Page Summary
Dogecoin (DOGE) is a popular digital asset in the UAE. It has an interesting position and reputation, making it attractive for UAE traders. DOGE is a peer-to-peer, open-source crypto. It is labeled an altcoin and a sarcastic meme coin. Dogecoin uses the image of a Shiba Inu dog as its logo.
The DOGE blockchain is secure and fast. It uses technology derived from Litecoin. DOGE has many interesting features, including low prices and an unlimited supply. UAE traders buy and hold Dogecoin to get an increase in their revenues. This article discusses how to buy Dogecoin (DOGE) in the United Arab Emirates.
Best Exchanges To Buy Dogecoin – List
- eToro – Best overall broker
- Binance – Good fit for professional traders
- Robinhood – top choice for micro-investing
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | eToro | Excellent social trading features | 4,9/5 | Best overall broker | Official website |
| #2 | Binance | Many learning and research tools | 3,1/5 | Good fit for professional traders | Official website |
| #3 | Robinhood | Fiat currency and stock trading solutions. | 3,9/5 | Top choice for micro-investing | Official website |
Best Crypto Exchanges To Buy Dogecoin In Overview:
1. eToro – Best Overall Broker To Buy DogeCoin In UAE
Min Deposit: $100
Fees: 4.8
Assets available: 4.8
Total Fees:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
eToro is a global online broker with high-ranking crypto exchange platforms. It has an excellent portfolio with access to digital assets, stable coins, and forex options. The top crypto coins available with eToro are Bitcoin, Ethereum, and Dogecoin. This online broker has a valuable virtual trading account. Demo trading lets you test many crypto trading strategies with live market prices. It is a top choice for traders at all levels. If you aim to keep track of DOGE’s price movements, eToro’s demo account is a top choice.
UAE traders use eToro because of its low fees. It has no commission fees, and it charges a 1.90% spread for withdrawing crypto. eToro offers premium social trading features in 2022. It identifies professional traders and allows UAE traders to copy their positions. eToro has many benefits for United Arab Emirates traders. It provides many payment methods and 24/5 support.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong Take 2 min to learn more
2. Binance – Excellent Digital Assets Portfolio For UAE Traders
Binance is a top cryptocurrency exchange. It is a good fit for professional UAE traders as it offers different technical tools. The Binance platform has an advanced design and many leverage solutions. Binance account holders receive access to many learning and research tools.This exchange has some learning materials for beginners. It offers tutorials to help new UAE traders invest in crypto. Binance has 50+ cryptocurrencies and stable coins, including Bitcoin, Dogecoin, and Binance coin.
Binance has a straightforward fee structure. The execution costs start at 0.10% per trade. Binance users receive discounts by holding BNB currency in their wallets. This exchange has a minimum deposit fee of £15 for debit or credit card payments. Binance is a secure exchange with top-tier licenses.
3. Robinhood – Top Choice For Micro-investing
Robinhood is a popular online broker known for its fiat currency and stock trading solutions. It offers crypto trading investment opportunities. Robinhood has a useful asset portfolio with access to leading digital coins like Dogecoin.
This online broker allows UAE traders to buy Dogecoin without additional fees. It is a top choice for micro-investing in popular cryptos and stable coins. The minimum micro-investing amount is $1.
How We Chose The Best Exchanges For Dogecoin
We chose the best exchanges to buy Dogecoin based on several criteria including Fees, Account, Withdrawal, and Deposit. We commit to offering help to all UAE traders. Our goal is to help beginner and advanced traders make intelligent choices with their money. This focus is the reason why we share both strengths and weaknesses.
Fees: A transparent fee structure contributes to an impressive online trading experience. Some UAE exchanges have a simple fee structure; others don’t. Read our in-depth reviews to learn more about fees and UAE exchanges.
Account: Most United Arab Emirates exchanges offer different account tiers. Some providers request a minimum deposit fee. Others don’t charge an initial fee for new accounts. Check our in-depth reviews for more details on account tiers and exchanges.
