Buy Dogecoin With PayPal

PayPal is a popular method of buying crypto due to its speed, security, and accessibility. This guide will discuss the best brokers, exchanges, and apps that accept PayPal and walk you through how to buy Dogecoin.

We selected the platforms featured here based on important factors such as features, fees, and user experience. This guide should help you decide which platform is right for you.

Top Dogecoin Brokers That Accept PayPal

How We Compare

In the comparison table, we include crucial information such as tradable instruments, fees, and ease of use so if you are new to cryptocurrencies, you know which platforms are the easiest to navigate and where to go to avoid hefty transfer fees. For your peace of mind while trading, we state whether or not each platform is regulatory-approved and by which institutions.

We even add our own overall rating of each crypto platform.

As with any investment, the decision to enter the cryptocurrency market requires thorough research. You can rely on us to provide the most up-to-date and accurate information, as we only use credible and reputable sources for our content. This puts investors in the best position to make smart crypto decisions.

Best Ways to Buy Dogecoin With PayPal

You can buy Dogecoin with PayPal using several methods. Below is the list of the most common ones, each one having its own advantages and disadvantages:

• Dogecoin brokers

• Dogecoin derivatives such as CFDs

• Dogecoin exchanges

• Dogecoin P2P services

• Dogecoin apps

Best brokers to buy Dogecoin with PayPal

Brokers have been labeled as one of the easiest and most convenient methods for buying Dogecoin. This is helpful for beginners who want to have a smooth experience while exploring investment options in the diverse world of cryptocurrencies. A fee is charged by the broker to administer the process of selling and buying Dogecoin for the customers.

The providers listed in the table above offer highly intuitive user interfaces, have solid reputations, and charge transparent fees. Additionally, these platforms allow you to buy and sell a wide range of cryptocurrencies, which is a bonus if you are interested in cryptocurrencies other than Dogecoin.

eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

eToro – Highly regulated by trusted organizations

The trusted organizations regulating eToro include the CySEC and FCA, hence ensuring a safe ecosystem to buy and sell Dogecoin. We also recommend eToro because it observes a flat-rate fee of 1% on cryptocurrency transactions, as well as low requirements for a minimum deposit.

Furthermore, the revolutionary CopyTrader feature from eToro allows users to copy the trading patterns of other experienced traders on the platform. This is a great way for beginners to immerse themselves in cryptocurrency trading.

Notable downsides of eToro include the lack of direct crypto-to-crypto trading pairs, higher crypto trading fees than competitors, and the inactivity fee.

How to buy Dogecoin on eToro with PayPal: step-by-step guide

Best CFD brokers to buy Dogecoin with PayPal

CFD brokers allow you to enter into a contract where you settle on the difference between the value of an asset like Dogecoin when the contract ends and at the time of buying.

This transaction type does not give you ownership of Dogecoin. Instead, it offers you the opportunity to profit from price movements by predicting if the cryptocurrency will go down or up over an agreed-upon timeframe.

However, in the United States, CFD trading is considered to be an illegal activity. This can be attributed to CFD’s status as an over-the-counter (OTC) product. As a result, CFD trading systems are not available in the United States. The opening of a CFD account on local and international platforms is prohibited by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Best Dogecoin Exchanges to Buy Dogecoin with PayPal

Dogecoin exchanges facilitate the buying and selling of Dogecoin using altcoins and fiat currencies. These exchanges function in a similar manner to online brokerage platforms while offering you the tools for trading cryptocurrencies with minimal friction.

The Dogecoin exchanges listed in the table above provide the best features, have robust security, operate under strict regulations, and have easy-to-navigate user interfaces. The approachable design of the platforms means beginners should be able to learn how to use different functionalities without getting overwhelmed.

eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

How to buy Dogecoin with PayPal on an exchange

Dogecoin is one of the most popular cryptocurrencies. Despite being the first “meme coin,” it is still a legitimate investment opportunity. This popularity means that many exchanges offer Dogecoin trading, so finding one should not be difficult. Some of these top exchanges include eToro, Crypto.com, Kraken, Binance, Coinbase, and more.

