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Buying Dogecoin on Robinhood is fast and beginner-friendly, especially if you're already using the app for stocks. Here's a complete guide with tips, fees, and step-by-step help.
How to Buy Dogecoin on Robinhood, Step-by-Step
Buying Dogecoin on Robinhood is straightforward and can be done entirely through the app. You don’t need a separate crypto wallet, and you can start with as little as $1.
Step 1: Log In and Fund Your Robinhood Account
If you already use Robinhood for stocks, getting started with Dogecoin is quick. You just need to access the crypto tab and make sure your account is funded.
Ensure Crypto Trading Is Enabled: Head to your settings and confirm that crypto trading is active. You may need to accept additional terms if you haven’t used it before.
Link Your Bank Account: Connect your checking account using Plaid or manually input your routing and account numbers for deposits.
Deposit and Access Funds Instantly: Robinhood allows you to use a portion of your deposit (typically up to $1,000) instantly, so you don’t have to wait to buy DOGE.
This step is seamless for most users, especially if you’ve already verified your identity and enabled two-factor authentication (2FA).
Step 2: Search for Dogecoin (DOGE) and Place Your Order
Once your funds are available, you can easily find Dogecoin through the app's search function. Robinhood displays real-time charts and a simple buy interface.
Use the search bar: Type “Dogecoin” or “DOGE” and tap the result to open its trading screen.
Review real-time data: You’ll see price charts, analyst info, and market cap details to inform your decision.
Tap ‘Buy’: Choose how much to invest — either by dollar amount or number of DOGE coins.
Robinhood only supports market orders for Dogecoin, meaning you'll buy at the current price. There are no advanced order types like limit or stop orders for crypto on the platform as of 2025.
Step 3: Monitor and Manage Your Position
After buying, you’ll want to track your Dogecoin investment and understand your options. Robinhood offers basic portfolio tools, but with limitations.
Track price movements: Use the charting feature to follow Dogecoin’s price trends throughout the day or over time.
View your holdings: Navigate to your portfolio to see the total DOGE value and any unrealized gains or losses.
Set price alerts: Robinhood lets you set notifications for price changes, which helps manage your strategy even without active trading.
While Robinhood doesn’t yet allow crypto transfers to external wallets, you can still hold or sell your DOGE within the platform.
For long-term storage or advanced features, consider transferring to a crypto-specific platform in the future.
- The Smart Investor Tip
Set price alerts for DOGE so you’re notified of big moves even when you’re not checking the app.
Things To Consider Before Buying Dogecoin on Robinhood
Before you buy Dogecoin on Robinhood, it’s important to weigh key limitations and factors that can affect your investment experience and strategy.
You Can’t Transfer DOGE Out: Robinhood currently does not allow users to send Dogecoin to external wallets, which limits flexibility for long-term holders.
No Crypto-Specific Tools: The platform lacks advanced crypto features like staking or DeFi integration, making it more suitable for passive investors.
Simplified Trading Only: You can only place market orders — there are no limit or stop orders available for crypto purchases on Robinhood.
Tax Tracking May Be Limited: Unlike platforms with built-in crypto tax reports, Robinhood’s reporting tools are designed more for stocks than crypto transactions.
As a result, Robinhood is best for casual Dogecoin buyers, but may not suit serious crypto users. If you plan to actively manage or transfer your DOGE, consider this carefully.
How to Transfer Dogecoin Out of Robinhood?
Robinhood only recently started enabling crypto transfers, but Dogecoin support is still limited.
If supported in your account, you can withdraw DOGE to an external wallet by verifying your identity, enabling two-factor authentication, and entering the wallet address.
Alternative Platforms to Buy Dogecoin
If Robinhood feels too limited, other platforms offer more robust crypto tools and wallet flexibility for DOGE buyers.
Coinbase: Beginner-friendly with full wallet support, DOGE transfers, and built-in educational content. Great for first-time crypto users.
Binance.US: Offers low fees and advanced tools, including charting, order types, and wallet integration for traders who want more control.
Kraken: Known for strong security and DOGE staking (in some cases), ideal for more experienced investors.
eToro: Combines social trading features with crypto access, allowing you to buy Dogecoin while following top investors’ strategies.
Each of these platforms supports DOGE withdrawals and often offers more control over how assets are stored and managed.
Platform | Coins | Spot Trading Fee | Best For | Crypto.com | +350 | 0.075%
For both maker and taker orders. The more you trade, the lower the fees – can decrease to as low as 0% – 0.050%. Holding and staking CRO tokens, Crypto.com native token, unlocks additional fee discounts. | All-in-One Crypto Services |
|---|---|---|---|
Kraken | +300 | 0.40% – 0.25%
0.40% for taker trades and 0.25% for maker trades. The more you trade, the lower the fees – can decrease to as low as 0% – 0.10%. Using GT tokens to pay trading fees offers a 10% discount | Advanced Traders |
Coinbase | +250 | $0.99 – 2.00% (Standard), 0.05% – 0.60% (Advanced Trade)
For transactions above $200 (standard account): 1.49% fee for using a bank account or USD wallet, 3.99% fee for using a debit or credit card. For Coinbase Advanced Trade: 0.60% for taker trades and 0.40% for maker trades. The more you trade, the lower the fees – can decrease to as low as 0% – 0.05%. | Beginners |
Gemini | +150 | $0.99 – 1.49% (Web & Mobile), 0.20% – 0.40% (Active Trader)
For Gemini’s website or mobile app users are charged 0.50% convenience fee For Active Trader, 0.40% for taker trades and 0.20% for maker trades. The more you trade, the lower the fees – can decrease to as low as 0% – 0.03%. | Compliance & Regulation |
Robinhood | +20 | $0 | Fee-Free Trading |
MEXC | +2,300 | 0% – 0.10%
0.00% for taker trades and 0.10% for maker trades. | Low Fee |
FAQ
No, you must link a bank account to fund your Robinhood account, as credit cards and PayPal aren’t supported.
You can buy as little as $1 worth of Dogecoin, but the exact amount of DOGE you get depends on the current market price.
Robinhood uses industry-standard security, but since they hold your DOGE for you, you don’t control the private keys.
Dogecoin withdrawals are limited and still being rolled out, so not all users have access to DOGE wallet transfers yet.
There are no commission fees, but Robinhood applies a spread between buy and sell prices, which acts as a hidden cost.
Yes, Robinhood allows users to create custom price alerts so they can monitor DOGE price swings in real time.
Robinhood offers instant access to up to $1,000 of your deposit, so you can buy DOGE almost immediately after funding.
Yes, Robinhood supports recurring investments for crypto, letting you automate your Dogecoin purchases daily, weekly, or monthly.
Most states support crypto trading, but a few have restrictions. Always check Robinhood’s crypto availability by state.
Not directly. You won’t receive a Dogecoin wallet address unless Robinhood’s wallet feature is enabled for your account.
