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How to Buy Dogecoin with Credit Card in 2022

Dogecoin Credit Card
Author: Alice Leetham Updated: May 17, 2022

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.

How to Buy Dogecoin with Credit Card

To purchase DOGE with a credit card, just follow this simple three-step process.

1. Sign up with our recommended platform

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 recommendation is linked below.

2. Make a deposit using credit card

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.

3. Buy Dogecoin

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.

Where to Buy Dogecoin with Credit Card

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.

Pros & Cons of Buying Dogecoin with Credit Card

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. 


Fees When Buying Dogecoin with Credit Card

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.

Is Buying Dogecoin with Credit Card Right for Me?

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.

Frequently Asked Questions

  1. Credit cards are one of the safest payment options. As well as providing buyer protection, you can freeze your account and claim your money back if someone uses your card fraudulently.

  2. Yes, you will need to pay interest and the rate will depend on your card provider. However, many credit cards will offer a 0% interest period.

  3. You cannot withdraw cryptocurrencies to your credit card, but you may be able to withdraw fiat currency this way. You will need to consult your crypto platform to find out whether this is an option and what fees are involved.

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