DOGE has also attracted considerable media attention in the past year and has been included in the top 10 list of crypto coins based on market capitalization. At the time of writing, DOGE sits at position 12.

In this blog, we aim to provide you with a detailed guide on how to buy Dogecoin in the UK and what cryptocurrency exchanges choose to trade and invest in crypto.

Where to Buy Dogecoin in the UK – Our Top 3 Platforms

1. eToro – FCA Regulated Crypto Platform

eToro is regulated by the FCA, the Securities and Investments Commission of the Financial Conduct Authority, making it ideal for buying Dogecoin in the UK. You can deposit GBP via bank transfer, Paypal, credit and debit cards, Skrill and Neteller e-wallets, and more – their range of supported deposit methods is larger than most crypto platforms.

The Economic Times rated eToro as one of the best crypto platforms in 2022. It also achieved a milestone of over 20 million users by the end of 2021, some trading stocks, forex, commodities, and ETFs that are also available on the platform.

eToro also offers copy trades and smart portfolio features, so if you’re a beginner rather than trading yourself, you can choose to replicate the buys, sells and portfolio allocation of a more experienced investor with a high ROI at the last 12 months. Simply use eToro’s social trading feature to find a professional Dogecoin trader with good reviews.

To buy Dogecoin on eToro.

Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Binance – Cryptocurrency exchange with the highest trading volume

Another popular cryptocurrency trading platform where you can buy Dogecoin is Binance. It has the highest trading volume among all trading platforms worldwide. It offers a variety of assets for traders, including over 500 crypto-to-crypto and fiat-to-crypto pairs.

Binance exchange charges a 0.1% commission for trading. Investors must pay an even lower fee if they hold BNB coins, Binance’s native cryptocurrency.

To buy Dogecoin on Binance.

Your capital is at risk.

3. Coinbase: the most popular crypto platform

base of coins it is the largest cryptocurrency broker in terms of the number of registered users. It offers a user-friendly experience and a simple Coinbase Pro exchange, where users can log in with the same credentials. Fees to buy Dogecoin and 100+ cryptos are 0.1%, or lower if you trade very high volume.

Coinbase has strict KYC (know your customer) compliance rules, for example you will be asked to upload a selfie and traders investing in crypto with large amounts of funds may be asked to prove the source of their funds.

UK traders should also note that withdrawals to UK banks are not yet supported, although you can buy cryptocurrency and transfer it from the exchange to yourself in a wallet that allows you to withdraw money.

Buy Dogecoin on Coinbase.

Your capital is at risk.

What is Dogecoin?

Created in 2013 as a joke, doecoin it has now become immensely popular among cryptocurrency enthusiasts. Software engineers Billy Markus and Jackson Palmer made this coin following the popular “skeptical Shibe” dog meme. The coin even features the face of the “Shibe” meme dog.

Despite being created as a joke, the coin became an instant hit. It was widely used on the popular social media platform Reddit. Little by little, it made a name for itself in the list of top cryptocurrencies to invest in. Traders and investors began to see it as a promising investment option and not just a currency used for fun.

Dogecoin allows peer-to-peer transactions like Bitcoin and uses a proof-of-work mining system. Just like the more famous Bitcoin cryptocurrency, when miners verify transactions on the Dogecoin blockchain, they get Dogecoin as a reward. According to some research, the Bitcoin code has actually been copied and used for DOGE by its original creator.

It should be noted that, unlike Bitcoin, the circulation of Dogecoin is not limited. This means that while the Bitcoin supply limit is 21 million coins, there is no end to the number of Dogecoin that could circulate. The coin has received widespread speculation and its mention by influential businessmen like Elon Musk has definitely added to the rise of its reputation.

Dogecoin Price

With 100 billion coins in circulation, the price of Dogecoin did not increase significantly until the end of 2020. During 2020, its price remained mostly around $0.0025.

Then in 2020, when Elon Musk tweeted about DOGE, it piqued the interest of the masses. During the first two months of 2021, Musk continued to tweet. Celebrities like Snoop Dog also shared his interest. This led to an increase in value and thousands of people around the world are now familiar with the coin.

The current price to buy Dogecoin in the UK is around £0.10 GBP per coin ($0.14 USD) and its all-time high was just over $0.74 USD.

Dogecoin Price Prediction

In January 2022, Elon Musk confirmed that Tesla would begin accepting Dogecoin as a form of payment for merchandise. That may result in less selling pressure on DOGE and allow it to revisit its all-time high of just over £0.60 GBP in 2022.

the crypto markets have been in a fix for three months at the time of this writing – once Bitcoin finds a bottom, we can expect a rally in the price of altcoins, which is known as ‘altcoin season’ and meme coins like DOGE tend to do better in those conditions, rallying by several hundred percent.

The next Bitcoin halving will also take place in 2024 and more positive and institutional adoption. news exiting within the crypto space; for example, India has recently relaxed its legal stance on cryptocurrencies. That opens up the possibility of a billion people investing in Dogecoin and similar meme coins, which tend to be popular in bull markets.

How to buy Dogecoin Spain – Step by Step

For a safe and profitable way to buy Dogecoin online, follow the guide below.

Step 1: Open an Account

Opening an account with eToro is the first step. just go to eToro website and click the “Join Now” tab at the top.

• Enter your email address and a password.
• Check your email by clicking the link received in the email. (Be sure to check your spam folder in case you don’t find it in your inbox.)

Step 2: Upload your IDs

In order to comply with local regulatory laws, eToro requires you to upload certain documents to verify your identity. These documents include-

• Passport or Driver’s license or DNI
• Utility bill/bank statement with details for the last 3 months (for proof of address)

Step 3 – Deposit Funds

Fund your eToro account to buy Dogecoin. Deposit methods include:

• Bank transfer (takes a while to reflect in your account)
• Debit/credit card (Visa, Maestro, MasterCard)
• PayPal
• Neteller
• Skrill
• wire transfer

Step 4 – Search for “DOGE”

Once the deposits are made, you are ready to buy Dogecoin.

• Search for “DOGE” by typing it in the search box.
• Once Dogecoin appears, click on the ‘Trade’ button.

Step 5: Buy Dogecoin

• In the ‘Amount’ box, enter the Dogecoin share you wish to purchase. (Currently the minimum transaction is £7).
• Click ‘Open Trade’ to complete the purchase of your Dogecoin stake.

Within a few minutes, you can successfully open your eToro trading account to buy Dogecoin in the UK. eToro is an FCA regulated crypto platform.

To buy Dogecoin on eToro.

Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.

Buy Dogecoin UK – The Verdict

We have explained all the aspects involved in buying and selling Dogecoin in the UK. From the best brokers available to the risks associated with trading and investing in Dogecoin, this guide gives you all the details you need to know to make a decision.

When it comes to selecting the right platform to buy Dogecoin UK wisely, eToro is our recommendation. eToro is regulated by institutions such as FCA, CySEC and ASIC, which guarantees its safety and security. Its user-friendly interface is an added bonus. The minimum investment is £7 and you only pay the spreads on the purchase you make.

buy Dogecoin in the UK on eToro.

Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Furthermore, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

This article is brought to you by Crypto PR and does not necessarily represent the views of The Herald.