Withdrawal and deposit: Withdrawing and depositing funds must be simple. Funding an account might take longer with some exchanges. Many cryptocurrency exchanges have a low minimum deposit. Verify the policies available in our in-depth reviews.
Market and products: Each exchange has different market and asset coverage. We recommend you opt for an exchange with a versatile cryptocurrency portfolio. Read our in-depth reviews for more information on UAE exchanges and assets.
Trading platforms: A platform with an intuitive design supports a good trading experience. Select an exchange with a straightforward platform and a versatile portfolio. The UAE exchanges in our reviews are trustworthy, but some might be challenging for new traders. Read our in-depth reviews to learn more about digital exchanges in UAE.
Customer support: Customer service is essential for your online trading success. Trustworthy exchanges provide access to phone support, live chat, and email.
Safety: A reliable UAE exchange has top-tier licenses and follows strict rules. It offers industry-leading safety measures for all accounts. Check our in-depth reviews to read more about online trading safety for UAE traders.
How To Buy Dogecoin In UAE
You can buy Dogecoin in the UAE with eToro, Binance, and Robinhood. eToro is the leading social trading broker with impressive crypto services. Binance is a top exchange with a professional crypto trading platform. Robinhood offers the best Dogecoin platform for micro-investing.
Dogecoin is a popular choice with UAE traders at all levels. We recommend you use eToro to trade DOGE in the United Arab Emirates. It is the top-ranking social trading platform with secure crypto trading services. There are four simple steps to follow to buy Dogecoin with eToro:
- Sign up with eToro: Access the main eToro website and register a new account.
- Submit a valid ID: Next, you have to pass account verification. A valid ID, such as a passport or driver’s license, is necessary.
- Make your first deposit: After you pass account verification, you have to fund your account. UAE traders have many funding options, including credit/debit cards, bank transfers, and e-wallets.
- Buy Dogecoin: Search for the ticker symbol “DOGE,” and you will see the Dogecoin price. Click on the coin and start buying or selling DOGE.
Where To Buy Dogecoin In The UAE?
UAE traders buy Dogecoin in the UAE with a cryptocurrency trading platform. The top trading platforms we recommend are eToro, Binance, and Robinhood.
Buying Dogecoin With eToro
eToro is a global online broker with high-ranking crypto exchange platforms for buying Dogecoin. It has an excellent portfolio with access to digital assets, stable coins, and forex options. The top crypto coins available with eToro are Bitcoin, Ethereum, and Dogecoin.
This online broker has a valuable virtual trading account. Demo trading lets you test many crypto trading strategies with live market prices. It is a top choice for traders at all levels. If you aim to keep track of DOGE’s price movements, eToro’s demo account is a top choice.
UAE traders use eToro because of its low fees. It has no commission fees, and it charges a 1.90% spread for withdrawing crypto. eToro offers premium social trading features. It identifies professional traders and allows UAE traders to copy their positions.
eToro has many benefits for United Arab Emirates traders. It provides many payment methods and 24/5 support.
Pros: Commission-free trading , features many popular cryptos, stable coins , and fiat currency, regulated by the FCA , mobile app available , offered in many countries , demo account
Cons: It has a high spread , it lacks smaller cryptos and stocks
Buying Dogecoin With Binance
Binance is a top cryptocurrency exchange for buying Dogecoin tokens in the UAE. It is a good fit for professional UAE traders as it offers different technical tools. The Binance platform has an advanced design and many leverage solutions. Binance account holders receive access to many learning and research tools.
This exchange has some learning materials for beginners. It offers tutorials to help new UAE traders invest in crypto. Binance has 50+ cryptocurrencies and stable coins, including Bitcoin, Dogecoin, and Binance coin.
Binance has a straightforward fee structure. The execution costs start at 0.10% per trade. Binance users receive discounts by holding BNB currency in their wallets. This exchange has a minimum deposit fee of £15 for debit or credit card payments. Binance is a secure exchange with top-tier licenses.