To start the trading process at one of these exchanges, you’ll need to create a new account and complete the KYC verification process before depositing funds with PayPal. Unfortunately, not every exchange supports PayPal deposits.

Once you have created an account, navigate to the deposit page and choose PayPal as a payment method. You may face deposit limitations regarding the accepted fiat currencies or the deposit size per transaction.

How to find Dogecoin on an exchange

Start by navigating to the trading section of the platform and search for Dogecoin using a search bar or scan the list of cryptocurrencies. DOGE is the trading symbol of Dogecoin.

Swapping Altcoins for Dogecoin

Start by buying Dogecoin by following the process outlined above and looking for the altcoin you want to buy. Now, click on the altcoin’s buy button and select Dogecoin as the cryptocurrency to swap for the desired altcoin.

Additionally, you can purchase Dogecoin with other cryptocurrencies without the need to use PayPal. You can complete this process by using the search bar at your trading platform of choice and searching for Dogecoin. Click on Dogecoin’s buy button and choose the cryptocurrency you wish to trade. The list of cryptocurrencies available for trading and investment varies from one exchange to another.

Can I Use Decentralized Exchanges With PayPal?

Decentralized exchanges (DEXs) first appeared in 2014 and provided users with a way to trade and invest in cryptocurrencies without the involvement of an intermediary. This allows trading in the non-custodial and peer-to-peer ecosystem; hence no registration process is involved. All you have to do is connect your decentralized wallet like MetaMask to enter into a DEX and start using it for receiving/sending tokens while enjoying anonymity.

Hence, it’s understandable why PayPal is not an option when dealing with decentralized exchanges. That’s because interacting with a decentralized exchange requires using tokens stored in decentralized wallets. You can use PayPal to buy cryptocurrency from other platforms like Coinbase, transfer the acquired crypto into your decentralized wallet, connect the wallet to the DEX, and use the deposited crypto to trade or buy cryptocurrencies on the DEX.

Best Dogecoin P2P Platforms to Buy Dogecoin With PayPal

Dogecoin P2P platforms allow users to trade coins directly. These platforms work by allowing sellers to create posts that specify the coin’s price, accepted payment method, and amount of time allowed to complete the payment.

However, we couldn’t find any genuine Dogecoin P2P platforms operating in the United States and accepting PayPal as the deposit method.

Crypto.com – Top Provider for Large Choice of Cryptocurrencies

Crypto.com is one of the most popular cryptocurrency exchanges in the world, offering more than 230 coins and 390+ trading pairs. In addition to an extensive list of cryptocurrencies available on this exchange, Crypto.com is also known for offering a low trading fee ranging from 0% to 0.0750%, which varies based on the 30-day spot trading volume. Interestingly, there is no minimum threshold for the trading amount, and the users have complete flexibility in this matter.

The mobile app version of Crypto.com has also garnered a competitive rating on the App Store (4.3 out of 5) and Google Play Store (4.5 stars).

Users feel confident managing their digital finances using the Crypto.com mobile app and love its flawless design principles. The only drawback we found about this exchange was a slow response from the customer support team.

Best Apps to Buy Dogecoin With PayPal

A mobile app is a convenient method to buy and sell cryptocurrency while on the move. The app offers the same functionality that is provided on the desktop browser. The table below illustrates the top 3 mobile apps for using PayPal to buy Dogecoin.

The mobile apps listed in the table above were chosen over other options because they are known for offering a wide range of cryptocurrencies and low trading fees while operating under a strict regulatory environment. Also, the user interfaces of these applications are designed to deliver a smooth trading experience – even for users using the platform for the first time.

eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

eToro App – top choice for user-friendliness

Users who are new to the eToro app can start trading Dogecoin on it without the need to flip through the help documentation or constantly message the support team as the user interface is very intuitive. Most importantly, the features offered on the mobile app are identical to what is offered on the desktop version.

