• Dogecoin has grown into a $12 billion market cap since its launch in 2013.
• eToro is a platform where you can buy Dogecoin with two different methods.
• There are pros and cons to buying Dogecoins on eToro, as well as other places to buy the cryptocurrency.
What Makes Dogecoin Special?
Dogecoin is the “GOAT” meme coin that gained traction due to its backing by popular celebrities such as Elon Musk, Mark Cuban and even SpaceX’s lunar mission called DOGE-1. It was created as the ‚people’s coin‘ and has since become one of the most traded cryptocurrencies with a staggering $12 billion market cap.
Pros and Cons of Buying Dogecoin on eToro
eToro is an online trading platform that allows users to buy and sell cryptocurrencies like Dogecoin with ease. The main advantage of buying on eToro is that it offers fast access to the cryptocurrency market, but there are also some risks involved such as potential price volatility. Additionally, fees may be incurred for trades which should be taken into account when purchasing Dogecoins.
How To Buy Dogecoin on eToro
eToro offers two methods for accessing their cryptocurrency marketplace: a search function or through discovery mode. With the search function, simply type ‚DOGE‘ into the search bar then indicate your desired dollar amount or quantity of coins before clicking open trade. Alternatively, you can navigate through the dashboard using ‚discovery mode‘ and click ‚Invest‘ once you’ve selected your desired currency from either Daily Movers or By Market Cap segments.
What To Consider Before Buying Dogecoin
Before investing in any cryptocurrency including Dogecoin it’s important to consider all potential risks associated with doing so – this includes things like price volatility, regulatory changes, taxes etc.. Additionally, it would be wise to research whether or not your chosen platform provides adequate customer service/support in case something goes wrong during your purchase process or if you experience any issues after investing in DOGE coins.
Alternative Places To Buy DogeCoin
If eToro isn’t for you then there are plenty of other places where you can purchase DOGE coins such as Bittrex, Kraken & Coinbase Pro just to name a few! Each platform will have its own set of advantages and disadvantages so make sure research each option thoroughly before making any decisions about where to invest your money in digital assets such as crypto currencies like doge coin