How to buy Dogecoin 2021? Our guide to buying DOGE safely and cheaply.
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How to buy Dogecoin 2021? Our guide to buying DOGE safely and cheaply.

Since December 2013 there is a very special online currency: Dogecoin. Here you can find out how and where to buy Dogecoin!

Furthermore, what exchanges are there and whether DOGE Coins can also be obtained with PayPal, SOFORT-Überweisung and Co.

Buy Dogecoin: What should you look for to buy Dogecoin cheap and safe?

The currency, which was invented as a joke, became more and more serious. Especially since the IPO and the fact that you can actually buy on the Internet with DOGE, it is clear that it is no longer a joke. When buying, you should pay attention to the following factors:

  • Where is the best place to buy Dogecoin? We recommend the online broker Libertex.
  • Do I want to hold Dogecoin for the long term or actively trade? That depends on your own trading strategy.
  • How does a Dogecoin wallet work? A wallet usually stores cryptocurrencies. However, if you use the Libertex offer, you can do without this additional feature.
  • Is Dogecoin worth investing in? Like many cryptocurrencies, Dogecoin is currently experiencing an all-time high. High returns cannot be ruled out in the future either.

Where to buy Dogecoin cheap? Our comparison of brokers and exchanges – buy Dogecoin with the lowest commissions:

How to buy dogecoin with euros? Dogecoin buying guide for beginners:

At this point, we are going to dedicate ourselves to a complete guide on how to buy Dogecoin. We have chosen Libertex as the best broker for this. The provider impresses with an excellent trading portfolio, great user-friendliness and an EU license.

Libertex is one of the few brokers in the industry that also offers Dogecoin.

Step 1: Register with a cryptocurrency broker or exchange

Before we can buy our first Dogecoin coins, we need an account. Registering with Libertex is fairly straightforward and should take only a few minutes to complete. However, it should be noted that all information needs to be verified afterwards.

The usual suspicious data is given, such as name, address, telephone number and also email address. Fill in the details and then choose a password. Then quickly confirm the terms and conditions and the registration is complete.

 

Second step: Buy Dogecoin with credit card, instant transfer and more

 

Of course, for an investment in Dogecoin you first need credit on your own account. This can be completed in various ways. This is particularly convenient, for example, via credit card.

But also with Sofortüberweisung, Skrill, Neteller or other payment methods you contribute money to the platform.

Payment option

Is it possible?

Buy Dogecoin with a credit card

 

Buy Dogecoin with PayPal

 

Buy Dogecoin by bank transfer SOFORT

 

Buy Dogecoin with Giropay

 

Buy Dogecoin with Skrill

 

Buy Dogecoin by bank transfer

 

Buy Dogecoin with Neteller

 

Buy Dogecoin with other payment methods

 

Step three: Buy cheap Dogecoin online

 

Now we can buy Dogecoin. At Libertex, cryptocurrency trading works with the help of so-called CFDs. Thus, the cryptocurrency is offered as a DOGE currency pair with the US dollar. It is therefore very important to note that the value is not self-acquired, but only speculated on the price development.

This has the advantage that you do not need your own portfolio. However, an increase in risk is also to be expected.

First, type “Dogecoin” or the abbreviation “DOGE” in the search box. This will take you to the description page of the cryptocurrency. Now click on the “trade” button in your account. At the same time, a new window will open in which you can complete the trade.

Thus, as an investor, you are immediately offered different investment possibilities.

  1. Buy or sell: In our case we have to put “buy”.
  2. Operation or order: Here you can choose whether you want to execute the operation immediately (operation) or with delay (order).
  3. Quantity: The quantity of DOGE you wish to purchase.
  4. Stop Loss and Take Profit: At what loss or profit the position should be automatically sold.
  5. Leverage: With what leverage you want to buy Dogecoin. Caution: This can quickly lead to a huge increase in risk.

Once you have set everything up, you can finally “open the operation”.

