If you’ve got your eyes set on the meme coin, there’s no better time to add it to your wallet. So, how exactly do you go about the ways to buy Dogecoin in 2023? Luckily for you, there are several ways to buy Dogecoin, which we discuss in detail in this review. But first, here’s a summary of where you can buy Dogecoin (DOGE) tokens.
Thanks to a series of endorsement tweets by the Tesla billionaire, Elon Musk, Dogecoin has been soaring since the year began. In January, the meme coin was valued at less than a cent per coin and recently shot to an ATH of 72 cents, after the tech mogul made an appearance on Saturday Night Live.
Given DOGE’s recent surge, it’s no surprise that crypto investors are looking at the coin’s viability- as they should. With Musk deliberating whether Tesla should accept DOGE payments, it’s only a matter of time before the coin hits the $1 benchmark, and other parties get on board.
You’ll first have to create an account with an exchange that supports DOGE. There are several options available, and we will discuss the best ones below. However, you need to do some due diligence to ensure the exchange that you pick is safe and trustworthy.
Ideally, you should go for a regulated exchange where you’ll most likely be required to complete KYC checks during registration. For most exchanges, the process is straightforward and should only take a few minutes.
Once you have everything in place and have verified your account, you must first fund the account so you can buy Dogecoin. Depending on your exchange of choice and country of residence, you will have several options available to fund your account.
Some popular options include using credit and debit cards, e-wallets such as Skrill, Neteller, PayPal, and using bank transfers.
The last step after funding your account is actually to buy Dogecoin (DOGE) tokens. Depending on the platform you’re using, you can choose to either buy with or without leverage. When buying cryptocurrencies without leverage, you get to own the underlying asset. Buying with leverage simply means that you have opened a CFD trade that allows you to earn by speculating on the price.
Cryptocurrencies have all sorts of stories behind them, but DOGE has one of the most interesting genesis tales.
In 2013, there were two popular things doing rounds on the internet; bitcoin- which got people to start turning their attention to cryptocurrencies- and memes. Two developers, Jackson Palmer and Billy Markus thought digital currencies were being taken too seriously and came up with a parody coin. The new ‘fun’ coin mimicked bitcoin and a particularly popular meme at the time, the Doge meme.
What started as a joke coin has now grown into a huge community behind it. For the longest time, crypto critics dismissed DOGE as just a meme coin. The brains behind the coin have admitted that they didn’t take it seriously and only thought of actually developing it after seeing the support they garnered.
Like all other digital currencies, blockchain technology powers DOGE. Therefore, you can use the tokens to complete transactions, and pay for goods and services, all without incurring extra charges by middlemen. The cryptocurrency is built on Luckycoin and uses the Scrypt algorithm to check the Proof of Work (PoW) extraction tool.
It’s also worth mentioning that DOGE is open-source crypto. Therefore, the community rallying behind the coin gets to have a say in its development journey.
In the true spirit of the coin’s nature, its surge to the crypto big league began after Elon Musk started making his memes about it. Although he merely started by hinting about the coin, he publicly declared his support for the coin through endorsement tweets. The tech mogul’s SpaceXfirm even announced the DOGE-1 Mission to the moon. The mission will be paid for entirely in Dogecoin and will have a Falcon 9 Rocket carry the crypto’s payload to the Lunar orbit.
Even more recently, Tesla announced that it would drop bitcoin as one of its payment methods, citing environmental damages from mining the king coin. Musk then hinted that they could be adopting DOGE, a move that caused massive turbulence in the crypto markets.
With Elon’s support, DOGE has had steady growth and seems to be joining the ranks of the top digital currencies. Regardless of whether Tesla adopts DOGE, the meme coin already has the world’s attention and has both fans and critics watching it closely.
In many ways, Dogecoin and Bitcoin are quite similar. They are both digital currencies that rely on blockchain technology. The coins’ technical aspects are also alike, seeing as the developers simply altered bitcoin’s source code. Wherever bitcoin was mentioned, Markus changed it to Dogecoin. Thus, DOGE was a bit of bitcoin’s replica.
