Recently, the popularity of Dogecoin has significantly increased. Looking back over the past year, its price has surged by 161 times. This means that if someone had invested 10,000 yuan in Dogecoin a year ago, it would now be worth 1.61 million yuan.
Such an astonishing return rate quickly topped the Weibo hot search list, attracting the attention and discussion of many investors. This article will detail the process of purchasing Dogecoin.
Before proceeding, let's briefly understand Dogecoin. Dogecoin (code DOGE) is a digital currency similar to Bitcoin, originally created based on an internet meme. In recent years, it has developed a unique ecosystem through community culture, social dissemination, and specific application scenarios. The following provides a detailed tutorial on buying and trading DOGE using the Binance exchange as an example.
1. How to buy Dogecoin? Detailed steps for buying DOGE#
Dogecoin has been listed on over 120 mainstream exchanges worldwide, including OKX, Binance, Huobi, Gate.io, and others. Below is the complete process for purchasing DOGE through the OKX exchange. Before buying, you need to hold USDT—
Visit the official OKX website; OKX is one of the top three exchanges globally, and registering can reduce trading 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 for an OKX account or alternative link, a VPN may be required in some regions
- First, access the OKX official website through the link above and enter your registration email:
- Next, set your phone number, and you can choose a domestic phone number (starting with 86). Enter the 6-digit SMS verification code to complete verification:
- After completing the SMS verification, proceed to the next step, select your country or region (e.g., China), click next, and confirm the prompt:
Note: The country or region must match your identification or proof of residence, so it is recommended to fill it out truthfully. After checking the service terms/privacy policy agreement, proceed to the next step. Set your login password, and once completed, you will be automatically logged into the backend:
Account registration is complete, but you need to verify your identity before you can purchase or recharge digital currency. Completing real-name authentication allows you to randomly receive a blind box with a reward of up to 50 USDT.
After registering on 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, fill in your email, and click [Register] to complete account creation.
After registration, download and install the app. If there are security risk prompts during installation (common false positives for virtual currencies), you can ignore them.
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 be referenced on Zhihu. After successful installation, follow these steps to purchase USDT:
Completing the above steps allows you to exchange RMB for USDT. USDT is pegged to the US dollar at a 1:1 ratio, and this exchange step is essential.
After purchasing, click on [Asset Management] and then [My Assets] to check your USDT balance. 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 target currency, input the amount, and 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 on [I want to buy coins] at the top, and select [C2C Buy Coins].
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- On the app homepage, click— I want to buy coins (C2C Buy Coins)— Quick Trading— select USDT— input 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 be credited to your account.
Completing the above steps allows you to exchange RMB for USDT.
After purchasing, click on [Asset Management] and then [My Assets] to check your USDT balance. If you need to exchange for other currencies, transfer USDT from your funding account to your trading account, and after the transfer, enter the trading interface, select [Spot Trading] and the target currency, input the amount, and complete the transaction.
Purchasing DOGE with USDT#
To exchange USDT for Dogecoin (DOGE), click on "Trade" at the bottom of the app— select "Spot"— select the [DOGE/USDT] trading pair. Input the amount of DOGE you wish to buy, and click "Buy DOGE" to complete the purchase. When selling, input 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 the target.
- Market order— trade at the current market price instantly, suitable for quick transactions.
After purchasing, check your DOGE balance in [Asset Management].
When selling DOGE to exchange for USDT, choose a market order and input the amount for a quick transaction. After completing the sale, transfer USDT from your trading account to your funding account and sell it 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, it fits well with the American tipping culture and quickly gained popularity 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 Dogecoin started as a joke project, its performance has far exceeded expectations. Created by Jackson Palmer and Billy Markus, it remains active even during downturns in the crypto market and is considered one of the few network projects that can transcend cycles.
Canadian researcher Kevin Rooke analyzed that Dogecoin's activity surpasses most mainstream coins. In December 2018, its daily active address count exceeded levels from December 2017, ranking third among all cryptocurrencies, only behind 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, Dogecoin performed impressively— nearly 30,000 transactions in a single day, totaling $264 million, reflecting the network's high activity.
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 an undeniable force in the crypto network.
3. Advice for newcomers to the crypto world#
Dogecoin has a unique character— absurd, humorous, and rich in community sentiment, resonating 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 been further amplified.
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 pressure for price manipulation, making it a favorite among retail investors.
Some seasoned players hold a reserved attitude, believing it lacks practical application scenarios. In the past, it was mainly used for tipping, and its advantages are limited in the DeFi wave, leading to marginalization.
However, DOGE has evolved from a joke into a force that cannot be ignored in the investment world. Understanding its mechanisms and purchasing methods is the first step for newcomers to enter the crypto world.
🔥 Solutions for accessing OKX exchange in China#
Many exchanges' original domain names may be blacklisted, or access speed may be affected due to servers being located overseas. For ordinary users, this situation often leaves them feeling helpless, even questioning whether the exchange itself is experiencing issues. In reality, this is more about the network environment rather than a service interruption from the platform itself. To address this, exchanges like OKX and Binance typically update alternative domain names regularly to ensure users can continue to access the official website through alternative addresses.
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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
🔥 Related reading#
2025 China's Top Ten Virtual Currency Trading Platforms Latest Rankings are Out 🔥【Worth Collecting】
🔥 Useful tools for finding gold dogs#
1️⃣ Axiom Dog Tool https://axiom.trade
2️⃣ Gmgn Dog Tool https://gmgn.ai
3️⃣ dbot Dog Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
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