Where To Buy Dogecoin in USA – Learn How To Buy Dogecoin Stock Today in 2021

Fact Checked by Gary McFarlane

2021 has been the best year for Dogecoin ever since it was created in the year 2013. Dogecoin happens to be one of the most known cryptos following the free marketing by Elon Musk and other authority figures in the investment industry. The Gamestop craze also contributed to the popularization of Dogecoin, whose market capitalization rose to over $6 billion within a matter of months and now has a market cap of over $50 billion.

If you’re thinking about getting a piece of the action, you need to understand the risks, benefits, and what it takes to do so. So every beginner who plans to buy Dogecoin should go through this guide learn how to buy Dogecoin for the first time. Professional traders are welcome, too; let’s learn something new together.

Buy Dogecoin at eToro – The World’s #1 Broker

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  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
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Where to Buy Dogecoin in USA – Overview of the 3 Best Brokers

With so many places to buy cryptocurrency and dogecoin in the US in 2021, it’s important to understand the safest and most reliable places to buy dogecoin. Below, we list the 3 most reputable brokers in the USA today.

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Recommended Broker

Rating

for $ 100 you get
553.3481DOGE
What we like
  • Trade real cryptos and crypto CFDs
  • Licensed broker with deposit insurance
  • Integrated wallet
Fees
Safety
Coin selection
Features
Instant VerificationFor BeginnersWallet ServiceMobile App
Payment methods
Credit CardPaypalSepa TransferSkrillSofort
for $100 you get
553.3481 DOGE

CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.

Recommended Broker

Rating

for $ 100 you get
552.8506DOGE
What we like
  • Amount of withdrawal fee: $0
  • Large amount of cryptocurrencies for CFD trading
  • Minimum deposit: $20
Fees
Safety
Coin selection
Features
Instant VerificationFor BeginnersWallet ServiceMobile App
Payment methods
Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
for $100 you get
552.8506 DOGE

CFDs are complex instruments that have a high risk of losing money quickly due to leverage. 72.6% of retail investor accounts lose money trading CFDs with this provider.

Recommended Broker

Rating

for $ 100 you get
551.4733DOGE
What we like
  • Careful selection of cryptocurrencies
  • Regulated by CBI and MiFID in Europe
  • No commissions and low spreads
Fees
Safety
Coin selection
Features
For BeginnersMobile App
Payment methods
Credit CardNetellerSkrill
for $100 you get
551.4733 DOGE

CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.

How to Buy Dogecoin in USA – 3 Easy Steps

One of the things you’ll love about buying Dogecoin is how easy-peasy it is. In just a few minutes, you can start your investment journey. Here’s how to do it:

  1. STEP 1 – Open an Online Account: The first step is to sign up for a crypto account with a reputable online provider, usually referred to as a broker. There are many brokers where you can purchase Dogecoin, prime among them being; eToro, Coinbase and Robinhood. Signup at eToro here.
  2. STEP 2 – Fund your Account: The process of opening a crypto account will vary from one platform to another, but the differences are minimal. You’ll simply need to provide your details and verify them to get started. Once that is done, you can go ahead and fund your wallet using one of the funding methods available to you on the platform. The most common methods are crypto funding, eWallets like PayPal and Skrill, and Bank Wire transfer. Some platforms accept all these methods, while some, like Binance, only allow crypto funding. Make sure to check to select a dogecoin provider that offers flexibility when it comes to funding.
  3. STEP 3 – Make a Purchase: Once your account is funded, you can purchase your first Dogecoin. Your provider will be responsible for filling your order. Your order will get canceled at the end of the day if there is no liquidity to fill it. You’ll learn more about this process of buying your first Dogecoin as you keep reading this guide.

Where to Buy Dogecoin in USA – Full Broker Reviews

An over $50 billion meme that shakes the core of the traditional investors and even scares institutions like central banks is not only powerful but must have a bright future. Gone are the days when traditional investors questioned the viability of cryptos based on acceptability. Treasury bonds are losing their fashionable place.

