How to Buy Dogecoin in Australia in 2025

If you’re based in Australia and wish to buy Dogecoin in under 5 minutes, you can now complete the process at a variety of online brokers.

The best crypto investment platforms we’ll review are fully regulated and supports debit/credit card payments, alongside charging low fees. This beginner’s guide will also explain how to buy Dogecoin in Australia step by step in screenshots. We will also discuss the advantages and disadvantages of buying Dogecoin and some risks associated with the cryptocurrency.

Where to Buy Dogecoin in Australia – A Quick Guide

The mini-walkthrough below will show you how to buy Dogecoin in Australia in less than 5 minutes with eToro. This ASIC regulated crypto brokerage is easy to use, supports all major coins, and is safe. Plus, you only need $50 to start invest in cryptos.

• Step 1: Open an account with a low-cost ASIC-regulated broker. We highly recommend creating an account on eToro. All you have to do is visit the eToro website, create an account, and get the ball rolling.
• Step 2: Once you have created your account, verify it by uploading proof of your identity and address.
• Step 3: Before purchasing Dogecoin, you should fund your account. Several exchanges support several payment modes, including credit cards, debit cards, bank wire transfers, and e-wallets.
• Step 4: You can begin trading once you have funded your account. Use the platform’s search function to find the Dogecoin asset to buy.
• Step 5: Once you find DOGE, enter the required details in the order box and click the “Open Trade” button.

Where to Buy Dogecoin in Australia – Best Trading Platforms

To help you find the best crypto trading platform to buy Dogecoin, we have vetted these crypto exchanges in Australia and considered a number of factors – including the cost of trading, ease of use, liquidity, crypto library, and customer support.

1. eToro

The first platform in our guide on where to buy Dogecoin in Australia is eToro. The popular platform is regulated by ASIC in Australia, the SEC in the US, CySEC in Europe, and the FCA in the UK. This is why it is widely regarded as one of the most secure trading platforms, offering a safe way to purchase Dogecoin.

Additionally, eToro is one of the most inexpensive platforms for investing in crypto. Users on the platform only pay a variable 1% fee in addition to the market spread. When users deposit Australian Dollars using one of eToro’s supported payment modes, they only pay a fee of 0.5%. Withdrawals from the platform are charged $5, making it an excellent choice for traders on a budget.

Cryptocurrencies Supported

eToro supports several major cryptocurrencies in addition to Dogecoin. These include Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), EOS, Litecoin (LTC), and several others. Users on the platform can also invest in stocks, indices, ETFs, and index funds.

Fees on eToro

Fees on eToro are relatively easy to understand since the platform uses a flat fee structure, charging a fee of 1% on all crypto trades. So, if you purchase DOGE on eToro, you only pay a 1% fee. There is also no additional fee for holding their assets overnight. The platform’s minimum deposit requirement is a reasonable $10, allowing traders to invest without breaking the bank.

Payment Modes

eToro supports various payment modes, including debit cards, credit cards, bank wire transfers, and e-wallets. All deposits made using debit and credit cards are processed instantly. Withdrawals are also processed instantly but take a few days to be credited into the recipient’s bank account.

eToro Features

eToro offers users a number of unique features, such as Copy Trading, Smart Portfolios, and Social Trading.

Copy Trading

Copy Trading allows users on eToro to mirror the trades of professional traders and earn a passive income. Users can take advantage of successful trades made by professionals and earn an income without worrying about extensive research when investing. However, users must remember that only some trades will be successful. While most of the trades will be profitable, there is always the potential for significant losses.

Social Trading

Social Trading allows eToro traders to interact directly with one another. They can view and discuss trades, discuss significant market developments, and like or leave comments on other traders’ activities.

Smart Portfolios

Smart Portfolios allows traders to invest in portfolios chosen by the eToro team. These portfolios are managed by the eToro team, meaning all users have to do is invest and leave the rest to eToro.

Pros & Cons of eToro

2. Binance

The next platform in our list to buy Dogecoin in Australia is Binance. It is the world’s largest crypto trading platform by trading volume, offering traders low fees and high liquidity. The platform offers traders hundreds of cryptocurrencies, including Dogecoin.

It was founded in 2017 by Changpeng Zhao and was originally based in China. The platform also allows users to access crypto loans, options, futures, and even metaverse coins.

Users on Binance can also access a dedicated mobile app that lets them trade on the go. However, the platform’s user interface is quite complex, and new users must undergo a steep learning curve.

Fees

Fees on Binance are extremely low compared to most Dogecoin trading platforms. The platform utilizes a maker/taker fee structure based on trading volume and BNB coin balance. Users can get further discounts by using referral bonuses, BNB coin for trading, or accessing Binance’s VIP tier.

