Cryptocurrency is fast becoming the status quo. With this comes increased adoption. Furthermore, this leads to increased innovation in all aspects of buying and selling your crypto, particularly payments. This is where Paypal has come in. We will be showing you in this review how to buy Dogecoin with PayPal.

Dogecoin is arguably the most talked about crypto at the moment, with its infamous backing by Elon Musk, who claims it’s a currency, and many others stating it’s a “meme coin.” Whether you hate it or love it, Dogecoin has people’s attention. In this guide, we will be outlining how to buy Dogecoin with PayPal, which will include reviews of the best on-market crypto platforms and show how you can start investing today, with little cost. 

How To Buy Dogecoin with PayPal – Quick Steps

Below is an easy-to-follow guide on how to buy Dogecoin with PayPal using eToro, one of the best crypto platforms on market:

  1. Open an account with eToro: Visit eToro’s website and create a free account. Enter a username, email, and password. 
  2. Verify Account: Complete the KYC checks and upload a photo ID and proof of address to validate your eToro account. 
  3. Deposit: eToro has a minimum deposit amount of $10. Make sure once this is done, to select PayPal as your preferred payment solution.
  4. Buy Dogecoin: Simply type ‘Dogecoin’ in the search bar at the top of the screen. Once Dogecoin pops up, select ‘Trade’ and then choose the amount you want to invest. Then select ‘Open Trade.’

Where to Buy Dogecoin with PayPal

Below is a more in-depth look at the best crypto exchanges to buy Dogecoin that also accept Paypal deposits:

1. eToro — Overall The Best Trading Platform to Buy Dogecoin with PayPal 

etoro logo

eToro is our top pick when it comes to the best crypto platforms that also offer PayPal as a payment option. For a multitude of reasons, eToro always gets glowing reviews and is widely used across the globe. eToro is the best site to buy Dogecoin with PayPal.

Moreover, eToro is safe and secure, and well-respected as a trading platform due to its compliance with the best relative regulatory bodies. This includes the FCA, ASIC, CySEC, FINRA, and FinCEN. This gives eToro users a great deal of comfort and peace of mind, knowing that their crypto assets are in safe and secure hands.

Dogecoin etoro

Users of eToro can invest in a plethora of diverse cryptocurrencies, including Dogecoin. eToro allows its users to easily access crypto as eToro is not limited to a desktop version but also includes a mobile platform, which is available on the App Store and Google Play.

In addition to this, eToro offers low fees, with a 1% fixed rate when buying and selling crypto, plus the spread of the trade. This makes the overall process simple and easy to understand, as eToro is upfront and transparent about its fees and has no hidden costs. 

Dogecoin is very cheap, trading consistently below $1. Therefore, if you buy $10 (eToro’s minimum deposit) worth of eToro at its current price, you will be buying 162 DOGE, which is a lot considering the small dollar amount required.

Importantly, eToro offers a range of innovative trading tools to maximise your outcomes. This includes eToro’s popular ‘Copy Trader’ feature, enabling investors to mimic other successful traders’ portfolios. This makes trading fun and inclusive, allowing beginners insight into more seasoned investors. eToro also makes investing social through their ‘Social Trading.’

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

2. Crypto.com — Safely and Securely buy Dogecoin using PayPal

An additional alternative if you are considering how to buy Dogecoin with PayPal. Crypto.com is a great place to safely and securely purchase Dogecoin.

They have one of the most loved and respected crypto platforms on the market. Users can access Crypto.com either on a desktop or as an app, which is world-class and easy to use and is available on IOS and Android. Moreover, Crypto.com has hundreds of cryptocurrencies at your disposal, including Dogecoin.

Adding funds to your wallet is made easy as Crypto.com allows users to deposit fiat money, which means that you can easily send US dollars into your wallet, for example. Additionally, Crypto.com has low fees. They charge a maker/taker fee of 0.4% when you make a trade via their exchange. This is very reasonable and makes it cost-effective to buy DOGE with PayPal on crypto.com.

Crypto.com screenshot

Finally, Crypto.com also has incredible staking rewards. Staking is when you earn interest on your cryptocurrency. You can earn up to 14.5% per year on the Crypto.com staking service.

In addition to being an exchange, Crypto.com has one of the best crypto wallets for storing crypto tokens like DOGE.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Binance — Great Crypto Exchange with a Wide Range of Crypto Assets 

binance logo

Binance is one of the most popular places to buy and sell crypto, including Dogecoin. Binance can be appealing if you want to hold a wide array of versatile crypto assets.

For example, Binance can give you exposure to different sectors of the cryptocurrency umbrella. This is inclusive of GameFi, DeFi, and NFTs. First and foremost, Binance is used as a cryptocurrency exchange.

However, they allow users to deposit fiat money into their users’ accounts as well. Furthermore, buying Doegoin with PayPal can only be done on Binance through their peer-to-peer trading. 

