Do You want to Buy Dogecoin Online but struggling to identify the Best App to Buy Dogecoin in the USA, India, Canada, UK, or in whichever country you are living in? Here in this article, I am Going to suggest to you the best Apps to buy this latest Cryptocurrency using your iOS or Android mobile phone.
Best App to Buy Dogecoin
Similar to Bitcoin, Dogecoin is Open source Peer-to-peer digital currency which is created as a joke in the year 2013 as a joke to poke fun at Bitcoin.
And now it on its way to becoming the next Bitcoin.
There are thousands of Digital currencies launched especially after rising of Bitcoin.
Some of them become popular, some of them still on the bottom line and still lots of new digital currencies are arriving each month.
Dogecoin becomes popular after Elon musk labeled it as his favorite cryptocurrency.
What is Dogecoin Exactly?
You probably heard about Bitcoin, Who isn’t.
Just like Bitcoin, Dogecoin is Cryptocurrency.
As compared to other popular Cryptocurrency this is relatively becoming popular recently in the market.
Originally created as a joke for Crypto enthusiasts, within a very short time span it exploded in popularity.
Due to its popularity amongst Crypto traders, this digital currency becomes the Fifth Largest cryptocurrency which has the biggest market cap.
Should you Buy Dogecoin?
In the year 2021, The 2nd year of the Coronavirus pandemic, This digital currency gained more than 5000%.
It gained value especially after Elon musk declared that this is his favorite Cryptocurrency.
Since then almost every new trader is hurrying to buy Dogecoin.
However, whether you should buy this or not depends on several factors and your investment goals.
It has some risks like Bitcoin, Ethereum and works on Blockchain technology.
The main thing about investment in Crypto is you have to hold it for a long time.
Very small news may affect the prices here in a very big way.
If you have a basic understanding of how the cryptocurrency works, Going to hold it for a long time and as long you will invest only a part of your investment in it, you will be fine.
Best App to Buy Dogecoin in the USA
The Best Apps to Buy Dogecoin in the United States of America is Robinhood and Binance App.
Both App is available to download from the Google Play Store and iOS App store.
How to buy dogecoin on Robinhood
Robinhood App is one of the easiest, Simple to use trading and investing Mobile Applications available for Small investors/traders.
Not only the Stock, but you can also use this investing App to Invest in crypto online using your mobile phone.
It already offered other Cryptocurrency and it got Dogecoin as well.
Here is how to Buy Dogecoin on Robinhood-
- First, you need Robinhood Trading Account. Login to your Robinhood Account.
- Head over to the Crypto section and Tap on Dogecoin from here.
- If you are on PC you can use this Direct link – https://robinhood.com/crypto/DOGE.
- Enter the amount you want to invest in USD.
- Click on the Buy button to buy.
How to buy dogecoin on Binance
Binance is the second-best Choice If you want to buy this cryptocurrency and add to your investment portfolio.
Binance is an online Cryptocurrencies Trading platform that offers you to trade in more than 50 Cryptocurrencies with low trading fees.
For US users, the sad thing is, this is not available in all of the 50 US states.
Currently, it will no work for New York, Connecticut, Hawaii, Texas, Vermont, Washington, Louisiana, Idaho users.
If you are living in New York and wondering how to Buy Dogecoin in NY, You can try out AnchorUSD.
Can You Buy buy dogecoin with PayPal?
Depending on the App that you are using for buying and holding cryptocurrency, you can buy dogecoin with Paypal.
If your Crypto wallet or Exchange platform allows you to pay using your PayPal wallet, you can buy it with your Paypal balance.
Suggested: Bitcoin Pro App Review
Best App to Buy Dogecoin in India
Indian Government isn’t in favor of investing in Cryptocurrency.
Due to vague regulation and news that Cryptocurrency holders will be declared criminals Most of the banks steer away to provide a payment gateway to buy crypto in India.
So it means large numbers of Private banks started to Pull away from the cryptocurrency exchanges.
However, It is not clear till now that Government is Completely going to Ban Crypto or just going to regulate it under the law there is few Apps and platform is available that allows you to invest in Cryptocurrency.
Here are a few of those Mobile Applications which you can use-
- WazirX
- Zebpay
- CoinSwitch
- CoinDCX
However, there are few banks not allows to transact you to buy/invest in crypto using a Debit/Credit or net banking account.
It is possible to right now, But we don’t know what will happen if the Cryptocurrency ban actually happens in the country.
Best App to Buy Dogecoin in Canada
If you are Canadian here is the Top 3 Apps that will help you buy Dogecoin in Canada-
- Binance: IT one of the most popular Cryptos investment platforms that are available almost all around the world. Of course, if you are living in Canada you can use it for investing in more than 50 Digital currencies online.
- Kraken: Kraken also offers you to trade in this Trading Currency online. It is one of the best Platforms to Buy, Sell or Hold digital currencies.
- Huobi: Huobi is not only popular in Canada, This Digital Crypto investing and Digital investing platform offers its services to more than 5 million users in more than 130 countries.
