Last Updated on August 11, 2022
Are you looking for a detailed, comprehensive, and unbiased beginner’s guide on how to buy Dogecoin with PayPal? Then, you are in the right place. This DOGE buying guide will walk you through the best brokers and exchanges to buy Dogecoin with PayPal. In addition, we’ll give you a lowdown of the factors to consider before settling for a Dogecoin buying platform.
Also, you will get a clear-cut guide on how to buy Dogecoin with PayPal so you can get down to business as soon as possible. Then, later in this article, we’ll answer some of the questions we frequently get about how to invest in Dogecoin. But, first, let’s get started with a brief about Dogecoin and why it is getting more attention from crypto enthusiasts.
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Dogecoin is a popular cryptocurrency like Bitcoin, Ethereum, and Cardano. Billy Markus and Jackson Palmer created it in 2013 as a meme coin to make fun of Bitcoin. However, to the surprise of the developers, its price soared by almost 300% after its launch. Thanks to frequent plugging by Tesla’s CEO, Elon Musk, Dogecoin recorded another stellar performance in early 2011, increasing from $0.47 to $30.63 in four months. This increase translates into a gain of over 6,400% for Dogecoin’s investors in that period.
This performance caught the attention of crypto enthusiasts, and more investors started putting their money in Dogecoin. Despite its ups and downs after reaching its all-time high, Dogecoin is still rated as one of the best coins to buy in 2022. If you are also looking at getting into action with the hope of a bull run soon, this DOGE buying guide will help you get started. Additionally, you will learn how to buy Dogecoin with PayPal, the world’s most popular online payment platform.
So now that we have shared a brief about this crypto asset, it’s time to talk about the best platforms to buy Dogecoin with PayPal. Our picks for the best brokers and exchanges to buy DOGE with PayPal are Capital.com, Etoro, Binance, and Coinbase. Read on to find out why these platforms stand out from the other competitors in the market.
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After thoroughly examining several top brokers, we believe Capital.com is the best platform to buy Dogecoin with PayPal. First, the fees and spreads on Capital.com are among the lowest in the market. The broker does not charge fees on withdrawals and deposits. Also, Capital.com does not charge you for not using your account for a long period.
Second, the broker has an intuitive and user-friendly interface. As a newbie, you won’t find it hard to set up your account and buy Dogecoin with PayPal, as the process is pretty simple. Another reason why this platform stands out is its lineup of educational resources. Capital.com has several materials you could read to learn more about cryptocurrency and how to grow your wealth with it.
Lastly, Capital.com holds licenses from Financial Conduct Authority (FCA), Australia Securities & Investments Commission (ASIC), and Cyprus Securities and Exchange Commission (CySEC). So you can trust the broker with your hard-earned money.
Crypto assets are unregulated investment products. Your capital may be at risk
Etoro is another perfect platform for beginners and advanced crypto traders to buy Dogecoin with PayPal. This online broker has a huge lineup of cryptocurrencies, ETFs, indices, currency pairs, and stocks. So aside from Dogecoin, there are thousands of assets you can buy on eToro using PayPal. In addition, our crypto experts recommend eToro because the platform charges zero fees and commissions.
Another great thing about eToro is its social trading feature, which allows you to copy the trading strategy of other users making profits on the platform. With this feature, you can earn good money on your Dogecoin even if you don’t have trading experience. In addition, our experts like eToro’s easy-to-use trading interface. Whether using a phone or computer, you can set up an account on eToro, buy Dogecoin with PayPal, and start trading in less than ten minutes.
Binance is another top platform to consider if you are looking for a great place to buy Dogecoin with PayPal. The exchange supports hundreds of cryptocurrencies and prides itself on having the highest trading volume in the world. In addition, Binance has several advanced features like price indicators and chart drawing tools that you can leverage to trade profitably.
Furthermore, buying and trading Dogecoin and other crypto assets is relatively inexpensive on Binance. The platform charge very low fees on trading transactions compared to other top competitors in the market. However, the main drawback with Binance is that its fees are not as low as that of eToro and Capital.com.
Our list of the best platforms to buy Dogecoin with PayPal won’t be complete without mentioning Coinbase, the largest cryptocurrency exchange in the USA. Our experts rated this exchange high for several reasons. First, you can buy 150+ cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, on Coinbase. Second, you don’t have to worry about the safety of your funds and personal information as the exchange has a solid reputation for security.