There are several online brokers offering Dogecoin. Most of them may not meet your investment objectives and goals. To help you find the best platform to buy Dogecoin today, we will introduce you to three top crypto providers.

1. eToro- Best Overall Crypto Provider

eToro

eToro is our best-rated and highly reputable platform to buy Dogecoin. You have access to 15 varieties of cryptocurrencies on this platform at zero commission. All crypto traders are 100% free when trading with eToro. The platform is licensed by the Commodities Futures Trade Commission (CFTC) and the National Futures Association (NFA).

eToro is popular among beginners because it gives you access to a social trading network. This gives you a chance to share tips or borrow from already successful traders for better decision-making. However, if you struggle to find the right trades, eToro has another solution: find a successful trader and copy their trades. It is a win-win situation. So if you find a trader who has a successful track record of buying and selling Dogecoin, you can commit part of your capital to trade automatically based on their trades.

Pros Cons
Low spreads for Dogecoin and other cryptos. The cryptocurrency order book is hidden.
Advanced social trading network.
Allows and facilitates copy trading.
Good for beginners.
0% commission charged on cryptos.

 

67% of all retail investor accounts lose money when trading CFDs with this provider.

2. Webull – Trade Smarter in Minutes with No Commissions

Want to trade Dogecoin (DOGE) but don’t know where to start? Well, look no farther. Webull is a commission-free trading platform, and its quick rise in popularity has resulted in the addition of other cryptocurrencies to their menu. One such example is Dogecoin, an emerging cryptocurrency that’s been grown from just an internet meme.

Webull wants you to trade smarter, not harder. That’s why Webull offers a commission-free platform that gives you the tools you need to succeed. With thorough stats and quick trade execution, Webull lets you find your trading style without wasting money on fees. Webull makes trading easier and more profitable for you with competitive rates and no commissions. You’ll save on every trade! So trade with Webull and start seeing profits today!

The Webull app is the perfect way to get started investing in cryptocurrency. It’s user-friendly and intuitive, so you can feel confident that you’re making the right choices. With Webull, you’ll have everything you need to make informed investment decisions in just a few seconds.

Buying and selling cryptocurrencies isn’t always easy, cheap, or even possible. Webull makes it convenient by charging no commissions on their crypto trades so you can still get the best deals without paying expensive fees. With Webull’s 1% spread, you don’t have to worry about hidden costs. You can start investing and trade like a pro! So what are you waiting for? Get started with as little as $1 today!

Dogecoin is a fun and exciting way to invest your money. With Dogecoin, you can easily make a profit – and have a lot of fun doing it!

Webull just got even more rewarding! You can now use ACH transfers without any deposit or withdrawal fees, making it the best way to get money in and out of your account. Bank wire deposits cost $8 each transaction, so be sure to take advantage of ACH transfers today.

Pros

  • No commission on trades, ever
  • No account minimums
  • Open your account in just minutes
  • Wide variety of tools for traders
  • No fees trading crypto

Cons

  • Crypto spreads start at 1%
  • Too simplistic for seasoned traders
  • Lack of mutual funds
  • No support for e-wallets or debit/credit cards

Or go to Webull >

67% of all retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Get Started with Dogecoin Trading in Just Seconds

Binance Homepage

Binance is one of the most well-known platforms for anyone looking to get into crypto trading. It’s perfect for buying Dogecoin and allows both day trading and swing trades. Binance was opened to comply with the U.S regulation after the original company was banned on regulatory grounds. It is only regulated in the U.S so be sure to use “Binance US.” Binance is the best destination for buying and selling Dogecoin. Its powerful package of analysis tools will help you make an informed decision on when to buy or sell your favorite currency. Quickly and effortlessly, Binance will guide you toward a better investment future! There is also room for your own customized tools such as indicators and trading robots, meaning you can deploy 100% auto-trading strategies.

Unlike eToro, the entire order book for each crypto is visible in the Binance platform. This allows you to view the real-time momentum of prices. When it comes to trading on Binance, the fees differ according to trading volume and Binance (BNB) balance. Binance is committed to maintaining a maker/taker fee structure that encourages trading activity. Generally, bigger volume trades incur cheaper fees. Debit/credit cards as a payment type incur a fee of 3% to 4.5%. The instant buy and sell fee is 0.50%.

