Buy Dogecoin with Credit Card
How to Buy Dogecoin with Credit Card - The Complete Guide For 2022
Dogecoin started slowly as a meme coin, then exploded in value from a few cents to almost $1 (precisely $0.74) at its all-time peak, eventually attaining general usage in 2021.
Despite the fact that the market has been trading sideways this year, the chances of another bull run remain high. Do you want to buy Dogecoin using a credit card to take advantage of the next bull market? Here’s how!
What Is Dogecoin?
Dogecoin is a cryptocurrency and blockchain initiative, first and foremost. Furthermore, DOGE was utilized to perform quick decentralized transactions on the blockchain, just as other virtual currencies. However, there are a few features that set this cryptocurrency apart from others in its class.
Moreover, Dogecoin was created as a fork of Litecoin, and it runs on the same network as the well-known cryptocurrency LTC. DOGE’s creators choose to use a merged mining approach. As a result, Litecoin miners can earn additional DOGE coins for supplying the same hash power as before the merge.
Top 3 Exchange Platforms to Buy Dogecoin with Credit Card
Where can you purchase Dogecoin using a credit card? Credit card payments are accepted by a number of prominent crypto exchanges. You should consider the following exchanges when looking to buy Dogecoin with a credit card:
eToro
Many people want to buy Dogecoin; however, not every cryptocurrency exchange has it listed and is accessible to newcomers. eToro.com is an FCA-regulated user-friendly platform that accepts a wide range of deposit options, including credit cards and PayPal.
If you want to buy cryptocurrency using a credit card, use a reputable trading platform.
Beginner cryptocurrency traders will find eToro to be incredibly user-friendly. Its crypto segment is separated from the rest of the exchange’s assets, which include equities, ETFs, indices, and commodities. If Dogecoin, one of the approximately 60 currencies supported, appeals to you, simply click DOGE and it will provide you with all the information you need to determine whether to purchase or sell.
The “Feed” section of your dashboard has a social media-like design where you can see the most recent DOGE community debate. One of eToro’s benefits is its social trading features, which are especially useful for traders who are just getting their feet wet in the crypto world. Dogecoin’s real-time candlestick charting and fundamental analysis (FA) data are also available to traders.
eToro is for traders who wish to buy Dogecoin with a credit card quickly and easily. It boasts a transparent pricing structure, with only a one percent trading fee applied to each transaction. Based on the country, it may also charge a modest fee when investors make their initial card payment.
Pros
- Reasonable fees
- It is a user-friendly platform that’s easy to navigate
- Allows copy trading
Cons
- You have to pay to withdraw funds
Binance
Binance began accepting credit card payments in the year 2019. This implies you can purchase Dogecoin with a credit card at any time using this platform. Binance is open 24 hours a day, seven days a week, with a customer care line available at all times in the event of a credit card transfer problem.
Traders are drawn to Binance because of its low fee structure. It features a 0.1 percent trading fee cap for takers and makers, or 0.075 percent if you pay using Binance Coin (BNB) and keep some of that token in your portfolio for day trading.
The platform’s most important feature is its global accessibility. Binance provides services to over 140 countries across the world and 43 US states. It accepts 20 fiat currencies, including EUR, GBP, and USD. USDT can be used to trade Dogecoin (Tether).
Binance’s user interface is appealing to a wide range of users with various trading styles. On the platform, novices and experienced investors can trade over 500 currencies and switch between two trading modes: Advanced and Classic.
Pros
- It is easy to purchase crypto with a credit card
- $10 minimum deposit
- Low trading fees
- User-friendly experience
Cons
- Not available in all states in the US
Crypto.com
Crypto.com is another site where you may instantly purchase Dogecoin with a credit card. In terms of service and security, the exchange has a solid track record.
It accepts various payment methods, including debit or credit card transactions, bank transfers, and online transactions. With over 250 crypto cryptocurrencies available for trading, investors have plenty of options.
Crypto.com’s high-interest offer for staking its native token, CRO, is another plus. Users can earn up to 14.5 percent annual percentage yield by putting their digital assets on the site (up to five percent per annum on Dogecoin). Long-term investors that want to create passive income from their cryptocurrency portfolio would benefit from this.
Pros
- Cashback rewards when using a Visa card
- Low fees
- Strong security
Cons
- Difficult to navigate
How to Buy Dogecoin with a Credit Card
In 2022, Dogecoin is one of roughly 60 cryptocurrencies featured on eToro. Here are four simple steps to buying Dogecoin on the eToro exchange with your credit card:
Step One – Open an Account
To register, go to eToro’s website and select “Sign Up.” You will be asked to create a username and password. Linking your Google or Facebook accounts is also possible.
Step Two – Verify Your Account
After you sign up, you’ll be taken to the dashboard. To continue, click “Verify Account” and upload evidence of identification. A few accepted documents for verification include a driver’s license, passport, and bank statement.
Step Three – Deposit Funds into the Account
You can now make a deposit to fund your account. Select “Deposit Funds” from the drop-down menu. Enter your credit card details and choose “Debit / Credit Card” as the payment option.
Step Four – Purchase DOGE
You can purchase Dogecoin on eToro now that your account has been funded. Insert DOGE in the search field, click it, and select “Trade.” On the next screen, enter the transaction amount before clicking “Open Trade.”
Why Should You Buy Dogecoin with Your Credit Card?
There are numerous advantages to purchasing Dogecoin with a credit card. It’s quick, safe, and handy.
Availability
Credit cards are becoming more widely accepted as a payment method on several cryptocurrency exchanges. Rather than joining a third-party payment tool, many traders still choose the straightforward way of linking their credit cards.
Instant Transfers
Purchasing cryptocurrency with a credit card is one of the quickest and easiest ways to conduct a transaction. The typical transfer time for most exchange platforms when paying with a credit card is five minutes or less.
On eToro, funds are received three minutes after a transfer is initiated. A domestic wire transfer, on the other hand, may take longer to execute.
Conclusion
The Dogecoin project, which was launched as a joke using a popular meme as its logo, had no idea that the virtual coin’s price would ever climb by 1,000%.
Buying Dogecoin with a credit card is quick and simple, particularly if you use one of the exchanges listed above. Despite the hefty transaction fees and buying limits, many people find this a highly enticing option.
BWCEvent aspires to share balanced and credible details on cryptocurrency, finance, trading, and stocks. Yet, we refrain from giving financial suggestions, urging users to engage in personal research and meticulous verification.
