🐕 How to Buy Dogecoin (DOGE) in the UK

Many people are looking for how to buy Dogecoin in the UK to avoid missing out on possible future gains. The number one memecoin yielded massive returns for investors during the last bull run and has garnered the support of famous figures like Elon Musk.

However, DOGE is not widely available on exchanges and broker platforms, and some who support it do not have an instant purchase option as they do for Bitcoin (BTC) and Ether (ETH). If you’re facing difficulty finding where to buy Dogecoin with British Pounds (GBP) or do not know how to go about it, then you’re in the right place.

This article reveals exchanges and brokers where you can buy the meme-based cryptocurrency with GBP and shows you how to purchase it using the supported payment methods on the platform.

A quick guide on buying Dogecoin in the UK, buy instantly with GBP on Binance

• Register on Binance.com and complete their user verification process.
• Go to the Buy Crypto tab on the top-left of the website.
• Change the to Pay With Currency to GBP
• Select the pay with the Debit card option.
• Select DOGE as the coin to buy on the next screen.
• Click Buy DOGE and review the order details.
• Complete the payment.
• You can view the purchased DOGE by going to Wallet > Fiat and Spot from the top-right menu.

How to buy Dogecoin (DOGE) with GBP

Binance – Best Place to Buy

Binance is one of the world’s largest cryptocurrency exchanges by trading volume. They listed DOGE as 2019 and offer payment methods other than the credit/debit card feature we covered earlier.

How to do it:

• Create a Binance.com account and verify your identity.
• Open the Buy Crypto tab on the top left.
• Select GBP as the currency to pay with.
• Choose the Card Deposit option.
• Continue to deposit via Bank Card (Visa/MC).
• Add new card details and input the amount to deposit
• Complete the payment.
• If successful, Binance will add the GBP amount to your account.
• Go to the Buy Crypto tab and choose to pay with Cash Balance.
• Choose DOGE as the coin to buy, fill in the amount and complete the purchase.

Supported Payment Options: Credit/Debit card and P2P Trading.

Indacoin

Indacoin is both a cryptocurrency broker and an exchange service. This means you can buy crypto from Indacoin and receive it at an address you hold outside the platform. You can also buy DOGE with a card and hold it on your Indacoin account.

How to do it:

• Create an account on Indacoin.com and verify your email address.
• Enter your nickname and set up a password.
• On the dashboard, click Verify account and complete.
• Go to the +Buy button on your dashboard.
• Select GBP as your currency and DOGE as the coin to buy.
• Enter your card details in the spaces provided.
• Click Buy.

Supported Payment Options: Credit/Debit cards (Visa, Mastercard).

BC Bitcoin

BC Bitcoin is a UK-based cryptocurrency broker. They support the buying and selling of DOGE for GBP and provide a simple interface.

Note, though, that you need a custodial DOGE wallet to receive the purchased coins. You can create a dogecoin wallet by installing a mobile wallet such as Coinbase Wallet or Trust Wallet. Select DOGE as one of the coins when setting up the wallet. You can then copy your DOGE receiving address and proceed to BC Bitcoin.

How to do it:

• Create a BC Bitcoin account and complete the user verification process.
• Go to the Buy Coins page.
• Select DOGE as the coin to buy and GBP as your currency.
• Choose Credit/Debit cards as your preferred option (you can also use Bank Transfer via Faster payment).
• Enter the amount to spend and review the associated fees.
• Insert your Dogecoin address and click Next Step.
• Review your order details and complete your payment.
• BC Bitcoin will send the purchased DOGE to your address once they confirm payment.

Supported Payment Options: UK Faster Payments, SEPA Transfer, Credit/Debit cards.

Changelly

Changelly is a cryptocurrency broker aggregator. They provide users with offers for any crypto pair they wish to trade and list the best offers from brokers or exchanges supporting the asset. You can also buy DOGE with GBP using this channel, although there is no option to pay with PayPal.

How to do it:

• Go to Changelly.com and create an account.
• Click the Buy button from your account dashboard.
• Select GBP as your payment currency and DOGE as the coin to buy.
• Choose the United Kingdom as your country of residence.
• Enter the amount you wish to spend.
• Choose your preferred payment method.
• Click Buy Now for the best offer.
• Provide your Dogecoin address and click go to Payment.
• Create an account on the partner site and complete the verification process.
• Enter your card details and complete the transaction.
• If you choose the Bank Transfer option, then complete the bank deposit.
• You will receive the purchased Dogecoins within 30 minutes after the payment confirmation.

Supported Payment Methods: Bank Transfer, Credit/Debit cards (Visa, Mastercard).

