How to Buy Dogecoin - In The UK 2025
Adam Woodhead
Co-Founder
Adam is a passionate investor who created The Investors Centre (TIC) to combine his professional skills with his love for investment. His goal is to offer a platform filled with valuable resources, practical advice, and effective strategies for anyone looking to make their mark in the investment world.
“Investment is about more than just numbers; it’s about strategy, research, and the willingness to adapt. At TIC, we’re here to provide the tools and knowledge you need to succeed on your investment journey.”
Thomas Drury
Co-Founder
Thomas is an experienced financial trader in leverage instruments, crypto and general investing. He has over a decade experience in finance and holds Chartered Status in the financial industry, Thomas’s speciality is trading CFDs, Forex and Day Trading. His crypto portfolio is heavily weighted towards BTC and Eth, but enjoys trading low cap crypto’s with higher volatility. Thomas’s favourite trading strategy is break out Trading.
“Our commitment at The Investors Centre is unwavering. We strive to provide clear, actionable advice that empowers you to achieve financial success. Our vision is a future where anyone can invest confidently and wisely.”
Table of Contents
Disclaimer
How We Test
Explore our curated list of reputable exchanges for buying DOGE in 2025, each rigorously tested with real funds. All brokers are accessible to traders in the United Kingdom.
To Buy Dogecoin in the UK, you'll need to:
A Step-by-Step Detailed Guide on Buying Dogecoin
1. Choosing a Cryptocurrency Exchange:
- Research and select a cryptocurrency exchange that lists Dogecoin (DOGE) and is accessible in your region. Popular choices often include Binance, Coinbase, and Kraken.
- Review the exchange’s fee structure, security measures, and user reviews.
2. Creating an Account:
- Go to the chosen exchange’s website or app and sign up for a new account.
- Provide the required personal information, such as your name, email address, and proof of identification, to comply with Know Your Customer (KYC) regulations.
3. Securing Your Account:
- Enable two-factor authentication (2FA) for an added layer of security.
- Set up a strong password and store it securely.
4. Depositing Funds:
- Deposit fiat currency, like USD, EUR, or GBP, into your exchange account. This can typically be done via bank transfer, credit card, or debit card.
- Wait for the deposit to be processed. Processing times can vary depending on the method chosen.
5. Placing a Buy Order for Dogecoin:
- Navigate to the market section of the exchange where DOGE is listed.
- Choose a trading pair that matches your deposited currency, such as DOGE/USD or DOGE/GBP.
- Select the type of buy order: a ‘market order’ will purchase at the current market price, while a ‘limit order’ will execute at a specified price.
- Enter the amount of Dogecoin you want to buy.
6. Reviewing and Confirming the Purchase:
- Double-check the order details, including the amount of Dogecoin you’re buying and the total cost.
- Confirm the purchase and wait for the order to be filled.
7. Transferring Dogecoin to a Wallet:
- For security reasons, it’s recommended to transfer your Dogecoin from the exchange to a private wallet.
- Choose a wallet that supports Dogecoin, such as a hardware wallet for maximum security or a software wallet for convenience.
- Obtain your wallet’s receiving address.
8. Withdrawing to Your Wallet:
- Go back to the exchange and initiate a withdrawal to your Dogecoin wallet address.
- Enter the amount of DOGE to transfer and paste your wallet’s receiving address carefully.
- Confirm the withdrawal and wait for the blockchain confirmation.
9. Tracking Your Investment:
- Regularly monitor your Dogecoin investment by checking the price and news related to cryptocurrency markets.
- Consider setting up price alerts on your exchange or a cryptocurrency tracking app.
10. Selling or Using Dogecoin:
- If you decide to sell your Dogecoin, the process is similar to buying. You will navigate to the exchange, place a sell order, and withdraw the resulting funds to your bank.
- Alternatively, you can use Dogecoin for transactions where it is accepted, transferring DOGE directly from your wallet to the recipient’s address.
Where to Buy Dogecoin
eToro - Social Trading, Easy to Use, Rated Highest
Pros & Cons
- User-friendly interface
- Social trading features (CopyTrader™)
- FCA regulated
- Wide asset range (crypto, stocks, ETFs)
- 1% trading fee
- Limited advanced trading tools
- Small currency conversion fee for GBP deposits
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What are the Fees?
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What Cryptocurrencies are Available?
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How Safe is the Exchange?
