If you value convenience and universal acceptance, a credit card could be the ideal way to purchase Dogecoin. In this article, we’ll look at some of the best platforms where you can buy DOGE with your credit card and walk you through the process.
The easiest way to buy Dogecoin with a credit card is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Dogecoin and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Buy Dogecoin with credit card.
Fill in any details requested and complete the Know Your Customer process by providing documentation such as a photo ID. A regulated platform is the most likely to keep your funds and personal data safe. Our top recommendations are linked below.
You’re ready to make your first deposit, once your account has been verified. To do so, head to the deposit page and select credit card from the list of available payment methods. Then you can enter the amount you wish to deposit and transfer the funds.
Now that you have funded your account, you can make your first purchase. Look for the DOGE trading pair for your deposited currency and enter how much you want in a market order to buy DOGE immediately. Or, you can specify a price with a limit order.
You’ll want to select a platform that meets all your requirements regarding fees, security, features, and any other preferences. We’ve already shortlisted the best and safest platforms where you can purchase DOGE with a credit card to make things easier.
We’ve compared the features of using a credit card to buy DOGE to help you decide whether it’s the right route for you.
Pros
Universal acceptance. Pretty much everywhere accepts credit card, whether they are physical shops or online platforms. This makes it a convenient payment option to meet all your purchasing needs.
Familiarity. If you have a credit card, you’re probably used to using it already. There is no need to download anything or learn to use a new technology.
Spread the cost. You don’t need to pay up immediately when you make a purchase with your credit card—you can wait until payday or even pay in installments.
Purchase protection. Credit cards provide buyer protection when you pay for goods and services that are faulty, or the company goes out of business.
Rewards. Some credit card providers will reward you for using their card. This could mean loyalty points, airmiles, or even cashback.
Cons
Getting into debt. Paying with a credit card is borrowing, and if you can’t pay it back, you could damage your credit score and get hit with high-interest rates.
High fees. Making a deposit to your crypto platform with a credit card often incurs higher fees than other methods. There are other charges to watch out for too, such as monthly/annual fees and fees for exceeding your credit limit or missing a payment.
Many crypto platforms will charge a fee for depositing via credit card. This varies so you will need to consult your platform of choice. Other costs to consider include blockchain transaction fees, commission, spreads, and trading fees.
If you’re already a credit card user and don’t mind the fees, you will likely appreciate the ease, simplicity, and potential rewards of buying Dogecoin with your credit card.