Meanwhile, CFDs (contracts for difference) see you receive the difference in value from when you open a contract to when you close it. This might include companies involved in the blockchain technology that underpins cryptocurrencies like Dogecoin. While there is the potential to generate a return, there is practically no consumer protection with Dogecoin. Crypto assets are not regulated by the Financial Conduct Authority (FCA), and they have no UK or EU investor protection.
How to Buy Dogecoin UK FAQs
Such platforms also offer advanced consumer protection measures and encryption protocols to secure users’ private information and funds. An intuitive user interface, an array of supported payment methods, and momentous order fulfilment are what large crypto exchanges have a strong reputation for. It provides a hassle-free experience for purchasing Dogecoin, supporting a variety of payment methods such as bank transfers, debit/credit cards, and even other cryptocurrencies. This versatility makes it straightforward for UK residents to start investing in Dogecoin. The cheapest way to buy Dogecoin is often through a cost-effective exchange like Kraken.
How to buy Dogecoin in the UK?
Uphold’s reputation as a reliable and efficient platform is well-established, backed by a history of satisfactory service to its users. A significant advantage of using Uphold is its cost-effective pricing structure, offering some of the industry’s most competitive fees for Dogecoin purchases. Uphold presents itself as a dependable and easy-to-use choice for buying Dogecoin in the UK. Finally, it’s worth noting that as of 2023, eToro announced that they reached 30 million registered users worldwide5.
Does Elon Musk own Dogecoin?
- Technically, Dogecoin is built on the same decentralised and secure blockchain technology as other cryptocurrencies like Bitcoin.
- If you have an up-and-running Apple Pay account, our trading platform will suggest Apple Pay as a payment option.
- This digital coin was meant to enshrine a popular meme of a Shiba Inu, named ‘Shibe,’ looking skeptical – a meme that has remained popular over many years.
With Changelly, you can use a Visa or a Mastercard credit card issued in your local currency. Alternatively, some cryptocurrency exchanges allow you to fund your trading account using PayPal. In that case, you can deposit GBP from PayPal and then buy DOGE instantly. This is a high‑risk investment and you should not expect to be protected if something goes wrong.
If you have an up-and-running Apple Pay account, our trading platform will suggest Apple Pay as a payment option. Choose a reputable cryptocurrency exchange that supports Dogecoin trading, set up a secure digital wallet, deposit funds, make your purchase, and transfer your how much money can you make mining with your gaming pc Dogecoin to your wallet. It essentially boils down to finding a multi-featured and trusted crypto exchange that supports bank account payments to purchase Dogecoin UK. Changelly is exactly the right type of cryptocurrency exchange to accept purchases via a bank wire.
Apart from buying Dogecoin in the UK, Changelly members can use Apple Pay to buy any of the 400+ digital assets listed on our crypto exchange. Changelly allows its users to instantly buy Dogecoin in the UK with Apple Pay and transfer the purchased assets directly to their Dogecoin wallet. Our mobile app for iOS devices is also compatible with Apple Pay, ensuring you have all the necessary tools to buy and trade Dogecoin at your fingertips. Use cases of Dogecoin include paying for goods and services online, tipping people on social media, or simply sending digital currency from person to person as a gift.
Many of these stores sell pet supplies – a nod to the coin’s shiba inu mascot, Shibe. You are also now able to buy Tesla merch (beware though, purchases made using Dogecoin cannot be exchanged or refunded!). You need to sign up to a cryptocurrency exchange in order to buy DOGE in the UK.
Revolut offers a seamless choice for buying Dogecoin in the UK, particularly for those who value the convenience of managing banking and cryptocurrency from a single app. Security is a top priority on Uphold, with transactions safeguarded through a secure payment system and users’ information and funds protected by robust security layers. Note, though, that you need a custodial DOGE wallet to receive the purchased coins. You can create a dogecoin wallet by installing a mobile wallet such as Coinbase Wallet or Trust Wallet.
For example, Musk changed the social media platform’s logo to the altcoin’s mascot and its value jumped by around 30%. Hot wallets are stored online, making them more convenient but also more exposed to hackers. Dogecoin or ‘DOGE’ is an altcoin – a cryptocurrency token other than Bitcoin. Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
One of its notable features is the CopyTrader tool, which allows you to replicate the trading strategies of experienced traders, enhancing your potential for profitable trades. All the platforms I’ve reviewed below are regulated by the UK’s financial watchdog, the Financial Conduct Authority (FCA), and https://cryptolisting.org/ have apps available on Android and iOS. The complexities put many people off, but I’m here to shine some light on it and help UK investors choose the best way to buy Dogecoin for them. As you can see, crypto (including Dogecoin) is gaining traction in the UK and reshaping the financial scene daily4.
Perhaps the only restriction you may encounter when buying Dogecoin in the UK is the anti-crypto policy of your bank. In the United Kingdom, some financial institutions will prohibit users from sending or receiving fiat currency from a trading platform, such as a cryptocurrency exchange. This article reveals exchanges and brokers where you can buy the meme-based cryptocurrency with GBP and shows you how to purchase it using the supported payment methods on the platform. For buying Dogecoin in the UK, consider using credit cards, debit cards, or bank transfers.