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In what has been an incredible 2021 for Dogecoin, the meme cryptocurrency now has a market cap of around $50 billion.
Today, you can buy Dogecoin on exchanges such as Robinhood, Kraken and Coinbase. Compared to other cryptocurrencies such as Bitcoin and Ethereum, DOGE has been relatively harder to find for retail investors. This is all about to change — the exchange Webull has announced that it will start offering DOGE on April 20.
About Webull Crypto
Webull Crypto allows its users to trade cryptocurrencies 23 hours a day, 7 days a week. You can spend as little as $1 per trade and your funds settle instantly. Webull Crypto also offers custom charts and indicators for crypto traders. Besides Dogecoin (Crypto: DOGE), users can also trade Bitcoin (Crypto: BTC), Bitcoin Cash (Crypto: BCH), Ethereum (Crypto: ETH) and Litecoin (Crypto: LTC).
Buying Dogecoin on Webull
Webull has quickly become one of the top commission-free trading platforms for retail traders. As a result, it should come as no surprise that the brokerage added Dogecoin to its crypto menu.
Now called “DOGE Day,” DOGE began trading on Webull Crypto at 1 a.m. EST on April 20. The meme cryptocurrency already gained more than 8,000% in 2021. In other words, if you had invested $1,000 In Dogecoin on January 1, 2021, you would have nearly $50,000 today! Follow these 4 steps to buy some DOGE for yourself.
How to Buy Dogecoin (DOGE) on Webull
- Download or open Webull.
First, download or open up the Webull app. You can download Webull on the Google Play store or the Apple App store. Once you have the app downloaded, you need to register for your own account. Keep your bank account information handy, as you will need this to link your account and start trading DOGE.
- Fund your account.
Once you have your Webull account set up, you need to fund your account. Simply link your bank account and deposit the amount of money you want to put into your account. To do this, add your bank account number and your Social Security number, if required.
- Decide how much Dogecoin to buy.
After you deposit funds into your Webull account, determine how much you want to use to buy DOGE. Remember, DOGE, a meme cryptocurrency, has seen outsized gains in 2021. You should only invest money into DOGE that you can afford to lose. Once you decide how much money you put into DOGE, start looking for a good price to enter into your DOGE position.
- Execute your trade.
Now that you have funded your account and know how much Dogecoin you want to buy, simply search for the ticker DOGE on Webull Crypto. Indicate the quantity of DOGE you want to buy and hit the buy button. Webull Crypto will execute your order and you should see DOGE show up in your account.
Webull Crypto Alternatives to Buy Dogecoin
Webull, an all-encompassing brokerage platform, allows its users to trade stocks and cryptocurrencies commission-free. While this is great for many traders, others may prefer a brokerage that has more of a niche focus. Regardless of your trading style, take a look at some of Benzinga’s top selections for buying and selling DOGE.
Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best Robinhood alternatives.
- Active traders
- Intermediate traders
- No charges to open and maintain an account
- No account maintenance fees or software platform fees
- Intuitive trading platform with technical and fundamental analysis tools
- Only offers 14 coins
Founded in 2015, Exodus is a multiasset software wallet that removes the geek requirement and keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop and mobile, Exodus allows users to secure, manage and exchange cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and more across an industry-leading 10,000-plus asset pairs from a beautiful, easy-to-use wallet. The noncustodial functionality is encrypted locally on users’ own devices, ensuring privacy, security and complete control over their wealth. Exodus is on a mission to empower half the world to exit the traditional finance system by 2030.
- Newcomers to the cryptocurrency world
- Ease of use
- Trezor integration
- Huge selection of cryptocurrencies
- Excellent 24/7 customer support
- No personal info needed
- FTX app not available on the mobile app
SoFi takes a modern approach to personal finance. It recently created buzz with the release of SoFi Crypto, a way to trade cryptocurrency on the app. The platform allows investors to familiarize themselves with crypto. It offers a high level of security, great customer support and an intuitive interface. However, it does have shortcomings with the number of cryptos offered and geographic restrictions.
- Centralization of your money
- Charges low or no fees for some functions within the interface.
- Relies on Coinbase, a very secure platform, to process transactions.
- Presents a low barrier of entry — you only need $10 to start trading.
- Currently only offers 28 coins.
eToro is headquartered in Cyprus, England and Israel. A major eToro plus is its social trading operations, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its underwhelming research and customer service features.
- Investors looking to CopyTrade other traders
- Simple user interface
- Several major cryptocurrencies and altcoins
- Expansive network of social trading features
- Large client base for new traders to imitate
- Only 29 coins available
Gemini is a cryptocurrency exchange and custodian that offers investors access to over 100 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x.
Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader.
In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review.
- New investors looking for a simple mobile and web app
- Day traders looking to use technical analysis tools
- Users looking for a 1-stop-shop to buy, sell and store all of their cryptos
- Easy and quick signups — can get started in as little as a 5 minutes
- Multitude of platforms to accommodate traders of all skill levels
- Hot wallets include insurance to protect your from theft and hacking attempts
- Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app
Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs.
You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality.
Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade.
- New cryptocurrency traders
- Cryptocurrency traders interested in major pairs
- Cryptocurrency traders interested in a simple platform
- Simple platform is easy to operate
- Comprehensive mobile app mirrors desktop functionality
- Coinbase Earn feature rewards you with crypto for learning about available coins
- Higher fees than competitors