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According to Dogecoin supporters, this currency is headed “to the moon”. But if you haven’t bought crypto before, it may not be clear how you buy Dogecoin. In this guide, we will show you how to buy Dogecoin on eToro.
Our guide will cover everything you need to know, from how to open an account, to how to set up a crypto wallet, to how to buy Dogecoin. Ready to start? Read on to learn how to buy Dogecoin on eToro.
How to Buy Dogecoin on eToro – Quick Guide
To help you buy dogecoin As quickly as possible, we break the process down into a few simple steps:
- Step 1 – Open an account with eToro. Go to the eToro website and click Join now to open a new account.
- Step 2 – Verification. By uploading proof of identity and address, your business account will be verified in minutes.
- Step 3 – Deposit. Fund your new eToro account with at least $10.
- Step 4 – Search for Dogecoin. Search for DOGE or Dogecoin on the eToro dashboard and click Trade.
- Step 4: Buy DOGE. Enter the amount of Dogecoin you want to buy in US dollars (minimum $10), then click open trade.
That’s it! By following these steps, you can buy Dogecoin on eToro in less than 5 minutes.
Crypto assets are a highly volatile unregulated investment product.
How to buy Dogecoin with eToro – Tutorial
The above guide covers the basics of how to buy Dogecoin on eToro. But if you want more details, we’ve broken down each step so you can invest in the best meme coins with low rates today.
Step 1 – Open an eToro account
For a start, go to the eToro website and click Register. Enter your email, and then choose a username and password for your new business account. On the next page, eToro will ask for your name, phone number, zip code, and birthday.
Step 2: Verification
In order to be eligible for Know Your Customer, eToro requires you to verify your identity. You can take a photo of your driver’s license or passport and upload it to the platform to complete this step. You will also need to verify your address by uploading evidence of your residency. This can be a recent utility bill or bank statement.
Step 3 – Deposit Funds
eToro requires a minimum deposit of $10 for all new accounts in the US. You can pay by Visa or Mastercard debit or credit card, PayPal, Neteller and Skrill. eToro also accepts wire transfers with a minimum deposit of $500.
This means that you can buy the best alternative currencies with a whole range of payment methods that adapt to your needs.
Step 4 – Set up a crypto wallet (optional)
You do not need an eToro Dogecoin wallet to buy Dogecoin. However, it may be useful to have air conditioningcryptocurrency wallet if you want to send or receive cryptocurrencies.
eToro offers a free crypto wallet app for iOS and Android. Simply download the app from Google Play or the Apple App Store and then log in with your eToro username and password.
Step 5: Search for Dogecoin
Head over to your eToro dashboard and look for the search box at the top of the page. Enter DOGE or Dogecoin and click Trade when Dogecoin appears in the search results. This will open a new order form.
Step 6: Buy Dogecoin
Enter the amount of Dogecoin you want to buy in US dollars. You can select a stop loss or take profit price, which are normally used to trade eToro Dogecoin instead of investing for the long term. When you’re ready, click Open Trade to complete your Dogecoin purchase.
How to sell Dogecoin on eToro
To sell your Dogecoin on eToro, follow the same process as buying it. The only difference is that after opening a new order form, you will need to click Sell at the top of the form. Then enter the amount of Dogecoin you want to sell and click Open Trade.
Did you know that many crypto investors are HODLing when it comes to DOGE? That’s because it is considered one of the best long term crypto investments. According to CoinMarketCap.comif you had bought DOGE at the time of its ICO, the ROI (return on investment) would have been 20,480.52%.
How much does it cost to buy Dogecoin on eToro?
Buying and selling Dogecoin on eToro is inexpensive compared to other major cryptocurrency exchanges. You will pay a flat 1% transaction fee when you buy Dogecoin and an additional 1% transaction fee when you sell. eToro does not charge extra if you buy crypto with a credit card, debit card, or eWallet.
It is also worth noting that eToro charges a 0.5% transfer fee if you send coins from your trading account to your eToro Dogecoin wallet. eToro has a $5 fee for all cash withdrawals.
eToro Dogecoin Review
Why should I buy Dogecoin on eToro? as one of the most undervalued cryptos In today’s market, eToro makes the cryptocurrency trading process accessible to all beginners.
First of all, eToro has some of the lowest fees of any major exchange. You only pay 1% of your total purchase price when you buy Dogecoin and there are no additional fees for using a credit card. Other exchanges charge 3-4% for similar transactions.
Another benefit of eToro is that you can buy much more than just Dogecoin. The platform offers trading in more than 50 defi coinsso you can too buy bitcoin or Ethereal. If you have Dogecoin in eToro’s Money crypto wallet, you can instantly trade between any of eToro’s supported tokens.
eToro also supports cryptocurrency trading. You’ll find customizable technical charts complete with nearly 100 popular indicators. A sentiment indicator shows you what the trading community thinks about Dogecoin when the market is volatile, and expert analysis helps you understand the latest Dogecoin news.
Additionally, eToro offers a social trading network so you can connect with other Dogecoin traders. You can share trading strategies, discuss the latest news, and more. For more active eToro Dogecoin trading, you can automatically copy experienced crypto traders with some or all of their portfolio.
It is important to note that eToro is reliable. This exchange is regulated by the UK Financial Conduct Authority, a top-tier global regulator. eToro also provides 24/7 customer support via phone and email.
advantages
- Competitive 1% transaction fee
- Trade almost 50 cryptocurrencies
- Technical charts and indicators
- Social network with copy trading
- 24/7 customer support
cons
- Charge a wallet transfer fee
- No support for decentralized finance apps
Crypto assets are a highly volatile unregulated investment product.
Conclution
Buying Dogecoin with eToro is simple, cheap and fast. You can start and own Dogecoin in less than 5 minutes while paying some of the lowest fees in the industry. In addition to that, eToro offers a cryptocurrency wallet and advanced tools to actively trade cryptocurrencies.
Since all Dogecoin investors on eToro have BUY positions, you may be looking for a Dogecoin Price Prediction. Ready to buy Dogecoin on eToro? Get started today and find out if this popular currency can reach the moon!
Crypto assets are a highly volatile unregulated investment product.
frequent questions
Does eToro have Dogecoin?
How can I buy Dogecoin on eToro?
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