In our extensive How to Buy Dogecoin in 2023 we walk you through the process of getting your hands on this popular digital coin. We tell you of the best places to buy Dogecoin today, give you a step-by-step guide on how to buy the best meme coin in less than 5 minutes.
Most importantly, we tell you what you need to look for in a Dogecoin broker and how you can start investing in this digital asset right away.
Let's dive right in.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
In the following section, you will find the best places to buy Dogecoin. We wil also provide an insight on the different ways to buy DOGE that will help you decide the exchange of your preference.
Where To Buy Dogecoin
The unprecedented investor interest in Dogecoin has seen the oldest joke currency list with virtually all the popular exchanges in the world.
You can now trade Dogecoin on exchanges, brokerages, and even peer-to-peer trading platforms.
In this post, however, we will be telling of the best places to buy Dogecoin in 2023. We will also tell you how much you need to buy Dogecoin on each platform and why we recommend them.
1. eToro - Overall Best Place to Buy Dogecoin 2023
eToro tops our list of best places to buy Dogecoin, not just because of its beginner-friendly user interface and super low trading fees. It also makes it here because of its low deposit and trading minimums and the fact that it maintains a resource-rich trading platform. To start buying Dogecoin, for instance, you only need to deposit a minimum of $10.
It is a fiat-to-crypto exchange that supports such deposit and withdrawal options as credit cards, debit cards, bank wire transfers, and eWallets like PayPal, Skrill, and Neteller. And when buying Dogecoin on eToro, you will only have to pay a fixed commission of 1% of the trading amount.
Note that eToro started as a forex brokerage in 2007 but recently onboarded cryptocurrencies. It has since morphed into one of the most popular crypto exchanges, listing all the popular digital assets - including Dogecoin.
The exchange ranks highly among the top exchanges to buy Dogecoin for beginners because of its easy onboarding process. It also makes it here because of its easily navigable user interface with rich educational content and investing guides. This platform also features a wide range of advanced market research, trading, and analysis tools - drawing it to expert crypto investors.
We also like the fact that eToro is a multi-trading platform available both as a web trader and a mobile app. Plus, you also get to enjoy the social and copy trading features offered by the crypto trading platform.
But even more importantly, we rank eToro among the best places to buy Dogecoin because it provides users with crypto custody services. Here, you have the option of holding your assets in the exchange-provided vaults that store 90% of the assets offline. Alternatively, you could hold them in the non-custodial and free mobile wallet app provided to all eToro platform users.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
2. Crypto.com - Best place to buy Dogecoin for Higher Instant Deposit Limits
Crypto.com makes it to the list of best places to buy Dogecoin because of its expanded deposit limits. Unlike exchanges like eToro, which will only limit your daily PayPal deposits to $10,000 or card transfers to $40,000, Crypto.com lets you make instant deposits of up to $50,000 daily.
We also appreciate its low minimum deposit and trading limit of $20. And both deposits and withdrawals in and out of the crypto trading platform are free because the exchange doesn’t charge processing fees. When buying Dogecoin on Crypto.com, you also get to enjoy competitively low trading fees of between 0.40% and 0.10%.
Further, if you had staked 5000 CRO tokens - the native token for Cronos blockchain - you enjoy a 10% discount on trading fees. This brings the Dogecoin trading fees on the platform to between 0.36% and 0.09% - based on your 30-day trading volume on the platform.
Like most other top-tier crypto trading platforms, Crypto.com runs a straightforward client onboarding process and fast account approval. It also maintains a highly intuitive yet sophisticated trading platform. The intuitiveness helps it appeal to novice traders, while the integration of advanced trading, analysis, and research tools help it appeal to expert traders.
Additionally, the trading platform integrates a growing number of Dogecoin investing options. It. for instance, has introduced crypto staking and lending programs. This makes it possible for virtually any DOGE holder to earn passive income when they stake and save their token holdings on these platforms. Via the Crypto.com lending program, you can borrow up to 50% of the staked or saved Dogecoin.