However, there are three distinct differences between the two coins. Here’s a detailed breakdown:
When Satoshi Nakamoto invented Bitcoin, he introduced a way around the financial system. For years, developers had tried to come up with a system that would allow financial transactions without an intermediary. One of the biggest hurdles of digital currencies is double-spending. The development of Bitcoin made a revolutionary mark in the traditional financial system.
DOGE, on the other hand, didn’t have such an important entrance into the scene. The coin started as a joke and remained so for quite some time. Even the developers abandoned it at some point. However, the vibrant community behind it has kept it alive.
Although DOGE is somewhat of bitcoin’s replica, bitcoin’s head starts in the crypto scene and a strong foundation distinguishes the king coin. Bitcoin has a well-defined ecosystem that ensures its longevity. Besides, the entire well-funded ecosystem is well-thought-out, which helps to give the digital coin a solid reputation.
DOGE didn’t initially have a plan in place, and it’s, therefore, a bit unstable. Although the coin has strong community support, some critics argue that it’s only held together by enthusiasm to go around the system. Should this enthusiasm ever die, perhaps DOGE will too.
The last key difference between the two is that bitcoin has a built-in scarcity, unlike the altcoin. Bitcoin’s limit is set at 21 million and has a system in place to ensure its supply is finite. Once all the available bitcoins are mined, bitcoin enthusiasts argue that the coin’s value will surge, in the same way, that gold is valuable for its scarcity.
Dogecoin supply is infinite and the coin is inflationary. DOGE tokens are mined each minute, which poses a potentially adverse effect on the coin’s future value.
Since its development, DOGE has been dormant for most of its lifetime. The coin’s value during its launch in December 2013 was $0.0002 and the site was mainly flooded by its supporters from a Reddit community. On 9th December 2013, the coin’s value spiked by about 300% and caught the attention of the crypto community. However, the rally was short-lived and DOGE plummeted back within three days.
The coin picked up some momentum again in January 2014 and briefly surpassed bitcoin’s trading volume, although its market cap remained below the king coin’s. The crypto bubble of 2017 surged the coin’s price and it reached a $0.017 peak in January of 2018. The value then remained steady till July 2020, when a TikTok trend spiked the price, in a bid to get it to $1.
However, DOGE’s most significant growth period has been 2021. The coin has been on a roll, swallowing Elon’s endorsement and it seems the price is quickly headed to the $1 benchmark.
If you’re thinking of adding it to your portfolio, there are three ways to invest in Dogecoin. Here’s how:
HODLing is a popular investment strategy, particularly in the crypto community. Because of the volatility in the crypto markets, many investors choose to HODL their investments in the hopes that they appreciate.
DOGE has a promising future if its historical performance is anything to go by. With giant corporations like Tesla and SpaceXFin rallying behind the crypto, it seems that it’s only headed upward. Therefore, buying and keeping DOGE tokens in a secure wallet is an excellent long-term investment strategy.
The other way to invest in DOGE is by trading in CFDs. In this case, you get a Contract for Difference that lets you speculate on DOGE’s price movement. Your platform of choice lets you hypothesize whether the CFD’s underlying asset, which is DOGE, in this case, will move up or down.
Since CFDs are leveraged products, you can trade on margin, which essentially means you can open a trade by placing only a portion of the trade’s full value. This way, investors stand to gain massive profits, depending on the amount of leverage used. On the flip side, they could also get significant losses because of the high risks.
Finally, you can invest in DOGE by participating in the coin’s day trading. This involves buying and selling DOGE within a single trading day. To be successful at day trading, you’ll need to be on top of DOGE’s market trends and get the hang of the forex and crypto markets. Although this is quite a lucrative way of investing in the coin, it may be a bit of a challenge for beginners. Learning how to day trade may take quite some time, but you could always hire a professional to manage your portfolio.
So, you know the steps that you need to take when you want to buy Dogecoin (DOGE), but how exactly do you pay for it? There are several ways to buy Dogecoin globally, so finding one that suits you won’t be much of an issue.
Using a credit card or a debit card to buy Dogecoin is one of the most convenient ways to get new tokens. Most exchanges will have this as one of their payment methods but you’ll probably find they have limitations on the countries allowed to use it.
eToro, for instance, allows traders from most countries to deposit funds into their accounts using a credit/debit card. Once the fiat is deposited into the account, traders can then choose whether to buy actual DOGE coins or to hold a CFD to speculate on DOGE’s price.
