Buy DogeCoin (DOGE) in United Kingdom with GBP with Lowest Fees

How Does Dogecoin Work?

Use cases of Dogecoin include paying for goods and services online, tipping people on social media, or simply sending digital currency from person to person as a gift.

However, unlike Bitcoin and other popular crypto asset classes, Dogecoin’s supply is infinite. That means its price is not supported by scarcity and relies on buyers’ desire to buy new Doge tokens that enter the circulation to maintain their value. Because of the endless number of tokens, Dogecoin is not a currency that can effectively store value. Instead, it is most often used for small transactions or non-serious purposes.

Is It Legal To Buy Dogecoin In the UK?

Currently, there is no regulation in the United Kingdom to ban cryptocurrency trading, including buying and selling Dogecoin. However, Dogecoin trades are unregulated investment products, offering no UK or EU investor protection. There is a risk of losing all the initial capital you put into buying Dogecoin. Capital gains tax implications may also arise if you generate profits from crypto asset sales.

Perhaps the only restriction you may encounter when buying Dogecoin in the UK is the anti-crypto policy of your bank. In the United Kingdom, some financial institutions will prohibit users from sending or receiving fiat currency from a trading platform, such as a cryptocurrency exchange. 

This means if your bank is not Bitcoin-friendly, you cannot use your UK bank account to deposit funds or withdraw money to and from a crypto account (or crypto wallet). Banks explain this as an effort to protect users from scams and to minimise their potential losses from crypto trading.

For peace of mind, it is best to find out whether your local UK bank allows fiat-to-crypto transfers before you proceed with buying Doge. You may also want to check whether a trading platform of your choice complies with the UK Financial Conduct Authority (FCA) requirements or other authoritative international laws that prevent illegal crypto trades. 

Exchanges that facilitate crypto purchases, as well as sales, are supposed to observe the anti-money laundering and anti-terrorism financing protocols established by the FCA or other recognised financial authorities (if it is not a UK-based crypto exchange). 

This means reputable platforms need to vet their customers and verify where the money comes from. For this reason, compliant crypto exchanges, such as Changelly, establish a Know Your Customer (KYC) procedure to let only honest users buy and sell digital assets through them.

Remember that Dogecoin (Doge) is unregulated in the UK, meaning there is no consumer protection if your DOGE possessions are lost or stolen. Therefore, it is important to use a well-regulated and reputable crypto asset provider that has strong security and insurance measures in place.

Best Ways to Buy Dogecoin in the UK Safely

The best way to buy Dogecoin (Doge) in the UK safely is through a trusted crypto exchange. Major crypto exchanges, including Changelly, will ensure seamless swaps thanks to an extensive inventory of assets to trade Doge against.

Such platforms also offer advanced consumer protection measures and encryption protocols to secure users’ private information and funds. An intuitive user interface, an array of supported payment methods, and momentous order fulfilment are what large crypto exchanges have a strong reputation for. 

Our cryptocurrency exchange platform allows you to buy Dogecoin instantly with fiat currency, including your credit and debit card, bank transfer, and contemporary mobile purchases via Apple Pay and Google Pay. Once you have purchased Doge, you can trade it against 400+ other cryptocurrencies that are listed on our platform. 

To start trading Doge, you will need to create an account with an acknowledged cryptocurrency exchange and verify your identity. This commonly requires uploading your selfie, a copy of your ID, and proof of residence (paid utility bills or a bank statement) for anti-money laundering purposes.

Once verified, you may need to fund your crypto exchange account with Pound Sterling (GPB), so you can use this money for buying Dogecoin. To initiate a purchase transaction, you just need to specify the preferred payment method (such as Apple Pay, bank wires, or a credit/debit card).

Note that most trading platforms will also ask you to specify your Dogecoin wallet address where the just bought Dogecoin will be sent. If you do not have any, make sure you get and set up your own Dogecoin crypto wallet beforehand. Otherwise, your purchased tokens might go missing forever, as blockchain transactions are irreversible.

