How and Where to Buy Dogecoin (DOGE) in the UK? – Beginner’s Guide

It was first created in 2013 as a “meme” cryptocurrency. However, in 2021, meme coin gained new life as a tipping mechanism. Dogecoin’s resurgence was made possible by Elon Musk, Mark Cuban, and Snoop Dogg.

One of the most highly traded cryptocurrencies, its market capitalization in May 2021 was US$78 billion. However, at the time of composing (late December 2021), the figure had decreased to US$23 billion. However, it continues to be a good buy, so enjoy our review about where to buy Dogecoin (DOGE) UK.

How to Buy Dogecoin UK – List

1. eToro – Best Platform To Buy Dogecoin UK
2. Coinbase – Great Crypto Exchange To Buy Dogecoin UK
3. Kraken – Excellent Platform To Buy Dogecoin UK
4. OKX– Top Platform For Buying and Selling Altcoins UK
5. Crypto.com – Top Crypto Exchange to Invest in Dogecoin UK
6. Alvexo – Best Platform To Buy Dogecoin For All Traders In The UK
7. Margex – Best Exchange For Beginners To Buy With Educational Material
8. Huobi – Excellent Trading Platform to Buy Dogecoin in the UK
9. Binance – Top-Rated Dogecoin Trading Platform UK
10. Coinjar – Best Doge Exchange UK for Long-Term Investors
11. CoinCorner – A Good Choice Where To Buy Dogecoin UK

How to Buy Dogecoin UK – Step by Step Guide 2023

1. eToro – Best Platform To Buy Dogecoin UK

eToro emerged as the clear winner from our review of 50+ crypto day trading platforms for 2021. Most importantly, the site is highly regulated. Additionally, eToro is registered with and authorized by FINRA and the FCA, ASIC, and CySEC.

As a result, EToro is a safe and secure trading platform for traders in the United States and throughout the world. On eToro, you can buy and sell 18 popular cryptocurrencies, including Bitcoin, EOS, BCH, Ethereum, Uniswap, Ripple, Cardano, Binance Coin, and buy Dogecoin UK is also possible. In addition, depending on your location, you may also be able to trade derivatives related to cryptos.

In addition to the yen, euro, and pound, the US dollar and British pound are also included in this category. Additionally, you can trade BTC/XRP and ETH/BTC in addition to crypto-to-crypto trades. Customers of eToro can trade these crypto CFD derivatives – except if they are from the United States, the United Kingdom, or Hong Kong. Nevertheless, eToro is a 100% commission-free cryptocurrency trading site. Therefore, there is no fee for entering and exiting the market as often as you like.

It is free to register and pay in USD. If you choose eToro, you will be charged a small currency conversion fee of just 0.5 percent. Also included in eToro’s user interface are passive investment tools, making it one of the most effective crypto day trading platforms available. Portfolios of Cryptocurrencies include a diversified basket of digital currencies based on different weightings. The eToro portfolio management service eliminates the need for you to rebalance your portfolio on your own.

Copy Trading can also be used to buy and sell cryptocurrencies. Crypto traders at eToro have proven track records as investors. You will copy their trades. $500 is the minimum investment. Making a crypto trade requires only $25 if you do it yourself. The process of opening an eToro account takes minutes. You can deposit with a debit card, bank transfer, or an e-wallet such as Paypal.

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Coinbase – Great Crypto Exchange To Buy Dogecoin UK

Cryptocurrency exchange Coinbase is currently the largest in the world. The exchange will have a clear interface and a wide range of trading pairs available to customers.

Located in Wilmington, Delaware, Coinbase is the largest exchange for digital currencies in the United States. Coinbase’s user interface is so easy to use that even beginners can use it. However, Coinbase Pro is also available to experienced traders.

Cryptocurrency company Coinbase is another popular company. They also offer trading and exchange services. In addition, the platform also offers users a business payment platform, custody services, and cryptocurrency COIN. Coinbase Pro also allows traders to buy Dogecoin UK.

Your Money Is At Risk.

3. Kraken – Excellent Platform To Buy Dogecoin UK

In 2011, one of the first cryptocurrency exchanges was established in Kraken in San Francisco. Within a decade of its launch, it had more than 4 million users in many countries around the globe.

Platforms offered by other trading platforms do not offer the ability to trade cryptocurrencies in the future, as this platform does. Thus, Kraken is a very popular choice among traders since you can get a high margin depending on your currency, and it is very user-friendly.

Security and safety are of the highest standard at the company. Also, it provides users with the ability to trade currencies on high margins, regardless of what kinds of currencies they wish to trade. There are many different levels of leverage available.