You won’t incur any other charge besides the spread- the difference between the buy and sell prices- when depositing using your credit or debit card. But, using a different currency from the USD will attract some conversion fees. Another upside is that your deposit will be instant and the funds will reflect on your eToro account immediately.
You can Buy Dogecoin with PayPal. PayPal payments support four base currencies; USD, GBP, EUR, and AUD. Paypal accounts can hold up to 60,000 USD for verified accounts. and the maximum transaction limit is set at $10,000.
When you buy Dogecoin with PayPal, you will not incur extra charges unless you use a different currency. Besides, the payments are usually instant and the balance will reflect in your account immediately.
Like PayPal, this method doesn’t incur extra charges and is also instant transactions. Some countries, such as the UK, Norway, Netherlands, and France get to enjoy rapid transfers.
Skrill and Neteller only support USD, EUR, and GBP. You must sign up for an account with any of the platforms before you can start using it. Both methods have a $10,000 limit on the deposit.
Bank wire transfers will take a bit longer time than any of the other methods. Transactions take about 4-7 days to reflect in your account and the method supports USD, GBP, and AUR. To speed things up, ensure you deposit funds in the same currency as your bank account. Also, you won’t incur any extra bank charges.
A significant benefit of using bank wire transfers is that there are no limits to how much you can deposit into your account.
If you would like to buy your DOGE tokens anonymously, you will need to use the eToro account without completing the verification process. The registration process requires you to complete a KYC verification process, but if you want to hide your identity, you can simply skip the verification process.
eToro allows unverified accounts to deposit up to $2250 using the different available payment methods. You can then use these funds to buy DOGE tokens without revealing your identity.
Before you get started on adding DOGE coins into your crypto portfolio, ensure you have all the tools you need; a trader account, investment capital, and a DOGE wallet.
As we’ve mentioned above, a trader account is necessary for you to buy Dogecoin. Open an account with an exchange or broker that supports DOGE. There are several options available, so you should shop around to find the best one. Most will offer a trial period or a demo account option for you to have a feel without fully committing to it. You should also note that different trading platforms offer a variety of trader accounts.
Of course, you’re going to need some capital to buy Dogecoin. The exact amount, however, will entirely depend on your method of investing. HODLing doesn’t require much capital, since you can even buy the tokens infractions. CFD and day trading will require a bit more capital, depending on the broker’s or exchange’s trading terms.
After purchasing your tokens, you’ll need a secure place to store the coins. DOGE offers an official wallet that you can download for your desktop or mobile. However, it wouldn’t be the wisest choice since it’s not actively worked on. You could opt for any other hot or cold wallet that will keep your crypto assets much safer.
You’ll need to consider several factors when determining the amount you need to buy DOGE tokens. Of course, the biggest determinant is the digital currency’s actual price.
Besides the token price, you’ll have to factor in several other costs. Most exchanges and brokers have trading limits in place that are unique to them. You should check whether the platform charges any deposit fees, transaction fees, and conversion fees if you’re using a different currency from the exchange’s base.
HODLing Dogecoin may not incur any extra charges. However, if you plan to invest in Dogecoin through trading, check whether there are overnight charges, inactivity fees, and any other costs you may incur.
Once you have all the three things you need, buying DOGE tokens is a straightforward process. Most platforms will allow you to open an account and buy DOGE through a simple process that will probably take only a few minutes.
DOGE is available in different forms and most exchanges will offer more than one option. Besides buying the actual coin, you could invest in CFDs, trusts, or futures contracts. When doing your research on your exchange of choice, be sure to check out what Dogecoin options are available.
There are primarily two types of trading platforms where you can buy Dogecoin instantly. These are exchanges and brokerage firms. With exchanges like Binance, you can buy the actual DOGE coins using a credit card or a debit card, P2P trading, or bank transfers. Brokerage firms like Capital.com let you buy DOGE CFDs. However, some like eToro offer both actual coins and CFDs. Usually, such platforms will set limits by determining what regions have access to what type of crypto assets.
Just as you can withdraw fiat money from an ATM, there exist crypto ATMs where you can buy digital currencies. Just recently, CoinFlip, one of the largest ATM providers in the world announced that DOGE would now be available in 1800 ATM locations.
