Buy Dogecoin with Debit Card
How to Buy Dogecoin with Debit Card – The Complete Guide for 2022
Most people understand what cryptocurrency is, but they’re unaware that they have options other than Bitcoin. Dogecoin is another crypto choice, but it’s different from Ethereum and Bitcoin.
In a sense, it was a lighthearted joke between crypto enthusiasts, taking its name from a popular meme. Two software engineers created it in 2013. Jackson Palmer branded the logo with a popular meme featuring a misspelled word to focus on Shiba Inu dog.
Overall, it was designed to poke fun at Bitcoin, but it gained a cult status in 2021 and is now a quite popular option.
There are many ways to purchase Dogecoin, but today you learn how to do so with a debit card. First, let’s check out the top exchange platforms that offer Dogecoin.
Top 3 Exchange Platforms to Buy Dogecoin with Debit Card
Coinbase
Coinbase is probably the best choice for beginners because it has many educational resources on crypto trading. No other websites rival it in this aspect because there are more than 100 video and text guides. Plus, you get a user-friendly interface, so it’s easy to set up the account, link a wallet, and add debit card information.
Consider checking out the fee structure, though, because it could cost more than other platforms.
Pros
- Mobile app available
- Easy to buy and move cryptocurrency
- Advanced trading available
- Tons of educational resources
Cons
- Higher transaction fees
- Must upload your government-issued ID to be verified
eToro
You’ve likely come across eToro when researching crypto exchanges. It’s suitable for beginners who haven’t purchased Dogecoin before and offers affordable transaction fees. Therefore, there should be no trouble buying cryptocurrency.
eToro offers a mobile wallet on its platform, which is secure! However, there’s a lengthy verification process with many steps to take before withdrawing the crypto you’ve bought.
Still, people like it for its security. It has many regulatory agencies involved, such as ASIC, FCA, FINRA, CySEC, and FinCEN. Plus, you’re sure to like the spread-based approach because there are no transaction fees to open trades. You can even find free deposits for newbies!
Pros
- Simple interface
- Transparent fees
- Low deposits
- Great for those who like speculating on price swings
Cons
- Longer verification process with many steps required to withdraw crypto
CEX.io
CEX.io is also a well-known crypto exchange that offers trading and brokerage options. Therefore, if you’re a cryptocurrency novice and need help, you can choose the brokerage service to buy Dogecoins.
However, you should understand that brokerage services come with higher fees than traditional transaction fees. Plus, the exchange rates are higher than at other exchanges. Still, if your goal is to have a highly secure platform, this one can’t be beaten!
Pros
- Reputable company and brand
- Offers brokerage and trading services
- Highly secure platform
Cons
- More expensive (exchange rates and brokerage fees)
Is It Hard to Purchase Dogecoin with a Debit Card?
Cryptocurrency exchanges were developed early on for Bitcoin and Ethereum, so debit-card purchases were all that was available. However, it was hard to do because most people didn’t understand the process. It’s no longer challenging to pay for Dogecoin and other cryptocurrencies with a debit card.
Decentralized Nature
The blockchain, which houses cryptocurrency like Dogecoin, uses a decentralized system to record the transactions. There are various security protocols put in place, so it’s safe to use a debit card on the website or exchange app. Plus, it’s highly convenient! There’s no risk of losing money or becoming a victim of a scam.
Streamlining the Process
Most cryptocurrency exchanges have now streamlined the process of buying crypto, so it’s faster and smoother for everyone. Therefore, it’s not hard to buy Dogecoin and pay with a debit card as the transactions are recorded and secured within the blockchain!
Where to Store Dogecoin Once You Buy It
Before learning how to buy Dogecoin with a debit card, you should be aware of how to store it after the purchase. Most people believe a crypto platform is the safest option for storage, but that might not be true.
You’ve got a physical wallet to store coins and cash, and you can store Dogecoin and other cryptocurrencies in a digital wallet. It can be web-based and in the cloud or in a separate hard drive that you plug into the computer.
How to Purchase Dogecoin with a Debit Card
You must purchase cryptocurrency through an exchange, which is often housed on a specific or official website or app. Here are the steps to take to buy Dogecoin with a debit card:
Choose an Exchange
The first step is to choose a crypto exchange that lets you use debit cards for purchases. Above, you saw the top three platforms available. While we have done the hard work of researching options for you, it’s still a good idea to read testimonials and reviews to see how many satisfied clients the platform has before using one.
Register with the Exchange
When you pick the cryptocurrency exchange you like, you should create an online account. It’s often a simple process, and there are step-by-step instructions to guide you. Usually, it’s similar to setting up other financial accounts.
With an account, you can purchase whatever cryptocurrency you prefer and can access your investments and financial information.
An online account is very secure, so there’s no issue with personal information getting exposed to hackers. Just make sure that the website bar shows the closed padlock to ensure your safety.
Link a Debit Card to Your Account
Once you’ve created an account, it’s important to choose your payment method. This is what you use to buy Dogecoin or other cryptocurrencies. Today, we’re focusing on debit card purchases, so you should select the “Debit Card” option from the list.
This action often prompts a pop-up or form to appear, allowing you to enter the card information, such as expiration date, card number, and CVV data. Generally, the debit card you use must have the account holder’s name on it to prevent identity theft.
If you are allowed to use someone else’s card, such as a spouse, consider getting a card in your name first. That way, there are no issues later.
When the debit card is accepted, the crypto exchange takes out funds when you purchase Dogecoin.
Get a Digital Wallet
It’s often better to remove the Dogecoin from the crypto exchange to be more secure and reduce the risk of theft. Therefore, you should set up a digital wallet account before you purchase it.
A cold wallet is hardware that lets you store cryptocurrency offline, and hot wallets (web-based versions) allow you store crypto in the cloud.
You should research your options and choose one that meets your needs. Don’t forget to read reviews from other users to ensure that it’s secure, safe, and easy to use.
Once you’ve set up your digital wallet, you can purchase Dogecoin with a debit card. Decide how much you want, enter that amount, and add it to your new wallet!
Conclusion
It’s often hard to figure out how you can buy Dogecoin with a debit card, especially if you’re a beginner. Hopefully, this guide helps you so that you’re successful with your first DOGE token purchase!
There are plenty of exchange platforms that accept a debit card for Dogecoin, but it takes time to find the best one. Overall, eToro and Coinbase are the top choices that you can use!
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.
