If you want to buy or sell Dogecoin from the comfort of your home – you will need an account with a top-rated trading platform. The best Dogecoin trading platforms in the UK offer plenty of DOGE markets, low fees, support for debit/credit cards and e-wallets, and great customer support.
In this guide, we review the best Dogecoin trading platforms in the UK and show you how to open an account in less than five minutes!
#1 Broker to Trade Dogecoin – eToro
Best Dogecoin Trading Platform UK – List of Top Dogecoin Trading Platforms UK
Below you will find a list of the best Dogecoin trading platforms in the UK.
- eToro – Overall Best Dogecoin Trading Platform UK
- Coinbase – Coinbase – Best Dogecoin Trading Platform UK for Beginners
- OKEx – Best Low-Cost Dogecoin Trading Platform UK for Crypto Pairs
- Binance – Best Dogecoin Platform UK for Experienced Traders
We review the above Dogecoin Trading Platforms UK in the subsequent sections of this guide.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Best Dogecoin Trading Platforms in the UK – Full Reviews
In choosing the best Dogecoin trading platform for you – severe core metrics need to be considered. This should include the type of Dogecoin markets supported (e.g. fiat and/or crypto pairs), fees and commissions, payment methods, trading tools, and more.
Below you will find a selection of the best Dogecoin trading platforms in the UK for 2021.
1. eToro – Overall Best Dogecoin Trading Platform UK
We found that eToro is the best Dogecoin trading platform in the UK for several reasons. Firstly – and unlike the vast majority of online cryptocurrency trading sites, eToro is heavily regulated. This includes licenses with the UK’s FCA, ASIC in Australia, and CySEC in Cyprus. This strong commitment to regulation will ensure that you can trade Dogecoin in a safe and secure ecosystem.
eToro is very simple to use too – making it ideal for beginners. All you need to do is open an account and make a deposit – and you’re good to go. Dogecoin allows you to trade Dogecoin at a minimum stake of $50 (about £18) – which is great for those of you on a small budget. In terms of fees, you will only be charged a ‘spread’ when trading Dogecoin. This starts at 0.75% when trading cryptocurrencies at eToro. You can trade plenty of other cryptocurrencies at this top-rated brokerage – which includes Bitcoin, Ripple, Ethereum, EOS, Aave, and more.
eToro also offers passive trading tools that allow you to buy and sell digital currencies without needing to lift a finger. This is inclusive of its Copy Trading feature – which gives you access to thousands of verified investors. Once you pick an investor you like the look of – you can elect to copy their future trades. You might also consider the CryptoPortfolio – which is a diversified digital asset portfolio managed by the team at eToro. This will give you access to lots of crypto assets and the portfolio is regularly rebalanced to mirror market conditions.
eToro is also popular with UK investors that wish to diversify into more traditional asset classes. This is because the broker offers thousands of UK and international shares, ETFs, commodities, and forex trading markets. Shares and ETFs, in particular, can be purchased at a 0% commission rate. When it comes to payments, eToro accepts debit/credit cards, bank transfers, and e-wallets (including Paypal and Skrill). The minimum first-time deposit is just $200 (about £145) and you will pay a small FX fee of 0.5%.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of UK and international stocks at 0% commission
- Minimum investment per trade from just $50
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Dogecoin Trading Platform UK for Beginners
If you are looking for the best Dogecoin trading platform in the UK for beginners – Coinbase could be the right provider for you. The platform is regularly used by over 56 million people and its parent company is now listed on the Nasdaq exchange. Many people that use Coinbase to buy cryptocurrency, sell, and trade digital currencies are first-timers. This is because the platform is very simple to navigate.
You can easily deposit funds with a debit card – albeit, you will first need to upload some ID and take a selfie of yourself holding the document. After that, you can instantly purchase Dogecoin with a Visa or MasterCard. Although the end-to-end process of registering an account, uploading your ID, and buying DOGE tokens takes less than 10 minutes – it must be noted that Coinbase charges hefty fees. For instance, you will pay a commission of 3.99% to purchase Dogecoin with your debit card.
