DeutschDogecoin: Meanwhile, even many laypersons and people who have nothing to do with cryptocurrencies have heard of this digital currency. This is not surprising when you consider the incredible price rally of the coin with a dog as its logo. Dogecoin not only has media recognition value, but is also the favorite currency of the richest man in the world, Elon Musk. The Tesla CEO celebrates Dogecoin and the self-proclaimed “Dogefather” doesn’t even try to hide that. If you want to buy Dogecoin, we will show you our top 3 providers to invest in DOGE below.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies. PayPal deposit possible. Extra: 10 Euro bonus when registering via CoinPro.ch
Regulated provider from Austria - specializing in trading Bitcoin, Ethereum, stocks and many other assets.
CFDs and real stocks in a trading platform with free deposits and no conditions - that's XTB.
What is Dogecoin?
Dogecoin is a cryptocurrency that was originally created in 2013 as a parody of Bitcoin and the then emerging wave of new cryptocurrencies. The developers used the Litecoin blockchain as a basis. Dogecoin is therefore a hard fork of Litecoin.
Dogecoin is a classic cryptocurrency that can be used as a means of payment. In fact, some companies have already introduced Dogecoin as a means of payment – among other things, you can buy Tesla merchandise with Dogecoin.
Initially, Dogecoin was limited to a total of 100 billion coins. In the meantime, the limitation has already been lifted. Since then, approximately 5.3 billion DOGE have been added annually. This could change in the future with the switch to the Proof-of-Stake method.
Where Can I Buy/Sell Dogecoin?
Since Dogecoin is one of the leading cryptocurrencies on the market, there are now numerous trading platforms that allow you to buy Dogecoin (DOGE). On the whole, we divide these into two different trading platforms: crypto exchanges and crypto brokers. Both types of trading platforms have their advantages. We will take a closer look at this below.
Buy/Sell Dogecoin with a Crypto Broker
Trading platforms that are easy to use and at the same time take over the more complicated topics such as the custody of Dogecoin are particularly suitable for beginners and laypersons in the cryptocurrency sector. In our opinion, a crypto broker is therefore the ideal platform to buy/sell Dogecoin as a beginner. However, please note that with a broker you usually do not buy the cryptocurrency in real, but only speculate on a rising or falling price.
In this case, it is so-called Dogecoin CFDs. If you want to invest in Dogecoin in order to profit from a possible price increase, the purchase/sale of DOGE CFDs is the easiest way anyway. CFDs are certificates that reflect the price of Dogecoin.
The most popular crypto brokers include XTB, Bitvavo or Bitpanda. The Bitpanda trading platform, based in Austria, is also often used in German-speaking countries to buy Dogecoin.
Buy Dogecoin on a Crypto Exchange
Alternatively, you can buy Dogecoin on a crypto exchange. While with a crypto broker you usually bet on the price of a cryptocurrency and do not trade directly with other users of the platform, this is different with a crypto exchange.
If you buy Dogecoin on a crypto exchange, you benefit from various order types, the use of which is a bit more complicated, especially for beginners. In addition, the user interface of a crypto exchange is not quite as user-friendly.
A point not to be neglected with crypto exchanges is regulation and security. In contrast to the many crypto brokers, many crypto exchanges in the EU are not yet officially approved and regulated. In addition, you have to take care of the custody of the coins yourself at a crypto exchange. A little know-how is necessary here, which hardware wallets receive. So, should you decide to buy Dogecoin on a crypto exchange, you should make sure that you can take over the custody yourself.
In our opinion, Binance is one of the best crypto exchanges to buy Dogecoin. Binance is not the largest crypto trading platform in the world for nothing – measured by trading volume.
Bitvavo, one of the leading exchanges from Europe (Netherlands) with a large selection of cryptocurrencies and staking. Extra: When you register via CoinPro.ch, you will receive a 10 Euro welcome bonus - plus no trading fees in the first week.
Payment options
Pro
- European provider
- Security concept
- Selection of currencies
- Staking: Earn interest with crypto
- Savings plan function
Contra
- No Education Program
- App with a smaller range of functions than in the browser
97%
5.0 out of 5.0 stars5.0
Sehr gut
Verified provider
Long-standing expertise
Transparent selection
Regulated platform
Buy Dogecoin with PayPal, Credit Card and Instant Transfer (Klarna)
An important point when deciding on the right trading platform is the number of deposit options that the platform offers you. The normal bank transfer as a payment method is long outdated. Therefore, the best crypto exchanges offer numerous deposit methods.
Hardly any payment service provider has been able to establish itself internationally as much as PayPal. This is not surprising when you consider how easy and secure it is to pay with PayPal. If you are looking for the right provider to buy cryptocurrencies such as Dogecoin, it is worth taking a look at Bitvavo.
Bitvavo combines the most important payment methods such as PayPal, instant transfer (Klarna) or Giropay. and also offers not only the purchase of crypto CFDs, but also of physical cryptocurrencies. XTB is also ideal for those who want to use an all-in-one platform to bundle all investments. In addition to cryptocurrencies, you can also invest in stocks, ETFs, currencies and commodities.
Is an Investment in Dogecoin Worthwhile in 2022?
The crypto market is incredibly volatile. The price of the meme currency had reached a price of 0.7376 US dollars in 2021. Meanwhile, Dogecoin is trading around 80 percent below its previous all-time high.
On the one hand, this shows the great potential of Dogecoin and, on the other hand, of course, the danger that can be associated with an investment in Dogecoin. However, there are currently some developments that make many investors optimistic.
Among other things, this is the introduction of Dogecoin as a means of payment in Tesla’s online shop for merchandise and accessories. At the same time, the Dogecoin Foundation has published a roadmap for the first time since its foundation, the Dogecoin Trailmap, to increase the benefits of Dogecoin.
Therefore, it could be worthwhile in the future to buy cryptocurrencies such as Dogecoin if you believe in a mass adoption of Dogecoin through the further development of the protocol. However, as with all other investments, you should only invest the money that you are already willing to lose.
