How To Buy Dogecoin | Top DOGE Providers | Bankless Times

Dogecoin (DOGE) is a popular meme token with millions of fans around the world including Elon Musk, the CEO of Tesla and SpaceX. The coin has seen tremendous growth and large trading volumes since its launch in 2013 after going viral on social media. Due to its popularity, DOGE is available for purchase on numerous platforms, including eToro, Robinhood and NAGA.

But, is it worth buying Dogecoin? Buying Dogecoin is a decision that should be based on a combination of factors, including past performance, and risk tolerance. If you would like to learn more about how to buy Dogecoin online, then this guide is for you. Read on to find out everything about buying Dogecoin.

Best Brokers to Buy Dogecoin in 2022

Below we have listed the top beginner-friendly crypto brokers to help you get started on buying Dogecoin today.

1

Minimum Deposit

$50

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More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities

Buy crypto, or trade cryptocurrencies via CFDs

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Overall best Way to Buy Dogecoin 2022

In this section, we have outlined the best Dogecoin brokers overall when it comes to buying Dogecoin.

eToro is the best way to buy DOGE according to our review

Here’s a breakdown of our analysis.

How We Compare

In the comparison table, we include crucial information such as trade values, fees, and ease of use so if you are new to cryptocurrencies, you know which platforms are the easiest to navigate and where to go to avoid hefty transfer fees. For your peace of mind while trading, we state whether or not each crypto is regulatory-approved and by which institutions.

We even add our own overall rating of each crypto coin.

There is a lot happening in the cryptocurrency market right now, with a variety of tokens created on different platforms and a mode of operation that is very unlike that of traditional financial institutions. Both novice and experienced investors can use our comparison tables to simplify the process of identifying the right cryptocurrencies for them.

As with any investment, the decision to enter the cryptocurrency market requires thorough research. You can rely on us to provide the most up-to-date and accurate information, as we only use credible and reputable sources for our content. This puts investors in the best position to make smart crypto decisions.

Best Platforms to Buy and Trade Dogecoin

For those who are looking to trade Dogecoin, this section is worth reading before getting started.

Buy Dogecoin using cryptocurrency brokers – the easiest way

These platforms can be used to buy or trade DOGE and other cryptocurrencies.

eToro

eToro is a multi-asset brokerage platform that offers stocks, shares, cryptos, and more, including Dogecoin. There are various different features to take advantage of including social trading, charting tools, and demo accounts.

Read our eToro review to learn more about it.

Robinhood

Robinhood is an online discount brokerage and trading platform that offers services for various financial products including cryptocurrencies. Many of the top cryptos are supported including Bitcoin, Ethereum, and Dogecoin.

Read our Robinhood review to learn what we found.

NAGA

Eightcap is a global CFD and forex broker that also offers cryptocurrency services. A number of different cryptocurrencies are available for trading and investment including Bitcoin and Dogecoin.

Use our Eightcap review to make a better decision.

Buy Dogecoin on eToro:

Step-by-step guide

For more information on Dogecoin, wallets check out our guide to the best Dogecoin wallets. However, typically you can use a Coinbase Wallet or Trust Wallet as they are the most popular amongst Redditors and are very secure according to our internal wallet reviews.

Use the search function to find Dogecoin on the wallets and send your DOGE to the address provided.

Buy Dogecoin Using CFDs

Best for trading

Contract for Differences or CFDs allows traders to speculate on the price of a coin without owning the underlying asset. They also enable leveraged trading which can increase profits through higher risk.

eToro

eToro is a brokerage platform that offers cryptocurrency CFD trading for various cryptocurrencies including Dogecoin. Its user-friendly interface makes it a platform of choice for beginners.

Eightcap

Eightcap is an online brokerage platform that offers crypto CFD trading on a number of different cryptocurrencies including Dogecoin, and other memecoins such as Shiba Inu.

Buy Dogecoin CFD on eToro: Step-by-step Guide

Buy Dogecoin using Cryptocurrency Apps – most convenient

Many platforms now offer apps that you can download on your smartphone to trade on the go.

Buy Dogecoin on eToro App:

Step-by-step Guide

Buy Dogecoin with Exchanges

The cheapest way

The simplest way to buy Dogecoin is on a cryptocurrency exchange. Dogecoin exchanges allow users to buy DOGE using fiat currencies or other cryptocurrencies. For example, you can purchase Dogecoin by depositing money from your debit card or by exchanging your existing Bitcoin (BTC) holdings. You should always make sure you use a trusted and secure cryptocurrency exchange.

Also, each crypto exchange accepts different payment methods. For example, if you want to buy Dogecoin with credit card, you should choose a crypto exchange that accepts credit cards.

