How to Buy Dogecoin with a Credit Card – Beginner’s Guide

Dogecoin got off to a slow start as a meme coin, then saw a huge price rise from pennies to nearly a dollar ($0.74) to its all-time high, reaching mainstream adoption in 2021.

Despite sideways trading this year, the potential for another bull run is still high. If you are considering buying Dogecoin with a credit card to catch its next bull market, this guide is for you.

How to Buy Dogecoin With a Credit Card – Quick Steps

Dogecoin is one of over 60 cryptocurrencies currently listed on eToro in 2022. Here are four quick steps to buy Dogecoin with a credit card on the exchange:

Step 1: Open an account with eToro

Visit the eToro website and click “Register” to register. As a new user, you will be asked to create a username and password. Facebook or Google account linking is also supported.

Step 2: Verify account

You will be redirected to your dashboard after registration. Click “Verify Account” and upload proof of identity to continue. A passport, driver’s license and bank statement are some of the documents accepted for verification.

Step 3: Deposit

After account verification, you can now make a deposit to fund your account. Click on “Deposit funds”. Select “Debit/Credit Card” as the payment method and enter your credit card information.

Step 4: Buy DOGE

Now that your account is funded, you can buy Dogecoin on eToro. Type DOGE in the search bar, click on it and select “Trade”, and enter the order amount on the next screen before selecting “Open Trade”.

Where to buy Dogecoin with credit card

Where to buy Dogecoin with credit card? Several major crypto exchanges offer credit card payments as a deposit option. Below is a list of the best crypto sites that we recommend:

eToro

Many retail investors are interested in buying Dogecoin, but not all crypto platforms have DOGE listed and are not accessible to beginners. The FCA-regulated eToro.com platform is user-friendly and supports the widest range of deposit methods, including Paypal and credit cards.

Go for a trusted trading platform if you plan to buy crypto with a credit card. eToro was one of the first exchanges to standardize digital asset investing, offering Bitcoin in 2013. It played a significant role in removing cryptocurrency from underground internet trading and making it an investment choice superstar he is today.

Newbie crypto traders find eToro very easy to navigate. Its cryptocurrency section is in a separate category from other assets, namely stocks, indices, ETFs and commodities also offered on exchanges. If Dogecoin appeals to you among the approximately 60 supported cryptocurrencies, just click on DOGE, and it will display all the information you need to decide whether to buy or sell.

The “Feed” section of your dashboard features a social media-like interface to see the latest community discussions about DOGE. This is one of eToro’s strengths – its social trading features are especially useful for traders who are still finding their footing in the cryptoverse. Investors can also access real-time candlestick charts and Fundamental Analysis (FA) information from Dogecoin.

For traders who want to buy Dogecoin by credit card very easily, eToro is for you. It has a clear fee mechanism, with only 1% trading fee for each trade. It may also charge a small amount when investors use card payment for the first time, depending on the country.

Buy Dogecoin with credit card on eToro.

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Crypto.com

Another site that lets you buy Dogecoin instantly with a credit card is Crypto.com. The platform has a reputable record in terms of security and service. As of this writing, it is among the few major exchanges with no security breaches or hacks on record.

It supports various payment options, including bank transfers, debit/credit card payments, and online transfers. Investors also have a wide range of choices, with over 250 cryptocurrencies available for trading.

Another thing on the rise is Crypto.com’s high-interest offer to stake its native coin, CRO. Traders can earn up to 14.5% APY just by storing their digital assets on the platform (up to 5% per year on Dogecoin). This is beneficial for long-term investors who plan to derive passive income from their crypto portfolio.

Buy DOGE by credit card at Crypto.com.

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Binance

Binance started offering card payment options in 2019. This means you can buy Dogecoin with a credit card using this exchange at any time. Binance operates 24 hours a day, with its customer service line available 24/7 to assist you with a dispute over a credit card transfer.

Its low fee mechanism attracts traders to trading on Binance. It has trading fees capped at 0.1% for makers and takers, or 0.075% if you use Binance Coin (BNB) to pay fees, keeping some of that token in your wallet when day trading .

The most vital point of the platform is its geographical availability. It serves over 140 countries worldwide and 43 US states under Binance.us. It supports 20 fiat currencies, including GBP, EUR, and USD. Dogecoin trading can be done against USDT (Tether).

Binance’s interface caters to all types of traders with different trading styles. Both beginners and advanced investors can trade over 500 coins on the platform and switch between two different trading modes, namely Classic and Advanced.

Buy DOGE by credit card on Binance.

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Why buy Dogecoin with a credit card?

There are many reasons why you should buy Dogecoin with a credit card. It’s fast, secure and convenient.

Instant transfers

Buying crypto using a credit card is one of the fastest and easiest ways to close a sale. When using credit card payment, the average transfer time for most exchanges is five minutes or less.

On eToro, money is received within three minutes of initiating a transfer. This is different from a domestic bank transfer which could take longer.

Availablity

Many cryptocurrency exchanges increasingly support credit cards as a payment option. Many merchants still prefer the easy method of linking their credit card instead of signing up with a third-party payment app.

How to buy Dogecoin with a credit card on eToro – Tutorial

eToro is one of the best sites to buy crypto if you are planning on doing so. Note that the platform accepts Mastercard, Visa and Maestro. Below is a detailed guide on how to buy Dogecoin with a credit card:

Step 1: Account opening with eToro

Visit the eToro website and click “Register” to begin your registration process. Enter a username and password and accept the terms and conditions to complete registration.

Step 2: Verify account

In your dashboard, click on “Verify account”. Upload proof of identity, such as a passport, driver’s license, and bank statement, to verify your account.

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Step 3: Deposit

eToro will notify you once your account has been verified. At this point, you can now start depositing using a credit card to fund your account. Click on “Deposit Funds” in the lower left corner of your dashboard and select “Debit/Credit Card” as the payment method.

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You will be asked to put in some of your credit card information. This includes the cardholder’s name, card number, expiration date, and the three-digit CVV code found on the back of your card. Note that the deposits will be credited to your account a few minutes after the start of the transaction.

Step 4: Buy DOGE

You can now start buying Dogecoin by typing “DOGE” or “Dogecoin” in the search bar. Next, click on the coin, enter the amount you want to trade as USD, then click “Open Trade” or “Set Order” to complete the order. You have now made your first purchase of Dogecoin on eToro.

Buy Dogecoin with credit card on eToro.

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Warning:

The above content is not editorial, and BCCL hereby disclaims all warranties, express or implied, with respect thereto, and does not necessarily warrant, guarantee or endorse any content.

Disclaimer: Content Produced by CryptoPR

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