{"id":2354,"date":"2022-02-04T16:41:30","date_gmt":"2022-02-04T16:41:30","guid":{"rendered":"https:\/\/insidebitcoins.com\/uk\/?page_id=2354"},"modified":"2023-11-17T11:21:10","modified_gmt":"2023-11-17T11:21:10","slug":"dogecoin-trading-platform","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/uk\/invest-in-cryptocurrency\/dogecoin-trading-platform","title":{"rendered":"Best Dogecoin Trading Platform in the UK"},"content":{"rendered":"
The peer-to-peer open source cryptocurrency of Dogecoin has already garnered much popularity within investor circles, peaking at 7 million Google searches in October 2021 according to a study. Top media outlets have tagged the crypto as the most Googled in the US, its popularity soaring far ahead of conventional investment vehicles.<\/p>\n
A resurgence in attention now that in early 2022 Elon Musk announced Tesla will accept DOGE for merchandise purchases, has prompted traders to look for the best dogecoin trading platforms, which we’ll cover in this guide.<\/p>\n
Investing in cryptocurrency<\/a> is common these days, with a range of options available for retail investors in the United Kingdom and worldwide. When it comes to picking the best platform for trading Dogecoin, it is wise to go only for the most trusted and popular options – we review the top five options in this guide.<\/p>\n eToro<\/strong><\/p>\n Leading the list of top trading platforms, eToro<\/a> is your go-to option if you want a platform with a transparent fee structure and diverse crypto choices.<\/p>\n OKEx<\/strong><\/p>\n If you are looking for a low-cost Dogecoin trading platform because you are eyeing long-term investment, OKEx<\/a> is the place you need to be at.<\/p>\n Bybit<\/strong><\/p>\n Bybit<\/a> provides helpful educational resources for beginners and offers advanced trading features for seasoned traders.<\/p>\n Coinbase<\/strong><\/p>\n Regularly used by over 56 million people across the world, Coinbase<\/a>’s easily navigable trading functionality and seamless verification processes are a big plus for Dogecoin traders.<\/p>\n Binance<\/strong><\/p>\n One of the most popular and best Dogecoin trading platforms not just in the UK but the entire world, Binance<\/a> is particularly useful for veterans in the digital asset trading experience, which means you already have some edge over others.<\/p>\n Uphold<\/strong><\/p>\n One of the most popular crypto apps in the UK, Uphold<\/a> is a simple mobile focused exchange on which you can swap one cryptocurrency for another.<\/p>\n<\/div><\/div>\n Invented way back in 2013 by IBM software engineer Billy Markus and Adobe engineer Jackson Palmer, Dogecoin was surprisingly born out of a “joke”, as the duo envisioned the coin as a fun and friendly way to convey the novel concept of cryptocurrency to the masses. Fast forward a few years, and the people who invested in Dogecoin around six to eight years back have already turned into millionaires.<\/p>\n In case you too wish to try your luck and get a hang of one of the world’s most popular cryptocurrencies, below we review where you can do so.<\/p>\n Widely considered one of the best Dogecoin trading platform in the UK, eToro<\/a> offers a transparent fee structure and a vast number of cryptos.<\/p>\n Past performance is not an indication of future results.<\/em><\/p>\n Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.<\/em><\/p>\n When it comes to the fees for Dogecoin trading on the platform, investors are charged a ‘spread’. This begins at 0.75% and is uniform for trading any kind of cryptocurrency on the platform. Apart from Dogecoin, which is currently soaring the popularity charts in the UK, there are several other popular cryptocurrencies you can trade on eToro, including Bitcoin, Ripple, Ethereum, EOS, and Aave, to name a few.<\/p>\n Another highlight of using eToro as a Dogecoin trading platform in the UK is that it offers an array of passive trading tools, using which you can purchase and sell digital currencies in a single click. This includes the characteristic Copy Trading feature of eToro which connects you to thousands of investors and their trade moves. All you have to do its pick any investor of your choice and copy their future trades as and when you want.