What is Dogecoin? How to buy DOGE now? Can Dogecoin be used to purchase Tesla cars?

What is Dogecoin (DOGE)?

Dogecoin (Dogecoin, DOGE) is a cryptocurrency based on blockchain technology, created in December 2013, inspired by the popular internet meme "Shiba Inu Doge." Its core features include:

Community Culture: Known for its "tipping culture" and charitable donations, widely used on platforms like Reddit and Twitter for small tips.

Technical Foundation: Initially modified from Litecoin code, using the Scrypt algorithm, with a block time of 1 minute and no upper limit on total supply (current circulation exceeds 14 billion coins).

Market Position: In 2021, it surged 300 times due to Musk's promotion, with a market cap peaking over $88 billion, ranking among the top 15 cryptocurrencies by market cap in 2025.
The complete process for purchasing DOGE in 2025 (compliant and secure version)

Step 1: Register on the OKX App

Visit the official website: Enter https://ouyijoin.com using Chrome/Safari browser.

Register an account:

Download the client:

Step 2: Exchange RMB for USDT

Fiat Purchase:

Log in to the App → Go to the "Quick Buy" page → Choose Alipay/Bank Card payment.

Exchange USDT funds at real-time exchange rates, automatically deposited into your account.

Step 3: Purchase DOGE

Spot Trading:

Search for the DOGE/USDT trading pair → Enter the purchase amount → Use "Limit Order" to set your ideal price.

After the transaction, you can view your holdings in the "Funds Account," supporting 24/7 trading.

Withdraw to Wallet (optional):

It is recommended to use wallets compatible with DOGE, such as Trust Wallet.

Enter the wallet address in the OKX App, pay the miner fee (about 1-2 DOGE) to complete the transfer.
Can Dogecoin buy Tesla? Analysis of cryptocurrency payment status
1. Tesla's official policy
As of 2025, Tesla has not officially supported DOGE payments. It briefly accepted Bitcoin for car purchases in 2021 but paused due to environmental concerns. However, Musk has publicly stated multiple times that he "supports DOGE as a payment method," leaving the possibility for future collaboration.
1. Third-party payment scenarios
Online merchants: Platforms like Newegg (electronics) and AMC Theatres (movie tickets) have supported DOGE payments.

Physical stores: Some cafes and bars in certain countries accept DOGE through tools like BitPay.

Charitable donations: The Dogecoin Foundation has long funded projects such as water wells in Africa and children's education.
1. Payment operation process
Taking Newegg as an example:

Choose "Cryptocurrency Payment" at checkout → Select DOGE.

The system generates a payment address and amount (calculated at real-time exchange rates).

Transfer the corresponding amount of DOGE from your wallet to the specified address.

Complete the order after on-chain confirmation (usually within 1 minute).

Analysis of DOGE investment risks and opportunities

Dimension	Advantages	Risks
Liquidity	High market cap, sufficient trading depth	Price volatility (±15% within 24 hours is common)
Community	High activity, significant celebrity effect	Reliance on Musk's statements, easily manipulated
Technology	Fast transfers (1-minute confirmation), low fees	No major technological upgrades, lack of application scenarios

Frequently Asked Questions (2025 Latest Version)

Q1: Will Dogecoin be eliminated?

→ DOGE maintains its position among mainstream coins due to its strong community culture, but attention should be paid to technological upgrades and the expansion of payment scenarios.

Q2: How to safely store DOGE?

→ Small transactions can be stored on exchanges, while large assets are recommended to be kept in Ledger/Trezor hardware wallets.

Q3: Is trading DOGE legal in China?

→ China prohibits the operation of cryptocurrency exchanges, but holding through OKX is considered a personal action, and risks must be borne by the individual.
Core advantages of the OKX platform

Compliance qualifications: Holds financial licenses from 10 countries, including Malta and Dubai, and has passed ISO 27001 certification.

Trading experience:

DOGE/USDT trading pair has a 24-hour trading volume exceeding $500 million.

Security assurance:

98% of user assets stored in cold wallets.

Real-time anti-phishing system intercepts malicious attacks.

Conclusion

By downloading the OKX App at https://ouyijoin.com, you can conveniently purchase DOGE and explore the world of cryptocurrencies. Please remember:

Cryptocurrency is highly volatile; it is recommended to allocate no more than 5% of your assets.

Regularly back up your private keys to avoid asset loss risks.

Stay updated on industry trends (such as changes in Tesla's payment policy).

Act now: Click to enter the OKX official website.

Disclaimer: This article provides technical guidance only; the risks of digital currency trading are borne by the individual. Please invest rationally.