Debit cards provide a cheap and convenient way of purchasing Dogecoin. This article will walk you through the process and show you some of the best places to buy DOGE with your debit card.
You can purchase Dogecoin with a debit card online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Dogecoin and simple steps to buy Dogecoin with a debit card.
Using a regulated platform is the best way to keep your funds safe. You can sign up by filling in your personal details and completing KYC by providing a photo ID and/or proof of address. Register with one of our top choices below.
Head to the deposit page, once your account has been verified, and choose debit card from the list of available payment options. Now you can fund your account by simply entering how much you wish to deposit and transferring the funds.
Find the DOGE trading pair for the currency you have just deposited. You can buy Dogecoin at a future price of your choice by creating a limit order. If you want to buy immediately at the current price, simply enter how much you want in a market order.
Where you decide to purchase Dogecoin could depend on a number of factors, such as fees, security, ease of navigation, and what else you want to do on the platform. To help you get started, we’ve shortlisted the top platforms for buying DOGE with a debit card.
If you’re not sure whether using a debit card is right for you, here are some pros and cons to help you decide.
Pros
No annual fees. Unlike credit cards, there are no annual fees or interest payments when you use your debit card.
Universal acceptance. Debit cards are accepted pretty much everywhere—most crypto brokers and exchanges will list debit card as a deposit option.
Fast. Making a deposit with a debit card is a quick process and your funds should be available to trade pretty much immediately.
Security. Both Visa and Mastercard use the latest security technology and provide zero liability protection to protect you from fraud when using your debit card.
Convenience. If you already have a debit card, it’s a simple payment option to use—no need to download anything, create a new account, or get to grips with any new technology.
Cons
Spending limit. You can only spend what’s in your account—you can’t make larger purchases and pay them off over time like with a credit card.
Overdraft fees. If your account has an overdraft, it’s possible to overdraw funds from your account, which could result in fees.
There may be a deposit fee when making a deposit with your debit card, but whether this is the case and how much it is will vary between different platforms, so you will have to check the small print. You may also need to contend with additional costs, such as commissions, trading fees, or blockchain transaction fees.
If you want the speed, convenience, and broad acceptance of a credit card, but without the annual fees and interest payments, then a debit card could be the ideal method of buying Dogecoin.