For this reason, compliant crypto exchanges, such as Changelly, establish a Know Your Customer (KYC) procedure to let only honest users buy and sell digital assets through them. Before using a card to finance your crypto purchases, keep in mind that your credit card company will consider the money to be a cash advance and charge added fees and a higher APR. That’s why experts generally https://cryptolisting.org/ encourage people to avoid buying crypto this way. It is challenging to buy Dogecoin without any fees, as most cryptocurrency exchanges or platforms charge transaction fees. However, you can search for exchanges that offer lower fees or promotions to minimise your costs. Dogecoin trading refers to the buying and selling of Dogecoin, a cryptocurrency, on various cryptocurrency exchanges.
What’s the easiest way to buy Dogecoin?
Like other cryptocurrencies, Dogecoin isn’t limited by trading hours; you can buy and sell Dogecoin 24 hours a day, seven days a week. Typically, you get instant access to a portion of the money of your deposit for trading. If you deposited a large amount of money—typically more than $1,000—you may have to wait a few days for the transfer to clear before you can use the entire deposit. The limit on the number of Dogecoins was expressly removed by one of its creators to discourage people holding onto it long term. That’s in stark contrast to other major cryptocurrencies like Bitcoin (BTC), which have caps on how many coins are issued.
Buying units in Dogecoin funds and portfolios
Many exchange platforms offer Dogecoin, but we recommend eToro as one of the best options for buying Dogecoin in the UK. Let’s not forget that the novelty also causes massive fluctuations in price that can significantly impact all investments in the industry. Investing in any cryptocurrency, let alone Dogecoin, is a risky activity, but with huge potential rewards. If you understand the volatility and you’re willing to take your chances, you may find yourself with hefty returns.
Credit or Debit Card
You can deposit GBP into your account on these platforms using various payment methods like bank transfers, credit/debit cards, or e-wallets, and then use the funds to purchase Dogecoin directly. Always ensure to use a reputable and secure exchange for your transactions. You will then need to deposit funds into your crypto account to buy Dogecoin. Yes, you can directly buy Dogecoin on various cryptocurrency exchanges. Simply create an account on a platform that lists Dogecoin, complete the necessary verification processes, and then use your preferred payment method to fund your account. Once funded, you can directly purchase Dogecoin through the exchange’s trading interface.
The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market. Remember, each transaction might incur fees, and how is materiality determined withdrawal times can vary. It’s also important to consider the tax implications of selling cryptocurrencies in your country. This platform facilitates the buying, selling, and trading of various cryptocurrencies, including Dogecoin.
To buy Dogecoin directly like this, you’ll need a crypto wallet to store it in. As a result, while there is potential to make money, this all makes Dogecoin a rather high-risk investment. And in fact, as cryptocurrencies generate no “real” value like companies that you might buy stocks and shares in do, your coins could easily lose some or even all their value overnight. Additionally, Dogecoin is in the top 10 largest cryptocurrencies by market capitalisation. Indeed, according to Coinbase, Dogecoin had a market cap of £9.5 billion as of 10 November. The currency was founded in December 2013 to parody the sudden explosion of interest and speculation in the cryptocurrency market.
- The exchange also joined the Nasdaq composite in April 2021, making it the only major exchange to trade publicly.
- While Dogecoin may offer the potential for high returns, it comes with significant risks and uncertainties.
- You can buy Dogecoin in the UK with the help of eToro, the platform that has significant advantages that will help you in trade.
- Note, though, that you need a custodial DOGE wallet to receive the purchased coins.
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