How To Sell Dogecoin For Cash & Cryptocurrency

On the flipside, the DOGE market could be in for a seriously tough time if Musk ever changes his mind on Dogecoin. Despite Dogecoin’s crash from its all-time high, Elon Musk still seems to be a fan of DOGE. In March 2022, Musk said he still owned DOGE and didn’t have any plans to sell it. In June 2022, Musk stated that he will keep supporting Dogecoin.

• EToro ensures that each crypto asset stored on its foundation can be exchanged.
• Kolade is a financial and cryptocurrency writer with years of experience developing well-researched, SEO-friendly articles that are engaging, relatable, and compelling.
• These platforms allow you to buy, sell, and store your Dogecoin.

Depending on the platform, you may have different methods available to fund your account. Payment methods that are typically offered include bank transfer (ACH), debit card, credit card, or wire transfer. Some platforms even allow users to link payment services like Apple Pay or PayPal. You won’t fail to see eToro as  among the main 10 crypto exchanges in the globe. The eToro platform was established considering new and experienced brokers.

How To Sell Dogecoin For Cash & Cryptocurrency

Despite being a joke token, Dogecoin has surpassed expectations, grown beyond measure, especially since 2021 began. As a long-term investment, Dogecoin has performed very well and even beat the majority of more serious crypto projects. So far, DOGE has been able to recover from its crashes and eventually reach new all-time highs. It might still be possible for Dogecoin to reach $1 if there is another bull market for crypto currencies. While Musk is a controversial figure to say the least, he still has a large number of devoted fans and is capable of moving markets with just a single tweet. Thanks to its market cap of $10.1 billion, Dogecoin is currently the 9th-largest crypto asset by market capitalization.

• Depending on the market state of crypto, there may be times when holding DOGE isn’t a practical option.
• The billionaire is also looking to upgrade the token and give it significant value.
• Many investors also use DOGE to pay for goods and services online.
• The top exchange by buy/sell volume for the last 24h is Binance with usdt trading pair.

The final factor to consider when selling Dogecoin is the withdrawal fee for cashing out to a bank account. Some exchanges charge a flat rate while others charge a percentage. Look for an exchange that either has no withdrawal fees, charges a low flat rate or pays for a portion of the fees. Before registering on an exchange, be sure to check that DOGE is listed on the platform and that your desired fiat currency is supported for withdrawing to a bank account. Compare exchanges to find the lowest deposit fees, withdrawal fees and trading fees to maximize the fiat received. This means exchanging your Dogecoin for USDT or some other coin after which you can later withdraw as cash.

Safely hold Dogecoin

Having it on your smartphone you can access and manage your crypto account anytime and anywhere. When you need to check the live cryptocurrency prices, deposit or withdraw funds or place new trade orders, you don’t need to use your computer or laptop. The interface is easily navigated and all transactions are completed in a few clicks. Centralized platforms offer increased convenience and accessibility, allowing you to use local currencies like USD to buy Dogecoin.

After tapping on the ‘Portfolio’ icon, you will see all your crypto assets and their individual worth. There, you can click on some other asset dogecola price apart from Dogecoin that you wish to sell. Note that you should have the necessary withdrawable sum before you go ahead to sell the asset.

Top exchanges where I can buy Dogecoin?

These trades usually take a more extended period to complete because you’re not presently buying at the market price. The first thing in order to get started is to create an account on KuCoin. The platform offers a lot of ways you can buy crypto and it supports Mastercard and various other payment options too.

Dogecoin’s price movements can be observed on the charts with the help of candlesticks and identifiable patterns. In between that period when your investment is yet to attain the target you set, a lot of things might happen given that the crypto market is volatile. A bearish news could affect your open position or holdings.

Best DOGE to NGN Exchange in Nigeria

When the coin’s market value goes up to your predicted range, your coin will sell, and you take your profit. The keen interest of Elon Musk and fellow businessman David Cuban in Dogecoin has made it a profitable coin. In the early parts of 2021, Dogecoin increased in value with a whopping 7000% margin. For a cryptocurrency that started as a meme, Dogecoin is the true definition of growth. This foundation has only one purpose, to preserve our customer funds. This construction ensures that customers are entitled to compensation in the unlikely event of Anycoin Direct’s bankruptcy.

When comparing offers or services, verify relevant information with the institution or provider’s site. Yes, it is legal to sell Dogecoin for USD and other currencies. Guarda is a non-custodial wallet, so only you have access to your assets.

Once the verification has been done and you are logged into your mobile app from the home screen, you can see the selling option. Copy and paste the deposit address into your wallet from which the funds will be sent. To sell Dogecoin on Kraken, you must have the currencies in your account but do not panic because we will explain each step. We‘d like to start by adding Dogecoin to your Kraken account.

How to Buy Dogecoin in 4 Simple Steps

We outlined five steps to sell Dogecoin (Dogecoin) on eToro in the rest of the guide. In the event that these steps are duly followed, selling on the platform will be a piece of cake. Dogecoin is a popular meme token with ties to the Japanese dog breed, Shiba Inu. The token has seen remarkable development since its initiation in 2013. Dogecoin was created by two software engineers Billy Markus and Jackson Palmers to ridicule flagship cryptocurrency, Bitcoin.

US authorities have continually expressed concerns over cryptocurrencies being used for illegal activities. Thus, they are looking to enact regulations that will encapsulate and safeguard against such acts. While some other exchanges leave their base withdrawable sum at a higher cutoff, eToro brought the bar low without decreasing the quality of its services. Least cutoff for Dogecoin withdrawals on  eToro is $50 worth with a rate charge of 0.5%.

Each feature on the platform is geared toward streamlining trading and other crypto-related activity. In view of this, it will be extremely simple for new investors to utilize eToro to exchange Dogecoin or some other crypto asset eliminating errors of getting scammed. If you’ve decided to sell your Dogecoin, there’s plenty of options available.

If you sold it for another cryptocurrency, you can either keep it in the exchange wallet or transfer it to your personal wallet. Place a sell order at your desired dogecoin price or use a market order to sell at the current market rate. Once your order is executed, your Dogecoin will be exchanged for the selected currency. It does not matter how you acquired Dogecoin, but if they are in your wallet, you can quickly sell them for other cryptocurrencies or fiat money.

Because many external factors, like crypto regulations or the network hard fork, can influence the market sentiment. To buy DOGE or any other supported digital currency with your card, go to the Buy/Sell tab and choose the Buy option. Then, simply choose the currency, amount and enter your card details.