How to Buy Dogecoin on Coinbase

Dogecoin saw a meteoric rise in value this 2021 after years of staying on the fringes of the crypto sphere. Today, it’s one of the most well-performing cryptocurrencies in the market, with a market capitalization of about $22 billion. It’s listed on some of the most popular trading platforms, such as Coinbase, is one of the driving forces behind this rise.

Because of this listing, Dogecoin reached hundreds of thousands of investors and traders. Read on if you would like to become one of those with access to this controversial coin.

How to Buy Dogecoin on Coinbase

Coinbase is the first and most popular major cryptocurrency platform launched in the US. It was initially founded to make Bitcoin easier for the public to buy. Still, with the recent dominance of the cryptocurrency market in recent years, Coinbase sold the most popular ones.

This platform listed Dogecoin in its professional version last June. Today, the regular, non-pro account can also buy and sell Dogecoin on Coinbase. In this section, we will walk you through the steps of making. 

Register for a Coinbase Account

You can use Coinbase on your mobile devices or through your browser. The first step will be to register for an account wherever you decide to use the service.

1. Go to Coinbase through your mobile device or web browser. Look for the blue Get Started button, typically located on the top right corner of the interface, and click it.
2. You will then be redirected to an account creation window. Enter your name, email, password, and check the box. Lastly, click Create account.
3. On the next page, just click Next.
4. Read the Privacy Policy page and click I Acknowledge to confirm.
5. Coinbase will ask you if you want to receive promotional emails from the site in the next window. If you’re going to, click Yes. Otherwise, just choose No.

Now you’ve finished the initial registration – but you don’t have an account yet. You still need to verify your account and proceed with the registration, which we will do in the next section.

Verifying Email Address

You can’t access your Coinbase account until you’ve verified your email address. To do so, follow the steps below.

1. Go to the email platform you signed up to Coinbase with and log in to your account.
2. Look for the Coinbase email and open it.
3. You should find a short message instructing you to verify your email address by clicking the blue Verify Email Address button below.
4. Once you’ve verified your email, you will be brought to the Coinbase website to continue your account setup.
5. You will be asked to set up two-step verification on the window, which is a security measure that places additional steps for you to open your account.

Enter your phone number on the field provided and click Send code. Make sure to have your mobile phone on hand.

6. Coinbase will then send you a code on your mobile device. Open the message and input the one-time password (OTP) to the Coinbase website. Click Submit.
7. On the next window, select your citizenship and click Submit.
8. You will then be asked to verify your identity by inputting personal details and supporting documents. On the following two windows, you will be required to enter your:
   1. Name
   2. Birthday
   3. Address
   4. Coinbase use
   5. Source of funds
   6. Employment status
   7. Expected Crypto trades per year
   8. Your industry
9. After entering your details, you will be asked to upload your supporting documents. You can choose between your passport, driver’s license, or national ID. You will also have to decide how you will upload your details.
10. Upload your selected documents using your chosen method.
11. After everything is done, Coinbase will verify your document. All you have to do is wait until you get approved.

Set-up Your Bank Account Link

With your Coinbase account up and running, there are only a few steps left so that you can buy and sell Dogecoin on Coinbase. One of these steps is linking your bank account.

1. Once you get verified, Coinbase will show you a notification window along with a button to set up the bank account where your funds will come from. Click the blue Set Up Bank Card Button.
2. You will see fields for your bank card details in the next window. Fill in all the necessary information and click Add Card.
3. If your details are correct, you will be redirected to the main Coinbase platform.

To add money to your account, click the Buy/Sell button on the top right corner of the interface if you’re using a web browser. If you’re using mobile, tap the blue swap icon on the middle bottom menu of the interface.

4. If you’ve already linked a card, you will see a window where you buy Bitcoin.

You can’t deposit dollars to Coinbase, but you can buy Bitcoin worth the amount that you want to deposit and then trade that instead.

Enter the amount you want to deposit and click Buy Bitcoin.

5. Click Preview Buy to confirm and then submit your order. Coinbase will then credit this Bitcoin to your account instantly.

Buying Dogecoin on Coinbase

With the money you have on your Coinbase account, you can now easily buy Dogecoin on your Coinbase account.

1. On your Coinbase platform, search for Dogecoin on the search bar and click to view the Dogecoin page.
2. Click the Buy button.
3. Enter the dollar amount you want to buy Dogecoin with and then click Preview buy.
4. On the next screen, click Buy Now. Now you’re a proud holder of Dogecoins in Coinbase!

Benefits of Buying Dogecoin on Coinbase

Dogecoin is indeed generating plenty of hype today, and the choice of investing in this amusing coin is all up to you. However, your platform of choice can significantly affect your trading.

Trading on unrecognized platforms is risky, especially if they don’t have any official qualifications that brand them as a business.

On the flip side, trading on a widely-recognized and regulated platform like Coinbase brings you many benefits. Coinbase is:

• Secure. Coinbase is protected by high-level encryption that is tough to hack.
• Responsible. Although Coinbase might have suffered some disasters recently, the company has promised to reimburse each one that was affected.
• Licensed and regulated. Coinbase operates under regulations set by US law.
• Beginner-friendly. Provides plenty of assistance and easy-to-use features.
• Feature-rich. Seasoned professionals find all the tools they need to trade Dogecoin and other crypto assets.

How to Withdraw Your Dogecoin From Coinbase?

You can withdraw Dogecoin from Coinbase to another wallet by clicking the Send/Receive button right next to the button you pressed to buy the coin.

In the next window, provide all the necessary information, such as your wallet address. Make sure to double-check your account details, as you can’t retrieve your crypto if it gets sent to the wrong address.

Then, approve the transfer request. Your coin will be transferred to your wallet once the network has approved your transaction.

Keep in mind that you won’t be able to send Dogecoin to your bank account directly: you will have to sell your Dogecoin to your Coinbase cash account and then withdraw it to your bank account.

How to Sell Dogecoin on Coinbase?

You can sell Dogecoin in Coinbase by clicking the Sell button on the Dogecoin page, entering the amount you want to sell, and confirming your order.

Using Coinbase to Buy and Sell Dogecoin

Coinbase is a trustworthy and well-loved trading platform with plenty to offer.

Trading Dogecoin on this platform will allow you to minimize the inherent risks of trading such a speculative cryptocurrency and focus on your trading tactics.

Read More

• How to Make Money with Cryptocurrency
• How to Withdraw from Binance
• How to Transfer From Coinbase to Coinbase Pro
• How to Transfer from Coinbase to Binance
• How Does Cryptocurrency Gain Value?
• How to Read Crypto Charts

Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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