How and Where to Buy Dogecoin (DOGE) in the UK?
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Faster confirmation time for completed transactions, the transaction fee for Dogecoin is meager, it is widely accepted
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The rapidly developing crypto markets can’t stop attracting investors who want to multiply their funds in the context of the booming crypto values. While many people consider only the well-established giants like Bitcoin or Ethereum, neglecting other altcoins isn’t the best investment decision: you risk missing a lucrative speculative opportunity and gain a lot.
In this article, we will elaborate on how to buy Dogecoin in the UK, where to store it, and why, in the first place, you should consider it.
What Is Dogecoin (DOGE) and Why Should You Buy It?
The cryptocurrency that became famous as a joke got its name from a once-popular meme. While it was created back then in 2013 for the sake of crypto enthusiasts rather than as a serious opponent to other cryptos, everything has changed. Today, DOGE ranks 7th by market capitalization according to the data from CoinMarketCap and shows the potential for wide adoption in the future.
The coin’s value experienced a staggering growth this year, spiking from $0.0048 in the beginning of January 2021 up to $0.4 in April. While it can be attributed to the overall crypto market development, DOGE, in particular, is associated with Elon Musk, who gave his endorsement. The famous Tesla CEO mentioned Dogecoin on his Twitter, saying that it’s his most favourite crypto and he will plant a physical token on the moon.
However, it isn’t the only driver of the coin’s popularity. In the future, Dogecoin has the potential to substitute traditional money. The decentralized peer-to-peer cryptocurrency that was forked from Litecoin (LTC) allows fast and secure transactions, which can easily become a norm provided the coin gains massive adoption. This, in turn, can significantly rocket the value and enrich the investors who purchased DOGE before.
DoGe coin Price
A Step-by-Step Guide on How to Buy Dogecoin in the UK
Here are some simple steps to take to buy Dogecoin in the UK:
Find a crypto exchange like Kraken or Binance and register. Usually, you need to fill in your email, phone number, country of residence and create a password.
2. Account Verification
Some desktop platforms allow you to start buying crypto prior to account verification. However, you can’t miss the step to withdraw the money. To verify your account, provide a photo of your ID or passport.
Go to the deposit section and select the preferred payment method. Specify the amount of the deposit and complete the transaction.
Visit the Markets section and choose your pair (GBP/DOGE). Specify the amount you want to spend or buy, double-check the data, and confirm the transaction.
Where to Buy DOGE in the UK
Here is the list of the best exchanges where you can buy Dogecoin in the UK.
Supported deposit currencies: 50 fiat currencies, including GBP, USD, EUR, and many others.
Depositing, withdrawal, and trading fees:
Daily limits on a virtual Binance card – 870 GBP, on a physical Binance card – 8,700 GBP
How to buy Dogecoin on Binance:
Payment methods: cryptocurrencies
Supported deposit currencies: Bitcoin, Ethereum, Tether
Trading limits vary depending on the deal.
How to buy Dogecoin on Paxful: