How to buy Dogecoin with PayPal

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by Analytics Insight


March 28, 2022

Although there have been ups and downs in recent months, investors continue to buy Dogecoin as much as ever

How to buy Dogecoin with PayPal

Since the start of 2021, Dogecoin has recorded an outstanding performance that has caught the attention of almost every crypto enthusiast in the community. Although there have been ups and downs in recent months, investors continue to buy Dogecoin as much as ever.

Although there are many ways to invest in Dogecoin, in this article we will focus on one of the most popular payment methods in the world – PayPal.

Let’s go over some of the basic features of this interesting crypto and explain how to buy Dogecoin with PayPal.

How To Buy Dogecoin With PayPal 2022 – Overview

In case you don’t have enough time to go through our entire guide, here is a quick overview of how you can buy Dogecoin through PayPal.

Follow these simple steps and make your investment in minutes:
  • Step 1: Create an eToro account – Go to the official eToro website and press “Join now” to create an account. Fill in the necessary information such as email, name, phone number, etc., and verify the account using a photocopy of your passport/driver’s license.
  • Step 2: fund your account with PayPal – To fund your new account, click “Deposit Funds” and select PayPal as the deposit option. Follow the instructions to connect your PayPal account and enter the amount you wish to transfer.
  • Step 3: Buy Dogecoin – Use the search box and type ‘DOGE’ to find the crypto. Then click “Exchange” and enter the amount of DOGE you want to buy. To finalize the purchase, press ‘Open Trade’.

>>Find Dogecoin on eToro

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

What is Dogecoin – Overview

Dogecoin is often considered the “leader” of meme coins. It was launched in 2013 as an open source P2P currency. Interestingly, the main idea behind it was to serve as a “sarcastic” alternative to Bitcoin.

Both the Dogecoin name and logo are based on the Shiba Inu dog, one of the most popular internet memes.

Even though the project started out as a joke, there are some use cases when it comes to its blockchain. For example, unlimited supply and low price are great perks.

While the early years of Dogecoin were not very promising, things changed in 2021 when the price of a single token suddenly skyrocketed. This was mainly due to endorsements from influential entrepreneurs like Elon Musk, Mark Cuban and Snoop Dogg.

The price of Dogecoin reached its all-time high in May 2021, but since then it has undergone a series of reductions. Nonetheless, the developers have announced some pretty exciting plans for 2022 which have attracted many investors looking to make a profit in the following months.

>>Find Dogecoin on eToro

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Dogecoin Price Prediction

Since Dogecoin is essentially a meme coin that does not bring much utility to holders, the growth of this currency will mostly depend on how much support it receives from social media influencers.

However, as we said, the developers announced the release of several new features that would improve the usefulness of the token. For example, one of the main goals is to make Dogecoin a suitable payment alternative for users around the world.

Furthermore, Elon Musk announced that his company will launch a space mission funded by Dogecoin somewhere in the first half of 2022, which will inevitably increase its value.

That said, a reasonable Dogecoin price prediction for 2022 would be to end the year somewhere around $0.3.

In the long term, we can expect Dogecoin to reach an all-time high of $2.5-$3 within the next few years, likely by the end of 2026.

Of course, all of this will depend on the volatility of the crypto market and whether there are any new significant impacts. For example, the Coronavirus was something that no expert could have predicted.

>>Find Dogecoin on eToro

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Advantages of buying Dogecoin with PayPal

When purchasing Dogecoin, users have tons of different payment methods to choose from. However, buying DOGE with PayPal has some benefits that other options simply don’t include.

Let’s review these benefits.

Fast deposits/withdrawals

The main advantage of PayPal is that users can make deposits and withdrawals almost instantly. For the fast-paced world of crypto, many traders find this feature extremely important, especially when they notice new opportunities and want to take advantage of them immediately.

Advanced security measures

One of PayPal’s main trademarks over the years has been stellar security measures. The high quality data encryption system makes accounts hacker-proof.

