Dogecoin (DOGE) was one of the hottest crypto assets that rewarded its early investors greatly in the May bull run of 2021. This brought not only the attention of traders to DOGE, but also many platforms for crypto trading listed the coin. If you haven’t bought your dogecoins yet and want to do it on the biggest cryptocurrency exchange Binance, you may be wondering does Binance support Dogecoin? We took it upon ourselves to answer this question in our article, as well as other information concerning Dogecoin and Binance you should know.
If you want to purchase your DOGE on Binance, keep reading to find out more about it.
What Is Dogecoin?
Dogecoin (DOGE) is a cryptocurrency that emerged in 2013 to make fun of cryptocurrencies, Bitcoin in particular, which at the time were starting to gain popularity (see their official site). Dogecoin’s logo is a viral image of a Shiba Inu dog. The intention of DOGE’s creators, Billy Markus and Jackson Palmer, to create a joke payment system, marked the emergence of the first meme coin. Many assets of the same nature followed after DOGE became successful, Shiba Inu leading the pack, and what they all have in common, besides the joke nature, is their low and volatile price. Some of the so-called DOGE killers quickly got forgotten, but other new cryptocurrencies are trying to establish themselves, claiming to have more use cases than the first meme coin and thus be better.
As mentioned, Dogecoin came to be in 2013 but it was only in May 2021 when it really became a hot topic. Then, Dogecoin reached its highest price yet and entered the top 10 cryptocurrencies by market capitalization. This was mainly due to the Elon Musk crypto influence, as he became an outspoken DOGE supporter, the community of DOGE, and the bull run that happened around this time. Since then DOGE lovers have expressed their hope that this crypto will reach a dollar soon. Though this hasn’t happened yet, the meme coin continues to be supported by many.
When Dogecoin reached its highs, the demand for it grew and traders began looking for places to buy it. Many platforms for crypto trading listened to the people’s voices and listed the coin. The community started looking for the best place to buy Dogecoin and naturally wondered does Binance support Dogecoin. However, the biggest cryptocurrency exchange by trading volume recognized the potential of DOGE much earlier.
Does Binance Support Dogecoin?
In 2019, the exchange announced that it was listing DOGE, as well as the trading pairs it will be featured on. This means that the answer to the question “Does Binance support Dogecoin?” back in 2021 and today in 2022 is yes, it does. If you’re looking to buy Dogecoin on the biggest crypto exchange, you’ll certainly be able to do it. Binance listed DOGE sometime before other exchanges believed the coin was safe and reputable enough, meaning it saw its potential early on.
Does Binance.US support Dogecoin?
Are you familiar with the difference between Binance vs Binance.US? If not, here’s how things are: Binance stopped operating in the US in 2019 when the crypto regulations in the country started getting stricter and threatened to stop the normal work of the platform. Then Binance.US was created – an American branch of the most famous exchange that is specially created for US investors and operates, complying with the laws there.
Now that you know the answer is yes to does Binance support Dogecoin, you may be wondering does Binance.US support Dogecoin? You’ll be happy to know that, yes, Binance.US also supports DOGE. If you’re an American trader who wants to buy Dogecoin on Binance, you can’t. But you can take advantage of similar features of its American branch Binance.US and purchase DOGE there.
Does Binance Support Dogecoin – Yes, Then How to Buy It?
Now you know that not only does Binance support Dogecoin, but also the American branch of it, Binance.US also supports DOGE. That means that whether you’re residing in the US or anywhere in the world where cryptocurrencies are legally allowed for trading and Binance offers services, you can buy DOGE on Binance.
If you’re not only curious does Binance support Dogecoin, but you’re also interested in how to buy Dogecoin on the Binance exchange, here’s the process step-by-step.
- Create an account on Binance: You can do that using your email or phone number if you pick to register on the website or you can register via the Binance App. You’ll have to complete two verification stages to be able to trade without limits and after that, you can start your purchase of DOGE.
- Search for Dogecoin or DOGE on Binance and open its page
- Choose how to buy Dogecoin: After you click on Buy Crypto, you’ll be given the different options for your country. You can pay for DOGE with the fiat currencies that are available for your location, as well as with stablecoins like USDT or BUSD (which you should buy beforehand). You can also pay through different methods, including credit or debit card, bank deposit, peer-to-peer trading, or a third-party payment that Binance provides.
- Confirm your order: You have 1 minute to do this and if you fail, your order will be recalculated based on the current market price. If that happens, refresh your order to see the new amount.
- Buy dogecoins and store them on Binance: If you’ve confirmed your order – congrats, you’ve bought your DOGE tokens on Binance. Now you can take advantage of the built-in Binance wallet to store them if you don’t have a separate crypto wallet.
You now know the answers to both does Binance support Dogecoin and how to buy Dogecoin on Binance. If you want to purchase the first meme coin on the most popular crypto exchange you can totally do it and if you follow the simple steps we’ve summarized, you’ll have your DOGE tokens in no time.
Does Binance Support Dogecoin Trading?
You know that the answer to does Binance support Dogecoin is positive because you’ve already bought DOGE there? If now you’re wondering does Binance support Dogecoin trading, then yes, the answer again is positive. The platform allows you to trade your dogecoins after you’ve bought them in a number of crypto pairs.
Another useful thing to know is that if you decide you want even lower fees on Binance than the ones already, you can have them. If you use the Binance coin, BNB, to pay for your transactions on the platform, for DOGE, or any other asset, you get a discount of 25%.
Does Binance Support Dogecoin and Why Should I Buy It There?
Binance listed the first meme coin back in 2019 when it wasn’t in the spotlight. Even though DOGE has been affected by the overall negative crypto sentiment, traders still continue to show interest in it and Binance hasn’t declared any intention to remove the coin from its platform yet. That’s why in 2022 the answer to “Does Binance support Dogecoin?” is yes.
Here you learned how to buy Dogecoin on Binance but you may be wondering why you should pick exactly this exchange for your DOGE purchase. There are multiple reasons why you may choose to buy the meme coin on there after learning does Binance support Dogecoin. Some of them include the high security and liquidity of the exchange, the variety of payment methods and currencies to use to buy DOGE, and the big number of other assets for which you can trade Dogecoin. You can definitely consider Binance when you’re picking a platform to buy Dogecoin, but you should always do your own research and choose what fits your own trading needs.