Buy dogecoin on etoro, Interested in buying Dogecoin? eToro may be a good selection for you, e-Toro is a social trading platform that permits users to buy and sell cryptocurrencies, including Doge-coin. With over 20 million registered users, e-Toro is one of the largest cryptocurrency trading platforms in the world.
To buy Dogecoin on e-Toro, users need to create an account, upload their ID and proof of address, and fund their account. Once the account is set up, users can effortlessly find DOGE (the ticker name for Dogecoin) on their dashboard and buy it with just a few clicks
It’s important to note that not all brokers allow you to buy and sell Doge-coin with USD. However, eToro is one of the exchanges that does allow you to buy Doge-coin with USD, along with other exchanges such as Kraken, Gemini, and Coin base.
History of Dogecoin
Dogecoin was created by IBM Software Engineer BILLY MARKUS and ADOBE SOFTWARE Engineer JACKSON PALMER in December 2013. The two engineers created the cryptocurrency as a joke, enthused by the popular internet meme of the Shiba Inu dog breed.
Despite its origins as a joke, Doge-coin quickly gained popularity, and the community around it grew rapidly. By January 2014, Doge-coin had become the second-largest cryptocurrency in terms of daily transaction volume, behind only Bitcoin.
One of the reasons for the rapid growth of Doge-coin was its accessibility. Doge-coin was planned to be a more accessible type of Bitcoin, with faster transaction times and lower fees. This made it informal for people to get involved in cryptocurrency without having to invest large sums of money.
Over the years, Doge-coin has continued to grow in popularity, with a dedicated community of supporters who have used it for a variety of purposes, from listing content creators to fundraising for charitable causes.
What is Doge-coin?
Doge-coin is a cryptocurrency that was created in 2013 by software engineers Jackson Palmer and Billy Markus. It started as a joke based on the popular internet meme of a Shiba Inu dog, but it rapidly grown popularity and became a real cryptocurrency. Doge-coin has gained a loyal following due to its fun and friendly community, as well as its low transaction fees.
How does Doge-coin work?
Like other cryptocurrencies, Doge-coin uses block-chain technology to record and verify transactions. This means that all transactions are recorded on a public ledger that is decentralized and cannot be altered. Transactions are verified by a network of computers, which are pleased with new Doge-coin for their efforts.
One of the unique features of Doge-coin is its inflationary supply. Unlike Bitcoin, which has a limited supply of 21 million coins, Doge-coin has no limit to the number of coins that can be created. This means that new Doge coin is constantly being added to the supply, which can help to keep transaction fees low.
Another key feature of Doge-coin is its community. Doge-coin has a fun and friendly community that is known for its charitable efforts. The community has raised money for a variety of causes, including funding clean water wells in developing countries and sponsoring a NASCAR driver.
Overall, Dogecoin is a fun and unique cryptocurrency that has gained a loyal following due to its community and low transaction fees.
Why Buy Doge-coin on eToro?
When it comes to buying Dogecoin, investors have a number of options. However, eToro is one of the most popular platforms for buying and selling cryptocurrencies, including Dogecoin. Here are a few reasons why:
eToro’s Reputation and Security
eToro is a well-established trading platform that has been around since 2007. It is regulated by top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). This means that eToro is held to high standards when it comes to security, transparency, and customer protection. Additionally, eToro uses advanced security measures to protect users’ accounts and funds, such as two-factor authentication and SSL encryption.
Fees and Charges
One of the advantages of buying Dogecoin on eToro is the moderately low fees and charges. For example, eToro charges a spread of just 0.75% for buying and selling Dogecoin. Additionally, eToro does not charge any deposit or withdrawal fees, although there may be fees associated with certain payment methods or currencies. It’s important to note that eToro may charge other fees for services such as overnight financing or inactivity, so investors should read the fee schedule carefully before trading.
Availability and Accessibility
eToro makes it easy for investors to buy and sell Dogecoin, as well as other cryptocurrencies, stocks, and commodities. The platform is available in over 100 countries and supports a variety of payment methods, including credit and debit cards, bank transfers, and e-wallets. Additionally, eToro offers a user-friendly interface and a mobile app, making it easy to trade on the go.