Introduction
Cryptocurrency has gained popularity over the years, and one of the most talked-about cryptocurrencies is Dogecoin. In this blog, we will guide you through the process of buying Dogecoin on eToro using PayPal. eToro is a widely-accessible platform available in various countries such as North America, Europe, India, and many more. Let’s dive into the step-by-step process of creating an account, depositing funds, and making your first purchase.
Creating an Account on eToro
To get started, you need to create an account on eToro. You can find the link in the video description. Once you access the website, you’ll land on the cryptocurrencies page. Follow the steps demonstrated in the video to create your account. Simply enter your data on the right-hand side and proceed. After that, you will receive an email confirmation, which you need to click on to verify your email address. Once verified, you’ll receive a notification that your account has been successfully created.
Completing Your Account Information
To further verify your account, you need to complete your account information. Click on “Complete Profile” and provide the required information such as your name, address, and trading experience. Answer a few standard questions, and you’ll be one step closer to using the platform. After completing this step, you’ll reach a window where you can deposit funds into your account.
Depositing Funds
Now, let’s deposit funds into your eToro account. Click on “Continue,” and you’ll be directed to a page with various payment methods. The good news is that eToro accepts PayPal as a payment option. By selecting PayPal, you can conveniently deposit funds in your preferred currency, such as US dollars. Enter the amount you want to invest and click on “Continue.” You’ll be redirected to PayPal, where you need to log in and confirm the payment. Once the funds are deposited, your account will be checked and verified, allowing you to start trading.
Buying Dogecoin on eToro
Now, let’s explore how to buy Dogecoin on eToro. We’ll switch to the virtual account for demonstration purposes. The virtual account provides the same functionalities as the real account but with a virtual balance. On eToro, your capital is clearly displayed for easy reference. At the bottom of the page, you can see how much cash you have available and how much you have currently invested. Additionally, you can monitor your profit or loss and view your total balance.
To view your portfolio, click on “Portfolio” on the left side of the page. Here, you can see all the assets you have bought. In the video, the demonstrator has already made a few test trades, including purchasing a small amount of Bitcoin and investing in a crypto portfolio through the copy trading feature. The portfolio provides an overview of your initial investment, current profit, and the current value of your assets.
To purchase Dogecoin, return to the watch list or use the search bar to find the desired coin. In this case, search for “Dogecoin” and select it from the results. This will take you to the overview page of Dogecoin. Click on the trade icon on the right side of the page and enter the quantity you want to buy. Once you’re ready, click on “Open Trade.” The purchase will reflect in your portfolio, and you are now a Dogecoin holder.
Selling Dogecoin on eToro
If you decide to sell your Dogecoin, eToro makes it easy. In the portfolio section, locate your Dogecoin position and click on it. You will see the details of your purchase. To sell, click on the red “x” icon on the right side and hit “Close Trade.” Your position will be successfully closed, and your Dogecoin will no longer be in your portfolio.
Conclusion
In conclusion, buying cryptocurrency, specifically Dogecoin, on eToro using PayPal is a straightforward process. Creating an account, depositing funds, and making your first purchase can be done by following the steps outlined in this blog. Remember, eToro is available in various countries, making it accessible to many individuals. Happy trading!
