Dogecoin is a popular cryptocurrency that was created as a joke in 2013. However, it has since gained a lot of traction and is now one of the most traded cryptocurrencies in the world.
If you’re interested in buying Dogecoin, eToro is a great platform to use. eToro is a social trading platform that allows you to buy and sell cryptocurrencies alongside other investors.
In today’s blog post on MyBankGeek, I will walk you through the steps on how to buy Dogecoin on eToro. All you have to do is to read and follow the instructions in this article.
Can You Buy Dogecoin on eToro?
Yes, you can buy Dogecoin on eToro.
eToro is a popular social trading platform that allows you to buy and sell cryptocurrencies with no hassle.
Why Should I Buy Dogecoin on eToro?
eToro is a popular social trading platform that allows you to buy and sell cryptocurrencies, stocks, commodities, and other assets. It’s a popular platform for beginners, as it’s easy to use and has a wide range of features.
How to Buy Dogecoin on eToro
- Create an account
Go to the eToro website and click on the “Join Now” button.
You’ll need to provide some personal information, such as your name, email address, and phone number. You’ll also need to create a username and password.
- Verify your identity
eToro requires you to verify your identity before you can start trading. This is a standard security measure that helps to protect users from fraud. You can verify your identity by uploading a copy of your government-issued ID and proof of address.
- Deposit funds
Once your account is verified, you’ll need to deposit funds.
eToro accepts a variety of payment methods, including credit cards, debit cards, bank transfers, and PayPal.
- Search for Dogecoin
Once your account is funded, you can search for Dogecoin on eToro’s platform. Type “DOGE” into the search bar and select the cryptocurrency from the results list.
- Place an order
To buy Dogecoin on eToro, you must place an order. You can do this by clicking on the “Invest” button.
Enter the amount of Dogecoin you wish to purchase and confirm the transaction.
- Store your Dogecoin
After your purchase is complete, you can store your Dogecoin in eToro’s wallet or transfer it to an external wallet for safekeeping.
What Are the Fees For Buying Dogecoin on eToro?
When buying or selling Dogecoin on eToro, you will pay a fee of 1%. This fee is deducted from your balance immediately. So if you purchase 100 Dogecoin, you will see 99 Dogecoin in your wallet upon purchase completion.
Can You Withdraw DOGE From eToro?
Yes, you can withdraw DOGE from eToro.
What Are the Risks of Buying Dogecoin?
Dogecoin is a volatile asset, and its price can fluctuate wildly. This means that you could lose money if you buy Dogecoin. It is important to do your research and understand the risks involved before you invest any money on Dogecoin.
Pros And Cons Of Buying Dogecoin on eToro
- Low trading fees: eToro charges a flat 1% fee for trading all crypto assets on the platform, which is relatively low compared to other exchanges.
- Easy to use: eToro’s platform is easy to use, even for beginners. You can buy Dogecoin with a few clicks of a button.
- Social trading: eToro’s social trading feature allows you to follow and copy the trades of other successful investors. This can be a great way to learn about Dogecoin and how to trade it.
- Wide range of payment methods: eToro accepts a wide range of payment methods, including credit cards, debit cards, bank transfers, and e-wallets. This makes it easy to fund your account and start trading.
- eToro is not available in all countries: eToro is not available in all countries. You can check the eToro website to see if it is available in your country.
READ MORE: How to Buy Bitcoin on eToro
Buying Dogecoin on eToro is a simple and easy process. If you follow the easy steps I shared above, you would be able to buy Dogecoin on eToro with no hassle.
NOTE: Cryptocurrencies are a volatile asset class, and your investment could go up or down in value. Therefore, it is important to do your own research and have more knowledge before you invest your money in Dogecoin or any cryptocurrency.
Mike Sandro is a seasoned finance professional with years of experience in the banking and payments industry. He has a keen interest in mobile payment platforms, including Cash App, Venmo, Zelle, and more, and has closely followed their growth and evolution over the years.
Mike’s expertise in the field of mobile payments has earned him a reputation as a thought leader in the industry, and he has contributed to numerous blogs and publications on the subject. He is passionate about helping people make the most of these platforms, whether it’s through sharing tips and tricks or providing in-depth analysis of the latest trends and developments.