Dogecoin is a very popular peer-to-peer and open-source digital currency. Many people know Dogecoin for its logo of a Shiba Inu dog. It is one of the first cryptocurrencies made to make people understand blockchains and the technologies associated with them. Dogecoin offers faster and more affordable trading to its users. What is the best app to buy Dogecoin? Please read this article to find out.
What is a Cryptocurrency Exchange?
The concept of a cryptocurrency exchange is that it functions as an online marketplace for virtual assets like Dogecoin, bitcoin, and others that are tradeable (purchased, sold, and transferred). Through some exchanges (though not all), you can store your crypto assets in your wallet. The Coinbase app lets you store cryptocurrencies as well as non-fungible tokens (NFTs) online.
Since not all crypto trading apps are personal wallets, you may need to find another way to protect your crypto assets. You can easily transfer assets between your wallet and exchange account whenever you need them, regardless of whether you trade bitcoin or Dogecoin.
Cryptocurrency Exchanges: Are They Worth It?
Investment and saving decisions are often influenced by personal preferences. You do not need to use crypto exchanges to purchase Dogecoin or other popular virtual assets. It is possible to use online brokers like Voyager or payment platforms like PayPal or SoFi.
The three online brokerages TradeStation, Robinhood, and Webull offer fee-free crypto trading, but they come with a stipulation. Additionally, although these apps offer a broader variety of investment products (stocks, ETFs, and options), they are not usually crypto-specific as popular exchanges.
How to Buy Dogecoin?
- Create an online account. Join a cryptocurrency exchange that trades DOGE. You can trade Dogecoin on sites such as Coinbase, eToro, Robinhood, Webull, etc.
- Add funds to your account & purchase. In order to purchase DOGE, you will need both a wallet and an exchange account. You should first check out the DOGE price on your exchange’s trading platform.
- Cryptocurrency prices are always fluctuating. So, you’ll likely pay closer to the market rate. It’s always a good idea to keep an eye on how DOGE is doing to avoid overpaying.
- Determine the amount of DOGE you wish to purchase per your budget and market price.
- Your broker will then fill your orders for you. If your DOGE appears in your exchange wallet, you have completed your order. If your broker is not able to find a suitable exchange, they may cancel your order.
6 Best App to Buy Dogecoin in 2021
Trade with Kraken, and you can trade close to 60 cryptocurrencies from across the globe at exceptionally low fees. This app is one of the best apps to buy, sell, and trade Dogecoin. Kraken is safe and easy to use. The user-friendly interface offers some amazing features like making quick deposits and withdrawals, measuring your portfolio performance, and keeping track of all your crypto with ease.
You can buy Dogecoin via Kraken with confidence. Trading with Kraken is confident trading.
Security is Kraken’s top priority. Kraken has earned its clients’ trust with the best security. The app stores most of the cryptos in cold wallets.
Kraken also offers high financial stability through strict legal compliance, strong banking relationships, and full reserves.
Features of Kraken
- Almost 60 cryptocurrencies
- On-the-counter transactions
- Managing accounts for high-net-worth individuals and institutions
- Trading platforms of different types
- Resources for education
- Provides margin and futures accounts
- Earnings from stakes
This app for trading cryptocurrencies offers the trade of almost 50 cryptocurrencies. Binance app offers numerous valuable features such as OTC trading, rewards from stakes, and some trading options for institutional clients.
You can find the crypto trading pairs on Binance. The Binance US has fewer fees than the other cryptocurrency exchanges. As a beginner, you should have $10, and you need to pay 0.1% or 0.5%. How much you are paying depends on how fast you want transactions and traded to happen.
The Binance US app does not function under certain geographical restrictions. If you are in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas, or Vermont, this app won’t function there.
Features of Binance
- Recurring purchases automated
- OTC trading
- Earnings from stakes
- Pairs of cryptos
If you are a beginner at cryptocurrency trading, eToro could be the perfect app for you. It offers to trade almost 20 cryptocurrencies, including Dogecoin. Buying and selling Dogecoin on eToro is super easy with its user-friendly interface. This app is easy to use for its crypto community and educational resources.
CopyTrader is eToro’s most popular feature. Since the portfolio strategy is based on the strategies of the experts, this feature is ideal for beginners. By using this feature, you can compare your portfolio to those of top-performing traders.
As for educational offerings, eToro provides both written investment guides and a video tutorial for crypto trading.
For traders who want an extra layer of buying power, eToro USA does not offer margin accounts.
Features of eToro
- 15+ cryptocurrencies, including Dogecoin
- Copier trading system
- Copy Portfolios
- Trade with eToro Academy
If you’re looking for a low-budget app to buy Dogecoin, Voyager is your best choice. Voyage is not a cryptocurrency exchanger but a mobile cryptocurrency broker that uses proprietary routing technologies to offer crypto trading opportunities. In addition to this, Voyager offers interest, FDIC insurance on USD holdings, and mobile access to your crypto assets (10%).
At this time, Voyager does not support coin-to-coin exchange, nor does it let you determine where you trade your coins. All US states, except New York, have access to the crypto app. In the event that you’re a New York resident, you need to look at other cryptocurrency exchanges.
Features of Voyager
- Bitcoin and 50+ other cryptocurrencies
- Holding 500 DOGE or more earns you 2% interest
- The FDIC insures USD holdings
Bittrex: Best for Account Security
The exchange may boast low transaction fees and a $3 minimum, but security and ease of use make it an excellent choice. Dogecoin and other popular assets can be acquired quickly and easily using its Instant Buy and Sell feature.
It has excellent account security if you care about that. Using multistage wallets and two-factor authentication, users can securely store crypto assets on offline hardware.
You can also access the exchange on iOS or Android devices.
Bittrex offers only a few crypto assets at the moment. In order to invest across a more diverse range of apps, you might want to consider other apps.
Features of Bittrex
- Purchase/sale instantly
- Cold storage with high security
- Mobile accessibility
Gemini: Bitcoin, Ethereum, and Dogecoin traders
Gemini is unique; It offers buying and selling of Dogecoin and more than 30 other crypto assets. Getting started isn’t complicated, but there are a variety of fees for web design and mobile transactions. Additionally, each transaction will cost you a convenience fee of 0.50%.
Gemini has a variety of other features that may appeal to beginners as well as experienced crypto traders. Among these is the crypto rewards program through which you can earn as much as 7.40% on certain assets. Also, there is the Active Trader platform for more experienced traders. Also, you can participate in several educational webinars.
The only cryptocurrencies offered on this exchange are Dogecoin, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Zcash, and Filecoin. (Since we are talking about trading Dogecoin, this app is best for trading Dogecoin.) ERC-20 tokens make up the rest of its investment collection.
Features of Gemini
- A range of options for beginners, professionals, and institutions
- Earnings on Gemini
- Wallet on Gemini
- Gemini Custody is insuring $200 million
How do I purchase Dogecoin? As cryptocurrency reaches seemingly unfathomable heights, crypto investors are asking themselves this question. To solve their queries, I have suggested the 6 best apps to buy Dogecoin. Please have a read.