Should you buy Dogecoin or not? Our reasons for buying

It is not easy to say whether Dogecoin is worth investing in. In general, the cryptocurrency market is subject to large fluctuations, so you should not choose your investment lightly. Of course, this also applies to the friendly Dogecoin. On the other hand, Dogecoin’s strong community and relatively long history make it a low-risk investment compared to other cryptocurrencies.

Dogecoin is not a deflationary currency, but an inflationary one. This and the fact that many people invest in Dogecoin just for fun makes it a less attractive investment option: you are not likely to get rich here. On the other hand, unlike most other cryptocurrencies on the internet, Dogecoin is actively used to donate to projects and therefore serves a concrete purpose, not just a hypothetical one. This gives it many advantages over the others.

So if you want to try something and feel like being part of a friendly and humorous crypto community, Dogecoin is an interesting option.

Buy or sell Dogecoin? Our pros and cons analysis:

  • Large community
  • Concrete use cases
  • lots of fun
  • Inflationary currency
  • Don’t expect great results

Buy Dogecoin in Germany

As an investor, you have several options to buy Dogecoin in Germany.

We recommend CFD trading through Libertex for Dogecoin trading in Germany. At Libertex you have a wide range of deposit options (including PayPal) and you can start trading Dogecoin in no time without having to worry about cryptocurrency wallets and exchanges. Due to the simplicity and the many deposit options, we recommend Libertex for your Dogecoin trading.

You can also buy Dogecoin in the traditional way through a crypto exchange such as Binance, Kraken or Bitpanda. To do this, you must create an account on the exchange and deposit money into your account via bank transfer or credit card.

In addition, when you buy Dogecoin on cryptocurrency exchanges, you can deposit another cryptocurrency such as Bitcoin or Ethereum into your cryptocurrency exchange wallet and exchange it for Dogecoin there.

However, going through a crypto-exchange is much more cumbersome than trading on Libertex and is only worthwhile if you want to hold Dogecoin for the long term.

Buy Dogecoin in Austria

If you want to buy Dogecoin in Austria, there are several options available to you.

The best way to buy Dogecoin, in our opinion, is to trade CFDs through Libertex. At Libertex, you can open an account and start trading Dogecoin in no time. To do so, you just need to create an account at Libertex and deposit money into your account. Libertex offers you many deposit options and low commissions when trading Dogecoin.

Like any other cryptocurrency, you can buy Dogecoin on one of the cryptocurrency exchanges. To do so, you must register with an exchange and deposit money into your account or transfer another cryptocurrency to your exchange wallet. Examples of trading places to buy Dogecoin are Binance, Kraken or Bitpanda.

However, buying Dogecoin through a cryptocurrency exchange is much more complicated and therefore not recommended.

 

Buy Dogecoin in Switzerland

If you want to buy Dogecoin in Switzerland, there are several ways to do so. You can trade Dogecoin CFDs through Libertex or buy Dogecoin on one of the crypto exchanges.

The best way to trade Dogecoin in Switzerland is through Libertex. To trade, you need to open a Libertex account and deposit money into your account. Here you can start trading Dogecoin within minutes. Due to the ease of use and quick setup, we recommend this way of trading Dogecoin.

However, like Bitcoin and all other cryptocurrencies, you can also buy Dogecoin on a cryptocurrency exchange. To do so, you must deposit money into your account at an exchange such as Binance, Kraken or Bitpanda and you can buy Dogecoin directly there. In addition, you have the option to send other cryptocurrencies to your exchange wallet and thus exchange other cryptocurrencies for Dogecoin.

However, trading Dogecoin on cryptocurrency exchanges requires more effort and that is why we recommend Libertex for Dogecoin trading.

 

The most important about Dogecoin: Moon Dogecoin, Dogecoin Mining etc.

