Best Place to Buy Dogecoin 2024

1. eToro – Best for copy trading
2. Robinhood – Best for usability
3. Kraken – Best for beginners
4. Binance – Best for low fees
5. Ledger – Best for educational tools
6. SoFi – Best for signup bonus
7. Uphold – Best for range of cryptocurrencies
8. CoinJar – Best for easy-to-use app

The world of cryptocurrency is extremely exciting for potential investors. While cryptocurrencies are still considered highly volatile investment products, their potential is incredible.

There are many great coins out there, but Dogecoin remains one of the most popular digital currencies on the market.

If you are interested in investing in Dogecoin, we’ve got all the information you need.

We’ll look at the best platforms for Dogecoin, as well as give you an insight into what you should be looking for and answer some frequently asked questions.

Let’s get started!

The Best Place to Buy Dogecoin

Here is a selection of the best platforms for purchasing Dogecoin.

eToro fees: $100 Minimum deposit, 1% trading fee, £4 withdrawal fee. There are also additional costs like FX fees.

Many see eToro as the best site to buy Dogecoin, partly because crypto trading on eToro is possible for both beginners and experienced traders.

The former can benefit from educational materials like the handy demo account and simplified desktop and mobile apps.

There are also excellent copy trading tools available, which enable you to copy the trades of highly experienced traders on the platform.

Beginner and intermediate traders can benefit from eToro’s risk management tools. In comparison, advanced users can use the platform charting and analytics tools, staking service, social trading features and more.

You can open an account with eToro cost-free and even reduce your foreign exchange costs by exchanging currencies with the eToro Money app.

The app is also a digital wallet for your cryptocurrencies. It allows you to effortlessly transfer your digital currencies from one exchange or wallet to another.

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 two mins to learn more.

Binance fees: No minimum deposit for cryptocurrencies, 0.02 to 0.10% trader fee, 0.04 to 0.10% maker fee. There is also a 1.80% withdrawal fee for bank transfers and variable fees for cryptocurrency withdrawals.

Another strong contender for the best place to buy Dogecoin is Binance. Regulated by the FCA, Binance offers a relatively safe yet versatile way to buy and trade cryptocurrencies.

Since it has lower fees than other platforms, it’s highly recommended for beginners.

However, the platform’s interface is rather complex, which might cause issues even for some experienced traders.

Binance provides access to over 350 digital currencies for trade globally, including Bitcoin, of which about 150 are available in the US.

Experienced global traders eager to explore different trade options and tokens can take advantage of Binance’s more advanced trading features.

Robinhood fees: No minimum deposit, withdrawal, or inactivity fees. Trading fees for cryptocurrencies vary but are low compared to other crypto exchanges.

Robinhood is a US-based commission-free broker. It offers commission-free US stock trading without withdrawal and inactivity fees. If you are wondering where to buy Dogecoin stock, Robinhood has you covered.

Its mobile and web trading platforms are beginner-friendly and easy to comprehend. Beginners can also take advantage of the fast, fully digital method of account opening at Robinhood.

It can be a great choice for beginner investors, although the platform provides only a limited choice of assets. In addition, customer support is available via email only, with slow responses.

The educational material lineup could also be improved. However, if you are looking for an easy-to-handle platform where you can learn the basics, Robinhood can be the right choice for you.

Kraken fees: £0 to £21 minimum deposit, depending on the deposition method of, 1.5% trading fee plus a spread. £1.95 to £35 for bank withdrawals, depending on the withdrawal method. Variable withdrawal fee for cryptos.

Another strong contender as the best place to buy Dogecoin is Kracken. It is one of the oldest altcoin exchanges and offers over 185 different assets to buy, sell, and trade with competitive trading fees.

The platform is known for supporting cryptocurrency futures and spot trading at current market rates.

Kraken is an excellent choice for both beginner and experienced cryptocurrency investors and traders looking for low trading fees and access to a broad range of currencies and assets. The platform is easy to navigate even if you don’t have crypto trading experience.

There are two versions of the exchange. Depending on your understanding of the crypto market, you may prefer Kraken or Kraken Pro. The latter has lower fees.

Ledger fees: £0.8 Minimum deposit. Other fees also apply, including the price of the Ledger Nano hardware, which can cost anywhere from £47.74 to £120.57.

Ledger supports more than 5,500 assets and allows for purchases, swaps and staking and trading NFTs with Ledger Live.

It also acts as a cold storage wallet that can connect to other desktop and browser crypto wallets for online storage.

The platform offers customer support through chat, email and social media. Beginners can also take advantage of the library of crypto teaching resources on Ledger Academy and Ledger Live features.

The latter also includes market analysis tools and a crypto tax calculation tool, which are also handy for advanced traders.