Buying Dogecoin in the UK involves a high risk because of the volatility of crypto prices. Also, make sure you trust the exchange you are dealing with. It would be great if you could use an FCA-registered provider that has all consumer protection procedures in place that have been approved by the financial regulator. 

If you are buying Dogecoin through a foreign crypto trading platform, make sure it is compliant with reputable international financial authorities. 

How to Buy Dogecoin with Credit and Debit Card

The process of buying Doge with a credit or debit card is absolutely burden-free. With Changelly, you can easily buy Dogecoin (DOGE) with the lowest transaction fees and paramount security. Changelly supports both Visa and MasterCard, using your GBP funds as a payment method.

You will need to open an account, verify your identity, and provide your existing Dogecoin wallet address to buy Dogecoin UK.

As you have gone through these formalities, you need to transfer fiat currency from your card to Changelly and then use the deposited amount to buy Doge. Once you have completed your crypto purchase, you will need to open your wallet to validate the receipt of the digital currency.

Note Dogecoin purchases via credit and debit cards may entail deposit fees charged by the exchange platform to cover its service. Some credit card providers may also charge additional cash advance fees, as you use borrowed money to purchase Doge.

How to Buy Dogecoin with Bank Transfer in the UK

Bank transfers are a popular way to buy Dogecoin in the UK. It essentially boils down to finding a multi-featured and trusted crypto exchange that supports bank account payments to purchase Dogecoin UK. Changelly is exactly the right type of cryptocurrency exchange to accept purchases via a bank wire.

Once you have opened and verified your account with a selected trading platform, you need to decide how much you want to invest in Doge. You can purchase Dogecoin and hold your assets idle in a crypto wallet. 

Or, you can invest in Dogecoin stock markets, crypto investment portfolios, or even commence trading CFDs (contracts for difference) with Dogecoin if your trading platform enables these functions. However, trading CFDs should be approached with caution, as crypto assets are extremely speculative with hard-to-predict market performance. Lots of retail investor accounts lose their money when trading crypto CFDs. 

You will then need to deposit funds into your crypto account to buy Dogecoin. You will typically be able to select from several supported payment methods, including a bank transfer, credit/debit card, or even cashless mobile payments, depending on what your crypto exchange has to offer.

Next, you decide how much fiat currency you would like to spend on your Dogecoin transactions. You can use the search bar of the selected platform to quickly go to buying Dogecoin. Just type in “Doge” and you will be instantly redirected to the BUY section to complete a Dogecoin purchase. It is up to you to decide whether to spend the entire or part of your fiat deposit. 

Finally, you need to check the credit of acquired assets in your crypto wallet. That’s it!

How to Buy Dogecoin with Apple Pay in the UK

An alternative way to buy Dogecoin is Apple Pay, a cashless payment system available for users of iOS mobile devices. A person should take their time to set up their Apple Pay account on their iPhone or iPad gadget and link their credit/debit card information before buying Dogecoin in the UK. Changelly ensures a seamless experience with Apple Pay crypto purchases. If you have an up-and-running Apple Pay account, our trading platform will suggest Apple Pay as a payment option. 

Apple Pay is a trusted payment method that helps enhance the security and accountability of every fiat-to-crypto transaction, and users enjoy double the peace of mind when they use reliable crypto platforms and established payment services. 

Moreover, Apple Pay does not charge additional transaction fees if you are paying through a current balance or a linked card (except commissions established by your card provider). 

Changelly allows its users to instantly buy Dogecoin in the UK with Apple Pay and transfer the purchased assets directly to their Dogecoin wallet. Our mobile app for iOS devices is also compatible with Apple Pay, ensuring you have all the necessary tools to buy and trade Dogecoin at your fingertips. 

Changelly users who have completed identity verification can easily buy Dogecoin UK via Apple Pay. To do so, you just need to start a Dogecoin purchase transaction and choose Apple Pay as your preferred payment method. 

