The best cryptocurrency apps for trading dogecoin

Have you heard of Dogecoin but don't know where to buy it?

There are several options for this and this is not specific to cryptocurrency exchanges. You can only purchase Dogecoin through mobile cryptocurrency brokers, online brokers and other financial applications.

After a price surge in early 2021,  dogecoin has caught the attention of traders around the world. In fact, with regular tweets and publicly supported demonstrations, Tesla CEO Elon Musk has been one of the driving forces behind this momentum.

Created in 2013 by Billy Markus and Jackson Palmer, this coin mascot (known as "Doge") is derived from the Japanese Shiba Inu  dog breed popularized in a series of online memes.  If you are wondering where to buy dogecoin, keep reading and find the one that suits you best.

Kraken: Best for futures and margin traders

Kraken offers very low transaction fees in over 80 cryptocurrencies to traders in the US and around the world. In addition to accessing dogecoin, account privileges include futures trading (a futures is a contract that provides the right to buy or sell an asset at a specific price on an upcoming date), margin trading, staking rewards (through staking, compensation for holding money), OTC (OTC) trading and cryptocurrency services for institutional clients.

If you're new to crypto games, don't worry. Kraken offers several educational resources for those looking to expand their investment knowledge. These include how to buy Dogecoin, how to buy Bitcoin, how to buy Ethereum, and how to buy Litecoin. The Kraken also offers several mobile apps for iOS and Android users. These include Kraken, Kraken Pro, and Kraken Futures. However, US traders should be aware that  futures platforms are currently not available in the US.

A word of caution: Kraken  currently does not serve traders in New York and Washington  (see full list of  geographic restrictions here). If you live in this area, you should think about other exchanges.

Also, as mentioned above, Kraken Futures is not available in the US.

Coinbase: Best for traders of all experience levels

Coinbase offers  over 80 cryptocurrencies, including Bitcoin, Ethereum, and more. The exchange added dogecoin to its platform in June 2021, allowing  Coinbase Pro and regular account holders to access it via iOS and Android web platforms and mobile apps.

Coinbase also offers Coinbase Earnings, which provides staking rewards, Coinbase Prime for institutional traders and  individuals (income earning at least $1 million), wallet storage, and cash rewards for watching educational videos on a variety of assets.

Caveat: Coinbase does not offer margin accounts for traders who need  additional purchasing power to purchase crypto assets.

Binance: Best for peer-to-peer trading

Created as an extension of Binance in the United States in 2019, Binance.US offers Dogecoin, Bitcoin ​​and over 50 other cryptocurrencies. Unlike Kraken, we do not offer margin and futures accounts. However, like Kraken, Binance.US offers institutional clients rewards, over-the-counter trading and trading options.

Also, if you are proficient in cryptocurrency exchanges, there is no shortage of cryptocurrency trading pairs on Binance.US (a trading pair consists of two assets that can be exchanged for each other). For example, the  two Dogecoin trading pairs on the exchange are DOGE/USD and DOGE/USDT. AND Binance.US has low fees compared to other exchanges. You only need $10 to get started and you'll pay either  0.1% or 0.5% depending on how fast you want your trades to run.

One caveat: Binance.US has some geographic restrictions. The app is not available if you live in Connecticut, Hawaii, Idaho, Louisiana, New York, Texas or Vermont.

eToro: Best for beginners

eToro USA currently has more limited investment options offering dogecoin and 16 other cryptocurrencies, but the exchange compensates for this with a simple interface, community-like cryptocurrency features and educational resources.  One of the most popular features of the eToro USA is the CopyTrader system. This feature is best for novice traders as it allows you to link portfolio strategies with those of advanced crypto traders.

In other words, you can use this feature to make your portfolio mimic the portfolio of top traders. See here for more details. In terms of providing training, eToro offers both a written investment guide and an eToro Trading Academy with video tutorials on crypto trading.

Note: eToro USA does not offer margin accounts, so this is not the best option for traders looking for extra purchasing power. Also, if you live in New York, Delaware, Minnesota, New Hampshire, Nevada, Puerto Rico, Tennessee, Hawaii, Guam, American Samoa, or the U.S. Virgin Islands, the exchange is not available.

Voyager: The best option at an affordable price

Voyager isn`t an exchange; it is a cell cryptocurrency dealer that connects you to crypto buying and selling possibilities via its proprietary routing technology. Nonetheless, the funding app gives commission-unfastened buying and selling on extra than 60 cryptocurrencies, along with dogecoin.

You'll want at least $10 to trade, however Voyager gives numerous different perks, along with hobby to your crypto (as much as 10%), a brand new USD coin-subsidized Voyager Debit Mastercard, FDIC coverage on USD holdings, fraud protection, and clean cell get right of entry to for iOS and Android users.

What to appearance out for: Voyager does not presently permit coin-to-coin exchanges, nor does it allow you make a decision wherein your trades are executed. In addition, the crypto app is to be had to all US states, besides for New York. You'll want keep in mind different cryptocurrency exchanges if you are a New York resident.