Here’s how you should go about getting some DOGE coins from an ATM.
Note: Most ATMs have a minimum buying limit. They also have an upper limit for coins purchased anonymously. Above this limit, you will be required to scan your ID or provide your phone number to verify your identity.
Before settling down for the right trading platform for your DOGE tokens, you need to carry out a vetting process. If you don’t know where to start, you can use the following factors for your checklist.
Of course, transaction fees play a crucial role when you’re deciding. Confirm all the charges you are going to incur and ensure they are kept to a reasonable level. If you, especially, plan to invest through trading, trading fees will be quite essential. Going for a platform with high transaction costs may have you incur losses.
Your trading platform of choice should offer more than one payment method for convenience. Check that your preferred method is available and that it won’t incur outrageous fees. Be sure to also check the confirmation times for your preferred payment method.
If you are new to the trading platform of your choice, check whether it is beginner-friendly. An excellent place to start would be to check the online reviews and see what other users have to say about the platform. Most platforms also offer a demo account or a trial period. Sign up on your favorite platform and look around to have a feel.
Finally, be sure to crosscheck a platform’s reputation before investing in Dogecoin. Again, the online reviews will help you have a clear indication of the company’s reputation. It’d be wise to stay away from platforms whose history is marred with hacks and other malpractices.
You have plenty of options when it comes to buying DOGE tokens, so how do you settle for one? We narrowed down your options and included our top 6 choices for the best places to buy DOGE tokens.
eToro is one of the most popular trading platforms, supporting a variety of financial instruments including stocks, indices, ETFs, cryptocurrencies, CFDs, and commodities. The broker-exchanger was founded in 2007 and is a global leader in the industry. eToro is especially known for its social trading, which allows users to replicate trades from more experienced traders.
Buying DOGE on eToro is quite straightforward and once everything is in place, you shouldn’t run into any problems. The platform is seamless and even beginners have an easy time getting around. As we mentioned earlier, you can invest in DOGE on eToro through CFD trading, or by buying the actual coins. However, in some countries, such as the UK, eToro users can only buy actual DOGE coins.
If you’re a complete novice trader, you can sign up for the demo account so you can test the platform. Signing up is free, though you’ll need verification documents to complete registration. The exchange/broker is regulated by top-tier agencies including CySEC, FCA, and ASIC.
1. Visit the official webpage of exchange and click on the register now.
2. Fill in the details required in the signup form. You will also have to verify your identity before you can start trading on the platform.
3. Once you have your account verified, scroll down to the bottom of the menu on the left side. Click on ‘Deposit Funds.’ On the pop-up window, choose your preferred currency and enter the amount you would wish to deposit into your account.
4. Proceed to choose your preferred payment method. The available options include buying Dogecoin with PayPal, a credit card, a debit cards, Skrill, Neteller, and bank transfer. Click the ‘Deposit’ button to complete the transaction.
5. To buy some Dogecoin tokens, click on Trade Markets on the left pane. Click on crypto and then scroll down to DOGE. Click on the buy button to authorize the transaction. The coins will appear in your account immediately.
Note: eToro users can transfer their DOGE coins to other wallets. However, if the destination address isn’t an eToro one, they’ll have to first transfer the coins from the wallet on the broker/exchange and into the official eToro wallet app.
Capital.com is our second choice for the best platforms to buy DOGE tokens. Unlike eToro, which allows you to buy DOGE with or without leverage, Capital.com only supports CFD trading. Therefore, using the brokerage only allows you to speculate Dogecoin prices and not own the actual coin.
Capital.com features an AI-powered platform that is very intuitive and beginner-friendly. Besides its ease of use, Capital.com allows you to personalize your trading experience. You will also get personalized trade insights for your DOGE tokens and other crypto assets.
Registering an account on the platform so you can buy Dogecoin is a simple process. The broker/exchange also has an impressive fee schedule. There are no charges for deposits or withdrawals and there are no hidden additional fees. Instead, the broker/exchange makes its money from the spreads. You can choose any of the three CFD accounts available for trading, and the minimum deposit starts at $3,000 to $10,000. You can also trade Dogecoin on margin for a 1:2 leverage.
