How to buy Dogecoin with PayPal in 2021

Find out how to buy Dogecoin with PayPal or credit card in the main exchanges and how to trade in the best brokers of 2021.

Of all the cryptocurrencies in circulation today, there is a very unique one, both due to its origin and its recent history. We refer to the Dogecoin (code: DOGE, symbol: Ð). A little over six years after its founding, it has become an option to consider.

Dogecoin is the cryptocurrency that has been talked about and it is not for less, since Tesla tycoon Elon Musk made mention of it in a series of tweets on the Twitter platform, which caused a stir and the massive purchase of the Cryptocurrency, which hours later went under. However, Doge will continue to give something to talk about and with it, its value will undoubtedly grow. Here, we tell you how to buy Dogecoin with PayPal and Payoneer in 2021.

If you wish, you can also buy Ethereum through your PayPal account.

What is Dogecoin or Doge, the crypto of the meme puppy?

Doge is a cryptocurrency born in 2013 derived from Litecoin, another well-capped crypto. Its name and logo stems from the joke-like adoption of the Siba Inu dog meme, while Billy Marcus, a programmer and former IBM engineer, is listed as its creator. In the next few lines, we will explain how to invest your PayPal money in Doge and we will let you know a little more about this cryptocurrency that is one of the most promising in 2021.

How to buy Doge with PayPal?

Although PayPal does not directly allow the purchase of cryptocurrencies in all countries, except in the United States where it recently enabled the trading of Bitcoins on its platform, PayPal is used to buy DogeCoin, as long as exchange platforms are used in between. To buy Doge with PayPal you must inquire about an exchange house or a broker like eToro that supports this form of payment, then you will have to register to offer your personal data and some identification documents in the event that the transactions you are going to carry out exceed 2000 $. 

Registration on this platform is free. However, your first deposit must be above $ 200. Once you finish this step you can start investing your money in any of the cryptocurrencies that eToro offers you, including, of course, Dogecoin. To finalize the purchase, you just have to choose PayPal as the payment method and indicate the amount you want to purchase. The process will take just a few minutes.

Buy Doge through Uphold

Another way to buy Doge with PayPal is by using Uphold, this choice is the most viable for countries with certain restrictions on currency trading such as Argentina, Panama, Colombia and Venezuela. It will also be necessary to create an account on Reserve.org, using both you can make the transaction. Reserve is a very secure digital wallet with which you can receive transfers in dollars via PayPal, while Uphold is a digital currency exchange platform that has various cryptocurrencies. 

Once you create your accounts and they are verified, you can start investing your money in Dogecoin by following these steps: 

1.- Log in to Reserve. 

2.- Click on the “Load” option and select “PayPal” as the payment method. 

3.- Make the transfer of funds to the account shown below by writing the amount you want to invest. 

4.- Send the identification number of the transaction so that your deposit can be verified. 

5.- Once the funds are in your Reserve wallet, send them to your Uphold account. The operation has no cost and will be ready in just seconds. 

6.- Check the amount transferred and make the purchase of Ether.

Why should you invest in Dogecoin?

Several futures analysts argue that Dogecoin could reach the price of $ 1 per doge in 2021. It is currently trading at $ 0.0030 per token at the time of publication of this article.

Elon Musk's influence

Dogecoin is back on top after a series of viral tweets from the world's richest man, Elon Musk. Musk's followers viewed his tweet about Dogecoin as a recommendation. This sent the cryptocurrency up 20% and higher. According to the TIE, there were over 100,000 tweets about Dogecoin in the final 24-hour period, up to when he tweeted, out of 50,000 unique non-bot accounts. The move takes on significance as it is the first time a cryptocurrency has surpassed Bitcoin in terms of social media spark. Dogecoin currently has a circulating supply of 128,136,378,598 DOGE coins, and the maximum supply is not available.

Warning

Buying cryptocurrencies is a risky business. So, it is better to use them to lose money. There are no guaranteed profits as in trading with company stocks.

Conclusion: is buying Dogecoin a good idea?

Buying Dogecoin can be a great investment in 2021 and for years to come. Will it follow in the footsteps of Bitcoin? Only time will tell, it's too early to tell. Take advantage of all the opportunities offered by cryptocurrency exchange and trading platforms. Start buying Dogecoin right now in order to boost your investment.