How to Buy Dogecoin on eToro – A Step-by-Step Guide

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Dogecoin is a cryptocurrency that was created in 2013 as a joke. However, it has since become one of the most popular cryptocurrencies in the world with people like Elon Musk promoting it. It is a litecoin fork. I do think that there are definitely advantages in this coin as the popularity can drive interest and price appreciation. If you’re interested in buying Dogecoin, eToro is a great platform to use. In this post we’ll tell you a bit about eToro and give you step by step instructions on how to buy Dogecoin on the eToro platform.

Background on eToro

eToro is a social trading platform that allows you to buy and sell cryptocurrencies, stocks, ETFs, and other assets. It’s a user-friendly platform that’s perfect for beginners. It was founded in 2007 and is HQ’d in Cyprus. There are currently over 20 million registered users and it is available in over 140 countries.

eToro is a regulated broker, which means that it is subject to the rules and regulations of the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC). I’ve found it to be a good choice for both beginners and experienced traders. They offer a wide range of features, including a user-friendly platform, a social trading platform, and a copy trading feature. Because it is a regulated broker, eToro is subject to the rules and regulations of the FCA and CySEC.


  • User-friendly platform: eToro’s platform is easy to use, even for beginners. You can easily create an account and start trading within minutes.
  • Wide range of assets: eToro offers a wide range of assets to trade, including cryptocurrencies, stocks, ETFs, and more. This gives you the flexibility to trade the assets that you are interested in.
  • Social trading platform: eToro’s social trading platform allows you to follow other traders and copy their trades. This is a great way to learn from other traders and to improve your own trading skills.
  • Copy trading feature: eToro’s copy trading feature allows you to automatically copy the trades of other traders. This is a great way to diversify your portfolio and to potentially make money without having to do any research or analysis yourself.
  • Demo account: eToro offers a demo account that allows you to practice trading without risking any real money. This is a great way to learn how to use the platform and to test out your trading strategies before you start trading with real money.
  • Educational resources: eToro offers a variety of educational resources, including articles, videos, and webinars. These resources can help you to learn about trading and to improve your trading skills.
  • Regulated broker: eToro is a regulated broker, which means that it is subject to the rules and regulations of the FCA and CySEC. This gives you peace of mind knowing that your money is safe.

If you are looking for a user-friendly platform with a wide range of assets to trade, eToro is a good choice. It also offers a social trading platform, a copy trading feature, and a demo account.

Steps to buy Dogecoin on eToro

Creating an Account on eToro

To buy Dogecoin on eToro, you need to create an account on the platform. The process is straightforward and can be completed in a few minutes. Go to the eToro page, enter in your login information, and click on Create Account.

Verifying Your Account on eToro

Once you have created your account, you need to verify your identity to comply with eToro’s regulations. You will be asked to provide a copy of your government-issued ID and proof of address. The verification process can take up to a few days, depending on the volume of requests. They will also ask about your risk profile and trading experience. I recommend to fill this out with as much accuracy as possible as trading comes with inherent risk.

Depositing Funds on eToro

Before you can buy Dogecoin on eToro, you need to deposit funds into your account. eToro offers various payment options, such as credit/debit cards, bank transfers, and e-wallets. The minimum deposit in the US is $10, and there are no deposit fees. I used the Paypal deposit method, directly debiting from my bank account for no fee. The funds showed up in my account immediately.

Buying Dogecoin on eToro

You can find Dogecoin on your Watchlist or you can search for it. On the Watchlist click buy.

Buy Dogecoin from Watchlist

Enter in the amount in USD that you would like to buy, and then click the Open Trade button below.

Open Doge Trade

You might notice that the price in this window is slightly higher than the listed price on the DOGE page. This is because eToro automatically adds in the 1% fee into the cost of the asset. This is the price of doing business with them.

And thats it! You’re the proud new owner of some Dodgecoin.

After you buy

Setting a Stop Loss on eToro

Setting a stop loss is crucial when investing in Dogecoin to mitigate potential losses. A stop loss is an automatic order to sell your Dogecoin if the price drops below a certain level. To set a stop loss on eToro, go to the Portfolio section and click on the Dogecoin position. Click on Edit Trade and set the stop loss level.

Monitoring Your Dogecoin Investment on eToro

eToro provides real-time data and charts to help you monitor your Dogecoin investment. You can track the performance of your investment and make informed decisions based on the data provided. Additionally, eToro offers a social trading feature that allows you to see what other traders are doing and follow their strategies.

Selling Dogecoin on eToro

If you decide to sell your Dogecoin on eToro, go to the Portfolio section and click on the Dogecoin position. Click on Sell and enter the amount of Dogecoin you want to sell. eToro will automatically calculate the USD value of your Dogecoin based on the current market price. Click on Open Trade to complete the sale.

Withdrawing Funds from eToro

If you want to withdraw funds from eToro, go to the Withdraw Funds section and enter the amount you want to withdraw. Select your preferred withdrawal method and enter the necessary information. The minimum withdrawal amount is $30, and there may be withdrawal fees depending on your chosen method.

Additional eToro Information

eToro Fees

eToro charges a 1% fee for trading crypto on the platform. You can find a complete list of eToro’s fees on their website.

eToro Security

eToro takes security seriously and has implemented various measures to protect its users’ data and funds. They use SSL encryption to secure their website and store users’ funds in segregated accounts. Additionally, eToro is regulated by various financial authorities, such as the FCA and CySEC, to ensure compliance with industry standards.

eToro Customer Support

eToro offers customer support via various channels, including email, phone, and live chat. They also have a comprehensive FAQ section on their website that addresses common questions and issues.


Buying Dogecoin on eToro is a straightforward process that can be completed in a few steps. However, it is important to understand the risks involved in investing in Dogecoin and to do your own research before making any investment decisions. eToro is a reputable platform that offers a user-friendly interface and a range of features to help you make informed investment decisions. There are many other investment choices you have as well that you can use to diversify your investment portfolio.


Is eToro safe for buying Dogecoin? Yes, eToro is a regulated and reputable platform that takes security seriously.

How long does it take to verify my eToro account? The verification process can take up to a few days, depending on the volume of requests.

Can I buy Dogecoin on eToro with a credit card? Yes, eToro offers various payment options, including credit/debit cards.

What fees does eToro charge for buying Dogecoin? The fees for trading cryptocurrencies on the eToro platform is 1%.

Can I withdraw Dogecoin from eToro? Yes, you can. It is possible to withdraw crypto positions that meet certain requirement from the eToro platform to the eToro Money crypto wallet.

Further reading

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