Pros Cons
Great analysis tools Not widely regulated
The order book is visible High commissions for card transaction
Connects to custom tools, including trading robots Binance has encountered regulatory trouble in a number of nations
Low trading commission
Trade with less hassle and stiff fees

 

Or go to Binance >

67% of all retail investor accounts lose money when trading CFDs with this provider.

4. Coinbase: The Most Reliable, Secure Platform for Trading

Coinbase Homepage

Coinbase is one of the most popular crypto exchange platforms globally, boasting a client base of approximately 73 verified million users. The leading competitive edge is that it has made it very easy to buy a cryptocurrency for the first time. For example, it will take less than five minutes to get your account set up and buy Dogecoin for the first time. Supported payment methods are debit/credit cards and bank wire transfers. You’ll pay a commission of 1.49% for every crypto transaction you make on Coinbase, making it one of the costliest platforms. If you intend to use the card deposit method, get ready with a commission of 3.99%.

The Coinbase Pro platform is known for its security, low fees, and high trading volume. Whether you’re new to cryptocurrency or a seasoned trader, Coinbase’s professional exchange will meet your needs.

Coinbase is the perfect platform for investors of all levels. Whether you’re a complete beginner or a seasoned professional, Coinbase has something to offer. Coinbase makes it easy to get started by providing a variety of investment options.

Pros Cons
Great reputation- approximately 73 verified million customers 3.99 fee charged on card deposits
Fast account setup Limited choice of altcoins
Regulated by CFTC and NFA
Supports debit/credit cards and bank wire transfer

 

Or go to Coinbase >

67% of all retail investor accounts lose money when trading CFDs with this provider.

5. Crypto.com – Invest in DOGE and Earn Interest on Your Holdings

Looking for a safe and easy way to get into the crypto world? Crypto.com has got you covered! The premier exchange offers a wide range of investment opportunities in well-known coins, as well as lesser-known options that you can explore with confidence. In addition, every user’s cryptocurrencies are securely stored 100% offline in cold storage, so you can rest assured knowing your money is always safe.

Whether you’re a crypto expert or just interested in where this blockchain technology is going, Crypto.com has what you need. With a range of easy-to-use products that will allow anyone to take advantage of fast and secure payments with features such as their rewarding Visa debit cards and DeFi wallet, Crypto.com is here for your future’s security so all can enjoy the benefits of digital assets.

Crypto.com wants you to be able to easily spend your hard-earned money with their highly popular Visa debit cards.

Crypto.com prides itself on its transparent fee structure: Fees are capped at 0.40% and decline with increased trading volume or substantial CRO currency holdings, making it possible for users to make their profits grow without breaking the bank during periods of volatility!

Looking to trade cryptocurrencies without spending a fortune in fees? Look no further than Crypto.com. Apart from CRO staking, new Crypto.com users will pay 0.4% on trades of less than $25,000 in monthly volume. Significantly, trading fees are lower than many major competitors, meaning you can save more of your hard-earned money. So sign up today and start trading your favorite digital assets!

Crypto.com has made a name for itself by changing the game in the world of cryptocurrency, and their $700 million naming rights deal proves just that. The Staples Center is now known as Crypto.com Arena, and this is sure to reignite interest in this premier venue!

With Crypto.com, you can trade cryptocurrency and earn interest on your holdings at the same time! Just pick an asset, such as DOGE, and start trading. For crypto traders of all levels, there’s responsive customer service to make your investing easier!

Say goodbye to crypto’s volatility. DOGE gives you the opportunity to earn interest while securing your getaway from cryptocurrency’s volatility with the popular Crypto Earn platform. So sign up today and get started on your crypto journey!

