How to Buy Dogecoin guide to safe & cheap DOGE purchase!

Mark Norgate
October 13, 2021
Where is the best place to buy Dogecoin? Do I want to hold or actively trade Dogecoin for the long term? How does a Dogecoin wallet work? 
How to Buy Dogecoin guide to safe & cheap DOGE purchase!
Buy Dogecoin: What should you look out for to buy Dogecoin cheaply and safely?

Since December 2013, there is an exceptional online currency: Dogecoin. Here you can find out how and where you can best buy Dogecoin!

Furthermore, which exchanges are there and whether you can also get the DOGE Coins with PayPal, SOFORT-Überweisung and Co.

The coin invented as a joke gradually developed into an increasingly serious currency. Since you can even use Dogecoin as a means of payment with some providers, it is clear that it is no longer a joke. Therefore, when buying, you should pay attention to the following factors:

Table of Contents

Where is the best place to buy Dogecoin?
  • We recommend the ETFinance platform to buy Dogecoin. There are a few aspects that investors should pay particular attention to when choosing the right provider. First of all, the provider must be reputable. This is the only way to ensure that the Doge trade is safe and fair. A reputable broker can be recognized above all by its regulation. The broker ETFinance is based in Cyprus, for example, and is therefore subject to European regulations.
  • That is why the broker can be described as serious and secure.
  • In addition to seriousness, fees also play a significant role in crypto trading. With many providers, the fees for the purchase are very high. At ETFinance, the crypto trading fee is 0.75%. This means that with an order value of € 100, a fee of € 0.75 is charged. This is a very low value. ETFinance was also able to convince us with its transparent trading platform. The trading platform is attractively designed and enables smooth trading with, for example, Dogecoin.
  • Do I want to hold or actively trade Dogecoin for the long term?
  • Before investing, investors must constantly ask themselves whether they want to hold Dogecoin for the long term or actively trade. Cryptocurrencies are very suitable for active traders because there are often extreme fluctuations. Good traders can take advantage of these short-term fluctuations and generate high returns.
  • For short-term oriented traders, trading with CFDs is worthwhile. This type of trading has the advantage that investors do not have to buy Dogecoin themselves and can still speculate on its price development. Trading with CFDs has the advantage that capital gains tax is applied to profits. When trading the “real” cryptocurrencies, the personal income tax rate is applied.
  • This is often higher than the capital gains tax. For long-term investors, buying the “real” currency is the better way. This is mainly because the capital gains are tax-free after a holding period of one year. Buying Dogecoin directly is also recommended for buyers who want to use Dogecoin as a means of payment.
  • How does a Dogecoin wallet work? 
  • Investors need a wallet to store and use their coins. The wallet is understood as a kind of account on which the coins are located and from which coins can be sent. Investors who only want to speculate on the price development of Dogecoin can also trade with CFDs. These financial instruments reflect the price development of Dogecoin. For investors, these CFDs have the advantage of not having to deal with wallets and other peculiarities of cryptocurrencies.
  • Is it worth investing in Dogecoin? 
  • Especially in the field of cryptocurrencies, it is difficult to make reliable statements about future developments. Dogecoin is also still relatively young, and therefore there is no clear direction in which this cryptocurrency is moving. However, if you look into the past, you can see that Dogecoin was a very good investment. If you look at the period between June 2020 and June 2021, you can see that the value of Dogecoin has increased by a factor of 100. This means that an investment of € 5,000 would have resulted in assets of around € 500,000.

Where can you buy cheap Dogecoin? Our broker and exchange comparison – buy Dogecoin with the lowest fees:

Rating

Min. Deposit

Min. Spread

Assets

Views

Positive Reviews

Negative Reviews

Likes

4.9/5
250
0.07
  • Commodities
  • Forex 40 +
  • Metals
  • Stocks
  • Indices
  • Cryptocurrencies
85
2
4.5/5
250
0.07
  • Metals
  • Forex
  • Indices
  • Cryptocurrencies
  • Commodities
  • Stocks

 

254
82
3
58
4.9/5
250
0.07
  • Forex 40+
  • Metals
  • Commodities
  • Stocks
  • Indices
  • Cryptocurrencies

 

480
80
3
50

How can you buy Dogecoin with Euro? Buy Dogecoin Instructions for Beginners:

At this point, let’s dedicate ourselves to a complete guide on how to buy Dogecoin. We have chosen ETFinance as the best provider for this. The provider impresses with an excellent trading portfolio, a high level of user-friendliness and a license from the European Union.

As one of the few brokers in the industry, ETFinance also offers Dogecoin.

etfinance

First step: Registration with a broker or a crypto exchange

Before we can buy our first Dogecoin coins, we first need an account. Registering with ETFinance is pretty self-explanatory and should be completed in a few minutes. However, it should be noted that all information must be verified afterwards.

The usual suspicious details such as name, address, telephone number and also email are given. Fill in the data and then choose a password. Then quickly confirm the terms and conditions, and you have already survived the registration.

