The Truth Revealed: Does Cash App Have Dogecoin?
Does Cash App Have Dogecoin? The straight answer is “No”. Though Cash App allows investing of cryptocurrencies like bitcoin but it does not have Dogecoin in its stock for trading.
But there are some other platforms that allow trading of Dogecoin.
So, if you are looking to buy this currency, we will also discuss some other alternate exchanges that you can use to trade it.
So, be patient and let’s discuss about it further without wasting your time.
As the digital age has revolutionized all sectors, it has also become a source of side income for many people who want to make some extra cash.
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What’s Dogecoin?
Billy Markus and Jackson Palmer created Dogecoin in 2013 that features the image of a Shiba Inu dog, a popular internet meme.
Its origin is considered as a joke. But it has gained popularity and even a high-profile figures such as Elon Musk has endorsed it.
Some have tipped this currency with potential to bring about revolution in financial industry.
However, some believed it offered a quicker way to make money.
Like other cryptocurrencies, it has making footprint in the world of finances to make money through trading.
Does Cash App Have Dogecoin?
Though, Cash App has not listed it on its trading list, so you cannot invest or trade on this plate form. Bitcoin is the only currency that Cash App has listed it for trading.
So, if you are looking how to buy bitcoin on cash app, this app is available for trading.
Can You Buy Dogecoin on Cash App?
You can indirectly trade Dogecoin on Cash App by using Bitcoin.
You can exchange Bitcoin for Dogecoin on any other exchange.
If you want to trade Dogecoin on Cash App, you can buy Bitcoin with your currency and then use it to trade for Dogecoin
Venmo owned by PayPal is currently emerging a competitor of Cash App. It has recently introduced crypto transfer features.
Now, users will be able to transfer their crypto assets to their Venmo and PayPal account.
It also allows users to transfer crypto assets like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash to external wallets and exchanges.
So, as the competition grows between these two apps, Cash App may list Dogecoin in its stocks.
Why Do People Want Cash App to Have Dogecoin?
Those who back Dogecoin to be listed on Cash App, believed that it would boost the popularity of this currency.
This will gain more market share and even will attract more investors.
This may also cause hiking monetary value of the crypto.
What Cryptocurrencies are Available on Cash App?
Though Venmo has announced a few currencies that users will be able to manage, Cash App has listed only one currency-Bitcoin.
In such a situation, Cash App will be facing a tough competition with PayPal owned Venmo App that has recently announced crypto transfer features.
It allows more than one currency for the users.
How to Buy Dogecoin?
If you are not lucky to buy Dogecoin on Cash App, there are several other exchanges where you can invest and trade.
Best Exchanges to Buy Dogecoin
Don’t be embarrassed if Cash App does not list it if you want to trade it.
There are several other exchanges you can use to buy it.
I am going to list some exchanges you can use to trade Dogecoin.
Buy Dogecoin on Binance
If you are not new to the crypto currency world, you might have heard about Binance.
This is considered to be one of the popular exchanges in the world.
It offers low fee and strong security features. You can also use its mobile App to buy and sell Dogecoin with ease.
How to buy Dogecoin on Binance?
Here are few steps you can follow to open account.
| Step | Action |
| 1. | Create a Binance account and complete the verification process. |
| 2. | Deposit funds into your Binance account using any preferred payment method. |
| 3. | Navigate to the Dogecoin trading pair you want to buy. |
| 4. | Enter the amount of Dogecoin you want to purchase and confirm the transaction. |
| 5. | Congratulations! You now own Dogecoin on Binance. |
How to buy dogecoin on kraken?
Kraken is another exchange established in 2011 is considered to be well known for having advanced trading tools and high liquidity.
Experience traders also love it due to its strong two-factor authentication security features.
| Steps to Buy Dogecoin on Kraken |
| 1. Sign up for a Kraken account and complete the verification process. |
| 2. Deposit funds into your Kraken account using your preferred payment method. |
| 3. Navigate to the Dogecoin trading pair you want to buy. |
| 4. Enter the amount of Dogecoin you want to purchase and confirm the transaction. |
| 5. Congratulations! You now own Dogecoin on Kraken. |
How to Buy Dogecoin on Robinhood?
Robinhood is a popular investment apps that has popularity among the crypto traders.
It offers commission-free trading model.
Its support for Dogecoin trading attracts the investors and traders.
There are some other features like a user-friendly interface and a range of educational resources that makes it different from others.
| Steps to Buy Dogecoin on Robinhood |
| 1. Create a Robinhood account and link your bank account. |
| 2. Deposit funds into the account using any payment method. |
| 3. Navigate to the Dogecoin trading pair you want to buy. |
| 4. Confirm the purchase by entering the desired amount of Dogecoin. |
| 5. Congratulations! You now own Dogecoin on Robinhood. |
How to Buy Dogecoin on Coinbase?
If you are looking to buy dogecoin on coinbase, then here is some good news.
Here are a few steps to start trading on Coinbase.
| Steps | Actions |
| Create account | Download Coinbase app or visit website, provide valid ID and address for verification |
| Payment Method | Link bank account or debit card, or use wire transfer option |
| Trade | Click on “Buy & Sell” on Coinbase’s website, or click “+” and select “Buy” on the mobile app |
| Select Dogecoin | Search for Dogecoin and select it |
| Enter desired amount | Use arrow buttons to convert money to equivalent Dogecoin amount |
| Confirm Purchase | Review details and click “Buy Now” |
| Confirmation | You will be taken to a confirmation screen |
| Note | Coinbase may charge a fee to buy Dogecoin, calculated at the time of placing order based on order size and market conditions |
What is Next?
Here is a process how to purchase and withdraw your coins into safe wallet.
| Action | Steps |
| 1. | Purchase Dogecoin |
| 2. | Click on the Withdraw button next to your DOGE balance |
| 3. | Enter your wallet address |
| 4. | Make sure you’re using a secure wallet that you trust |
| 5. | Transfer your Dogecoin to your secure wallet |
| 6. | Enjoy peace of mind knowing your Dogecoins are safe and sound |
These are few steps you can follow while trading. By following these steps, you can also send Dogecoin to secured wallet by avoiding risks.
Final Word
Now, you know Cash App does not back Dogecoin for trading. However, there are several other exchanges available like Binance, Kraken, Robinhood, and Coinbase you can trade this cryptocurrency.
With rise of cryptocurrency, other platforms like Venmo owned by PayPal have entered the race for crypto transfer.
The competition between these two Apps may result into opportunity for the investors.