The US cryptocurrency Dogecoin has been in existence since 6 December 2013. Dogecoin (DOGE) borrows its name from the famous internet meme: the Doge, a Japanese Shiba Inu dog. Although its developers called it a “joke currency” and it was originally intended as a humorous parody of the Bitcoin hype, Dogecoin skyrocketed after its IPO. Just two weeks after its launch, Dodgecoin was the ninth largest cryptocurrency in the world in terms of market capitalisation, and just under a year later the coin was already in fifth place.

Unlike Bitcoin, Dogecoin has hardly established itself as a means of payment in the public sphere. On the other hand, the cryptocurrency is often used by its community to distribute donations to content creators or projects that they consider worthy of support or attention. On many platforms where you can buy Bitcoin, you can also buy Dogecoin.

Dogecoin mining of these coins is only possible through a mining pool. These provide computing power to decipher a block from a blockchain. However, to do this, you need a Dogecoin wallet. How you get there you will find out later in the text. Once you have a wallet and have joined a mining pool, you can simply download a Dogecoin miner and start mining.

Since its launch in 2013, it is hard to imagine the charts without the coin: after the boom of the last few years, during which several new cryptocurrencies were launched, Dogecoin still ranks 37th in terms of market capitalisation. Despite its success, the developers and their community have lost none of their sense of humour: they are currently collecting donations for a manned lunar mission on Reddit.

Buy Dogecoin now on Libertex

  • Very good cryptocurrency broker
  • State-regulated corridor
  • Rapid deposit and withdrawal
  • Fair rates
  • 14 other cryptocurrencies

 

What are the commissions when I want to buy Dogecoin?

Consider the following example when buying Dogecoin:

  • We buy 1,000 euros in Dogecoin
  • We hold our Dogecoin for 30 days and then sell it again.
  • For the sake of simplicity, let us assume that the rate does not change during the 30 days.

With these premises in mind, we now turn to the tariffs charged by the major providers.

Prestataire

Libertex

Plus500

Capital.com

Dépôt

free of charge

free of charge

free of charge

Purchase price

2,20 €

3,08%

0,1%

Frais de participation

variable

0,05%

free of charge

Selling price

2,20 €

0,05%

0.1,%

Payments

free of charge

3,08%

free of charge

Total frais

approx. 4.60 Euro

92,32 €

10 €

It should be noted that trading commissions in the cryptocurrency area at Libertex (as well as at many other brokers) are by no means fixed. It is rather a variable interest rate. However, if you compare the provider with many other brokers in the industry, you will see that the rates are absolutely competitive. This is also true when buying Dogecoin.

Is it possible to buy Dogecoin with Paypal?

Many investors appreciate the ease of use of PayPal and would therefore also like to buy Dogecoin with PayPal. Thanks to Libertex, buying Dogecoin via PayPal has recently become possible. The possibility to buy Dogecoin with PayPal clearly differentiates Libertex from the competition and makes it easier for you to trade Dogecoin.

Unlike other cryptocurrency brokers or exchanges, you no longer have to take the cumbersome route through a bank transfer or credit card payment, but can simply start trading through PayPal and don’t have to deal with confusing exchange wallets and user interfaces.

Therefore, for easy trading of Dogecoin, we recommend Libertex.

 

Dogecoin on eToro, Trade Republic or Comdirect?  Why we recommend Libertex as an alternative

Unfortunately, the Dogecoin cryptocurrency cannot be bought at popular brokers such as eToro, Trade Republic or Comdirect. However, there is a way to trade Dogecoin through a broker.

For trading Dogecoin we recommend the broker Libertex. At Libertex, it is possible to trade Dogecoin and many other cryptocurrencies and other asset classes are also available. Registration at Libertex is very easy and you can start trading Dogecoin after a short time. A big advantage of Libertex is the deposit via PayPal.