Second step: Buy Dogecoin with a credit card, instant transfer and more

Of course, you first need credit in your account for a Dogecoin investment. This can be charged in different ways. This is particularly easy with a credit card, for example.

But you can also bring money to the platform with Skrill, Neteller or other payment methods.

Payment optionETFinance
Buy Dogecoin with a credit card✔️
Buy Dogecoin with PayPal✔️
Buy Dogecoin with Giropay✔️
Buy Dogecoin with Skrill✔️
Buy Dogecoin with bank transfer✔️
Buy Dogecoin with Neteller✔️
Buy Dogecoin with other payment methods✔️

Third step: Buy cheap Dogecoin online

Now we can buy Dogecoin. First, enter “Dogecoin” or the abbreviation “DOGE” in the search field. This will lead you to the overview page for cryptocurrency.

Now click on the “Trade” button in your account. At the same time, a new window opens in which you can complete the trade.

As an investor, you were given various investment options.

  1. Buy or sell: In our case, we have to select “Buy”.
  2. Trade or order: Here, you can choose whether you want to execute the trade immediately (trade) or with a delay (order).
  3. Amount: How much DOGE do you want to buy.

If you have set everything, you can finally “open the trade “.

Should you buy Dogecoin or not? Our reasons for buying!

It is not easy to say whether it is worth investing in Dogecoin. In general, the crypto market is subject to great fluctuations, which is why you should not choose your investment lightly. Of course, this also applies to the likeable Dogecoin. On the other hand, due to its strong community and relatively long history, Dogecoin is a relatively low-risk investment compared to other cryptocurrencies.

Dogecoin is not deflationary but an inflationary currency. That and the fact that many people invest in Dogecoin just for fun makes the coin a less attractive investment option: You are unlikely to get rich here. On the other hand, unlike most other cryptocurrencies on the Internet, Dogecoin is actively used to donate to projects and thus serves a specific, not just hypothetical, purpose. As a result, it has a lot ahead of others.

So if you just want to try out a little bit and want to be part of a friendly and humorous crypto community, Dogecoin is an interesting option.

What is Dogecoin?

How to Buy Dogecoin

Dogecoin is an open-source cryptocurrency that was developed by Jackson Palmer and Billy Marcus in 2013. Dogecoin was initially developed as a joke and is based on a meme with the Shiba Inu breed dog.

Therefore Dogecoin is also called “Memecoin”. Although this currency started as a joke, it is now one of the most important cryptocurrencies in the world.

Dogecoin is based on the cryptocurrency Litecoin. The two coins are therefore based on the same proof-of-work technology. The cryptocurrency Dogecoin is characterized, among other things, by a loyal community, fast transactions and low fees. That is why Dogecoin is used as a means of payment by many users. As a result, the number of shops that accept Dogecoin is also increasing.

The Dogecoin rate is also subject to strong fluctuations. For example, while the price for a coin in June 2016 was € 0.0002, the price in June 2021 is around € 0.20 (as of June 28, 2021). In the meantime, Dogecoin was even able to reach a price of over € 0.60.

Buy or Sell Dogecoin? Our advantages and disadvantages analysis:

When considering an investment, it is always worth taking a look at the opportunities and risks. We want to carry out this analysis at Dogecoin as well.

The most significant advantage of Dogecoins is that this cryptocurrency has an active and loyal community. This leads to the fact that there is a high demand for Dogecoin.

This community also goes hand in hand with the fact that the currency is used. Users can now use Dogecoin to buy online. The community also means that it is great fun to move around in this community. There are many memes, funny videos and, in general, a large and open exchange.

For active traders, Dogecoin has the advantage that there are sometimes strong price fluctuations. As a result, there are many opportunities for short-term returns.

However, these large fluctuations can also be viewed as a negative aspect. Dogecoin is, therefore, less suitable for investors who expect steady and slow growth in their financial investments. Another negative aspect is that Dogecoin has already risen sharply, and a further sharp rise in the price is rather unlikely.

Another problem is the inflationary structure of the currency. This causes the coins to naturally depreciate over time because the amount is almost unlimited.

In summary, we can say that investors in the past have achieved high returns with an investment in Doge.

However, it is questionable whether this positive development will continue in the future. The main advantage of Dogecoin is its excellent community. Dogecoin is, therefore, more suitable for speculative investors who want to become part of a loyal and fun community with their investment. For long-term investors, other cryptocurrencies such as Bitcoin, Ethereum or Cardano are probably the better choices.

  • Great community
  • Concrete use cases
  • Having fun
  • Inflationary currency
  • No great performance expected

Buy Dogecoin in SouthAfrica

As an investor, you have various options for buying Dogecoin in South Africa.

We recommend the popular provider ETFinance for Dogecoin trading in South Africa. At ETFinance, you have a large selection of deposit options (including PayPal) and can start trading Dogecoin in a short time and still benefit from the integrated wallet. Due to the simplicity and the many deposit options, we recommend ETFinance for trading with Dogecoin.