<\/p>\n The CryptoPortfolio by eToro is a diversified asset portfolio managed exclusively by eToro’s experienced team, which gives you access to a wide variety of crypto assets on the platform regularly rebalanced as per current market conditions. This gives investors in the UK a brilliant chance to diversify into more traditional asset classes as well, because they now have access to thousands of shares from not just UK but the world.<\/p>\n It mandates a minimum first deposit of about £145. There’s also an FX fee of 0.5%. Apart from that a uniform spread charge of around 0.75% across all cryptocurrencies.<\/p>\n Visit eToro<\/strong><\/span><\/a>\n<\/p> Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.<\/em><\/p>\n If investing in Dogecoins is not a long-term vision but a strategy for the short-term for you, look no further than OKEx as your trading platform of choice. The online trading platform offers a smart and suitable repository of more than 400+ pairs of digital currencies, encompassing not just crypto but also fiat markets. Therefore, you can easily trade Dogecoin against the likes of Bitcoin, Ethereum, and Tether quite conveniently and profitably on the OKEx trading platform.<\/p>\n OkEx Platform<\/em><\/p>\n Founded in 2017, with its headquarters in the Seychelles, OKEx has gained quite some popularity because of its vast portfolio of trading products and calls itself “the cryptocurrency exchange with the most options.” Operating in more than 200 countries, the platform has hundreds of tokens on board and an increasing number of users interested in its spot, margin, options, perpetual swaps, DeFi and mining services.<\/p>\n One of the highlights of OKEx is the wide variety of trading tools and features that the platform has to offer. The platform’s highlight is its fully customizable exchange ecosystem for traders at every level – beginners and veterans alike.<\/p>\n The hassle-free web-accessible trading platform comes with clean and intuitive dashboards, which make the entire trading experience using Dogecoin seem like a cakewalk. From viewing crypto prices in real-time to buying and selling Dogecoin<\/a> in just a few clicks and setting up customized alerts for price changes on the coins you are interested in, OKEx also allows you to compare token process across exchanges and get a hold over volume data<\/p>\n One of the biggest USPs of OKEx has to be its low trading fees. Impressively, the commission that you have to pay for Dogecoin trading against other digital assets like Bitcoins and Ethereum is just 0.1% on OKEx, which is quite low compared to the hefty fees charged by other platforms like Coinbase.<\/p>\n This very commission rate gets reduced even further if you are holding native OKEx tokens – the OKBs – or are trading larger amounts, thus making OKEx the perfect choice for veteran investors in cryptocurrencies.<\/p>\n Fees are, therefore, tiered based on your 3—day trading volume. While low volume accounts must pay a 0.15% maker fee and a 0.2% taker fee, active traders can enjoy as low as 0.02% maker fees and 0.05% taker fees on OKEx. There are daily updates in the fees facilitated by a transparent pricing chart that will help you determine exactly how much you have to pay across broker’s products and tokens.<\/p>\n OKEx allows investors to purchase Dogecoins using both their UK debit and credit card, or directly using pounds and pence – the choice is yours. However, the fees for investing in Dogecoin using fiat currency is higher compared to trading crypto pairs themselves. Besides, you will be asked to go through a somewhat elaborate KYC (know your customer) process for authorization and validation.<\/p>\n For this purpose, investors have to upload an identity proof, including passports, driving licenses, and so on. Once the verification process is complete, you can start trading Dogecoins either via the main OKEx website or even through the native application of the platform, compatible with both iOS and Android devices.<\/p>\n Visit OKEx<\/strong><\/span><\/a>\n<\/p> Your capital is at risk<\/em><\/p>\n Bybit<\/a> is an exceptional exchange for purchasing Dogecoin, offering a range of noteworthy features tailored to traders’ needs. The exchange has no minimum deposit amount for cryptocurrencies, except for Solana which is 0.01 SOL. In addition to Dogecoin, Bybit provides an extensive selection of cryptocurrencies for trading. Users can access popular options like Bitcoin, Ethereum, Ripple, and more, allowing for diversified investment opportunities within a single platform.