There is no doubt that PayPal is one of the most convenient and fastest methods for online purchases. And recently, you can buy Dogecoin with PayPal. If you have experience with the cryptocurrency market, then you must know that there are several platforms that accept Paypal as a payment method, including peer-to-peer (P2P), brokers, and exchanges as well. There are people who ask, “where can I buy Dogecoin?” I will also cover that in this article.
The features of PayPal makes the platform one of the safest and simplest payment method. There are other benefits as well. In this article, we will cover every factor that is necessary when you will try to buy Dogecoin with PayPal.
Buy Dogecoin With PayPal
Can I buy dogecoin with PayPal? Let’s start with the answer.
So, are you looking for the simplest way possible to buy Dogecoin with PayPal? There are a couple of steps that you need to follow. The first thing where you have t start is to sign up for a crypto exchange. You can do that with your smartphone or tablet, or computer. And after that, there will be a whole new world that you are going to explore and experience.
1. Choosing The Best Platform
The first step that you need to take is to find the best platform or, I can say, the best exchange that suits you. Currently, there are almost 400 different centralized and decentralized exchanges, and you can choose one from that. Other than this, there are so many exchanges, but you will not find those exchanges convenient.
You should consider a couple of factors like location, size, transaction fees, and, most importantly, the number of users and their reviews. After you decide on the exchange platform, you now need to register and open an account. There will be KYC verification and other identity verification that you need to fulfill.
2. Deposit Amount In PayPal Account
As you are ready with your exchange platform. Now, it is time to deposit some amount in your PayPal account. You can deposit as much as you want, or you can simply deposit the amount that you want to invest in buying Dogecoin. Also, there will be an option where you need to select the payment method, and you need to make that PayPal. Just, open the application and then click on the deposit button.
3. Buy Dogecoin
So, open the exchange platform and go to the search option. There are options to create the limit order. The option is to buy Dogecoin when it reaches a certain price. Or you can select the market order, it is completely up to you. The options are there to give you options to either buy at the current price or buy when Dogecoin will reach a certain point.
Now, all you need to do is to select the amount and then click o the Buy option. There are options like trade, you can select that also. Before clicking the buy option, make sure that the amount that you put in and the visible Dogecoin that you will get is convenient for you.
Let me give you an exam. Currently, the value of a single Doge is $0.082540, so if you want to invest one dollar, then you will get roughly 12.15 Dogecoins. I am talking about this number if there is no transaction fee. But in your case, there will be a fee that you need to pay, so just calculate and check that. If you find that the fee is higher than your expectation, then you can switch to any other exchange where you get the best offer or you find the offer is best.
Tips to buy Dogecoin safety using PayPal
Here are a few tips and tricks on how you can safely buy Dogecoin with PayPal.
- Research the currency you prefer to buy: before buying, make sure that you know about the crypto you want to buy and know enough about it. About the opportunities as well as the risks involved.
- Make sure you are using a safe device: Avoid using public Wi-Fi networks or public computers when you are buying Dogecoin with the use of PayPal. For getting an additional layer of protection, use a VPN. This will keep the data secure.
- Choose an upstanding exchange: Make sure that the exchange is registered with relevant regulators in the country where you are from and has a solid track record. Pay attention to the terms and agreements of the exchanger and find out what will happen in case there is some kind of breach or the business goes bankrupt. Look into the reviews to see if there are any red flags.
- Secure the account: use 2FA or two-factor authentication and a strong password to secure your account.
- Obtain a wallet: Keep the crypto safe in the wallet, this is to keep it protected from hackers and any online breaches. It doesn’t matter if you go for an online or offline wallet when you are using PayPal to buy Dogecoin; it is like an additional layer of security, and it can’t do any harm.
- Invest the amount that you can afford to lose: the cryptocurrency market is volatile. The prices can change suddenly and take a huge turn. Investing in digital assets is a lot less predictable than investing in commodities and traditional stocks. Ensure that you are not wasting your investments, and in the beginning, it is understandable and probably best to play safe.
Different Ways To Buy Dogecoin With PayPal
After reviewing several platforms where you can buy Dogecoin with PayPal, here is detailed information that will help you for sure.
1. eToro
eToro is a platform that is known for its multi-asset features. So, if you want to get into the social investing features, then eToro is one of the best. Ad the platform accepts PayPal as a form of payment. There are some unique features and free deposits that will attract you for sure. Here are the ways that you need to follow.
- First, you need to open an account on eToro, and it is completely free. All you need is to give your email address, username, and password.
- Now, there will be a verification that you have to go through.
- Now, you need to deposit the amount you can buy with PayPal.
- The last thing is to buy Dogecoin by clicking the Open Trade option.
2. Binance
Binance is one of the best platforms that you can use for different types of cryptocurrency trading. There are advanced tools, and you will find almost any cryptocurrencies on this platform. So, if you want to trade Dogecoin with PayPal, then you need to open the Binance P2P platform.
- First, open the Binance platform and register an account. You can use any browser you want. Then sign up and open an account.
- Identity verification is needed, and you need to upload a couple of documents.
- There will be a P2P payment method, and you can add PayPal as the payment method.
- Open the dropdown menu, and there will be P2P trading. So, select DOGE and the currency in which you want to buy. Then click buy or trade to transfer the amount.
Other than eToro and Binance, there are other trusted platforms that you can use, like Coinbase and Skilling. There are people who ask how to buy dogecoin on Coinbase. The process is almost the same as on eToro and Binance.
Paypal Dogecoin
There might be a question should you buy Dogecoin with PayPal? First of all, you will get security. We all know that PayPal is one of the safest and most secure platforms for payment. Secondly, PayPal is much more convenient than any other payment platform. And most importantly, the platform is one of the fastest.
Final Words
So, I hope you now understand how to buy Dogecoin with PayPal. Though there are a couple of things you need to care like whether the platform is a broker, P2P, or exchange. All these three platforms are almost the same, but there are different features that you should know before using them.
If you find this interesting and informative, feel free to share it with your friends. Thank You.
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