Can I buy Dogecoin in Etoro?

Etoro lists Dogecoin (DOGE), so users can buy, sell, and store it on the eToro trading platform. To purchase this coin on the exchange, you need to sign up, have your account verified, and make a deposit. Then, you can purchase and sell dogecoin easily with low fees. eToro’s interface is simple and intuitive.

There are many benefits to joining eToro. The platform’s community numbers 20 million investors today. The platform disposes of reports, charts, and real-time analysis. All of those help you track tendencies and follow your investments on the desktop or mobile app.

In addition to this, the platform has reliable security protocols, which means people can trade safely and make the most of their investment without paying holding fees. The deposit limit is quite low – just $50 (varies across countries) – and making a deposit is easy and fast. You can use your debit card to make the deposit.

Bitcoin and Dogecoin: Similarities

DOGE and Bitcoin have many similarities, but also some key differences. Both run on the same proof-of-work consensus algorithm, but DOGE has an unlimited supply that’s constantly growing, while that of BTC is fixed. They also differ in their block times: 10 minutes for Bitcoin and just 1 for Dogecoin. Dogecoin is practical for fundraising and micro-tipping because its transactions are cheaper and quicker than Bitcoin’s.

Origins of DOGE

Dogecoin originated on social media in 2013. Two software engineers picked up a photo of a dog with a caption in broken English (doge instead of dog) and put it on a digital coin as a way of making fun of low quality crypto projects. With time, DOGE gained cult status. It slowly moved into the mainstream, ultimately attracting Elon Musk’s attention. Before it did that, it was used to fund Jamaica’s two-man Winter Olympics bobsled team in 2014.

Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

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