Crypto.com also features among the top exchanges to buy Dogecoin because it is a multi-platform exchange. It is available both on the Crypto.com web-trading platform and on the crypto.com mobile app. It also makes it to this list because it provides free crypto custody services. These are provided via the resource-rich Crypto.com DeFi wallet app.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
3. Binance - Best Platform to buy Dogecoin for Low Trading Fees
Binance makes it to our list of top exchanges to buy Dogecoin because of its ultra-low and massively discounted crypto trading fees.
When buying Dogecoin on the exchange, for instance, you will only pay a transaction fee of between 0.1% and 0.04% - based on your 30-day trading volume. And if you settle the transaction fee with Binance Coins (BNB), you get to enjoy a 25% discount, bringing the fees down to between 0.075% and 0.03%.
But in addition to the transaction fees, there is an innumerable number of factors that make Binance one of the top exchanges to buy Dogecoin. These include the wide range of supported crypto assets, which provide you with more DOGE trading pairs. It also makes it here because of its deep liquidity - processing crypto trades worth more than $40 Billion daily. This ensures your Dogecoin buy/sell orders fill out first.
We also appreciate Binance’s user-friendly trading platform. It is easily navigable and integrates the widest range of advanced charting, trading, research, and analysis tools. The exchange also boasts of some of the fastest order execution speeds. And all these are available on their web trader as well as on their mobile trading app.
Binance also features on our list of best places to buy Dogecoin because it presents you with several investing options. These include Binance staking and savings programs that earn you passive income on your DOGE holdings by paying you interest and other rewards when you save and stake your DOGE token here.
Like all other top exchanges, Binance maintains a straightforward onboarding process and fast account approval. Binance will also store the purchased Dogecoin tokens on your behalf in its ultra-secure offline vaults. These are also insured by the largest private crypto-insurance fund - more than $1 Billion. Plus, you have the option of holding these assets in the Binance-owned non-custodial mobile wallet app - the Trust Wallet.
What Is Dogecoin?
Dogecoin is a digital currency - like Ethereum or Bitcoin. But unlike Bitcoin and Ethereum, which are specially designed to solve real-world problems, Dogecoin was inspired by a popular internet meme.
It is built on an open-sourced blockchain technology, forked off the original Bitcoin algorithm, and is intended to make crypto trading/investing fun. It launched in 2013 and took up a popular internet meme featuring a Shiba Inu dog as its symbol.
But even though it was built using Bitcoin’s original code, Dogecoin’s code features several tweaks that make it fundamentally different from Bitcoin and its other forks. These tweaks helped increase transaction processing and block confirmation speeds on the network. They have also ensured that Dogecoin deviated from Bitcoin’s fixed token supply and gave it an infinite maximum token supply.
Dogecoin was among the earliest meme coins ever created. Its successful launch helped inspire the launch of more meme coins, which have since morphed into a new crypto niche. Some of the most popular Dogecoin spin-offs include Monacoin, Shiba Inu, SafeMoon, and Samoyedcoin.
Today, Dogecoin is the most popular and the most valuable meme currency - with a $10 Billion market cap. It was also the first joke currency to break into the coveted list of 10 most valuable crypto assets.
Note, however, that this popularity and value accumulation came about during the early 2021 crypto market rally. In addition to the ranging crypto market, Dogecoin’s popularity and subsequent value gain can be attributed to public endorsement by the Billionaire tech investor - Elon Musk. It could also be attributed to a sweeping meme coin craze on popular social networking sites, especially Reddit and Twitter.
When Dogecoin launched in December 2013, one DOGE token was selling for $0.00020. At the time, cryptocurrencies were still a new phenomenon, and there was no real incentive to investing in Dogecoin. The meme coin, therefore, had a rough welcome, and it traded around this low price level from 2014 through to mid-2017.
Throughout this period, Dogecoin reported minimal trade activity, with its daily trade volume averaging a few thousand dollars. Additionally, its prices often fell below the $0.0002 introductory price.