Binance screenshot

Where Binance stands out, is that they offer low fees of 0.1% per trade via their exchange. However, if you are looking to purchase crypto immediately, thus not using the Binance exchange, you will be charged a slightly higher 0.5% fee.  

In conclusion, Binance appeals to a variety of investors, ranging from newcomers to experienced traders, and they cater to all of the above through low fees and diverse crypto assets.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

4. Coinbase — Well-Known Crypto Exchange to Easily Buy Dogecoin 

coinbase logo

Coinbase is one of the most desirable crypto exchanges available. Known for their slick, aesthetically pleasing interface. But Coinbase has more to offer than just a well-done design. They offer a huge selection of various crypto assets to purchase, including Dogecoin. 

With Coinbase, we will show you how to buy Dogecoin with PayPal instantly. Firstly, you have to sign up with Coinbase and fill out all of the necessary information. Secondly, you can connect your PayPal account to Coinbase directly.  

Coinbase screenshot

Coinbase users in the US have the option to buy Dogecoin with PayPal. Whereas, if you are outside of the US, you may withdraw your money using PayPal. Currently, Coinbase offers users the ability to cash out in either USD, GBP, or EUR. 

Finally, Coinbase’s fees can become expensive. When using the Coinbase exchange, they charge a 0.6% maker fee and a 0.4% taker fee. This is in addition to the 3.99% fee. Buy Dogecoin online with PayPal.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Why Buy Dogecoin With PayPal

In this guide on how to buy Dogecoin with PayPal, we have discovered many different reasons, from safety, security, and sheer accessibility, to why this method is advantageous.

Below, we have examined the benefits of using PayPal to buy Dogecoin. 

Quick Deposits & Withdrawals 

When deciding on how to buy Dogecoin with PayPal, you may come to many conclusions. One of the main reasons is that using PayPal is speedy for both deposits and withdrawals.

Moreover, this is, of course, dependent on whether or not your given crypto platform supports PayPal. However, as per the exchanges we have discussed above, like eToro, for instance, this is not a problem.

The process of linking your PayPal account to your desired exchange is simple; it typically only takes a couple of minutes.

Furthermore, when it comes to withdrawals. Like deposits, this is an easy process to complete. When you want to send money to your PayPal balance.

You must first ensure that you have liquidated your position on your trading exchange, like eToro, for example. Where PayPal stands out from its competitors is that time tends to be very fast.

If you are using eToro, you can process your payment to PayPal in two business days, whereas if you are using a bank transfer or a credit or debit card, this may take up to 10 business days. 

High Security

When you buy Dogecoin via PayPal, your transaction is made with the highest level of possible security. PayPal monitors every transaction 24/7 to further aid against potential fraud, as well as email phishing and identity theft. Each transaction is secured and protected by their next-generation 2-factor authentication, making PayPal ultra-safe. 

In addition to this, PayPal sends out an email every time you make a transaction. Therefore, if there is malicious or undetected activity, you will get an email notifying you, and you will be able to quickly rectify the issue.

Usability

Amongst a plethora of reasons why PayPal is so popular, one of the most essential features that makes it so sought after is its ease of use. For many years, traditional payment methods like credit or debit cards have been the norm. However, PayPal rivals them, and using PayPal is arguably as easy, if not easier and more efficient. 

The most convenient way to purchase Dogecoin is to make a bank transfer into your PayPal balance. Your funds are safely secured in your account. This is made possible due to the world-class security that PayPal ensures its users. While some investors question whether it is too late to buy Dogecoin, others are adding this leading meme coin to their portfolios.

Mobile App

Just about everything today is done via a mobile phone. Don’t worry, PayPal has you covered. The majority of PayPal users use the mobile app on their smartphones, which is available on the App Store and Google Play. The interface is slick, polished, and overall beautifully designed. 

PayPal has made it as easy as ever to send money across borders. All you have to do is use that person’s email address and phone number. You can easily send money to a family member halfway across the globe, for example. This then allows that person to buy crypto. Additionally, PayPal allows you to turn on notifications and track your payment, minimising the room for potentially fraudulent activity. 

Low Fees

PayPal is all-round, as they charge no transaction fee, no monthly fee, no lock-in contracts and no hidden fees. Moreover, everything with PayPal is transparent.

Depending on your given crypto exchange, fees will be adjusted accordingly. For example, a crypto exchange like Coinbase, where you can directly buy Dogecoin with PayPal and has a fee of 3.99%. However, if using a platform like eToro, they do not charge a fee for deposits – therefore making eToro the best way to buy Dogecoin with PayPal.

As well as DOGE, it’s possible to also buy Ethereum with Paypal on eToro.

Buying Dogecoin On PayPal vs Buying Dogecoin Using PayPal On Crypto Exchanges 

With all the above information at hand, there are most likely two questions going through your head. What is the better option? Use PayPal to directly purchase Dogecoin or link your PayPal account to a crypto exchange, and proceed from there. We will closely analyse which is the better option below.

