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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 UK.

Where to Buy Dogecoin UK – Step by Step Guide 2022

1. eToro – Best Platform To Buy Dogecoin UK

buy dogecoin 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.

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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/credit card, bank transfer, or an e-wallet such as Paypal.

eToro fees

Fee Amount
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5

Pros:

  • An extremely user-friendly trading platform and online broker
  • Thousands of assets have tight spreads
  • No commissions at all
  • Your trading options include stocks, indexes, ETFs, and cryptocurrencies
  • You can make deposits using debit/credit cards, e-wallets, and bank accounts
  • Copy-trading and social trading
  • PayPal is accepted
  • Regulated by the FCA, ASIC, and CySEC in the US and by the FINRA in the US.

Cons:

  • The product may not be of interest to traders who perform technical analysis

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.

2. Binance - Top-Rated Platform

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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/credit card where you live.

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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.

Binance fees

Fee Amount
Crypto trading fee Commission, starting from 0.1%
Inactivity fee Free
Withdrawal fee 0.80 EUR (SEPA bank transfer)

Pros:

  • An advanced charting platform with customizable indicators
  • Hundreds of pairs of devices are supported
  • Commission of 0.10 %
  • Accepts fiat currency
  • BNB users get discounted rates
  • It has been proven that security measures work

Cons:

  • Support is only provided via tickets
  • Debit/credit card deposits are subject to a 3.5% fee

Your Money Is At Risk.

3. Coinbase – Great Crypto Exchange To Buy Dogecoin UK

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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.

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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.

Coinbase fees

Fee Amount
Crypto trading fee Commission, starting from 0.50%
Inactivity fee Free
Withdrawal fee 1.49% to a bank account

Pros:

  • New users, as well as experts, will find the interface easy to use.
  • Transactions on Coinbase are one of the fastest in the world, and it is one of the most liquid exchanges
  • Many altcoins are supported by Coinbase
  • Balance requirements are low

Cons:

  • Complex Schedule of fees
  • Trading on other platforms is more expensive

Your Money Is At Risk.

4. CoinCorner - A Good Choice To Buy Dogecoin UK

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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.

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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.

CoinCorner fees

Fee Amount
Crypto trading fee 1% per trade
Inactivity fee Free
Withdrawal fee Free

Pros:

  • An easy-to-use, no-technical knowledge required Bitcoin wallet that is simple and easy to use
  • A variety of options are available for adding funds to your account
  • Options for recurring investments

Cons:

  • The trading platform does not offer a separate Bitcoin wallet
  • Low security compared to competitors

Your Money Is At Risk.

5. Crypto.com - You Can Buy Dogecoin UK

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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.

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Crypto.com fees

Fee Amount
Crypto trading fee 0.4% per trade
Inactivity fee Free
Withdrawal fee Free

Pros:

  • Supports a wide range of cryptocurrencies
  • Competitive, transparent fees with discounts available
  • Provide support for an ecosystem of cryptocurrencies

Cons:

  • Fees are higher unless you hold and use CRO
  • Customer service is poor
  • It can be difficult to navigate trading fee discounts

Your Money Is At Risk.

Where to Buy Dogecoin UK – Platforms Comparison Fee

Platform Crypto trading fee Inactivity fee Withdrawal fee
eToro Spread, 0.75% for Bitcoin $10 a month after one year $5
Binance Commission, starting from 0.1% Free 0.80 EUR (SEPA bank transfer)
Coinbase Commission, starting from 0.50% Free 1.49% to a U.S. bank account
CoinCorner 1% per trade Free Free
Crypto.com 0.4% per trade Free Free

What is Dogecoin?

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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?

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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.

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.

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.

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.

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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.

Best Way 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.

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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.

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, credit or debit cards, or e-wallets like PayPal and Skrill. For example, the minimum deposit with eToro is 140 GBP.

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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.

Are you ready to buy Dogecoin in the UK? Start trading cryptocurrencies today by signing up for an eToro account!

eToro – Best Crypto Exchange to Buy Dogecoin UK With 0% Commission

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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.

FAQs

What is Dogecoin?

DOGE (Dogecoin) is an open-source cryptocurrency. It is considered an altcoin and almost a sarcastic meme coin. Since its launch in December 2013, Dogecoin has used the image of a Shiba Inu dog as its logo.

Who created Dogecoin?

In 2013, Jackson Palmer, a product manager at Adobe Inc.'s Sydney office, created Dogecoin as a way to mock the hype surrounding cryptocurrencies.

What is the market cap of DOGE?

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$22.769B

Do I need a crypto wallet to buy Dogecoin?

The process is smooth and fast with exchanges like Coinbase and Coinmama, but you will need a Dogecoin wallet before you purchase since some exchanges require it. As soon as that step is completed, trading in Dogecoin will be available.

Can I buy Dogecoin in the UK?

Yes, it can be bought at eToro, the best crypto exchange to buy Dogecoin UK with 0% commission.

How much money do I need to buy Dogecoin UK?

Investing in Dogecoins has become a lot more serious since it was once a joke. Although, investing in it is still incredibly risky. Experts recommend not investing more than 3% to 10% of your portfolio in cryptocurrencies.

About Jhonattan Jiménez
About Jhonattan Jiménez

English Language professional with a vast experience teaching English as a second language, English translator to Spanish, Cryptocurrency enthusiast, interested in geopolitics and economy.

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