Dogecoin is a cryptocurrency that was developed in 2013. It started as a joke, but you can bet that it is a joke no more. The currency is based on an internet meme that features a Shiba Inu dog with broken English text superimposed over it.
Although its origins are uncertain, Dogecoin has become one of the most popular cryptocurrencies in circulation today. If you are interested to know more about Dogecoin, let’s dive into the complete guide on how to buy Dogecoin in the UK!
How to buy Dogecoin in the UK – quick guide
Dogecoin is the new cryptocurrency that has taken the world by storm. Buying Dogecoin in the UK is a piece of cake.
This is a step-by-step guide that will show you how to do it and have you up and running in 5 minutes or less.
Step 1 – Open an eToro Account
Head over to eToro’s homepage and click ‘Join Now.’ Enter a valid email address and choose a username and a password for your account.
Step 2 – Make a Deposit
New users can make deposits as little as $10 (£7.73). eToro accepts credit/debit cards, bank transfers, and various e-wallets – including PayPal, Skrill, and Neteller.
Step 3 – Search for Dogecoin
Type ‘DOGE’ or ‘Dogecoin’ into the search bar at the top of your screen and click ‘Trade’ next to the first option.
Step 4- Buy Dogecoin in the UK
An order box will then appear. You can use it to enter your wanted amount (the minimum you can choose is $10). Next up, check if you typed everything correctly and click ‘Open Trade’.
That is it! It is that simple. You have learned how to buy Dogecoin in the UK!
Where to buy Dogecoin UK
The popularity of Dogecoin has increased dramatically over the past few months, as it was able to increase its market cap by more than 300% in less than a month. At the moment, the total market cap of Dogecoin is $403 million, and there are more than 111 billion coins in circulation.
Now that you have learned about its value and what you need to do to buy Dogecoin in the UK, here is a little bit more about the best place to buy Dogecoin UK.
- eToro – The best place to buy Dogecoin UK
eToro is the best place to buy Dogecoin in the UK. It is a cryptocurrency trading platform that allows users to trade with multiple currencies on the go. eToro is one of the leading trading sites for cryptocurrency and CFDs.
It offers a wide variety of assets to trade on and even has a social network built into its platform. While it is possible to buy Dogecoin with fiat currency, it can be quite difficult. The easiest way to buy Dogecoin is to use another cryptocurrency as an intermediary.
That’s where eToro comes in. You can easily buy Dogecoin or Ethereum with fiat currency and then use that to buy Dogecoin on eToro or another site that accepts cryptocurrency. It is a growing social network where people from all over the world can trade cryptocurrencies and share their trading journey.
It has grown at an exponential rate. In July 2013, eToro had just 100,000 registered users, and as of April 2017, it has well over 10 million users. In fact, it’s estimated that about half the Dogecoin trading volume comes from eToro. eToro is considered to be one of the most innovative companies in its industry, as it’s been an early adopter of cryptocurrencies, blockchain technology, and tokenization.
eToro provides a trading platform that allows users to follow and copy others’ trades, which surely comes handy when you need some help.
- Binance – A good alternative to buy Dogecoin
Binance has earned its place as one of the most popular crypto exchanges, and it does not plan to go off the market soon. The platform is very intuitive and easy to use, allowing anyone (even those without a background in trading or coding) to get involved.
The platform is also incredibly fast, handling up to 1.4 million orders per second, making it one of the fastest exchanges on the market. Binance offers a wide variety of cryptocurrency trading pairs, which makes it easy for you to do your trading quickly and efficiently.
The platform also offers low trading fees, even for makers. Binance offers a very secure platform and has never been hacked. The exchange also features a multilingual support team that is available 24/7 to assist you with any problems or questions you may have. Binance also has an impressive referral program that allows you to earn up to 40% of the trading fees from your referrals’ trades.
- Coinbase – A great place to find Dogecoin
Cryptocurrencies like Dogecoin are making it easy to transfer money between individuals and businesses. These currencies allow you to send money across borders quickly, conveniently, and at a fraction of the cost.
