Dogecoin is a cryptocurrency that started as a joke in 2013. It is a satirical homage to bitcoin, designed to serve no real purpose other than generating a few laughs. It is named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits—thus “doge” instead of “dog.”
How to Buy Dogecoin South Africa – Step by Step Guide
The increased popularity of this digital asset raises the question of How to buy Dogecoin in South Africa today? Going through a couple of simple steps, traders can easily buy DOGE on brokers such as Capital.com.
Open an account with Capital.com – To buy Dogecoin coins in the easiest way in South Africa, you need to open an account with Capital.com. This is a CFD platform that allows you to buy and sell Dogecoin without any trading commissions.
Upload ID – Before you can make any trade, you’ll have to verify your identity by uploading your passport or any other national ID.
Deposit Funds – Make a deposit using one of the eligible payment methods.
Buy Dogecoin – Now that your account is verified and funded, search for Dogecoin at the search bar, insert the amount you wish to invest, and click on DOGE.
Where to Buy Dogecoin in South Africa
Considering the increased popularity of the crypto market and the increase in demand for buying and trading cryptocurrencies we were motivated to prepare an in-depth guide on where to buy Dogecoin in South Africa.
Knowing how to buy Dogecoin South Africa with debit/credit card, PayPal or Bitcoin is only half of the puzzle. The other half is to know where to buy Dogecoin in South Africa using your preferred method. Hence, the purpose of the next sections is to give recommendations about the best overall brokerage trading platform, best forex and CFD trading platform, and the best crypto exchange.
Our search started with the objective of finding a reliable platform for trading cryptocurrencies at low costs while offering a high level of security. Knowing how much of a daunting task it would be for each trader to analyze different trading platforms and crypto exchanges separately, we have taken on the task to select the best brokers based on strict criteria.
1. Capital.com –Overall Best Crypto Broker South Africa
The Capital.com forex trading platform finds its place at the top of our trading platforms pick list because of the opportunities it gives to traders. Capital.com is a trading platform offering CFD related to different investments assets like stocks, metals, forex, oil and gas, and cryptocurrencies.
Contract for Differences or CFDs is hands-on instruments that are attractive for traders who want to benefit from movements in the price of an asset without actually owning the underlying asset. Hence, in the case of Bitcoin, you can speculate on future price movements without the need to own or store Bitcoin tokens.
Furthermore, when trading CFDs with Capital.com, you will pay a fixed commission that is set for each cryptocurrency, and it can go as low as 0.74% for trading Bitcoin CFD. The Capital.com pricing method might be superior to spread-based pricing for swing trading cryptocurrencies.
If you haven’t registered with Capital.com by now, go through the few easy steps and open an account to be able to trade CFDs. Trading cryptocurrencies CFD can be done by locating the selected crypto such as Bitcoin and opening the desired position by selecting the buy or sell button.
Pros:
Demo account that enables traders to get an insight into the trading process;
It provides a vast quantity of educational materials;
AI-generated trading suggestions
Traders can speculate on different types of instruments;
No commission
Competitive spreads