Like eToro, you can sign up for the demo account to give the broker/exchange a test run. Capital.com is regulated by the CySEC and FCA, which makes it pretty reliable. Besides cryptocurrencies, you can use your account to trade in indices, forex, stocks, and commodities.
1. Head to the official website to open a trading account. Click on ‘Trade Now’ to begin the sign-up process.
2. Enter your email address and password before proceeding to verify your account so you can start trading.
3. When everything is in place, log into your account and click on ‘Fund Account’ at the top of the user dashboard. The popup window will let you choose your preferred method of payment. For faster transactions, your best bet will be to use credit and debit cards. Other available options include Apple Pay and bank transfer, which both take about 1-5 days.
4. Search for DOGE on the search tab at the top to have a look at all the available trading pairs for DOGE.
5. Choose your preferred trading pair and click on ‘Trade’ on the side panel that appears. The panel also highlights all the charges you’ll incur when you open the trade. Click ‘Buy’ to complete the transaction.
It’s worth noting that because Capital.com only offers DOGE CFD trading, you cannot transfer the tokens to another user.
Bitpanda started as a trading platform only when it was launched in 2014. Over the years, the platform has increased the number of digital assets it supports and has grown to be one of the favorite platforms among veteran traders in Europe.
Just recently, the brokerage introduced Bitpanda PRO- a professional trading wing for the brokerage firm. Therefore, besides buying, you can also trade Dogecoin tokens on the platform and possibly make profits from it. Bitpanda PRO comes with some impressive trading features, including multiple price alerts and an automated order system for DOGE trades.
The broker exchange also offers a secure and free wallet service that you can use to keep your tokens secure. Besides Dogecoin, you can access other cryptocurrencies, indices, stocks, metals, and ETFs.
Opening an account on the platform is quite easy and you’ll need to verify your account before you can start using it. You will incur some transaction costs, which we highlight in the screenshot below.
1. Create a Bitpanda account by signing up on their official website. You will only need your email address and a strong password to create the account.
2. Proceed to verify your account by providing your identity.
3. Once verified, click on ‘Deposit’ on the user navigation board. Verified accounts can either use SEPA, Mastercard, Visa, Neteller, Skrill, SOFORT, or iDEAL.
4. Click on Prices in the navigation bar and proceed to search for DOGE on the search bar. Click on ‘Buy’ to purchase some coins.
5. Choose the wallet you are using to pay, and the amount of DOGE tokens you would like to purchase. Click on ‘Go to Summary’ to review your order and ensure it’s fine before hitting the ‘Buy Now’ button.
Binance is the largest exchange in the world, whose popularity has been increasing since its launch in 2017. The platform is quite lucrative, thanks to the low transaction fees imposed on the trades. Binance is an excellent place to start if you’re looking for ways to invest in Dogecoin.
The platform offers more than 500 cryptocurrencies, among other financial instruments. Like many other platforms, you can buy Dogecoin tokens in different ways. For example, you can load up your account and use the funds to buy DOGE on the P2P exchange. You can also opt to use the mobile app or the web trader to acquire your DOGE tokens.
As we’ve mentioned, Binance fees are quite low, which is one of the factors that make it stand out. If you choose to invest in Dogecoin by trading it on the platform, you will only incur a small maker-taker fee, which varies depending on your 30-day trading volume. You won’t be charged for anything else including overnight costs and trading commissions.
Register for a Binance account on the official website and complete the verification process. For this, you’ll need to verify your identity to complete the KYC process. Enter all the required details in the signup form provided.
2. Log into your account and click on Buy Crypto on the user dashboard to fund your account. Choose your preferred currency and method of payment. The available options are bank deposits, a credit cards, a debit cards, P2P trading, and third parties like Simplex. (For this article, we chose credit-debit card payment).
3. Enter the amount of DOGE coins you want to buy and click on ‘Buy DOGE’ to enter your card details. Ensure the name associated with your Binance account is the same as that of the cardholder.
4. Confirm the card payment details and complete the safety certification to complete the transaction. Your DOGE tokens will reflect in your account once the process is complete.
CoinMama is a non-custodial platform that was launched in 2013. The brokerage firm has since grown to become one of the most popular platforms for traders across the globe. CoinMama makes it to our list of the best places to buy DOGE for its fast transaction times and easy onboarding process. Besides, buying DOGE on the platform is quite straightforward and convenient, thanks to the multiple payment methods available.
