Compare the best Dogecoin brokers in 2022

Despite starting out as a joke, Dogecoin has become one of the most popular cryptocurrencies in the world. This guide takes you through the best places to buy some.
By: James Knight
James Knight
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work,… read more.
Updated: Jan 20, 2022
Tip: our preferred broker is, eToro: visit & create account

This beginner’s guide takes you through the best Dogecoin brokers and how to choose them. Find out what to look out for and get your key questions answered right here.

What are the best Dogecoin trading platforms?

The table below includes a list of the best platforms available right now. Our team of experts has been through all the top brokers to review them and narrow the selection down to the best of the best. You can sign up with any one of these straight away, or scroll down to learn more about how to compare them.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

What is a Dogecoin broker?

A platform where you can buy or sell Dogecoin. Cryptocurrency brokers (which are also known as trading platforms) offer coins at a fixed price so that you can buy or sell them instantly.

How do brokerages work?

They offer Dogecoin at the market rate with a slight markup that represents their profit. Each time a user places a buy or sell order, the broker takes the other side of the trade so that it goes through instantly.

In many ways, this is a similar process to how a bureau de change works with regular currency. Along with that, some brokers offer a much more advanced interface where you can trade against the real time price using contracts for difference (CFDs).

What’s the difference between a broker and an exchange?

The main difference is who you’re trading with. With a broker, you’re dealing directly with the platform itself, which sets the price or offers the means to speculate on a price in real time. On an exchange, you buy and sell from other people – known as ‘peer-to-peer’ transactions – and the price is set by supply and demand. To learn more, a comprehensive guide about the best Dogecoin Exchanges have been written by our financial experts.

Generally speaking, brokers are easier to use for beginners while exchanges offer more advanced features for experienced users. The trade-off for that simplicity is that brokers tend to be a bit more expensive.

How do I use a Dogecoin broker?

It’s very simple, as all you have to do is go to the website and find the price. If you’re happy with it, create an account, deposit some money and you can get started right away.

To make a trade, you need to put in the amount you want to spend, check any fees that might be added on as a commission, and hit ‘buy’ to execute it.

The best Dogecoin trading platforms for beginners, traders, and long-term investors

The best broker for you might depend on your trading goals, your  budget, and your level of experience. Here we’ve picked out the best broker for each different type of investor.

The top broker for beginners

As a beginner the most important things are simplicity and helpful advice. Look for a platform that makes it easy to get started, and provides a wealth of tutorials and information to help you.

1
Min. Deposit
$1
Promotion
User Score
10
FCA regulated crypto exchange with 4500+ digital assets available for trading
Supports users from over 100 countries including the US and Canada
Withdraw your funds using PayPal or other payment methods
Start Trading
Description:
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
Payment Methods
3d Secure Credit Card, Credit Card, Debit Card, Euro Bank Account
Full regulations list:
Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.

The top platform for day traders

Day trading means making lots of moves with the aim of turning a small profit on each one. Low fees are a must, while a variety of trading options, such as CFDs, and extra features are important too.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

The top platform for long term buyers

For those who want to build wealth over time, then you want to be able to get coins and hold them in a safe place. Look for a platform that includes an app or wallet where you can hold the Dogecoin you buy.

1
Min. Deposit
$10
Promotion
User Score
10
Instantly switch between your crypto and traditional currency with zero fees and up to 3% savings
Spend your crypto and fiat currencies with realtime conversion at point-of-sale and instant crypto rewards
Cryptoback™ rewards pay out up to 1.5% in BTC every time you use your Wirex card in-store
Start Trading
Description:
Wirex is a digital payment platform with a mission - to make crypto and traditional currencies equal and accessible to everyone. Wirex innovative mobile app and next-gen Wirex card lets users buy, store, exchange and spend a wide variety of conventional and digital currencies quickly and securely, with no hidden fees and zero fuss.
Payment Methods
Credit Card, Debit Card, Wire Transfer
Full regulations list:
FCA

What should I look for in an online trading platform?

Each broker is different and the best one depends on the factors that are most important to you personally. Some charge low fees but have fewer trading options, others offer the best price but only a limited number of ways to pay. Have a read through the list below so that you know what to look out for.

Design and ease of use

Find a platform that makes it easy to make trades. You want to find one with a simple, clean interface so that you can easily find the features that are most important to you. If it has a quality app then that’s another positive, so you can buy or sell Dogecoin on the move.

Price

Different platforms can vary quite dramatically on price and it’s a good idea to compare a few to get a good idea of which ones are competitive. The fees or commission a broker charges are included in the price they charge for each coin – known as the spread – so you can easily compare across platforms.

Payment charges

Along with trading fees, brokers also charge for making deposits and withdrawals. Again, this varies across platforms and can be anything from nothing to up to 5% on every transaction.

