How to Buy $DOGE on BingX

For those looking to buy DOGE, BingX stands out as a reliable non-KYC exchange. Established in 2018, it has grown to serve over 5 million users worldwide. What makes it appealing is its simple registration process, competitive fees, and strong trading features.

BingX maintains a 0.10% maker and 0.10% taker fee, keeping trading costs in line with other major exchanges. Additionally, it supports DOGE in its futures trading platform, allowing traders to speculate on price movements with leverage.

One of the key reasons BingX is a great platform to buy DOGE is its staking rewards, offering up to 10% in savings with no minimum lock-up. This means you can redeem your staked DOGE anytime, ensuring liquidity and flexibility. On top of that, new users can claim a welcome bonus of up to $5,000, adding extra value to their trading experience. With its competitive fees, staking rewards, and no KYC requirements, BingX is a great choice to buy Dogecoin (DOGE). Follow these steps to get started:

Step 1: Open your preferred web browser and navigate to the BingX website. Register for a new account using your email address or phone number.​

Step 2: After completing the registration, log in to your BingX account. On the homepage, hover over the “Spot” tab in the top navigation bar and select “Spot” from the dropdown menu.​

Step 3: You will be directed to the Spot trading interface. Click on the “Asset” dropdown menu to view the list of available cryptocurrencies.​

Step 4: In the search bar, type “DOGE” and select the “DOGE/USDT” trading pair from the results.​

Step 5: The trading interface for DOGE/USDT will display, showing price charts, order books, and trading options.

Step 6: On the right-hand side, you’ll find the Buy/Sell panel where you can choose between Market and Limit orders.​

Step 7: Enter the amount of DOGE you wish to purchase in the “Total” field. You can input the specific USDT amount or use the slider to allocate a percentage of your available USDT balance.​

Step 8: Review your order details carefully. Once satisfied, click on the “Buy DOGE” button to execute your order.

Fees When Buying Dogecoin on BingX

BingX maintains a competitive fee structure, keeping costs reasonable compared to other leading exchanges. The platform applies a 0.1% fee for both makers and takers. For instance, if you purchase $100 worth of DOGE, a $0.10 trading fee will be deducted, leaving you with $99.90 worth of DOGE in your account.

How to Transfer $DOGE to a Web3 Wallet (Trustwallet)

Many users prefer transferring their tokens to a separate Web3 wallet to maintain full control over their assets. However, on-chain transactions require some technical understanding to execute correctly.

For those looking to transfer DOGE tokens to a Web3 wallet, using the native Dogecoin network is the most suitable option, as it offers the lowest transfer fees. It’s essential to choose a wallet compatible with the Dogecoin network, as it is not EVM-compatible, limiting the available options.

We will be using Trust Wallet, a well-known option recognized for its security and accessibility. First, you’ll need to enable the Dogecoin network in Trust Wallet to generate a Dogecoin wallet address. Once that’s done, follow the steps below to withdraw DOGE tokens from BingX using the Dogecoin network.

Step 1: Hover over the “Asset” icon and select “Withdraw” from the dropdown menu.

Step 2: You will be directed to the withdrawal page. Here, select “DOGE” in the “Select Currency” field.

Step 3: In the “Withdrawal Address” field, open your Web3 wallet, copy your Dogecoin “Receive” Address, and paste it here.

Step 4: Choose “Dogecoin” as the network in the “Network” field.

Step 5: Enter the amount of DOGE you want to withdraw in the “Withdrawal Amount” field.

Step 6: Carefully review all transaction details, including the amount you will receive and any applicable network fees. If everything is correct, click “Withdraw” to proceed.

Everything You Need to Know About Dogecoin

Dogecoin (DOGE) is the original memecoin, created in 2013 by Billy Markus and Jackson Palmer as a fun alternative to Bitcoin. Despite its humorous origins, it has grown into a widely recognized cryptocurrency with strong community support. Operating on its own proof-of-work blockchain, Dogecoin offers fast and low-cost transactions, making it ideal for tipping and payments. Unlike Bitcoin, it has an unlimited supply, ensuring continuous circulation.

Elon Musk has played a major role in DOGE’s popularity, frequently endorsing it on social media and integrating it into Tesla’s payment options. As one of the top US-made cryptocurrencies, Dogecoin remains a favorite among retail investors. Its accessibility and real-world use cases make it an attractive choice for those looking to buy and trade crypto.

Bottom Line

Dogecoin stands out as a fun yet widely adopted cryptocurrency with strong community backing. Its fast transactions and low fees make it ideal for tipping and everyday use. Despite its meme origins, it has carved a lasting place in the crypto market. Buying DOGE is simple, with major exchanges like BingX offering easy access. As interest in memecoins grows, Dogecoin continues to be a top choice for investors.

FAQs

1. What factors could influence the future price of Dogecoin?

Dogecoin’s price may be driven by overall market trends, community sentiment, celebrity endorsements, and broader adoption in everyday transactions.

2. How is Dogecoin used beyond trading?

Beyond being a digital asset, Dogecoin is popular for microtransactions, tipping on social media, charitable donations, and as a fun way to reward online content.

3. What distinguishes Dogecoin from other cryptocurrencies?

Its origins as a meme coin combined with a strong, enthusiastic community sets Dogecoin apart from projects that focus purely on technical innovations.

4. Can Dogecoin integrate with decentralized finance (DeFi) platforms?

Yes, although primarily known for its meme status, there are emerging efforts to integrate Dogecoin into DeFi applications for staking, lending, and liquidity pools.

5. How secure is the Dogecoin network compared to newer cryptocurrencies?

Dogecoin runs on a proof-of-work blockchain that’s been battle-tested over the years. Its security depends largely on its network hashrate and the collective efforts of its global mining community.