It wasn’t until the late 2017 crypto market rally that Dogecoin reported meaningful trade activity. The DOGE token prices jumped 8500% up their introductory price to reach $0.017 in the first week of January 2018. This price jump was, however, short-lived as the market crashed soon after. By the end of 2018, DOGE had shed all the 2017 gains and was back to trading around the December 2013 prices.
It would take 3 more years and yet another crypto market rally for Dogecoin to recover and break above the 2018 highs. The dog-themed meme coin crossed over into 2021, selling for $0.0044 and rode on the crypto market rally, breaking above $0.1 for the first time ever in the second week of April.
By the time it was peaking in on 7th May, Dogecoin was 17000% up its January prices. This had pushed its market cap to $89 Billion, making it one of the 10 most valuable cryptocurrencies at a price of $0.74.
12 months later, Dogecoin has lost close to 90% of this peak price and market cap. But it still features among the top 10 most valuable virtual currencies.
Dogecoin Price Prediction
Dogecoin is yet to recover from the mid-2021 price crash. It attempted a comeback during the mini-market rally in November 2021 but could only reach $0.30 before crashing again during the early 2023 crypto market meltdown.
Nevertheless, investor interest in the meme coin has been on the rise and so are analyst opinions. Today, the majority of crypto experts are confident that DOGE can sustain its current uptrend. They also believe that Dogecoin will rebound and possibly set a new all-time high before the end of the year, if the market resumes its late 2021 price rally.
Crypto analysts at Coinquora, for instance, are massively bullish about Dogecoin’s future price action. They are confident that if the market rebounds, DOGE can hit $0.17 by the end of 2023, race to $5 by the end of 2025, and extend this uptrend past $10 by the turn of the decade.
Technical analysts at PricePrediction.net are also optimistic about Dogecoin’s future performance. Their analysis points to a value gain towards $0.18 for the meme coin by the end of the year, a break above $1 within the next 5 years, and a sustained uptrend that pushes it past $4 in the next 10 years.
Much of this optimism can be traced back to the growing investor interest in the altcoin. It could also be attributed to Dogecoin’s resilience seeing that it has already survived two massively volatile market crashes. More importantly, it is credited to Elon Musk’s continued support for the altcoin as well as a thriving online community, especially on Twitter and Reddit.
Don't Miss: Dogecoin Price Prediction
Is Dogecoin A Good Investment?
Dogecoin is a speculative investment whose value is driven by hype. It has an ROI of close to 14000% and is expected to continue with this uptrend in the foreseeable future.
But to best answer the question of whether it is worth investing in Dogecoin today, we need to look at both the factors that make it a good investment and the risks of investing in Dogecoin in 2023.
Reasons to Buy Dogecoin
1. Proven resilience
You might consider buying Dogecoin because it has proven to be a highly resilient cryptocurrency - able to withstand even the most volatile crypto market crashes. You need such an investment in your portfolio.
2. Increased use cases
Dogecoin's adoption as a store of value and medium of exchange are rising. Elon Musk has also promised to allow Tesla buyers to pay in DOGE and joked about making the official crypto for Twitter. Additionally, more ecommerce stores currently accept doge payments, which helps catalyze its value gain.
3. A growing community of supporters
From endorsements by the likes of Elon Musk and Mark Cuban to a massive following on Twitter and Reddit, Dogecoin’s community of followers is growing fast. These have been instrumental in hyping the meme coin’s price action and are expected to continue contributing to its uptrend in the foreseeable future.
4. Stellar past price action
Dogecoin has already posted an excellent past price action. Moving forward, it is expected to replicate this and possibly gain more value at a faster rate owing to a growing community and rising crypto adoption.
Risks of Buying Dogecoin Today?
1. Stiff competition
Dogecoin faces stiff competition from such other meme coins as Shiba Inu, Samoyedcoin, and Floki Inu. These have eaten into meme coin market dominance and are expected to continue robbing DOGE of investors who believe the Musk-backed joke coin is priced in.
