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Dogecoin remains one of the most popular cryptocurrencies to buy. If you’re interested in learning how to invest in this popular digital currency, this guide is for you.
Within it, not only do we explain how to buy Dogecoin with an SEC-regulated broker – but we also discuss whether or not this meme coin is worth adding to your portfolio.
If you are looking for a quick and easy way to buy Dogecoin today in the US, follow the steps outlined below.
We will show you how to buy Dogecoin on eToro, a popular online broker that is regulated by the SEC and has listed over 50 different cryptocurrency assets.
Step 1: Open an eToro Account
You will first need to visit the eToro website online or via your mobile browser. Click on the ‘Join Now’ button and when prompted, enter your personal information and contact details. Don’t forget to add a secure username and password.
Step 2: Deposit Funds
You will need to deposit at least $10 before you can buy Dogecoin at eToro. For the fastest deposit method possible, choose from a debit or credit card. Other payment methods supported by this broker include ACH, domestic bank wire, and e-wallets like Neteller.
Step 3: Search for Dogecoin
Now that you have funds in your eToro account, type Dogecoin into the search bar at the top of the screen. When you see Dogecoin appear from the list of supported markets, click on the ‘Trade’ button.
Step 4: Buy Dogecoin Coin
The final step of the Dogecoin investment process will require you to fill out a simple buy order form. For this, all you need to do here is enter the amount of money that you wish to invest in Dogecoin, from $10 upwards. And finally, to place your Dogecoin order, click on the open trade button.
By following the simple step-by-step walkthrough outlined above, you have just learned how to buy DOGE in the US with an SEC-regulated broker.
The process from start to finish should take you no more than 5 minutes, which includes getting your account verified. If, however, you need a more detailed and thorough walkthrough – read on.
For a breakdown of where to buy Dogecoin online today, consider the brokers and exchanges reviewed below.
The platforms that we discuss for your perusal offer a safe and convenient way to invest in DOGE tokens – not least because they all support USD payments via debit/credit cards and bank transfers. Furthermore, these leading crypto exchanges offer some of the most undervalued cryptos so you can diversify your portfolio with low fees and tight spreads.
We analyzed thousands of online cryptocurrency brokers and exchanges and found that eToro is by far the best place to buy Dogecoin and all the other best altcoins to buy. The most important aspect of choosing eToro as your go-to broker is that the platform is regulated by the SEC and registered with FINRA.
Moreover, for added protection, you will be pleased to know that the broker is also regulated by licensing bodies in Europe and Australia. Irrespective of whether you are a seasoned pro or a complete beginner, you will appreciate that eToro offers some of the lowest trading fees in this space.
For example, when you deposit US dollars into your account with a debit or credit card, you will not pay any transaction fees. Compare this to the likes of Coinbase, and you will pay 3.99%. This zero-fee deposit offering is also the case with e-wallets like Skrill and PayPal, as well as ACH and domestic bank wires.
Another thing to note is that when you buy Dogecoin at eToro, you only need to cover the spread. We found that in most cases, the spread at eToro on cryptocurrency trades starts from just 0.75%. In addition to a strong regulatory framework and industry-leading fees, we also like eToro’s budget-friendly framework.
For example, when you buy Dogecoin or any other best shitcoin or crypto for that matter, you only need to risk $10. This is the case regardless of how much your chosen digital currency is trading for. And as such, you can buy expensive coins like Bitcoin with a very small amount of capital.
Another top-rated feature offered by eToro is its Smart Portfolios. Put simply, by investing in a crypto-related Small Portfolio, you can inject capital into a diversified basket of tokens. Best of all, your Smart Portfolio will be managed by the eToro team, which promotes a passive investment experience.
eToro is also the best app to buy Dogecoin as its mobile crypto app is supported by both iOS and Android if you’d rather trade on a handheld device.
The next exchange to consider when learning how to buy Dogecoin is Crypto.com. Although this platform was only founded in 2016, it is now one of the largest exchanges in the cryptocurrency trading arena. It attracts billions of dollars in daily volume and now serves millions of clients of all skill sets.
Perhaps one of the most attractive features of using Crypto.com is that the process of opening an account, uploading an ID, making a deposit, and subsequently buying Dogecoin can be completed in just 5 minutes. This is because Crypto.com uses automated verification tools, so your government-issued ID will be validated near-instantly.
