Best App to Buy Dogecoin in 2024

The Best Apps to Buy Dogecoin Include:

1. eToro – Best for Beginners
2. Coinbase – Best for Low Fees
3. IG
4. Uphold – Best for Diverse Portfolios
5. Binance – Best for a Wide Variety of Assets
6. CoinJar – Best for Educational Tools

Dogecoin is a popular cryptocurrency endorsed by Elon Musk, along with other celebrities. Created as a meme coin, Dogecoin has recently become a valuable asset with an increasing number of people looking to invest.

However, due to the high market volatility, investing in Dogecoin is risky and traders are advised to choose carefully where they want to buy and sell this coin.

Here, we look at the best apps for buying Dogecoin, including instructions for using it and tips on how to pick the most suitable one.

Read on to find out more!

What Is Best App to Buy And Sell Dogecoin?

With all the different exchanges offering Dogecoin trading, it can be challenging to determine which platform to use.

To give you a head start, let’s find out what is the best app to buy and sell Dogecoin.

Many see eToro as the best app to buy Dogecoin and we wouldn’t disagree. Besides Dogecoin and other cryptocurrencies, eToro offers over 40 financial assets to trade in.

It has a handy copy trading feature, which is most suitable for newbies.

You can copy experienced traders when buying and selling Dogecoin and learn the ins and outs of crypto trading as you go.

eToro Fees

Opening an account on the eToro change is free, but there is a 1% commission fee when trading crypto. Other costs, like conversion fees, also apply.

Technical Specifications of eToro

The eToro app is available on all iOS and Android mobile devices, including smartphones and tablets.

How to Use eToro

• Create an account – Trading Dogecoin or other crypto requires an account. Your account needs verification, which will take some time.

• Make a deposit to buy Dogecoin – You'll also be required to deposit a fiat currency, which will be converted into cryptocurrency once you start trading.

• Select your chosen amount – After choosing the Deposit Funds option, enter the amount you want to deposit, select the cryptocurrency you want to buy, and enter the chosen payment method. Proceed with payment – some payment forms will go through instantly, but others will not.

• Buy assets – Next, switch to the cryptocurrency page. Using the search bar, find ‘Buy or Search Dogecoin.’ Choose ‘Trade or Order'. The former enables you to purchase a specified amount of coins at market price. While the latter allows you to set the future price for buying the currency.

Depending on which option you prefer, buy the coins at market price or enter the amount and set the price. Proceed to pay with the chosen method. If you've deposited a currency (crypto or fiat), you can also pay with those.

76% of eToro retail CFD accounts lose money. 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.

The platform offers more than 50 cryptocurrencies to trade in, and you can exchange one crypto for another.

This means that besides the usual payment methods, you can also use Bitcoin or other altcoins to buy Dogecoin.

Coinbase Fees

There is a 1% transaction fee on a cryptocurrency exchange, but there isn't a minimum deposit.

Technical Specifications Of Coinbase

Coinbase app is available free for all IOS and Android mobile devices.

How to Use Coinbase

• Create an account – After registering with a name and email details, you must verify your account to make the transaction.

• Make a deposit to buy Dogecoin – Once your account has been verified, you can deposit the currency you'll use to buy DOGE. To do this, go to 'Settings', tap on 'Payment Methods', choose 'Add a payment method' and link the preferred account type. Select 'Bank Account' from the list of payment methods and enter the required information.

• Select your chosen amount – After your bank account has been verified, you can pay the deposit and buy crypto by clocking Trade, selecting 'Dogecoin' and entering the amount.

• View purchased assets in your wallet – Once you've completed the transaction, check the assets in your wallet.

Coinbase: 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.

IG Trader is a colloquial term that might be used to refer to traders who use the IG trading platform or the platform itself. IG provides access to a wide range of financial instruments, including stocks, indices, commodities, cryptocurrencies, forex (foreign exchange), and more.

IG Fees

The fee structure of IG may vary depending on the type of asset you are trading and the account you have. Some of the common fees include:

Spread: The difference between the buy (bid) and sell (ask) price, which is how IG makes money. It's the main cost of trading with IG.