Pros

  • Buy and sell a wide variety of cryptocurrencies with low fees
  • Earn cashback rewards and enjoy numerous privileges
  • Invest in a portfolio of coins and tokens with just one click
  • Earn interest on your crypto holdings
  • Safe and Secure Transactions

Cons

  • Fees are higher unless you own and utilize CRO
  • Navigating can be difficult for beginners
  • Inadequate client service
  • Discounted trading fees can be difficult to understand
  • Insufficient educational resources

Or go to Crypto.com >

67% of all retail investor accounts lose money when trading CFDs with this provider.

6. Gemini: Buy Low, Sell High on Dogecoin

Gemini is more than your typical cryptocurrency exchange. Crypto enthusiasts are now able to buy, sell, and earn interest on Dogecoin with Gemini. Trading for Dogecoin puts you into the mix of an innovative community with a once-in-a-lifetime chance to buy low and sell high on one of the most unpredictable coins in crypto. The Winklevoss twins are Bitcoin billionaires — and they’re on board, which can only mean winners!

With a Gemini account, it’s easy to be your own bank. Gemini is the perfect place for crypto enthusiasts, newbies alike. Make a better investment with Gemini: it’s completely free to fund your account with ACH or wire transfer, and debit card deposit fees only take up 3.49%!

Convenience fees are included in the quoted price of the cryptocurrency you are buying and are typically increased by 0.5% for buy orders. The currency and transaction volume determine the transaction fee.

Introducing Gemini Earn: the easiest way to start earning interest on your Dogecoin holdings! With Gemini Earn, you can move your Dogecoin into an interest-bearing account in just a few clicks. Plus, you’ll enjoy world-class security and responsive customer support from Gemini’s team of experts. So why wait? Sign up today and start earning interest on your Dogecoin!

Gemini is the perfect place to store your Dogecoin! With a rate of 2.25% APY, you can watch your balance grow without lifting a finger. Plus, there are no minimum balances and no fees to transfer into, so it’s easy to get started. Interest is earned and compounded daily, so you can start seeing results soon. Don’t miss out on this great opportunity – sign up today!

Pros

  • Add more diversity to your investment portfolio
  • Intuitive features for a more efficient workflow
  • A cutting-edge trading platform
  • Earn daily interest for your crypto holdings
  • High quality, reputable exchange
  • Maintain peace of mind knowing that your assets are insured

Cons

  • The fee structure is prohibitively expensive for modest trades
  • Could be challenging for beginners

Or go to Gemini >

67% of all retail investor accounts lose money when trading CFDs with this provider.

7. Kraken: Trade Freely

If you want to be able to Dogecoin honestly and securely, then Kraken is for you. Kraken made crypto easy and as safe as possible. Kraken is ideal for those who want to buy DOGE without the hassle of complicated exchanges, with low fees and security features that anyone can trust.

Kraken is the perfect exchange for anyone looking for security, support, and innovation all in one place. With Kraken, you’ll have access to all the best features in one incredibly reliable platform that’s appropriate for beginners and advanced traders alike.

Kraken is an online trading platform that offers margin and futures trading, making it the ideal choice for those who want to maximize their profits. In addition, Kraken is the ideal choice for experienced traders because it offers sophisticated tools.

Instant purchases cost 1.5% for the majority of cryptocurrencies and 0.9% for stablecoins employing USD or another stablecoin. Depending on the payment method used to complete the purchase, additional fees may apply. Funding expenses, for example, range from 0.5% when using a bank account to more than 3.75% when employing a debit card, credit card, or digital wallet.

Additionally, Kraken offers a thrilling portfolio of investments that are perfect for risk-tolerant investors. Prices fluctuate constantly, so take advantage of this opportunity while it lasts. Kraken supports cryptocurrency futures, making it exciting for investors with a risk appetite.

Pros

  • Low fees
  • Easy to use and understand
  • Simplify the process of exchanging many different crypto assets
  • Trade in a safe way
  • Earn rewards on staked assets

Cons

  • Fees are prohibitively high for novices who use the Instant Buy platform
  • Customer service is limited

Or go to Kraken >

67% of all retail investor accounts lose money when trading CFDs with this provider.