However, Coinmama falls short in some areas. For example, the trading platform charges deposit fees, unlike most of the others on our list. When making deposits using a credit card, you will incur a 5% charge. If you choose to trade DOGE on the platform, you will need a minimum of $50 in your account so you can start trading.
1. Head over to the official website and register for an account. Upload your ID to complete Level 1 verification and start using the platform.
2. On the navigation panel, click on ‘Buy’ and scroll down to Dogecoin on the drop-down menu.
3. You will be directed to the buy page where you have predefined packages for you to buy DOGE tokens. You can also use the form provided to customize how much you want to spend on DOGE.
4. Click on the ‘Buy’ button to complete the transaction. You will be prompted to choose your preferred payment method and enter the required details. You get to choose between bank transfers, a credit card, a debit card, other cryptocurrencies, SEPA, or SWIFT.
Note: UK users can opt to have faster payments when using their bank accounts to buy DOGE. Here’s a breakdown of the extra fees incurred with this option.
Kraken is one of the longest-standing exchanges, seeing as it was established in 2011. Its reputation over the years makes the platform a favorite for traders who are looking for a safe place for their crypto assets.
Kraken is highly secure and is regulated by top-tier agencies. The interface is also intuitive and user-friendly. It integrates some advanced trading and research tools, which makes it ideal for both novice and experienced traders.
Additionally, Kraken offers some competitive trading and non-trading fees. If you want to buy Dogecoin (DOGE) on the platform, you will first need to deposit funds into your account. The platform offers a standard fee schedule, which you can see in the image below.
1. Sign up for an account on the official website and complete the verification process so you can start using the platform.
2. On the user dashboard, click on ‘Funding’ to make deposits into your account. You can choose to make either fiat or crypto deposits, all of which offer different payment methods. Kraken supports several fiat currencies; USD, GBP, CAD, EUR, AUD, CHF, and JPY.
3. Navigate to ‘Buy Crypto’ on the user dashboard to buy DOGE tokens.
4. On the popup window, enter the amount of money you wish to spend and choose DOGE as your preferred cryptocurrency.
5. Click on ‘Buy’ to complete the transaction.
Besides buying DOGE at brokerage firms, exchanges, and ATMs, you can acquire the tokens in several other ways. Here’s a look at some of them.
Thanks to its low value, many people consider DOGE as the ideal digital currency for tipping or gifting. If you are especially a content creator, you can incorporate a tip jar that accepts DOGE donations. You can also acquire DOGE tokens as a gift from a friend or family member. All you need for this is a DOGE wallet address where you would want to send the tokens.
Dogecoin faucets are websites that collect digital tokens from contributors. Then, anyone who would like a share can request to have the tokens distributed to them. These faucets work to help- people who have very few tokens acquire some for free. Through a Dogecoin faucet, users can request DOGE tokens after a short period, usually anything between 15 minutes and three hours. Here’s how to go about it:
The last way to get some DOGE tokens is through mining. Dogecoin mining is linked to Litecoin mining, so both coins can be mined during the same process. DOGE mining uses Scrypt, which is a lot quicker than Bitcoin’s SHA-256. It is also less power-consuming. The current block reward for mining is 10,000 DOGE. However, Dogecoin is still a lot less valuable than bitcoin and other top cryptocurrencies.
Now that you’ve acquired DOGE, what do you do with them? How or where can you use or spend them? Here are a few ideas to help you out.
That the Reddit community is wholeheartedly behind Dogecoin. In fact, the active community is the force behind DOGE’s rise to fame. Early on in the year, a subreddit called SatoshiStreetBets rallied behind the altcoin, in a bid to imitate Gamestop’s performance in the markets.
The price of DOGE ricketed in the days following Gamestop’s theatrics. Redditors pushed on attempting to get the coin to $1. The coin’s trajectory was further plummeted by Elon Musk’s endorsement.
Overall, the Reddit community seems divided on the DOGE issue. While there are loyal enthusiasts who believe it’s the next big cryptocurrency, some still believe it’s a joke and it could never get to $1.
However, a major concern is that DOGE’s surge has paved the way for scam coins to enter the scene. Some Redditors have raised concern over the mushrooming of these mimic coins.