Overnight Financing: Also known as overnight funding or swap fees, this is the cost or credit applied to positions held overnight. It can be positive or negative, depending on the direction of your position and the prevailing interest rates of the currencies involved.

Inactivity Fee: Some accounts may be subject to an inactivity fee if there is no trading activity for a specified period.

Withdrawal Fee: A fee may be charged for certain withdrawal methods or when withdrawing funds below a certain threshold.

Technical Specifications of IG

IG's platform is available on various devices, including desktop computers, web browsers, and mobile devices.

How to Use IG

To use IG, follow these general steps:

Account Registration: Visit IG's official website and sign up for an account. You'll need to provide some personal information and agree to the terms and conditions.

Verify Your Identity: As a regulated financial services provider, IG will likely require you to verify your identity to comply with anti-money laundering (AML) regulations.

Deposit Funds: Once your account is verified, deposit funds into your trading account using one of the supported payment methods.

Familiarize Yourself with the Platform: Explore the trading platform, familiarize yourself with the available features, and practice using the platform on a demo account if available.

Start Trading: Once you are comfortable with the platform, you can start trading various financial instruments. Keep in mind the risks involved in trading and consider using risk management tools like stop-loss orders.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of IG retail investor accounts lose money when trading spread bets and CFDs with IG. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Besides Dogecoin, Uphold also lets you buy and sell over 210+ other cryptocurrencies and a broad selection of stocks, precious metals and forex, all of which you can purchase with several payment methods.

A superb option for those wanting to diversify their portfolio in the future. This makes is a strong contender for the best app to buy Dogecoin.

Uphold Fees

There is a minimum deposit of £8 and a 1.5% transaction fee for crypto trading. You can create a free account on the Uphold app.

Technical Specifications of Uphold

The Uphold mobile app is available on all mobile devices.

How to Use Uphold

• Create an account – After setting it up, you must verify your account on Uphold mobile app—this might take some time.

• Make a deposit to buy Dogecoin – Once your account is live, select the Transact tab on your dashboard. You'll see a drop-down menu named 'From'. Here, you can choose the bank, credit or debit card you'll use. Click '+' to enter the required information and add the preferred card or bank account. Enter the amount you want to deposit to buy crypto assets. Besides a fiat currency, you can also use Google Pay and Apple Pay.

• Select your chosen amount – Next, switch to the drop-down menu and select Dogecoin and the amount you want to buy. Proceed with your purchase.

• View purchased assets in your Wallet – Once your transaction is confirmed and realized, you'll see the coins in your crypto wallet.

Binance is the most popular of all the apps to buy Dogecoin. It offers a wide variety of assets to trade, 50 peer-to-peer Internet payment options, several wallets, NFTs, portfolio management, watchlists and crypto APIs supporting Dogecoin. It’s no wonder many see this as the best app for Dogecoin.

Binance Fees

While there isn't any minimum deposit required, you must trade at least £8 worth of crypto. A 0.1% of transaction fee also applies when trading cryptocurrencies.

Technical Specifications of Binance

You can get the Binance app free for all mobile devices.

How to Use Binance

• Create an account – You'll need to verify your account to deposit fiat, trade crypto or withdraw your funds. You'll be required to submit photos and personal information.

• Make a deposit to buy Dogecoin – With a verified account, visit the ‘Buy Now’ page, pick the currency you wish to deposit, its amount, and payment method, then proceed with your purchase.

• View purchased assets in your Wallet – Check that the crypto amount you've purchased is reflected in your digital wallet balance.

CoinJair supports 57 cryptocurrencies, which UK residents can purchase with Faster Payments Service (FPS), bank transfer, or credit and debit cards.

Beginners can take advantage of the CoinJar Rewards, which allow gain points after going through tutorials. These features make it stand out as one of the best apps to buy Dogecoin.

Coinjar Fees

There is a 1% transaction fee and a 2% fee for instant cryptocurrency purchases with a debit or credit card. There is no minimum deposit, except for FPS.

Technical Specifications of CoinJar

The Coinjar app is free to download on all mobile devices.

