According to an Entrepreneurng report, with a market capitalization of $11.5 billion (yes, billion), Dogecoin has evolved beyond its origins as a joke.
Dogecoins are now trading for less than 10 cents each, but despite their low price, they have experienced a lot of activity. The coin’s market capitalization and 24-hour volume both reached $450 million.
One of the greatest locations to purchase Dogecoin if you’re interested in eToro, especially given that they offer a little bonus for new accounts.
Here are four easy steps to take:
1. Establish a New Account
It’s really simple to open a new account; all you have to do is click the Join eToro button in the dark and begin inputting the standard data for an investment account.
2. Publish your ID and address proof.
You must upload a picture of your ID to eToro; any government-issued document will do. To stop money laundering and other illicit activities, this is a requirement of KYC (Know Your Customer) rules and is now standard for investment accounts. Your driver’s license, passport, or any state-issued ID can be used for this. They have your proof of address if you present a license or state-issued ID.
3. Invest in Your Account
When your application is accepted, you can fill your account using any of several options, including credit and debit cards, PayPal, Neteller, bank wires, and at least $10. So that you can benefit from the $10 incentive for making a $100 investment, you might want to fund it with at least $100. The 1% cost for Bitcoin transactions may be lessened as a result.
4. Obtain Dogecoin
You can search for DOGE or dogecoin in the top search box, choose it, then click Trade to purchase it. It should be noted that there is a 1% fee and that you can specify your purchase quantity in dollars; if necessary, fractional coins will be provided.
How to Use eToro to Sell Dogecoin
Opening a new order and selecting Sell from the menu makes selling Dogecoin on eToro very simple. Put in your desired selling price, and you’re done!
eToro has some restrictions when it comes to cryptocurrencies. Dogecoin cannot be used to purchase Bitcoin because coins cannot be exchanged. Before purchasing another coin, you must first liquidate the first one into cash.
Although it’s only one way, you can move your coins from your eToro account to a digital wallet. Pick the coin you want, then send it to the address in your digital wallet. But since you can’t send coins to your eToro account, as soon as it leaves, it leaves the eToro ecosystem.