8. Robinhood: Invest in Crypto Without Commission

Robinhood is the perfect platform for anyone who wants to dip their toes into the cryptocurrency market. With its user-friendly interface and no commission fees, Robinhood makes it easy for beginners to get started. Plus, with its wide selection of cryptocurrencies such as Dogecoin, you're sure to find the right investment for you. In addition, you can purchase stock and altcoins right on Robinhood! So what are you waiting for? Start trading today!

Robinhood is the ultimate place to go if you're trying to conduct cryptocurrency trading. However, commission-free trades don't mean investments are cost-free. Robinhood makes revenue as a brokerage by receiving a portion of each trade made by market makers, which means you could pay a higher market rate for cryptocurrency. In other words, Robinhood does not charge commissions, but investors may be charged an order flow fee that differs by trade.

Robinhood does not reveal its order flow fees, making it difficult for investors to determine which platform is the cheapest when purchasing cryptocurrencies.

With a clean design and user experience, Robinhood has established itself as an investment platform where young people with tech skills can invest their money.

Investing can be intimidating, but it doesn't have to be. With Robinhood, you can invest in Dogecoin without paying a penny in commission fees. Plus, their user-friendly interface makes trading easy and fun. You don’t need to be a financial genius to buy Dogecoin. So why wait? Start investing today!

Pros Cons
Incredibly easy to use Lack of retirement accounts
Trade stocks, ETFs, options contracts, and crypto all in one place Lack of mutual funds and bonds
No account minimum Customer service is limited
Secure, reputable platform

 

Or go to Robinhood >

67% of all retail investor accounts lose money when trading CFDs with this provider.

9. Uphold: Invest in What You Love. All in One Place.

Uphold gives you access to powerful investment opportunities around the globe with one convenient account. Start exploring Uphold's robust menu, which includes stocks, commodities, and cryptocurrencies from all over the world.

Uphold is an excellent alternative for anyone looking to purchase precious metals or conduct crypto-to-crypto trading.

With Uphold, users can easily invest in fast-growing equities or trade their cryptocurrencies for the potential of an incredible profit!

Users of Uphold can purchase several assets fee-free utilizing an ACH withdrawal or bank account. As with Coinbase, Uphold users pay a 3.99% transaction fee when using a credit card. Nevertheless, the spread on Uphold is significantly greater and fluctuates considerably.

The exchange fee differs according to the asset being converted. In terms of cryptocurrencies, the spread varies between 0.80% and 1.20% for users in the United States and Europe, and it's approximately 1.80% in other countries.

You don't need to be a crypto insider to get started with Dogecoin. Just sign up for an Uphold account and buy your coins in a few clicks. Whether you're new to digital currencies or a seasoned pro, Uphold makes it easy to get started. Plus, customer support is always there to help if you run into any problems. So what are you waiting for? Get started today!

Pros Cons
Provides trading in precious metals, equities, and cryptocurrencies Compared to competitors, it has fewer educational resources
Without any hidden fees or spreads, you'll always know what you’re going to get
Eliminate the fear of making costly mistakes when managing digital assets
You can begin using Uphold in minutes

 

Or go to Uphold >

67% of all retail investor accounts lose money when trading CFDs with this provider.

10. Coinmama: Fast and Easy Way to Get Dogecoin

Coinmama is a popular way to buy and sell cryptocurrency. The platform charges a market rate based on the XBX index along with 2%. Additionally, they charge commissions of up to 3.81% when buying cryptocurrencies, as well as 0.9% on bitcoin sales.

Looking for a way to save on your crypto purchases? Look no further than Coinmama! Introducing Coinmama's Loyalty Program! Enjoy reduced fees when you buy and sell.

Users who spend $5,000 over 90 days receive a 12.5% discount on their sales charge. Whereas users who spend $18,000 over 90 days or make a lifetime purchase of $50,000 or more receive a 25% discount on their sales fee.

Notably, fees are reduced to 2.86% for members of the most prestigious loyalty program. Additional costs may still arise depending on the mode of payment. Coinmama adds 5% to purchases made with a credit card, debit card, or Apple Pay.