2. Massive price volatility
Like all other cryptocurrencies, Dogecoin is massively volatile. Only buy the meme coin if you can stomach the massive price dips that are characteristic of the meme coin. These vary from double-digit drops in a matter of hours to 90% crashes in a few months.
3. Poor development plans
Unlike most other meme coins that have active development teams and a properly laid out roadmap, Dogecoin has no solid development team or long-term goals.
Best Ways To Buy Dogecoin
While discussing the top exchanges to buy Dogecoin, we pointed out the different ways through which different exchanges let you buy DOGE.
In this section, we look at the three most popular ways of buying Dogecoin. These are:
Buy Dogecoin With Credit Card or Debit Card
You can directly purchase Dogecoin by using your everyday bank card - including Visa, MasterCard, and more. The process pans out like any other online transaction.
You simply have to specify the amount of Dogecoin you want to buy, and your online broker will execute the purchase for you.
When you are ready to sell your coins, the money will be transferred to the debit card you used to make the purchase.
Credit cards and debit cards are one of the most accessible payment methods. They are supported by the majority of top exchanges that list Dogecoin. You may want to buy Dogecoin via an exchange that supports card deposits because the deposits are instantaneous.
Further, cards often carry relatively high maximum deposit limits and most trading platforms do not charge deposit-processing fees.
You only have to pay the transaction charge imposed by your card provider.
Buy Dogecoin With PayPal
Apart from bank cards, another popular method to fund your Dogecoin purchase is using an e-wallet. Depending on your online broker, you will have multiple choices with this payment option - such as PayPal, Neteller, Skrill, and others.
You can also choose to buy with PayPal. Today a growing number of crypto exchanges, like eToro, support PayPal as a deposit method. You may want to buy Dogecoin via an exchange that supports PayPal deposits because these payments are instantaneous and usually free.
Buy Dogecoin With Bank Deposit
Virtually all crypto exchanges will let you fund your Dogecoin purchases with bank deposits. They all support bank wire transfers as it is arguably the most accessible payment option. The upside to buying DOGE with Bank deposits is that most exchanges do not have a maximum deposit limit for bank transfers.
The downside, on the other hand, is that bank deposits take long before they reflect in your exchange account - which often leads to requotes. At eToro, for instance, it takes between 3 and 8 business days for bank deposits to reflect in your trading account.
Best Dogecoin (DOGE) Wallet
The Dogecoin development provides DOGE investors with three wallet options. Multidoge and Dogecoin Core are desktop wallets for Windows, Linux, and macOS devices, though you also have the option of a Dogecoin wallet - available for Android smartphones.
But there also are a host of third-party wallets that support Dogecoin. These include exchange-provided wallets like the eToro mobile wallet app and standalone third-party wallets like Exodus or MetaMask.
For maximum security, however, we recommend that you invest in a hardware wallet that stores the private keys for your DOGE tokens offline.
How to Choose an Online Exchange to Buy Dogecoin
The most important step while thinking about how to buy Dogecoin is to find a reliable online broker that can guarantee both security and transparency on all your investments.
On third-party crypto platforms, you can purchase Dogecoin in exchange for other digital currencies. However, it is likely that such exchanges do not hold a license from a regulatory body - and as such, this option is best avoided.
On the other hand, if you choose a regulated platform, your interests as an investor will be protected, and your money will be safeguarded.
With that in mind, let us take a look at the different metrics that will help you find a trustworthy cryptocurrency broker in your hunt to buy Dogecoin.
To elaborate on the previous point, it is best that you give priority to the regulation of your broker when deciding how to buy Dogecoin online.
This is primarily because when a broker is unregulated - it means that there is no authoritative body monitoring them.
On the other hand, regulation from serious and well-respected bodies such as the FCA, CySEC, and ASIC will ensure that you are protected against a broker that is willing to exploit unwitting and inexperienced investors.
Besides, unregulated spaces can also be prone to security threats - meaning your trading capital will always be at risk. Even if such exchanges are well-intentioned, in case your money gets into the wrong hands, you will be on your own.
- At the other end of the spectrum - on regulated brokers, the safety of your funds is given the highest priority.
