Are you eager to invest in Dogecoin but feeling a bit lost on how to buy it on eToro? Fret not, as you are in the right place. Here, we’ve got all the insights you need to dive into the world of Dogecoin investment on eToro, along with valuable related information to guide your way. Let’s get you started!
In the meantime, Dogecoin is a cryptocurrency that started as a joke, and ever since, it has slowly become an authentic investment option.
However, if you are interested in Dogecoin, you can invest in it on platforms such as eToro. Besides, eToro is the ideal one for you because it provides an easy-to-use interface that even beginners can understand.
So, if you are interested in investing in Dogecoin Ten, you can read through the entire blog post for more details.
What is the eToro Trading Platform?
eToro is an easy-to-use social trading and investment platform that allows users to trade and invest in different financial assets, such as stocks, currencies, and exchange-traded funds.
This platform is best known for its intuitive interface and extensive educational resources, which makes it the perfect choice for new beginners. However, on eToro, you can buy and sell several stocks, such as Bitcoin, Cryptocurrencies, Dogecoin, and Ethereum.
Furthermore, eToro has created a solid reputation for simplifying the investment process in the stock market, making it much easier for beginners. It offers user-friendly solutions that have made lots of people easily invest in cryptocurrency. Other than its innovative approach, this platform has gained lots of recognition thanks to its strong promotional campaigns.
In addition, eToro has a social trading network that enables users to connect with other investors and traders, copy trades, and even follow their trading plans. With social trading, you will be able to invest more easily and also copy the trades of other successful investors.
What is Dogecoin?
Dogecoin is a digital currency that was created in 2013 by Billy Markus and Jackson Palmer. This coin features a Shiba Inu dog, and it is very popular among several crypto investors.
Dogecoin’s blockchain is based on Litecoin, and it makes use of the same proof-of-work algorithm. This also makes it very accessible, and it is less expensive than Bitcoin. It also has an unlimited supply.
How to Create an eToro Account
To get started with eToro, you need to create an account. You can create an account on the eToro website or the mobile app. Here is how to create an account:
- Visit the eToro official website at www.go.etoro.com/.
- Tap on Join Now.
- Enter your details, which include your email address, name, and phone number.
- Create a new username and password.
- Verify your identity by providing proof of address and a copy of a government-issued ID.
- Next, deposit funds into your eToro account by using any payment method of your choice.
The steps provided above will guide you on how to sign up for an eToro account. On Dogecoin’s platform, you can check out the next segment.
How to Buy Dogecoin on eToro
It is quite easy to buy Dogecoin on eToro. And in this section of this article, we will provide a step-by-step process on how to buy Dogecoin.
However, before buying cryptocurrency on eToro, you would be required to sign up for an account and set your account up. Once you have done that, you can now buy Dogecoin using the steps below:
Verify Your eToro Account
After creating your account, you need to verify your account. You will receive an email that contains a verification link. After that, you will need to provide your date of birth, full name, and phone number.
You will also need to submit a copy of your photo ID and answer some questions about your investing experience to finish your profile. It also takes a few days before your verification process is complete.
The only reason why eToro demands such verification is because it has to comply with KYC and AML legislation.
Deposit Funds on Your eToro Account
After verifying your account, you can now deposit money into your eToro account, which will be used to buy Dogecoin. eToro offers several payment methods, such as debit or credit cards and PayPal.
To deposit money into your eToro account, you need to head over to the Deposit Funds section, choose your local fiat currency, choose your mode of payment, and then follow the on-screen instructions.
Use the Search Function to Locate Dogecoin
After depositing funds into your account, the next step is to search for the Dogecoin you want to buy. Make use of the search bar to find Dogecoin, and then tap the Trade button.
Finish the transaction by clicking the Open Trade button.
Tap the trade button and make sure that you are on the right page. Enter the amount that you want to use to buy Dogecoin on eToro and tap the Open Trade button to finish the transaction. Then your Dogecoin will appear in your account.
With the steps provided above, you will be able to buy Dogecoin on the eToro official website.
How to Buy Dogecoin on eToro on the Mobile App
Aside from buying through the official website, you can also buy through the eToro mobile app. However, this segment shows you the basics of how to buy Dogecoin on the eToro mobile app. You can follow the steps below to buy Dogecoin on eToro:
- Download and launch the eToro mobile app.
- Login to Your eToro Account
- Using the search engine, locate dogecoin.
- Once you have found it, click on the “trade” button that is next to Cryptocurrency.
- Then the price of the cryptocurrency will be displayed before you.
- After that, click on “Open Trade.”
However, make sure that you are on the buy page by checking the name at the top of the page. Then input the amount you want to buy the dogecoin for, recheck the transaction details, and click on “Open Trade” to finish up. With that, you are done buying.
How to Sell Dogecoin on eToro
Selling Dogecoin on eToro is just as easy as buying it on the platform. The only difference is that once you open a new order form, you have to tap Sell at the top of the form. Next, you will enter the amount of Dogecoin that you want to sell and tap Open Trade.