Depending on your needs, the Kraken and Kraken Pro exchanges offer the ability to buy cryptos, and you have the option of either an advanced or basic user interface. Furthermore, all versions are mobile-friendly for Android or iOS devices. Finally, along with Kraken’s no-minimum deposit policy, its 24/7 customer support team will be ready to assist you if you encounter difficulties using the platform as soon as you log on.

Your money is at risk.

4. OKX- Top Crypto Exchange For Buying and Selling Altcoins

OXK is a Seychelles-based exchange. Considering that this platform has cheap exchange fees, it might be the best option.

More than 250 cryptocurrencies, including Dogecoin, are available at OKX, and new cryptocurrencies are being added regularly to the platform.

You should be aware that there are two ways to trade cryptocurrencies on OKX: the standard method and the leveraged method. You will have access to resources, chart analysis, and living order access with one of these choices. Leverage allows for increases of up to 125X. Therefore, if you are someone with market experience, this platform may be excellent for you.

As well as trading Dogecoin, OKX also offers users the opportunity to stake their holdings to earn interest. It is also possible to join a crypto mining pool and also to lend your crypto to provide liquidity.

Dogecoin can be bought from OKX with a trading fee of just 0.010%- small compared to many other exchanges. Furthermore, the platform is decentralized which means that transactions are fast and no third parties are involved.

Your Money Is At Risk.

5. Crypto.com – Top Crypto Exchange to Invest in Dogecoin UK

The cryptocurrency exchange Crypto.com is one of the fastest-growing in the world today. Due to the hard work of a large team of developers and a strong marketing team, this site is one of the fastest and one of the most secure. Their stablecoin staking program boasts a return of 14% a year on a portfolio of over 40 cryptocurrencies and stablecoins.

The Crypto.com platform is one of the most ambitious platforms of our time, securing 12th place in the list of digital coins with the CRO coin, which has a market cap of $16.6 billion. In addition, the company offers margin trading, derivatives trading and is starting to move into the NFT market. Transactions at Crypto.com require a minimum investment of $1.

Your Money Is At Risk.

6. Alvexo – Best Platform To Buy Dogecoin For All Traders In The UK

The main goal of this broker is to provide its traders with a convenient and friendly trading environment. Additionally, they can acquire new skills and learn valuable things through such an endeavor. A subsidiary of Alvexo, which is headquartered in Paris, the company also has offices in Cyprus. Traders at Alvexo have access to a platform that allows them to execute trading orders quickly and efficiently.

Trading CFDs online with Alvexo is possible for foreign exchange traders. Mobile applications and web-based platforms are among the platform’s features that are similar to those of a stockbroker. Alvexo is a CFD platform, so the spread is deducted from the commission for each asset since it’s a CFD platform. Classic Accounts have a wide range of spreads. However, Classic Accounts can offer even lower spreads, as low as 2.9 pips. All other charges are included in the spread fee.

It is easy to learn and trade with Alvexo. There is a wide range of educational features and trading signals available on the platform and news, webinars, eBooks, economic calendars, and a financial web TV channel. Additionally, since CySEC is known for its reputation for security, traders can benefit from the fact that the platform is licensed and regulated in the EU.

76.22% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

7. Margex – Best Exchange For Beginners To Buy With Educational Material

Margex has been providing cryptocurrency brokerage and trading services worldwide since it was founded in 2020. Due to these factors, the market conditions for launching this platform in Seychelles are particularly favorable. Therefore, the information needed for KYC is not required for the operation of the exchange, but there is another important factor to take into account.

Due to its availability from any location, it’s more convenient, and the privacy of your financial information is assured. Margex’s security program offers users the ability to protect themselves from financial risks by creating their own MP Shield (Listener Protection Shield) with data encryption. Moreover, the platform does not maintain a record of cryptocurrency assets that have been subjected to price manipulation in terms of liquidity trading pairs. There are several security options available for withdrawals and deposits to ensure your account’s safety.

Furthermore, some platforms also provide certification for the second step. The disadvantage of not doing this is that you will be unable to use some of the service’s features.

Beginner cryptocurrency traders can learn about Margex’s trading platform using its intuitive interface. Then they can get started right away. Additionally, beginners can benefit from reading material, such as articles and videos to make money from crypto trading. Margex’s trading website is easy to use as a beginner cryptocurrency trader because it offers easy-to-use features before you begin to trade right away. Likewise, beginners who wish to gain profits in crypto trading can find articles, video guides, and useful reading material.