The scene on Quora is not that different. While some users believe Dogecoin isn’t a scam, some aren’t entirely convinced that the coin is worthwhile. For example, when one Quora user asks whether they should invest in DOGE, they receive some conflicting advice from other users.
It seems that some crypto critics will never take DOGE seriously, simply because it started as a joke. Here’s how one user explains it all.
Overall, the Quora community, just like the Reddit one, is divided on what stand to take when it comes to Dogecoin.
Buying DOGE isn’t as much of a hassle, thanks to all the available options. Brokers/exchanges are perhaps your best bet since you can buy and trade DOGE on the platforms. Ultimately, when choosing the ideal platform, ensure they are regulated, offer additional services, and have a straightforward process of signing up and buying DOGE tokens.
We’ve summed up what we consider six of the best platforms that you can use to buy Dogecoin. We’ve also included a step-by-step process of buying DOGE on these platforms. So, have a look at all of them, choose the one that suits you best, and gear up to take DOGE to the moon.
Unfortunately, it is not possible to buy Dogecoin directly with PayPal. However, you can buy Bitcoin with PayPal, and then use that to purchase Dogecoin on an exchange. To do this, you will need to find an exchange that accepts PayPal as payment and set up an account. Once you have done this, deposit the funds into your account, select the currency pair you want to purchase and complete the transaction. After the transaction is completed, you can then withdraw the Bitcoin to an external wallet and exchange it for Dogecoin on an exchange that supports the currency.
Buying Dogecoin is easy and you can do it directly through a number of exchanges like the ones listed above. However, be aware that the prices of cryptocurrencies are highly volatile and you could end up losing a lot of money if you don’t know what you’re doing.
First, you need to find a reputable Dogecoin exchange. Second, create an account and verify your identity. Third, deposit funds into your account. Fourth, select the currency you want to buy and the amount. Fifth, click “buy” and confirm your purchase. You can then wait for the transaction to be processed.
The best place to buy Dogecoin is on an online exchange like the ones we’ve listed above. You can also buy Dogecoin from people who have it in their digital wallets by using a service like LocalBitcoins.com.
The legality of Dogecoin (and other cryptocurrencies) varies from country to country. In some cases, it may be legal to buy and sell Dogecoin locally, while in others it may only be legal to trade Dogecoin on an online exchange.
You can buy Dogecoin with PayPal. Paypal does not allow its users to buy or sell digital currencies such as Dogecoin. Instead, you could find a platform that lists PayPal as a payment method and proceed to purchase your DOGE. While at it, be aware that there is always some risk when trading digital currencies, so please do your own research before deciding whether or not to trade.
Yes, you can use a credit card to buy Dogecoin. You can also use a debit card, bank transfer, PayPal or any other payment method listed by your chosen platform. However, you may not be able to buy as much Dogecoin as you want with a credit card because of daily or weekly purchase limits.
Like all investments, there are risks and rewards associated with investing in Dogecoin. While the potential rewards might be great, you need to be aware of the risks before putting your money into any cryptocurrency. That said, Dogecoin has a lot of potential.
How much Dogecoin you should buy depends on a few factors. First, what is your budget? You don’t want to put all your eggs in one basket, so buying too much of any one cryptocurrency can be risky. Second, what are your goals? Are you looking to short-term trade or invest for the long haul? Third, how much do you know about Dogecoin? If you’re new to cryptocurrency, buying a small amount of Dogecoin is a great way to get your feet wet.
It depends on what you plan to use it for. If you think that the price of dogecoin will be higher in 2023, then buying dogecoin now would be a good investment. However, if you plan to use dogecoin for transactions (such as buying goods or services), the value of dogecoin may drop, so it might not be worth buying dogecoin at this point. Whatever you decide, remember that cryptocurrencies are highly volatile and can experience large price swings over short periods of time. So always do your own research before making any decisions about investing in cryptocurrencies!
There are a few ways to buy Dogecoin in the USA. You can use an online exchange such as the ones listed above, or you can use a service like LocalBitcoins to find people in your area who are willing to sell Dogecoin. Be careful when buying Dogecoin through unofficial sources, as there have been reports of scams and stolen coins in the past. always do your research before handing over any money.