Are you interested in investing in Dogecoin and wondering how to buy it on eToro? You’ve come to the right place. In this guide, we’ll walk you through the step-by-step process of buying Dogecoin on eToro.
Before we dive into the details, let’s take a brief look at what Dogecoin is and why it’s gaining popularity.
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What is Dogecoin?
Dogecoin is a cryptocurrency that was created in 2013 by Billy Markus and Jackson Palmer as a joke. However, it quickly gained a following and has since become a serious cryptocurrency with a market cap of over $7 billion.
Dogecoin is known for its friendly and supportive community, which has helped it gain mainstream attention. It’s also popular among investors who are looking for high-risk, high-reward investments.
Now, let’s get into the steps to buy Dogecoin on eToro.
Step 1: Sign up for an eToro account
The first step to buying Dogecoin on eToro is to sign up for an account. Go to the eToro website and click on the “Join Now” button in the top right corner. You’ll be asked to provide some basic information, including your name, email address, and password.
Once you’ve provided this information, click on the “Create Account” button. You’ll then receive an email with a verification link. Click on the link to verify your account.
Step 2: Verify your identity
To comply with regulatory requirements, eToro requires all users to verify their identity before they can start trading. To do this, click on the “Complete Profile” button in your account dashboard and provide the requested information.
You’ll need to upload a copy of your government-issued ID, such as a passport or driver’s license, as well as a proof of address, such as a utility bill or bank statement.
Once you’ve provided this information, eToro will review your documents and verify your account within a few business days.
Step 3: Add funds to your account
Once your account is verified, you can add funds to your eToro account. Click on the “Deposit Funds” button in your account dashboard and choose the payment method you prefer.
eToro supports a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets. Choose the option that works best for you and follow the on-screen instructions to complete the transaction.
Step 4: Find Dogecoin on eToro
Once you’ve added funds to your account, you can start trading on eToro. To buy Dogecoin, you’ll need to find it on the platform.
Click on the “Trade Markets” button in your account dashboard and then select “Crypto” from the drop-down menu. You’ll see a list of cryptocurrencies that are available for trading on eToro, including Dogecoin.
Step 5: Buy Dogecoin on eToro
To buy Dogecoin on eToro, click on the “Buy” button next to the Dogecoin listing. You’ll then be taken to a page where you can enter the amount of Dogecoin you want to buy and the price at which you want to buy it.
eToro offers several order types, including market orders, limit orders, and stop-loss orders. Choose the order type that works best for you and then click on the “Open Trade” button to execute the trade.
Congratulations, you’ve just bought Dogecoin on eToro!
Conclusion
In this guide, we’ve walked you through the steps to buy Dogecoin on eToro.