Cryptocurrencies are also more secure than traditional online payment systems, and the transaction fees are lower. Coinbase is one of the most popular platforms for both Dogecoin and Dogecoin transactions. With Coinbase, you can buy your first Dogecoin using a debit card or bank account in just minutes.
According to Bloomberg, Coinbase has had over $20 billion in cryptocurrency transactions since the platform launched. The CEO of Coinbase, Brian Armstrong, said that the company is looking to add more cryptocurrencies on their platform and plans to have them available for trading by early next year.
This is a major announcement as it shows that one of the largest cryptocurrency exchanges in the world will be adding support for Litecoin (LTC) and Ethereum Classic (ETC).
Best way to buy Dogecoin UK – payment methods
If you have decided to buy Dogecoin, you are probably asking yourself: “What is the best way to buy Dogecoins UK?”. Well, don’t worry, because we are here to help! The currency is an open-source, peer-to-peer digital currency, which allows users to send money online easily. The coin has gained traction as an Internet tipping system, in which social media users give Dogecoin tips to other users for providing interesting or noteworthy content.
Dogecoin can be bought with a bank transfer, debit card, or credit card. It can also be used to buy goods or services from online vendors who accept this cryptocurrency as a form of payment. The list of such vendors is growing all the time. Here are a few ways you can use to buy Dogecoin.
Buy Dogecoin UK with PayPal
The best place to buy Dogecoin UK with Paypal is by using eToro. The process is pretty simple – you will just need to open your account and select your preferred payment method (in this case, PayPal) and deposit the wanted amount.
If you don’t have an account yet, you will need to open it following a very simple process mentioned above.
Buy Dogecoin UK with credit card
It is very easy to buy Dogecoin with a credit card, and it can be done in less than a few minutes. You will only need to log in to your eToro account (or open one if you don’t have it still) and choose your preferred method.
In this case, choose a credit card. You will need to provide your credit card number and expiry date, as well as the amount you want to deposit, and that is! You are all set to get your Dogecoin in a matter of minutes!
Current price of Dogecoin and the predictions
What is the current price of Dogecoin? You might think this question doesn’t get asked enough in the cryptocurrency community. But it does cause quite a stir, and most people don’t know the answer.
In fact, it is not so hard to find out. You can find out by running a search on eToro. The predictions about its value are quite optimistic, and the experts say that its value will reach $1 by the end of this decade.
This is probably the reason why so many people want to be part of the Dogecoin craze. There is no doubt that its value will just keep increasing and that it will be an excellent opportunity to make even more profit in the future.
How to buy Dogecoin in UK – tutorial
For the end, we have compiled a detailed step-by-step tutorial on how to buy Dogecoin UK on our recommended Dogecoin exchange eToro.
Step 1 – Make an account with eToro – go to the eToro site, find the “Join Now” button and click on it. You will need an email address (it has to be a valid one since you will need to confirm it later), a username, and a password to register a new eToro account. Once you receive a confirmation email, click on the link inside and you are ready to go.
Step 2 – Deposit funds – The minimal deposit for eToro is $10 (£7.73). You can use a bank transfer, credit/debit card, or e-wallet to deposit money to your eToro account. All popular e-wallet options are supported on eToro, including PayPal, Skrill, and Neteller.
Step 3 – Find Dogecoin – Locate the search bar and type either “BTC” or “Dogecoin ” in the field. Then, form a drop-down menu, select “Trade”.
Step 4 – Buy Dogecoin – In the order box, enter your desired position size (minimum $10). You will see what fraction of BTC you can receive for your money. Once you are satisfied with the amount you want to spend, click “Open Trade”. Congratulations! You are now a proud owner of BTC.
The value of Dogecoin is on the rise and if you are thinking about where to buy Dogecoin UK, look no further than eToro. It is the best place to buy Dogecoin right now, and with various payment methods and the simplified process of purchasing it, you will be feeling like a pro in no time!