SoFi fees: 1.25% trading fee for cryptos, no other fees for trading, only for the financial services provided by the platform.

SoFi offers 40 cryptocurrency price feeds, including 30 different altcoins. There is no cryptocurrency wallet support included.

Beginners can take advantage of the $10 (£8) reward if they trade at least $10 worth of cryptocurrency through the exchange. With higher amounts of crypto traded, the reward gets higher too.

SoFi has a custodial platform. As a result, you can’t deposit cryptocurrencies from another digital wallet to the SoFi platform or withdraw your currency holdings.

This allows for less control over the private keys associated with the coins. Despite that, SoFi is still a contender for the best place to buy Dogecoin.

Uphold is a digital money platform that offers a unique service allowing users to trade directly between different asset classes, including cryptocurrencies, fiat currencies, precious metals, and even U.S. equities. Founded in 2014 and based in the United States, Uphold has grown to support over 184 countries with a wide range of assets for trading.

The platform supports over 243 different cryptocurrencies, including Dogecoin, as well as various fiat currencies and precious metals. This wide selection offers significant flexibility for portfolio diversification.

CoinJar fees: £10 Minimum Deposit, 0.10% to 1% Trading Fees; no withdrawal of FX fees.

Beginners and experienced traders can take advantage of both the CoinJar app and the Crypto Bundle. The first one doubles as a digital wallet, where you can buy, sell, hold, spend and transfer cryptocurrencies securely on any device.

You can use the CoinJar Card to make purchases with your crypto, online and in-store. It is free to activate the card, and there are no monthly fees attached to it.

When paying with the CoinJar card, the cryptocurrency is automatically converted to fiat currency using CoinJar’s rates at the time of the transaction.

The Crypto Bundle is similar to a ready-made portfolio containing a selection of cryptocurrencies. Professional traders can also use CoinJar’s institutional-grade crypto solutions.

What Is Dogecoin?

Dogecoin is a cryptocurrency known for its low value, partly because there is an unlimited supply of the currency.

It has become known for an internet meme featuring a Japanese dog called Shibu Inu, which has since become its mascot.

Elon Musk contributed to popularizing of Dogecoin. After he posted a message to his Twitter followers, the price of Dogecoin increased by 7%.

Can You Invest in Dogecoin in The UK?

Yes, Dogecoin is perfectly investable within the UK. This and similar digital currencies are popular among amateur investors because of their low value.

Transactions for Dogecoin vary from under £0.10 to a little over £0.70, so they don’t pose much of a risk.

Buying Dogecoin requires an investment platform that allows you to buy and sell cryptocurrencies; however, not every medium has this option.

Therefore you have to pick carefully. You also need to decide how to pay for these crypto investments.

Not all credit cards accept cryptocurrencies, and some charge sizable fees for these transactions.

What to Look for When Choosing the Best Platform for Dogecoin

There are numerous things to consider when choosing an investment platform. These include the following factors:

• Fees – Look into how much each transaction will cost at different platforms. Depending on the medium you choose for buying Dogecoin, the charges could be presented in spreads, trading fees and deposit and withdrawal charges.

• Minimum deposit – Some platforms have minimum or maximum limits on the amount of Dogecoin you can purchase. There might be a restriction on the number of funds you can withdraw from your account within 24 hours or one single transaction.

• The currency they accept – If you plan to add other cryptocurrencies to your portfolio in the future, check to see what other coins you can buy or sell through the specific platforms.

• Trustworthiness – Information about the platforms’ founders and the transparency of their business can reveal a lot about the trustworthiness of the exchange.

• Customer support – Ideally, the platform should provide quick and easy access to the customer support team in case you have any problem with a transaction.

• Beginner friendly – If you are just venturing into the cryptocurrency market, choose an exchange that provides a range of educational tools and support for novices.

• Digital wallet access – Dogecoin, like all cryptocurrencies, is stored in a digital wallet. However, some platforms provide only limited access to these wallets.

• The methods of payment they accept – Some platforms take more payment options than others. Look for those that offer the payment option that suits you best.

Is Dogecoin a Good Investment Option?

Dogecoin is known as a great beginner investor’s cryptocurrency.

The currency is also an accidental cryptocurrency. The current has an unlimited number, compared to BitCoin and Ethereum and other popular digital currencies.

Therefore, its value has remained very low, below £1 per coin.

As a result, you can invest in lots of coins without investing huge amounts.

Frequently Asked Questions

Final Thoughts

Dogecoin is a digital cryptocurrency that can be traded with ease.

It is known as the best one for those with limited funds as the price for Dogecoin is one of the lowest, and there is an unlimited number of coins available.

Hopefully, now we’ve shown you which platform to buy Dogecoin on.

Make sure you carefully choose where you buy and trade Dogecoin. Consider the fees and options of each platform to find the one that suits you best.