A Guide to Buying Dogecoin in UK 2022

Since the beginning of the year, the price of cryptocurrency Dogecoin has surged dramatically and rumours circulating in the crypto community suggest that Elon Musk, who has previously endorsed Dogecoin, may inclusde the currency into his future business development plans. This has given a huge market boom to the crypto buyers to invest and buy DOGE. 

This article will teach you how buy dogecoin in UK, including a list of the best trading platforms to trade DOGE. 

 

 

About Dogecoin 

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

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

Dogecoin’s availability has extended as its popularity has grown. On an exchange like Binance, UK investors may purchase cryptocurrencies with their debit or credit card.

 

Where to buy Doge in UK?

Etoro and Coinbase are one of the most trustworthy and easy platforms to invest in cryptocurrency and dogecoin online. They accept GBP payments via debit/credit cards and bank transfers. In addition, from the most brought to some of the most undervalued cryptos, all are available on these prominent exchanges, so you can diversify your portfolio while paying low fees and maintaining tight spreads.

 

eToro

eToro is approved and regulated by the FCA, making it a safe and secure option to acquire Dogecoin in the UK. eToro simplifies the Dogecoin investing process as well, thanks to its user-friendly website. Even if you’re a total beginner, you can purchase Dogecoin in the UK with eToro with no difficulty.

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

 

Coinbase

Coinbase is a cryptocurrency exchange established in the United States with over 70 million users. To get started, you’ll need to create a verified account, which will involve some basic personal information as well as a copy of your passport or driver’s licence. After that, you may use a Visa or MasterCard to purchase Dogecoin in the United Kingdom.

If you use Coinbase to buy Dogecoin, you’ll also be able to invest in more than 50 other cryptocurrencies. From Ethereum Classic, Litecoin, and Shiba Inu to Bitcoin, Decentraland, and Cardano, this contains everything. Coinbase’s minimum investment is only £2, which explains why the exchange is so popular among novices. Coinbase also offers excellent security and trust, as well as a mobile app that links to your primary account. 

 

How to Buy Dogecoin UK – Quick Steps

Step 1- Choose a crypto exchange application eg eToro

Step 2: Choose a transaction method

One you have registered with the application deposit funds from wither your bank account or credit card.

Step 3: Buy “DOGE”

Type “DOGE” in the search bar of the application and start trade.  One you have purchased DOGE store it in your wallet. 

You are ready to launch now!

 

Why Should You Purchase Dogecoin?

Let’s look at two major advantages of having DOGE if you’re wanting to purchase Dogecoin in the UK right now:

 

Strong Support from the Community

Dogecoin’s success has been attributed to the coin’s remarkable community support. With  3 million users on Reddit, and the digital currency is regularly referenced on other prominent subreddits. In addition, Dogecoin tends to gain when the price of other meme currencies (such as Shiba Inu) rises. Because of the massive backing from retail traders, DOGE has the potential to go on another bull run in the future.

 

Potential Returns

You might want to consider purchasing Dogecoin UK for the opportunity to outperform the market. The price of DOGE has increased by more than 40% in just two weeks. Small price swings can create big gains according to Dogecoin’s token structure.

Hope this article helped you understand and make the best choices while trading and buying DOGE in UK.