Buying cryptocurrency in Singapore online is easy with a global platform like Changelly. We are a popular cryptocurrency exchange with high-end security features. You can buy Bitcoin and other currencies with fiat currency at the lowest fees in the market. With us, you can trade DOGE and earn interest without paying hefty transaction fees and trading fees.
We’ve prepared a short and simple guide on how to buy Dogecoin in Singapore on Changelly for crypto newbies so that they can start trading, buy their first cryptocurrency, and handle their personal finance well.
If you have other cryptocurrencies like BTC or ETH in your crypto wallet, exchange or trade them for DOGE. Sell Bitcoin for Dogecoin on Changelly fast and securely.
What is Dogecoin?
Dogecoin is a meme cryptocurrency created by software programmers Billy Markus and Jackson Palmer, who wanted to establish a payment system free of typical banking fees. DOGE began as a joke; however, it is now one of the most widely traded cryptocurrencies on crypto exchanges.
Is Dogecoin legal in Singapore?
Trading DOGE, as well as many other cryptocurrencies, is legal in Singapore. With the adoption of the Payment Services Act, an operating framework within which the market regulator MAS (Monetary Authority of Singapore) regulates cryptocurrency exchanges to avoid money laundering appeared.
Can foreigners buy Dogecoin in Singapore?
Foreigners can purchase DOGE using Bitcoin ATMs or buy and sell the crypto on exchanges.
How is the price of Dogecoin determined?
Although the price of DOGE is determined by supply and demand, its value is largely boosted by the power and influence of celebrities who endorse it on social media.
Can I buy less than 1 Dogecoin?
No, because a DOGE's market price is less than a dollar, and most exchanges impose a minimum amount of order to be at least one DOGE.
What are the taxes to buy Dogecoin?
Because Singapore does not have a capital gains tax, you will not be taxed if you buy cryptocurrency here.
Where can I store Dogecoin?
You can store DOGE:
directly on the crypto exchange or trading platform where you bought it.
in a personal wallet, which is a safer alternative.
Which Dogecoin wallet can I use in Singapore?
You can use the following cryptocurrency wallets:
Hot wallets: they are connected to the internet and can be subject to cyber-attacks.
Cold wallets – It’s a secure alternative to store DOGE offline. It comes in two types: paper and hardware wallets.
Who accepts Dogecoin in Singapore?
A growing number of merchants in Singapore accept Bitcoin as payment and will also start accepting DOGE shortly.
How to cash out Dogecoin in Singapore?
You can cash out your DOGE via an ATM or sell it on a crypto exchange like Changelly that charges low withdrawal fees.