The 5 best cryptocurrency apps for trading dogecoin

Insider’s consultants select the best services to assist make good selections along with your cash (here’s how). In some instances, we obtain a fee from our our partners, nonetheless, our opinions are our personal. Terms apply to gives listed on this web page.

Heard of dogecoin however undecided the place to purchase it? Cryptocurrency exchanges are simply one of many many retailers accessible. You can even buy dogecoin via mobile-only crypto brokers, on-line brokerages, and different finance apps.

Following value surges earlier in 2021, the cryptocurrency dogecoin captured the eye of merchants world wide. Created in 2013 by Billy Markus and Jackson Palmer, the coin’s mascot (referred to as “Doge”) comes from the Shiba Inu Japanese canine breed that was popularized in a sequence of on-line memes. Keep studying to search out your best choice for trading dogecoin.

Best for futures and margin merchants: Kraken

Best for merchants of all expertise ranges: Coinbase

Best for peer-to-peer trading: (*5*)Binance

Best for novices: eToro USA

Disclaimer: eToro USA LLC; Investments are topic to market danger, together with the potential lack of principal.

Best for bitcoin, ethereum, and dogecoin merchants: Gemini

Compare the best dogecoin crypto apps

Kraken (jump to Kraken details »)

Why it stands out: Kraken gives exceptionally low trading charges with greater than 185 cryptocurrencies for merchants within the US and throughout the globe. Besides dogecoin entry, its account perks characteristic futures trading (futures are contracts that provide the proper to purchase or promote an asset at a sure value on an upcoming date), margin trading, staking rewards (staking provides you curiosity rewards for holding crypto property for a set time frame), over-the-counter (OTC) trading, and crypto providers for institutional shoppers.

If you are new to the crypto sport, don’t fret. Kraken gives a number of instructional sources for these trying to develop their investing information. These embrace How to Buy Dogecoin, How to Buy Bitcoin, How to Buy Ethereum, and How to Buy Litecoin.

Kraken additionally gives a number of cellular apps for iOS and Android customers. These embrace Kraken, Kraken Pro, and Kraken Futures. US merchants ought to word, nonetheless, that the futures platform is not presently accessible within the US.

What to look out for: Kraken does not presently serve merchants in New York or Washington State (see a complete list of its geographic restrictions here). If you reside in both of these areas, you will want to contemplate different exchanges.

Also, as talked about above, Kraken Futures isn’t accessible within the US.

Coinbase (jump to Coinbase details »)

Why it stands out: Coinbase gives greater than 170 cryptocurrencies, together with bitcoin, ethereum, and others. The change added dogecoin to its platform in June 2021, permitting each Coinbase Pro and common account holders to entry it via its net platform and iOS and Android cellular apps.

Unlike the essential Coinbase account, Coinbase Pro gives a complicated Websocket feed with real-time market information, trading APIs, charting instruments, and restrict and cease orders. Coinbase additionally gives one other step up from the Coinbase Pro account: Coinbase Advanced Trade. With this account, you will incur the identical charges as Coinbase Pro, however you will get further perks like crypto rewards, extra security measures, and extra superior charting instruments.

Coinbase additionally gives staking rewards, Coinbase Prime for institutional merchants and high-net-worth people (individuals with not less than $1 million), pockets storage, and a Coinbase studying rewards characteristic that offers you financial rewards for watching instructional movies about completely different property.

In addition, Coinbase has additionally launching a transaction fee-free beta model of its NFT platform. This implies that creators and collectors can change tokens with out worrying about further prices. However, this solely accessible for a restricted time

What to look out for: Coinbase does not supply margin accounts for merchants who must tackle extra shopping for energy to buy crypto property. 

Binance (jump to Binance.US details »)

Why it stands out: Formed as a US extension of Binance in 2019, Binance.US gives dogecoin, bitcoin, and greater than 125 different cryptocurrencies. Unlike Kraken, it does not present margin and futures accounts. But like Kraken, Binance.US gives staking rewards, OTC trading, and trading choices for institutional shoppers.