<\/span><\/p>\n Bybit excels in terms of user experience with its intuitive interface and advanced trading tools. Traders can leverage features like real-time market data, customizable charts, and trading indicators to make informed decisions and execute strategies effectively.<\/span><\/p>\n Trading on Bybit incurs competitive fees, varying from 0.1% to 1%. This transparent fee structure allows traders to calculate their costs accurately.<\/span><\/p>\n Security is a top priority for Bybit. The platform incorporates industry-leading measures such as cold storage, two-factor authentication (2FA), and multi-signature wallets to safeguard users’ funds.<\/span><\/p>\n Visit Bybit<\/strong><\/span><\/a>\n<\/p> Your capital is at risk<\/em><\/p>\n Another Dogecoin trading platform that is considered one of the best in UK for beginners in the field, Coinbase<\/a> is already quite popular around the world as a leading cryptocurrency exchange, regularly used by a whopping 56 million people. The parent company of Coinbase is now listed on the Nasdaq Exchange, just to give you an idea of its magnitude and success.<\/p>\n Dogecoin price chart on the Coinbase Platform<\/em><\/p>\n Interestingly, however, a large portion of Coinbase users are beginners in crypto trading, and are here to buy, sell, and trade these digital currencies as first timers. The intuitive, beginner-friendly platform offers basic transactions, a digital wallet, and withdrawals to PayPal in a single click. The platform supports around 107 cryptocurrencies and comes with an array of enhanced security features.<\/p>\n The reason behind the popularity of Coinbase among newbies is the incredible ease of use of the platform and easy navigation across features and functionality. You can easily deposit funds using your debit or credit card, although the process kicks off only after you have uploaded an identity of yourself along with a selfie holding the document yourself.<\/p>\n After this brief verification procedure, you are free to start purchasing Dogecoins instantly using a Visa or MasterCard. The overall process of registering and validating your account using an ID and starting to purchase DOGE tokens less than 10 minutes to complete.<\/p>\n The hefty fees charged by Coinbase for Dogecoin trading is perhaps one of its biggest drawbacks, especially for beginners who might not want to spend so much money on overheads alone. Purchasing Dogecoins using your debit card, for instance, will lead you to pay a commission of 3.99%, just to give an example.<\/p>\n The standard trading fees across the crypto exchange is itself quite high at around 1.49%. Depositing funds into your Coinbase account via a local bank transfer in the UK, however, is completely free of charge. Coinbase is a popular trading platform not just for Dogecoins but also several other digital currencies, including large-cap coins like Ethereum and Ripple along with ERC-20 tokens. Using the Coinbase mobile app, you can also access your trading account from any place in the world.<\/p>\n Along with 2FA verification, the platform offers insurance for hot storage in case of any breach. Logins are protected by biometric fingerprint verification, and there is a distinct cold storage as well to safeguard your deposits. FDIC-insured USD balances and AES-256 encryption for digital wallets are other augmented features maximizing the security of the Coinbase platform.<\/p>\nDogecoin Trading Platforms in the UK – Top 5 List<\/h2>\n
Reviews of the Best DOGE Trading Platforms<\/h2>\n
eToro<\/h3>\n
<\/p>\n
\n
Investments on a ‘Spread’ Basis<\/h4>\n<\/li>\n<\/ul>\n
\n
Features and Tools<\/h4>\n<\/li>\n<\/ul>\n
\n
Fees<\/strong><\/h4>\n<\/li>\n<\/ul>\n
\n
\n
OKEx<\/h3>\n
<\/p>\n
\n
Features and Tools<\/h4>\n<\/li>\n<\/ul>\n
\n
Fees and Charges<\/h4>\n<\/li>\n<\/ul>\n
\n
Payment Methods<\/h4>\n<\/li>\n<\/ul>\n
\n
\n
Bybit<\/h3>\n
\n<\/span><\/p>\n<\/p>\n
\n
Cryptocurrency Offerings<\/h4>\n<\/li>\n<\/ul>\n
\n
Features and Tools<\/h4>\n<\/li>\n<\/ul>\n
\n
Fees<\/h4>\n<\/li>\n<\/ul>\n
\n
Security<\/h4>\n<\/li>\n<\/ul>\n
\n
\n
Coinbase<\/h3>\n
<\/p>\n
\n
Ideal for Beginners<\/strong><\/h4>\n<\/li>\n<\/ul>\n
\n
Fees and Charges<\/h4>\n<\/li>\n<\/ul>\n
\n
Safety and Security<\/h4>\n<\/li>\n<\/ul>\n
\n
\n