Third, Coinbase has several easy-to-use trading features you can leverage to make the most of your crypto assets. Like Binance, the drawback with Coinbase is its trading fees, which are not as competitive as what you get on Capital.com and eToro.
So now that you know where to buy Dogecoin with PayPal, it is time to share the steps to follow if you want to buy this coin.
Finding a trusted and reliable crypto trading platform is the first step to take if you are looking at buying Dogecoin or other digital assets with PayPal. Some of the factors to consider before making your choice out of the thousands of brokers and exchanges available in the market include fees, commissions, security, licensing, range of supported crypto assets, etc. Don’t want to go through the hassle of scrutinizing several platforms before taking your pick? Save time and stress by choosing a broker or exchange from our list above.
Once you make a choice from our list above, the next step is to create an account on the platform. Go to the broker’s official website, click the register button, and provide the information required to complete the process. To create an account on most brokers and exchanges, you will be required to provide your email address and phone number. After setting up your account, some platforms may send you a mail requesting you to verify your account. This verification process usually involves uploading a government-issued ID and a utility bill to confirm your identity.
After completing the steps above, the next thing is to link your PayPal account with the platform. Go to the broker or exchange’s bank section and select PayPal as your preferred banking method. Then, input your PayPal email and password to link it with the broker. Once done, you can start depositing funds to the platform via your PayPal account.
The final step is to search for Dogecoin on the platform and click on the buy button. Then, input the amount of DOGE you want to buy and hit the enter button. Once done, you will get the Dogecoin credited to your wallet.
Choosing the best Dogecoin buying platform among the multiple options available in the market goes beyond checking whether the broker supports PayPal or not. Some other factors to consider before setting up an account with any cryptocurrency exchange or broker are:
Before registering with a broker, the first thing is to confirm whether the platform has regulatory approval. Here you are to check who licenses the company and regulates its operations. You will be risking your hard-earned money if you sign up with an unapproved broker. All the brokers our crypto experts listed are regulated by financial institutions like FCA, ASIC, CySEC, and more.
Another important factor to consider before picking a dogecoin buying platform is the fees and commissions they charge. Platforms such as Capital.com and eToro that offers low or zero fees and commissions will save you money. So you will get the best deals in the market when you buy Dogecoin from any of the brokers or exchanges above.
Before you sign up on any platform, you should confirm that the broker supports Dogecoin and other crypto assets you may want to buy in the future.
Some brokers have simple interfaces that are pretty straightforward to use, while others have complicated interfaces. If you are a beginner, the best course of action is to choose a broker with a simple interface so you won’t have a hard time buying or trading Dogecoin on it.
If you are looking at buying Dogecoin with PayPal, you must ascertain that the platform you want to use supports this payment method. Please note that some brokers and exchanges only supports payment via credit cards, debit cards, and bank transfer. However, if you don’t like to stress yourself scouting for platforms that support PayPal, you can save yourself some time by choosing from our list as our recommended brokers and exchanges accept deposits and withdrawals via PayPal.
The quality of customer support and service a platform offers is another important factor to consider before deciding where to buy Dogecoin. First, you should confirm whether their customer support team are helpful and responsive or not. In addition, we recommend prechecking the available channels you can use to contact the support team. The top customer support channels on leading platforms are phone, live chat, email, Twitter, and Facebook.
A good way to confirm if a platform has a good reputation or not is by checking its online reviews. Find out if most people have good experiences buying Dogecoin on the platform. You should stay away from brokers and exchanges with many bad reviews.
Based on our thorough investigation of the top hundred brokers and exchanges in the market, we believe Capital.com, Etoro, Binance, and Coinbase are the best platforms to buy Dogecoin with PayPal. These cryptocurrency trading platforms are easy to use and offer the lowest fees and commissions.
The cryptocurrency market is highly volatile and unpredictable, so it is almost impossible to say whether buying Dogecoin is a good idea or not. However, crypto experts believe the value of Dogecoin will increase over the years. Nevertheless, we advise that you invest only an amount you can afford to lose.
Aside from PayPal, other payment methods you can use to buy Dogecoin on the brokers and exchanges above are credit cards, debit cards, bank transfers, and cryptocurrencies.
There are two popular ways to invest in Dogecoin. The first strategy is active trading. This involves buying and selling Dogecoin daily for profit. This strategy has a great profit potential; however, it is also highly risky as cryptocurrencies are volatile. The other strategy is to buy Dogecoin and keep it for a long time until the price increases significantly.