In addition, when you’re huge on crypto-to-crypto exchanges, there is not any scarcity of crypto trading pairs at Binance.US (trading pairs encompass two property that may be exchanged for each other). For occasion, the change’s two Dogecoin trading pairs are DOGE/USD and DOGE/USDT.

And Binance.US has low charges in comparison with different exchanges. You’ll solely want $10 to get began, and you will both pay 0.1% or 0.5%, relying on how briskly you need your trades executed.

What to look out for: Binance.US has a number of geographic restrictions. You will not have the ability to use the app when you’re a resident of Hawaii, New York, Texas, or Vermont.

eToro USA (jump to eToro details »)

Why it stands out: Though eToro USA has a extra restricted choice of investments — it presently gives dogecoin and greater than 25 different cryptocurrencies — the change makes up for it with its easy-to-use interface, community-like crypto options, and academic sources.

One of eToro USA’s hottest options is its CopyTrader system. This characteristic is best for newbie merchants, because it lets you tie your portfolio methods to that of extra superior crypto merchants. In different phrases, you should utilize the characteristic to have your portfolio mimic the portfolios of top-performing merchants. See more here.

But eToro USA makes up for its extra restricted crypto choice by moreover providing inventory and ETF trading. Plus, the platform fees $0 commissions for trading, and you should purchase fractional shares (eToro USA).

When it involves instructional choices, eToro supplies each written investing guides and an eToro Trading Academy that features video tutorials on crypto trading.

What to look out for:  eToro USA does not supply margin accounts, so it is not the best choice for merchants who search extra shopping for energy. In addition, you will not have the ability to use the change when you stay in New York, Minnesota, Nevada, Northern Marianas, Puerto Rico, Tennessee, Hawaii, Guam, American Samoa, US Armed Forces (Americas), and US Armed Forces (Europe and US Virgin Islands).

Gemini (jump to Gemini details »)

Why it stands out: Gemini gives greater than 100 crypto property, together with dogecoin. You will not want a minimal quantity to get began, however you will run into completely different charges for net transactions and cellular transactions. And you will additionally incur a 0.50% comfort charge for every transaction.

But in addition to its charge schedule, Gemini gives an array of different options that newbie or skilled crypto merchants would possibly take pleasure in. These embrace its crypto rewards program (this lets you earn as much as 8.05% on sure property), its Active Trader platform for superior merchants, its pockets storage choices, and its instructional webinars. See our full review of Gemini here.

Plus, on the spending and funds finish, US prospects can rise up to three% in crypto rewards for each buy they make with the Gemini Credit Card. And Gemini Pay lets you spend your crypto balances at greater than 30,000 retail shops within the US.

What to look out for: This change solely gives 11 cryptocurrencies: Bitcoin, ethereum, litecoin, bitcoin money, zcash, filecoin, tezos, solana, polkadot, avalanche, and dogecoin. The the rest of its funding choice is made up of ERC-20 tokens, stablecoins, and SPL tokens.