After confirming the transaction, purchased Doge tokens will be instantaneously delivered to the indicated crypto wallet. 

Apart from buying Dogecoin in the UK, Changelly members can use Apple Pay to buy any of the 400+ digital assets listed on our crypto exchange. 

How to Buy Dogecoin from ATM in the UK

Dogecoin ATMs are a grey area in the United Kingdom. Many investors could easily purchase Dogecoin and other digital coins through crypto ATMs. But in March 2022, the UK Financial Conduct Authority (FCA) revoked a licence from crypto ATM operators, explaining that these machines lack compliance with national anti-money laundering regulations.

Although none of the current providers have regulatory approvals to offer crypto ATM services, according to an online platform coinatmradar.com, there are still 29 machines in different locations where you can buy Dogecoin in the UK. 

These machines allow you to purchase major cryptocurrencies, including Doge, Bitcoin, Ethereum, and others, for fiat using GBP. However, you will not be able to sell Dogecoin through such machines. 

There is a general buying process at all Dogecoin ATMs:

• complete a verification procedure (not necessarily, and may vary greatly depending on the machine’s type);

• provide a Dogecoin address for the deposit (make sure you fetch one before using a machine);

• insert cash into the ATM;

• review the transaction and confirm it (Dogecoin are sent to your crypto wallet address at the moment).

An ATM operator may charge a substantial premium of up to 15% to convert fiat to crypto. Using online cryptocurrency exchanges is cheaper if you are looking to reduce the cost of purchasing Doge; however, it is a more complicated process and may usually involve thorough user vetting. Crypto ATMs are more suitable for small Dogecoin transactions.

How to Buy Dogecoin with PayPal

The official PayPal app allows you to buy, transfer, hold, and sell a number of popular cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. However, you cannot buy Dogecoin directly from your PayPal account through the app. 

To buy Dogecoin in the UK using PayPal, you will have to find a crypto exchange to facilitate this transaction. 

Although using PayPal for online crypto purchases might be fast and convenient, a lot of top crypto trading platforms avoid supporting this e-payment system. This is so because PayPal has excessive transaction fees for crypto transactions and is notoriously known for its chargeback capabilities.

For buying Dogecoin in the UK, consider using credit cards, debit cards, or bank transfers. These methods are safe, secure, and ensure instant crypto asset delivery.

How to Buy Dogecoin with Prepaid Card

Prepaid cards have long been a convenient way to pay for goods and services. Today, the usability of prepaid cards has expanded into the realm of cryptocurrencies. Platforms eagerly accept these cards as a way to buy Dogecoin and other cryptos as an alternative to traditional bank cards. 

Prepaid cards are different from their debit and credit counterparts. With a debit one, all your purchases are debited directly from your bank account that is linked to the card. With a credit card, your bank lends you its own money to let you make a payment.

Prepaid cards empower you to spend money without tying it to your bank account, and they can be anonymous as well (although with a limited spending capability).

Cardholders can load their prepaid cards with cash, purchase Dogecoin, and replenish the card when its cash balance is exhausted.

To buy Dogecoin in the UK using a prepaid card, you need to:

• Create and verify your account with a trusted crypto exchange, such as Changelly. Prepaid cards are involved in transactions with fiat money; therefore, they are subject to strict requirements to check the buyer’s identity.

• Transfer funds to your crypto account from a prepaid card. Pick prepaid cards from the supported payment options, enter the card details, specify the amount to spend, and deposit funds.

• Buy Dogecoin. Select Doge from the list of available coins and use your funded account to buy Dogecoin.

How to Buy Dogecoin with Cash in the UK

Buying Dogecoin in the UK with cash is not difficult. One way you can buy Doge with cash is peer-to-peer, where you find a Dogecoin seller in your location and purchase crypto from them in person. However, this requires a lot of effort to find a trustworthy counterparty that will sell Dogecoin to you.

