Buy Dogecoin With Debit Card
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Dogecoin(DOGE) has risen in value in 2021 on the back of favorable comments from some big companies and renowned billionaires.
This page explores how to buy DOGE tokens with a debit card. We look at the pros and cons of using debit cards for purchasing Dogecoin.
Top Dogecoin Brokers That Accept Debit Card
Selecting the best platform to buy DOGE tokens may present a challenge. We have done the heavy lifting for you, evaluating all the critical considerations. Here is a list of the top Dogecoin brokers:
What Is a Debit Card Dogecoin Broker?
A debit card Dogecoin broker allows the purchase of funds from debit cards to facilitate the selling and storage of Dogecoin.
Apart from buying and selling, brokers also provide other vehicles of investment. Traders can trade Dogecoin with instruments like a contract for differences(CFDs), spread betting, and margin trading. These allow traders to speculate on the prices of Dogecoin.
What Crypto Platforms Accept Debit Cards?
Debit cards are available on almost every major broker and exchange. Visa and Mastercard debit cards are readily acceptable options. We recommend using platforms that keep your debit card information safe.
Debit cards are accepted across all major categories of crypto platforms.
P2P marketplaces match buyers and sellers. They provide a platform with no central control where sellers can float their Dogecoin and specify the price and other terms. Buyers need to filter payment methods to see sellers who accept debit cards. Funds and cryptocurrency assets are not stored on these platforms, like Localcryptos and Localcoinswap.
Central crypto exchanges are custodial platforms that receive either fiat or crypto in exchange for cryptocurrencies. Major exchanges like Binance and Coinmama accept debit cards. Buyers can fund their accounts in exchange for Dogecoin.
Decentralized exchanges(DEX) provide a peer-to-peer medium for the exchange of fiat and crypto. Investors can buy and sell cryptocurrency with each other without the need for a central authority. Major DEX platforms include PancakeSwap and Uniswap.
Brokers provide a platform where investors can buy and sell crypto for fiat. They offer other trading instruments that allow traders to speculate on prices of crypto like Dogecoin.CFDs and margin trading are some of the popular trading options. eToro and Plus500 are some of the top crypto brokers.
P2P Lending Platforms:
These are peer-to-peer crypto platforms where borrowers meet lenders. Lenders can lend out their crypto assets like Dogecoins. Borrowers load their collateral in either fiat or crypto. Borrowers can therefore deposit funds using their debit cards, e.g., Nexo.
How to Buy Dogecoin With a Debit Card?
Here is a detailed step-by-step guide to purchasing Dogecoin with a debit card.
Step 1: Find a suitable account
Step 2: Sign up and fund the account
Step 3: Make the purchase
Step 4: Secure storage
How to Deposit and Withdraw via Debit Card?
The exchange has to accept debit cards as a funding option. Check with the card issuer to see if they accept crypto purchases or attempt linking the card to the exchange.
Here is a step by step process of linking your debit card to the exchange and making a deposit
Step 1: Follow the relevant steps
Step 2: Select the currency and the amount
Step 3: Enter card information
Step 4: Confirmation
You need to have funds in your account. Some exchanges will require a minimum amount before withdrawals.
Step 1: Follow the relevant steps
Step 2: Select the currency and the amount
Step 3: Select or add credit card
Step 4: Withdrawal confirmation
Step 5: Funds confirmation
What Should I Look for in a Debit Card Dogecoin Broker?
Debit cards are linked directly to your bank account.
Check Accepted Debit Cards:
Check if the broker accepts debit cards. If you already have a debit card, check to see if it’s allowed on a broker/exchange. Other brokerages/exchanges will only accept a 3D secure debit card.
There are various fees, including deposit, withdrawal, convenience, and trading fees. To make the most out of your Dogecoin investment, ensure that fees and commissions are minimal. Check the charges by searching “Exchange name fee schedule” on Google.
Confirm that the broker allows for the transfer of your DOGE tokens out of the exchange. It is necessary to secure your Dogecoin in an external wallet.
Ease of Use:
An intuitive user interface makes buying and selling crypto feel less intimidating. Beginners should check for platforms that are the least complicated to avoid making errors. We recommend using platforms that provide blogs or videos.
Variety of Trading Options:
Apart from buying Dogecoin, investors can profit using trading instruments. Please note that many brokers may only offer spot trading and CFDs for Dogecoin.
Like any other crypto, Dogecoin prices are volatile and need careful monitoring. Traders need to learn the use of risk management tools. Some of these features include Stop Loss for trading. Brokers provide these automated features, which may limit the losses on your Dogecoin investment.
Since using debit cards needs submitting card details, you need to ascertain if the platform is regulated. Regulated brokers are a good bet since the law directs them not to misuse information from their clients.
Before signing up with a broker, check for reviews online. Sites like Trust pilot and Google reviews provide a good starting point. Forums like Reddit and Discord are also an alternative. You may likely see details about customer service, fees, and user interface.
A good broker will quickly resolve issues through various channels like phone, live chat, Facebook, and email.
Should I Buy Dogecoin Using a Debit Card?
Is Using a Debit Card the Best Method to Buy Dogecoin?
Debit cards are a great way to buy Dogecoin due to their effortless and super quick transactions. They are also available in a majority of exchanges.
However, those looking for minimal fees and privacy may want to look elsewhere. Other viable alternatives include bank transfers and e-wallets.
What Are the Alternative Payment Methods To Buy Dogecoin With?
Supported by many exchanges/brokers. It is ideal for small and large deposits. Bank transfer options depending on your region. Here are some examples:
SEPA - Europe
Faster payments - UK
ACH - USA
Direct entry - Australia
Paypal, Advcash, Neteller, and Venmo are some of the e-wallets integrated as payment options in exchanges. They are comfortable to use for experienced users, and account opening and verification are simple.
3D secure credit cards are also a popular option. Banks can advance a line of credit for you which you can utilize to buy Dogecoin. Confirm if your bank accepts the use of their card on crypto platforms.
It is possible to buy Dogecoin with cryptocurrencies like Bitcoin, Ethereum, and USDT. Deposit the crypto onto an exchange and swap it for Dogecoin. Minimal fees characterize these transactions.
It is an electronic means of transfer that works similarly to a bank transfer. There are international and domestic wire transfers. These transfers usually have higher limits. They are therefore preferred for more significant deposits, especially by institutional investors.
Dogecoin has seen its value grow exponentially in 2021, thanks in part to tweets and endorsement by companies and individuals. However, it is important to note that memecoins derive their value from their cultural status and not any real underlying value, so their future value is questionable. Also, negative online comments from backers can also affect its current price. The cryptocurrency market is highly volatile and you should invest only what you are willing to lose.
Debit cards provide a super quick method to fund your Dogecoin purchase. They are backed by the funds in your account.
Selecting a good debit card broker/exchange is vital for a good experience and successful investment. Consider the reputation, fees, and security of the platform before signing up.