• Dogecoin is a popular “meme coin” with a market cap of $12 billion.
• This article explains how to buy Dogecoin on eToro, including the advantages and disadvantages of doing so.
• It also provides alternative places to buy Dogecoin and some things to consider before investing.
What Makes Dogecoin Special?
Dogecoin took the stage as the ‘people’s coin,’ turning Average Joes into millionaires. Celebrities, including billionaire CEOs, musicians, and Hollywood stars, joined in on the wave. The self-proclaimed “Dogefather,” Elon Musk, can’t stop tweeting about it. SpaceX and Canada’s Geometric Energy Corporation lunar mission was even called DOGE-1. Mark Cuban, a popular Shark Tank host, talked of using DOGE to teach children economics.
Pros and Cons of Buying Dogecoin on eToro
The Pros: eToro is beginner friendly; easy to use; allows you access to markets from around the world; has low fees & spreads; offers multiple payment methods; and features built-in social trading features that could be useful for traders looking for insights or ideas from other members of the community. The Cons: Not all cryptocurrencies are available on eToro; not as secure as other exchanges due to lack of two-factor authentication (2FA); higher fees than most crypto exchanges; limited customer service options outside trading hours; no mobile app yet (but expected soon).
How To Buy Dogecoin On eToro
There are two main methods on how to buy Dogecoin on eToro: through the search function or by selecting it from their cryptocurrency discovery page. Both methods involve opening an account with your details and funding it before proceeding with purchase instructions which will pop up once you indicate the dollar amount or units you want to buy before confirming your order by clicking “Open Trade” button at the end.
Things To Consider Before Buying Dogecoin
Before investing in any cryptocurrency – including Dogecoin – make sure you understand what you’re buying and why you’re buying it. Research thoroughly its fundamentals instead of relying solely on price movement predictions as well as diversifying your portfolio accordingly while keeping an eye out for both hidden fees & potential scams when dealing with third-party vendors online who offer alternative platforms for purchasing digital coins like this one apart from eToro we have mentioned here today!
Alternative Places To Buy DogeCoin
Apart from using eToro there are other ways people can get hold of DOGE tokens such as Binance Exchange (which also supports fiat deposits), Kraken Exchange (which also supports fiat deposits), Robinhood App/Website (commission free stock trading platform) & Changelly Crypto Exchange (instant crypto exchange).