Buy the Dogecoin application

Dogecoin trading is also possible via the app with some providers. If you want to buy Dogecoin in the traditional way, the apps of cryptocurrency exchanges such as Binance or Kraken offer you the opportunity to do so. Here you can deposit money via bank transfer or credit card and buy Dogecoins with it. Of course, you can also transfer other cryptocurrencies to your exchange wallet and buy Dogecoin with it.

However, you can also trade Dogecoin on the Libertex app. Libertex offers you an easy-to-use trading platform with many deposit options for Dogecoin CFD trading.

All applications are available on both the Apple App Store and the Google Play Store.

 

Dogecoin trading: Investing in Dogecoin for the long term or trading CFDs?

The price of Dogecoin is subject to large fluctuations. Therefore, cryptocurrency investors can always find opportunities for large profits through short-term trading.

  • Due to the large fluctuations, Dogecoin is rather unsuitable for long-term investment. In addition, there are better alternatives for long-term investment in the cryptocurrency market, such as Bitcoin, Ethereum or Cardano and IOTA.
  • For short term trading on Dogecoin, we recommend trading CFDs on Libertex. By trading CFDs you can invest in the short term performance of Dogecoin and can profit from rising or falling prices. With Libertex you don’t have to buy Dogecoin in a cumbersome way through one of the cryptocurrency exchanges and you can start trading in no time.

Dogecoin wallets: Which wallets are useful for post-purchase storage?

In general, a wallet is always the safest place to store cryptocurrencies. If, on the other hand, coins and tokens are stored in an exchange, access to them may be lost, for example in the event of a hacker attack or if a broker becomes insolvent.

The use of a wallet is not necessarily more complicated than the handling of common exchange platforms. Therefore, a wallet is recommended in any case.

However, the use of a wallet to trade Dogecoin is not mandatory. If you use the CFD broker Libertex, you do not need your own wallet, because here you trade Dogecoin CFDs. So you trade with a currency pair that is visible in the account.

However, real DOGE coins will not be available then. Traders should ask themselves what their investment objective is. If you want to be part of the network, CFD exchanges are of little use. Then you have to choose a cryptocurrency exchange that also offers tokens for sale.

This is definitely associated with a certain amount of effort. However, this can also be worthwhile, especially if long-term investment objectives are pursued. Finally, CFDs can also lead to maintenance and monitoring costs that can be avoided with a direct investment.

The volatility Dogecoin exhibits also offers active traders numerous opportunities that can also be used without a portfolio. So in the end it is really a fundamental decision of the trader.

 

Dogecoin rate

Current price in USD

0,05082$

Current price in euro

0,04€

Total market value in USD

$6.533.426.392

Total market value in euro

5.378.969.600 €

Price change in the last 24 hours.

-4,29%

Updated

18.02.2021 at 09:00

Dogecoin historical course: Important milestones in the history of Dogecoin

The cryptocurrency has had its share of ups and downs. Here are the most important milestones in Dogecoin’s history.

  1. In January, the Dogecoin community raised Dogecoins worth around €30,000 for the Jamaican bobsleigh team’s participation in the Olympic Games. As a result, the price of Dogecoin rose by around 50%.
  2. The first wave of the cryptocurrency boom is sweeping through the market, causing Dogecoin to move higher for a short period of time. Thus, the price of Dogecoin briefly rose by 80%.
  3. Like Bitcoin, Dogecoin has also been affected by the incredible rise of cryptocurrencies. The price of Dogecoin rose by an incredible 1633% at the end of 2017! However, as with Dogecoin, the bubble burst and let the short fall back down quickly.
  4. The March 2018 hardfork pushes the price up again. This time, the price of Dogecoin briefly rises by 70%.
  5. A major asset has been added to Dogecoin that now facilitates payment with the DOGE coin. In addition, the wallet was launched, which gave Dogecoin a 200% increase.
  6. In April 2019, Elon Musk reported that Dogecoin is his favourite cryptocurrency. This comment alone caused the price of Dogecoin to rise by 150%.
  7. A TikTok trend takes Dogecoin to a new high in July 2020. This is simply showing the current price of Dogecoin and talking about it. This trend caused Dogecoin to rise steadily by 40%.