Other apps we thought of

• Abra: Abra is a worldwide crypto change providing 75+ cryptocurrencies, pockets providers, staking (with curiosity rewards as much as 10%) crypto-backed loans, and far more. The firm additionally serves traders in additional than 150 international locations, and it has an expansive suite of institutional providers. It does not cost traders charges for forex exchanges (though it earns revenue from the unfold between completely different property), however has excessive charges for Visa and Mastercard transactions.
• Bittrex: Bittrex excels in the case of ease of use and account safety. Its Instant Buy and Sell characteristic provides you the choice to shortly commerce dogecoin and different well-liked property with the press of a button. In addition, Bittrex makes use of two-factor authentication, plus a multi-stage pockets technique that ensures your crypto property are securely saved via offline {hardware}. One draw back is that it has restricted buyer help and academic sources.
• Webull: Webull is a web-based brokerage providing cryptocurrencies, shares, ETFs, choices, and extra. You’ll solely want a minimal of $1 to begin trading, and the brokerage gives a number of crypto property, together with bitcoin, dogecoin, bitcoin money, ethereum, litecoin, ZEC, and XLM. It additionally gives 24/7 trading, however you will not have as many crypto selections as different well-liked exchanges.
• Robinhood: Commonly referred to as a pioneer of commission-free trading, Robinhood gives shares, ETFs, choices, American depositary receipts (ADRs), and cryptocurrencies. But like Webull, the brokerage has a extra restricted providing of crypto property. Its cryptocurrency record consists of dogecoin, bitcoin, bitcoin money, bitcoin sv, ethereum, ethereum basic, and extra.
• Crypto.com: Crypto.com gives a number of spectacular options, together with greater than 250 cryptocurrencies, crypto storage choices, and curiosity rewards (you’ll be able to presently rise up to 14.5% in your crypto property). But lots of its cash aren’t accessible to US merchants.
• Changelly: Founded in 2015, Changelly is a Malta-based cryptocurrency change providing greater than 200 crypto property. Though the platform’s trading algorithm integrates with crypto apps like Poloniex and Bittrex, it is not presently accessible to US prospects.

How we decided the winners

We in contrast a dozen crypto trading apps to search out the best choices for dogecoin entry, consumer navigability, low charges, account custody, and cellular entry.

We additionally researched whether or not the crypto exchanges supply options like staking or curiosity rewards, margin accounts, and academic sources.

Frequently requested questions

Why belief us?

At Personal Finance Insider, we attempt to assist good individuals make the best selections with their cash. However, we all know that the phrase best is often subjective, so we spotlight each the professionals and cons of dogecoin crypto apps.

We spent hours evaluating and contrasting the options and effective print of assorted dogecoin trading apps so you do not have to.

What is dogecoin?

Dogecoin is an open supply, peer-to-peer cryptocurrency (peer-to-peer cryptocurrencies are digital property that may be exchanged between completely different customers with out the assistance of a central monetary establishment). The asset — although initially used as a meme — was created in 2013 by software program engineers Billy Markus and Jackson Palmer.

The cryptocurrency has a market cap of greater than $11.2 billion.

How do you purchase dogecoin?

You should buy dogecoin in a number of easy steps. First, you will must discover a cryptocurrency change or funding platform that gives the coin. After that, you will must enter within the dogecoin ticker (DOGE), resolve how a lot you would like to take a position, select your cost technique, and place your order.

Once bought, your dogecoin steadiness transfers to your platform’s built-in crypto wallet. But most exchanges additionally provide the choice to switch your crypto steadiness to an exterior sizzling pockets or chilly pockets. Hot wallets depend on digital storage, whereas chilly wallets make the most of offline, {hardware} gadgets.

What is a cryptocurrency change?

Cryptocurrency exchanges operate as on-line marketplaces that mean you can purchase, promote, and switch a spread of digital property like dogecoin, bitcoin, and others. Many exchanges (although not all) additionally present pockets storage for your crypto property. For occasion, Coinbase gives its personal on-line storage pockets for cryptocurrencies.

But since all crypto trading apps aren’t private pockets providers, it’s possible you’ll want to contemplate different choices for safe storage. Whether you are trading bitcoin or dogecoin, most exchanges allow you to switch property between your change account and pockets at any time when it’s essential to.

Are cryptocurrency exchanges price it?

Like most issues in investing and private finance, this relies largely in your preferences. You do not essentially have to make use of crypto exchanges to purchase dogecoin or different well-liked digital property. As talked about earlier, you should utilize on-line platforms like Paypal or SoFi.

TradeStation, Robinhood, and Webull are additionally three on-line brokerages that provide fee-free crypto choices, however there is a catch. These funding apps provide you with larger entry to completely different funding selections (eg. shares, ETFs, and choices), however they often do not supply as many crypto-specific options as different well-liked crypto exchanges.

If you are struggling to decide, it is best to decide on the platform that gives the charges, options, and funding selections that align along with your targets.