Another convenient way to use cash to buy Dogecoin in the UK would be a crypto ATM. But, given that the FCA is currently clamping down on crypto ATM providers, this scheme may not work for you in the UK. 

Alternatively, you can buy Doge via a cash deposit. Cash deposits enable buyers to send cash directly to the seller’s bank account using over-the-counter deposits at banks, Western Union, postal money transfers, and other money-sending methods. 

Many banks allow you to deposit cash for a Dogecoin seller in the United Kingdom. The Doge seller will tell you the specific bank they have an account with, along with the account number details. You will get a payment receipt that may be very useful if there is a dispute with the payment. 

You can send cash to your Dogecoin seller via regular mail, although it is neither the most secure nor the quickest method. Precautions must be observed with this scheme too, such as putting special protection tape on the envelope by way of a sticker.

Whether it is by mail, via a bank transfer, or in person, it is vital to ensure the seller issues the tokens to your Dogecoin wallet after receiving money from you. 

Can Foreigners Buy Dogecoin in the UK?

Non-residents can easily buy virtual asset products like Dogecoin in the UK. The most important factor to consider when engaging in buying and selling activities with electronic assets is to ensure that you are not laundering money or financing terrorism with cryptocurrencies. Traders who are not UK residents and who buy Dogecoin UK should also consider capital gains tax consequences on their foreign yields. 

Who Accepts Dogecoin in the UK?

Initially a light-hearted meme coin with a trifling value, Dogecoin has grown into one of the largest cryptocurrencies by market cap. Lots of retail outlets and businesses are ready to accept Doge as a valid payment in the United Kingdom. 

From online streaming services to video game retailers, Dogecoin is equally good for spending, not just buying and selling. The most notable companies to accept Doge in the UK include:

• Tesla – a famed electric car producer that accepts Dogecoin for its merchandise;

• Newegg – an online retailer that offers computer hardware and consumer electronics;

• Twitch – a popular live streaming service that allows users to accept donations in Doge;

• GameStop – a known provider of video games;

• Bitrefill – a leading e-commerce store where you can buy gift cards for all purposes imaginable, such as gaming, travel, groceries, clothing, and more.

Thanks to an unfixed supply and low transaction fees, Dogecoin is more suitable for regular transactions than frontline cryptos like Bitcoin or Ethereum. This crypto can easily be used for the acquisition of goods and services. Dogecoin is enjoying growing usage among retailers and companies, thanks to which it gets even stronger and more influential in the crypto space.

How to Cash Out Dogecoin in the UK?

It is possible to sell Dogecoin either for fiat or other cryptocurrencies, using an appropriate platform. If you want to sell Doge, you can generally choose among multiple order types offered by your platform. However, the most common ones are market orders and limit orders.

With a market order, you simply elect how much you want to sell, and your Dogecoin possessions will be sold immediately for a market price. Such a transaction incurs higher fees than using a limit order but is cheaper than an instant sell. Market orders are suitable if you want to sell Doge quickly at the current market price.

With a limit order, you specify both the amount of Doge to sell and the desired price. In this case, Dogecoin will be sold only after reaching the set price. This will be carried out at a lower fee compared to a market order or an instant sale. You should opt for a limit order if you wish to sell Dogecoin at a specific price. You can cancel your order at any time if it is unexecuted.

To cash out Dogecoin in the UK for GBP, you need to find a platform that supports fiat withdrawals. Some exchanges allow you to cash out Dogecoin in the UK immediately. Others may require you to first swap your Doge for major cryptos like Bitcoin or Ethereum before you can request a fiat payout. 

Note that some exchanges may let you withdraw money via the same payment method you used to fund your account. 

Withdrawal fees may apply when cashing out Dogecoin in the UK. Different platforms may also establish their own minimum and maximum cashout limits for users, depending on their identity verification status.

Processing times can vary too. Card or e-wallet withdrawals may be instant, while bank transfers can be processed within several days or even weeks – bear this in mind when you want to buy Dogecoin UK.