Best Dogecoin Exchanges to Try in 2024

eToro is one of the best Dogecoin crypto exchanges due to various reasons, most notably its exemplary features, highly celebrated interface, and variety of payment options.

Its trademark CopyTrader tool allows users to automatically mimic other users' trades, with which inexperienced users can find successful traders and copy their strategies. Users can also exchange ideas and tips using the social feeds embedded in the platform.

The ease of use of the trading platform is one of its greatest assets. The company has a great reputation among customers and an excellent crypto app rating on Google Play and App Store. It’s also possible to fund an eToro account with a debit card, Klarna, Sofort, Skrill, bank transfer, and Neteller, giving users a variety of popular options to buy Dogecoin.

Cypto.com is a top choice for beginners as it combines a very straightforward outlay and a far-reaching help center along with other channels of customer support and a wealth of educational materials included within Trading University. The platform also boasts over 250 coins other than Dogecoin. Additionally, Crypto.com provides a Visa card that allows you to spend your cryptocurrencies at regular stores.

Overall, Crypto.com offers the best security standards and has strong regulatory compliance, so it’s a safe platform to trade Dogecoin. Its mobile app also features an intuitive design that appeals to novice traders.

Uphold maintains one of the most transparent pricing structures available in the market, making it an excellent choice for wary traders who’d prefer to have a thorough understanding of all of the charges included. The platform also offers rarely-found crypto assets, which allows the exchange to stand out from the rest.

The popular payment methods at Uphold include Google Pay, Apple Pay, wire transfer, bank account, and credit/debit card. On a federal level, the platform is authorized and regulated by FinCen, and it adheres to other regulatory bodies across all the states it is available in.

Coinbase offers one of the most impressive selections of cryptocurrencies with a catalog of 3,000+ coins. It’s a perfect choice for users looking to trade a variety of coins and diversify their crypto portfolio further. The platform’s far-reaching educational materials are neatly organized in the Coinbase Learn section, which includes guides, practice tutorials, and cryptocurrency news to learn more about the industry.

The exchange is one of the most established and safest in the United States: regulators oversee the financial infrastructure to ensure customer funds are managed correctly, and as per these regulations, client assets are kept in approved custodian banks. Client funds are also insured within FDIC coverage for up to $250,000 per depositor.

Coinbase and Crypto.com are very similar in their functionalities and level of expertise required. For a deeper look, we compared both industry giants - have a read through before making a decision.

Kraken is the best choice for traders who need excellent customer support to help overcome the challenges of using a Dogecoin Crypto exchange. It’s rare for crypto exchanges to have so many live channels for support readily available for users – the platform offers customer support 24/7 via phone, live chat, and email.

The trading mechanism is both straightforward and versatile. It features advanced trading capabilities like margin trading, exposure to indices, and derivative products like futures. Additionally, instant money deposits are possible with trusted payment processors like ACH online banking, digital wallet purchases, and debit/credit cards.

Finally, Kraken offers an extensive Learn Center that provides the resources to learn all things crypto. The video series is free, and multiple blog posts are available to understand the crypto trading basics.

Bitstamp will not charge trading fees for transactions of up to $1,000 within a 30-day period, making it an excellent choice for users on a limited budget who want to avoid trading fees. It is possible to fund the Bitstamp account with a bank transfer or credit/debit card. All client assets are securely held with a 1:1 custody model, so customers can withdraw funds anytime. The company is fully licensed and regulated to ensure customer funds are safe.

Besides ranking within the top 10 for Dogecoin trading, with a daily volume reaching up to $987.70 million, Bitmart is also an outstanding choice for staking Dogecoin. Investors can start with a minimum of 10 DOGE, and stake their coins with an APY rate of 0.50%. While many other crypto exchanges allow staking, the majority limit their services to only major coins like ETH or ADA. Besides Dogecoin, it’s also possible to stake 36 other coins as of this writing.

The platform also features other advanced trading instruments, including margin trading, dual investments, and futures trading. Its features are compartmentalized into three outlays, simple, advanced, and margin, which helps greatly for traders with varying expertise levels.

Much like eToro, Webull is also highly regarded for its interactive trading experience. The platform offers social feeds through which investors can exchange ideas, comment on market behavior, ask any question, and more. Besides social trading, the platform supports a straightforward interface with all components neatly organized, appealing the most to novice traders.

Besides Dogecoin, Webull includes 38 other coins as of this writing, along with other assets including stocks and shares, ETFs, options, and OTC securities. The platform is authorized and regulated by the SEC and is a member of FINRA and SIPC.

In 2017, Robinhood was a disruptor by offering commission-free trades and an intuitive platform that eventually served to lower the entry barrier for trading. Its user-centric approach continues to be one of its greatest assets – both the web platform and mobile app have optimized user experience with placing trades taking only a few clicks. Traders can also reduce the negative effects of volatile cryptocurrency with the Market Order Collaring feature.

Furthermore, Robinhood is regulated by SEC and FINRA, which suggests the exchange practices fair financial principles and your money will be looked after.

Investing in the coin can be a good idea due to its popularity, which contributes to investor confidence. Also, it’s accepted for payment processing by an increasing number of vendors, thereby increasing the coin’s utility.

Additionally, the coin is easy to mine, and the community of holders is constantly growing. These reasons ensure that the coin will have a big network of users, reducing the chances of it crashing.

Dogecoin does not have massive utility, so it’s a risky good long-term investment – it’s still largely a speculative investment. It could very well crash once the hype has cooled down.

Furthermore, the inflationary nature of the coin means that it’s difficult for its price to reach the same heights as that of other cryptocurrencies like Bitcoin. Meaning that it remains a risky investment.

There are two main ways that you can trade Dogecoin on an exchange:

• Market Orders: With a market order, you can buy or sell Dogecoin at the best available price on the exchange. Also, market orders are instant if the buyer and seller are on the same exchange.

• Limit Orders: Limit orders allow sellers to set a sale price higher than the current one, and buyers can set a lower price. Consequently, they are automatically executed once the price climbs or falls.

Miner fees are charged when transferring coins like Dogecoin to another wallet or exchange. The fees vary based on the blockchain and the number of transactions occurring at the time and can be embedded in the transaction fee charged by the exchanges.