How to Buy Dogecoin on eToro – Step by Step Process

Dogecoin is a popular cryptocurrency that was created in 2013 as a joke. However, it has since gained a serious following and has even been accepted as payment by some businesses.

In this blog post, we will walk you through the steps on how to buy Dogecoin on eToro. You may want to make a new investment by buying dogecoin cryptocurrency. One of the best crypto exchanges to use is eToro. eToro is a great platform that offers a variety of cryptocurrencies and the rest.

So read on to find out the step-by-step process of buying this coin today.

What is eToro

eToro is a social trading and multi-asset investment platform that enables users to trade stocks, commodities, currencies, indices, ETFs, and crypto assets. The company was founded in 2007 and is headquartered in Cyprus, with additional offices in the United Kingdom, the United States, Australia, and Israel.

eToro offers a variety of features that make it a popular choice for investors, including:

• A user-friendly platform that is easy to navigate
• A wide range of assets to trade
• Low trading fees
• The ability to copy the trades of other successful investors
• A demo account that allows users to practice trading without risking any real money

eToro is a regulated broker, which means that it is subject to strict financial regulations. This helps to ensure that investors are protected.

How to Buy Dogecoin on eToro

Here are the steps on how to buy Dogecoin on eToro:

Step 1: Create an eToro Account

The first step is to create an account. but if you already have an existing account with eToro, you can move to the next part

How to Create an eToro Account

Here are the steps on how to create an eToro account:

• Go to the eToro website: and click on the “Join Now” button

• Enter your email address, username, and password.

• Select your country of residence and your preferred currency.

• Read and agree to the eToro Terms and Conditions and Privacy Policy.

• Click on the “Create Account” button.

Step 2: Verify your eToro Account

• Check your email inbox and verify your email address.

• You will be prompted to provide additional information about yourself, such as your full name, date of birth, and address.

• You will also be required to verify your identity and address. This can be done by uploading a copy of your passport or driver’s license and a recent utility bill.

• Once your account has been verified, you can make a deposit and start trading.

Step 3: Deposit Funds into Your eToro Account

before you will be able to purchase dogecoin you will need to make a deposit first.

How to Deposit Funds into Your eToro Account

Here are the steps on how to deposit funds into your eToro account:

• Log in to your eToro account.

• Click on the “Deposit Funds” button.

• Enter the amount you want to deposit and select your preferred currency.

• Select your preferred deposit method.

Step 4: Search for Dogecoin on eToro

Here are the steps on how to search for Dogecoin on eToro

• Log in to your eToro account.

• Click on the “Search” bar at the top of the page.

• Type in “Dogecoin” or “DOGE”.
• Click on the “Dogecoin” search result.

Dogecoin will be highlighted in the search results. You can also click on the “DOGE” ticker symbol to view the Dogecoin price chart and other information.

Step 5: Place a Buy Order

To buy Dogecoin, you need to place a buy order. You can do this by entering the amount of Dogecoin you want to buy and the price you’re willing to pay.

Once your buy order is executed, you will own Dogecoin.

How to Track Your Dogecoin Investment

There are a few ways to track your Dogecoin investment. Here are a few popular options:

• Use a crypto tracker: There are many crypto trackers available, both online and as mobile apps. These trackers allow you to track the price of Dogecoin, as well as your own investment. Some popular crypto trackers include CoinMarketCap, CoinGecko, and Blockfolio.
• Use a crypto exchange: If you bought your Dogecoin on a crypto exchange, you can usually track your investment through the exchange’s website or app. This is a good option if you want to track your investment alongside other assets that you hold on the exchange.
• Use a spreadsheet: If you are comfortable using spreadsheets, you can create your own tracker. This can be a good option if you want to track more details about your investment, such as the purchase price, fees, and capital gains.
• Use a portfolio tracker: A portfolio tracker is a more comprehensive tool that allows you to track all of your investments, including Dogecoin. This can be a good option if you have a diversified investment portfolio. Some popular portfolio trackers include Personal Capital and Mint.

No matter which option you choose, it is important to track your Dogecoin investment so that you can monitor its performance and make informed investment decisions.

Also Read: How to Buy Ethereum on eToro Instantly -Step by Step Guide

Is it Safe to Store Dogecoin on eToro?

It is generally considered safe to store Dogecoin on eToro. However, there are always risks associated with storing cryptocurrencies on an exchange, so it is important to weigh the pros and cons before making a decision.

Here are some of the pros and cons of storing Dogecoin on eToro:

Pros:

• eToro is a reputable and regulated cryptocurrency exchange.
• eToro offers a variety of security features to protect your funds, such as two-factor authentication and cold storage.
• eToro makes it easy to buy, sell, and trade Dogecoin.

Cons:

• If eToro were to be hacked, your Dogecoin could be lost.
• eToro could decide to close your account and confiscate your Dogecoin.
• eToro could charge high fees for storing your Dogecoin.

Can I Use eToro to Buy Dogecoin?

Yes, you can buy Dogecoin on eToro. eToro is a multi-asset platform that offers CFDs (Contracts for Difference) and real asset trading on stocks, indices, commodities, ETFs, currencies, and cryptocurrencies.

What is the Fee for Dogecoin on eToro?

eToro charges a single, simple, and transparent fee of 1% for buying or selling crypto. This fee is applied to both the opening and closing of a position.

For example, if you buy 100 Dogecoin for $1,000, you will be charged a fee of $10. If you then sell the 100 Dogecoin for $1,100, you will receive $1,090. The $10 fee will be deducted from your profits.

eToro also charges a withdrawal fee of 0.5% for withdrawing Dogecoin from your account. This fee is capped at $50.

What is the Minimum Amount of Dogecoin you Can Buy on eToro?

The minimum amount of Dogecoin you can buy on eToro is $10. This is the minimum deposit amount for buying cryptocurrencies on eToro.

However, it is important to note that the minimum amount of Dogecoin you can buy per trade may be higher than $10. This is because eToro charges a minimum trading fee of $1. So, if you want to buy $10 worth of Dogecoin, you will need to make a trade of at least $11 to cover the trading fee.

Conclusion

Buying Dogecoin on eToro is a relatively simple process. By following the steps outlined in this blog post, you can quickly and easily purchase Dogecoin on one of the most popular cryptocurrency exchanges in the world.

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