Buying Dogecoin On PayPal 

PayPal users who are based in the US and UK, respectively, may purchase a select few cryptocurrencies directly on PayPal. Unfortunately, Dogecoin is not one of these few cryptocurrencies. The minimum amount you can buy crypto on PayPal is $1, which is certainly impressive.

To purchase some of the most sought-after coins like Bitcoin and Ethereum, as well as coins with big upsides like Bitcoin Cash and Litecoin. However, Dogecoin and many other altcoins cannot be purchased in this manner. Albeit, this may seem advantageous at first glance, particularly for beginners. The reality is that at least compared to buying crypto on exchanges, there are severe limitations. 

For instance, PayPal does not allow users to store their crypto in an external wallet, meaning that you cannot move your Bitcoin or Ethereum off of PayPal. This is a hindrance to users who want to buy crypto in general, as their security becomes increasingly limited. Moreover, you can not even buy Dogecoin using this method. 

If you choose to use this method, prepare for high fees. For example, the lowest fee you can attain on PayPal is 1.5%. However, this is for a trade with a minimum amount of $1000.

Buying and selling between $200 and $1000 will earn 1.80%. Moreover, all trades below $200 are a flat rate of $2.49. Additionally, PayPal does not disclose its spreads for your trades until you are about to purchase the crypto.

This is a negative for PayPal, as one of the most important aspects of crypto is transparency, and this is where a platform like eToro stands out above its competition. 

Buying Dogecoin Using PayPal on Crypto Exchanges 

After hours of research and analysis, we have concluded that, when it comes to buying Dogecoin, it is far better to go through a crypto exchange, as opposed to using PayPal. To a degree, you get the best of both worlds because you can use the best crypto exchanges like eToro. You can also use PayPal as a means to deposit funds into your respective crypto platform. 

Crypto exchanges such as eToro, Crypto.com, Binance, and Coinbase are custodial, centralised exchanges, which means that they have KYC, and this allows for a payment provider like PayPal to be used on these platforms. 

The actual act of depositing funds via PayPal is easy. All you have to do is simply link your existing PayPal to your desired platform, like eToro, for example, and deposit the money. 

Importantly, there are many reasons why buying crypto, and particularly Dogecoin, is so much better to do on an exchange. You can enable all of the incredible innovative investing tools that these great companies have come up with. 

eToro has an abundance of tools that can aid all types of investors, from new traders to professionals. ProCharts is a comparative tool for technical analysis, which allows you to customise your preferred indicators, tools, and timeframes. In addition to this, eToro has ‘Copy Trading’, where you can copy portfolios from the best investors on eToro, and trade as a highly-skilled trader would.

This is all automated for your leisure. In conclusion, eToro also allows its users to store their crypto in any wallet of their liking, unlike PayPal. Therefore, buying crypto and Dogecoin on a crypto exchange like eToro is a much better option compared to buying crypto directly on PayPal.

How To Buy Dogecoin with PayPal using eToro – Tutorial 

After careful consideration, it can be said that the best way to buy Dogecoin is via eToro. This is because eToro is safe and secure, reliable and trustworthy, through its extensive cooperation with regulatory authorities. As well as their incredible innovation with trading tools such as ‘Copy Trading.’

Moreover, below, we have compiled a comprehensive step-by-step approach for buying Dogecoin with PayPal using eToro. 

Step 1: Open an eToro Account

Visit eToro’s website on your desktop computer, where its mobile app can also be downloaded. Using any of the sign up buttons, you’ll see the prompt below – create a username and type in your email as well as a password. 

How to buy Ethereum with PayPal

Step 2: Verify Account 

You’ll be contacted by eToro to confirm your email. Then, you’ll have to upload your ID, as per KYC verification. 

How to buy Ethereum with PayPal

Step 3: Make a Deposit 

On the home screen, click ‘Deposit Funds’. Once you have done this, enter the amount of Dogecoin you wish to buy, which on eToro has to be at least $10. Moreover, once you have selected the amount, select PayPal from the drop-down menu on the screen. 

How to buy Ethereum with PayPal

Step 4: Buy Dogecoin with PayPal 

Finally, type ‘DOGE’ or ‘Dogecoin’ into the search bar, and then click the ‘Trade’ button. Then you must select the amount in (US dollar) terms that you wish to purchase ($10 minimum). Once that is decided, then click ‘Open Trade’ and you are complete.

Dogecoin Paypal

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Conclusion

Throughout this review, we have conducted thorough research and analysis on how to buy Dogecoin with PayPal. There are many factors to take into account in this process, from fees to security, and there are many great crypto exchanges where you can buy Dogecoin using Paypal. 

In conclusion, there is one exchange that is above the rest, and that is eToro. If you want to buy Dogecoin right away using PayPal, look no further than eToro. eToro offers its users the chance to link their PayPal accounts. Furthermore, with eToro, they have a minimum deposit amount of $10, which allows you to get started instantly for a small amount. eToro is the best crypto exchange on the market and the best place to purchase Dogecoin with PayPal. 

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