How to Buy Dogecoin on eToro In 2024: An Ultimate Guide

This blog demonstrates how to buy Dogecoin on eToro,  a user-centric crypto exchange with new features. 

Dogecoin is the oldest and OG meme coin of all time. It is widely considered as the top meme coin as an investment. With its strong community and cult fanbase, Doge is at the 9th position in terms of market cap, data from CoinMarketCap shows. In representations of the marketplace, it’s miles ahead of the top cryptocurrencies like Polkadot, Uniswap, and others.

If you’re curious about shopping for Dogecoin then eToro is a trusted and consumer-centric platform that allows users to buy, sell, or trade DOGE and other cryptocurrencies. In this blog, you will learn about the procedure to buy dogecoin on eToro

Steps How to Buy Dogecoin on eToro

Learn how to buy Dogecoin on eToro by following  these simple steps:

Step 1 Initiating an eToro Account

To begin buying dogecoin, step one is to create an account on eToro. Simply look for eToro on your selected search engine, open their site, and fill in the required info. As it is mandatory, the platform will ask for a duplicate of your ID to verify your identity.

Step 2 Step 2 Verification of User Identity

After opening the account and completing the registration process, it is time to verify identity. The verification will be of your personal information, user trading experience, and financial status. This process is essential as eToro has to accomplish the regulatory requirements. Without this process, you can’t buy Dogecoin on eToro and cannot access all the advantages of the platform.

The eToro platform takes care of users’ privacy and security of its funds and investments. This routine step within the crypto globe strives to deter fraudulent activities. Additionally, users have the option to execute additional security protocols such as two-factor authentication (2FA), delivering an extra protection for their accounts. This feature can be activated within the “Settings” area, allowing for a more secure purchase of Dogecoin.

Step 3- Deposit Funds to your eToro Account

Once you create your eToro account and complete verification, it’s time to deposit the money. The platform allows diverse payment techniques including bank transfers, PayPal, debit cards, and credit cards. Select your chosen payment method and adhere to the furnished deposit money into your account. Remember to fulfill eToro’s precise minimal deposit standards.

Navigate to the “Deposit Funds” region on the dashboard, pick a fee choice that aligns with your options, and proceed as directed. Once you’ve decided how to make the payment, enter the required information and confirm the amount you want to deposit.

Step 4- Locating Dogecoin On eToro

With funds ready, locate Dogecoin on eToro. Utilize the search function, type in “Dogecoin,” and you’ll be presented with its trading pair and prevailing market rate.  eToro offers a variety of cryptocurrencies, so use the search bar to search other cryptocurrencies also.

Step 5- Executing Your Order

Having selected Dogecoin’s trading pair, proceed to place your order. eToro’s order options include market and limit orders. Market orders execute at current rates, while limit orders target a set price. Align your order with your investment strategy.

Step 6-Investment Oversight

 Post-order, it’s vital to oversee your Dogecoin stake on eToro. Given the volatility of crypto markets, maintaining alongside of trends is key. eToro’s suite of tools aids in monitoring your stake. Implement stop-loss orders to restrain losses and take-profit orders to lock in returns. Diversifying your crypto holdings can also mitigate risk.

Conclusion

The eToro platform is user-centric and easy to navigate any cryptocurrency and it is loaded with a lot of functional interactive dashboards, watchlists, portfolios, market trends, and others. Users can customize their dashboards as per their needs and preferences. 

Buying DOGE on eToro is an easy procedure that implicates a few key steps: account setup and verification, followed by funding your account. Once you’ve chosen a payment method and provided the necessary information, you’re all set to acquire Dogecoin on the eToro platform. 

FAQs

Will Dogecoin Smash $1 Mark?

Currently, Dogecoin’s value stands at $0.1836, as registered in March 2024. For Dogecoin to escalate, a significant increase in demand coupled with a decrease in supply would be necessary. However, such a big milestone doesn’t seem coming shortly.

Is Dogecoin is Good Investment in 2024? 

Doge, known as the OG meme coin, got a spike during the 2021 crypto market bang, making wealth for many investors with significant returns. Despite this, reflecting such a performance in 2021 seems improbable. The investment potential of Dogecoin in the current market scenario of March 2024 remains a question mark.

How to buy Dogecoin on eToro?

To attain Dogecoin through eToro, you can pursue these simplified steps: Begin by registering with eToro or another trusted crypto exchange. Complete the needed KYC processes to certify your identity. Add money to your eToro account utilizing the payment option that serves you best. Locate Dogecoin on eToro, decide on the investment amount, and finalize your purchase.