The crypto world has been taken by storm lately, and Dogecoin is at the forefront of attention. With its famous backing from Elon Musk, it’s no surprise that people are eager to invest in this intriguing “meme coin.” Thankfully, purchasing DOGE with PayPal can be achieved quickly and easily using one of the many quality on-market crypto platforms – all you need to get started right away! In this review, we’ll walk you through how to buy Dogecoin on PayPal step by step so that investing in the digital currency space just got a whole lot easier.
How to buy Dogecoin on PayPal
Select a Dogecoin Exchange
The first step in buying Dogecoin with PayPal is finding an exchange that accepts the payment method. Some of the most popular exchanges for Dogecoin are Binance, Kraken, and Coinbase. Each of these platforms offers different features, fees, and security measures – so it’s important to do your research and select one that meets your individual needs.
Create Your Dogecoin Wallet
A Dogecoin wallet is a digital address where you can store Dogecoins once you purchase them. Dogecoin wallets have private keys which are used to access the stored Dogecoins – so it’s important to keep this key secure. Dogecoin wallets come in a variety of forms, and you can choose one based on your preferences – such as a software wallet, paper wallet, hardware wallet or even an online Dogecoin wallet.
Buy Dogecoin with PayPal
After creating your Dogecoin wallet and selecting the best exchange for you, you can now buy Dogecoin using PayPal. When it comes to purchasing Dogecoins on an exchange, the process is similar across platforms – but each will have unique steps you’ll need to follow. Generally, you’ll need to select the Dogecoin trading pair, enter how much Dogecoin you want to purchase, and then pay with PayPal. Once the Dogecoin has been purchased, it should be deposited directly into your Dogecoin wallet.
Monitor Dogecoin Price and Trade
Once you purchase Dogecoins with PayPal, it’s essential to keep an eye on the Dogecoin price. Dogecoin is a volatile asset that can experience significant changes in price over short amounts of time, so it’s important to stay up-to-date with the latest Dogecoin news and market movements.
You can also use Dogecoin exchanges to trade Dogecoins for other crypto assets or fiat currencies – such as USD or EUR.
Buying Dogecoin on PayPal Conclusion
Only a few cryptocurrencies are available for direct PayPal purchases by US and UK-based PayPal customers. Dogecoin is sadly not one of these select few coins. It’s remarkable that you can purchase cryptocurrency on PayPal for as little as $1.
To buy some of the most desired cryptocurrencies, such as Bitcoin and Ethereum, as well as cryptocurrencies with significant upsides, such as Bitcoin Cash and Litecoin. However, this method cannot be used to buy Dogecoin or many other cryptocurrencies. Even so, this could appear helpful at first, especially to novices. There are significant restrictions, at least as compared to purchasing cryptocurrency on exchanges.
