Similar to online share trading platforms, these are most suitable for DIY investors who want to manage their investments themselves. Wajeeh Khan is a financial researcher and writer with 7 years of experience. He has immense exposure to a range of financial assets, including stock, cryptocurrencies and forex – and is particularly well-versed in asset valuation, analysis, and portfolio management. Since 2016, Khan has worked with notable online platforms within financial journalism, including Invezz, Trading-Education, Dog of Wall Street, and News Break.
Place Your Order for Dogecoin
This means that if you had invested in Dogecoin in early 2014 and HODLed, you would have grown this capital by more than %. In obedience to changing market trends, Dogecoin’s value started to drop as soon as bears started dominating the market in 2018. The crypto community was, however, already drawn to Dogecoin’s lucrativeness. During the 2017 crypto bull run, however, Dogecoin mimicked the crypto market’s fast uptrend. To help you get started, our analysts have reviewed tens of the most popular and most reputable altcoin exchanges.
Enter the amount of Dogecoin you want to buy
This then extends to its highly navigable and easy-to-use trading interface and multiple Dogecoin investing options – including the instant buy feature. You will also be provided with a free and equally secure mobile crypto app and wallet that encrypts and stores the private keys for your crypto assets on the root storage of your mobile device. At the time of writing, for example, you only need $10 to start buying Dogecoin on eToro. The exchange doesn’t charge a commission, and you will only have to part with a fixed transaction fee of 1% of the Dogecoin trade amount. Follow this a quick 4-step guide on how to buy Dogecoin on the all-popular eToro crypto exchange.
- One of the most famous incidents was the closure of the Mt Gox exchange in 2014.
- It is one of the most recognised and popular cryptocurrencies and has paved the way for dozens of meme coins, including Shiba Inu and Baby Doge.
- The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).
- The popular payment methods at Uphold include Google Pay, Apple Pay, wire transfer, bank account, and credit/debit card.
Where to Purchase Dogecoin
You can buy your first DOGE token on eToro with just $10 deposit funds into your account. While it does have the qualities of a good long-term investment – like Bitcoin or Ethereum – the meme coins have proved their resilience and sustainability. This, and cryptocurrency trading for beginners its lucrativeness, make it a good short to medium investment.
Decentralized Exchanges
Owing to Dogecoin’s massive popularity, it has been adopted as a payment method by different brands and enterprises. Today, you can use DOGE to pay for goods and services online, pay for tickets to events and festivals, and or settle payments among friends, family, and acquaintances. An important thing to consider is that Dogecoin, or any other crypto asset, is extremely volatile, so you are likely to experience rapid pricing swings.
They eventually settled on the following as the best places to buy Dogecoin today. Here is a brief overview of what makes them the top Dogecoin exchanges. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App.
For example, popular coins like Bitcoin, Ethereum, and Bitcoin can be used to buy Dogecoin. Investing in the coin can be a good idea due to its popularity, which contributes to investor confidence. Also, it’s accepted for payment processing by an increasing number of vendors, thereby increasing the coin’s utility. Finally, Kraken offers an extensive Learn Center that provides the resources to learn all things crypto. The video series is free, and multiple blog posts are available to understand the crypto trading basics. The process of buying Dogecoin is relatively straightforward, but it’s essential that you do your research before investing.
Miner fees are charged when transferring coins like Dogecoin to another wallet or exchange. The fees vary based on the blockchain and the number of transactions occurring at the time and can be embedded in the transaction fee charged by the exchanges. In 2017, Robinhood was a disruptor by offering commission-free trades and what is dogecoin and why is the stock price going down an intuitive platform that eventually served to lower the entry barrier for trading. Its user-centric approach continues to be one of its greatest assets – both the web platform and mobile app have optimized user experience with placing trades taking only a few clicks. Traders can also reduce the negative effects of volatile cryptocurrency with the Market Order Collaring feature. Much like eToro, Webull is also highly regarded for its interactive trading experience.
- Other platforms where you can trade Dogecoin include decentralized exchanges, most notably PancakeSwap and Biswap.
- Despite its humorous beginnings, Dogecoin has since gained a significant following and become one of the top cryptocurrencies in terms of market capitalization.
- You will also be provided with a free and equally secure mobile crypto app and wallet that encrypts and stores the private keys for your crypto assets on the root storage of your mobile device.
- Other than DOGE, eToro supports multiple cryptocurrencies, including BTC, ETH, and other popular cryptocurrencies.
Transferring funds via ACH is a common method as there are no additional costs. However, once the funds arrive, there is a standard trading fee of 0.5%, which is quite high. Users can obtain DOGE tokens with as little as $1 in their account.
Yes, most Dogecoin exchanges have mobile crypto trading apps on the App Store and Google Play. You can download the app and create a new account on your smartphone to start buying Dogecoin. These exchanges are big targets for online attacks, and despite the security measures, major breaches do happen. To circumvent this, it’s advisable to transfer large amounts of coins to a personal cold storage where they will be immune to cyber attacks rather than keeping them in these exchanges. Furthermore, the inflationary nature of the coin means that it’s difficult for its price to reach the same heights as that of other cryptocurrencies like Bitcoin.
Create a strategy that aligns with your overall goals and investment time horizon. Make sure to diversify your portfolio and have a plan in place for when your Dogecoin investment rises or falls. When looking for an exchange, make sure you understand any fees that you might be charged when buying Dogecoin. Please note, it’s not currently possible to buy Dogecoin or other cryptocurrencies in the US using Revolut. Here is a brief overview of how to buy Dogecoin in 2025 for readers who are already familiar with buying cryptocurrency. Since launching 12 years ago, Bankless Times has brought unbiased news and leading comparison in the crypto & financial markets.
NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. If you hold Dogecoin as an investment, you’ll be taxed on any capital gains you make when you sell latest gold news prices and rates across the world it — which includes spending it on goods and/or services. In the US, tax obligations also apply to mining, professional Dogecoin trading and in a range of other scenarios, so make sure you’re fully aware of what you need to report to the IRS.
You can deposit money into your cryptocurrency account through various methods, such as credit or debit cards, depending on the exchange’s policies, as well as your jurisdiction. We list the top 6 exchanges that offer the ability to buy Dogecoin (DOGE) cryptocurrency with a credit card or debit card. If you’re looking for a fully regulated exchange that allows you to buy Dogecoin with no deposit fees then eToro is overall the best place to buy crypto assets.