You can also classically buy Dogecoin via a crypto exchange such as Binance, Kraken or Bitpanda. To do this, you have to create an account with the stock exchange and deposit money into your account by bank transfer or credit card.

In addition, when buying Dogecoin on crypto exchanges, you can deposit another cryptocurrency such as Bitcoin or Ethereum into your wallet of the crypto exchange and exchange it for Dogecoin.

The way via a crypto exchange is much more cumbersome than trading on ETFinance and is only worthwhile if you want to keep Dogecoin for the long term.

Buy Dogecoin in Austria

If you want to buy Dogecoin in Austria, there are various options available to you.

In our opinion, the best way to buy Dogecoin is to trade on ETFinance. With ETFinance, you can open an account in a short time and start trading Dogecoin. All you have to do is create an account and deposit money into your account. ETFinance offers you many deposit options and low fees when trading Dogecoin.

Like any other cryptocurrency, you can also buy Dogecoin via one of the crypto exchanges. To do this, you have to register with an exchange and deposit money into your account or transfer another cryptocurrency to your exchange wallet. Binance, Kraken or Bitpanda, for example, can be considered as trading venues for the purchase of Dogecoin.

However, the acquisition of Dogecoin via a crypto exchange is much more complex and therefore not recommended.

Buy Dogecoin in Switzerland

If you want to buy Dogecoin in Switzerland, there are a few ways you can do this. You can learn about ETFinance with the dogecoin act or buy Dogecoin crypto exchanges.

How to Buy Dogecoin

The best way to trade Dogecoin in Switzerland is to use ETFinance. To trade, you need to open an account and deposit funds into your account. Here you can start trading Dogecoin within a few minutes. Due to the simple operation and the quick setup, we recommend this way for trading with Dogecoin.

However, you can also buy Dogecoin such as Bitcoin and all other cryptocurrencies via a crypto exchange. To do this, you have to deposit money into your account at an exchange such as Binance, Kraken or Bitpanda, and you can then buy Dogecoin directly there. In addition, you have the option to send other cryptocurrencies to your wallet and exchange other cryptocurrencies for Dogecoin.

However, trading Dogecoin on crypto exchanges requires more effort, and we, therefore, recommend ETFinance for trading Dogecoin.

The most important thing about Dogecoin: Moon Dogecoin, Dogecoin Mining etc.

The American cryptocurrency Dogecoin has been around since December 6, 2013. Dogecoin (DOGE) is based on the famous internet meme: the Doge, a Japanese Shiba-Inu dog. Although referred to as a “joke coin” by the developers and originally intended as a humorous parody of the Bitcoin hype, Dogecoin developed rapidly in price after the IPO. Just two weeks after its launch, Dogecoin was the ninth-largest cryptocurrency worldwide in market capitalization, and just under a year later, the coin was already in 5th place.

 Unlike Bitcoin, Dogecoin has hardly established itself as a means of payment in public space. Instead, the community uses cryptocurrency to distribute donations to content creators or projects that they consider supportive or noteworthy. Dogecoin can also be bought on many platforms where you can buy Bitcoin.

Dogecoin mining of these coins is only possible via a mining pool. These provide computing power to crack a block in a blockchain. To do this, however, you need a Dogecoin wallet. You can find out how to do this below in the text. After you have a wallet and joined a mining pool, you can simply download a Dogecoin miner and start mining.

Since its start in 2013, the coin has been an indispensable part of the upper echelons of the charts: After the boom of recent years, during which several new cryptocurrencies were launched, Dogecoin still ranks 37th in terms of its market capitalization. Yet, despite their success, the developers and their community have lost none of their humour: On Reddit, they are currently collecting donations for a manned moon mission.

Buy Dogecoin now at ETFinance.

  • Very good crypto broker
  • State-regulated broker
  • Fast deposits and withdrawals
  • Fair fees
  • Over 28 other cryptos
What are the fees if you want to buy Dogecoin?

Let’s take the following example when buying Dogecoin:

  • We buy Dogecoin worth € 1,000
  • We keep our Dogecoin for 30 days and then sell it again
  • For the sake of simplicity, we assume that the course does not change in the 30 days

With these assumptions, we now go through the fees of the largest providers.

providersETFinancePlus500Capital.com
DepositFreefor freefor free
Purchase feesFree3.08%0.1%
Holding feesFree0.05%for free
Sales chargesSpreads0.05%0.1%
PayoutFree3.08%for free
Total feesReasonable€ 92.3210 €

It should be noted that the trading fees in the crypto area at ETFinance (as with many other brokers) are by no means fixed. Rather, it is a variable interest rate. However, if you compare the provider with many other brokers in the industry, you will find that the fees are competitive. This also applies to buying Dogecoin.

Can you buy Dogecoin with PayPal?