- These platforms must keep client funds at segregated bank accounts, partner with top-tier banks, and implement other security measures.
- Furthermore, some regulated brokers will also have compensation schemes that will provide additional protection to your capital and offer maximum transparency.
Alongside the safety of your trading money, you also have to consider how you are going to store your Dogecoin.
- One way to do this is to choose a regulated broker that also offers crypto-wallet services.
- This way, you can keep your Dogecoin investment at your brokerage platform itself - safeguarding all your trading funds and digital assets under one roof.
The alternative is to withdraw your digital asset from the brokerage account and store it in a third-party crypto-wallet. However, in this case, you will also be responsible for the safekeeping of your private key (your Dogecoin wallet password).
When choosing an online broker, the ease and convenience of purchasing Dogecoin with your preferred payment method is essential.
In the early days of cryptocurrencies, it was a hassle to get your hands on a digital coin. The only payment option available was the protracted method of wire transfer - where you would likely need to wait for days or even weeks for your transaction to be processed.
The best Dogecoin brokers will allow you to deposit and withdraw your funds using a variety of payment methods.
You will have the option to choose between a conventional wire transfer to instant transactions with debit/credit cards. Some crypto brokers - such as eToro, are also compatible with e-wallets like Neteller, PayPal, Skrill, and more.
Fees and Commissions
Before getting on board with a Dogecoin broker, you will want to contemplate what your investment goals are and how much you are willing to pay in trading fees.
Dogecoin brokers make money through trading commissions and fees in return for giving you access to your desired market. This allows them to offer top-notch trading services, as well as give you unhindered access to the cryptocurrency of your choosing.
That said, such trading fees involved can easily add up. For this reason, when you select an online broker to buy Dogecoin, you should make sure that you have checked what fees are involved.
Online crypto brokers differ in terms of the fees involved. Often, it varies based on the size of the investment you make on Dogecoin.
Let us paint you a clearer picture:
- At the cryptocurrency exchange Coinbase, you are liable to pay 1.49% on all trades.
- As such, you pay this when you buy a digital currency, and also when you sell it.
- For instance, if you create a $1,000 buy order - you will end up paying $14.90 (1.49% of $1,000) in commission.
- If you had increased your stake to $5,000, your commission would add up to $74.50
To elaborate further, here is how a practical trade on Dogecoin will work:
- You decide to invest $1,000 on Dogecoin with a buy order.
- If paying a commission of 1.49% - you hand over $14.90 to the broker.
- After a while, your Dogecoin investment is now worth $2,000 - and so you decide to cash out.
- Again - you are liable to pay 1.49% in commission - which is $29.80.
- So in total, your commission on this trade amounted to $44.70
As is obvious from this example, what might strike as a negligible fee can easily add up to a considerable sum - that can eat away your profits.
That is why you need to be completely aware of what you are getting into when deciding on a broker. That said, you can also find online brokers that charge you zero-commissions on cryptocurrency trades - such as eToro.
In addition to trading commissions, you should also be wary of any transaction fees involved while making deposits and withdrawals from your trading account.
Other Important Factors
While regulations and trading fees are at the forefront of our selection criteria, those are not the only factors that determine the efficiency of an online broker.
If you need a seamless user experience, you should also consider the following aspects of the Dogecoin platform:
- User-Friendliness: The user-friendliness of an online broker will determine how easy it is for you to place Dogecoin orders on the platform. Even with dozens of features and numerous resources, if you cannot navigate the website easily - it will only make the process more complicated. An easy-to-use interface will also ensure that the platform appeals to both beginners and seasoned traders alike.
- Minimum Investment: Brokerage platforms also differ in terms of minimum investments. While some brokers allow you to buy Dogecoin with a smaller amount of capital, others might demand a stake in the hundreds of dollars.
- Storage: As we mentioned earlier, you will also have to think about how you are going to store your Dogecoin. Some brokerages come integrated with crypto-wallets that allow you to store your digital currencies at no extra cost. This way, you do not have to worry about finding a provider that offers safe digital wallet services.
