Best Dogecoin Exchange 2021
It is known as 'memecoin' and there has been a lot of talk about it in recent years; Dogecoin. For many people a joke and for others an interesting investment. In this article you can read all about the Dogecoin exchange; the place to buy this crypto currency.
Get started in 4 steps with a Dogecoin Exchange
1 - Choose a Dogecoin Exchange: Scroll down for some examples of Dogecoin exchanges, such as eToro!
2 - Create an account: Enter your details, confirm your Email address and your account is created.
3 - Deposit money: Use one of the many available payment methods and deposit money into your account!
4 - Purchase Dogecoin: Go to the Dogecoin page and decide how much of the crypto currency you want to buy.
Also planning to start at a Dogecoin exchange? Then quickly create an account at eToro using the green button on the right!
Cryptocurrency is popular and the currency Dogecoin benefited from this popularity. The price skyrocketed after Elon Musk sent out a number of tweets about the coin and this prompted many people to look for a Dogecoin exchange to start trading.
In this article you will read all about what a Dogecoin exchange is, how you can get started easily and quickly at a Dogecoin exchange and you will get some tips on what to look out for.
What is a Dogecoin Exchange?
A Dogecoin exchange is an online provider of this crypto currency. You can buy and sell crypto coins on an exchange.
At an exchange, you can find Dogecoin and other crypto-currencies, but the supply differs per exchange. Dogecoins are also offered by some brokers.
At these brokers you can often also trade in other products such as shares or commodities. Dogecoin is one of the most popular coins and can therefore be found at most cryptocurrency providers.
How do I get started at a Dogecoin Exchange?
Below you will find a step by step guide with all the information you need to get started on a Dogecoin exchange. We will help you choose a Dogecoin exchange and then go through all the steps necessary to buy your first Dogecoins.
Step 1: Choose a Dogecoin Exchange | Step 3: Deposit money | Step 5: Buy your first Dogecoin |
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Step 1: Choose a Dogecoin Exchange
To get started, you first need to choose a broker or exchange where you want to buy your Dogecoins. The choice of broker is an important one, but also a difficult one, as a beginner it is difficult to recognise the differences between the brokers and exchanges.
When choosing a Dogecoin exchange, there are a few things that are important to keep in mind. Firstly, the user-friendliness of a platform is important; if you are just starting to trade crypto, it is wise to start with a simple exchange.
If you only want to buy Dogecoin, it doesn't matter, but in most cases it is wise to look at the full range of an exchange. One exchange may offer hundreds of different crypto currencies, while others also offer shares.
Finally, it is useful to look at the costs you incur at an exchange and the way they pass on costs to their customers. This way you can choose the most advantageous option for your investments.
Get started at Dogecoin Exchange eToro
Beginning investors can find many different products at the online broker eToro. This broker has a very user-friendly platform which anyone can easily handle.
eToro has a number of useful features that you can use both as a novice and as an experienced investor. One of these features is the Copy Trading tool.
With this function, you can copy the portfolios of successful investors to your own portfolio. You can also view them for inspiration, because each portfolio is given a risk score, which enables you to better estimate what is a good investment.
Another useful feature for beginners is the free demo account. This account contains virtual money with which you can try out all the functions of the broker, so that you can get familiar with investing and eToro's platform without risking your own money.
Even if you do start with your own money, you do not have to deposit a lot of money immediately. At eToro, you can start at a low minimum deposit of $50 (€42), so anyone can go to eToro, whether you want to invest a lot or start with small amounts.
You can invest at eToro in cryptocurrencies such as Dogecoin, but there are many other investment products. For example, at eToro you also have stocks, ETFs, commodities, CFDs and currencies, so you can easily put together a very diverse portfolio.
You even pay 0% commission on buying and selling shares and ETFs. This obviously has the advantage that you can achieve a higher return, but it also helps beginners to be sure that no additional costs are charged.