Bitfinex

Bitfinex is another popular choice for investors who want to buy Dogecoin with GBP. The platform supports direct fiat GBP deposits and withdrawals. However, users must convert the deposited GBP to BTC, USDT, or USD before buying DOGE on Bitfinex.

How to do it:

• Register on Bitfinex and complete the full KYC process to enable fiat deposits
• Go to Wallet > Deposit 
• Choose your preferred deposit method and follow the prompts to make a deposit.
• Once completed, go to Trading and find the GBP/USDT trading pair.
• Change the Order Type to Market and complete a swap from GBP to USDT.
• Follow the same steps to find the DOGE/USDT pair.
• Convert USDT to DOGE
• Go to Wallet > Wallets to view the purchased assets.

Supported Payment Methods: Credit/Debit cards, Bank Transfer

How to buy DOGE with other cryptos short step-by-step guide

If you already hold another cryptocurrency, it is much easier to convert it to DOGE using any of the exchanges or brokers listed above. However, we’ll use Binance for this guide because of the platform’s simplicity for crypto-to-crypto conversions.

Also, since you’re only going to convert another crypto to Dogecoin, you will not need to complete the user verification process.

Binance supports DOGE pairs against BTC and USDT,

How to do it:

• Register on Binance.com and verify your email address.
• Go to Wallet > Fiat and Spot.
• Find the deposit option on the coin you wish to deposit, USDT.
• Copy your deposit address and transfer funds from your external USDT wallet to the provided USDT address.
• Once Binance confirms the deposit, it will appear in your Fiat and Spot wallet.
• Go to Trade on the website’s top-right tab and choose Binance Convert.
• Select USDT as the coin to convert to DOGE.
• Click Preview Conversion and complete the process.
• Go back to Wallet > Fiat and Spot to view the purchased DOGE.

Things to consider before buying Dogecoin

The periodic increase in the price of Dogecoin often attracts new investors to the memecoin. However, such "pumps" should not be the primary reason you jump onto the doge train.

You must consider other things before putting your money into DOGE.

• History: Many DOGE holders today do not know the cryptocurrency’s origin. Dogecoin was founded in 2013 as a joke by Australian Jackson Palmer and Billy Markus, an IBM software developer.

  They were criticizing the abundance of "scammy" coins coming up in those days and joked that there might as well be a “doge” coin based on popular dog memes that were rampant in 2013.

  Like the infinite number of coins that have emerged since then, Dogecoin has an endless supply that currently stands at 132,670,764,300 DOGE at the time of writing. There is no actual use case for the coin besides online payments.

  Also, there are rarely any developers working on the project currently. Jackson Palmer left in 2015.

• Community-Led Pumps: Dogecoin has a loyal community which explains why the project has survived since 2013. The price of Dogecoin has also surged as the community gathers more followers, although growth typically comes after community-led pumps. Investors must accurately time their entries or hold on for a long time to 
  
  DOGE Historical Chart
  
  Between pumps, the price of DOGE trades relatively flat and often for a long time. Therefore, if you invest in Dogecoin, it would be best to avoid buying it when the price is in an uptrend.

• Doge’s Future: Given the few to no developers working on the Dogecoin network, the project faces an existential risk each time the hype fades.

  In an interview in 2017, co-founder Jackson Palmer said that the lack of active development means that Dogecoin “will become outdated. And with that, the network will organically wind down.”

  Most native-dogecoin wallets already suffer from this lack of active development, and users report poor experiences while using them. In the end, no one can guarantee for how long until Dogecoin gets active developers or ‘wind down.’

Where to store DOGE

If you do decide to buy DOGE because of the short-term gains it could bring, then you store it using any of the following wallets:

• Ledger Nano S and X versions (hardware wallets)
• Trezor One and Model T (hardware wallets)
• Trust Wallet (mobile wallet)
• Dogecoin Wallet (Desktop and mobile)

Privacy and security tips

Here are some privacy and security tips that DOGE investors should keep in mind:

• Malware on your computer or mobile could replace the address on your clipboard with that of hackers. Therefore, double-check addresses before initiating send transactions.
• Do not publicly disclose the amount of coins you hold, especially in public forums. Doing so makes you an easy target for hackers.
• Since most native-Doge wallets lack active developers, we recommend using new-age mobile wallets such as Trust Wallet or Coinomi to store your coins.
• When using an exchange, set a strong and unique password and enable other security features.

Conclusion

Prospective investors can buy Dogecoin in the UK using the exchanges and brokers recommended in this article but must proceed cautiously.

Although no one can guarantee the Dogecoin network’s continued existence, the loyal community behind the project means it could last at least a bit longer and possibly yield more returns for investors.