How to buy Dogecoin in 5 easy steps in 5 easy hours.
USA Residents: Your state might suck, and these steps likely won't work for you. Skip to my edits at the bottom for another option or try a different guide.
Step 1: Create a wallet on Dogechain.info
Step 2: Go to Changelly.com/buy and make an account there. Get your ID ready and be prepared to wait up to 5-6 hours for your first transaction to go through. Some folks have asked me to include a Referral Code, so click here to go directly to Changelly through me, thanks!
If you don't want to use Changelly, give NDAX a try, they are based in Canada instead of Europe. I have used both with no issues, but no company has a perfect record.
Step 3: Select the currency you are using to buy Doge, and select Doge in the dropdown menu. You will see a list of transactions you can make at the current price. Pick one and get ready to register at the payment company with ID. Enter your wallet code as the Destination for the coin.
Step 4: Don't panic about FOMO while you wait for MoonPay or Banxa or Simplex or Coinify or Indacoin or whoever to process your transaction. Send clear pictures of your drivers license or passport or other ID when prompted.
Step 5: When you get an email that your Doge is on the way, YOU MAY HAVE TO WAIT A FEW HOURS, DON'T WORRY. Then go back to your wallet and create a paper backup of your wallet. Write down your wallet number and various passwords, on at least 3 or 4 different papers and stick one in last years tax return forms, and one on the fridge, and mail one to yourself with a stamp. Take a few pictures of it on your phone, and save a couple screenshots on a couple different computers. Basically never ever ever lose your passwords or wallet info, or you will literally lose all your money. The coins don't get stored on Changelly. Changelly is just for the purchase. Your wallet has the coins and that's where they live now, there's no company controlling them, just you
(optional) Step 6: Decide if you want to find a permanent wallet home that isn't Dogechain.info. If you do, follow their instructions and transfer your coin from wallet to wallet, and then repeat Step 5.
BONUS Step 7: Be aware of your local tax laws! Don't get surprised or screwed over. Canada's rules on crypto may mean you have to declare earnings as if you were working a job as a day-trader. Check out this link for the Canadian rules for filing your taxes when they include crypto. https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html
CHECK YOUR FRAUD SETTINGS WITH YOUR BANK: I am in Canada, it was that easy. TD Bank texted me worried the transaction was fraudulent, and I just texted back that it was me, and my account was allowed to make the purchase. I DID HAVE TO REMOVE MY CARD FROM THE PAYMENT LIST AND RE-ADD IT FROM SCRATCH TO GET THEIR SYSTEM TO REFRESH.
HERE ARE USA-BASED INSTRUCTIONS FROM HELPFUL REDDITORS!
u/Chief-Swellington - Hey Iβm in a restrictive state in the US and the only way I found that worked was to buy XMR or BTC on localmonero.co and then transfer that to hotbit.io and trade for USDT, which I could then trade for DOGE on the platform. Please keep spreading the good word! ππππ
u/LenzezLaw - I was able to purchase bitcoin with cash app, make a kraken account, then send the bitcoin to kraken and convert it to Doge. Took about an hour's time with all the verification throughout.
UPDATE FEB 6 DISCLAIMER REGARDING CHANGELLY (While many people have followed this guide with no issues, on the r/changelly subreddit you can see various complaints about missing funds or slow transfers. Their site says if your verification or transaction takes a long time to contact their customer service. Refunds may take up to 10 days to process (some complaints are panicking after a much shorter timeframe). Also they have posted an apology here for some issues dating back to Jan 28/29 which may now be resolved. Please be careful with your money on any exchange site especially ones not based in your home country. If you don't want to use Changelly, give NDAX a try, they are based in Canada instead of Europe.)
Posted Jan 29, 2021, 8:44 AM UTC Β· edited