How to Use CoinJar

• Create an account – After downloading the app, Sign up and verify your account in a few simple steps.

• Make a deposit to buy Dogecoin – Once your account has been verified, you can make a deposit and choose the crypto you want to buy.

• Select your chosen amount – Pick the amount of crypto you want to purchase and proceed with your transaction using a fiat deposit. You can also link a card to your account and use this to buy crypto.

• View purchased assets in your wallet – After completing the transaction, see if the amount is visible in your digital wallet.

What Is Dogecoin?

Also known as DOGE, Dogecoin is a digital currency created in 2013.

Launched by software engineers Jackson Palmer and Billy Marcus, Dogecoin was originally intended to be a mockery of popular cryptocurrencies that caused a large amount of speculation during the early 2010s.

The coin uses the dog type Shiba Inu as its mascot, because it was born after this dog became an internet meme in 2013. In fact, the term Dogecoin was coined based on the misspelled version of the word dog.

As a cryptocurrency, Dogecoin doesn't use a centralized system for transactions and issuing new coins. Instead, it operates on a peer-to-peer transaction system that requires fewer steps and makes trading much easier.

Dogecoin further differs from Bitcoin and similar altcoins in that it doesn't use a blockchain system. Instead, it uses a system that doesn't require verification, which further simplifies transactions.

Much to the surprise of its creators, Dogecoin has quickly become a valuable asset. It was used for charitable purposes until the two founders left it to four part-time developers in 2015.

Soon after, DOGE prices have seen their all-time low, although they managed a slight recovery by 2018. However, like other digital assets, Dogecoin fell victim to the 2018 cryptocurrency crash, and its price remained flat until 2021.

In 2021, Tesla CEO Elon Musk started tweeting about Dogecoin, sharing his interest in DOGE with his followers. He also proclaimed that Tesla began to accept Dogecoin in exchange for some of their services.

Musk brought the asset into the mainstream media, causing it to soar in value, reaching its all-time high by mid-2021. However, since then, prices have plummeted by almost 90%.

In the past two years, Dogecoin has begun to see its second revival, mainly due to hype caused by Elon Musk and other celebrities. In another Twitter-related move, Musk has caused the prices of Dogecoin to climb again.

Experts predict that the value of these assets will continue to rise, and all will reach and eclipse its all-time high in the next five to 10 years.

Now that you've read about the five best apps to buy Dogecoin in the UK, you might be wondering how to choose the most suitable one.

Here are a few tips on how to find the best app to buy Dogecoin and things to keep in mind when making the choice:

Is Dogecoin Worth Buying?

Despite the plummeting prices over the last two years, Dogecoin is once again considered a worthy investment. However, as with any other cryptocurrency (or assets in general), no investment is completely secure.

Understanding what you’re getting into is important to make gains. This means you'll need to do your due diligence and conduct in-depth research before buying any currency.

While this article offers some advice on how to buy Dogecoin on certain platforms, it's crucial to do your own research on the different apps.

You should also look into the risks of crypto trading, and make sure to understand the concepts of price volatility. Due to the lack of centralized regulation, cryptocurrencies carry even higher risks.

That said, most reputable trading platforms offering crypto trading are regulated by at least one regulatory organ in Europe.

Make sure to explore the regulatory landscape of digital currencies, particularly that of meme coins.

Remember, these coins often use a different system than Bitcoin and other altcoins, so there might be some differences in regulation and security protocols.

Frequently Asked Questions

Final Thoughts

As you've seen from this article, Dogecoin can be a great investment commodity but also carries its own risks. Choosing the right platforms to buy DOGE is crucial for success.

All exchanges listed in this article have their own advantages and disadvantages, and it's up to you to decide which one you prefer.

Before buying Dogecoin do your own research about the crypto market to ensure you understand the risks of crypto trading. It's also a good idea to look deeper into a specific platform you’re trying to use, particularly its fee structure and security levels.

WikiJob does not provide tax, investment or financial services and advice. The information is being presented without consideration of the investment objectives, risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. Investing involves risk including the possible loss of principal.