Dogecoin (DOGE) had a remarkable 2021 and continues to be one of the most popular digital assets in the cryptocurrency market.
Due to increasing demand, many crypto exchanges and wallets are offering Dogecoin as an option for buying, selling, and storing coins.
For those looking to buy DOGE with PayPal, there are several options that offer you secure transactions at reasonable fees. In this article, we’re going to compare some of the best platforms for buying Dogecoin with PayPal in 2023, so you can make an informed decision on where to invest your money.
Where to buy Dogecoin with PayPal in 2023?
PayPal is one of the most popular online payment platforms and is available on almost every crypto exchange. However, not all exchanges offer the same payment options. PayPal has often been shunned in the past due to chargebacks on crypto exchanges. Nevertheless, there are a few providers where you can currently buy Dogecoin with PayPal. Below is a list of the best crypto exchanges where you can pay for Dogecoin with PayPal.
Binance
Another excellent way to buy Dogecoin is with the popular crypto exchange Binance. It is the largest platform in this industry, with more than 100 million registered users at the time of writing this article.
To buy DOGE on Binance, you have two options if you want to use US dollars: deposit via bank transfer or ACH (without transaction fees) or deposit via debit or credit card (although with a 4.5% fee and an additional fee of 0.5% for the buy it now). In addition, you can also deposit digital currencies from your private wallet at Binance and exchange them into Dogecoin, which only costs 0.10% commission.
To ensure the safety of your funds, Binance offers a variety of security controls such as two-factor authentication upon initial registration and each subsequent login attempt, and IP address whitelisting, so additional verification is required when you log in Log in from a new location. Additionally, Binance has its SAFU feature – a reserve pot that collects funds from transaction fees that can be used to pay back account holders in the event of a hack.
When it comes to trading the digital currency itself, Binance not only offers spot trading on a pair of DOGE/USDT (Tether) but also leveraged margin trading. This allows users to increase their profits by accessing more capital without having to wager collateral.
| Advantages | Disadvantages |
|---|---|
| ✔ Largest and most popular cryptocurrency broker | ✗ Additional fees for debit/credit card deposits |
| ✔ Multiple payment methods for buying Dogecoin | |
| ✔ Enhanced security controls like two-factor authentication and IP whitelisting | |
| ✔ SAFU feature for transaction fee reserve | |
| ✔ Access to spot and leveraged margin trading |
Coinbase
Coinbase is one of the most popular and trusted exchanges for buying digital currencies like Dogecoin. It has been around since 2012, making it a safe bet for buying cryptocurrencies.
To buy Dogecoin through Coinbase, customers must create an account by entering basic personal information and uploading a copy of their government-issued ID. Coinbase also requires users to verify their identity before proceeding with transactions.
After verification, customers can buy Dogecoin in US dollars through various supported payment methods. These include ACH transfers, debit/credit card payments, and PayPal transfers. There are no deposit fees for ACH transfers; however, other methods such as debit/credit card payments or PayPal transfers will incur a 3.99% fee. Withdrawing funds from Coinbase may also incur additional fees depending on the payment method used.
Coinbase is regulated to provide cryptocurrency brokerage services and is overseen by outside regulators due to its public listing on the NASDAQ exchange. Additionally, Coinbase keeps 98% of its customers’ digital funds in cold storage for added security.
If you choose Coinbase, you can access over 50 other digital currencies offered on the platform online or via the mobile app. Additionally, Coinbase offers a secure wallet service for Dogecoin, which includes a mobile app for iOS and Android devices for easy access on the go. With this reliable service, customers can buy Dogecoin with the peace of mind that their investments are safe and secure at all times.
| Advantages | Disadvantages |
|---|---|
| ✓ Reliable and secure platform for buying and selling digital currencies | ✗ KYC is required |
| ✓ Buy Dogecoin via SEPA transfers, debit/credit card payments, and PayPal transfers | ✗ Withdrawing funds from Coinbase may incur additional fees depending on the payment method |
| ✓ Coinbase’s secure wallet service, including a mobile app for iOS and Android devices | |
| ✓ Regulated to provide cryptocurrency brokerage services | |
| ✓ 98% of digital customer funds kept in cold storage for added security |
AvaTrade
This is a reputable online trading platform that offers a variety of cryptocurrencies and financial instruments, including Dogecoin. The platform allows users to buy Dogecoin using PayPal, which is a convenient and user-friendly option. AvaTrade is a popular choice for traders looking to enter the cryptocurrency market.