Many investors appreciate the ease of use of PayPal and would therefore like to buy Dogecoin with PayPal. Thanks to ETFinance, it has been possible to buy Dogecoin via PayPal for a short time. By buying Dogecoin with PayPal, ETFinance sets itself apart from the competition and makes it very easy for you to trade Dogecoin.

Unlike other brokers or crypto exchanges, you no longer have to take the cumbersome route via bank transfer or credit card payment. Still, you can quickly start trading via PayPal and do not have to deal with exchange wallets and confusing user interfaces.

We, therefore, recommend ETFinance for easy trading with Dogecoin.

Buy Dogecoin PayPal: Where to buy Dogecoin with PayPal.

The cryptocurrency Dogecoin can be bought from the broker ETFinance with PayPal. Many investors value PayPal as a means of payment because payments are processed extremely quickly with this method.

In addition, many investors already have a PayPal account and would therefore like to use this to buy cryptocurrencies. While it is not possible with some crypto exchanges to select PayPal as a payment method, ETFinance offers this payment option.

However, this provider can not only convince PayPal as a payment method. At ETFinance, only small fees are due for the Dogecoin purchase. These currently amount to 0.75% of the investment amount and are significantly lower compared to other providers. The trading platform can also be highlighted positively at ETFinance. This is designed and includes many functions. This makes it easy to buy and sell Dogecoin.

Thanks to the strict regulations by the responsible authorities, buying at ETFinance is safe. Above all, in crypto trading, the seriousness of a provider is of great importance because there are many dubious providers on this market. With ETFinance, however, Dogecoin trading is safe. We, therefore, recommend ETFinance to all who are looking for a reputable broker with PayPal to buy Dogecoin.

Dogecoin at Coinbase, Trade Republic or Comdirect? Why do we recommend ETFinance as an alternative?

Unfortunately, the cryptocurrency Dogecoin can not yet be bought from popular brokers such as Coinbase, Trade Republic or Comdirect. Nevertheless, there is a way how you can trade Dogecoin through a broker.

For trading with Dogecoin, we recommend the provider ETFinance. Trading with Dogecoin is possible here, and there are also many other cryptocurrencies and other asset classes available. Registering with ETFinance is very easy, and you can start trading Dogecoin after a short time. A big plus point of ETFinance is the deposit via PayPal.

However, Coinbase allows Dogecoin in the Coinbase wallet.

As the US crypto exchange Coinbase announced in an official announcement on May 1, its crypto wallet service “Coinbase Wallet” now also supports Dogecoin (DOGE).

According to the announcement, Coinbase users can now store DOGE in their Coinbase wallet app and other common cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). In addition, the wallet also supports the Dogecoin test net.

Buy Dogecoin app

Dogecoin trading is also possible via an app with some providers. If you want to buy Dogecoin classically, the apps from crypto exchanges such as Binance or Kraken offer you the opportunity to do so. Here you can deposit money by transfer or credit card and buy Dogecoins with it. Of course, you can also transfer other cryptocurrencies to your wallet and buy Dogecoin with it.

But you can also trade with Dogecoin in the ETFinance app. ETFinance offers you a user-friendly trading platform with many deposit options for trading Dogecoin.

All apps are available in both the Apple App Store and the Google Play Store.

Dogecoin trading: long-term investing in Dogecoin or trading CFDs?

The course of the Dogecoin price is subject to great fluctuations. That is why there are always high chances of winning for crypto investors through short-term trades.

  • Due to the large fluctuations, Dogecoin is rather unsuitable for a long-term investment. There are also better alternatives for long-term investments in the crypto market, such as Bitcoin, Ethereum, Cardano, and IOTA.
  • For short-term trading with Dogecoin, we recommend trading with CFDs. By trading with CFDs, you can invest short-term in the performance of Dogecoin and benefit from rising or falling prices.

What are Dogecoin CFDs (certificates)?

Dogecoin CFDs are financial instruments with which investors can speculate on the price development of Dogecoin without having to buy Dogecoin. CFDs are widely used instruments in the financial world. With these “Contracts for Difference” (CFD), investors can speculate on the development of an underlying asset without having to buy the underlying asset itself.

The CFDs are a kind of contract between two parties.

The mode of operation becomes clear with an example:

One investor assumes that the Dogecoin price will rise sharply in the next few days. But because he only wants to speculate on the course of Dogecoin, he decides to trade in CFDs. His broker ETFinance offers CFD trading for Dogecoin. Now the investor opens a so-called “long position”. He is speculating on rising prices. We assume that he has invested € 1,000.

The investor is right, and the price rises by 50%. Now he tells his broker that he wants to liquidate his position. The broker pays him the difference between the price when the CFD was opened and when the position was closed. In this case, the investor has made a profit of € 500.

The advantage of the CFD is that trading is easier than trading regular Dogecoin. He does not have to register on a crypto exchange or keep the coins in a wallet. In addition, CFDs incur capital gains tax. The personal income tax rate is used when selling “normal” Dogecoins with a holding period of less than a year. Therefore, the tax burden is lower for many investors when trading CFDs than when trading “real” coins.

