How to Buy Dogecoin (DOGE) in South Africa
What is Dogecoin?
Launched on December 6, 2013, Dogecoin (DOGE) was the first-ever memecoin, inspired by the viral "Doge" meme featuring a Shiba Inu dog.
What started as a joke has grown into a major player in the cryptocurrency industry, supported by a dedicated community and widely used for tipping, donations, and transactions. Today, Dogecoin is one of the most popular digital assets globally, running on its own blockchain, which is a fork of Litecoin, itself a fork of Bitcoin.
The meme that started it all
(RIP Kabosu)
How to buy DOGE in South Africa?
One of the easiest ways to purchase Dogecoin in South Africa is through VALR, Africa’s largest cryptocurrency exchange by trade volume. VALR supports deposits in South African Rands (ZAR), which can be used to buy DOGE on the platform.
Here’s a step-by-step guide on how you can buy Dogecoin (DOGE) in South Africa using VALR:
Step 1: Log into Your VALR Account
Begin by signing into your VALR account via the website or the VALR app on your phone. If you don’t have a VALR account, you can create one here. The verification process is simple and takes just a few minutes.
Step 2: Fund Your VALR Account with ZAR
Next, deposit ZAR into your VALR account. This can be done using a South African bank account or a credit/debit card.
For bank transfers:
Navigate to your ZAR Wallet, click "Deposit," and choose the "Via EFT" method. Select your bank and use the provided VALR banking details and your unique VR reference number to transfer Rands to your VALR account. Be sure to use your unique VR reference number as the beneficiary reference when making the transaction via your bank.
For credit/debit cards:
Go to the "Deposit" menu after choosing "Wallet" and "ZAR" on the website or app, then opt for the "Via Credit or Debit Card" option. Enter your card details on the next page. Note that only 3D Secure-enabled cards are accepted, with a rolling 24-hour card limit of 10,000 ZAR.
Step 3: Place the Order
Once your ZAR has been credited to your account (instantly for card payments and around 2 business days for EFT transfers), you can use your new fiat balance to buy Dogecoin (DOGE) in South Africa. You can purchase DOGE in two ways:
1. Via Simple Buy/Sell:
Choose "Buy/Sell" on the website or in the app, then pick DOGE as the currency you want to buy. Select ZAR as the currency to pay with, specify the amount of DOGE you wish to purchase, and finalise the trade.
2. Via Pro Trading:
To trade DOGE on VALR’s Pro Trading platform, you'll need to first acquire USDT. You can either buy USDT using ZAR on VALR or deposit USDT from an external wallet directly into your VALR wallet.
Once you have USDT, select the "DOGE/USDT" Spot trading pair from the "Pro Trading" menu. Pro Trading allows you to set custom order parameters, such as the type of order (Limit, Market, Stop-Limit), the Limit price, and the time in force. After providing these details, as well as the amount of DOGE to buy, click "Place Buy Order" to complete the transaction.
If you’re ready to buy Dogecoin (DOGE) through VALR but don't have an account yet, sign up and get started in just a few minutes!
Frequently Asked Questions
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On VALR, you can buy DOGE with as little as R20 or $1, making it accessible for everyone.
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The price of Dogecoin fluctuates everyday based on market conditions. To check the current price of DOGE, you can see it here on VALR.
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Dogecoin operates on its own blockchain, the Dogecoin network, which is a fork of Litecoin.
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To start investing in Dogecoin, you need to create an account on a cryptocurrency exchange like VALR. After verifying your account, deposit ZAR into your wallet, and use those funds to purchase DOGE. You can hold onto your DOGE, trade it, or use it for transactions as you see fit.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
