Wondering how to buy Dogecoin on eToro? If so, you’re on the right page. Here we provide a quick and easy guide on how to buy DOGE on eToro. But before we go any further, let’s take a look at the eToro platform.
What is eToro?
Founded in 2007, eToro is a social trading and multi-asset brokerage platform based in Israel. Expanding its business to various parts of the world, including the UK, Australia, and the US, eToro allows users to invest in a variety of financial products, including stocks, cryptocurrencies, ETFs, and commodities. Known for its user-friendly interface and social trading features, eToro allows users to follow and copy the trades of successful investors.
The platform’s focus on cryptocurrency trading has made it an ideal choice for those looking to trade a variety of cryptocurrencies. You can buy Dogecoin on eToro and other cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. eToro supports users on their investment journey by providing educational resources through the eToro Academy.
Now let’s take a look at how to buy Dogecoin on eToro and some things to consider while trading on the eToro platform.
How to Buy Dogecoin on eToro: 5 Easy Steps
With Elon Musk’s playful endorsement as the ‘DOGE father’, Dogecoin quickly transformed from a light-hearted internet meme to a prominent player in the cryptocurrency world. With an impressive market capitalization exceeding $11 billion and widespread popularity, this vibrant cryptocurrency has captivated investors around the world. If you are one of those attractive investors who want to buy Dogecoin on eToro, then this step-by-step guide is for you.
This comprehensive guide will take you through a simple and exciting journey to buying Dogecoin on eToro, a popular social trading and multi-asset brokerage platform. Get ready for an exciting cryptocurrency adventure full of potential rewards as we explore the world of Dogecoin together!
Step 1: Create an eToro account
To buy Dogecoin on eToro, visit the eToro website and select the “Sign Up” option. Enter your email and select a username and password for your trading account. Next, on the next page, you will be asked to enter your name, phone number, zip code, and birthday as requested by eToro. Prompts guide you through the quick and hassle-free profile creation process.
Step 2: Verify your account
To meet Know Your Customer (KYC) requirements, eToro requires identity verification. To do this, upload a photo of your driver’s license or passport to the platform. Also, upload proof of residency, such as a recent utility bill or bank statement, to verify your address. After submission, the eToro team will process your document immediately.
Step 3: Fund your account
To start your journey of buying Dogecoin on eToro, you will need to deposit at least $10 into your eToro account. The platform offers several convenient funding options, including credit cards, debit cards, PayPal, Neteller, and bank transfers. Choose the method that suits you best and get ready to dive into the world of Dogecoin!
Step 4: Find Dogecoin (Doge) in your eToro dashboard
Once you’ve set up and funded your account, it’s time to find and buy Dogecoin on eToro. Go to the search bar at the top center of the screen and type “dogecoin” or simply “DOGE”. Once you find it, click the “Trade” button to begin your exciting cryptocurrency adventure.
Step 5: Buy Doge
Now, the moment you’ve been waiting for has arrived! Just enter your desired amount of Dogecoin you want to buy and eToro will instantly display that amount in dollars. You also have the flexibility to set stop loss or take profit prices according to your preference. Now click on the “Open Transaction” button to confirm and complete your purchase.
Things to Consider While Buying Dogecoin on eToro
Now that you are a proud Dogecoin holder, consider these additional aspects of your cryptocurrency journey:
Save Dogecoin: When you purchase Dogecoin on eToro, it will be stored in your digital wallet. You can conveniently transfer Dogecoin to an external wallet or create an eToro digital wallet. Transferring Dogecoin is simple and requires just a few simple steps on the platform.
Liquidation of assets: If you choose to sell your Dogecoin, eToro offers a simple process. To sell Dogecoin, open a new order form and click the “Sell” button. Enter the amount of Dogecoin you want to sell and then click “Open Transaction” to complete the transaction.
eToro Safe: eToro takes steps to protect your funds, but remember that cryptocurrencies are highly volatile assets. The cash in your account is deposited into an FDIC insured savings account, but your cryptocurrency holdings are not guaranteed. Exercise caution, know potential risks, and make wise investment decisions.
last words
congratulation! You have successfully navigated the thrilling journey of ‘How to Buy Dogecoin on eToro’. Once born out of humor, these meme coins are now an interesting investment opportunity. As you embark on this exciting journey, always do thorough research and avoid investing more than you can afford to lose. So, seize the moment and let the fun begin as you explore the world of Dogecoin at eToro! Happy trading!