How to Buy Dogecoin on eToro

This beginner’s guide on how to buy Dogecoin on eToro will cover everything you need to know about investing in the lead meme coin. We will tell you where to buy Dogecoin and proceed to teach you how to create a crypto trader account with eToro, how to fund this account, and how to place a buy order for DOGE.

We will also tell you how to sell Dogecoin and provide you with an overview of the eToro crypto exchange. This explains why it ranks high among the best places to buy DOGE.

Quick 3-Step Guide to Buying Dogecoin (DOGE) on eToro

The crypto buying process on eToro can be narrowed down to just a few steps. The multi-regulated crypto exchange has oversimplified the Dogecoin buying process on its platform, making it as quick and straightforward as possible.

  • Step 1: Create trader account: The first step to buying Dogecoin or any of the next cryptos to explode is to create a crypto trading account. Open an account with eToro by clicking “Join now“. You will also need to verify your identity.
  • Step 2: Fund the account: The next step involves depositing cash into this trader’s account. The payment method available to you and the minimum deposit limit is dependent on your country of residence – but it starts from $10.
  • Step 3: Buy Dogecoin on eToro: After depositing cash, look up Dogecoin from the list of supported cryptocurrencies on eToro. Hit the “BUY” option against Dogecoin and proceed to customize this investment.

Cryptoassets are a highly volatile unregulated investment product. 

Below, we expound on this process and explain each step in detail. We will also discuss crypto wallets and teach you how to set up a free crypto wallet on eToro.

How to Buy Dogecoin With eToro – Step-By-Step Guide

This section explains the step-by-step process of how buy Dogecoin on eToro, the user-friendly crypto exchange and the best social trading platform.

One of the key factors making eToro the best place to buy Dogecoin today is its oversimplification of the crypto investing process. They have made it as beginner-friendly as possible, ensuring that you do not need expert help when buying your first crypto. They also make it possible for you to buy crypto with such fiat payment options as cards, banks, and eWallets.

Follow this guide to buy Dogecoin on eToro and more than 70 of the best altcoins.

Step 1: Create a Crypto trader account 

On your browser, open the official eToro website. Alternatively, download the eToro mobile trading app – available for both iOS and Android. Click the “Join Now” button on either platform and proceed to complete the user registration form that pops up here.

It will ask for such basic personal information as your name, phone number, country of residence, email address, zip code, and birth date. It will also ask for the source of your trading capital and your trading experience.

Step 2: Verify your identity 

We have already mentioned that eToro is a multi-regulated crypto exchange. It maintains an operating license from such top-tier regulatory agencies as SEC in the US, FCA in the UK, ASIC in Australia, and CySEC in Europe.

These bodies require the brokerage to subject its clients to know-your-customer (KYC) checks by verifying their identity. Simply email eToro a photo of a government-issued identification document bearing the names you used to create the trader account.

This takes a few hours to the entire day, and eToro will send you an email notifying you that the account has been approved.

Step 3: Deposit funds

Log in to the approved crypto trader account and, on your user dashboard, hit the “Deposit Funds” button. A funding tab will pop up, indicating all the payment options available to you based on your country of residence.

The most common are Skrill, PayPal, Neteller, credit cards, debit cards, and bank transfers. Note that the minimum deposit limit for bank transfers – regardless of your country of residence – is $500. Tap on your preferred payment option and follow the prompts to deposit at least $10 into your trader account.

Step 4: Find Dogecoin

After the payment reflects in your trader account, hit the “Discover” icon on your user dashboard. This directs you to the supported assets page indicating all the investing options supported on eToro. Tap the crypto option and the list of all the supported cryptocurrencies. Find Dogecoin from this list.

Step 5: Buy Dogecoin on eToro

After finding Dogecoin, hit the “BUY” option against the digital asset. A trading tab will pop up and you can use it to customize your trade. Indicate the number of Dogecoin you wish to buy or the amount (cash) you wish to invest in DOGE. Hit the “Open Trade” button to execute this trade.

Cryptoassets are a highly volatile unregulated investment product. 

Step 6: Set up eToro Wallet

When you buy Dogecoin instantly on eToro, the private keys for these digital assets will be immediately deposited into your exchange-provided crypto wallet. If you crave more access and control over this crypto investment, you will need to download the eToro Money mobile wallet. Often considered one of the best mobile wallet apps for iOS and Android, eToro Money is light and easy to use.

It even shares the same login credentials as your eToro crypto trader account. The wallet is highly secure as it supports two-factor authentication and heavily encrypts the private keys of the crypto before depositing them into the root storage of your phone. It is also multi-currency and supports Bitcoins and some of the best altcoins.

How to Sell Dogecoin (DOGE) With eToro

When selling Dogecoin on eToro, you follow the buying process that we have discussed hereinabove. But in place of hitting the “BUY” option after finding DOGE from the list of supported digital assets, you hit the “SELL” option.

On the trading tab that pops up, customize the sale by indicating how many DOGE tokens you intend to sell. Then execute this transaction by hitting the “Open Trade” button. Your trader account will show the fiat balance that you can withdraw using one of the many supported withdrawal methods.

