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Although there have been some ups and downs in recent months, investors continue to buy Dogecoin as much as ever.
How to buy Dogecoin with PayPal
Since the beginning of 2021, Dogecoin has posted a stellar performance that caught the attention of almost every crypto enthusiast in the community. Although there have been some ups and downs in recent months, investors continue to buy Dogecoin as much as ever.
While there are many different ways to invest in Dogecoin, in this article we will focus on one of the most popular payment methods in the world: PayPal.
Let’s review some of the basic features of this interesting crypto and explain how to buy dogecoin with paypal.
How to buy Dogecoin with PayPal 2022 – Summary
In case you don’t have enough time to read our entire guide, here’s a quick rundown of how you can buy Dogecoin through PayPal.
Follow these simple steps and make your investment in a matter of minutes:
- Step 1 – Create an eToro account – Go to the official eToro website and press ‘Join Now’ to create an account. Fill in the necessary information, such as email, name, phone number, etc., and verify the account through a photocopy of your passport/driver’s license.
- Step 2: Fund your account with PayPal – To fund your new account, click ‘Deposit Funds’ and select PayPal as your deposit option. Follow the instructions on how to connect your PayPal account and write how much money you want to transfer.
- Step 3: Buy Dogecoin – Use the search box and type ‘DOGE’ to find the crypto. Next, click ‘Trade’ and enter the amount of DOGE you wish to purchase. To finalize the purchase, press ‘Open Trade’.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Dogecoin – Overview
Dogecoin is often considered the “leader” of meme coins. It was launched in 2013 as an open source P2P coin. Interestingly, the main idea behind this was for it to serve as a “sarcastic” alternative to Bitcoin.
Both the Dogecoin name and logo are based on the Shiba Inu dog, one of the most popular memes on the internet.
Although the project started as a joke, there are certain use cases when it comes to its blockchain. For example, the unlimited supply and the low price are interesting advantages.
While the early years of Dogecoin were not very promising, things changed in 2021 when the price of a single token skyrocketed. This was mainly due to endorsements made by influential businessmen like Elon Musk, Mark Cuban and Snoop Dogg.
The Dogecoin price reached its all-time high in May 2021, but has since gone through a series of declines. Nonetheless, the developers have announced some pretty exciting plans for 2022 that have attracted a lot of investors looking to make a profit in the coming months.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Dogecoin Price Prediction
Since Dogecoin is essentially a meme coin that doesn’t provide much use to incumbents, the growth of this coin will mostly depend on the amount of support it receives from influential figures on social media.
However, as we said, the developers have announced the release of several new features that would improve the usefulness of the token. For example, one of the main goals is to make Dogecoin a suitable payment alternative for users from all over the world.
Furthermore, Elon Musk has reported that his company will launch a Dogecoin-funded space mission somewhere in the first half of 2022, which will inevitably increase its value.
That said, a reasonable Dogecoin price prediction for 2022 would be to end the year somewhere around $0.3.
In the long term, we can expect Dogecoin to reach an all-time high of $2.5 to $3 in the next few years, most likely by the end of 2026.
Of course, this will all depend on the volatility of the crypto market and whether there are new significant shocks. For example, the Coronavirus was something that no expert could have predicted.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Benefits of buying Dogecoin with PayPal
When buying Dogecoin, users have tons of different payment methods to choose from. However, there are certain benefits to buying DOGE with PayPal that other options simply don’t include.
Let’s review these benefits.
Fast deposits/withdrawals
The main advantage of PayPal is that users can make deposits and withdrawals almost instantly. For the fast-paced world of cryptocurrencies, many traders find this feature immensely important, especially when they notice new opportunities and want to take advantage of them immediately.
advanced security measures
One of PayPal’s main trademarks over the years has been stellar security measures. High-quality data encryption system makes accounts hack-proof.