For trades under $1,000 paid via SWIFT bank transfer, a fixed fee of approximately $27 is imposed. However, for SWIFT bank transactions of $1,000 or more, there are no costs.

Coinmama is the simplest way for you to buy cryptocurrency. With a few clicks, you can have Dogecoin in your wallet. Coinmama makes it easy for anyone to get into the cryptocurrency market.

Looking to invest in Dogecoin? Look no further! Coinmama makes it easy for you to buy Dogecoin with your credit card or bank transfer, so you can get started quickly. With Coinmama's simple and user-friendly platform, you can expand your cryptocurrency portfolio in just a few steps. So why wait? Buy Dogecoin today!

Pros Cons
No fees for cryptocurrency deposits or withdrawals Higher fees than some other competitors
Numerous payment methods No iOS mobile app
Verification within minutes

 

Or go to Coinmama >

67% of all retail investor accounts lose money when trading CFDs with this provider.

How to Buy Dogecoin Stock with PayPal

PayPay is hardly used by investors in the U.S as most of them prefer to buy Dogecoin using credit/debit cards. For that reason, you may be wondering how to buy Dogecoin with PayPal. The procedure is simple if your broker supports PayPal, you simply need to select it as your preferred mode of payment and follow the automatic directions of your platform. Most crypto providers do not support eWallets. eToro allows you to make deposits using Wire Transfer, and debit/credit cards.

How to Buy Dogecoin with Bitcoin

Buy Dogecoin with Bitcoin

You can buy Dogecoin with Bitcoin by performing a crypto exchange. This is also called crypto-to-crypto or cross crypto trading. Some platforms such as Binance only support deposits via cryptos. To buy Dogecoin with Bitcoin, you first need to fund your crypto wallet with Bitcoins. Once you’re done, wait for it to reflect and search for the pair “Doge/BTC,” Key is the amount of BTC to invest and place your order. Your order will be filled in no time and the Dogecoins will be added to your wallet. You can decide to hold them until they gain value, or withdraw them from your Dogecoin wallet.

Buy Doge: Key Tips for a Beginner looking to Buy Dogecoin today

Choosing an Online Broker or Exchange

This is an essential step for anyone thinking about buying Dogecoin. It would help if you found an online broker or exchange that guarantees transparency, reliability, and security for your funds. There are third-party crypto providers that allow you to purchase Dogecoin using another crypto. Most of these platforms, however, lack a proper license and so it's best to avoid them. Look for well-regulated platforms when deciding on how to buy Dogecoin today in the U.S.

Unregulated platforms can be unethical because no one monitors their actions, meaning your capital can be at risk. Regulated brokers protect your funds and, in some cases, even insure clients' money. Find a CFTC regulated broker in the U.S if you want to buy Dogecoin. We recommend eToro. This broker keeps client's funds in a segregated bank account, which means that even if they run out of funds to sustain their operations, they will never touch their client's money.

Payment Methods

It's essential to choose an online broker that permits you to use your preferred payment method to purchase Dogecoin and withdraw money. The best Dogecoin platforms support various payment gateways like wire transfer, eWallets, and debit/credit cards. eToro allows you to deposit your trading capital with Neteller, PayPal, Skrill, debit/credit cards, and bank wire transfer.

Fees and Commissions

Think about how much costs you are willing to incur before getting on board with a crypto provider. This might depend on your initial capital and investment goals, among other factors. Dogecoin platforms make their money by charging fees and commissions to their clients. You will come across different broker fees and commissions as you research the best online broker to buy Dogecoin.

Here is a clear picture with examples:

  • Coinbase charges you 49% commission on all your trades
  • This means you will pay the commission when you buy and when you sell your Dogecoin since those are two separate transactions
  • If you place an order worth $1,000, your commission will be $14.90
  • If you increase your stake to $10,000, you will end up paying $149.90 in commissions.