Come Up With A Dogecoin Investment Plan
Prior to actually buying Dogecoin via your crypto platform of choice - it is important to first come up with an investment plan!
Every cryptocurrency investor will have a strategy in mind that allows them to make trading decisions based on their goals.
This enables you to leave the emotional factors on the curb, so you can prepare yourself to stay unaffected by short-term market fluctuations of Dogecoin.
In this highly volatile market, timing is everything. Higher risks might lead to significant profits - but, you need to think about your investment objectives.
For those who are complete beginners, here we outline a few popular Dogecoin strategies to consider.
Long-Term or Short-Term
While reviewing how to buy Dogecoin - one of the first things to decide is whether you want to be in the game for the long or short-term.
If a short-term plan is what you have in mind - your aim is to benefit from short-term price movements of the Dogecoin marketplace.
In this case, you will be placing buy orders on Dogecoin with your online broker - and cash out your position within weeks, days, or sometimes even minutes.
As cryptocurrencies enjoy a largely volatile market - you can see significant changes in prices throughout a single trading day. Therefore - if you are able to correctly time your orders, you can make attractive gains via short-term investing.
On the other hand, if you opt for the long-term strategy - you do not have to concern yourself with short-term fluctuations of Dogecoin at all. Instead, you will ‘buy and hold' your Dogecoin for weeks, months or years, until the time feels right for you to cash out and maximize your gains.
Target Dogecoin Price
As we mentioned above, it is best to have a clear objective when you think of how to buy Dogecoin. Many traders set this goal in terms of target prices.
- Say you invest in Dogecoin at an entry price of $0.055.
- Your goal is to double your investment.
- As such - you want the price of Dogecoin to increase to $0.110.
- If your objective is to triple your investment - your target price will be $0.165, and so on.
This might seem a nearly impossible goal to target. But considering the attention that Dogecoin has received in the last couple of months - it might be achievable after all.
To give you an idea - on December 31, 2020, Dogecoin was priced at $0.0046 per coin. Fast forward to two months later - and the price of Dogecoin stood at $0.056.
That is an approximate increase of 1,117% - which makes it seem that exponential profits are indeed possible,
Consider Regular Investments
The concept of investment is often associated with staking large sums on an asset. However, you can also make profits by making smaller but consistent investments.
For instance, you could buy Dogecoin by staking modest amounts on a regular basis instead of risking all your trading capital in one go.
This approach is more slow and steady but allows you to limit your risks to a minimum. Since cryptocurrencies are highly volatile - it is possible that you can make decent returns in the duration of weeks or months.
If choosing this path - you will need to find an online broker that has set its minimum investment amount on the lower end. This will allow you to stake smaller sums on Dogecoin without having to risk large amounts.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Buy Dogecoin - Full Guide
Now that you understand everything you need to know before buying Dogecoin, we now need to look at the DOGE token buy process.
For illustration purposes, we will provide you with a step-by-step guide on how to buy Dogecoin on the popular eToro exchange.
Step 1: Register a crypto trader account
Since the introduction of online brokers, it has become extremely easy for you to open a trading account to invest in Dogecoin. The process is not so different than setting up a user account on any other financial service.
Open the official eToro website and click the “Join Now” tab on the user dashboard to begin the account creation process. Complete the registration form that pops up - it only asks for such personal details as your name and address as well as your trading experience.
Step 2: Verify your identity
The next step to buy Doge is to provide personal details, including your name, phone number, email, home address, and date of birth. Regulated brokers will also require a photo-ID, like your passport or national identity card.
For proof of your residential address - you can usually present a utility bill or bank account statement. If you have all the required documents ready - the process can be completed very quickly, and your account will be set up on the brokerage platform.
Step 3: Fund the account
Log in to your approved eToro trading account and on the user dashboard, click on the “Deposit” tab. You will be presented with a list of payment options - based on your country of residence. Choose one and follow the prompts to complete the deposit - noting that you only need to deposit a minimum of $10 to start buying DOGE tokens.
