Buying Dogecoin? Understand the Platform Recommendations

As the value of Dogecoin increases, more traders and investors are starting to look at this cryptocurrency. No wonder site buy and sell Dogecoin also began to be crammed with traders who want to reap a lot of profit.

Like other digital currencies, the process of buying and selling Doge coins can be done through exchange platforms or brokers. To find out the leading platforms that support Dogecoin exchange and trading, check out the following discussion.

Dogecoin Trading Platform Recommendations

Investors and traders have many options to sell or buy Dogecoin, such as Kraken and Indodax which are well known to the public. In addition, there are still some of the best broker recommendations that are worth considering. Here are the options.

1. Kraken

Kraken is one of the leading crypto platforms that supports buying, selling and trading of cryptocurrencies. Through this platform, users can buy and sell various types of digital currencies including Dogecoin, Bitcoin, Ethereum, Ripple, and many more.

In order to provide the best experience for users, Kraken provides a 24/7 live chat service. This platform also brings various interesting features, such as a comprehensive security system to the ease of selling and buying assets.

2. Indodax

Indonesian investors and traders must be familiar with this one platform. As one of the leading trading platforms in the country, Indodax offers various transaction conveniences. Beginner and professional traders can take part on this one platform.

Apart from supporting Dogecoin, Indodax can also be used to buy and sell hundreds of other cryptocurrencies such as Bitcoin and Ethereum. No less interesting, this platform has cut loss and stop loss features that are useful for reducing losses.

3. XTB

This crypto trading platform can be the right choice for traders who want to minimize expenses. Since its inception in 2002, XTB has managed to attract the attention of traders because it offers various advantages such as client protection to good customer service.

However, XTB cannot be used by US clients. This platform also does not provide a stop loss feature like Indodax. This is of considerable concern because traders have to take considerable risks when buying and selling.

4. Fortrade

Fortrade is one of the trusted brokers that supports buy and sell Dogecoin and various other cryptocurrencies. This platform has an interesting feature that other brokers don’t have, namely an Islamic account feature that is run according to Islamic law.

For the convenience of customers, Fortrade provides various other interesting features such as multi-language support and 12-hour customer service.

Unfortunately, Fortrade takes quite a long time for withdrawals which is up to 15 working days. The platform is also too simple for professional traders.

5. Pepperstone

Finally, there is Pepperstone which is a trusted broker for buying and selling crypto assets. This broker provides three different trading methods so that clients can make the choice according to their needs. This broker also provides CFDs features but not for US traders.

The downside of this broker is that there is no negative balance protection for users outside the US and UK so that traders have a high risk of losing. In addition, the demo version is only valid for 30 days.

Before deciding to take a floor on the Dogecoin exchange, there is nothing wrong with equipping yourself with knowledge about the crypto world. Visit Media Authority and get the latest updates on Dogecoin and other cryptocurrencies.

Photo by Sora Shimazaki from Pexels

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