How to Buy Dogecoin on eToro – Beginners Guide

According to Dogecoin supporters, this coin is headed “to the moon.” But if you haven’t bought cryptocurrency before, it may not be clear how you actually purchase Dogecoin. In this guide, we’ll 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 get started? Read on to learn how to purchase Dogecoin on eToro.

How to Buy Dogecoin on eToro – Quick Guide

Cryptoassets are a highly volatile unregulated investment product. 

How to Buy Dogecoin with eToro – Tutorial

The guide above covers the basics of how to purchase 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 fees today.

Step 1: Open an eToro Account

To get started, head to eToro’s website and click Sign Up. Enter your email and then choose a username and password for your new trading account. On the next page, eToro will ask for your name, phone number, zip code, and birthday.

Step 2: Verification

To comply with Know Your Customer requirements, 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’ll also need to verify your address by uploading evidence of your residency. This can be either a recent utility bill or a 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 card or credit card, PayPal, Neteller, and Skrill. eToro also accepts bank transfers with a minimum deposit of $500.

This means that you can buy the best altcoins with a whole range of payment methods that suit your needs.

Step 4: Set up a Crypto Wallet (Optional)

You don’t need an eToro Dogecoin wallet to buy Dogecoin. However, it can be helpful to have a cryptocurrency wallet if you want to send or receive cryptocurrency.

eToro offers a free crypto wallet app for iOS and Android. Just 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 to your eToro dashboard and find the search box at the top of the page. Enter DOGE or Dogecoin, and click on 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 purchase in US dollars. You can select a stop loss or take profit price, which are typically used for eToro Dogecoin trading rather than long-term investing. 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 to buy it. The only difference is that after you open 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’s considered one of the best long term crypto investments. According to CoinMarketCap.com, had you 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’ll pay a fixed 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 e-wallet.

It’s 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 you buy Dogecoin on eToro? As one of the most undervalued cryptos on the market today, eToro makes the crypto trading process accessible to all beginners.

Firstly, 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 extra fees for using a credit card. Other exchanges charge 3-4% for similar transactions.

Another benefit to eToro is that you can buy much more than just Dogecoin. The platform offers trading on over 50 popular defi coins, so you can also buy Bitcoin or Ethereum. If you hold Dogecoin in eToro’s Money crypto wallet, you can instantly swap between any of the tokens that eToro supports.

eToro also supports crypto trading. You’ll find customizable technical charts complete with nearly 100 popular indicators. A sentiment gauge shows you what the trading community thinks about Dogecoin when the market is volatile, and expert analysis helps you make sense of the latest Dogecoin news.

In addition, 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 your portfolio.

Importantly, eToro is trustworthy. This exchange is regulated by the UK’s Financial Conduct Authority, a top-tier global regulator. eToro also provides 24/7 customer support by phone and email.