Supports multiple currencies
With over 25 supported currencies on PayPal, users have a lot of flexibility when it comes to buying Dogecoin profitably. PayPal makes it easy to receive payments in dollars and then exchange them for euros, with just a few clicks of a button.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to buy Dogecoin with PayPal
Considering the fact that PayPal is one of the most popular online payment platforms, it is no wonder that almost all crypto exchanges list it. However, not all exchanges offer the same products. For more detailed information, please read this amazing guide on how to buy dogecoin 2022.
Here is a list of the best cryptocurrency exchanges that you can use to buy Dogecoin with PayPal.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
eToro – Best Overall Exchange to Buy Dogecoin with PayPal
When it comes to features, fees, and other factors, eToro stands out as by far the best cryptocurrency trading platform.
In terms of security, eToro is regulated by some of the major bodies like FinCEN, FCA, CySEC, FINRA, and ASIC.
However, the main benefit of eToro is the ridiculously low fees. The platform incorporates a spread-based system, which means that no transaction fees are charged for opening a trade. For trading doges, both parties pay a small amount, which is around 0.75%.
Not only that, but deposits are also free, with a minimum deposit of $50 for new users, a very low price compared to the industry average.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Binance: the largest selection of assets
The second best platform to buy DOGE with PayPal is Binance. With the largest asset collection in the industry, users can choose from over 500 crypto assets to invest in.
There are also many advanced features such as charting tools and technical price indicators. However, when it comes to fees and security, Binance does not offer many advantages compared to eToro.
Coinbase: The Best Educational Resources
For beginners looking for educational resources on how to start trading cryptocurrencies, Coinbase may be the ideal solution. With over a hundred reading materials and video guides, there aren’t many platforms that can compare to Coinbase in this regard.
The main drawback of Coinbase is the price. In addition to the fixed margin fee for DOGE transactions, the platform also charges a fixed fee that is based on users’ trading volume.
How to buy Dogecoin with PayPal: step-by-step guide (eToro)
Lastly, let’s look at a more detailed guide on how to buy Dogecoin with PayPal. As we said, eToro is the best option for this endeavor and it is the crypto exchange that our guide will focus on.
Crypto assets are a highly volatile unregulated investment product. No UK or EU investor protection.
Here are the steps you can take to buy Dogecoin with PayPal in no time.
Step 1 – Create an eToro account
If you don’t have an eToro account yet, you can go to their official website and click ‘Join Now’ to create one.
Fill in the personal details, such as your name, phone number, address, date of birth, and provide a valid email.
The platform is very strict on AML regulations, so you will also need to upload a photocopy of your driver’s license or passport in the ‘Full Profile’ menu to verify the account.
Verification takes only a couple of minutes, and then you’re ready to go.
Step 2 – Fund your account with PayPal
Open the main panel of eToro and click on “Deposit”. Select PayPal as your desired payment method, which you can find in the small dropdown menu in the right corner of the screen.
You will see detailed instructions that you need to follow to connect your PayPal account to eToro. After completing this, you can enter the amount of money you wish to transfer (minimum is $50).
Step 3: Buy Dogecoin
The last step: buy your first DOGE!
Use the search bar in the left corner and type ‘Dogecoin’ to find the token. Then click ‘Trade’ and enter the exact amount of DOGE you wish to purchase (minimum is $10).
Double check if everything is correct and complete the purchase by clicking ‘Open Trade’.
How to buy Dogecoin with PayPal: the takeaway
Finding the right way to buy Dogecoin with PayPal can sometimes be a bit confusing, especially if you are a beginner trader. We hope that this guide has helped you through the whole process and that you have already successfully purchased your first DOGE token.
While it is not difficult to find a platform that incorporates PayPal for Dogecoin purchases, it takes quite some time to discover the one with the best deals.
Considering all the different factors, we recommend that you purchase through eToro. As one of the crypto leaders exchange platforms In the industry, eToro can be used by both new and experienced traders.
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