Can You Buy Dogecoin On Cash App & What are its Best Alternatives?
Cash App is envisioned as one of the easy-to-access finance apps, helping over 50 million people send, receive, and invest money. It allows users to buy cryptocurrencies like Bitcoin. Unfortunately, you can’t buy Dogecoin using the Cash App. Hence, investors must look for an alternative to Cash App for buying this P2P digital currency.
Cash App developers haven’t included dogecoin in the listing. They didn’t also reveal whether it is possible to add this cryptocurrency to the app. Thus, you must download and install an app to buy dogecoin. Let us clarify that many apps are available for iOS and Android users to buy this currency.
High market volatility and risk are involved with this cryptocurrency. Thus, many people avoid investing in Dogecoin and look for other options. Investors must know about dogecoin investment. Choosing the right app is also essential to avoid security issues when buying Dogecoin.
Let’s learn the easy steps to buy Dogecoin using the best Cash App alternatives:
How Can You Buy Dogecoin?
Use an online platform that allows you to access digital wallets or helps you to transfer funds to and from banks. Moreover, you must check whether Dogecoin is listed on the app. Investing or buying Dogecoin is similar to buying cryptocurrencies like Bitcoin.
Here are the steps for first-time investors on how to buy Dogecoin:
Open an Account on Cryptocurrency Exchange
The first step is to create a cryptocurrency exchange account. When opening the account, the digital platform might ask you to provide details like your email address, contact number, password, and name.
Platforms like Gemini, eToro, Robinhood, and Webull allow investors to buy Dogecoin. Choose the one that is safe to use and compare their features. Do you want to open an account on a licensed cryptocurrency exchange platform? Completing the “Know Your Customer” (KYC) process is essential for buying Dogecoin.
Transfer Money to Your Linked Account
Many Cash App alternatives allow you to buy Dogecoin with fiat currencies like USD or AUD. Besides, users can choose from different deposit methods to transfer money, including credit and debit cards and e-wallets.
Some platforms have the option for direct bank transfers for users’ convenience.
However, a few Dogecoin investment platforms charge higher fees for using some deposit methods. So, you must always check the fees the platform takes to transfer funds into the account.
Use the Platform to Buy Dogecoin
Access the platform which supports cryptocurrencies like Dogecoin. Enter the amount that you want to buy. Some platforms allow you to buy Dogecoin with other cryptocurrencies. The app will calculate the equivalent DODGE amount based on the recent market value.
Investors must double-check the transaction details before buying Dogecoin from any platform. Additionally, you must check the total purchase cost before transacting the selected amount. It will help you to avoid transaction errors. The platform might display a confirmation message before the transaction. Select “Yes” to complete the Dogecoin buying process.
4 Best Cash App Alternatives to Buy Dogecoin in 2023
Choosing the best app to buy Dogecoin can be challenging for first-time traders. You might find 20+ options to buy and sell this cryptocurrency. Compare the commission fees of these different apps before making the ultimate decision. Select the platform that charges the lowest fees for buying Dogecoin.
Here are the best Cash App alternatives which you can use to buy Dogecoin:
1. eToro
You must have heard about this investment app. Yoni Assia, David Ring, and Ronen Assia are eToro’s founders. Over 25 million people in 140 countries use this trading platform. This app is best for buying Dogecoin and is recommended by top investors.
Moreover, this investment app offers users 40+ financial assets to trade in. eToro is ideal for first-time investors. It has easy-to-use trading features for newbies. Besides, you can gain experience and knowledge from the best traders in eToro. This platform is perfect if you want to learn the pros and cons of buying Dogecoin.
How Much is Toro’s Commission Fees?
You can create an account on eToro without paying any additional fee. However, it charges a 1% commission fee when buying cryptocurrencies like Dogecoin. Investors must also pay the conversion fees when using this online platform.
2. Uphold
Uphold lets users buy and sell 250+ cryptocurrencies, including Dogecoin. Over 10 million people use this platform in 150 countries. Traders can manage their portfolios using iOS, Android, and Windows devices.
It has cross-platform compatibility so you can buy Dogecoin from any mobile device with Uphold. Moreover, users can reduce the price volatility impact by scheduling regular transactions on this app. You can buy or trade cryptocurrencies in one click with Uphold.
Does Uphold charge a Deposit Fee?
Uphold sets a minimum deposit fee for traders who buy or sell cryptocurrencies like Dogecoin. They must pay an £8 deposit fee and a 1.5% transaction fee for buying the P2P digital currency. However, this app doesn’t charge a fee for creating an account.
3. Coinbase
It is another excellent alternative to the Cash App for buying Dogecoin. This trading app is compatible with the latest iOS and Android devices. You can download and install Coinbase for free on your smartphones and tablets using the internet.
This online platform offers 50 cryptocurrencies, including Dogecoin, in 100+ countries. It has a simple and intuitive interface that makes the P2P digital currency buying process more manageable. Moreover, creating a Coinbase account takes less than a minute.
How Much is Coinbase’s Transaction Fees?
Coinbase users must pay a 1% transaction fee when buying or trading cryptocurrencies like Dogecoin. However, no minimum deposit amount is set for the investors in this app, like Uphold.
4. Binance
Binance is a popular choice among the top investors worldwide. It allows users to buy several cryptocurrencies, including Dogecoin, with the lowest fees. Besides, this Cash app alternative uses high-end security measures to protect the users’ data from cybercriminals.
You only need to create a free Binance app or website account with your email address and phone number. Tap on the “Buy Crypto” link to buy Dogecoin. Binance supports different payment methods, including credit and debit cards. Transferring fiat currency from your bank account to this app is also easy.
How much is Binance’s Transaction Fees?
Binance charges a 0.1% transaction fee for buying and selling cryptocurrencies. The app still needs to set a minimum deposit amount for the investors. However, you can’t trade less than £8 worth of crypto on this digital platform.
Other Cash App Alternatives You Must Use to Buy Dogecoin
You can use Bitpanda, which is available on Apple and Android devices. Traders must sign up for an account to buy Dogecoin without security threats. Confirm your email address and identity with Bitpanda’s trusted verification partners.
Deposit funds and buy Dogecoin on this platform once the verification process is complete. Additionally, you can use Kraken, a great alternative to the Cash App. Create an account on their mobile app or site and verify your account.
Select “Buy Crypto” and write “DOGE” in the Kraken app’s search bar. Choose “DOGE/UST” from the options list and enter the Dogecoin amount you want to buy. Tap on “Buy DOGE” to complete the process on Kraken. So, choose the app that charges the lowest transaction and commission fee to buy Dogecoin.