Pros: More advanced tools and technical indicators , offers tutorials for all Binance account holders, low spreads , mobile App available , advanced trading platform
Cons: It is not intuitive for beginners, it has an unclear regulatory status
Buying Dogecoin With Robinhood
Robinhood is a popular online broker for buying DOGE coins. It is known for its fiat currency and stock trading solutions. It offers crypto trading investment opportunities. Robinhood has a useful asset portfolio with access to leading digital coins like Dogecoin.
This online broker allows UAE traders to buy Dogecoin without additional fees. It is a top choice for micro-investing in popular cryptos and stable coins. The minimum micro-investing amount is $1.
Pros: Access to popular cryptos, including Bitcoin, Litecoin, Ethereum, and Dogecoin, access to 5,000 US-listed stocks and fiat currency, no minimum deposit fee, beginner-friendly platforms
Cons: No credit or debit card or e-wallet payment method, confusing margin trading rates
How To Buy Dogecoin Using eToro?
The leading United Arab Emirates platform to buy Dogecoin (DOGE) is eToro. This brokerage firm offers secure platforms for traders at all levels. Here is a step-by-step guide on using eToro to buy Dogecoin in the UAE.
Step 1: Create A Trading Account With eToro
The first step is to open a trading account with eToro. UAE traders access the sign-up form on their official website. You’ll have to submit your full name, address, source of funds, date of birth, and contact data.
Step 2: Pass Account Verification
After you submit the necessary information, you’ll have to pass account verification. eToro lets traders trade up to $2,000 before verifying their account. Users have to submit an image of their ID and proof of residence. eToro is a popular broker that follows strict KYC rules from the UAE. All UAE traders need to pass account verification.
Step 3: Fund Your Account
eToro offers many payment methods. Choose a deposit option that meets your needs. After you decide on a funding method, the next step is to buy DOGE.
Step 4: Buy Dogecoin
When your funds appear in your wallet, eToro allows you to complete your first crypto “buy.” Cryptocurrencies have different symbols. Clicking on one ticker will start your trade. Choose the amount of crypto you’d like to buy and click “Submit.” Your transaction will complete in a couple of minutes.
What Is Dogecoin?
Dogecoin is a digital meme coin launched in 2013. Two software engineers created DOGE to comment on the volatile cryptocurrency market. It became a popular payment method with the Dallas Mavericks and SpaceX. It is viewed as the original meme coin and continues to grow in value.
The Dogecoin network functions as other cryptos in this space. It is based on Litecoin and uses its proof-of-work technology. Dogecoin comes with a loyal community of supporters who invest and use it as a tipping coin for social media content. Dogecoin became a top choice for trading crypto coins in 2021. But DOGE remains susceptible to devaluation in case of a supply increase.
Why Should You Buy Dogecoin?
Experienced traders should buy Dogecoin because of its stunning performance. It is a common choice for UAE traders. It comes with a high risk/reward ratio. Elon Musk influences DOGE’s value directly. If Elon Musk releases a positive statement about Dogecoin, the coin’s price will increase.
How Much Does Dogecoin Cost?
The price of Dogecoin depends on the platform you choose. DOGE’s price appears in US dollars. It is extremely volatile as its price will increase or decrease on a second-by-second basis. In 2021, the price of Dogecoin was around $0.004 and dramatically increased up to $0.81. If you choose a brokerage firm like Robinhood, you might have to pay extra fees. Most crypto platforms charge a fee or spread when buying digital assets. eToro has a 0% fee policy on specific assets.
How To Buy Dogecoin Using PayPal?
To buy Dogecoin using PayPal, you have to set up an account. If you own a PayPal account, click the button that says “crypto” in the app or PayPal website. There you will be able to choose Dogecoin.
To complete the trade, you have to have the necessary funds from a bank account or debit card. PayPal account holders have a spending option between $1 and $100,000 per week. Keep in mind that PayPal has extra crypto exchange fees.
How To Buy Dogecoin Using BTC?
Another solution for buying Dogecoin is using Bitcoin (BTC). Traders use Bitcoin on most exchanges to fund their accounts. We recommend you store BTC with secure crypto-wallets. Securing your funds is a must. Read our in-depth reviews to learn more about trading, crypto wallets, and safety.