The 2FA (Two-Factor Authentication) from eToro adds an additional layer of security while logging in, withdrawing funds, or performing any other sensitive action. Additionally, a lot of deposit options are available, including but not limited to PayPal.

eToro does have some drawbacks such as long response time from the customer support team, lack of advanced order types, and higher fees than competitors.

Buy Dogecoin on eToro App With PayPal: Step-By-Step Guide

Buy Dogecoin directly on the PayPal app

It’s not possible to buy Dogecoin directly using the PayPal app because it offers only four cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

Exchange or a Broker: What Are the Differences When Buying Dogecoin With PayPal?

Buying Dogecoin with PayPal on an exchange or broker offers a seamless experience, but you should understand the differences between them. In this section, we will take a closer look at them to help you decide on the one that suits your requirements.

Buying Dogecoin with PayPal using an exchange

Deposit methods like PayPal can be used to buy Dogecoin on centralized exchanges. These platforms match buy orders with sell orders and charge a trading fee for doing so. Benefits include an easy-to-use interface, compliance with regulations, insurance, and more.

Buying Dogecoin With PayPal Using a CFD Broker

Dogecoin CFD brokers enable investors to earn a profit by predicting if the price of the cryptocurrency will fall or rise over a time period specified in the contract. CFD broker transactions will not provide you with ownership of the asset – it’s just a speculative transaction.

Is It Worth Buying Dogecoin With PayPal?

In this section, we’ll look at whether using PayPal to buy Dogecoin is a good choice. Overall, it’s a great method, and there are several reasons for it, including availability on the top platforms, fast transaction speed, and more. However, you are limited by the amount of Dogecoin that you can purchase in a single transaction, and the limits vary depending on the platform you are using.

Is PayPal the fastest way to buy Dogecoin?

PayPal is undoubtedly a great option if you want to get your hands on Dogecoin faster. This payment processor has an instant processing time (reportedly 193 transactions per second) in the majority of cases. However, the customer service team may freeze the transaction for verification purposes. You can also enjoy instant Dogecoin buying with a credit card.

Is PayPal the safest way to buy Dogecoin?

PayPal has been successful in establishing itself as a trusted money transfer service; hence users can rely upon this platform for the safe purchasing of Dogecoin. Moreover, PayPal operates in accordance with the laws and regulations designed for the payment industry. Additionally, the 2-factor authentication process further safeguards the login and transaction mechanisms.

Is PayPal the cheapest way to buy Dogecoin?

Platforms like eToro do not charge a fee for depositing funds via PayPal, which makes it one of the cheapest options available. If you wish to buy crypto directly from PayPal, then the incurred fees can range anywhere between $0.50 and 1.8%. However, it is to be noted that Dogecoin cannot be bought directly from PayPal.

What Are the Fees When Buying Dogecoin With PayPal?

Assuming you deposited $1,000 via PayPal and used it to buy DOGE and sell it again, the table below shows the fees you might expect to pay for some of the top platforms.

Is Buying Dogecoin With PayPal Anonymous?

It is not possible to buy Dogecoin anonymously with PayPal as both PayPal and crypto platforms that accept it require users to provide personal details.

Can You Buy Dogecoin With PayPal Without Verification or KYC?

Most platforms that allow you to buy Dogecoin with PayPal require KYC verification. This includes buying on exchanges, brokers, and within the PayPal app itself.

Can You Buy Dogecoin With PayPal Without Registration?

No. Registration is required to use PayPal as a method of funding your account for buying Dogecoin. Additionally, you will need to register an account on the platform where you wish to purchase Dogecoin, such as eToro. The registration process on most platforms consumes only a few minutes before you can access your new account.