Your Money Is At Risk.

8. Huobi – Excellent Trading Platform to Buy Dogecoin in the UK

Singapore-based Huobi is an exchange and online financial services company focused on cryptocurrencies. Huobi, the popular exchange for crypto-assets, offers users a wide range of resources, including Bitcoin, Ethereum, and XRP, as well as the opportunity to participate in initial coin offerings (ICOs) ahead of their mainstream rollout. Huobi was founded in Beijing, China. After the Chinese government expelled cryptocurrency exchanges in 2017, its presence in the market grew rapidly.

A favorable crypto law regime led the company to move to Singapore. With over 355 types of cryptocurrency available on Huobi, it’s the largest crypto exchange globally. There are 130 countries represented on the platform, with over 5 million active users in total. Based on the daily trading volume derived from Coinmarketcap, Huobi is ranked third among the leading cryptocurrency exchanges.

It is because of this accessibility that Huobi has become so popular. That is one of the most convenient ways to trade both for new and experienced traders at the same time.

After you have completed the account setup process, you will only have to wait about two minutes for it to be complete. If you also have no problems with it, you are more than welcome to do it.

Huobi did not experience any security breaches since launching its company wallets. They have achieved this enviable record through several security protocols. The crypto funds for Huobi are also secured by a cold storage facility located off-chain, so bad actors cannot access them.

Your Money Is At Risk.

9. Binance – Top-Rated Dogecoin Trading Platform UK

There is a possibility that you will find the cryptocurrency you are looking for on Binance. The reason is that this cryptocurrency exchange conducts billions of dollars worth of transactions every day.

The list includes several small-cap coins as well as hundreds of pairs. ERC-20 tokens are also represented in large numbers. You might be able to use your debit card where you live.

The fees range from 3 to 4%, however. Nevertheless, Binance’s fees are extremely low. For example, you’ll pay just 0.1% if you own Binance Coins (BNB) on the platform. In addition, Binance will be a great option if you enjoy performing technical analysis since it offers different charting options and order types. Buy dogecoin UK is also available.

Your Money Is At Risk.

10. Coinjar – Best Doge Exchange UK for Long-Term Investors

As a global cryptocurrency platform, Coinjar has won several awards over the years for its development. It is still the biggest digital currency broker globally despite its entry into the Australian market. A user of Coinjar can easily purchase and sell Bitcoin and other cryptocurrencies simultaneously.

This site records the cryptocurrency exchanges throughout the day and provides 24-hour access to that service. Aside from that, Coinjar also provides Bitcoin wallets in the United Kingdom and the ability to purchase cryptocurrencies from its platform. Currently, Android, as well as iOS platforms, are supported, making it convenient for users.

You can find all the features laid out and optimized to fit your specific operating system, making this a very easy application. When you have installed the application, you will receive your cryptos at your unique wallet address as soon as it has been installed.

Your money is at risk.

11. CoinCorner – A Good Choice Where To Buy Dogecoin UK

For beginners looking for a bitcoin wallet without a lot of technical knowledge, CoinCorner might be your best option. CoinCorner is also a trading platform so that you can buy and sell Bitcoins through the wallet. In contrast to the other platforms on this list, CoinCorner’s wallet cannot be downloaded separately; it can only be accessed through the CoinCorner platform.

Additionally, CoinCorner’s bitcoin wallet lacks the safety features that the other options on this list do. So, even though it has been designed for beginners, the platform’s security can be questioned for some time. Nevertheless, beginners usually start with CoinCorner because it is one of the most secure and advanced Bitcoin wallets before moving to other, more advanced platforms.

Your Money Is At Risk.

What is Dogecoin?

Dogecoin was introduced in December 2013 as an open-source, peer-to-peer cryptocurrency that encourages social interaction. As one of the early crypto-era’s leading players, Dogecoin was launched shortly after Bitcoin and Litecoin. By creating a more memorable cryptocurrency project, the original goal of Dogecoin was to help the general public better understand the technology behind blockchains. Dogecoin has, however, become a symbol of the internet-driven era of retail investors. In 2021, it was impossible to avoid the Shiba Inu, the logo of the meme coin.

Like other cryptocurrencies, Dogecoin employs similar technology. Furthermore, DOGE makes Bitcoin’s technology faster and more affordable by introducing several improvements. Moreover, other cryptocurrencies offer better, more innovative solutions that lower transaction costs. Although Dogecoin trading isn’t revolutionary, its investors don’t rely on the blockchain. Instead, the DOGE Army relies on the strong community surrounding the coin.

Why Buy Dogecoin UK?