Standard trading fees are also costly – with Coinbase charging 1.49%. You can, however, deposit funds into your account via a UK bank transfer for free. Much like eToro, Coinbase offers a great selection of other digital currencies that you can trade. This includes large-cap coins like Ethereum and Ripple, alongside lots of ERC-20 tokens. Coinbase also offers a mobile app that gives you direct access to your trading account no matter where you are. You can also order a Coinbase Visa debit card – which allows you to spend your crypto balance online or in-store.
Pros
- One of the most popular cryptocurrency exchanges
- More than 56 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
3. OKEx – Best Low-Cost Dogecoin Trading Platform UK for Crypto Pairs
While many UK investors wish to purchase Dogecoin as part of a longer-term investment – some of you might be looking to trade the digital currency via a short-term strategy. If this sounds like you – OKEx is worth considering. This online trading platform offers more than 400+ digital currency pairs, which covers both crypto and fiat markets. Regarding the former, you will be able to trade Dogecoin against the likes of Bitcoin, Ethereum, and Tether.
The commission that you will pay to trade Dogecoin against other digital assets is just 0.10% at OKEx. This means that for every £50 traded, you will pay just 5p in fees. The commission rate at OKEx is reduced further when you hold OKB tokens (native OKEx digital currency) or trade larger amounts. If you want to invest in Dogecoin directly with pounds and pence – this is also possible. In fact, you can purchase DOGE tokens instantly by using your UK debit or credit card.
The fees to invest in Dogecoin with fiat money are higher than trading crypto-pairs and you will need to go through a KYC (Know Your Customer) process. This means uploading a copy of your passport or driver’s license so that OKEx can verify your identity. You can trade Dogecoin via the main OKEx website or through the provider’s native app. The latter is compatible with both iOS and Android devices. OKEx offers lots in the way of trading tools and technical indicators – so it’s a great platform if you know your way around a pricing chart.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products too complex for beginners
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
4. Binance – Best Dogecoin Platform UK for Experienced Traders
Binance is a popular cryptocurrency exchange platform that is particularly useful if you have experience in the digital asset trading arena. It takes just minutes to get set up with an account and if you are planning to deposit funds with crypto – you won’t need to upload any KYC documents (limits apply). You can trade Dogecoin against several cryptocurrencies – which includes Bitcoin, Tether, and BUSD.
You can also trade Dogecoin against a full host of fiat currencies – which includes British pounds, euros, Australian dollars, and even Turkish lira. When it comes to fees, Binance charges just 0.10% per trade – which you will pay when you enter and close a position. Much like OKEx, this commission is reduced further when you trade larger amounts. If you want to deposit funds with a debit or credit card, Binance will charge you 1.8%.
You can even purchase Dogecoin directly when using your Visa or MasterCard. Once again, using fiat currency to fund your account will require some additional personal information and a copy of your ID. Binance is home to heaps of technical analysis tools – which includes indicators, orders books, and integration with TradingView. You can also customize your trading screen so that it suits your personal investment strategy. In addition to Dogecoin, Binance offers hundreds of alternative cryptocurrency markets – so the platform is great for asset diversity.
Pro
- Facilitates billions of dollars in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection
How to Find the Best Dogecoin Trading Platforms in the UK
Dogecoin is now a multi-billion pound asset class – so naturally, you will find this digital currency at plenty of online trading platforms. While having lots of choice is a good thing – this means that choosing the best Dogecoin trading platform for your needs can be a time-consuming task.
You can, however, fast-track the research process by using the following checklist of core metrics.
Regulation
There are dozens of Dogecoin trading platforms allowing UK investors to buy and sell crypto assets online. However, most of these are unregulated entities. Although there are several unlicensed platforms that have a great reputation alongside millions of active users – you should tread with caution. After all, if your account is hacked or the platform engages in malpractice – your funds are at risk.