Buy Dogecoin as CFD or real cryptocurrency?

When it comes to crypto investments, there are two different ways to invest in Dogecoin. This section explains both options and shows which type of investment is suitable for which type of investor.

The classic way to invest in Dogecoin is to buy Dogecoin directly. With this type of investment, investors buy Dogecoin and then use it in their wallets. This is especially worthwhile for buyers who want to use Dogecoin.

Dogecoin is now offered as a payment method in many online shops and can therefore be used for online purchases.

Buying Dogecoin directly is also the right choice for long-term investors who believe in an increase in the value of Dogecoin. This is mainly due to tax issues. Cryptocurrencies are declared as private assets for tax purposes. For these, the capital gains are tax-free after a holding period of more than one year. It is therefore worthwhile for long-term investors to buy Dogecoin directly.

For active traders, there is a better way than buying directly. This is CFD trading. With CFD trading, investors can speculate on the price development of Dogecoin without actually having to buy Dogecoin. Therefore, these financial instruments are worthwhile for active traders because trading these CFDs is easier than trading real Dogecoins. Another advantage of CFDs is that they are categorized as securities. Therefore, profits are taxed with capital gains tax.

This tax is currently 25% plus solidarity surcharge and, if applicable, church tax. In comparison, profits from trading in the “real” currency with a holding period of less than one year are taxed at the personal income tax rate. This is often higher than the capital gains tax rate.

In summary, we can say that purchasing “real” Dogecoins is particularly worthwhile for investors who want to use Dogecoin or consider them to be long-term investments. For active traders, trading with Dogecoin CFDs is recommended because this trading is easier and, with a short holding period, is often more tax-efficient.

A broker where investors can buy “real” Dogecoins and Dogecoin CFDs is ETFinance. Therefore, ETFinance is also our recommendation for all investors who want to invest safely and cheaply in Dogecoin.

Dogecoin wallets: which wallets are useful to store after buying?

In general, a wallet is always the safest place to store cryptocurrencies. However, if the coins and tokens are instead on an exchange, you may lose access to them – for example, in the event of a hack attack or if a broker becomes insolvent.

Using a wallet is not necessarily more complicated than using the common stock exchange platforms. A wallet is therefore recommended in any case.

However, the use of a wallet is not mandatory for trading Dogecoin. You don’t need your wallet if you use CFD brokers because you are trading with Dogecoin CFDs. So it is traded with a currency pair, which is visible in the account.

However, you will then not have real DOGE Coins at your disposal. Therefore, traders should ask themselves what purpose they are pursuing with their investment. If you want to become part of the network, CFD positions are of little use. Then you have to choose a crypto exchange that also offers the tokens for sale.

This is associated with a certain amount of effort. However, this may also be particularly worthwhile if you are pursuing long-term investment goals. Finally, CFDs can also cause holding and follow-up costs that can be avoided with a direct investment.

Especially the volatility, which Dogecoin also exhibits, offers numerous opportunities for active traders, which can also be used without a wallet. So, in the end, it is a fundamental decision of the trader.

Does it make sense to invest in Dogecoin?

The future development of Dogecoin is difficult to predict. Cryptocurrencies are generally very volatile financial investments. Therefore, it is complicated to make predictions in this area. However, the high volatility often offers investors opportunities for high returns.

Good investors regularly recognize these opportunities and take advantage of them. Cryptocurrencies are therefore perfect for investors who want to speculate on short-term price changes.

A look into the past shows that Dogecoin would have been a good investment even in the long term. For example, if you look at the development of Dogecoin between June 2016 and June 2021, it becomes clear that the price has increased by a factor of 1000. This means that investors with an investment of € 1,000 at the time would be millionaires today.

Which cryptocurrency is the best investment?

How to Buy Dogecoin

The cryptocurrency market has overgrown in recent years. As a result, there are more and more coins and many fields of application for cryptocurrencies. But which cryptocurrency is the best investment?

There is no general answer to this question, and it depends primarily on the type of investor. While a cryptocurrency with large swings is likely the best choice for an active trader, projects with a working product and a long-term vision are better suited for long-term investors.

We want to take a look at the coins with the most remarkable growth in the last 12 months. Therefore, we only look at the top 10 coins by market capitalization.

