How to Buy Dogecoin on a Crypto Exchange

December 10, 2022

On holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform. Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders. Create an account To create an account on an exchange, you will need to verify your email address and identity. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Dogecoin in the US. One of the greatest strengths of Dogecoin lies in its passionate community, who have done a great deal of fundraising.

The problem with leaving coins in your account is that the exchange could have a security breach, or you could also compromise your own account. Once the coins leave an account, it is next to impossible https://www.tradecrypto.com/news/crypto-industry-news/euroclear-and-fnality-will-create-tokenized-payment-system/ to recover stolen cryptocurrency. Beyond fees, pricing can be an issue, as they can differ from one exchange to another. It is worth looking for the exchange with the best DOGE prices.

Cryptocurrency exchanges versus cryptocurrency exchanges

While the Ellipal is usually more expensive than its competitors it’s currently $30 off, making it competitively priced. No – the bank account needs to be in your name if you want to buy Dogecoin on Kriptomat with a SEPA transfer. https://www.tradecrypto.com/cat_reviews/tokens-reviews/ You can easily exchange any portion of your Dogecoin balance for another cryptocurrency of your choice. Selling your DOGE on Kriptomat is easy, and we provide all the tools you need to optimize your exit strategy.

  • So, ensure your account is fully set up and verified before conducting any transactions.
  • In the US, eToro is one of the top platforms to buy DOGE tokens.
  • It was launched as a meme coin but has slowly gained mainstream investor attention and acceptance.
  • Perhaps one of the most user-friendly exchanges on this list, Bitpanda is a top destination for everyone who is new to the cryptoverse.
  • Beware that this comes with a high risk of fraud if you attempt to settle the transaction in-person or without an escrow service.

For that reason, it may be worth laddering in your buy orders, instead of going all in at current prices. It will take substantial amounts of money to send Dogecoin to $1 or 1EUR per DOGE, however, the crypto markets are highly unpredictable so it is not impossible. As always, do your own research and only invest with money you can afford to lose. With a current market capitalization of around $11 billion, it will take substantial amounts of money to push this coin back up to the highs. Moreover, the decentralized nature of Dogecoin guarantees users that their transactions cannot be controlled, unlike when using centralized systems such as banks. As the first and largest meme coin, Dogecoin has formed a solid community.

Can I buy Dogecoin with the app?

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how to purchase dogecoin

If you have a PayPal account, you can simply select PayPal as the deposit method when buying Dogecoin. Additionally, it’s a great place for more experienced Dogecoin traders, especially those with an interest in trading other altcoins too. With https://www.tradecrypto.com/news/defi-news/metamask-to-collect-users-data/ over 600 cryptocurrencies listed, Binance is the place to find new and obscure coins. You can also use the unique CopyTrader feature to view stats on other users and replicate the actions of the most successful DOGE traders around the world.

Fun Facts about Dogecoin

Dogecoin was founded in 2013, and started out as a bit of a troll. Eventually, Portland-based IBM developer Billy Markus heard about the new currency and got permission to build the software that created the Dogecoin many know and love now. To get started in a few simple taps, simply download ZenGo from the app store of your choice.

Once Bitcoin reaches its cap of 84,000,000 coins, no further supply will be mined. Speculation is rife that Musk owns a significant share of Dogecoin. If Musk were doing this intentionally, it is working rather well, since as of mid-June 2022, the coin was now trading at around https://www.tradecrypto.com/reviews/crypto-wallets-reviews/moneytoken-review-a-comprehensive-guide-2/ $0.044. Although this is a fall from highs of $0.64 in 2021, prior to this the coin spent years trading at about $0.002. However, it remains to be seen what the long-term prospects are for the coin. If you are looking to buy Dogecoin now, here’s how you can do it.

Steps to Buying Dogecoin

Dogecoin is a satirical cryptocurrency that was based on the internet meme Doge, which is often referred to as dogecoin. The cryptocurrency that drew on the meme became a meme itself, but funnily enough – despite its completely satirical, even meme-like image, the cryptocurrency’s valuation skyrocketed. No matter how secure the exchange that you chose, it is always sensible to store your cryptocurrency in a wallet rather than on an exchange.

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