Can You Buy Dogecoin on Cash App? (And 5 Better Alternatives)

can you buy dogecoin on cash app

Dogecoin was the crypto to own in the last year. Following a meteoric rise on the heels of Elon Musk’s tweets, everyone and their mother wanted to buy some.

Whether you only discovered it now or you want to add some more Dogecoin to your wallet, you might be wondering if you can buy Dogecoin on the Cash App

You can’t buy Dogecoin on Cash App because the platform only enables you to buy Bitcoin at the moment. There is no indication that this will change anytime soon.

So, what are you supposed to do now? Where can you buy Dogecoin? Here are the best places to do it.

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  1. Coinbase
  2. Kraken
  3. SoFi
  4. Revolut
  5. eToro

1. Coinbase 

coinbase

Coinbase is one of the most well-known crypto exchanges in the world. It was founded in 2012 and in 2014 it already had more than one million users.  

Fast forward to the present and Coinbase is nearing its hundred millionth user fast. It also supports more than a hundred cryptocurrencies. It’s still one of the most trusted ways of buying crypto.

Apart from Dogecoin, you can buy other popular cryptos such as Bitcoin, Ethereum, Cardano, Polkadot, Bitcoin Cash, Litecoin, Stellar Lumens, Tether, and many others.

The easiest way of buying Dogecoin (or any other crypto) is by getting the mobile app. There are a couple of similar ways how to do it. Here’s one. In the Coinbase app:

  1. Tap Buy on the Home tab
  2. Choose what you want to buy
  3. Enter the amount you’d like to buy (in crypto or your local currency)
  4. Preview Buy to review your purchase 
  5. If everything is correct, tap Buy now 

If you want to make this transaction a recurring purchase, tap One time purchase and simply choose how often you’d like the purchase to repeat.

Coinbase isn’t the cheapest to use as they have an extensive fee system. There’s the Coinbase fee and a spread fee. 

Both of them can vary depending on your payment method, location, and other factors. It will either be a flat fee or a percentage of your trade, but it will always be the greater between the two.

READ NEXT: Cash App Vs. Coinbase: Which Is a Better Digital Wallet?

2. Kraken

kraken logo

Another well-known and established crypto exchange and bank, Kraken was founded in 2011. It has around 120 cryptos to buy and sell and is available worldwide. 

This crypto exchange is a good fit for both new and old investors and has a simple user interface and okay fees. To get even better fees, use Kraken Pro which has a more advanced but intimidating interface.

The fee structure is complicated as is the case with other crypto exchanges and includes spread and exchange fees, depending on the trade and the platform you’re using (main or Pro).  

To buy Dogecoin, you’ll first have to sign up for an account, verify it by supplying your name, date of birth, country of residence, and phone number, and, of course, deposit some cash. 

Same with Coinbase, trading is easier on the mobile app. You can download Kraken, Kraken Pro, or both. Simply log in and find Dogecoin. Tap buy and enter the amount. It’s as easy as it gets. 

Every crypto exchange has its risks because crypto transactions are final and can’t be reversed. Always double-check everything before making a move, especially in the beginning. 

READ ALSO: 3 Ways To Buy Bitcoin On Cash App (Quick Guide)

3. SoFi

sofi

SoFi is a digital bank, just like Cash App. From savings and investment accounts to educational resources and crypto, SoFi has it all.

Social Finance, Inc. was founded in 2011 by four students who met at the Stanford Graduate School of Business. The company is public since 2021 and has more than 2,500,000 members.

Though not a bank, SoFi does offer an online cash management account that is FDIC insured through its partner banks

Buying Dogecoin is straightforward and includes simply choosing an amount and hitting buy. The minimum order size per purchase is $10, and the maximum purchase per day is $50,000.

SoFi will charge a markup of up to 1.25% on crypto transactions meaning you will be paying an additional $1.25 on a $100 purchase. 

One major downside is that you can’t transfer your crypto to an outside wallet. It has to be kept at SoFi which may be a dealbreaker for some or even most people. 

4. Revolut

revolut logo for widget

Revolut is a so-called challenger bank (a different name for a digital bank). It was founded in 2015 in London and offers an innovative checking account that allows you to save, and invest in stocks, ETF, commodities, and crypto, among other things.   

You can buy, sell, and send 30+ digital currencies at the touch of a button from its handy and intuitive app. Read up on crypto news and get notified of price drops and increases. 

And now you can even round up your spare change into crypto to save even faster. 

To buy Dogecoin and other cryptos on Revolut:

  1. Download the Revolut app or sign up online
  2. Go to Dashboard > Cryptocurrencies, and accept the T&Cs 
  3. Browse cryptos and their market rates
  4. Tap Buy

If you already have a Revolut account, go to the ‘Crypto’ section in the ‘Wealth’ tab of the app and accept the T&Cs (after reading them).

READ NEXT: 4 Easy Ways To Buy Bitcoin With Chime Bank (A Quick Guide)

How Much Does it Cost to Buy or Sell Crypto?

How much does Revolut charge for investing in Dogecoin and other tokens? Well, Standard and Plus account users will have a 2.5% exchange markup, while Premium and Metal users get charged only 1.5%. 

Plus, Premium and Metal are all paid accounts.

5. eToro

etoro

eToro was founded in 2007 and offers commission-free stock, ETF, forex, CFD, and what’s important for us – crypto trading for clients worldwide.

Just like Revolut, it offers social trading, which lets you copy the strategies of other traders.

Apart from Dogecoin, you can invest in 30 other cryptos, including Bitcoin, Cardano, Litecoin, IOTA, Binance Coin, Uniswap, Shiba, and others. 

Beginners can trade with $100,000 in a virtual portfolio while more advanced investors will appreciate the staking feature that will allow them to earn rewards.

Buying Dogecoin on eToro is easy

Although eToro’s fees are fairly low compared to competitors’ fees, users have to watch out for currency conversion and withdrawal fees. There’s also a $10 inactivity fee per month for those accounts that haven’t been active for over a year. 

Conclusion

Although you can’t buy Dogecoin on Cash App (only BTC), we found that there are other simple ways of investing in this hot crypto. 

All of the above-mentioned crypto exchanges and digital banks have 30-120 cryptos available to trade so you aren’t limited to Cash App’s single offering – Bitcoin. 

Crypto investing is highly volatile and you should do your due diligence and research any coins you’re about to buy. Sometimes, missing out on a coin is far better than losing the money you can’t afford. 

Recommended Digital Banking Apps
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As a mobile banking app affiliate, I earn from qualifying purchases.

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As a Current mobile banking app affiliate, I earn from qualifying purchases.
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As a Current mobile banking app affiliate, I earn from qualifying purchases.