The following table shows some of the best cryptocurrency exchanges to use:

Buy Dogecoin on Binance:

Step-by-step guide

Buy Dogecoin Using Decentralized Exchanges – the Non-traditional Way

Dogecoin is not available for purchase on decentralized exchanges since it is not built on a smart contract platform such as Ethereum or Solana.

DOGE exists only on its own blockchain and can be bought on regular crypto exchanges and crypto brokerage platforms such as eToro.

You should always make sure you are buying Dogecoin from secure and trusted brokers and crypto exchanges that accept Dogecoin.

If you would like to know more, we created a complete guide on the best crypto exchanges.

Should You Buy Dogecoin as CFD or Real Cryptocurrency?

Buying a CFD is a preferred method for beginners as it allows users to avoid the technical side of cryptocurrencies. This is because CFDs enable users to speculate on the price of a coin without owning the underlying asset.

For more advanced traders, crypto exchanges may be a more suitable choice.

How Does This Impact Tax?

You will be required to pay tax on the profits you make from buying DOGE CFDs. Depending on the country of residence, the tax law may vary so please refer to the relevant authorities in your jurisdiction for the most up-to-date information.

Should I Use a CFD or Buy Real Dogecoin Tokens to Own?

Buying Dogecoin with a CFD

Buying Real Dogecoin to Keep

Best Ways to Buy Dogecoin

You might want to consider the payment method you use to buy DOGE coins. Different payment methods will have advantages over the others. Here are the most convenient ways to buy Dogecoin.

Buy Dogecoin instantly with a bank transfer – fastest way to buy DOGE

If your chosen platform offers bank transfer deposits, you can use this method to make quick and easy purchases.

The process will be familiar if you have done online banking before so simply follow the onscreen instructions to get started.

Buy Dogecoin with PayPal – Safest way to Buy DOGE

PayPal is a popular online payment platform to use when depositing money into a crypto exchange.

If you have an existing PayPal account, check out our guide on buying Dogecoin with PayPal for a full list of brokers and crypto exchanges that accept it.

Buy Dogecoin Using a Debit Card – Cheapest Way to Buy DOGE

You can also use a debit card to buy Dogecoin by depositing money in your brokerage account.

Just select it on the drop-down menu and enter your details.

Buy Dogecoin Using a Credit Card

Credit cards are among the most accepted payment methods on trading platforms.

Simply follow the onscreen instructions to deposit money into the platform and buy Dogecoin with a credit card.

Best Way to Buy Dogecoin in the UK and USA

Best platforms to buy Dogecoin in UK

In the UK, eToro is the best platform overall for beginners and more advanced users alike. eToro comes with beginner-friendly features such as CopyTrade as well as advanced charting tools for professional traders.

Best Platforms to Buy Dogecoin in USA

In the US, eToro is one of the top platforms to buy DOGE tokens. It is quick to get started with, very easy to use and understand and is packed with features. If you’re looking for more advanced features, Binance might be a better choice.

What Are the Fees When Buying Dogecoin?

Different platforms charge different fees for their services.

Here’s a breakdown of what that might look like with an example of a €1,000 position in Dogecoin.

Cheapest Way to Buy DOGE

Here are the cheapest platforms that offer Dogecoin markets.

If you’re looking to buy DOGE with almost no fees, Robinhood is the best provider to use. However, if you’re looking for the best and simplest user experience with a slightly higher trading fee, we recommend using eToro.

Should You Buy or Sell Dogecoin? Pros and Cons

Before making an investment, it is worth looking at the pros and cons of the coin you are looking to purchase.

Here are some points to consider when it comes to Dogecoin.

Top Tips and Recommendations to Buy Dogecoin

There are multiple ways to buy Dogecoin and so it’s important to know which platform is best for your needs. Here are some things to consider:

1. Your trading knowledge:

   • For beginners: If you’re a beginner and want to buy Dogecoin then eToro may be the platform for you due to its user-friendly features and intuitive design.

   • For advanced users: If you’re more advanced and looking to trade Dogecoin and need advanced charting and other trading tools, then a cryptocurrency exchange such as or may be preferred.

2. Cryptocurrencies are highly volatile and Dogecoin is no different. Ensure you do your own research and only invest with money you can afford to lose.

3. Dogecoin has an incredibly large supply. This means that you can buy many DOGE coins for very little money. It’s worth looking at the exchange rate to get a better understanding of what you are buying.

The price of Dogecoin is impacted by a number of factors.

Firstly, many cryptos on the market are correlated with Bitcoin and DOGE is no exception.This means that when Bitcoin goes up, many altcoins follow suit and when Bitcoin goes down, altcoins begin to fall as well.

Before trading Dogecoin, it’s important to have a look at the Bitcoin charts at the same time as this can help you make more informed decisions. As well as look into altcoin price changes, here’s a handful list of our guides on price prediction and cryptocurrencies:

Secondly, prices may move based on news, partnerships, and development updates so it’s worth keeping on top of these events.