Here's a full illustration of a typical Dogecoin trade

  • You buy $1,000 worth of Dogecoin
  • If your commission is 1.49%, like in Coinbase, you will hand over $14.90 to your broker
  • After a while, you decide to cash out when your investment has grown to $2,000
  • Again, you will pay the broker another 1.49%, this time being $29.80, which brings your total cost to $44.70

What might look like a nominal fee can quickly accumulate to a tremendous amount over time. That's why it's necessary to consider the cost of trading as a serious issue. Some online Dogecoin platforms charge you zero commissions- such as eToro. You should also be aware of any other hidden charges, such as fees on deposits and withdrawals.

Storage

You need to worry about how you are going to be storing your coin. Some brokers will give you an all-in-one wallet where you can keep your Dogecoin at no extra charges, while others will not. You want a broker that will not have you worrying about finding a safe wallet to store your crypto.

Develop a Dogecoin investment Plan

Successful investors work with a strategy and plan that guides them while making critical decisions. Dogecoin is highly volatile and might lead to huge profits within a short time. But, on the flip side, the high volatility experienced in this market could be the cause for your downfall. Here are some strategies you may consider when developing your investment plan.

  1. Longterm and Short-term trading: Ask yourself whether you want to buy Dogecoin as a long-term or short-term investor. Short term investor targets to make money from short-term price movements while a long-term investor waits for the big moves and might be in the market for weeks or even months.
  2. Targeting Dogecoin price: - This is an investment strategy where the traders analyze the price movement on Dogecoin and sets a price target before placing an order. For instance
  • You buy Dogecoin at a price of $0.05
  • Your goal is to double the investment
  • So you have to hold your investment until the price grows to $0.10
  • If your aim is to triple it, you wait for the price to get to $0.15 then you cash-out

This might seem hard, in the beginning, considering the uncertainty and questions that you may have on the future of Dogecoin. Remember you are investing in this asset because you believe that it will grow in value. There are many online resources that you may read to help you get a rough idea of where prices are heading before you can set your price target.

  1. Regular Investment Strategy: You can pick a strategy for staking smaller but consistent amounts of money on Dogecoin. Instead of risking a huge amount at one go, you could keep buying in small quantities as the price rises. This approach gives you slow profits but is steady and very safe. It's possible that you can earn decent profits within months when using this strategy to trade cryptos, considering their volatility.
  2. Other important factors: We have grouped these tips together because although they might look insignificant, they carry a certain level of weight, according to individual traders.
  3. User interface: The user interface is what you will interact with when you want to buy Dogecoin. A user-friendly platform is what you should be looking for if you want to have seamless trading.
  4. Minimum investment: Different brokers differ in terms of the minimum amount they require you to deposit before you can buy Dogecoin for the first time. While some platforms have low minimums, others may require you to deposit a stake in thousands of dollars. Be wary of this.

How To Buy Dogecoin in USA - Full Step-by-Step Guide

Step 1: Open a Dogecoin trading Account

eToro - Join now

eToro is our top-rated recommended broker. It has an easy registration process and is a CFTC regulated broker with over 20 million users across the globe. Go to the eToro website, click on “Join Now,” and fill in the registration form, then submit it.

Signup at eToro here to Buy Dogecoin with 0% commission >

Step 2: Account ID Verification

eToro verify

If you intend to trade invest more than $2000 in your eToro wallet, you will be required to verify the details you provided during registration. Submit a picture of your identification documents and any proof of address to complete this stage. This procedure is not mandatory for smaller deposits than that.

Step 3: Fund your eToro

eToro deposit

You can buy Dogecoin with a debit/credit card, wire transfer, or by eWallets like Paypal on your eToro account. eToro deposits are free so you do not have to worry about charges.

Step 4: Place your first Dogecoin order

Now that your account is fully set and funded, you can proceed to place your first Dogecoin trade. We assume by this time you have done some research on the trend and you have made your mind in regards to your entry price and target levels.

  • Decide on the amount to invest.
  • Go to the search bar on eToro and search for Dogecoin.
  • Click on “Trade”.
  • Key in the amount you want to invest.
  • Click on buy or sell, depending on your intentions.
  • The submit order.

You now have just made the Dogecoin trade. You should feel proud of yourself; it was not difficult, was it?