With AvaTrade, users have access to a wide range of trading tools and features. The platform offers a user-friendly interface that allows even beginners to buy and trade Dogecoin quickly and easily. AvaTrade also offers a mobile app so users can access their trading activities while on the go.
Another benefit of AvaTrade is the variety of deposit and withdrawal methods available. PayPal support allows users to conveniently and securely fund their trading account and withdraw profits.
However, there are also some aspects that should be considered when using AvaTrade. Some users have reported that customer support is not always responsive. It may sometimes take some time to receive a response to inquiries.
In summary, AvaTrade offers a user-friendly platform for buying and trading Dogecoin with PayPal. The variety of trading tools available and the wide range of deposit and withdrawal methods make Avatrade an attractive option for traders. Despite some reports of slow customer support response times, AvaTrade remains a solid choice for those looking to invest in the Dogecoin market.
| Advantages | Disadvantages |
|---|---|
| ✔️ Easy purchase of Dogecoin with PayPal | ✗Possible slow response times from customer support |
| ✔️ User-friendly platform and mobile app | |
| ✔️ Diverse trading tools and functions | |
| ✔️ Wide range of deposit and withdrawal methods |
Comparison table: Buy Dogecoin with PayPal
Provider |
number of coins |
PayPal fee |
Fee for buying Dogecoin |
AvaTrade |
30+ |
free of charge |
1% |
OKX |
350+ |
3.99% |
2.14% |
Binance |
1000+ |
P2P dependent |
0.10% |
Coinbase |
100+ |
3.99% |
1.49% |
What is Dogecoin?
Dogecoin is a decentralized, open-source cryptocurrency launched in 2013. Originally created as a hoax, the token is based on the popular Shiba Inu meme dog and has been the subject of controversy in recent years due to its booming popularity. After Tesla CEO Elon Musk declared his stake in Dogecoin and spoke positively about it on numerous occasions, mainstream media attention and market speculation significantly boosted the value of the token.
Dogecoin works similarly to other major cryptocurrencies like Bitcoin. It relies on blockchain technology to securely transfer tokens between wallets without the need for intermediaries. Also, Dogecoin’s transaction fees are lower than Bitcoin’s, making it an attractive option for global payments or money transfers.
Currently, retail investors can buy Dogecoin using PayPal or other payment systems such as credit cards or bank transfers. Many investors have made substantial profits from Dogecoin over the past few months, with some even doubling their investments in a matter of days.
Dogecoin has been more than just a “hoax” token since its inception; it has evolved into a legitimate currency with real applications and earning potential. As technology continues to advance and more people accept digital currencies as a viable means of payment, Dogecoin could become more popular both as an investment and as a means of payment.
Related: Dogecoin Price Forecast 2023
Why buy Dogecoin with Paypal?
If you want to buy Dogecoin, you have several payment options available. Among these options, one of the safest and most convenient is to buy DOGE with PayPal. This payment method offers several distinct advantages over other options.
It is safe, fast and easy to use. It also supports multiple currencies, so you can buy Dogecoin with PayPal in any currency of your choice. To buy Dogecoin with PayPal, all you need to do is open an account with a crypto exchange that offers this option.
Once the account is opened, fund it with your PayPal balance or another supported payment method. Once the account is funded, you can buy DOGE directly from the platform’s online wallet or from the Buy/Sell section. Alternatively, you can buy DOGE from a peer-to-peer marketplace and pay with PayPal through their services.