Step 4: Search for Dogecoin
On the user dashboard, click the “Discover” tab, and from the list of available markets and choose “Crypto.” From the list of all the supported crypto assets, find Dogecoin.
Step 5: Buy Dogecoin
Click on the “Buy” option. A trading tab will pop up requesting you to customize the trade by entering the amount of cash you wish to spend on the trade or the number of Dogecoin you wish to buy. Click on the “Open Trade” button to complete the purchase.
Note: eToro will deposit the purchased DOGE tokens in the exchange-provided digital wallet. But you can freely move them to the eToro mobile wallet app or forward them to an offline wallet or other third-party online and exchange wallets.
Step 6: Storing your Dogecoin
Similar to how we store our fiat currencies in banks, cryptocurrencies are also stored in wallets.
One option to do this is via a third-party exchange. However, these spaces are not regulated - and your assets will be vulnerable to internet security threats.
Alternatively, you can also choose an online broker that offers digital wallet services on its platform. As these are regulated, you can confidently entrust such brokerages with the safety of your Dogecoin.
How To Sell Dogecoin
When learning how to Buy Dogecoin, your goal is to invest in the digital asset in order to turn a profit in the future. Most online brokers allow you to not only buy Dogecoin but also sell it with the same ease and convenience.
This way, you do not even have to move your digital assets to another wallet. You can hold them on the brokerage platform - until you think it is the right time to cash out your Dogecoin and make a profit.
On regulated platforms, you can exchange your Dogecoin for a fiat currency and withdraw the money back to your bank account, debit/credit card, or e-wallet.
How To Buy Dogecoin - The Verdict
Our extensive guide on where to Buy Dogecoin has provided you with all the information you need to plan your investment strategy.
To conclude - always make sure that you choose a regulated online broker who holds at least one license from a respected authoritative body. This will ensure that your trading capital and digital assets are protected at all times.
Dogecoin is arguably the most popular meme coin. Investor interest in the coin and its community of supporters on the coin has been on a steady rise.
In this article we have discussed why you might consider buying Dogecoin today. We have also discussed some of the best places to buy Dogecoin today and gave you a step-by-step guide on how to buy Dogecoin on eToro for as little as $10.
eToro – Best Place To Buy Dogecoin
Open an account with eToro, deposit some funds with USD, and finally – buy Dogecoin from just $10.
FAQs Buying Dogecoin
What is the best place to buy Dogecoin?
We would recommend eToro as the best place to buy Dogecoin because of its highly intuitive interface, a wide range of supported payment methods, low trading fees, and affordable trading minimums.
How to buy Dogecoin?
Find a reputable crypto exchange, and create am account here. Verify your identity and proceed to deposit funds into this account then buy Dogecoin
Is Dogecoin worth buying in 2023?
Dogecoin is worth buying in 2023 because it has proved its resilience by surviving the most brutal crypto crash. It is also worth buying because investor interest in the meme coin is on the rise and its community is growing. These are expected to help fuel its recovery over the next few months.
How to buy Dogecoin via PayPal?
The list of crypto exchanges that support PayPal deposits is on the rise. Some of the perks of buying Dogecoin with PayPal is that deposits are instantaneous and exchanges like eToro do not charge a deposit processing fee.
What will Dogecoin be worth in 2023?
The crypto market is wildly volatile at the moment and Dogecoin prices unpredictable. Therefore, no one can tell with utmost accuracy what Dogecoin will be worth in December 2023, but the majority of analysts and investors are confident that DOGE token prices will rally to new highs if the market escapes the current dip.
Is it risky to buy Dogecoin?
Much like any other financial asset, buying Dogecoin also involves risks. What you can do is educate yourself so that you can time the market correctly to best mitigate your losses.
Will Dogecoin ever reach $1?
It is possible that the Dogecoin price will eventually break above $1. But considering its supply of 132 billion DOGE tokens and the fact that the market is currently consolidating, it will most likely take a few years before hitting this parity with the dollar. The majority of analysts estimate that it will get here in the next 5 years.