some people still see it as a serious investment. What Markus and Palmer did not take into account is that memecoins like DOGE would become incredibly popular. DOGE has since grown into one of the largest cryptocurrencies today.

In addition, Elon Musk has mentioned Dogecoin several times on Twitter, which caused huge price increases. His statements and memes about Dogecoin have attracted many new investors and ultimately even led to companies accepting it. At one point, his own company Tesla also accepted Dogecoin as a form of payment.

On December 25, 2013, the first major hack in the Dogecoin community took place. Large amounts of DOGE were stolen, which led to a lot of commotion on X (then still Twitter). The community started the ‘SaveDOGEmas’ campaign to help the victims. Within a short period of time, enough money was raised to give everyone their stolen Dogecoins back.

That same year, the mining reward system was changed, replacing the random reward with a fixed reward per block.

Over the years, Dogecoin has proven itself as a currency with a strong community that regularly organizes donation campaigns.

- In 2014, the Jamaican bobsleigh team did not have enough money to go to the Olympic Games in Sochi. The Dogecoin community found this such a great story that they raised $50,000 to send the team to the Games.

- On March 22, 2014, during World Water Day, the Dogecoin community raised $30,000 to drill wells in the Tana Valley in Kenya.

- That same month, Dogecoin fans sponsored NASCAR driver Josh White. His car was completely covered in Dogecoin stickers with the logo and the name of the currency. This initiative cost only $55,000.

In 2015, Dogecoin was upgraded with a re-fork, combining Litecoin's technology with Bitcoin's code. This gave Dogecoin the best of both worlds: speed, low transaction costs and a user-friendly network.

During the crypto hype of 2017-2018, Dogecoin rose to almost 2 cents, but like many other crypto currencies, its value subsequently dropped considerably. However, in the bull run of 2021, Dogecoin made a huge leap and reached a value of €0.47.

Since 2020, Dogecoin has had a serious competitor: Shiba Inu Coin. Both coins are based on the iconic Shiba Inu dog, which has led to a kind of rivalry between the two communities. Dogecoin often remains the favorite, but Shiba Inu also has an active and fanatical following.

A much-discussed topic in the Dogecoin community is the large number of coins that are allegedly in the hands of a few investors (also called ‘whales’). Research shows, however, that many of these large wallets belong to crypto exchanges that keep DOGE in cold storage as collateral for their users. So, it turned out to be less bad than expected.

Elon Musk has had a major influence on the price development of DOGE in the past. On X (formerly Twitter), he often spoke positively about Dogecoin. His influence on the price became particularly clear during the bull market in 2021. Famous statements such as ‘DOGE to the moon’ and claims that Tesla would accept DOGE as a means of payment drove the price up to as much as 0.50 euros per DOGE.

After Elon Musk took over Twitter in 2023, Musk temporarily changed the Twitter logo to a Shiba Inu, causing the price to rise sharply again in a short period of time. Then by 30%.

Historical data therefore shows that buying Dogecoin after positive interference from Musk can be profitable. Statements from powerful figures such as Musk can also be dangerous and only cause price increases in the short term or even cause the price to fall sharply in a short period of time.