How to Buy Dogecoin on eToro – A Perfect Beginners Guide

Step 1: Create an eToro Account To start, visit the eToro website and click on the “Sign Up” button. Fill in the required information, including your name, email address, and chosen password, and then click on “Create Account.”

Step 2: Verify Your Account After creating your account, you’ll need to verify your identity by submitting a copy of your government-issued ID and proof of address. You can do this by following the prompts on the eToro website.

Step 3: Fund Your Account Once your account is verified, you can fund it with the desired amount of money. You can do this by clicking on the “Deposit Funds” button and choosing your preferred payment method.

Step 4: Find Dogecoin on eToro To buy Dogecoin, you need to search for it on the eToro platform. Type “Dogecoin” into the search bar, and it should appear on the list of available cryptocurrencies.

Step 5: Place Your Order Click on the “Trade” button next to Dogecoin, and a new window will open where you can place your order. You’ll need to specify the amount of Dogecoin you want to buy, and then click on “Open Trade” to complete the transaction.

Step 6: Monitor Your Investment After buying Dogecoin, you can monitor its price and value through your eToro account. You can also sell your Dogecoin at any time by opening a trade and specifying the amount you want to sell.

Overall, eToro is a user-friendly platform for buying and selling cryptocurrencies, and with these simple steps, you should be able to buy Dogecoin with ease. However, it’s important to remember that cryptocurrency investments are inherently risky and can be highly volatile, so you should always do your research and never invest more than you can afford to lose.

Step 1: Create an eToro Account Visit the eToro website and click on the “Sign Up” button. Fill in your details, including your name, email address, and chosen password, and then click on “Create Account.”

Step 2: Verify Your Account After creating your account, eToro will ask you to verify your identity by submitting a copy of your government-issued ID and proof of address. You can do this by following the prompts on the eToro website.

Step 3: Fund Your Account Once your account is verified, you can fund it with the desired amount of money. Click on the “Deposit Funds” button and choose your preferred payment method. You can deposit funds using a variety of payment options, including credit/debit cards, bank transfers, and e-wallets.

Step 4: Search for Dogecoin After funding your account, you can now search for Dogecoin. Type “Dogecoin” into the search bar, and it should appear on the list of available cryptocurrencies.

Step 5: Buy Dogecoin Click on the “Trade” button next to Dogecoin, and a new window will open where you can place your order. In this window, you can select the amount of Dogecoin you want to buy and the type of order you want to place.

You have two options: “Market Order” and “Limit Order.”

• A market order will buy Dogecoin at the current market price, which is the price at which other people are currently selling their Dogecoin.
• A limit order allows you to set a specific price at which you want to buy Dogecoin. If the market price of Dogecoin reaches that price, eToro will automatically execute your order.

Once you have selected the type of order you want to place and the amount of Dogecoin you want to buy, click on “Open Trade” to complete the transaction.

Step 6: Monitor Your Investment After buying Dogecoin, you can monitor its price and value through your eToro account. You can also sell your Dogecoin at any time by opening a trade and specifying the amount you want to sell.

That’s it! Buying Dogecoin with eToro is a relatively simple process, but as with any investment, it’s important to do your research and only invest what you can afford to lose.

Step 1: Log in to your eToro Account Go to the eToro website and log in to your account using your email and password.

Step 2: Find Dogecoin on the eToro Platform Once you’ve logged in, you need to find Dogecoin on the eToro platform. You can do this by typing “Dogecoin” in the search bar, and it should appear on the list of available cryptocurrencies.

Step 3: Open the Sell Trade Window Click on the “Sell” button next to Dogecoin, and a new window will open where you can place your order. In this window, you can specify the amount of Dogecoin you want to sell and the type of order you want to place.

Step 4: Select the Type of Order You Want to Place You can choose from two types of orders when selling Dogecoin on eToro: a market order or a limit order.

• A market order will sell your Dogecoin at the current market price, which is the price at which other people are currently buying Dogecoin.
• A limit order allows you to set a specific price at which you want to sell your Dogecoin. If the market price of Dogecoin reaches that price, eToro will automatically execute your order.

Step 5: Confirm the Sale Once you have selected the type of order you want to place and the amount of Dogecoin you want to sell, click on “Open Trade” to complete the transaction. eToro will show you a summary of your order, including the transaction fees and the total amount you will receive.

Step 6: Monitor Your Investment After selling your Dogecoin, you can monitor your investment’s value through your eToro account. You can also buy Dogecoin at any time by opening a trade and specifying the amount you want to buy.

That’s it! Selling Dogecoin on eToro is a simple process, and you can sell your Dogecoin at any time by following these steps. However, it’s important to remember that cryptocurrency investments are inherently risky and can be highly volatile, so you should always do your research and never invest more than you can afford to lose.

The cost of buying Dogecoin on eToro includes several fees. Here’s a breakdown of the fees you can expect to pay:

1. Spread: eToro charges a spread, which is the difference between the buy and sell price of Dogecoin. This is the main way eToro makes money on Dogecoin trades. The spread can vary depending on market conditions, but it’s typically around 2-3%.
2. Overnight Fees: If you keep your Dogecoin position open overnight, eToro will charge you an overnight fee. The overnight fee varies depending on the cryptocurrency and market conditions.
3. Deposit and Withdrawal Fees: eToro charges fees for depositing and withdrawing funds. The fees vary depending on the payment method you use, but they’re typically around 0.5-2% of the transaction amount.
4. Inactivity Fees: eToro charges an inactivity fee of $10 per month if you don’t log in to your account for 12 months or more.

It’s important to note that these fees can change over time, so it’s always a good idea to check the eToro website for the latest fee schedule.

Overall, the cost of buying Dogecoin on eToro is relatively low compared to other cryptocurrency exchanges, especially when you consider the platform’s user-friendly interface, security measures, and regulatory compliance.

While there are fees associated with buying and selling Dogecoin on eToro, they are relatively low compared to other cryptocurrency exchanges. Additionally, eToro is a user-friendly platform that offers advanced security measures, regulatory compliance, and a range of trading tools and features that can help you manage your Dogecoin investment effectively.

As with any cryptocurrency investment, it’s important to remember that Dogecoin is a highly volatile asset, and its value can fluctuate rapidly. Therefore, it’s essential to do your research, set realistic investment goals, and never invest more than you can afford to lose.