Dogecoin was created to be a joke, but it quickly became a hit. Thousands of users worldwide use it on Reddit, a popular social media platform. In addition, people began investing in Dogecoin instead of just using it as a toy for fun very quickly.

Nevertheless, with over 100 billion Dogecoins in circulation, a single coin was never valuable. Dogecoins were priced around $0.0025 most of last year. Although the joke never really died, it had waned.

Tesla and SpaceX founder Elon Musk tweeted about Dogecoin at the end of 2020. As a result, the altcoin saw renewed interest, and a buying spree began. In addition, some celebrities, including Snoop Dog, backed Dogecoin during the first two months of 2021, including Musk.

Dogecoin has reached a recent high of $0.087 thanks to celebrity attention and the attention of Reddit traders. Over a few months, that translates into a gain of over 3,000%. Since then, the price of Dogecoin has fallen to $0.051.

It is probably not a smart decision if you are looking for a long-term investment. Dogecoin is not fundamentally valuable. Bitcoin, on the other hand, at the very least has a limited supply and has gained traction in traditional financial circles. It’s hard to see how Dogecoin could ever catch up with Bitcoin in user adoption, as it has a massive supply and no cap.

However, if you’re interested in making a short-term investment, Dogecoin is more promising. In this case, a tweet alone can cause the coin’s value to spike. Although the joke has faded slightly, the forces that pushed Dogecoin to new all-time highs remain strong.

A tweet or a renewed social media push could be enough to make Dogecoin soar again. However, investing in Dogecoin is highly speculative because no guarantee will happen.

To learn more about the potential price of DOGE, read our in-depth Dogecoin price prediction article.

How Much Does It Cost to Buy Dogecoin UK?

Price history to date:

• It was launched in December 2013 at a low price to make it more accessible to the general public. The price was as follows:
• Twenty-four hours after its launch on December 6th, 2013, DOGE rose 300% from $0.00026 to $0.00095.
• Trading volumes for DOGE were higher than for any other cryptocurrency during January 2014.
• During the crypto bubble, a record-breaking $0.017 was reached for DOGE on January 7th, 2018.
• Eventually, Elon Musk tweeted ‘One word: Doge’ on December 20th, 2020, and Doge became a huge success. It instantly rose 20%.

DOGE’s price jumped 800% in one 24-hour period in January 2021, reaching $0.07 per unit. As the Coinbase listing was confirmed in April 2021, the price of Dogecoin surged along with the whole crypto sector. During April-May 2021, Dogecoin was at its peak. However, some commentators were not impressed. The latest increase in the price of Dogecoin is not indicative of the cryptocurrency’s value; it’s just a surge in interest from people looking to get rich fast. Fun bets can be made, but they’re not good investments.

Due to this tweet, DOGE’s price soared from $0.35 to $0.45. The Robin Hood trading platform was down due to overflowing Dogecoin trades. In 24 hours, DOGE trades exceeded $70 billion. A 7000% rise in value year-to-date propelled DOGE to the 5th-biggest crypto briefly.

DOGE continued to rise during May 2021. During Elon Musk’s appearance on Saturday Night Live, the price hit an all-time high of $0.73 but dropped by over 30% the following day. The price of DOGE jumped 11% on another of Elon Musk’s memes on May 20th, following SpaceX’s announcement to send DOGE cryptocurrency to the moon.

DOGE’s price had halved within a few weeks of the early-summer excitement. Then, as crypto prices fell at the end of November and early December, they fell further in a range roughly between $0.20 and $0.30.

Current price

The current price of Dogecoin (January 4th, 2022) is $0.16. On May 8th, 2021, the price was $0.74. That represents a 75.84% drop in price since then.

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How to Buy Dogecoin with PayPal

Some cryptocurrencies, such as Bitcoin and Ethereum, can be purchased through PayPal. However, Dogecoin cannot be purchased via PayPal at the moment.

PayPal can buy Dogecoin by first buying Bitcoin with your PayPal funds and then converting that Bitcoin to Dogecoin through a cryptocurrency exchange.

PayPal can also be used to fund your cryptocurrency exchange account. Then you’d be able to purchase Dogecoin instantly by paying with GBP via PayPal.

How to Buy Dogecoin with Bitcoin

Bitcoin can be used to purchase Dogecoin if you already own it. In addition, Bitcoin can be deposited on cryptocurrency exchanges without establishing an identity.

Buying Dogecoin Safely

Technically, Dogecoin trading is not a scam. That is just another cryptocurrency that is gaining traction. Nevertheless, Dogecoin trading is a poor investment in terms of the fundamentals of investing – other cryptocurrencies are better.