Performance cryptocurrencies

positionCryptocurrencyPrice 06/28/2020Price 12/27/2020Price 06/27/2021Change in% (12 / 20-06.21)Change in% (06 / 20-06 / 21)
1Binance Coin€ 12.9700€ 28.1700€ 244.3700767.48%1784.12%
2Cardano€ 0.0676€ 0.1298€ 1.1200762.87%1556.56%
3Polkadot€ 2.3400€ 11.7800€ 23.346098.18%897.69%
4thEthereum€ 189.5100€ 573.8900€ 1,664.3000190.00%778.21%
5Chainlink€ 3.8400€ 10,2000€ 15.430051.27%301.82%
6thBitcoin€ 7,689.5800€ 22,086.7500€ 29,141.180031.94%278.97%
7thXRP€ 0.1494€ 0.2379€ 0.5441128.71%264.19%
8thLitecoin€ 34.8200€ 107.2000€ 111.31003.83%219.67%
9Bitcoin Cash€ 187.3000€ 284.3000€ 401.070041.07%114.13%
10Tether€ 0.8431€ 0.8397€ 0.84160.23%-0.18%

From the above observation, we can see that the top 10 cryptocurrencies by market capitalization performed extremely well between June 2020 and June 2021 and December 2020 and June 2021, respectively.

Looking at the year between June 2020 and June 2021, Binance Coin achieved the greatest growth with an increase of 1784.12%. An investment of € 1,000 in Binance Coin in June 2020 would have resulted in a fortune of over € 17,000 today. Such gains cannot be achieved in almost any other asset class.

The “worst” performer during this period was Tether. However, this is not surprising since it is a so-called stable coin. Furthermore, the value of Tether is directly linked to the performance of the dollar. Therefore, it is not at all wanted that this coin gains in value.

If you look at the average development of the top 9 (excluding Tether) between December 2020 and June 2021, you can see that an equally weighted portfolio from the top 9 would have more than doubled in value to date. An investment of € 5,000 in this portfolio in December would meanwhile have a value of around € 11,500.

Originally, in this section, we asked ourselves what the best investment in cryptocurrencies is. Unfortunately, as already described, there is no general answer to this question. In any case, our performance comparison clearly shows that it can also be worthwhile to invest in a broad portfolio in the field of cryptocurrencies.

An investment in the top 10 coins without stablecoins may be a good idea. In the periods under review, investors could have achieved high profits with such an investment.

Dogecoin course

Current price in USD$ 0.05082
Current price in EUR€ 0.04
Total market value in USD$ 6,533,426,392
Total market value in EUR€ 5,378,969,600
Price change within the last 24 hours-4.29%
Updated02/18/2021 at 9:00 am

Historical Dogecoin course: Important milestones in the history of Dogecoin

The cryptocurrency has already had a few highs and lows. We show the most important milestones in the history of Dogecoin.

  1. In January, the Dogecoin community collected Dogecoins worth around 30,000 euros for the Jamaican bobsleigh team to participate in the Olympics. As a result, the Dogecoin price rose by around 50%.
  2. The first wave of the cryptocurrency boom is going through the market, allowing Dogecoin to rise for a short period. The Dogecoin price rose by 80% for a short time.
  3. Similar to Bitcoin, Dogecoin is also affected by the incredible cryptocurrency boom. The Dogecoin price rose by an unbelievable 1633% at the end of 2017! However, as with Dogecoin, the bubble bursts and lets the short descend again rapidly.
  4. The hard fork in March 2018 caused the price to rise again. This time the Dogecoin price increases briefly by 70%.
  5. An important asset was added to Dogecoin, which now makes it easier to pay with the DogeCoin. The wallet was also brought out, which gave Dogecoin an increase of 200%.
  6. In April 2019, Elon Musk reported that Dogecoin was his favourite cryptocurrency. Just because of this remark, the Dogecoin price rose by 150%.
  7. A TikTok trend was taking Dogecoin to a new high in July 2020. The current Dogecoin rate is simply shown and talked about. This trend made Dogecoin rise steadily by 40%.

Is it still worth investing in Dogecoin or not?

The question of whether an investment in Dogecoin is worthwhile can not be answered across the board. For you as an investor, however, there are a few reasons that can speak for investment in Dogecoin.

An investment in Dogecoin can be worthwhile for you as an investor. For example, between March 2020 and March 2021, the value of Dogecoin increased almost 25 times and would therefore have been an outstanding investment.

An investment of € 1000 in March 2020 would have turned into almost € 25,000 at this point. This development shows the potential of investing in Dogecoin.

Although Dogecoin is a so-called meme coin, investors can still make profits with such an investment.

With Dogecoin, the timing of the purchase and sale is the most important thing. For example, if you buy Dogecoin before a major media event, such as a tweet from Elon Musk, and sell it at the height of the hype, high returns can be achieved for investors.

The trade is speculative, but the high risk also results in increased chances of profit. Above all, due to the high price fluctuations, there are always good entry opportunities for investors to achieve high profits in the short term.

Dogecoin Trading – Should You Hold Dogecoin Long-Term or Trade Short-Term?

When trading Dogecoin, many investors ask themselves whether they should choose a short-term or long-term strategy. First of all, Dogecoin is very suitable for active traders. This is due to the sometimes large fluctuations in this cryptocurrency.

High fluctuations always go hand in hand with great opportunities. Investors who recognize price movements promptly can achieve high returns in this way. Unfortunately, price fluctuations of over 5% are not uncommon with Dogecoin.

Therefore, Dogecoin is ideal for active traders.