Reputation

You want to be sure that a broker can be trusted with your cash. In the UK, brokers have to be regulated, so make sure to check for FCA (Financial Conduct Authority) approval on their website. The experience of other customers can also be a good guide to the reliability of a platform, so look for reviews online to see what other people think.

Variety of coins

Any broker that offers Dogecoin is going to offer leading coins like Bitcoin and Ethereum as well. If you want to own some other altcoins then you might have to look further afield and it’s important to check whether they’re available with the broker you choose.

Trading options

If you’re an active trader then you want to find a broker with lots of extra features. That might mean the ability to trade with leverage or to short-sell Dogecoin. These features are sometimes available to everyone, while some platforms only offer them to traders who pass more extensive financial checks or have been active for a certain period of time.

Quick answers to key questions

Do brokers charge commissions or fees?

Yes, brokers normally charge a fee for trading as well as deposits and withdrawals. Sometimes the fee is included as part of the Dogecoin price that’s displayed, other times it’s an extra on top. Look out for additional fees for depositing using certain payment methods, such as PayPal or a credit card.

The best way to tell how much a broker charges is by looking at the difference between its buy and sell prices for a coin. That difference is known as the ‘spread’ and includes the cut that the broker takes on each trade.

Do I have to verify my identity?

Yes, you will have to provide a form of photo ID to confirm your identity. Brokers are regulated by the FCA (in the UK) and equivalents elsewhere, and part of that means they have to comply with Know Your Customer (KYC) regulations. 

Can I buy multiple cryptocurrencies?

Yes, there is no limit to the number of different coins you can buy. The only restriction comes from what the broker offers. Generally, brokers stick to the biggest and most popular cryptocurrencies, but there’s nothing to stop you opening multiple accounts with different brokers, or using an exchange to access a wider range of coins.

Do I need a wallet to use a Dogecoin trading platform?

No, you can usually buy and sell coins without a wallet. Your broker account will provide some form of digital wallet so that you can leave your coins on the platform. You can choose to move the coins into a wallet after you’ve bought them.

If you’re trading Dogecoin using CFDs, then there’s no need for a wallet. With CFDs you never take ownership of the coins at all.

Should I use a broker to buy and sell Dogecoin?

It depends on your goals and your level of experience. Brokers are extremely easy to use and are a great place for anyone to get started. We would recommend a broker as the best place to make your first trade. Just note that the convenience comes with a premium compared to what’s available on an exchange.

Still undecided?

To help you decide if a broker is the right option for you, we’ve summarised the most important pros and cons of using one below.

Pros

  • A broker is the easiest way to buy Dogecoin instantly
  • They’re regulated platforms that offer a variety of trading options
  • More advanced traders can use them to trade with leverage or speculate with CFDs

Cons

Should I buy Dogecoin now?

That depends on the DOGE current price and how long you want to hold it for. If you want to trade it quickly, or are new to cryptocurrency and want somewhere to get started, then a broker is an excellent choice. For better prices and more options to swap between coins, then an exchange might be the right choice.

If you want to hold Doge for a while and expect the price to rise over time, then the right move might be to act sooner rather than later. Alternatively, for short term traders, then the future of the cryptocurrency is of less importance. You want to brush up on your technical analysis skills to identify the right time to get involved. You should also follow the latest news to track anything that might affect the price.

Dogecoin (DOGE) has advanced from $0.05 above $0.44 since the beginning of April, and the current price stands around $0.27. The current trend of this cryptocurrency remains bullish, but when trading Dogecoin, you should have in mind that the price could also weaken even more in the upcoming days. Fundamental…
Dogecoin (DOGE) price is trading over 10% lower today as the retreat from the highs continues. Fundamental analysis: Bitcoin and WallStreetBets have the same goal, according to Max Keiser American broadcaster and Bitcoin supporter Max Keiser said the much-discussed Reddit forum WallStreetBets (WSB) is similar to Bitcoin as both…
Dogecoin (DOGE) price has exploded over 100% higher this week after a viral TikTok challenge. Trading volumes also erupted to help facilitate a move to levels last recorded in October 2018. Fundamental analysis: TikTok helps DOGE Dogecoin trading volumes skyrocketed almost 2,000% over the last two days, as TikTok…

Where can I learn more about Dogecoin?

Invezz has all the information you need. If you’re looking to learn more about how to buy Dogecoin, or cryptocurrency in general, then we have lots of beginner-friendly resources to help you. Otherwise, go right ahead and pick a broker from the table above to start trading now.

Will I have to pay tax on the profits I make?
Are Dogecoin trading platforms anonymous?
Can I access my full trading history with a broker?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.