The Robinhood platform makes Dogecoin easily accessible to retail investors. As with Gamestop, its value depends on speculation, but it is not a scam.

Due to Dogecoin’s steep price increase since 2018, it is a very risky investment. Furthermore, after considering the cryptocurrency’s lack of value, the cryptocurrency does not possess any utility.

Risks of Buying Dogecoin

Because of its popularity, Dogecoin also has an unpredictable future. In general, the higher a coin’s value, the greater the chance that its value may suddenly increase or decrease.

Dogecoin trading is very popular, and therefore there is the possibility of a third party accidentally raising or lowering the price. In addition, Dogecoin’s price can drastically change just by Elon Musk’s presence on Twitter since people will buy it or sell it depending on his tweets.

Dogecoin buyers are also encouraged to keep up with what is said. As an example, celebrities play a part in influencing the feelings of their fans about currency, in addition to the usual differences in value.

The use of the same consensus model as Bitcoin is a key characteristic of Dogecoin trading, making it relatively secure. However, the cryptocurrency has been unceremoniously hacked. It took hackers only a few weeks after the launch to seize 21 million Dogecoins, worth $12,000 at the time.

Dogecoin’s blockchain wasn’t compromised; hackers only compromised Dogecoin’s website so that payments were directed to their wallets. That, therefore, makes Dogecoin’s trading platforms very secure.

Selling Dogecoin

The DOGE cryptocurrency can be sold whenever desired, regardless of how it was acquired, and it can be done on any crypto exchange that supports Dogecoin. Setting up a sell order is easy for users who have not moved their Dogecoin from the exchange wallet.

Dogecoin Price Prediction

Does Dogecoin have a chance of reaching $1? That’s what the Dogecoin community hopes for.

Dogecoin’s price could reach $1 if Elon Musk continues to support it. Musk, the self-styled “Dogefather,” has consistently boosted the value of Dogecoin through his tweets to his 53m followers on Twitter.

According to experts, if Dogecoin dips below its support level of $0.158 in 2021, it will likely continue to fall to $0.10. However, it is also possible to surpass the magical $1 mark by the end of the year.

Dogecoin Price Prediction for 2025

Recent predictions were made by a panel of 42 experts convened by the price comparison website Finder. By 2025, they predicted DOGE’s price would reach $1.21 on average.

Dogecoin Price Prediction 2030

In 2030, the same panel predicted an average price of $3.60. However, the median figure was much lower because many panelists lacked confidence that Dogecoin would last.

Dogecoin was considered to be a bubble by 80% of Finder’s panel, but it should be noted that nobody predicted the recent crypto crash on December 4th, 2021, which wiped out $500bn from the crypto market. In other words, assessing future Dogecoin value should not be taken as gospel.

Where to Buy Dogecoin

Where can you buy Dogecoin in the UK? First, this meme altcoin will need to be traded on a cryptocurrency exchange.

When choosing a cryptocurrency exchange, there are many things to consider, including the currencies you will be able to trade, the cost of trading, and the trading tools available to you. The following reviews are of two of the best UK crypto brokers you can use to buy Dogecoins instantly.

How to Buy Dogecoin UK – eToro Tutorial

Are you interested in buying Dogecoin? eToro is a popular cryptocurrency platform that offers zero trading commissions, a wide range of cryptocurrencies, and advanced technical analysis tools.

Step 1: Open an Account

You can open an account on eToro by visiting their website and clicking the ‘Join Now’ link.

74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Please enter your email address and password, and click the link in the email sent to you to verify your email address.

Step 2: Upload ID

Due to UK regulations, eToro requests that you verify your identity. Your driver’s license or passport photo should be uploaded to your account. As well as a bank statement, a utility bill must be uploaded to verify your address.

Step 3: Deposit Funds

You can now add funds to your account via cryptocurrencies, bank transfers, debit cards, or e-wallets like PayPal and Skrill. For example, the minimum deposit with eToro is 140 GBP.

Step 4: Buy Dogecoin UK

Search for Dogecoin in eToro’s dashboard to buy it. To open an order form, click ‘Trade’ when it appears. Then, click ‘Open Trade’ to complete your trade after entering the amount of Dogecoin you wish to buy.

Conclusion

Despite its creation as a joke, the Dogecoin cryptocurrency has now survived for more than eight years. Elon Musk recently gave Dogecoin a boost – and although the excitement has died down, it may only be a matter of time before social media spotlights come back once more for the meme coin.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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