This is why we much prefer regulated Dogecoin trading platforms in the UK – such as eToro. This top-rated brokerage firm is not only regulated by the FCA, but ASIC and CySEC. eToro’s native cryptocurrency wallet is also regulated by the GFSC – which is the financial licensing body based in Gibraltar.
Dogecoin Markets
This particular metric is very important, as there are many ways that you can trade Dogecoin from the comfort of your home. Generally, this marketplace is split between fiat-to-crypto and crypto-cross pairs.
- Fiat-to-Crypto: If you want to trade Dogecoin against a fiat currency like British pounds – this means that you will be buying the asset outright. For example, you might decide to invest £500 into Dogecoin tokens. In doing so, you will need a trading platform that offers fiat-to-crypto pairs.
- Crypto-Cross Pairs: Some investors instead prefer to trade crypto-cross pairs. This means that you will be trading the value of Dogecoin against an alternative digital currency – such as Bitcoin or Ripple.
You can easily check what Dogecoin markets the trading platform in question offers by browsing through the provider’s website.
Payments (Deposits and Withdrawals)
You will need to deposit some capital into your chosen Dogecoin trading platform before you can buy or sell crypto. The best platforms in this space support fiat currency payments. For instance, if you elect to use eToro for your Dogecoin trading needs, you can fund your account with a debit/credit card or bank account transfer. E-wallets are also supported – such as Paypal and Skrill.
Other Dogecoin trading platforms that we came across only permit cryptocurrency deposits. This means that you will need to fund your account with an alternative digital asset like Bitcoin or Binance Coin. This won’t be convenient if you do not already own some digital tokens in an external wallet or exchange.
Fees
All Dogecoin trading platforms in the UK charge fees. We can typically split this into two types of charges – trading fees and non-trading fees.
Here’s what fees you need to look out for when searching for the best Dogecoin trading platform UK.
Deposit Fees
It is all but certain that you will be charged a deposit fee when funding your Dogecoin trading platform account. The only exception to this rule is if you deposit funds with a cryptocurrency. If not, then you will need to make use of fiat currency deposit facilities – which include debit/credit cards, e-wallets, and bank transfers.
- When reviewing the best Dogecoin trading platforms UK – we found that debit and credit card deposits are generally the most expensive.
- This is because many cryptocurrency platforms charge in the region of 5% per transaction.
- eToro only charges 0.5% however, so it’s one of the cheapest options in the market.
Bank account deposits are often free at Dogecoin trading platforms – but the funds can take several days to arrive.
Commissions
You also need to factor in the commission when choosing the best Dogecoin trading platform for your needs. This is a fee charged every time you place a buy or sell order. For example, Binance charges a commission of 0.10% per slide. So, if you place an order on Dogecoin worth £1,000 – that’s a commission of just £1. Then, if you close your Dogecoin trade when it is valued at £1,500 – your 0.10% commission will amount to £1.50.
Trading Tools and Features
In order to trade Dogecoin successfully – you should choose a platform that offers suitable tools for your skillset. Below we discuss the most notable tools that we came across when researching the best Dogecoin platforms in the UK.
Social and Copy Trading
eToro is a market leader when it comes to social and copy trading features. The former operates much like social media – but in a trading environment. For example, you can follow your favorite eToro traders, publish and reply to comments, and even ‘Like’ posts. The copy trading feature itself is even more innovative – as this allows you to mirror the buy and sell orders of your chosen investment.
You will have thousands of verified investors to choose from – all of which use the eToro platform to trade. For example, let’s suppose that you decide to copy an experienced cryptocurrency trader. Your chosen trader allocates 20% of their portfolio to Dogecoin and 10% to Ripple. If you invested £2,000 into the trader, you would passively allocate £400 (20%) into Dogecoin and £200 into Ripple (10%).
