Dogecoin had a good start to 2021, capturing the interest of almost every crypto enthusiast on the planet. Despite the ups and downs of recent months, investors continue to acquire Dogecoin in large quantities. This article will explain which is the best place to buy dogecoin UK and how to buy it.
Cryptocurrencies like Dogecoin have been a fantasy for crypto lovers. It captured the attention of not only investors but also is now popular among big financial companies, which have perceived Dogecoin and other altcoins as fantastic financial assets.
Dogecoin was launched in 2013 and is a meme-coin and among one of the most well-known digital currencies. It all started as a joke, it captured the attention of the digital world when a dog meme went viral on the Internet. It is the reason that the viral picture of a dog was used as the Dogecoin logo. Another term for it is “dog coin.” Let’s have a look at where to buy dogecoin in UK.
Best Place to Buy Dogecoin UK
Up till now, Dogecoin rewards have been outstanding. There’s no denying that Dogecoin’s volatility has been unpredictable. Many expert investors believe it will grow in value over time. In the Investing world, Dogecoin is overtaking Bitcoin and it has the potential to become a compelling tale. You’re undoubtedly wondering what would be the best place to buy Dogecoin UK. Dogecoin may be purchased on several channels in the UK. However, we will only analyze the top three platforms in this article.
The trading platform eToro is approved and authorized by the FCA, making it a suitable, reliable, and therefore the best place to buy Dogecoin in the UK. Many cryptocurrency exchanges can achieve this feat. eToro simplifies the Dogecoin investing as well, due to its user-friendly website and lack of complexity. Even if you’re a newbie, eToro can help you acquire Dogecoin.
You must have an eToro account before you get started. The creation of an account would only take a few minutes. Following that, you’ll be requested to deposit $10 using your debit card or e-wallet. You can also use the bank transfer method to transfer the money. After you’ve made your investment, you may begin investing in Dogecoin in the United Kingdom. When you are trading, you will just have to pay the amount which is the difference between the buy and sell price.
If you want to buy Dogecoin in the UK, Coinbase is a fantastic choice. It is a digital money exchange with over 70 million customers based in the United States. You can now buy Dogecoin with convenience thanks to Coinbase’s expansion into the UK market. To begin, you have to set up an account and then you should verify it. To sign up, you have to provide some basic contact information with a photocopy of your driver’s license or identity card then you might buy Dogecoin in the UK conveniently with a debit/credit card.
Your transaction will be completed promptly, but keep in mind that Coinbase will cost you 3.99 percent. As a result, if you buy a £500 value of Dogecoin, you’ll have to pay about £20 in fees. If you want to go for the bank transfer option to deposit money into the account then it is possible too with Coinbase. Although there are no deposit charges, you will have to pay a 1.49 percent trading fee when buying Dogecoin. Consequently, this option is substantially more costly than eToro.
You know Binance is among the largest global crypto exchanges by transaction volume. They introduced Dogecoin in 2019 and accept a variety of purchasing options in addition to credit card methods. It used to be one of the most well-known crypto exchanges in the United Kingdom. Several fundamental account capabilities have been deleted after the FCA launched an inquiry into the site. For example, in the past, you could deposit and withdraw pounds via a free and near-instant UK bank transfer. However, Binance has now banned UK bank transactions.
Another popular crypto exchange, Binance is among the highest trading volumes around the globe. Dogecoin was listed on Binance in 2019 and they accept a variety of payment options in addition to credit/debit cards. Back then it was one of the most commonly used cryptocurrency exchanges in the UK. But now many fundamental account features have been deleted after the FCA launched an inquiry into the site. For example, in the past, you can deposit and withdraw money through bank transfer completely free. But, Binance has now banned UK bank transactions.
How to Buy Dogecoin in the UK
Let’s say that you choose the eToro platform, the next step is to buy Dogecoin. But how? Following are the three easy steps that you can follow:
Create an eToro Account
Create an eToro account first by going to the official website of eToro and clicking ‘Join Now.’ Fill in the required fields, such as your name, email address, phone number, and photo, and then confirm your account with a scanned photocopy of your identification card or driver’s license. This step can be skipped if you previously have an existing account.
Use PayPal to Finance Your Account
To buy dogecoin it is necessary to have a running PayPal account which must have funds already. Go to the home screen of eToro, then find ‘Deposit Funds’ options and then choose PayPal as your deposit option to fund your new account. Follow the steps shown on the screen to connect your PayPal account with eToro and enter the amount you wish to transfer.
To integrate your PayPal payment method to eToro, you’ll need to follow the precise guidelines specified. After you’ve completed this, enter the value you would like to send (it should be at least $50).
Invest in Dogecoin
The last step is to purchase your Dogecoin:
To invest in Dogecoin you have to find the crypto option on the screen. Type ‘DOGE’ in the search bar then under ‘Trade’, enter the amount of DOGE you want to purchase (it should be at least $10). To finish the transaction, select the ‘Open Trade’ option.
So, you see how you can buy Dogecoin with PayPal without any hassle.
This article has covered what you need to know before investing in Dogecoin in the UK, from the best place to buy Dogecoin UK to how you can buy it. Since you already know the best place to buy Dogecoin UK, it’s time to make an investment decision. We advise you to connect with eToro if you’re wanting to buy Dogecoin securely and right now. Because when investing in the UK, eToro is licensed and provides low rates so it might be a convenient and reliable option. Furthermore, you can fund your eToro account for as little as $10, and you can also connect your PayPal account with its deposit and withdrawal money. But in the end, it is your choice to select whatever platform you think would be suitable for you.