Security

Security on Binance is at par with a majority of crypto trading platforms. The platform uses two-factor authentication to secure user accounts. When users want to sign in, they are sent a unique code that they must enter before logging in. It also uses other security measures like address whitelisting and device management. However, users must remember that Binance has had several run-ins with regulators in several jurisdictions. The platform recently paid a record fine to the SEC, and CEO Changpeg Zhao was forced to step down as part of a deal with the SEC, pending a trial in the United States of America.

Cryptocurrencies Available

Binance supports hundreds of cryptocurrencies other than Dogecoin. Some of the major cryptocurrencies available on Binance in Australia are:

• Dogecoin (DOGE)
• Polygon (MATIC)
• VeChain (VET)
• VeThor Token (VTHO)
• Harmony (ONE)
• Ethereum (ETH)
• Cosmos (ATOM)
• Dash (DASH)
• Compound (COMP)
• Litecoin (LTC)
• Cardano (ADA)
• Stellar Lumens (XML)
• Solana (SOL)
• Uniswap (UNI)
• SushiSwap (SUSHI)

Binance users can also access all major fiat currencies on the platform, including EUR, USD, GBP, AUD, INR, HKD, and many others.

Trading Experience on Binance

Binance offers users real-time charting tools, security tools, spot trading tools, and more. The platform can be accessed through its website, mobile app, or desktop app. Once logged in, users can begin trading, view order books and price charts, access their portfolio, and view their trade history.

Users can also access order types such as stop orders, limit orders, stop-limit orders, and stop-market orders. They can also access multiple trading views, including Margin, Classic, and OTC.

3. Crypto.com

Crypto.com is an excellent choice for long-term investors who want to create a diversified portfolio. The platform gives users access to over 250 cryptocurrencies including Dogecoin. This exhaustive list includes large and medium-cap projects, DeFi tokens, and upcoming ERC-20 tokens. If you want to purchase cryptocurrencies apart from Dogecoin, Crypto.com should be your first choice.

The platform also offers crypto savings accounts, allowing users to earn interest on their assets, including Dogecoin. The APY depends on several variables. The highest interest rates are paid on crypto interest accounts with a 3-month lock-in period. The platform also offers 1-month and flexible accounts for users who don’t want to lock their assets for an extended period. However, these accounts pay lower interest. Users can also use the platform’s native CRO tokens to access higher yields.

Apart from cryptocurrencies, Crypto.com also offers a crypto debit card, a crypto wallet, a DEX, and an NFT marketplace. The platform also offers staking services, allowing users to earn up to 14.5% interest.

Fees

Fees on Crypto.com are relatively easy to understand. Users pay a 0.075% fee on trades with a monthly trading volume of less than $250,000. Trading fees on the platform are at par with those on other trading platforms. High-volume traders are eligible for fees as low as 0 as a maker and 0.05% as a taker without CRO staking. Users are eligible for discounted fees if they hold at least 1000 CRO tokens in their wallet.

Cryptocurrencies Offered

Crypto.com supports over 250 major cryptocurrencies including Dogecoin. Some of the major assets on offer are:

• Bitcoin (BTC)
• Ethereum (ETH)
• Dogecoin (DOGE)
• Cardano (ADA)
• Polkadot (DOT)
• Solana (SOL)
• Chainlink (LINK)
• Shiba Inu (SHIB)
• Bitcoin Cash (BCH)
• Stellar (XLM)
• Litecoin (LTC)

Pros & Cons of Crypto.com

4. Kraken

The Kraken platform is one of the world’s oldest trading platforms, offering users over 220 major cryptocurrencies, including Dogecoin. Founded in San Francisco in 2011, Kraken has a presence in over 190 countries and supports both individual and institutional investors. Users on Kraken can access two distinct platforms: Kraken and Kraken Pro. The main Kraken platform is ideal for beginners, while Kraken Pro is ideal for advanced traders.

As mentioned earlier, the main Kraken platform is excellent for beginners. Traders can quickly verify their accounts and start trading by purchasing crypto using their linked bank account. This means users don’t have to fund their trading account before getting started. Users can access Kraken Pro through a web browser or smartphone. Kraken’s offering for advanced traders, Kraken Pro, allows traders to access detailed asset information, active charts, and access to open orders.

Security on Kraken

Kraken encourages users to be proactive when it comes to account security. It recommends two-factor authentication once users have created their trading account. This ensures that your account is protected from illegal breaches. Users can also set different codes for different actions such as signing in, trades, and withdrawals. Users can also lock their accounts if they feel it has been compromised.

