Are you wondering how to buy Dogecoin on PayPal?
PayPal deposits are rare. However, there are many ways to buy Dogecoin with PayPal. The easiest and safest way to buy Dogecoin on PayPal is to first buy Bitcoin and convert it to its Dogecoin equivalent. However, some popular cryptocurrency exchanges such as Coinbase do not allow this.
In this article, we are talking about how to buy Dogecoin on PayPal or how to buy Dogecoin with PayPal, and how to buy crypto with Paypal. What is the safest place to buy Dogecoin? and what is a good app to buy Dogecoin?
What Cryptos can you buy on PayPal?
You can buy crypto on PayPal. But, the PayPal app allows you to buy four types of cryptocurrencies(PayPal crypto):
- Bitcoin Cash
But, experts recommend sticking with Ethereum and Bitcoin if you are a new investor.
What is the safest place to buy Dogecoin on PayPal?
Which is the right place to buy Dogecoin on PayPal (PayPal doge). Considering PayPal is one of the most popular online payment platforms, it’s no surprise that almost all cryptocurrency exchanges have it. But, not all exchanges offer the same products.
Here is a list of the top crypto exchanges you can use to buy Dogecoin on PayPal.
The best exchange to buy Dogecoin with PayPal. When it comes to features, fees, and other factors, eToro is by far the best crypto exchange platform.
Regarding security, eToro is regulated by major agencies such as FinCEN, FCA, CySEC, FINRA, and ASIC.
However, eToro’s main advantage is its ridiculously low fees. The platform includes a spread-based system, so there are no transaction fees for opening trades. In a Doge transaction, both parties pay a small amount of approximately 0.75%.
Not only that, but deposits are free, with a minimum deposit of $50 for new users, which is very low compared to the industry average.
Largest asset selection. The 2nd best platform to buy Dogecoin with PayPal is Binance. The industry’s largest asset collection allows users to choose from over 500 crypto assets to invest in.
There are also many advanced features such as charting tools and technical price indicators. However, Binance does not offer many advantages over eToro in terms of fees and security.
The best educational resource. For beginners looking for educational resources to get started trading cryptocurrencies, Coinbase may be the ideal solution. With over 100 reading materials and video guides, not many platforms can compare to Coinbase in this regard.
Coinbase’s main drawback is its price. In addition to fixed spread fees for DOGE trading, the platform also charges a flat fee based on the user’s trading volume.
How to Buy Dogecoin on PayPal?
Let’s see a more detailed guide on how to buy Dogecoin on PayPal. eToro is the best choice for this endeavor and the crypto exchange our guide focuses on.
Here are the steps to buy Dogecoin with PayPal instantly:
Step 1 – Create an eToro account. If you don’t have an eToro account yet, you can create one by visiting the official website and clicking “Sign up now”.
Enter your personal information such as name, phone number, address, date of birth, and valid email address.
The platform is very strict regarding AML regulations. Therefore, you will also need to upload a copy of your driver’s license or passport in the “Full Profile” menu to verify your account.
The verification takes only a few minutes and you are ready to go.
Step 2 – Fund your account with PayPal. Open the eToro main dashboard and click Deposit. Select PayPal as your preferred payment method from the small drop-down menu in the right corner of the screen.
You will be given detailed instructions to follow to connect your PayPal account to eToro. Once this is done, you can enter the amount you wish to transfer (the minimum amount is $50).
Step 3 – Buy Dogecoin. The final step – purchasing your first DOGE.
Use the search bar in the left corner & type “Dogecoin” to find your token. Then click ‘Trade’ and enter the exact amount of DOGE you wish to buy (minimum $10).
Double check everything is correct and click Open Trade to complete the purchase.
Finding the right way to buy Dogecoin on PayPal can be a little confusing, especially for beginners. We hope this guide helped you throughout the process and that you successfully obtained her first DOGE token. Finding a platform that integrates PayPal for Dogecoin purchases is not difficult, but finding the best trading platform takes time.
Considering all the different factors, we recommend buying from eToro. As one of the leading crypto exchange platforms in the industry, eToro can be used by both beginners and experienced traders.
Read Also: Cheapest Cryptos To Buy in 2022