April 26, 2022

Buy Dogecoin with eToro

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eToro is a mainstream platform for trading crypto and stocks. But how exactly do you buy Dogecoin with eToro? Keep reading to find out all you need to know.

Hoping another Dogecoin price bump is in the future?

If eToro is your platform of choice, you're in luck. Dogecoin is available to buy on eToro.

In this guide, learn how to buy Dogecoin on eToro with debit, credit, PayPal and more.

What is eToro?

Founded in Israel in 2007, eToro is a popular trading platform for buying and selling crypto, stocks, and ETFs.

eToro is best known for its social trading aspect and popular CopyTrader feature. This feature lets you automatically copy the trades of more experienced traders, benefitting from their knowledge and experience.

But CopyTrading isn't the only way to boost your knowledge with eToro. You can also chat with other members about strategy and market trends and take advantage of their educational content.

Their demo trading account is especially useful. This lets you practice investing in real market conditions with $100,000 of fake money.

Is eToro good for beginners? eToro is a good choice for beginners who want the chance to learn from other investors. With their CopyTrader feature, you can jump right in and start trading without the steep learning curve.

How to Buy Dogecoin with eToro

Now that you've got a better idea of what eToro is and how it works, let's get down to the real reason you're here: how to buy Dogecoin on eToro.

There are several methods available for buying Dogecoin and other crypto coins on eToro. Your process will vary only slightly depending on which payment method you use. Review how to buy Dogecoin on eToro with debit, credit, PayPal and more below.

Buy Dogecoin with a Bank Account

Buying Dogecoin with a bank account via ACH (Automated Clearing House) transfer is typically one of the most popular approaches to purchasing coins on cryptocurrency exchanges like eToro.

To buy Dogecoin with a bank account on eToro, here's what to do:

  1. First, link your bank account to your eToro account. This can be done by finding the Deposit Funds button on the mobile app or desktop site.

    A window will open that gives you the choice to pick a payment option. If you don't already have one set up, you'll be able to add one.

  2. Once it's linked, locate Dogecoin on the eToro platform. Try searching "Dogecoin" or "DOGE".

  3. Then, click the "Trade" button and input the amount of Dogecoin you want to buy, either in dollars or in DOGE.

  4. Review your purchase, including all the fees that have been applied.

  5. If everything looks good, then click the "Buy" button.

    The Dogecoin you've purchased will be transferred into your eToro account.

Keep in mind that you aren't going to be able to buy more Dogecoin than you have money for in your account.

This feature prevents you from accidentally purchasing more than you can afford, but if you actually want to buy more than you currently have deposited, you can do it simply by adding more funds before making your purchase.

What's the cheapest way to buy Dogecoin? ACH bank transfers are frequently the cheapest option for buying Dogecoin from an exchange, as well as the fastest. It's true that some platforms don't charge extra fees for credit and debit card purchases, but a fair number of them charge a high price for the privilege.

Buy Dogecoin with Debit or Credit Card

While buying cryptocurrency with a credit or debit card is not as popular a method as using bank transfers, the process is much the same.

Once your card is linked, it's a simple matter of completing the transaction using the same steps as buying via bank account.

  1. First, link your card to your eToro account. Click the Deposit Funds button on the mobile app or desktop site, and put your card as your payment option.

  2. Once it's linked, locate Dogecoin on the eToro platform. Try searching "Dogecoin" or "DOGE".

  3. Then, click the "Trade" button and input the amount of Dogecoin you want to buy, either in dollars or in DOGE.

  4. Review your purchase, including all the fees that have been applied.

  5. If everything looks good, then click the "Buy" button.

    The Dogecoin you've purchased will be transferred into your eToro account.

Buy Dogecoin with PayPal

PayPal is another excellent option for buying Dogecoin on eToro.

The first steps stay the same. Sign up for eToro and make sure you're verified. That's necessary no matter what your payment method is.

  1. Once your account is set up, find the Deposit Funds button through the mobile app or on the desktop site

  2. Choose PayPal as your preferred payment method, and follow the instructions to link your PayPal account to eToro.

  3. Once it's linked, locate Dogecoin on the eToro platform. Try searching "Dogecoin" or "DOGE".

  4. Then, click the "Trade" button and input the amount of Dogecoin you want to buy, either in dollars or in DOGE.

  5. Review your purchase, including all the fees that have been applied.

  6. If everything looks good, then click the "Buy" button.

    The Dogecoin you've purchased will be transferred into your eToro account.

There are no fees associated with making deposits and withdrawals on eToro via PayPal, but there is a $5 withdrawal fee for non-U.S. customers, and a minimum withdrawal amount of $30.[1]

Not sure you want to buy on eToro? Check out our guide to the best platforms for buying Dogecoin to pick the best exchange for you.

How to sign up with eToro

Completely new to eToro? You'll need to create an account with them to buy Dogecoin. Here's how to do it:

  1. Visit the eToro site or download their mobile app.

  2. Click the "start investing" or "sign-up" button.

  3. Enter a unique username, your email address, and a password.

  4. Then verify your email address using the provided link.

  5. Complete and verify your eToro account with some personal information.

If this is your first time signing up for a trading or crypto platform, you might be surprised by the amount of personal information they ask for.

Don't worry. eToro and other sites take this information to comply with policies like Anti-Money Laundering and Know Your Customer (KYC) regulations.

These are designed to protect consumers from fraud and other criminal activity.

Bottom Line

There are lots of different ways to buy Dogecoin on eToro. eToro accepts a wide variety of payment providers including Mastercard, Visa, PayPal, Skrill Moneybookers, Diners Club International, Neteller, Web Money, Union Pay, and Yandex, in addition to convenient ACH bank transfers and credit or debit payments.

Among their numerous options, you're sure to find one that works for you. Once you do, it's just a matter of depositing your funds and making your purchase. And then you too will be the proud owner of your very own Dogecoin.

References

  1. ^ "Fees": eToro, 2022.
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Jeremy Harshman is a creative assistant at CreditDonkey, a crypto comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.

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