Finally, eToro guarantees your safety because there are two European regulators that check whether eToro complies with European legislation. These are the Cypriot CySEC and the British FCA.
Do you want to wait no longer and get started right away at this popular Dogecoin exchange? Then quickly create an account at eToro via the green button!
Get started at Dogecoin Exchange Bitvavo
Bitvavo, unlike eToro, is a Dutch company. It also only deals with the trading of cryptocurrency.
The company was founded in 2018 in Amsterdam and in recent years has gone all out to add as many crypto coins as possible to its platform. By now, you can find more than 100 popular crypto coins at Bitvavo including, of course, Dogecoin.
Bitvavo is also a safe exchange because of its registration with the Dutch Central Bank. All Dutch companies engaged in crypto trading are required to have this registration, Bitvavo received approval from the DNB without much difficulty.
Get started with this reliable Dutch Dogecoin exchange and create your account immediately!
Get started at Dogecoin Exchange Capital.com
Capital.com is another Dogecoin exchange different from the above options. At Capital.com you can only trade CFD's of crypto currencies.
A CFD stands for Contract For Difference and allows you to invest in certain products without owning them. You enter into a contract with the exchange, as it were, that you can speculate on the price of a certain product such as Dogecoin.
Capital.com is also registered with a European regulator and has offices across the continent. This CFD broker is still young but is growing very quickly in popularity.
In total the exchange offers thousands of different products; in addition to many different crypto currencies you will also find stocks, ETFs, commodities, indices and currencies.
Start CFD trading in crypto currencies at Capital.com!
Step 2: Create an account
In this step we will use the Dogecoin exchange eToro as an example. Creating an account is very easy at this exchange.
The only thing you need is an email address, username and password. After you have confirmed your e-mail address via a link in your mailbox, you can get started with the demo account on eToro.
Before you can get started with your own money, you have to go through an extra step: verifying your account. This is done by sending a copy of your ID and filling out a questionnaire.
This verification is mandatory for every exchange.
Step 3: Deposit money on account
Time to deposit money into your verified account! At eToro, you have a lot of choice in the payment method you use for this.
For most Dutch people, iDeal is the most convenient option, but you can also deposit money via PayPal, credit card or bank transfer. Through a digital payment method, the money is almost immediately in your account.
The nice thing about eToro is that the first time you deposit money, you can start from €42.
Step 4: Search for Dogecoin
You have arrived at the broker to buy Dogecoin and that step is now just a few clicks away. The Dogecoin page can be found by searching via the search bar or by filtering on crypto currencies.
Once you have found Dogecoin you can click to be taken to the Dogecoin page. On this page you will find the current price, latest news and other investors' expectations of the coin.
Step 5: Purchase your first Dogecoin
On the Dogecoin page you will find the blue 'Trade' button which will take you to the purchase screen shown opposite. On this screen you will be able to choose between ordering and trading.
Trading involves buying Dogecoins at the current market price whilst Ordering allows you to place an order. This is then executed as soon as someone sells his or her Dogecoins at the price you entered.
Want to buy your first Dogecoins quickly and easily? Then start today at eToro!
Storing Dogecoin on the Dogecoin Exchange
Once you have purchased the currency you will come to the next step; storing your Dogecoins. This is logically possible at any Dogecoin exchange, but there is a difference in the providers listed in this article.
At eToro and Bitvavo, for example, you receive the coin itself, and after your purchase you will find it in your portfolio or wallet. From there, you can do with the coin what you want, you can leave it at this exchange or send it to another exchange or wallet.
For people who are actively trading and probably want to sell their Dogecoins soon, it is wise to leave the coins on the Dogecoin exchange. If you want to keep your coins for a long time you should choose another secure wallet.
Securing your account on a Dogecoin exchange
Whatever you do with your account, securing it properly is crucial. In the world of cryptocurrency there are now many criminals who are after your login details, therefore always ensure an extra step of security in your account.