Fast deposits and withdrawals
The main advantage of using PayPal when buying Dogecoin is the fast processing time. Deposits and withdrawals are almost instant, which means you can take advantage of new opportunities quickly. By linking your PayPal account to a broker or exchange, you can easily transact without leaving any trace of your financial information.
Advanced security measures
A key feature of PayPal is its advanced security measures, making accounts virtually hack-proof. You don’t have to provide your credit card details when using an exchange. So you can rest assured that your data is always safe.
Beginner friendly
Getting started with PayPal is easy. All you have to do is top up your balance via bank transfer and link your PayPal account to the exchange. For example, at Binance it is very easy to buy Dogecoin with PayPal. Simply enter your login details in the portal that appears and you’re good to go!
Low fees
The fees involved when buying Dogecoin through PayPal vary depending on the exchange you are using. For example, Coinbase charges a 3.99% deposit fee plus purchase fees, while Crypto.com charges a 2.1% PayPal fee and transaction fees. However, Binance offers some of the lowest fees for buying Dogecoin as there are no deposit or PayPal fees.
Read also: Buy Cardano with PayPal
Buying Dogecoin with PayPal: pros and cons
| Advantages | Disadvantages |
|---|---|
| ✓ Secure, fast and easy payment option. | ✗ Shoppers lack chargeback protection. |
| ✓ Links PayPal account to broker/exchange securely. | ✗ KYC/AML verification may be required. |
| ✓ Fast deposits and withdrawals for quick opportunities. | ✗ Additional processing fees may apply. |
| ✓ Low fees on select exchanges | |
| ✓ Simple start with bank transfer and PayPal link. | |
| ✓ Sophisticated security measures for hack-proof accounts | |
| ✓ Buy Dogecoin with several currencies. |
Is buying Dogecoin with PayPal safe?
Yes, buying Dogecoin with PayPal is safe. That’s because PayPal offers several distinct advantages over other payment options, including advanced security measures, fast processing times, and low fees. Also, using PayPal to purchase Dogecoin gives buyers protection in the form of chargeback rights in case something goes wrong with the purchase.
However, it is important to note that buyers may still need to go through KYC/AML verification processes when purchasing larger amounts of cryptocurrencies due to anti-money laundering regulations.
Overall, buying Dogecoin with PayPal is a great option for both short- and long-term cryptocurrency investments. Buyers can take advantage of PayPal’s fast processing times and low fees while being protected by the right to a chargeback if something goes wrong with their purchase.
However, buyers should note that they may need to go through KYC/AML verification processes when purchasing larger amounts of crypto due to anti-money laundering regulations. Those looking to buy Dogecoin should research the different exchanges available and compare their fees before making a purchase. This is how you can ensure you are getting the best possible deal when buying Dogecoin with PayPal.
Read also: The Best Cryptocurrencies to Buy: August 2023 Ranking
Buy Dogecoin PayPal – Conclusion
As one of the most widely used online payment methods, PayPal has made it easier for merchants to buy Dogecoin. Binance is an easy-to-use platform that offers a range of features for both novice and experienced traders.
In addition to the ability to buy Dogecoin with PayPal, Binance also offers customer service, market analysis tools, and personalized portfolio management options.
Additionally, trading fees on Binance are much lower than other exchanges. This makes it an ideal platform for those looking for an affordable way to buy Dogecoin with PayPal. All in all, the combination of convenience and security makes Binance one of the best choices for buying Dogecoin with PayPal.
Read also: PayPal Launches its Own Stablecoin PayPal USD (PYUSD)
FAQs
- Do I need a wallet with PayPal?
- Can you pay with PayPal at Coinbase?
Yes, you can buy Dogecoin with PayPal on Coinbase. PayPal may charge a processing fee for using its service, which depends on your location and the amount of Dogecoin purchased.
- Can you pay with PayPal on Binance?
Yes, it is possible to buy Dogecoin with PayPal on Binance. When you buy Dogecoin with PayPal through Binance, there are minimal transaction fees.