The long-term prognosis is rather difficult. A few years ago, nobody would have thought that Dogecoin would develop so positively. A look back shows that Dogecoin would have been worthwhile as a long-term investment in the past. In the period between June 2016 and June 2021, the price increased approximately a thousand times.

An investment of € 5,000 would meanwhile have resulted in assets of around € 5 million. But, of course, the question arises as to whether this development can continue in the long term. What speaks in favour of Dogecoin is that an active and loyal community uses Dogecoin as a means of payment.

What speaks against Dogecoin is that there has already been an extremely large price increase in the past, and it is extremely rare that such an increase is repeated. Nevertheless, there is a possibility that Dogecoin will establish itself in the long term and gain further users. Therefore, Dogecoin could also be worthwhile as a long-term investment.

Buy Dogecoin at coinbase, binance, Bison & Comdirect – Why we recommend ETFinance as an alternative:

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In SouthAfrica, there are still a few providers for buying Dogecoin Coinbase, Binance and ETFinance. There are three providers in SouthAfrica through which Dogecoin trading is possible.

In our comparison, ETFinance was able to prevail against Coinbase and Binance. With this provider, the fees are 0.75% of the investment amount. This means that for an investment of € 200, there is a fee of € 1.50. The provider Binance would be the cheaper choice in this area, but it cannot prevail against ETFinance. Coinbase is the most expensive provider with a fee of 1.49%.

The provider, ETFinance shows its strengths above all in the scope of services and the innovative functions. A big advantage of ETFinances is the offer of CFDs and real Dogecoins.

The CFDs are better suited for active traders because they are often cheaper from a tax point of view since the capital gains tax and not the personal income tax rate is used to tax profits.

The most innovative function of ETFinance is the so-called CopyTrading. With this type of trading, investors can automatically copy the trades of other investors and thus automate their investments. Especially with Dogecoin, there are regularly large price fluctuations. Experienced traders can take advantage of these fluctuations. Thanks to CopyTrading, other investors can benefit from the experience of these traders and automatically copy their trades.

Thanks to the extensive demo account, investors at ETFinance can first familiarize themselves with the platform and test trading with Dogecoin risk-free. With a demo account, investors can gain valuable experience before they even start trading.

Neither Coinbase nor Binance offers a demo account or social trading. Overall, ETFinance is, therefore, the best choice for us when buying Dogecoin. The provider convinces us with low fees, the offer of real Dogecoins and CFDs and an extensive demo account. That’s why ETFinance is the best choice for buying Dogecoin.

Buying Dogecoin Stocks: Another way to invest in Dogecoin

Since many investors do not want to register with a crypto exchange and do not want to deal with the peculiarities of crypto trading, the question inevitably arises whether there are other options for investing in Dogecoin.

In cryptocurrencies, there are several stocks that investors can use to invest indirectly in the development of Dogecoin. The most popular share in crypto trading is the share of the crypto exchange Coinbase.

This company operates one of the most popular crypto exchanges globally and has been listed on the New York Stock Exchange since April 2021.

The company generates its income mainly through the collection of fees. So if the trading volume of cryptocurrencies such as Dogecoin increases, the company’s income will also increase. In this way, investors can indirectly benefit from the performance of Dogecoin and other cryptocurrencies via a share.

In addition to Coinbase, there are also other stocks of companies that are active in the field of blockchain technology.

Can you buy Dogecoin offline?

It is only possible to buy Dogecoin offline to a minimal extent. nOffline purchases can only be made by friends or relatives. Furthermore, unlike Bitcoin, there are currently no machines where investors can buy Dogecoin.

We recommend ETFinance for the purchase. This provider is subject to strict regulations from European authorities and can therefore be described as serious. Especially when buying crypto, investors should pay attention to choosing a reputable provider.

Unfortunately, many dubious providers in this area allegedly offer Dogecoin. However, after payment, investors often do not receive the Dogecoins they bought. Therefore, it is always worthwhile to use a reputable provider such as Toro.

In addition to the great seriousness, this provider also offers very attractive conditions for Dogecoin trading. For trading in cryptocurrencies, ETFinance only charges 0.75% fees. With other providers, investors often pay more than 1% in fees. Trading is also extremely easy on the attractive trading platform. That’s why ETFinance is our recommendation for everyone who wants to buy Dogecoin.

How to Resell Dogecoin: Our Guide to ETFinance

At ETFinance, investors can also easily sell Dogecoin again. To sell, investors must first access their portfolios. The portfolio can be accessed via the menu on the left.

The portfolio page shows all of the portfolio’s assets. The Dogecoin position can also be found here. To sell, investors have to click on the grey “V” in the Dogecoin line.

A window will open. In this, users must click on the “Sell” button at the top. Now investors can specify the amount or the value of the Dogecoins to be sold. After users have filled in all the details, they just click the “Open Trade” button. Now the order is executed, and the Dogecoins are sold. The credit from the sale is credited to the user’s account.

