How to Buy Dogecoin (DOGE) on Bybit?

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Dogecoin (DOGE) first came into circulation in December 2013 and is known as an altcoin with a logo of the Shiba Inu dog. The technology of Dogecoin is derived from Litecoin and it made its way to the headlines. In 2017, DOGE was in the run with other cryptocurrencies and grew in value significantly. Dogecoin was introduced as a meme coin and was considered a fun version of Bitcoin.
Many cryptocurrency fanatics are curious about how to purchase Dogecoin (DOGE). Bybit is an excellent place to buy Dogecoin. The Traders Union has prepared this step-by-step guide for buying Dogecoin on Bybit. A brief Dogecoin (DOGE) profile is included below.

Does Bybit offer Dogecoin trading?

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As Bybit offers many international crypto pairs, it also provides several methods to trade them. Likewise, if you want to trade Dogecoin, you have to sign up for a new account and click on Buy Crypto, and then you can trade Dogecoin using the P2P trading system.
Dogecoin is a highly traded internet currency similar to Bitcoin and Ethereum. The coding of Dogecoin is created the same as a divergence of Litecoin. On both the spot and futures markets, Bybit provides a large variety of trading pairs. On the trading site of Bybit, you may trade DOGE for more than 100 digital currencies.

How to buy Dogecoin on Bybit?

To help you purchase Dogecoin on Bybit, the Traders Union has put together this step-by-step tutorial. Please follow these steps very carefully.

Opening an account

First, open an account on Bybit. To do that, visit the website and sign up for a new account.

Opening an account

Account verification

After successfully signing up, you need to verify your account. Your registered email address will receive an email. The identification data needs to be verified.

Bybit dashboard

Once you verify, you will be directed to the dashboard where you need to click the Buy Crypto button and select One-Click Buy in the flip-down menu.

Bybit dashboard

USDT purchases

Here you must buy USDT with the desired fiat currency. If you buy using a credit card, the single transaction limit is $10 to $10,000, so you can choose from among these values.

USDT purchases

KYC verification

Once you select the preferred payment channel and proceed, you must verify the payment through KYC. It is a mandatory step in verifying identity. In KYC verification, users must submit proof of identity such as an ID card or passport.

KYC verification

Buying Dogecoin

After successfully getting your hands on stablecoin, you can easily buy DOGE through Bybit Spot/Derivatives.

Dogecoin price prediction – DOGE price 2024, 2025, 2030

How to withdraw Dogecoin (DOGE) from Bybit?

If you want to withdraw Dogecoin from Bybit, follow the steps given below:

Step 1

To withdraw your Dogecoin to another wallet or exchange, just click Assets on the top right corner of the dashboard. You will see a drop-down menu. From there, click on Spot.

Step 1

Step 2

When you click on Spot, a page will appear in which you will notice a withdrawal button on the right side under action for each cryptocurrency. Also, the withdrawal button appears in the top right corner.
You will have your Dogecoin in your spot wallet to withdraw it to another wallet address or exchange and if your coins are in your derivatives account, you will have to transfer them.

Step 2

Step 3

Now, you will get a pop-up window by using the withdrawal button beside the cryptocurrency you wish to withdraw. Click on the search button to select Dogecoin from the drop-down menu.
Then you will add a wallet address by clicking on the Add Wallet button. A new page will open where you can add your wallet address by clicking on Add. Make sure you are adding the correct wallet address.

Step 3

Step 4

Select the chain type. If you are withdrawing Dogecoin, the chain type should be the same. If you use the newly saved wallet address for withdrawals, it will take 24 hours to approve your request. So don't panic if you don't get your coin straight away. Click again on the Withdrawal button and you will see a pop-up menu where you may select the amount you want to withdraw.

Step 4
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Bybit alternatives

In regards to purchasing Dogecoin, Bybit offers first-rate services; however, alternatives to Bybit, are:

Binance

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Binance is a superior substitute for Bybit. Binance provides hundreds of cryptocurrencies, including Dogecoin, with minimal fees and extensive charting options (DOGE). In addition, crypto traders can trade fiat currency.
The one issue that many traders have with Binance is the abundance of information contained in a single application that can be very confusing.

Binance vs Bybit: Fees, Coins, Safety Comparison

Huobi Global

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Your capital is at risk.

Houbi Global is a fantastic substitute for Bybit. Compared to Binance, Houbi Global offers meager costs and is user-friendly. In addition, you don't have to worry about anything because Houbi Global provides customer service around-the-clock.
Houbi Global's shortcomings are that it is unregulated and offers exclusive crypto assets for trade.

FAQ

Is Bybit a secure platform?

According to an evaluation of Bybit, it is one of the best cryptocurrency exchanges worldwide and has a dynamic, effective, and feature-rich derivatives trading platform for cryptocurrencies. In addition, Bybit is secure, reliable, and open.

Is Bybit a superior option to Binance?

Comparing the overall scores of the Binance and Bybit cryptocurrency exchanges, it is clear that Binance has a better score of 9.8, while Bybit has a score of 7.5. Furthermore, when comparing ease of use, it is evident that Binance provides a superior and more streamlined user experience than Bybit.

Is Bybit available to US citizens?

US nationals are typically prohibited from using Bybit. The site decided to bar American traders because of the ambiguous US crypto regulations.

Does Bybit require a VPN?

You'll need a VPN to use Bybit usually. You can connect to a server in a nation where Bybit is accessible by using a Virtual Private Network (VPN). You'll get a new temporary IP address as a response, causing it to appear as though you're accessing Bybit from a different location.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!