Reasons to Buy Dogecoin With PayPal

When selecting a payment method for buying Dogecoin, you will need to explore the benefits of each one to find what works best for you. PayPal is a competitive payment processor because most transactions are processed instantly, and it doesn’t charge any additional payment processing fees.

Alternative Payment Options to Buy Dogecoin With USD

It’s handy to have access to alternative methods of buying Dogecoin if your primary mode of payment fails. This section provides practical alternatives that offer something for everyone.

Buy Dogecoin With Debit Card, Credit Card, or Amex

Debit or credit cards are excellent methods of buying Dogecoin because they are widely available, and you likely already have one. Therefore, you do not need to register a new account with another payment processor. The top cards you can select for buying Dogecoin include PaySafeCard and Prepaid Card.

Buy Dogecoin With Bank Transfer

Most individuals have a bank account, so it’s a readily available method of buying Dogecoin. Due to strict regulations, banks are a safe place to store money. A bank transfer is an easy-to-use and convenient method to fund your cryptocurrency exchange or broker account. Some of the top platforms accepting bank transfers include Coinbase and eToro.

Buy Dogecoin With PaySafeCard

If you’re after anonymity and don’t have a bank account, then a PaySafeCard is a good option for buying Dogecoin. PaySafeCard purchases attach no personal information, so you can buy cryptocurrencies without revealing your identity.

Buy Dogecoin With PayPal on Digital Wallets

You cannot directly buy cryptocurrencies from digital wallets like Apple Pay, Google Pay, and Neteller, but you can use them as the mode of deposit on platforms like Paxful and eToro that allow users to top-up the account using digital wallets. However, please note that Paxful does not allow trading or investing in Dogecoin.

What to Consider When Buying Dogecoin With PayPal

Before you can purchase Dogecoin, you need to understand the top considerations to choose the best platform and set the right expectations.

• Safety: Think about where you will store the Dogecoin after purchasing. Figure out if you want to transfer the Dogecoin to a wallet for safekeeping or keep it on the platform.

• Taxes: Depending on your location, you may need to pay taxes on gains earned from trading cryptocurrencies such as Dogecoin. For example, in the United States, you need to report the gains and losses on IRS FORM 8949.

• PayPal support: to use PayPal for funding your account, make sure that it’s one of the available options.

• Amount: Think about how many Dogecoins you are comfortable buying. Overall, cryptocurrencies are more volatile than fiat currencies, so you need to set the right expectations.

• Fees: The same transaction can have very different fee structures, depending on what platform you are using. Some platforms offering Dogecoin do not charge a fee for depositing funds with PayPal, but you might get charged for withdrawals.

How to Sell Dogecoin Using PayPal

You cannot sell Dogecoin directly using PayPal because PayPal only supports the buying, selling, and storage of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, you can sell DOGE on the platform where you bought it and then withdraw your fiat funds using PayPal.

Do All Platforms Accept PayPal to Buy Dogecoin?

Unfortunately, not all Dogecoin exchanges accept PayPal as the deposit method. Hence, it is important for you to confirm the available deposit options before registering a new account.

Should I Buy Dogecoin With PayPal?

To summarize, purchasing Dogecoin with PayPal is a great choice because of the instant processing time, no deposit fees, and wide availability. PayPal is a popular fintech company; hence, some of the top cryptocurrency trading platforms allow using it as a deposit option.

However, you should understand that some platforms do not allow you to buy Dogecoin or any other cryptocurrency using PayPal as the deposit option. Dogecoin is also not available to buy directly from the PayPal app.

Examples of where you can buy Dogecoin with PayPal include eToro, Coinbase, and more.

Can I Buy Any Other Cryptocurrencies With PayPal?

Yes, PayPal is accepted as the deposit method on some cryptocurrency exchanges that offer 100+ cryptocurrencies to trade or invest in. You can fund your exchange account with fiat using PayPal and then use the deposited funds to acquire any cryptocurrency available on the platform.

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