A guide to buying Dogecoin in the UK in 2022

Since the beginning of the year, the price of cryptocurrency has been increasing Dogecoins has risen dramatically and rumors circulating in the crypto community suggest that Elon Musk, who has previously endorsed Dogecoin, may include the currency in his future business development plans. This has created a huge market boom for crypto buyers to invest and buy DOGE.

In this article you will learn how Buy Dogecoin in UKincluding a list of the best trading platforms to trade DOGE.

About Dogecoin

Dogecoin was created in 2013 as a joke inspired by a popular online meme featuring a Shiba Inu dog. Since then it has become one of the most popular cryptocurrencies in 2021. Its main features are its cheap cost and endless supply.

Since the beginning of 2021, Dogecoin has increased in value by more than 14,000 percent. Dogecoin’s price is now around $0.60, with a market cap of around $78 billion according to price tracking website CoinMarketGap, making it the fourth largest cryptocurrency. However, it remains a small player compared to the big two, with Bitcoin being valued at $1.1 trillion and Ethereum at $405 billion and Binance Coin at just under $100 million respectively.

Dogecoin’s availability has expanded as it has grown in popularity. On an exchange like Binance, UK investors can buy cryptocurrency using their debit or credit card.

Where to buy Doge in the UK

Etoro and Coinbase are one of the most trusted and easiest platforms to invest in cryptocurrency and dogecoin online. They accept GBP payments by debit/credit card and bank transfer. Additionally, everything from the most brought to some of the most undervalued cryptos are available on these prominent exchanges, allowing you to diversify your portfolio while paying low fees and maintaining tight spreads.

eToro

eToro is authorized and regulated by the FCA, making it a safe and secure option to purchase Dogecoin in the UK. eToro also simplifies the Dogecoin investment process thanks to its user-friendly website. Even if you are a complete beginner, you can easily buy Dogecoin in the UK on eToro.

You must first create an account with eToro, which only takes a few minutes. After that, you will be asked to make a deposit of $10 via debit card, bank transfer or e-wallet. Paypal, Skrill and Neteller are examples of the latter. You can only invest in Dogecoin in the UK on a spread basis after your eToro account is funded.

coin base

Coinbase is a United States-based cryptocurrency exchange with over 70 million users. To get started, you’ll need to create a verified account, which includes some basic personal information and a copy of your passport or driver’s license. After that, you can use a Visa or MasterCard to buy Dogecoin in the UK.

If you use Coinbase to buy Dogecoin, you can also invest in more than 50 other cryptocurrencies. From Ethereum Classic, Litecoin and Shiba Inu to Bitcoin, Decentraland and Cardano everything is included. Coinbase’s minimum investment is just £2, which explains why the exchange is so popular with beginners. Coinbase also offers excellent security and trust, as well as a mobile app linked to your primary account.

How to Buy Dogecoin UK – Quick Steps

Step 1- Choose a crypto exchange application, e.g. eToro

Step 2: Choose a transaction method

Once you have registered with the application, you will need to deposit funds from your bank account or credit card.

Step 3: Buy DOGE

Type “DOGE” in the application’s search bar and start trading. You save a DOGE you have bought in your wallet.

You can get started now!

Why should you buy Dogecoin?

Let’s look at two main advantages of DOGE if you want to buy Dogecoin in the UK now:

Strong community support

Dogecoin’s success has been attributed to remarkable community support. With 3 million users on Reddit, the digital currency is regularly referenced on other prominent subreddits. Additionally, Dogecoin tends to gain when the price of other meme currencies (like Shiba Inu) rises. With massive support from retailers, DOGE has the potential to see another bull run in the future.

Possible returns

You might want to consider buying Dogecoin UK for an opportunity to outperform the market. DOGE’s price has increased by more than 40% in just two weeks. According to Dogecoin’s token structure, small price fluctuations can generate large profits.

I hope this article has helped you understand and make the best decisions when trading and buying DOGE in the UK.