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How to buy Baby Doge Coin (BABYDOGE) in Australia

Learn how to buy Baby Doge Coin (BABYDOGE) on 3+ crypto exchanges in our step-by-step guide.

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Disclaimer: Highly volatile investment product. Your capital is at risk.

Baby Doge Coin (BABYDOGE) is the 248th largest cryptocurrency by market cap, valued at US$262,665,325.

Baby Doge Coin is a highly volatile asset capable of major price swings in a single day. Today BABYDOGE is trading for $1.82e-9 USD, which is higher than yesterday's trading price of $0.0000000018 USD. Over the past year, Baby Doge Coin's price has seen a decrease of -38%.

So before you buy Baby Doge Coin, make sure you understand these unique risks as well as its legal and tax status here in Australia.

If you're ready to get started, read on for step-by-step instructions on how you can use to buy Baby Doge Coin.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

How to buy Baby Doge Coin in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Baby Doge Coin is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Baby Doge Coin
    You can now exchange your funds for Baby Doge Coin. On beginner-friendly exchanges, this is as simple as entering the AUD or BABYDOGE amount you want to purchase and clicking "buy".
  5. Secure your Baby Doge Coin
    Consider transferring your BABYDOGE to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Baby Doge Coin in Australia

Find an exchange to buy, sell and trade BABYDOGE by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 4 of 4
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Exclusive
EXCLUSIVE
Swyftx
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID

3

352

Get $20 in BTC when you verify your account. T&Cs apply.

Capital at risk

View details
KuCoin
Bank transfer, Credit card, Cryptocurrency, Debit card, Neteller, POLi, PayID, Skrill, P2P, TransferWise, Apple Pay, Google Pay, Prepaid card, Revolut

52

780

Sign up and earn 500 USDT + bonus gift of 200 USDT in trading coupons + limited time offer of 7,500 USDT in futures trial funds. T&Cs apply.

Capital at risk

View details
Bybit
Bank transfer, Credit card, Cryptocurrency, Debit card, PayID, Moonpay, Fiat currencies, P2P, Banxa, Apple Pay, Google Pay, Mercuryo, Revolut, Wise

18

436

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

View details
Gate.io
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

60

1944

Invite friends and earn up to 40% commission. T&Cs apply.

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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How we keep this Baby Doge Coin guide up-to-date

  • BABYDOGE price data is regularly updated through data feeds so you always have the latest information.

What is Baby Doge Coin?

Baby Doge Coin, or BABYDOGE, is a cryptocurrency created by fans of Doge - the meme based on the famous Shiba Inu, nicknamed Doge - and Dogecoin, the cryptocurrency that was initially created as a joke but subsequently became a community favourite. Although the foundation of BABYDOGE is based on Dogecoin, the cryptocurrency plans to offer users a greater level of functionality. As per the official website, Baby Doge Coin boasts of delivering “improved transaction speeds & adorableness” when compared to its “father” - Dogecoin. The coin was designed with deflationary characteristics and offers an integrated smart staking system devised to deliver lucrative incentives to token holders.

Like Dogecoin, Baby Doge Coin, thrives off community following. To help boost community adoption Baby Doge Coin developers have implemented a set of deflationary characteristics. Unlike Dogecoin which can be minted indefinitely - a feature that can potentially lead to inflation - BABYDOGE implements a fixed supply model similar to Bitcoin and Cardano. In addition, the protocol has implemented value-creating features known as Auto Burn and Auto-reflections. Auto-reflections is a feature that allows all token holders to enjoy a share of transaction fees collected within the Baby Doge ecosystem. 5% is collected from each transaction and transferred to all wallets holding BABYDOGE. Meanwhile, Auto Burn takes 41% from each transaction fee and sends it to a burning wallet, thus removing BABYDOGE from the circulating supply. These deflationary features coupled with a capped maximum supply means that, with time, the continual deflationary pressure on the coin may create more value for BABYDOGE holders. The developers of the Baby Doge Coin ecosystem have also created a Charity Wallet and Baby Doge Crypto Card. The platform's Charity Wallet can be used to receive allocations of BABYDOGE that can then be sent to charity partners and the Baby Doge Crypto Card allows users to spend cryptocurrencies via retail outlets.

How do I find the best places to buy Baby Doge Coin?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Australia to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Baby Doge Coin?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Baby Doge Coin.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BABYDOGE with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Baby Doge Coin?

Once you've created an account, you will need to deposit funds to buy BABYDOGE with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy BABYDOGE:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase BABYDOGE by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for BABYDOGE on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Baby Doge Coin?

The easiest way to buy BABYDOGE is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying BABYDOGE, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Baby Doge Coin has been performing recently.

Best Baby Doge Coin wallets to store your BABYDOGE

You can keep your BABYDOGE on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BABYDOGE below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Baby Doge Coin a good investment?

BABYDOGE has amassed a strong community following, however, due to its meme-based inheritance it is subject to wild price swings. In this section, we will look at some of the key aspects that are worth considering before investing in this altcoin:

  • Deflationary characteristics:Baby Doge Coin is deflationary by design. This is achieved through a capped maximum supply and token burning mechanism. By applying deflationary characteristics it is the hope of Baby Doge Coin developers that the value of BABYDOGE tokens will rise over time. However, it is important to remember that this is not guaranteed. The demand for BABYDOGE will also contribute heavily to price movements.

  • Whale manipulation: Unlike DOGE, which does not have an upper supply cap, BABYDOGE has a fixed supply of tokens which is set at 420 quadrillion. Although this is a fixed supply, the number of coins is so large that significant proportions of the supply are held by whales within the ecosystem. By holding such a large proportion of coins, whales are sometimes able to manipulate day-to-day price action.
  • Utilises a novel reward mechanism: Auto-reflection refers to the process via which tokens are automatically added to a holder's personal wallet. 5% of each transaction completed within the Baby Doge Coin ecosystem is redistributed to holders of the coin. This provides an instant incentive for cryptocurrency investors to hold the coin and earn a percentage yield.
  • Charity donations: One underrated aspect of the project is that it seeks to help charity organisations where possible. As a result of the close affiliation with dogs, the charity wallet feature has already contributed to saving dogs around the world. The Baby Doge foundation donated more than the US $100k since June 2021, making it the world's first dog-charity-themed cryptocurrency.
    • Today's Baby Doge Coin price versus ATH

      Compare today's price of Baby Doge Coin ($1.82e-9 USD) against its all-time-high price of $6.345e-9 USD on 16 January 2022. The closer the bar is to 100%, the closer BABYDOGE is to reaching its ATH again.

      Baby Doge Coin's price: $1.82e-9 USD
      ATH date: January 16, 2022
      28.68%

      Baby Doge Coin ATH: $6.345e-9 USD


      How to trade, convert or sell Baby Doge Coin

      You can convert or sell your BABYDOGE with the same exchange you bought it through:
  1. Sign in to the exchange you have BABYDOGE on.
  2. If you store your Baby Doge Coin in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of BABYDOGE you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Baby Doge Coin.
  6. Complete your transaction and move your BABYDOGE to a crypto wallet for storage.

How to buy other cryptos


Disclaimer: Cryptocurrencies, including Baby Doge Coin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BABYDOGE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Baby Doge Coin or any other cryptocurrency discussed.

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