Fees

All trades on Kraken are subject to a spread fee. This fee applies to both the Kraken and Kraken Pro platforms. Kraken levies a percentage fee on the transaction along with a spread on the primary trading platform. Transaction fees are displayed during the trade so that users are fully aware of the applicable fees. Any additional fee on the trade usually depends on the funding method.

Kraken Pro’s fees are significantly lower and based on the trading volume over the past 30 days. All trades on Kraken Pro are subject to a 0.26% taker fee and a 0.16% maker fee.

Cryptocurrencies Available

Kraken offers users every major cryptocurrency, including Dogecoin. Some of the prominent cryptocurrencies available on the platform include:

• Bitcoin (BTC)
• Ethereum (ETH)
• Litecoin (LTC)
• Polygon (MATIC)
• Solana (SOL)
• Cardano (ADA)
• Dogecoin (DOGE)
• Polkadot (DOT)
• Uniswap (UNI)
• Sushiswap (SUSHI)
• Tether (USDT)
• USD Coin (USDC)

What is A Meme Coin?

Before discussing Dogecoin, we must understand the term “meme coin.” Meme coins are cryptocurrencies named after characters, individuals, artwork, animals, or other pop culture references. They are generally supported by an enthusiastic community of online traders and followers and intended to be a light-hearted take on the crypto ecosystem.

While such coins are highly entertaining for their community, they are highly risky investments because they hold little or no intrinsic value. Popular meme coins include Dogecoin, Shiba Inu, and many others. When investing in a meme coin, you must understand its associated risks.

Such coins are purely trading instruments with no other utility tied to them. For example, ETH can be used to pay validators for their contribution to verifying Ethereum network transactions. Major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), Cardano (ADA), Ripple (XRP), Polygon (MATIC), and Polkadot (DOT) are not considered meme coins.

What is Dogecoin?

Dogecoin is a meme token created as a light-hearted alternative to traditional cryptocurrencies such as Bitcoin and Ethereum. Both its name and its logo are based on the Shiba Inu meme. Launched in 2013, Dogecoin uses the same underlying technology that powers cryptocurrencies like Litecoin.

One notable feature of the cryptocurrency is the use of the Scrypt algorithm, its low price and unlimited supply. In fact, Dogecoin is not meant to be scarce, with 10,000 new coins mined every minute.

For much of its existence, Dogecoin was considered a simple meme coin with little value. However, this perception changed in 2021 when it became one of the ten largest cryptocurrencies by market capitalization, which surged above $50 billion. Despite this staggering increase, the price of Dogecoin remained low, thanks to its unlimited supply. Currently, there are 143.5 billion DOGE in circulation, with miners producing 10,000 new coins every minute. Compare this with Bitcoin, which has a supply limit of 21 million, and only 12.5 BTC are mined every ten minutes or so.

This abundance plays a key role in Dogecoin’s popularity. It was created as a funny, low-stakes, no-frills Bitcoin alternative, not something intended to have value and become a serious trading asset. Following its launch, Dogecoin attracted a dedicated community that boosted its adoption. The cryptocurrency also found use as a tipping currency on social media platforms such as Reddit.

What is Dogecoin Used for?

As mentioned earlier, Dogecoin uses a Proof-of-Work consensus mechanism, using blockchain technology to record transactions on its network and cryptographic techniques to secure all transactions. Dogecoin has the potential to become a variable mode of payment and purchases. However, it is not a good store of value because of its unlimited supply, which makes Dogecoin inflationary. The cryptocurrency is currently trading at $0.14, and while it remains one of the most popular cryptocurrencies in the market, its unlimited supply means its price always remains on the lower side. However, many supporters of the cryptocurrency believe it can cross $1 in the next few years.

Should you Buy Dogecoin?

Like other cryptocurrencies, Dogecoin is a highly speculative asset with its fair share of risks. It is subject to wild price swings, meaning while you could make a significant profit if you time your exit, you can also make devastating losses on your investments. This is why you must spend time researching the pros and cons of investing in Dogecoin and other cryptocurrencies before investing your hard-earned money.

Risks of Buying Dogecoin

In the section above, we discussed whether Dogecoin is a good investment and touched upon its risks. In this section, we will elaborate on some of those risks.

Wallet Hacks & Loss Of Keys

Asset security is extremely important in the crypto space. Once you purchase Dogecoin, you must transfer it to a dedicated crypto wallet for added security. There are several types of wallets that you can choose from. These include mobile wallets, desktop wallets, and hardware wallets. Out of all available wallets, cold wallets are considered to be the most secure. However, irrespective of the wallets you choose, you must be aware of the risks involved.

