Are you looking to Buying Dogecoin on eToro ? If Yes, then you are at right place ! In this article , we Will discuss about “How To Buy Dogecoin On eToro” in a step by step manner.
For buying Dogecoin, eToro is an good option because it is easy to use, its fees is low, and it provides a number of services and facilities, which helps you to make trading decision. In addition, eToro is regulated by Financial Conduct Authority (FCA), it means that your money is safe and secure .
For buying Dogecoin on eToro, you will need to create an account on eToro, verify your individual details and fund your eToro account. Once you have done this, then you can search Dogecoin on eToro Platform and place an order. Then eToro will buy your Doge coin and store it in your account.
Doge Coin History and Background
Dogecoin is an Cryptocurrency developed by software Engineers Billy Markus and Jackson Palmer in the year 2013. It is based on popular internet meme ” doge ” and Shiba Inu dog Picture is used as logo. Dogecoin is fork of Luckycoin, which itself is a fork of Litecoin.
DogeCoin was basically developed as meme, but due its meme based marketing and low price, it gained popularity with speed. In 2021, because of the tweet from Elon Musk, Mark Cuban and other popular celebrities, the doge coin experienced a remarkable price surge making all time high of $0.73 on May 8, 2023.
Coin Symbol and Details
The symbol for Dogecoin is DOGE, the block time of Doge is less than 1 minute other details of Doge are listed below.
| Symbol | Ð |
| Market cap | $10,589,547,031 |
| Circulating supply | 140,551,416,384 DOGE |
| Total supply | 140,551,416,384 DOGE |
| Max. supply | ∞ |
| Fully diluted market cap | $10,589,547,031 |
| Famous trading platforms | Binance, Coinbase, Kraken, Huobi Global, Crypto.com, eToro etc. |
Doge Coin Price History
Dogecoin Price has been volatile since its invention. It has faced many increase and decline in prices based on Various Celebrities Supports. In 2021, because of the tweet from Elon Musk, Mark Cuban and other popular celebrities, the doge coin experienced a remarkable price surge making all time high of $0.73 on may 8, 2023. As of Today on August 12, 2023 the Doge price is $0.0762.
The Following is the Chart Showing Price history of Doge Coin :
Why Is Dogecoin Down ?
In recent months the price of Dogecoin has Declined due to some reasons. On reason behind it is that overall Crypto market is in Bearish Phase. And Second Reason is that DogeCoin is Facing Competition form Other meme Coins Such as Shiba Inu and Folki Inu.
Should I Buy Dogecoin ?
Whether you should Buy Dogecoin or Not, this decision is all yours. There are many factors to think about while investing in Dogecoin Such as Investment Goal, Risk tolerance and time duration.
There both positive and negative sentiments for the investment in Dogecoin Some of the analyst believe that Dogecoin (is a meme coin) do not have any working project so there are chances that it can collapse whereas some analyst believes that that it is a coin which can give you high investment results. While, it is to be kept in mind that Dogecoin is an volatile cryptocurrency and there are chances that there might be a decline in its price in near future. Overall, is a good opportunity for Short term goals, but for long term you should invest in coins having good potential and have any working project.
How To Buy Dogecoin On eToro ?
We have discussed about “ How To Buy Dogecoin On eToro ” in simple and step by step manner below :
- Create an account on eToro: You can make free of cost account on eToro. All you need is go to eToro website and click on “Join Now” Button. You have to enter some basic details such as your name, email address and password.
- Deposit funds into your account: Once the Account is created, all you need is fund the account. You can add funds with the help of Credit Card, Debit Card, Bank Transfer or PayPal.
- Search for “DOGE” on the eToro trading platform: Once you have funded your eToro account, Now you can trade for buying the DogeCoin. To do this, go to the “Trade Markets” tab and search for “DOGE”.
- Click on the “Trade” button to open the order window: Once you have found Doge Coin, click on the “Trade” button to open the order window
- Enter the amount of DOGE you want to buy or sell: In the order window you need to enter the quantity of Dogecoins you need to Buy or Sell. You can set up Stop loss and Take Profit also.
- Choose a trading type (market order or limit order): There are two types of orders you can place on eToro: Market Order and Limit Order. In Market Order you can buy coins at the current market price whereas in Limit Order you can place a order at your desired price.
- Click on the “Open Trade” button to place your order: Once you have entered all of your trade details, then for giving your Order click on “Open Trade”.
Once your Order is Executed, You can check the balance by clicking on “ Portfolio” Tab. You can also track the real time price of Dogecoin on eToro.
Conclusion of How To Buy Dogecoin On eToro :
In this article we have discussed about ” How to Buy Dogecoin on eToro ” in detail. Doge coin is a popular meme coin which have experienced Ups and downs in its history. Whether you should Buy Dogecoin or Not, this decision is all yours. There are many factors to think about while investing in Dogecoin Such as Investment Goal, Risk tolerance and time duration.
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