Dogecoin was launched in 2013 and is a meme-coin and among one of the most well-known digital currencies. It all started as a joke, it captured the attention of the digital world when a dog meme went viral on the Internet. It is the reason that the viral picture of a dog was used as the Dogecoin logo. Another term for it is “dog coin.” In this article, we’ll go through the best apps to buy Dogecoin UK. Dogecoin can be bought in a variety of ways but we will discuss a few apps that will help you easily buy Dogecoin.
Before we move forward, we will give a brief introduction to Dogecoin and its future.
What Is Dogecoin (DOGE)?
Dogecoin is a coin that was introduced as a copy of Bitcoin, the most popular cryptocurrency around the globe. It is the most common crypto coin nowadays, almost every crypto enthusiast is investing in it. Despite its ups and downs in recent months, Dogecoin lovers continue buying Dogecoin in a massive amount.
As said previously, Dogecoin was established as a result of a viral meme, it came out as a joke to criticize Bitcoin but the market took it seriously. It’s okay to invest in a virtual currency like Dogecoin with little money. Today everyone is shifting to Dogecoin after seeing the returns that Dogecoin is providing. Hence, DOGE is a good investment. As per market value and recognition, it is perhaps the most prominent meme cryptocurrency.
Many organizations now accept Dogecoin as a payment method, indicating that the coin has genuine value. The Robinhood platform listed Dogecoin as a meme coin with a daily volume of 132,670,764,300 DOGE coins, according to CoinMarketCap. Dogecoin appears to be a long-term winner due to its safer token supply and positive investor response.
DOGE Future
Dogecoin might benefit you in the coming years as many great crypto enthusiasts and investment companies have predicted that it has a bright future. If we talk about the future price of Dogecoin, the average selling price might be $63.89, whereas the lowest possible price estimate could be $55.68 in 2050. Several digital currencies, including Dogecoin, might break a significant high record in the future. The highest price is expected to be about $72.87. If present progress persists, we can consider the overall price of $63.89 in the coming decade. Dogecoin prices may reach a new milestone after such a perilous journey.
Disclaimer: The above prediction is not based on any expert’s advice and is not intended to be a piece of any financial advice. This information should not be taken as monetary or investment suggestions or any other type of advice.
Before you invest in Dogecoin, you must look at the apps to buy Dogecoin UK. Don’t worry we are going to make it easy for you by discussing a few platforms which allow you to buy Dogecoin in the UK.
Best Apps To Buy Dogecoin UK
1. eToro
The trading platform eToro is approved and authorized by the FCA, making it a suitable, reliable, and therefore the best place to buy Dogecoin in the UK. Many cryptocurrency exchanges can achieve this feat. eToro simplifies the Dogecoin investing as well, due to its user-friendly website and lack of complexity. Even if you’re a newbie, eToro can help you acquire Dogecoin.
You must have an eToro account before you get started. Following that, you’ll be requested to deposit $10 using your debit card or e-wallet. You can also use the bank transfer method to transfer the money. After you’ve made your investment, you may begin investing in Dogecoin in the United Kingdom. When you are trading, you will just have to pay the amount which is the difference between the buy and sell price.
2. Crypto.com
Another crypto exchange you can use when investing in Dogecoin is Crypto.com. It was established in 2016, it is one of the most commonly used exchanges in the trading world. It has a high daily trading volume and currently, a million users are using this platform.
You know that among the greatest appealing characteristics of choosing Crypto.com is that the whole procedure takes only 5 minutes. This includes entering your basic information, uploading your identification card, making a deposit and finally buying Dogecoin. Because Crypto.com employs automated verification procedures, your identification will be verified almost instantaneously. It supports credit/debit cards which cost you 2.99 percent which is more expensive than eToro.
3. Coinbase
If you want to buy Dogecoin in the UK, Coinbase is a fantastic choice. It is a digital money exchange with over 70 million customers based in the United States. You can now buy Dogecoin with convenience thanks to Coinbase’s expansion into the UK market. To begin, you have to set up an account and then you should verify it. To sign up, you have to provide some basic contact information with a photocopy of your driver’s license or identity card then you might buy Dogecoin in the UK conveniently with a debit/credit card.
Your transaction will be completed promptly, but keep in mind that Coinbase will cost you 3.99 percent. As a result, if you buy a £500 value of Dogecoin, you’ll have to pay about £20 in fees. If you want to go for the bank transfer option to deposit money into the account then it is possible too with Coinbase. Although there are no deposit charges, you will have to pay a 1.49 percent trading fee when buying Dogecoin. Consequently, this option is substantially more costly than eToro.
4. Binance
You know Binance is among the largest global crypto exchanges by transaction volume. They introduced Dogecoin in 2019 and accept a variety of purchasing options in addition to credit card methods. It used to be one of the most well-known crypto exchanges in the United Kingdom. Several fundamental account capabilities have been deleted after the FCA launched an inquiry into the site. For example, in the past, you could deposit and withdraw pounds via a free and near-instant UK bank transfer. However, Binance has now banned UK bank transactions.
Another popular crypto exchange, Binance, has among the highest trading volumes around the globe. Dogecoin was listed on Binance in 2019 and they accept a variety of payment options in addition to credit/debit cards. Back then it was one of the most commonly used cryptocurrency exchanges in the UK. But now many fundamental account features have been deleted after the FCA launched an inquiry into the site. For example, in the past, you can deposit and withdraw money through bank transfer completely free. But, Binance has now banned UK bank transactions.
If you want to know more about the best apps to buy Dogecoin in the UK, then you can read this article to get more information. Click here to read it.
Conclusion
This article has covered what you need to know before investing in Dogecoin in the UK. Since you already know the best apps to buy Dogecoin UK, it’s time to make an investment decision. We advise you to connect with eToro if you want to make a safe decision, because buying Dogecoin with eToro is the most secure option right now. eToro is licensed in the UK and will provide you with low rates so it seems a convenient as well as a cheap option.
Furthermore, you can fund your eToro account for as little as $10, and you can also connect your PayPal or Skrill account with it to deposit and withdraw money. But in the end, it is your choice to select whatever platform you think would be suitable for you.
