Our recommended exchange, Coinbase, charges 0.5% to 4.5% per transaction depending on the size of the transaction. The interface on every exchange will differ slightly, but the general process will likely be similar. You can use any of the exchanges that I mentioned above or consider doing your own research to find a different exchange that you like.
Most trading platforms listed in this guide allow investors to deposit the minimum amount using fiat methods. The account creation process is the same for all cryptocurrency platforms. Users will need to input the relevant details, sign in, and upload the KYC documents. Unfortunately, there have been rising calls in the government to make the crypto market more regulated. Most exchanges will support many different cryptocurrencies, but there isn’t yet one that supports all of them.
Peer-to-Peer (P2P) Exchanges
It started off as a joke based on the popular “Doge” meme featuring a Shiba Inu dog. DOGE is built on similar technology as offshore bitcoin wallet for storing and holding cryptocurrency Bitcoin but offers faster and more affordable transactions. It quickly gained a following and has become a popular cryptocurrency in its own right. The first step to buying Dogecoin is open an account with a reputable cryptocurrency exchange where you can buy, sell and trade DOGE.
Are there any fees?
- Similar to BTC and LTC, DOGE is a payment coin that relies on a proof-of-work consensus that requires miners to run hardware to generate new blocks and support on-chain transactions.
- Unfortunately, it’s not yet possible to cash out from Atomic Wallet directly, as the app doesn’t support crypto-to-fiat conversions.
- Throughout its history, Dogecoin has proved to be a highly lucrative digital asset.
- Dogecoin can also be found on decentralized exchanges, where you can coordinate peer-to-peer transactions.
- In just three simple steps, you can start investing in this popular digital currency.
You can also purchase crypto using beginner-friendly investment apps like Robinhood. NFTevening is an award-nominated media outlet that covers NFTs and the cryptocurrency industry. Before making any high-risk investments in complete monero guide cryptocurrency or digital assets, investors should conduct thorough research. Please be aware that any transfers and transactions are done at your own risk, and any losses incurred are entirely your responsibility.
How to buy other crypto assets
- Users can engage with the simple interface to invest in Dogecoin quickly.
- The Ellipal Titan is a hardware cryptocurrency wallet that offers users a secure way to store and manage their digital assets.
- Next, add a payment method like Visa, MasterCard or a bank account.
- This is a risk with exchanges, as they’re a very attractive prospect for hackers.
Choose to trade cryptos and hit the ‘BUY’ option against Dogecoin from the list of supported cryptocurrencies. For the step-by-step guide to buying crypto that we have outlined above. You can buy your first DOGE token on eToro with just $10 deposit funds into your account. In this how to buy Dogecoin guide, we have explained what Dogecoin is and where to buy Dogecoin.
Step 4: Search for Dogecoin (DOGE)
Prior to making any purchase, it is important to evaluate how it aligns with your existing investment portfolio and be mindful of the potential risks. Once your account is verified, you will need to fund your account through wire transfer or ACH transfer. A wire transfer transfers money directly from your bank account to the brokerage account, while an ACH transfer can be done through a third-party application.
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 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. Once you’ve bought DOGE, transfer it to a cryptocurrency wallet for safe-keeping. It’s often possible to store Dogecoin on the exchange you’ve bought it on, while some platforms will offer exchange-specific wallets that you can use to store DOGE.
Fees to Consider
BanklessTimes.com is dedicated to helping customers learn more about trading, investing and the future of finance. We accept commission from some of the providers on our site, and this may affect where they are positioned on our lists. This affiliate advertising model allows us to continue providing content to our readers for free. If Dogecoin experiences wider adoption in the coming years, or if changes in government regulations facilitate more cryptocurrency investment, it could climb back toward its highs.
The company has a great reputation among customers and an excellent crypto app rating on Google Play and App Store. It’s also possible to fund an eToro account with a debit card, Klarna, Sofort, Skrill, bank transfer, and Neteller, giving users a variety of popular options to buy Dogecoin. Cryptocurrency as an asset class is riskier than other more traditional investments. Investing in cryptocurrencies based on memes or hype, like Dogecoin, is even riskier than investing in established digital assets with strong fundamentals. That being said, there’s strong community support for DOGE and buying well below all-time high prices may present a good opportunity.
Dogecoin, born as a playful meme in 2013, has evolved into a trending digital asset capturing the attention of crypto enthusiasts worldwide. Its charm lies not just in its humorous roots but in its active community and practical uses, such as fast, low-cost transactions. Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.
This means its value may slip sharply over a short period of time, effectively exposing you to serious losses. Perhaps the best way to buy Dogecoin is when the overall cryptocurrency market goes through a dip. This happens when the price of top crypto market caps go through a downward trend. In addition to its beginner friendliness, Coinbase features on the list of best Dogecoin exchanges because of its deep liquidity and support for a wide range of digital assets. This means that even large Dogecoin buy/sell orders get filled fast, and you also get to interact with a decent range of DOGE trading pairs. Over the past few years, hundreds of crypto trading platforms have sprouted – with many of these going ahead to list Dogecoin and offer multiple DOGE trading pairs.
Ensure to do your own research before proceeding to buy Dogecoin or any other crypto. Despite being a tad light on utility, Dogecoin (DOGE) has made cryptocurrency news and analysis a mark for itself in the crypto space, consistently ranking as one of the top 10 assets by market cap. Here is a guide on how to buy Dogecoin and everything else you need to know.
