Skip to content

How to Buy Dogecoin with PayPal [2024] | Step-by-Step

How to Buy Dogecoin with PayPal
Nemanja Curcic

Summary: While PayPal allows you to buy cryptocurrency via its platform, the choice of available crypto coins is severely limited. Notably, Dogecoin is not among the few provided, so investors cannot purchase it directly. However, you can buy Dogecoin using fiat currency from your PayPal account by using a regulated online brokerage like eToro.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Can you buy Dogecoin with PayPal?

Note

Unfortunately, there are only five tokens available for purchase directly via PayPal. These are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and PayPal USD (PYUSD). Dogecoin (DOGE) is not among them.

However, even if it were, you probably would prefer something other than the first-hand PayPal approach. This is due to substantial fees when purchasing through PayPal directly (up to 1.8% + spread fees).

Therefore, the most optimal way to buy Dogecoin with PayPal is to use its fiat currency as a funding method and purchase through a third-party service on much more favorable terms.

How to buy Dogecoin with PayPal?

When buying Dogecoin (or any other crypto coin), the best way is to use a licensed broker like eToro. This reputable multi-asset investing platform lends its support to more than 70 various digital currencies. It hosts nifty features that include Copy Trading (mimicking tactics employed by the most successful crypto traders), stakingHODLing, a custom watchlist, and many charts and tools for exhaustive technical analysis.

eToro investing platform can be used to buy Dogecoin with PayPal.
eToro investing platform. Source: eToro.com

To buy Dogecoin with Paypal using eToro, all you need to do is connect it with your PayPal account. Make sure your PayPal has enough funds or a card linked with it (Visa, Maestro, MasterCard, Visa Electron).

How to buy Dogecoin with PayPal: Step-by-Step

Follow these four steps, and you will be able to buy Dogecoin with PayPal within minutes:

  • Step 1: Create an account on eToro and complete your verification (personal or company);
  • Step 2: Enter the amount of money you want to deposit on the eToro platform;
  • Step 3: Connect your PayPal to deposit your selected fiat currency;
  • Step 4: Finally, find Dogecoin on the given list of cryptocurrencies and proceed with the transaction.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Dogecoin price today

About PayPal

About

PayPal (Nasdaq: PYPL) is a digital payment system that enables individuals and businesses to send and receive money online. The entire process is simple for the end user as transactions via PayPal require nothing more than a bank account or credit/debit card linked to it to securely and reliably process payments via an Internet browser or a mobile app.

PayPal is available in almost every country worldwide. It is used for many purposes, most notably in e-commerce, as it supports over 25 currencies.

Buying Dogecoin with PayPal: PayPal homepage screenshot.
PayPal homepage screenshot. Source: PayPal.com

PayPal has also shown the will to embrace new technologies lately, something that traditional transactional services have been reluctant to do. For example, PayPal has repeated its belief that cryptocurrencies will become an important part of the global financial system. Furthermore, in August 2023 it launched its own stablecoin, PayPal USD.

This makes PayPal a handy platform for transactions such as buying Dogecoin. 

PayPal crypto policy

As a crypto-friendly platform, PayPal not only supports cryptocurrency but also allows a couple of different coins to be purchased directly through its app, as mentioned above. There are no official policies that hinder or discourage users from buying Dogecoin with PayPal or any other cryptocurrency. Moreover, PayPal has expressed support for including crypto into global finances.

Note

Even though PayPal allows its customers to buy crypto coins directly, there are better ways and more efficient transactions than this. Keep in mind that using third-party investment platforms such as eToro not only incurs lower fees but also provides a more diverse selection of digital assets and a better purchasing experience in general. 

How to buy crypto safely

As the most recent addition to global finances, cryptocurrencies are a trendsetter in democratizing the world’s economy. However, the fact remains that just about anyone can start dealing with crypto. Coupled with the rapid growth period, this has made prices highly unstable and the industry susceptible to scammers and fraudsters. No one can be too careful when, e.g., buying Dogecoin with PayPal. Both seasoned veterans and novice investors can find themselves as targets.

Their most valuable perk can be their biggest flaw – crypto assets remain unregulated. After all, no matter how much effort the authorities put into enforcing obligations on registered broker-dealers, digital currencies themselves remain outside regulations.

However, there are steps you can take to ensure that you remain as safe as possible when dealing with crypto. No matter what type of digital currency you’re looking to purchase, make sure to observe the following advice closely:

Tips for buying Dogecoin with PayPal safely

  • Research the cryptocurrency you want to buy: Make sure you understand how crypto functions and what the risks involved are;
  • Only use a safe device: Avoid public computers and Wi-Fi networks when buying Dogecoin with PayPal. Use VPN as an additional layer of protection, keeping your private data secure;
  • Choose an upstanding exchange: Confirm that the exchange is registered with the relevant regulators in your country and has a clean track record. Take a close look at the exchange’s user terms and agreements to find out what happens to your money in case of a breach or if the business goes bankrupt. Do a web search for user reviews to spot any potential red flags;
  • Secure your account: Use two-factor authentication (2FA) and a strong password to protect your account;
  • (Optional) Obtain a crypto wallet: Keeping your cryptocurrency in a secure wallet keeps it safe from online breaches and hackers. Whether you go for a hot (online) or cold (offline) wallet when you buy Dogecoin with PayPal, it will represent an additional layer of security that cannot do harm. To help you opt for the right one, check out our detailed guide on crypto wallets;
  • Only invest money that you can afford to lose: The crypto market is volatile, the prices are susceptible to sudden and broad shifts, and digital asset investments are even less predictable than traditional stocks and commodities. Be conservative with your investments and play safe when just starting out. Avoid these mistakes;
  • Monitor your investments: Keep a close eye on the market and stay vigilant for any changes in the price of the cryptocurrency you’re investing in.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

FAQs about how to buy Dogecoin with PayPal

How to buy Dogecoin with PayPal?

You can buy Dogecoin with PayPal by depositing funds in a licensed and regulated third-party cryptocurrency brokerage and exchange platform.

Does PayPal allow cryptocurrency?

Yes, PayPal supports cryptocurrencies and allows users to directly purchase four different crypto coins (BTCBCHETH, and LTC) via the app. However, you must use third-party services to buy Dogecoin with PayPal.

Where can I buy Dogecoin with PayPal?

You can buy Dogecoin with PayPal from any licensed and regulated cryptocurrency exchange that allows deposits from PayPal.

Is buying Dogecoin with PayPal safe?

Buying Dogecoin with PayPal is safe if you stick to the core tips mentioned in this guide on buying crypto safely. Therefore, if you closely observe these steps, the risk of safety hazards should be minimal.

Can I buy crypto with PayPal in the UK?

As of February 2024, PayPal users can buy crypto directly on the platform. However, the selection remains limited to five tokens. Certain crypto tokens, such as Dogecoin, you cannot buy on PayPal directly.

Should I buy Dogecoin with PayPal?

PayPal is a suitable service to buy cryptocurrency due to its crypto-friendly policy. However, you cannot buy Dogecoin with PayPal directly. However, you can still use a third-party investing service to make this transaction possible.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related guides

Contents