Technical Analysis
If you are planning to trade Dogecoin tokens on a shorter-term basis, then you will need to have some technical analysis tools by your side. These tools enable you to analyze past and current trends and how this might impact the future price of Dogecoin.
The best Dogecoin trading platforms that we came across offer dozens of technical indicators and chart drawing tools. This allows you to really dig deep into the market sentiment of Dogecoin – something that is crucial to consistent gains on this digital token.
Order Types
It’s also a good idea to see what order types your chosen platform offers. The best Dogecoin trading platforms in the UK give you plenty of options in this department – meaning that you can enter and exit positions in a more flexible way. At a minimum, this should include a combination of buy/sell and market/limit orders.
Limit orders, in particular, allow you to specify the exact price that your Dogecoin trade is executed. For instance, Dogecoin might be priced at $0.27 per token but you might not want to place an order until it drops down to $0.25.
Additionally, the best Dogecoin trading platforms offer stop-loss and take-profit orders. This allows you to specify the price that your Dogecoin trade is closed at. For example, you might want to exit the trade if the position goes down by 5% or nets a profit of 15%.
How to Get Started With the Best Dogecoin Trading UK
So now that we have covered the ins and outs of how to choose the best Dogecoin trading platform in the UK – we can now walk you through the process of placing your first trade. The walkthrough below will explain how to open an account with FCA-regulated platform eToro, as well as how to make a deposit and enter a Dogecoin trading order.
Step 1: Open a Dogecoin Trading Account
In order to trade Dogecoin at an FCA-regulated broker like eToro – you will first need to open an account and verify your identy. To get the ball rolling, click on the ‘Join Now’ button from the eToro homepage. You will then be prompted to enter your personal information, contact details, and to choose a username and password.
Next, you will be asked to upload some ID. This can either be a passport or a driver’s license. Additionally, eToro requires a document that proves your stated home address. This can be a utility bill or bank account statement that was issued within the prior three months. The documents will be verified near-instantly.
Note: You can upload the above documents later as long as your deposit amount does not exceed $2,250 (about £1,600).
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Deposit Trading Funds
You should now have a fully-funded eToro trading account. Now it’s time to adds some funds to your newly created account.
eToro requires a minimum deposit of $200 and you can choose from the following supported payment methods:
- Visa
- MasterCard
- Maestro
- UK bank transfer
- Skrill
- Paypal
- Neteller
eToro charges a small FX fee of 0.5% on all GBP deposits.
Step 3: Go to Dogecoin Trading Area
eToro offers thousands of financial instruments across cryptocurrencies, stocks, forex, commodities, and more. As such, the easiest way to find the Dogecoin trading arena is to search for the digital token.
As per the image above, simply enter ‘Dogecoin’ into the search box and click the result that loads. On the next page, click the ‘Trade’ button – which you will find at the top-right hand corner of the screen.
Step 4: Place Dogecoin Trade
The final step is to set up a Dogecoin trading order. First, choose between a market or limit order. By default, the order box will be set as the former. This means that you can trade Dogecoin instantly at the next best available price. If, however, you switch over to a limit order, you can choose the price that your trade is executed at.
Next, enter the amount of capital that you wish to risk on this Dogecoin trade. This needs to be stated in US dollars. The minimum trade is just $50 – so you can enter any amount above this figure.
To place your Dogecoin trading order – hit the ‘Open Trade’ button.
Best Dogecoin Trading Platforms in the UK – Conclusion
This guide has reviewed the best Dogecoin trading platforms in the UK for 2021. Although the likes of Coinbase, OKEx, and Binance are worth considering – eToro stands out as the overall best platform.
Not only is the platform regulated by the FCA, ASIC, and CySEC – but you can trade Dogecoin from just $50. Additionally, you will only pay the spread to trade Dogecoin tokens and you can register an account and deposit funds in less than five minutes!
eToro – Best Dogecoin Trading Platform UK
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