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How to buy Dogecoin with PayPal in 2023
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79% of retail CFD accounts lose money
Firstly, the most important question to answer is: can I buy Dogecoin with PayPal?
No, PayPal doesn’t allow you to purchase cryptocurrency. However, you can use PayPal to fund a trading account and buy Dogecoin that way.
You just need a crypto exchange that accepts PayPal deposits. And we’re here to help.
How to buy Dogecoin with PayPal – a step-by-step guide
It takes about 15 minutes to buy DOGE with PayPal. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with eToro
We recommend eToro as the best platform to use to buy DOGE with PayPal.
Step 2. Create an account
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Make a deposit via PayPal
Enter how much you want to deposit and select PayPal as your payment method from the list of options.
Step 4. Use the search box to find Dogecoin
Use the search box on the home page to search for Dogecoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase
Enter how much Dogecoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Dogecoin will show up in your exchange account.
Top Dogecoin platforms that accept PayPal
1. eToro. Best for beginners, copy-trading & demo-account
Pros & Cons
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.
Quick answers to key questions
Can I buy crypto with PayPal?
Yes, you aren’t limited to buying Dogecoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support PayPal as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is PayPal safe?
Yes, it’s completely safe to use PayPal. The only risk to look out for is to make sure you sign up to a regulated PayPal Dogecoin broker when buying Dogecoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Dogecoin via PayPal?
It depends on the broker. A broker like eToro charges a flat 1% fee on all crypto trades. Other platforms may be slightly above or below that figure, but it shouldn’t be significantly different.
Can I store Dogecoin in my PayPal account?
No, Dogecoin isn’t one of the cryptocurrencies you can store on PayPal at the moment. The four available coins are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Why don’t more crypto platforms support PayPal?
Many do, but merchants must pay a fee to PayPal for accepting payments from the service. Some platforms choose not to pay it, and so don’t accept PayPal deposits.
Should I buy Dogecoin using PayPal?
PayPal is a convenient way to fund your crypto trading if you already use it for your day-to-day purchases. However, Dogecoin isn’t one of the cryptos you can invest in directly through the platform.
That means you need to find a crypto broker that accepts PayPal. Many do, but it isn’t universal. So you need to check this before you sign up to any platform.
- It’s convenient to buy Dogecoin using the same method as you use for day-to-day purchases
- PayPal transactions are instant so you can deposit money to your trading account straight away
- Easy to set up a PayPal account using just your name, number, and email address
Is there an alternative to buying cryptocurrency with PayPal?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Dogecoin purchase.
Yes, you can buy Dogecoin with PayPal on Coinbase.
No, you can’t link your PayPal account to Cash App.
Go to the account settings to make a deposit. Enter the details and choose PayPal from the list of payment options. If it is available, you’ll then be asked to add your PayPal account details before confirming the payment.
Yes, more or less. You have to transfer money from your PayPal account to a crypto trading account, and then buy Dogecoin. But this process is quick and may only take a few seconds.
No, you have to link your PayPal account to a debit card or bank account. You also must provide KYC in order to set up an account with a crypto broker, so it’s difficult to remain anonymous.
More ways to buy cryptocurrency
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 >