 

Is Dogecoin worth investing in or not?

The question of whether it is worth investing in Dogecoin cannot be answered in a generalised way. However, for you as an investor, there are a few reasons that can speak in favour of an investment in Dogecoin.

Investing in Dogecoin can be quite rewarding for you as an investor. In the period between March 2020 and March 2021, the value of Dogecoin increased almost 25-fold, so it would have been an exceptional investment.

An investment of €1,000 in March 2020 would have become almost €25,000 today. This development shows the potential of Dogecoin investments.

Although Dogecoin is a so-called meme coin, investors can make a profit with this investment.

 

With Dogecoin, the timing of buying and selling matters most. For example, if Dogecoin is bought before a big media event, such as a tweet from Elon Musk, and sold at the height of the event, investors can achieve high returns.

Trading is speculative, but the high risk also gives rise to great profit opportunities. Especially due to high price fluctuations, there are always good entry opportunities for investors to make large short-term profits.

Alternatives to buy Dogecoin: Other cryptocurrencies or Dogecoin shares

If you want to invest in Dogecoin for the long term, we recommend the CFD broker Libertex. In the future, it can be assumed that the price of DOGE will continue to rise and it will soon be possible to buy the real coins on the platforms.

So if you want to buy real coins or are looking for alternatives, you’ll find what you’re looking for here:

Alternative 1: Opportunities in cryptocurrencies

Apart from that, there are other cryptocurrencies that definitely have potential:

  • Buy Bitcoin: The top dog among cryptocurrencies, it is considered by many to be the “digital gold” and one of the most stable cryptocurrencies.
  • Buying Ripple: With the support of many banks, Ripple is a good alternative to Dogecoin.
  • Buy Ethereum: Ethereum is the solution for smart contracts and takes a very similar approach to Dogecoin.

Alternative 2: Dogecoin shares

Another alternative is crypto-stocks, such as Dogecoin shares: chipmakers, mining companies and even the Bitcoin group have posted strong gains so far.

  • Bitcoin stocks: For those who believe that Bitcoin will outperform Dogecoin, Bitcoin stocks are a good option.
  • NVIDIA shares: NVIDIA produces important graphics chips especially for mining – if the cryptocurrency boom continues, NVIDIA is certainly a good investment.

How to buy Dogecoin – Frequently asked questions

How to invest in Dogecoin?

Dogecoin can be purchased for real money via Sofortüberweisung, SEPA and other payment methods on the platforms described above. Dogecoin can currently be traded as a CFD on Libertex.

 

Can I buy Dogecoin with a credit card?

At Libertex you have the possibility to deposit money into your account by credit card.

 

Is it possible to trade Dogecoin with Paypal?

Buying Dogecoin with Paypal is best done at Libertex.

 

Will the value of Dogecoin continue to rise?

Only time will tell. Expert opinions differ widely in this case. However, through buy and sell orders, you can determine for yourself whether you prefer to bet on rising or falling prices.

Since Dogecoin is primarily a fun project, you should not expect to get rich with DOGE. But at least: as soon as the market as a whole starts to grow again, Dogecoin will most likely benefit from it.

 

Do I need a Dogecoin wallet?

When investing in Dogecoin through the broker Libertex, there is no need for an additional wallet as Libertex already offers a built-in wallet.

 

Can I use my Bitcoin wallet?

This depends on whether your wallet also supports the Dogecoin cryptocurrency. If in doubt, it is recommended to ask the provider directly.

However, most wallets now support multiple currencies.

 

What is the best way to invest in Dogecoin?

We recommend buying Dogecoin through Libertex. Buy Dogecoin with Sofortüberweisung or SEPA, uncomplicated and fast: that’s hard to beat. Other cryptocurrencies can also be traded here. For example, you can also buy Ripple or buy Ethereum here.

 

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