How Much Does it Cost to Buy Dogecoin on eToro?

eToro maintains a highly competitive and transparent fee structure. When buying Dogecoin and other best future cryptos on the platform, for example, the exchange will only charge you a fixed fee of 1% the trade amount. The exchange, however, doesn’t charge you extra deposit fees when you buy Dogecoin with PayPal or credit cards. Note that this fee also applies to Dogecoin sales.

But this isn’t the only fee you will pay when interacting with the popular exchange. You will also pay a fixed $5 for fiat withdrawals – and the minimum deposit amount is set at $30. Crypto transfers, on the other hand, attract a 0.5% fee.

eToro Dogecoin (DOGE) Review

eToro has been offering crypto exchange services since 2013, making it one of the oldest and most reputable crypto trading platforms around. Among the many factors that make it a popular exchange are its commitment to the security of client funds, user-friendliness, and support for social/copy trading.

eToro Dogecoin Review

Why should you buy Dogecoin on eToro? For starters, eToro claims that it doesn’t share sensitive client information with third parties. It then gives all its platform users two free crypto wallets – an exchange-based wallet and a mobile wallet app.

The exchange-based wallet holds 90%+ of client assets in offline vaults while the crypto wallet app encrypts and stores them in your phone. Both are highly secure, as evidenced by the fact that eToro has never been hacked.

You may also like buying Dogecoin and the next cryptos to explode on eToro because of its user-friendliness. It not only maintains a quick and straightforward account opening process but also runs one of the most navigable and easy-to-use trading interfaces. This appeals to both beginners and pro traders.

Beginners are drawn in by the extensive selection of educational resources integrated into the exchange. These range from comprehensive how to invest in crypto guides to crypto news and analysis. They also get to practice trading on a free demo account. Pro traders are, on the other hand, drawn in by the equally wide selection of advanced trading, analysis, research, and risk management tools integrated into the trading interface.

Buy DOGE with eToro

eToro Dogecoin Social Trading

But it is the copy and social trading features that have made eToro a household name in the investment world. Copy trading lets you earn passively when you mirror the trade settings of highly successful traders into your account. Social trading, on the other hand, makes it possible for you to freely interact with other eToro platform users, share ideas, and collaborate in creating trading strategies. To start copy trading, however, you must have an account balance of at least $200.

Other factors that help make eToro one of the best places to buy cryptos. These include its support for a decent range of the best cryptos to buy, its deep liquidity, and the fact that it offers free insurance of up to 1 Million EUR/AUD to residents of Europe and Australia.

Pros & Cons

Pros:
  • Charges highly competitive crypto trading fees – fixed at 1%
  • Multi-currency exchange supporting 70+ established and new cryptos
  • Free and ultra-secure digital wallets that have never been hacked
  • Anyone can earn passively with copy trading
  • User-friendly interface that appeals to both beginner and pro investors
Cons:
  • Support over the phone or chat is only available to eToro club subscribers
  • Maintains non-trading fees – fiat withdrawal and crypto transfer charges

Cryptoassets are a highly volatile unregulated investment product. 

Conclusion – How to Buy Dogecoin on eToro

eToro has oversimplified the process of buying Dogecoin and other top meme coins on its platform. It has also made its trading platform as user-friendly as possible by not only improving its navigability but by integrating a host of features that appeal to both beginner and pro investors. eToro also positions itself as one of the best places to buy Bitcoin and such altcoins as DOGE because of its commitment to the security of client data and funds.

In the above guide, we have walked you through the typical crypto-buying process on eToro. We have taught you how to buy your first digital asset on the platform, how to sell, and how to keep these assets safe.

Author Checked Reviewed and Fact Checked by Kamal Masri, Crypto Writer and Investment Analyst.

eToro Exchange

  • Free Copy Trading of Professional Traders
  • Best Place to Buy Dogecoin
  • Minimum Deposit only $10
  • Best Beginner exchange
  • Open to US & Worldwide
9.9

5 Stars

Cryptoassets are a highly volatile unregulated investment product.

FAQs on How to Buy Dogecoin on eToro

Can I buy Dogecoin on eToro?

Yes, you can buy Dogecoin on eToro. The crypto exchange currently supports more than 70 of the most popular and most traded digital assets – both large-cap assets like Bitcoin and new cryptos like ApeCoin.

You only need $10 to start buying Dogecoin or any other crypto on eToro. Note, however, that the minimum deposit amount depends on your preferred payment method and country of residence.

Yes, you should consider buying Dogecoin on eToro because the exchange is ultra-secure, has simplified the crypto investing process, and charges highly competitive fees.

Yes, you can easily transfer Dogecoin from eToro to other wallets and trading platforms. You will, however, first need to move this crypto to the eToro money wallet, from whence you can transfer them to third-party platforms. This attracts a transfer fee of 0.5% the transaction volume.

When buying or selling Dogecoin on eToro, you will be charged a fixed fee of 1% the trade volume. Other fees associated with such a trade include the 0.5% crypto transfer charge.