Furthermore, to complement its fast KYC processes, Crypto.com allows you to buy Dogecoin with a debit/credit card in real-time. Although the process at Crypto.com is both simple and fast, we should note that debit and credit card deposits will cost you 2.99%. This is more expensive than eToro, which charges no fees on Visa or MasterCard payments made in US dollars.
Another great perk of using Crypto.com to buy Dogecoin is that you can easily diversify across many other digital currency markets. Crypto.com hosts over 250 different coins of all shapes, sizes, and market capitalizations. In addition to this, Crypto.com also offers fully-fledged savings accounts.
In a nutshell, these crypto savings accounts allow you to earn interest on digital tokens that you own and hold on the Crypto.com platform. The specific APYs and terms of the lock-up period will depend on a variety of factors. For example, if you want to earn the highest yield possible, you will need to stake a minimum number of CRO tokens and lock your digital assets away for at least 3 months.
You can visit the Crypto.com website to view the platform’s full list of supported coins, yields, and lock-up terms. Another thing we like about Crypto.com is that the platform offers digital asset lending services. This means that by depositing a popular coin like Dogecoin, Bitcoin, or Ethereum, you have the opportunity to borrow additional digital tokens.
Another online broker that allows you to buy Dogecoin in a matter of minutes is Binance. This cryptocurrency exchange is the largest platform in this industry, with more than 100 million clients on its book.
However, Binance has a dedicated platform for US clients, which offers more than 60 digital currencies. In terms of how to buy DOGE at Binance, you have two options if you wish to use US dollars. The cheapest way is to deposit funds with a domestic bank wire or ACH. This is because Binance will not charge you any transaction fees.
The other option you have is to deposit funds with a debit or credit card. The payment will be processed instantly once you have uploaded your ID, albeit, Binance will charge you 4.5% in fees. Furthermore, you will also pay an instant buy fee of 0.5%, taking the total debit/credit card charge to 5%.
On the other hand, if you have digital currencies stored in a private wallet, you can deposit the funds into Binance and subsequently swap the tokens for Dogecoin at just 0.10% commission. When it comes to security, we must make it clear that Binance is not regulated by any licensing body.
To counter this risk, Binance offers a wide range of security controls to ensure your funds are kept safe. For example, when you first register an account, you will be required to set up two-factor authentication. This will then be required on each login attempt thereon.
Binance has also implemented IP address whitelisting, which means if you try to log in from a new location, an additional security check is enforced. Another security feature offered by Binance is its SAFU feature. This is a reserve pot that collects funds from transaction fees and which will subsequently repay account holders in the event of a hack.
Binance has both spot trading on a DOGE/USDT pair (trade Dogecoin against Tether) and the option to margin trade DOGE on leverage
While Binance is typically used by cryptocurrency investors with prior experience, Coinbase caters to an entirely different demographic. That is to say, Coinbase is best used by those with little to no experience in trading digital currencies like Dogecoin online.
To get the ball rolling with Coinbase, you will initially need to create an account by entering some basic personal information before uploading a copy of your government-issued ID. Once verified, you can then buy Dogecoin with US dollars across a variety of supported payment methods. For example, if you elect to transfer funds via ACH, you won’t pay any deposit fees.
Instead, when the funds arrive, you will pay a standard commission of 1.49%. If speed is important to you, then you can also buy Dogecoin in the US with a debit/credit card or PayPal. Coinbase will, however, charge you a fee of 3.99% when using these payment methods. Furthermore, additional fees will apply when you elect to make a withdrawal.
On the flip side, although Coinbase is an expensive broke to consider using when you buy Dogecoin, it is one of the most trusted platforms in this industry. For example, Coinbase has been trading since 2012, which makes it one of the longest-standing cryptocurrency exchanges in the online arena.
Coinbase is also a public company listed on the NASDAQ exchange, which adds further scrutiny from regulatory bodies. And of course, Coinbase as an entity is regulated to offer cryptocurrency brokerage services in the US. In addition to this, Coinbase offers even more security when you consider that it keeps 98% of client digital funds in cold storage.
Another reason to consider buying Dogecoin at Coinbase is that the platform offers more than 50 other digital currencies on its website. Moreover, you can access every supported market online or via the provider’s mobile app. Coinbase offers a secure Dogecoin wallet which also comes in the form of a mobile app for iOS and Android.
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