How to Buy Dogecoin with Paypal?

Since the start of 2021, Dogecoin has recorded an impressive performance that attracts the attention of almost every crypto-enthusiast in the community. Despite the ups and downs in recent months, investors still buy Dogecoin more than ever. during this blog, we’ll discuss how to buy dogecoin with paypal.

While there are many different ways you can invest in Dogecoin, during this article we will focus on one of the most popular payment methods in the world – PayPal.

Let’s re-evaluate some of the basic features of this cool cryptocurrency and explain how to buy Dogecoin with PayPal.

How to Buy Dogecoin with PayPal 2022?

If you do not have time to read our entire tutorial, here may be a brief summary of how to purchase Dogecoin using PayPal.

Make your investment in a matter of minutes by following these few straightforward steps:

Step 1: Create an eToro account – Visit the official eToro website and click on “Join Now” to create an account. Fill in the necessary information such as email, name, telephone number, etc., and verify the account with a replica of your passport/driver’s license.

Step 2: Fund your account with PayPal – To fund your new account, click “Deposit” and choose PayPal as the deposit option. Follow the instructions to attach your PayPal account and enter the amount you want to transfer.

Step 3: Buy Dogecoin. to seek out the cryptocurrency, type “DOGE” into the search bar. Next, select “Trade” and enter the number of DOGE you wish to purchase. so as to complete the purchase, click “Open Trade.”

What is Dogecoin?

Dogecoin is usually considered the “leader” of the coin meme. Interestingly, the idea behind it is that it serves as a “sarcastic” alternative to Bitcoin.

Both the Dogecoin name and logo have supported the dog Shiba Inu, one of the most popular memes on the internet.

Despite the very fact that the project was initially intended as a joke, its blockchain has some applications. as example, limitless supply and a coffee price are intriguing benefits.

While the first years of Dogecoin weren’t very promising, things changed in 2021 when the worth of a token suddenly skyrocketed. this is often mainly due to endorsements from influential entrepreneurs like Elon Musk, Mark Cuban, and Snoop Dogg.

Dogecoin price hit an all-time high in May 2021, but since then it’s experienced a series of drops. However, the developers have announced some pretty interesting plans for 2022, attracting many investors looking to profit within the following months.

The crypto asset may be a highly volatile unregulated investment product.

Dogecoin Price Prediction

Since Dogecoin is naturally a coin that does not bring much utility to its holders, its growth will largely depend upon the amount of support it receives from influencers on the network. society.

However, as we said, the developers have announced the discharge of several new features that will improve the usefulness of the token. for instance, one of the main goals is to make Dogecoin a suitable payment alternative for users around the world.

In addition, Elon Musk announced that his company will launch a Dogecoin-funded space mission within the first half of 2022, which can certainly increase its value.

That said, an inexpensive Dogecoin price prediction for 2022 will end the year somewhere around $0.30.

Longer term, we will expect Dogecoin to hit an all-time high of $2.5-$3 within the subsequent few years, possibly late 2026.

 

Of course, all of this may depend on the volatility of the crypto market and whether there are any new significant impacts. for instance , Coronavirus are some things that no expert could have predicted.

Advantages of shopping for Dogecoin with PayPal

When buying Dogecoin, users have many various payment methods to choose from. However, buying DOGE with PayPal has some benefits that other options don’t include.

Quick Deposits/Withdrawals

The main benefit of PayPal is that deposits and withdrawals can be made almost instantly. This feature is crucial to several traders in the fast-paced world of cryptocurrency, especially once they spot new opportunities and want to seize them right away.

Advanced Safety Measures

One of PayPal’s main trademarks over the years has been its excellent security measures. A high-quality encoding system keeps accounts from being hacked.

Supports Numerous Currencies

Users have plenty of flexibility when it comes to getting Dogecoin cheaply thanks to PayPal’s support for over 25 different currencies. With just some button clicks, PayPal makes it simple to simply accept payments in dollars and then convert them to euros.

Where to shop for Dogecoin with PayPal?

Considering the very fact that PayPal is one of the most popular online payment platforms, it’s no surprise that nearly every crypto exchange has it. However, not all exchanges offer the identical products. For more details read this great guide on how to buy dogecoin 2022.

Here may be a list of the best crypto exchanges that you can use to buy Dogecoin with PayPal

eToro – Best Overall Exchange to shop for Dogecoin with PayPal

Given that PayPal is one of the most widely used online payment methods, it’s not surprising that almost all cryptocurrency exchanges support it. However, not all exchanges offer the identical commodities. For more detailed information, read this amazing guide how to buy dogecoin 2022.

Binance – Largest Asset Selection

The runner-up platform to buy DOGE with PayPal is Binance. With the most important asset collection in the industry, users can choose between over 500 crypto assets to invest in.

There also are many advanced features such as charting tools and technical price indicators. However, when it involves fees and security, Binance doesn’t offer much of a plus over eToro.

Coinbase – Best Educational Resources

Coinbase could be the best option for newcomers who are looking for informational materials on how to start trading cryptocurrencies. There aren’t many platforms that will compete with Coinbase in this area since it offers more than a hundred reading materials and video guides.

The cost is Coinbase’s biggest drawback. In addition to the fixed spread fee for DOGE transactions, the platform levies a flat fee based on the volume of trades made by users.

How to Buy Dogecoin with PayPal – The Takeaway

Finding the right way to buy Dogecoin with PayPal can sometimes be a bit confusing, especially if you are a new trader. We hope this guide helped you through the process and you have now successfully purchased your first DOGE token.

While it’s not hard to find a PayPal-integrated platform to buy Dogecoin, it does take some time to figure out which platform offers the best deals.

Considering all the different factors, we recommend purchasing through eToro. As one of the leading cryptocurrency exchange platforms in the industry, eToro can be used by both new and experienced traders

Also read: Instant Checkmate Free Alternative

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Mukul Patwa
Mukul Patwa
I am a senior contributor and blogger at Backlinks Media.