How To Buy Dogecoin With A Credit Card?

Dogecoin is a popular cryptocurrency in the digital world now. Launched in 2013 as a meme, it has since risen to become the top 8 crypto by market cap. No one took it seriously in the beginning. But, online communities like Reddit and X (ex-Twitter) fueled the hype around DOGE. So, the low-cost coin quickly gained momentum.

Dogecoin trades on numerous cryptocurrency exchanges, and you can buy it in various ways, including with a bank card. Cryptomus is one of the platforms offering this option.

Can You Buy Dogecoin With A Credit Card?

Yes, purchasing DOGE with a bank card is entirely possible. On Cryptomus, you can buy Dogecoins in several ways. First, through Mercuryo via fiat, we will talk about this in detail later in the guide. And the second way is the P2P platform. To get started, go to the exchange page, select the merchant who sells DOGE. Note that he accepts payments in the same banking system as you. If everything matches, close the deal.

Today, a credit card is the most convenient payment method, accessible to a broad audience. Users quickly fund their crypto wallets without traditional bank transfers or third-party financial services. Unlike other payment methods, credit cards provide several advantages.

But, in case you can't buy DOGE with your credit card, the bank may be blocking the cryptocurrency transaction. It happens. For example, major issuers such as Bank of America, Capital One, Citi and Wells Fargo don’t permit their cards to be used for crypto operations. We recommend using a Visa, it allows DOGE purchases. Additionally, most platforms support it, making the process more straightforward. However, there are certain limitations, such as fees and transaction limits, that users should be aware of.

Where To Buy Dogecoin With A Credit Card?

When it comes to choosing a platform for Dogecoin, customers have several variants: centralized exchanges (CEX), P2P platforms, and exchange services. Each of these has its own benefits and features that are worth considering when making your decision.

• Centralized Exchanges (CEX) and P2P Platforms

These platforms provide a convenient and secure way to purchase cryptocurrencies, including Dogecoin. The main advantage is that you can quickly select and buy any digital asset. The registration process on such platforms typically involves identity verification, ensuring user safety. We'll explain the registration procedure in more detail later. Fees may vary, but CEX offers a stable and secure environment for trading.

P2P platforms (Peer-To-Peer) are a feature of centralized exchanges where members trade crypto directly with each other. They often provide more flexible purchasing options using credit cards and help users find the best deals. P2P platforms also offer greater privacy than centralized exchanges, though it's always essential to be cautious when selecting a counterparty for a transaction.

• Online Crypto Exchanges

Another option is online cryptocurrency exchanges. These services allow people to quickly exchange their fiat money for cryptocurrencies, like Dogecoin, using credit cards. Exchanges act as intermediaries between customers and merchants. It gives a simple interface and minimal registration requirements.

Unlike CEX, online exchanges typically don’t require full identity verification, which can be helpful for those looking to complete a purchase faster and with fewer formalities. However, it’s important to note that exchanges may charge higher fees for convenience compared to CEX or P2P platforms.

Choose the safest method for purchasing cryptocurrency with a credit card. We recommend using intermediaries, as they are professionals who provide a high level of protection. Cryptomus is an excellent P2P platform where you can buy DOGE with a card, and its internal features ensure an excellent line of privacy.

How To Buy Dogecoin With A Credit Card Anonymously

You can buy Dogecoin without verification using decentralized exchanges (DEX). Unlike CEX, they do not require registration or account creation. Smart contracts enable anonymous transactions, making this option less convenient for beginners. DEX offers great privacy, but it's notable that using a credit card on such platforms may be difficult or rarely impossible.

Alternatively, choose third-party payment systems. Some platforms provide the option of virtual cards or external payment services, which hide the user’s personal data during the transaction. This method requires careful selection of services and an understanding of their privacy policies.

So, buying Dogecoin with a credit card is a convenient and fast process. Iit requires careful consideration when looking for a platform and taking into account any potential commissions and restrictions.

Things To Consider

Before purchasing digital assets, it's essential to pay attention to certain factors. They vary depending on the provider and market conditions, so make sure to carefully evaluate each of the following aspects:

• Fees

Using a credit card often comes with higher fees compared to other payment methods. Commissions include both the platform’s internal charges and the interest rates imposed by banks. For instance, some exchanges may levy up to 3-5% of the operation amount with a plastic card. For example, if you are buying $100 worth of Dogecoin, the fee ranges from $2 to $4. It's important to thoroughly review the terms of each platform to avoid unexpected costs before making a purchase.

• Limits

Providers set restrictions on crypto purchases with credit cards. These limits vary depending on the platform’s policy and the user’s account verification level. They typically start at $500 and can reach up to $10,000 worth of Dogecoin per day. Beginners often face lower limits, which may increase as they complete the verification process.

• Transaction Time

One of the advantages of using a credit card is the speed of transactions. In most cases, the fastest and cheapest option to buy Dogecoin is through a P2P platform, with operations usually completed in a matter of minutes. However, processing times can vary depending on network congestion. The slowest option is DEX, where transactions take several hours. It's also important to remember that banks may delay credit card transactions for internal security reasons.

A Step-By-Step Guide With Cryptomus

Once you’ve reviewed all the important factors, it’s time to start your purchase on the Cryptomus platform. We’ll guide you on how to quickly and securely buy Dogecoin using your bank card. Follow each step to ensure everything goes smoothly!

Step 1. First, create an account on Cryptomus. You can do this using an existing account. For example, Apple, Google, or TonKeeper. Also, enhance your data protection with a strong and complex password.

Step 2. After registration, you'll need to enable 2FA and complete the Know Your Customer (KYC) procedure. Follow the actions below:

1. Click on your account icon in the top right corner.

2. Open your personal settings.

3. On the third line, you’ll see a “KYC Verification” button; click on it. You are on the right track!

4. Next, you will need to take a photo of your identity card and then a selfie. This way, you will confirm your identification. After passing KYC, a confirmation should appear.

Step 3. Then, click on “Personal” and select “Receive”.

Step 4. Choose DOGE as the cryptocurrency you want to buy and select the appropriate network. When buying crypto with a credit card, pick “Fiat”.

Step 5. Click on “Receive via Mercuryo” and enter the amount you wish to spend in Dogecoin. The payment form will automatically calculate the equivalent amount in DOGE.

Step 6. Enter your email to receive a verification code. Input the numbers in the designated field to confirm the transaction. Then, provide your credit card details.

Congratulations! You've successfully purchased Dogecoin using your credit card. We hope you found this guide and article quite informative and useful.