Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Supporters of Dogecoin claim that this currency is going "to the moon." But it might not be evident to you how to buy Dogecoin if you've never bought cryptocurrency before. This article will explain how to purchase Dogecoin on eToro.
Everything you need to know will be covered in this guide, including how to form an account, create a cryptocurrency wallet, and purchase Dogecoin. Are you prepared to begin? Continue reading to find out how to buy Dogecoin on eToro.
How to buy Dogecoin on eToro; Step-by-Step Guide:
The below mentioned steps will cover everything you must know to buy Dogecoin on eToro.
Step 1: Open your eToro account:
Visit the eToro website and select Sign Up to begin going. Choose a username and password for your new trading account after entering your email. eToro will request your name, phone number, zip code, and birthday on the following page.
Step 2: Verify your account:
You must prove your identity for eToro to meet Know Your Customer regulations. This step can be finished by taking a picture of your passport or driver's license and uploading it to the platform. Next, you must upload documentation of your residency to confirm your address. This might be a recent bank statement or electricity bill.
Step 3: Deposit funds in your account:
For all new accounts in the US with eToro, a minimum deposit of $10 is necessary. You can pay using a debit or credit card from Visa, Mastercard, PayPal, Neteller, or Skrill. Additionally, eToro accepts bank transfers with a $500 minimum deposit. As a result, you may choose from various payment options to acquire the most outstanding altcoins.
Step 4: Install a crypto wallet (Optional):
To purchase Dogecoin, you don't require an eToro Dogecoin wallet. However, having a wallet can be helpful if you want to transmit or receive cryptocurrency.
For iOS and Android, eToro offers a free cryptocurrency wallet app. You must download the app from Google Play store or the Apple App Store, then sign in with your eToro login and password.
Step 5: Search for Dogecoin:
Find the search bar which is at the top of your eToro dashboard. Please type them in when DOGE or Dogecoin appears in the search results and select Trade. It will launch a new order form.
Step 6: Buy the Dogecoin:
Please enter the desired Dogecoin purchase amount in US dollars. In contrast to long-term investing, you can choose a stop loss or take profit price, which is generally utilized for eToro Dogecoin trading. Then, click Open Trade when you're prepared to finish buying Dogecoin.
How to sell Dogecoin on eToro?
The same steps you would take to make a purchase on eToro may be used to sell your dogcoins. The distinction is that you must click Sell at the form's top after opening a new order form. then click "Open Transaction" after entering the quantity of dogcoins you wish to sell.
Cost of buying Dogecoin on eToro?
Comparatively speaking, using eToro to buy and sell Dogecoin is cheaper than other significant cryptocurrency exchanges, dogecoin price currently . When you acquire Dogecoin, a transaction cost of 1% is fixed; a second transaction fee of 1% is applied when you sell. There are no additional fees if you use a credit card, debit card, or e-wallet to acquire cryptocurrency on eToro.
Furthermore, you should be aware that eToro charges a 0.5% transfer fee when you send money from your trading account to your Dogecoin wallet on the platform. In addition, every cash withdrawal from eToro carries a $5 fee.
Kevin Frank is a seasoned cryptocurrency writer who contributes to several major media outlets, including Coingape. With a keen interest in crypto's ever-changing landscape, he provides insightful coverage of its ups and downs, backed by extensive research. Kevin is also known for his accurate daily price predictions, helping readers navigate the volatile world of cryptocurrency. Follow Kevin on Medium at kevinfrank05 for more of his latest analysis and commentary.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.