• Hackers can hack your Dogecoin wallet remotely and steal your funds.
• If you lose your private keys and backup passphrase for your wallet, you will likely lose your Dogecoin forever.

Alternatively, you can store your funds on a platform such as eToro, which is highly convenient and secure.

Market Decline Concerns

Another risk when investing in cryptocurrencies such as Dogecoin is the risk of market decline. Since reaching its all-time high in 2021, Dogecoin has lost significant value. In 2021, Dogecoin breached $0.74, with some optimistic the asset could hit $1. However, since then, the meme coin has registered a stunning decline and currently trades between $0.10 and $0.15. This decline also indicates the high price fluctuations witnessed by the crypto space.

Volatility

Cryptocurrencies, including Dogecoin, are notoriously volatile. It isn’t surprising to read that a cryptocurrency registered gains or losses of over 20% within a matter of hours. Unless you have an appetite for high levels of volatility, you must avoid investing in cryptocurrencies such as Dogecoin.

Benefits of Buying Dogecoin

Despite the risks, there are several benefits in buying Dogecoin. Let’s look at some of them.

Historically High Returns

Dogecoin has registered significant growth since its launch in 2013. However, traders must remember that much of this success came in 2021 when Musk stated that he owned DOGE himself, sending the value of the asset soaring. How staggering was this growth in value? At the beginning of 2021, the value of DOGE was $0.01. However, just five months later, the Elon Musk-related hype drove the price to $0.74. This staggering increase of over 1000% is one of the main reasons Dogecoin is so popular among investors.

Cheaper, Faster Transactions

Many, including Elon Musk, believe Dogecoin is much more suited to be a global payment network than Bitcoin. This view is with good reason because Dogecoin is both faster and cheaper than Bitcoin when it comes to transactions. Bitcoin transactions often cost several dollars, while those on Dogecoin are significantly cheaper, costing less than $1.

Dogecoin also trumps Bitcoin when it comes to speed. Bitcoin requires around ten minutes to validate a transaction, while Dogecoin requires only a minute.

Low Entry Barrier

Dogecoin allows traders to access the crypto market by risking only a modest amount of capital. This is because Dogecoin has never traded at a price higher than $1. Compare this with Bitcoin. Currently, the price of one Bitcoin is a staggering $67,600. Since its all-time high, Dogecoin has struggled to move past $0.15. Today, an investment of $100 in Dogecoin will get you several hundred DOGE tokens.

The Elon Musk Factor

One of the main reasons behind Dogecoin’s incredible run in 2021 was Elon Musk. Musk announced in 2021 that apart from Bitcoin and Ethereum, he also held a significant allocation of Dogecoin, sending the market into an absolute frenzy. He also promoted the project in various TV interviews and other appearances. His interest and endorsement of Dogecoin have given the cryptocurrency significant popularity and legitimacy.

Next Bull Run

Dogecoin hit its all-time high of $0.74 in 2021. Since then, its value has significantly declined, often struggling to move past $0.15. This decline can be attributed to the bearish sentiment prevailing in the crypto markets. However, with the markets now registering a strong recovery, we could see Dogecoin embark on another bull run similar to that of 2021.

Also Read: Dogecoin Price Prediction and Forecasts

Ways of Buying Dogecoin

In this section of our guide on where to buy Dogecoin in Australia, we will examine supported payment options. There are several payment modes through which you can purchase Dogecoin. Let’s examine some of them below.

Credit Card/Debit Card

You can purchase Dogecoin in Australia using a credit or debit card. This process allows you to complete the purchase of the cryptocurrency within minutes. Crypto trading platforms like eToro allow traders to open an account in minutes. Once you enter your credit or debit card details, payments can be processed almost instantly.

However, while buying Dogecoin is quick and easy, you must be aware of the fees associated with credit and debit card purchases. Depositing funds on eToro will only cost 0.5%, while other platforms, such as Coinbase, will charge 3.99% for the same transaction.

Other Payment Options

Credit and debit cards are just two payment options for buying Dogecoin. eToro and other crypto trading platforms support several other payment modes, including direct bank transfers and e-wallets such as PayPal, Skrill, and Neteller.

Best Way to Buy Dogecoin in Australia

A crypto exchange is one of many ways to acquire Dogecoin. If you prefer not to use an exchange, you can purchase Dogecoin via a crypto broker. Let’s examine each method in more detail.