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Who Is It Best For?
eToro charges a 1% trading fee on crypto transactions, plus a 0.5% GBP deposit fee. There’s also a $5 withdrawal fee and a $10 inactivity fee if the account is idle for 12 months. No hidden fees are applied beyond these.
eToro offers access to over 120 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Solana. While not as extensive as some other exchanges, it covers all the major assets most UK investors are likely to trade.
eToro is considered highly secure. It uses cold storage for the majority of crypto assets and two-factor authentication (2FA) to protect user accounts. It’s also regulated by the FCA, adding an extra layer of trust for UK investors.
eToro is best for beginners and casual investors who want an easy way to buy crypto and learn from others. Its social trading feature allows users to copy experienced investors, making it perfect for those new to the crypto market.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Coinbase- Beginner-Friendly, Secure, Trusted Brand
Pros & Cons
- Beginner-friendly interface
- Strong security measures
- FCA-registered
- Supports over 390 cryptocurrencies
- Higher fees compared to competitors
- Limited advanced trading features unless using Coinbase Advanced
- Slower customer support response times
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What are the Fees?
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What Cryptocurrencies are Available?
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How Safe is the Exchange?
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Who Is It Best For?
Coinbase charges around 1% per trade, plus a spread fee of 0.5%. Debit card deposits incur a 3.99% fee. Advanced traders using Coinbase Advanced enjoy lower maker-taker fees starting at 0.5% and decreasing with higher volumes.
Coinbase offers over 390 cryptocurrencies, including Bitcoin, Ethereum, Cardano, and many altcoins. It’s one of the widest selections available among FCA-registered platforms, catering to both casual buyers and those exploring newer tokens.
Coinbase is highly secure, storing 98% of customer assets in cold storage. It enforces two-factor authentication and has a strong reputation for protecting user funds. Its compliance with UK regulations adds an extra layer of investor protection.
Coinbase is best for beginners who prioritize ease of use and security. Its simple platform design and clear buying process make it perfect for those new to cryptocurrency who want a safe place to start without technical complexity.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Uphold - Multi-Asset, Low Minimums, Fewer Features
Pros & Cons
- Multi-asset trading (crypto, stocks, metals)
- Easy account setup
- FCA-registered
- Transparent reserve reporting
- Higher spreads on low-volume assets
- Limited advanced trading features
- Debit card deposit fees are high
-
What are the Fees?
-
What Cryptocurrencies are Available?
-
How Safe is the Exchange?
-
Who Is It Best For?
Uphold charges a 1% trading fee plus a spread, which varies by asset. Debit card deposits have a 3.99% fee in the UK. There are no withdrawal fees to UK bank accounts via Faster Payments.
Uphold supports over 60 cryptocurrencies, including popular coins like Bitcoin, Ethereum, and XRP. While the selection is smaller than competitors like Coinbase, it covers most of what casual investors are looking for.
Uphold maintains a 100% reserve model, ensuring user funds are fully backed. It uses two-factor authentication and undergoes third-party audits, providing a strong layer of transparency and security for UK users.
Uphold is best for casual investors who want to diversify across crypto, equities, and commodities within a single platform. It’s particularly useful for beginners who prefer simplicity over complex trading tools.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
What is Doge?
Dogecoin (DOGE) is a cryptocurrency that started as a joke based on the popular “Doge” meme featuring a Shiba Inu dog. Despite its whimsical origins,
Dogecoin has grown to become a prominent and widely used digital currency. It was created by Billy Markus and Jackson Palmer in December 2013 to be a more approachable and less serious alternative to Bitcoin.
Dogecoin’s creators envisioned it as a friendly, fun cryptocurrency that could reach a broader demographic than the typical Bitcoin audience.
The currency is decentralized and operates on blockchain technology, similar to Bitcoin and Ethereum, where all transactions are recorded on a public ledger.
How Does Dogecoin Work?
It utilizes a proof-of-work consensus mechanism, relying on miners to process transactions and secure the network.
One notable feature of Dogecoin is its low transaction fees and fast confirmation times, making it suitable for micro-transactions and online tipping.
Dogecoin has a passionate community that has used the currency for charitable acts and fundraising.
The coin’s mascot, the Shiba Inu, symbolizes the fun and friendly ethos of the Dogecoin community, which often rallies around causes and community support events.