At all Dogecoin exchanges listed in this article you can set two-factor-authentication. If you set this up, every time you log in you have to enter a code that you receive on your phone, this protects you from anyone who knows your username and password.
Always pay attention to the security of a Dogecoin exchange and the security of your account. Take a look at the security options at eToro!
Everyone has to make their own decision as to which Dogecoin exchange is the most suitable. This depends entirely on your own requirements such as other offerings and the costs you incur.
What is the Best Dogecoin Exchange?
If you also want to invest in other products such as shares, eToro is the best place to go. Here you have all your investment conveniently arranged in the same portfolio.
Treat yourself to the largest range of trading products at the online broker eToro!
Tip: Also check out the other coins available at a Dogecoin exchange. By investing in multiple crypto currencies at once you reduce the risk you take with your investment.
Tips Before Starting at a Dogecoin Exchange
You now know all about the currency Dogecoin and which Dogecoin exchanges there are to get started with your first purchase. However there are still a few things that are helpful to know below are some tips on getting started at a Dogecoin exchange.
Invest in other products as well - The world of cryptocurrency is a very volatile one. Dogecoin can also go through a huge rise one day only to see the price plummet again a short while later, so invest in other products to hedge against this risk.
With shares and ETFs you run much less risk of losing a lot of value in a single day, and so part of your portfolio remains stable. This also allows you to better manage yourself when Dogecoin has a bad day.
Try out the platform - Some of the exchanges mentioned in this article allow you to use a free demo account containing virtual money. For beginners it is advisable to get started with this virtual money before investing with your own money.
This way you can get to know the platform completely and also slowly get used to the various functions of a Dogecoin exchange. By trying out these features with virtual money you will learn even better what the effect of your own choices will be.
Spread your investments - This is where many novice investors go wrong. Basically with Dogecoin you would want to invest when the price is low and sell when it is high, if it was that easy everyone would follow this strategy of course.
If this were so easy everyone would of course follow this strategy, however it is advisable not to gamble on succeeding immediately. It is better to spread your investments and to invest several times over a certain period of time, in this way you will automatically compensate for investments you made when the exchange rate was very high.
Do you want to know more about the currency itself? Then take a look at our article about buying Dogecoin.
Do you know enough and want to start immediately? At eToro you can start for free with the demo account before you begin investing with real money.
Dogecoin Review: Frequently Asked Questions
A Dogecoin exchange is an online marketplace where you can buy crypto coins like Dogecoin. At a Dogecoin exchange you can either buy coins from the exchange itself or trade them with other users.
The best exchange to buy your Dogecoins from is eToro. This is the most user-friendly option and in addition to Dogecoin, they offer a number of other crypto currencies as well as stocks, commodities and more.
The exact costs vary greatly from exchange to exchange. For example, eToro has incorporated the costs into the purchase and sale price, while at an exchange such as Bitvavo you pay a percentage of 0.25% per purchase and 0.15% on sale. At Capital.com, the costs depend on any leverage you choose for your investment.
The Dogecoin exchanges listed in this article are all secure options. They are registered with a European regulator which means you can be sure they comply with European laws and that you are protected as a consumer.
Dogecoins are best bought at a safe, regulated broker such as eToro. Here, you can buy the currency cheaply and store it safely.
Dogecoin Exchange: Conclusion
The coin is still one of the most popular and most valuable cryptocurrencies in the world. Dogecoin was already very popular, but was pushed further up by Tesla CEO Elon Musk, as well as other well-known Americans promoting Dogecoin.
You can easily purchase the currency at a Dogecoin exchange. Such an exchange offers you the opportunity to trade coins with other users or to buy or sell coins directly at the current market price.
It is best to choose an exchange with a wide range of other crypto currencies and other trading products such as shares. That way you can stay on the same account for all your investments and your portfolio will remain clear.
Also want to get started at a Dogecoin Exchange?
Then quickly go to the online broker eToro and create your account today!