What you should know about Crypto Prices

Cryptos are among the most volatile assets to trade. They have volatile prices that can shift on a minute-to-minute basis. So expect this kind of volatility when you start investing in Dogecoin. Some of the main factors that cause these sudden price movements in cryptos are:

Supply and Demand: As a basic rule of economics, prices rise when demand is higher than supply and fall when there is more supply than the demand. Although 10,000 blocks of this coin are minted every minute, the supply for Dogecoin is quickly diminishing as more investors start to get wooed to its popularity. The prices will keep rising as new investors contribute to the increasing demand for Dogecoin

News: News is the fundamental bit of trading where traders rely on information about an asset to value it. We call this intrinsic value. For example, Bitcoin prices have been affected a couple of times by Elon Musk's tweets. The same case applied for the doge. Positive news, such as a plan for Tesla to start accepting it as a payment method, will drive prices skywards, while negative information will cause the prices to fall. Take time and study the major events that affect Dogecoin’s prices before investing in it. You can find a way of tracking them so you can always be up to date. You may also want to subscribe to financial news websites such as Yahoo! Finance to get regular information.

Current financial situation: The idea of buying low and selling high plays a significant role in fuelling demand and supply, affecting prices. Investors tend to flock to cryptos whose prices are falling with the perception that it is the right time to buy cryptocurrency. The more they do that, supply diminishes, and demand continues to rise, causing a sharp bullish spike. You might not want to buy Dogecoin after a very strong bullish rally until it makes a bearish pullback.

Monitoring the behavior of crypto prices can help you learn when best to buy or sell them.

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Rating
5.0
4.5
4.3
Mobile App Rating
1/10
10/10
9/10
Mobile App
Wallet
Number of Coins
1271115
Trading Fees
SpreadsCommissionN/A
Deposit Fees
N/A$0N/A
Withdrawal Fees
5 USD$0N/A
Regulated
N/AYesCBI and MiFID in Europe
Min. Deposit
50$$20$100
Leveraged Trading
N/AYes1:2 for cryptocurrencies
Bitcoin
$56955.01$57006.27$57148.64
Ethereum
$4383.53$4306.10$4316.86
XRP
$0.99$0.97$0.99
Tether
$1.00N/AN/A
Litecoin
$200.45N/A$197.89
Bitcoin Cash
$579.81N/A$576.11
Chainlink
$24.73N/A$25.10
Cardano
$1.61$1.57N/A
IOTA
$1.44N/A$1.41
Binance Coin
$626.85$721.08N/A
Stellar
$0.33$0.32$0.33
Bitcoin SV
$148.55N/AN/A
USD Coin
$1.01N/AN/A
EOS
$4.04N/A$3.98
Monero
$239.06N/AN/A
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Giropay
Neteller

How & Where To Buy Dogecoin in 2021 - Conclusion

 

We believe this extensive guide has given you enough information on what you need to buy Dogecoin and develop an appropriate investment strategy. Although "the people's coin" was created out of a joke, it has been successful for over eight years, and it promises an even better future. With endorsements from industry leaders like Mark Cuban and Elon Musk, you should not ignore this coin. No one can know how far the value of Dogecoin will go, but it is without question that early investors will make a fortune in the future.

The most important thing is to get yourself a good broker like eToro and start investing. Remember the volatility in the crypto market can work against you or in your favor. Whether you want to buy Doge as a long-term investment or for short-term gains, avoid nasty surprises by starting with a sound investment strategy and growth plan. Remember to consider critical factors such as transaction costs, regulation, user interface, payment methods, and support, while finding a broker to buy Dogecoin.

Leading Platform to Buy Dogecoin Stock: eToro

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About Milko Trajcevski PRO INVESTOR

Milko Trajcevski is a truly determined content writer with a passion for the crypto industry and has a successful track record of researching and effectively writing articles about cryptocurrency, non-fungible tokens, and blockchain covering the fields of crypto-asset regulations, wallets and exchanges, liquidity, altcoins, DApps, forks, mining, laddering, security and enterprise blockchain technology.