Crypto Exchange

A crypto exchange or crypto trading platform allows you to buy, sell, and trade Dogecoin online. Let’s understand how with an example. Let’s assume you want to invest $1000 and purchase Dogecoin. For the order to go through, another user on the platform would need to sell $1000 worth of Dogecoin.

A crypto exchange typically uses traditional order books to match orders. If the platform has insufficient liquidity, you may be forced to sell your Dogecoin at an unfavorable price. However, most crypto trading platforms have sufficient liquidity, so such a situation rarely arises.

Crypto Broker

The second option is purchasing Dogecoin via a crypto broker such as eToro. Crypto brokers allow you to purchase Dogecoin and other cryptocurrencies in a safe, regulated, and licensed ecosystem. Unlike crypto exchanges, crypto brokers don’t require you to trade with other market participants. Instead, you can purchase Dogecoin or any other cryptocurrency from the broker.

This allows you to invest in Dogecoin or any other cryptocurrency smoothly and hassle-free.

How to Buy Dogecoin in Australia Safely?

People are generally wary of purchasing cryptocurrencies online due to a false narrative of them being associated with fraud and crime. People are also wary about purchasing cryptocurrencies online. However, you can easily purchase Dogecoin or any other cryptocurrency safely. Here are some pointers that you can follow:

Wallet Security

When purchasing Dogecoin, you must learn about wallet storage and security. When using a wallet, you must store your private keys and backup passphrase securely. Losing these would mean losing access to all the assets in your crypto wallet. It is best to purchase Dogecoin with an ASIC-registered broker like eToro. You can store your assets with eToro, which means you won’t have to worry about wallet security.

Use An ASIC-Registered Broker

As we mentioned above, the best way to ensure the safety of your Dogecoin is by purchasing it through an ASIC-registered and regulated broker. ASIC is the primary regulatory authority for the Australian markets and does not dole out licenses on a platter. Applicants must meet a set of stringent criteria before they are granted an operating license. We highly recommend buying Dogecoin via eToro.

Avoid P2P Transfers

Sometimes, you may be tempted to buy Dogecoin from a peer-to-peer exchange. While these can be used, such platforms are extremely risky. This is because you purchase Dogecoin directly from a seller without any third party acting as an intermediary. The main risk is that after you transfer the funds to the seller to purchase Dogecoin, there is no guarantee that you will receive your purchase. The seller could abscond with the funds without transferring your assets.

How to Buy Dogecoin in Australia – Detailed Steps

In this section, we walk you through the process of buying your Dogecoin in Australia on the eToro exchange.

Step 1: Open an Account

The first step is to open an account on eToro. To do so, go to the eToro website, click on the “Join Now” button, and fill out the registration form. You must provide eToro with your name, address, telephone number, and tax identification number. You must also provide your email address, create a strong password, and choose a username.

Step 2: Complete KYC Process

The KYC process on eToro can be completed in minutes. To complete the process, users must submit the following documents:

• A copy of your driving license or passport is required as proof of identity.
• A bank statement, utility bill, or any other government-approved document for proof of residency.

Step 3: Deposit Funds

Now that you have completed the KYC process, you can deposit funds into your eToro account through a number of payment modes. These include debit cards, credit cards, bank wire transfers, or e-wallets such as PayPal and Skrill. The minimum deposit on eToro is $50, and all payment methods attract a fee of 0.5%.

Step 4: Find Dogecoin

Next, you must use the search function on eToro’s website to find Dogecoin. When you find Dogecoin, click on the “Trade” button, as shown in the image below.

Step 5: Buy Dogecoin

The last step is to purchase Dogecoin. To do so, you need only specify how much money you want to invest. In our example, we are investing $10. Once you enter the amount, click “Open Trade” to initiate the purchase.

How to Sell Dogecoin in Australia?

Once you purchase Dogecoin, you can do one of two things. You can either choose to hold on to your assets or sell them for a profit. Let’s assume you decide to sell them. How would you go about doing this?

To sell your Dogecoin on eToro, log in to your trading account and head to your portfolio section. Search for Dogecoin and close the existing trade. Once you confirm your action, your Dogecoin will be sold for cash that can be reinvested into other assets. Alternatively, you can withdraw the funds and take your profit.

Conclusion

That wraps up our guide on where to buy Dogecoin in Australia. This guide has simplified how you can buy Dogecoin in Australia in a low-cost manner. The guide also walked you through the entire investment process with ASIC-registered brokers like eToro.

eToro allows users to purchase Dogecoin in a secure, regulated environment. Fees on the platform are highly competitive, and it supports several payment modes, such as debit cards, credit cards, bank wire transfers, and e-wallets.