It’s useful to follow the official social media channels to keep up to date with the latest information.

Here are the official Dogecoin pages on Twitter and Reddit.

Should You Hold Dogecoin for the Long Term or Trade for the Short Term?

Whether you want to hold Dogecoin for the long term or short term is your personal preference.

If you’re interested in the Dogecoin project and would like to be an early adopter, you might want to HODL if you believe there is a future (check out our guide on Dogecoin adoption). On the other hand, if you’re after making profits from trading, it might be best to stick to short-term holding and benefit from the price swings.

Regardless of your strategy, it is important to have a strategy in mind before investing, that way you can be better prepared in case something happens.

When Is the Best Time to Buy Dogecoin? Should I Buy It Now?

Dogecoin is in a downtrend at the time of writing.

This means that it may continue to fall unless something drastic happens in the markets.

It may be worth building a position gradually, that way you can capitalize on potential price drops.

Other Ways to Buy Dogecoin in 2022

The above sections have listed all the ways it is possible to buy Dogecoin.

To recap, these include:

How to Buy Dogecoin Anonymously?

It is not possible to buy Dogecoin anonymously as your ID is required during the signing process.

How to Buy Dogecoin Without Registration?

Registration is a requirement before purchasing Dogecoin.

How to Buy Dogecoin Without Verification?

Your ID is needed during the registration process.

How to Sell Dogecoin in 2022?

Below is a step-by-step guide on how to close your position in Dogecoin with eToro.

If you want to know more about the quirks of selling Dogecoin online, the liquidity issues and the process of selling, read our guide on how to sell Dogecoin.

Key Information About Dogecoin?

Here’s a quick overview of important Dogecoin metrics.

What to Consider when Investing in Dogecoin?

Despite being a meme coin, Dogecoin is one of the most interesting cryptocurrencies to buy and hold in 2022.

Dogecoin enjoys a unique market position

As the first and largest meme coin, Dogecoin has formed a solid community. Dogecoin serves as the foundation for the majority of other meme coins available today.

Perfect for everyday transactions

If you compare Dogecoin to Bitcoin or Ethereum, the number of transactions is almost negligible. It only takes a few minutes for Dogecoin transactions to be confirmed.

Moreover, the decentralized nature of Dogecoin guarantees users that their transactions cannot be controlled, unlike when using centralized systems such as banks.

Available on multiple exchanges

One of the few meme coins available on virtually all major cryptocurrency exchanges is Dogecoin.

Multiple listings work in favor of Dogecoin in different ways. It makes Dogecoin a highly liquid cryptocurrency that is less susceptible to manipulation. At the same time, this means that newcomers to bull markets have easy access to Dogecoin.

Is Dogecoin a Good Investment?

Any investment carries risk and Dogecoin is no different. Cryptocurrencies are volatile assets and DOGE is prone to wide price fluctuations in both directions.

Since Dogecoin is a meme token, it has limited utility compared to other cryptocurrencies, and it is important to know these facts before investing.

Rule number one is to only invest with money you can afford to lose.

What Are the Dogecoin Coin Alternatives?

Dogecoin is not the only meme token on the market, here are some other memcoins to consider:

Shiba Inu

Shiba Inu, an ERC-20 token, was one of the cheapest meme coins that offered users a high return on investment (ROI). Dogecoin and Shiba Inu were competitors throughout 2021, with Shiba Inu even overtaking Doge at one point.

You can also check out our comparison guide on Shiba Inu vs Dogecoin.

Ape Coin

Ape Coin, the official currency of the Bored Ape Yacht Club (BAYC) NFT, is an ERC-20 token designed for governance and utility purposes.

The decentralized autonomous organization (DAO), which provides users with access to features such as games, products, and other services, is managed by users within the Ape Coin ecosystem.

Decentraland

Thanks to Decentraland’s native token MANA, users can construct and create virtual properties in the ecosystem as NFTs on the Ethereum network. It also offers users the ability to earn in-game incentives through a variety of Web 3 protocols.

Is It Still Worth Investing in Dogecoin or Not?

Dogecoin is one of the most popular cryptocurrency meme tokens on the market.

It started out as a joke but has now become one of the largest crypto projects on the market.

With millions of supporters around the world including billionaires Elon Musk and Mark Cuban, the DOGE coin seems to have a lot of potentials.

Notably, the price of the DOGE token has fallen considerably from its peak in 2021 along with the wider global markets. It has remained in a downtrend ever since and now seems to be consolidating just above a support level.

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.

However, cryptocurrencies are unpredictable and no one knows exactly what will happen.

As always, do your own research and only invest with money you can afford to lose.

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