Buying Dogecoin Safely In UAE
To buy Dogecoin safely in the UAE, traders have to use a cryptocurrency exchange or broker with top-tier licenses. Platforms that follow strict rules under a regulatory body come with fewer trading risks. eToro is a top social trading broker with a long track record. UAE traders receive access to its secure services.
If you want to hold DOGE in a wallet, selecting a wallet with an encryption key and robust security protocols is best. Digital wallets use public and private keys. Do not share your private keys with anyone.
The Risks Of Buying Dogecoin
Buying cryptocurrencies like Dogecoin (DOGE) comes with risks. If you want to avoid losing your funds, you should start with a minimum investment. Dogecoin is popular but remains volatile. If you buy DOGE at a high price and the coin crashes, you risk losing all your investments. Remember that risks increase if you use leverage.
CFD platforms provide the ability to use leverage with cryptos. Leverage opens the possibility of spectacular revenue increases. But it increases the risk of losses as well. Crypto coins are volatile, and we don’t recommend that beginners use leverage. Read our in-depth reviews to learn more about risk management and online trading.
Selling Dogecoin In UAE
If you plan to sell DOGE, you need to use an exchange or broker like eToro. eToro is our main choice for cashing out, and it doesn’t support exchanging crypto for another. UAE traders need to use a secure crypto exchange for this.
Summary
Dogecoin is a popular digital asset. United Arab Emirates traders use powerful platforms and exchanges to invest in DOGE. We don’t recommend Dogecoin for beginner UAE traders. DOGE is a volatile asset, and you need to know how and when to buy it. Dogecoin remains might devaluate in case of supply increase. It is best to choose a broker like eToro to invest in Dogecoin.
FAQ
Are There Any Safety Risks For UAE Citizens?
All online trading comes with risks. Online trading in the United Arab Emirates is legal and safe. Traders select an exchange platform with top-tier regulations. The FCA, ASIC, and CySEC are the top regulators for online platforms. The platforms in this review are secure and follow strict regulations. Read our in-depth reviews to discover more about safety risks for United Arab Emirates citizens.
What Is The Financial Regulatory Authority For Cryptocurrencies?
No regulatory authority regulates digital coins like Dogecoin (DOGE). These have no underlying commodity or intrinsic value. Few countries allow traders to use the local Financial Services Compensation Scheme if they lose funds. Verify with your local authorities for rules and restrictions.
What Is The Difference Between Bitcoin and Dogecoin?
Bitcoin is decentralized crypto that uses the blockchain as a digital ledger. Dogecoin (DOGE) is a meme coin that uses Litecoin’s proof-of-work technology. Both coins have different purposes, but Bitcoin prices and technology remains the leading one.
Is A Crypto Wallet Necessary To Buy Dogecoin (DOGE)?
Yes. All UAE traders have to have a crypto wallet to store DOGE. Keeping coins in the exchange’s wallet isn’t safe. Read our in-depth reviews to learn more about cryptocurrency wallets, safety, and UAE dirham deposits.
How Much Money Do I Need To Buy DOGE?
The amount of money required to buy DOGE varies depending on the platform you opt for. Buying DOGE on eToro comes with a minimum deposit requirement of $50. The exact minimum or maximum is different based on the platform’s limitations. Verify our in-depth reviews to learn more about crypto coins and minimum investments.
How To Sell Cryptocurrency In UAE?
Selling digital assets in the United Arab Emirates is straightforward. For example, if you choose eToro, you’ll get access to a portfolio where you have to click on the Sell button. Capital gains represent the best approach to make money from a crypto investment. A capital gain refers to selling crypto for a higher price than you originally paid. Check our in-depth reviews to learn more about buying and selling digital coins in the United Arab Emirates.
Should I Invest In Dogecoin (DOGE)?
It depends on your online trading experience and skills. DOGE is a speculative crypto that might rise or fall at a rapid pace. We recommend using a broker like eToro to invest in Dogecoin. Our in-depth reviews offer more information on digital tokens and risks.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.