So we see that selling Dogecoin on ETFinance is also very easy.

Can you buy Dogecoin anonymously?

Buying Dogecoin anonymously is possible but not recommended. There are several options for users who want to buy Dogecoin anonymously. One possibility is buying from friends and acquaintances. In this way, the Dogecoin purchase can be processed anonymously. However, this type of purchase is that the right amount of Dogecoin may not be available.

Often there are also providers on Internet portals who offer Dogecoin for sale. However, buying this way is associated with a lot of uncertainty. There is always the risk that the provider is dubious and that investors never receive the Dogecoins.

We always recommend a regulated provider such as ETFinance for the purchase. With these reputable providers, investors must provide some personal information. The providers are legally obliged to collect this data. This protects both the provider and the buyer.

The advantage of buying through ETFinance is the security of the purchase. Here investors can be sure that they will receive the Dogecoins they have bought. In addition, ETFinance offers buyers fair prices and low fees.

Our recommendation for buying Dogecoin is, therefore, ETFinance. Although investors have to provide some personal data here, they can be sure that they will receive the Dogecoins they have bought.

Can you buy Dogecoin without verification?

Nowadays, there are no reputable providers where it is possible to buy Dogecoin without verification. Many providers in cryptocurrencies advertise trading without verification or without providing personal data. However, these providers are often dubious. Therefore, investors cannot be sure that they will receive the coins they have bought.

Serious providers are legally obliged to verify their customers. This process protects both the provider and the investor. Therefore, we recommend ETFinance for buying Dogecoin.

This provider is strictly regulated and is subject to regular checks by European authorities. This means that investors can be sure that this is a reputable provider. In addition, there are only low fees for buying Dogecoin at ETFinance, and verification can be carried out conveniently via video. This allows investors to start trading in no time.

A provider like ETFinance is always preferable to an unregulated provider, as this ensures that the customers receive the coins they have bought. That’s why ETFinance is our recommendation for everyone who wants to buy Dogecoin.

Can you buy Dogecoin without registering?

Many investors want to buy Dogecoin as soon as possible and therefore do not register with a provider. However, there are no reputable providers where investors can trade Dogecoin without registering.

Our recommendation for buying Dogecoin is ETFinance. With this provider, the registration process is very simple.

Investors can simply log in with an email address and password or an existing Google or Facebook account. Registration with ETFinance takes place in the shortest possible time.

After registering, users can easily buy Dogecoin on the trading platform. We recommend ETFinance because this provider is reputable and only charges low fees when buying Dogecoin. With other providers who do not require registration, there is no guarantee that they are reputable.

It can therefore happen that investors buy Dogecoin and then do not receive it. Unfortunately, there are many dubious providers in the field of cryptocurrencies. Therefore, investors should only buy Dogecoin from a regulated and reputable provider such as ETFinance.

What does 1 Dogecoin currently cost?

A Dogecoin currently costs € 0.20 (as of: 26.06.2021). The price of Dogecoin has increased by a factor of 100 within the last year. Dogecoin’s all-time high is € 0.61 and was reached in May 2021.

Buy alternatives to Dogecoin: Other cryptocurrencies or Dogecoin stocks.

If you want to invest in Dogecoin for the long term, we recommend the online trading platform ETFinance. In the future, too, one can assume that the price of DOGE will continue to rise and that it will soon be possible to purchase real coins on platforms.

Other possibilities would be:

Alternative 1: Opportunities in the field of cryptocurrencies

Otherwise, other cryptocurrencies have potential :

  • Buy Bitcoin: The top dog among cryptocurrencies is seen by many as the “digital gold” and one of the most stable cryptos.
  • Buy Ripple: With the support of many banks, Ripple is a good alternative to Dogecoin
  • Buy Ethereum: Ethereum is the solution for smart contracts and, in the broadest sense, follows an approach similar to Dogecoin.

Alternative 2: Dogecoin stocks

Another alternative is crypto stocks such as Dogecoin stocks: chip manufacturers, mining companies and even the Bitcoin Group have so far posted strong profits.

  • Bitcoin stocks: If you think that Bitcoin will outperform Dogecoin, Bitcoin stocks are a good alternative
  • NVIDIA stocks: NVIDIA manufactures necessary graphics chips, especially for mining – if the crypto boom continues, NVIDIA is undoubtedly a good investment
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FAQs

Dogecoin can be purchased for real money via instant transfer, SEPA and other payment methods on the platforms described above. Dogecoin is currently tradable on eToro.

On ETFinance you have the option of paying into the customer account using a credit card.

Buying Dogecoin with PayPal is best done on ETFinance.

Only time can tell. The opinions of the experts differ widely here. With buy and sell orders, you can determine yourself whether you would rather bet on rising or falling prices.

Since Dogecoin is ostensibly a fun project, you shouldn’t expect to get rich with DOGE. But at least: As soon as the market grows again, Dogecoin will in all probability benefit from it.

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