Supports many currencies

With over 25 currencies supported on PayPal, users have great flexibility when it comes to buying Dogecoin profitably. PayPal makes it easy to receive payments in dollars and then exchange them for euros, with just a few clicks.

>>Find Dogecoin on eToro

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Where to buy Dogecoin with PayPal

Considering the fact that PayPal is one of the most popular online payment platforms, it’s no surprise that almost every crypto exchange has it. However, not all exchanges offer the same products. For more detailed information, read this amazing guide on how to buy dogecoin 2022.

Here is a list of the best crypto exchanges that you can use to buy Dogecoin with PayPal.

>>Find Dogecoin on eToro

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

eToro – Best Overall Exchange for Buying Dogecoin with PayPal

When it comes to features, fees, and other factors, eToro stands out as the best crypto exchange platform by far.

In terms of security, eToro is regulated by some of the major organizations such as FinCEN, FCA, CySEC, FINRA and ASIC.

However, the main advantage of eToro is the ridiculously low fees. The platform incorporates a spread-based system, which means that no transaction fees are charged for opening a trade. For doge trading, both parties pay a small amount, which is around 0.75%.

Not only that, but deposits are also free, with the minimum deposit being $50 for new users – a very low price compared to the industry average.

>>Find Dogecoin on eToro

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Binance – The Largest Selection of Assets

The second best platform to buy DOGE with PayPal is Binance. With the largest collection of assets in the industry, users can choose from over 500 crypto assets to invest in.

There are also many advanced features such as charting tools and technical price indicators. However, when it comes to fees and security, Binance does not offer many advantages over eToro.

Coinbase – Best Educational Resources

For beginners looking for educational resources on how to start crypto trading, Coinbase may be the perfect fit. With over a hundred reading materials and video guides, there aren’t many platforms that can compare to Coinbase in this regard.

The main disadvantage of Coinbase is the price. Apart from fixed spread fees for DOGE transactions, the platform also charges fixed fees based on users’ trading volume.

How to Buy Dogecoin with PayPal – Step by Step Guide (eToro)

Dogecoin

Finally, let’s go over a more detailed guide on how to buy Dogecoin with PayPal. As we said, eToro is the best option for this business and it is the crypto exchange that our guide will focus on.

>>Find Dogecoin on eToro

Crypto-assets are a highly volatile unregulated investment product. No investor protection in UK or EU.

Here are the steps you can follow to buy Dogecoin with PayPal in no time.

Step 1 – Create an eToro account

If you don’t have an eToro account yet, you can go to their official website and click “Join Now” to create one.

Fill in personal information such as your name, phone number, address, date of birth and provide a valid email.

The platform is very strict on AML regulations, which is why you will also need to upload a photocopy of your driver’s license or passport under the “Full Profile” menu to verify the account.

Verification only takes a few minutes, and then you’ll be good to go.

Step 2 – Fund your account with PayPal

Open the main eToro dashboard and click on “Deposit”. Select PayPal as your desired payment method, which you can find in the small drop-down menu in the right corner of the screen.

You will see detailed instructions that you need to follow to connect your PayPal account to eToro. After you are done, you can enter the amount of money you want to transfer (minimum is $50).

Step 3 – Buy Dogecoin

The last step – buy your first DOGE!

Use the search bar in the left corner and type “Dogecoin” to find the token. Next, click “Exchange” and enter the exact amount of DOGE you wish to purchase (minimum is $10).

Check again if everything is correct and complete the purchase by clicking on “Open a transaction”.

How to Buy Dogecoin with PayPal – The Takeaway

Finding the right way to buy Dogecoin with PayPal can sometimes be a bit confusing, especially if you are a newbie trader. We hope this guide has helped you through the process and that you have now successfully purchased your first DOGE token.

Although it is not difficult to find a platform that integrates PayPal for Dogecoin purchases, it takes some time to find out which one offers the best deals.

Considering all the different factors, we recommend making the purchase through eToro. As one of the leading crypto trading platforms in the industry, eToro can be used by both new and experienced traders.

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