The value of Dogecoin is not limited to investment value, but also heals and connects people. Imagine how fun it would be to have a physical Dogecoin! As Dogecoin has its own prototype, you can order custom enamel badges in the image of Doge, which would resemble a physical Dogecoin.
Despite its less serious beginnings, Dogecoin has a market cap in the billions of dollars and has garnered attention from investors and companies alike.
Is Dogecoin a Good Investment?
Determining whether Dogecoin is a good investment depends on various factors and the individual investor’s goals, risk tolerance, and investment strategy. Here are some considerations to keep in mind:
- Volatility: Dogecoin has a history of volatile price swings. While this can create opportunities for significant returns, it also poses a substantial risk of loss. Potential investors should be prepared for the possibility of rapid changes in Dogecoin’s value.
- Market Sentiment: Dogecoin often moves with the broader crypto market trends but can also be influenced by social media, celebrity endorsements, and the strong community sentiment surrounding it. This can both positively and negatively impact its investment potential.
- Usage and Adoption: Dogecoin has gained acceptance for use in various transactions and as a tipping currency on social media platforms, which can contribute to its longevity and potential growth.
- Inflationary Nature: Unlike Bitcoin, which has a cap on the number of coins that can be mined, Dogecoin has no maximum supply, with millions of new coins mined every year. This inflationary aspect could potentially dilute its value over time.
- Speculative Investment: Many investors view Dogecoin as a speculative asset. Its price can be significantly affected by hype rather than underlying fundamentals, which can be risky for long-term investments.
- Diversification: Some investors include Dogecoin in their portfolio for diversification, as it can sometimes exhibit different market dynamics compared to other cryptocurrencies and asset classes.
Investing in Dogecoin, like any cryptocurrency, should be done after thorough research and with the understanding that the market is highly unpredictable. It’s often advised to only invest money that you can afford to lose and consider seeking advice from financial advisors.
What are the Risks of Dogecoin?
Investing in Dogecoin, as with any cryptocurrency, involves several risks:
- Market Volatility: Dogecoin’s price is highly volatile, with sharp increases and decreases. This volatility can lead to significant financial loss for investors who are not prepared for such swings.
- Regulatory Risks: The regulatory environment for cryptocurrencies is still evolving. Changes in regulations can affect the value, legality, and stability of Dogecoin, impacting its adoption and potential as an investment.
- Security Risks: While blockchain technology is generally secure, cryptocurrency exchanges and wallets can be vulnerable to hacking and other cybersecurity threats. Investors must safeguard their digital assets against theft.
- Liquidity Risks: While Dogecoin is relatively popular, it may not have as much liquidity as Bitcoin or Ethereum. This can pose a risk if an investor wants to sell a large amount of DOGE quickly and may lead to selling at a lower price than desired.
- Inflationary Supply: Dogecoin has an unlimited supply, with millions of new coins minted regularly. This inflationary model can potentially reduce the value of each DOGE over time as the supply increases.
- Dependency on Social Media and Influencers: Dogecoin’s value can be significantly impacted by social media trends and endorsements by prominent figures, which can lead to unpredictable price movements based on speculative hype rather than market fundamentals.
- Lack of Backing by Assets or Cash Flow: Unlike traditional investments, Dogecoin does not represent a share in a company’s assets or cash flow. Its value is largely based on market perception and the willingness of others to buy and sell.
Potential investors should weigh these risks against their investment goals and risk tolerance before buying Dogecoin. Diversification, due diligence, and cautious investment strategies are crucial when dealing with speculative assets like cryptocurrencies.
Trade Smarter, not Harder
- Copy Trading
- Competetive Fee's
- Multi Asset Platforn
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
FAQs
How does Dogecoin differ from other cryptocurrencies?
Dogecoin is a peer-to-peer cryptocurrency that was created as a lighthearted alternative to traditional cryptocurrencies like Bitcoin. It was initially started as a joke, but it has gained a large online community. Dogecoin has a quicker block generation time, a larger supply of coins, and a different hashing algorithm.
Can Dogecoin be used for real-world transactions?
Yes, Dogecoin can be used for real-world transactions wherever it is accepted as a form of payment. Its community often uses it for tipping and donations due to its low transaction fees and fast confirmation times.
How do I store Dogecoin safely?
Dogecoin can be stored in a digital wallet. Options include software wallets (on a computer or smartphone) or more secure hardware wallets. It’s crucial to maintain strong security practices, like using two-factor authentication and backing up your wallet.
