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- 1. How & where to buy Dogecoin (DOGE) online
- 2. How to buy Dogecoin instantly in 3 simple steps
- 3. Where to buy DOGE easily
- 4. Best exchanges to buy Dogecoin (DOGE), reviewed
- 5. How to trade DOGE
- 6. What is the best way to pay for Dogecoin (DOGE)?
- 7. How do I store Dogecoin (DOGE)?
- 8. Is Dogecoin (DOGE) a good investment?
- 9. Is now a good time to buy Dogecoin?
- 10. FAQs
How & where to buy Dogecoin (DOGE) online
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Trade your favourite markets with our top-rated broker, .
10/1077% of retail CFD accounts lose money.
Dogecoin tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Dogecoin this way. Follow our quick step guide below.
How to buy Dogecoin instantly in 3 simple steps
Copy link to sectionTo buy Dogecoin you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.
Step 3. Buy Dogecoin token
Copy link to sectionType DOGE into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Dogecoin tokens! It’s as simple as that.
Where to buy DOGE easily
Copy link to sectionThe overall best exchange to buy Dogecoin for beginners is eToro .
Here are the top five places to buy Dogecoin, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Dogecoin (DOGE), reviewed
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
How to trade DOGE
Copy link to sectionYou can trade Dogecoin on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how DOGE crypto trading works:
- Monitor the price: Let’s say the price of DOGE/USDT is $1. You read the price charts and decide that now is a good time to start purchasing DOGE.
- Open a trade: You trade one USDT for one DOGE ($1 for 1 DOGE).
- Continue to monitor the price: The next day, one DOGE token is now worth $2, a 100% increase.
- Close your trade: You trade your DOGE token back to USDT for $2.
In this example, you buy and sell Dogecoin, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Dogecoin (DOGE)?
Copy link to sectionThe simplest way to buy Dogecoin cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for DOGE.
- Buy Dogecoin with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Dogecoin with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Dogecoin with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Dogecoin (DOGE)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Dogecoin then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Dogecoin wallets to use are MetaMask and the Ledger Nano S.
Is Dogecoin (DOGE) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Dogecoin and its token to help you decide whether to invest in DOGE.
- Dogecoin is a light-hearted alternative to Bitcoin. Like Bitcoin, Dogecoin is a peer-to-peer digital currency. But rather than forming the vanguard of a new decentralised financial system, Dogecoin is a bit of fun. It was originally created as a way to tip online content creators and its price had never gone above a couple of cents prior to 2021.
- Elon Musk regularly moves the price with his tweets. Dogecoin was catapulted to public prominence when Elon Musk, head of Tesla and Twitter, started posting memes about it from his Twitter account. Musk’s tweets often move the price and his endorsement carried Dogecoin to an all-time-high prior to his Saturday Night Live appearance in 2021.
- Dogecoin is one of many ‘meme’ coins. Meme coins are crypto assets where their value is based on online hype on social media messageboards like Twitter and Reddit or Telegram. These coins hold no inherent value, in that they don’t have real-world uses in the way that other digital currencies like Bitcoin or Ethereum do.
- One of Dogecoin’s founders has been critical of the project. Billy Markus and Jackson Palmer created Dogecoin as a satirical take on cryptocurrency. Markus remains involved and is on the Dogecoin board, but Palmer has been vociferous in his criticism of the crypto industry as a whole.
Use this quick summary of pros and cons to compare Dogecoin with other, similar projects.
Pros
Copy link to section- Dogecoin has been around a long time and is one of the most well-known cryptocurrencies
- Many people believe (or hope) that Musk will introduce Dogecoin as a means of payment on Twitter
- The Dogecoin community is welcoming and fun
- Low transaction fees and a relatively cheap price means that it’s easy to get involved in Dogecoin
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Dogecoin (DOGE) performed this year?
Copy link to sectionThe current Dogecoin price today is $0.13, which is 79.36% below its all time high of $0.63, which it reached on 9 May 2021. DOGE is down 23.52% this year, with a 52 week high of $0.28 and a 52 week low of $0.05.
Is now a good time to buy Dogecoin?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Dogecoin, selling Dogecoin, and trading DOGE are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Dogecoin.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of DOGE, then a good time to purchase Dogecoin is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Dogecoin and selling it the next day probably isn’t why you’re here either.
Regardless, closely following DOGE price news & analysis will help you decide when to pull the trigger:
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FAQs
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